Featured, Security News
Travelex driven into financial straits by ransomware attack
The company, slow to respond to warnings about vulnerabilities, shelled out millions — only to then be hit by pandemic fallout.
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Ransomware, Security News
Ragnar Locker’s well-conceived ransomware attack on Energias de Portugal
Ragnar Locker’s ransomware attack on Energias de Portugal (EDP) and its subsequent 1,580 bitcoin, or $11 million, ransom demand indicates the attack was well thought out with the attacker fully understanding it’s victim’s financial capabilities. James McQuiggan, security awareness advocate at KnowBe4, told SC Media that Ragnar Locker’s general modus operandi is to charge a…
Ransomware, Security News
Travelex paid $2.3 million ransom, report
Travelex reportedly shelled out a $2.3 million ransom payment after being struck on New Year’s Eve with REvil/Sodinokibi ransomware. The company has not publicly stated it paid the ransom, but The Wall Street Journal reported that sources have indicated otherwise. In early January it was believed the attackers were seeking $3 million to release the…
Features, Security News
The hottest topic: Ransomware
The attacks that transpired last year alone arguably made ransomware the hot topic of the year and most likely a leading contender for 2020, as well, but a new element that cropped up late last year – attackers adding a layer of blackmail to the threat of locking a target’s computer system – solidified its…
Cybercrime, Finance, Ransomware, Security News, Vulnerabilities
Travelex recovering from ransomware, but more firms at risk of VPN exploit
Beleaguered foreign currency exchange company Travelex confirmed on Friday that the first of its U.K.-based customer-facing systems were back up and running after the New Year’s Eve discovery of Sodinokibi ransomware on its network prompted a shutdown of key systems. Meanwhile, a worrisome report revealed that dozens of major U.S. organizations and businesses have also failed…
Cybercrime, Data Breach, Ransomware, Security News
Nemty ransomware makers may be latest to adopt data leak strategy
Following in the footsteps of Maze and Sodinokibi, it appears the makers another malicious encryption program plans to adopt the tactic of publishing data that’s been exfiltrated from targets. According to a BleepingComputer report, Nemty ransomware developers posted on a news feed in its affiliate panel that it intends to create a website where they…
Cybercrime, Finance, Ransomware, Security News
Sodinokibi ransomware ID’d as cause of Travelex business disruptions
The malware that has disrupted foreign exchange finance company Travelex’s ability to conduct digital transactions since New Year’s Eve has been identified as Sodinokibi ransomware. The malicious encryption software, which operates on a Ransomware-as-a-Service model, may have been delivered via unpatched, vulnerable Pulse Secure VPN servers and it is believed that the attackers are now…
Cybercrime, Finance, Malware, Security News
Travelex sidelines online financial services following malware discovery
Foreign exchange financials company Travelex has suspended its UK-based digital services offline since New Year’s Eve, following the discovery of an undisclosed malware program. As of Jan. 3 at 11:30 a.m. ET, the London-based company remains unable to conduct monetary transactions via its website or app. Services are still being conducted manually, however. “We have…
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