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Cybercrime, Malware, Ransomware, Security News

Damages from ransomware attack on Norsk Hydro reach as high as $40M

Aluminum company Norsk Hydro has already lost as much as $40.6 million since it was attacked by LockerGoga ransomware on March 19, but at least most of its operations are back running at normal capacity, the company said in a news update yesterday. Most of the financial damage, which Hydro estimated at between 300 million…
Security News

Norwegian aluminum producer Norsk Hydro hit by an unspecified cyberattack

Norwegian aluminum producer Norsk Hydro was hit by a cyberttack which began Monday evening and escalated into the night. The Norwegian National Security Authority (NSM) declined to comment on what type of attack it was but said the extent of the attack is still being assessed and that it’s too early to state how big…
Cybercrime, Malware, Ransomware, Security News

Two U.S. chemical companies disclose cyberattack, LockerGoga suspected

Just days after a ransomware attack disrupted operations at Norwegian aluminium company Norsk Hydro, two U.S.-based chemical companies last Friday disclosed that they were affected by an unspecified network security incident that blocked access to certain IT systems and data. Reports suggest the incidents could be the work of LockerGoga, the same malicious encryption program that…
Malware, Security News

Aebi Schmidt latest manufacturer dealing with cyberattack

Swiss heavy equipment company Aebi Schmidt apparently was hit with a ransomware attack earlier this week. The company has not issued a public report on the incident, but told TechCrunch that its Windows environment had been hit with malware and the company had shut down that portion of its network while it deals with the…
Cybercrime, Malware, Security News

Malware attack rains on Weather Channel’s parade, disrupts live broadcast

The Weather Channel is blaming a “malicious software” attack for knocking its live morning broadcast off the air for approximately one hour and 39 minutes today. “We experienced issued with this morning’s live broadcast following a malicious software attack on the network,” reads a tweet issued by the network earlier today. “We were able to…
Cybercrime, Data Breach, Ransomware, Security News

History shows, transparency can ease the fallout from a cyberattack

Cybersecurity firms have a responsibility to keep their clients safe from digital attacks. But when they end up the victims, they potentially risk losing credibility with these customers, especially if their operations are disrupted. It’s a potentially juicy extortion scenario for attackers, and we just saw an example of this play out last week when…
Cybercrime, Malware, Ransomware, Security News, Vulnerabilities

Researchers: LockerGoga coding error can be exploited to prevent malicious encryption

The LockerGoga ransomware that’s been targeting industrial and manufacturing companies in early 2019 contains a coding error that could potentially be exploited to stop it from encrypting files, researchers say. The mistake pertains to how the malware handles .lnk file extensions, explains a March 25 blog post from threat management company Alert Logic, whose researchers…
Ransomware attack
Ransomware, Security News

Baltimore will not pay ransomware demand: Mayor Young

Newly minted Baltimore Mayor Bernard Young said the city has no intention of paying the ransom demand set by the cyberattackers who have locked up a large portion of the city’s servers with Robbinhood ransomware. The Baltimore Sun obtained a copy of the ransom note which contained an a la carte demand list asking for…
Executive Insight, Opinion

Transient devices require strict control measures as regulatory compliance requirements grow

TThe proliferation of BYOD and portable media devices is increasing the cybercrime attack surface exponentially. reports that 25 percent of malware is spread today through USB devices alone. Transient cyber assets  — or devices not connected to the network all the time (which includes USB devices) — are proving to be an acute vulnerability…
Ransomware, Security News

Spirit AeroSystems confirms ASCO Industries cyberattack

Reports that Belgian aerospace manufacturer ASCO Industries has shuttered several factories due to a ransomware attack on June 7 is certainly news, but what is causing even more raised eyebrows is the company’s almost complete silence on the issue. However, the proposed buyer Spirit has told SC Media that it was informed by ASCO of…
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