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Legal, Security News

British Airways hit with record £183 million GDPR fine for last year’s breach

The Information Commissioner’s Office (ICO) hit British Airways with a record-breaking £183 million fine for last year’s data breach that compromised the personal data of half a million customers.  The fine is the first to be made public under The General Data Protection Regulation (GDPR) which went into effect last year. The attack was the…
Cybercrime, Security News

Six arrested in European heist that netted $27.3M in cryptocurrency

Six people in the U.K. and Netherlands were arrested on charges stemming from the theft of €24 million, $27.3 million, worth of cryptocurrency. The arrest was carried out by the U.K.’s South West Regional Cyber Crime Unit (SW RCCU) in a joint operation with the Dutch police (Politie), Europol, Eurojust and the UK’s National Crime…
Cryptocurrency, Security News

GateHub hit for $9.5 million worth of cryptocurrency

The cryptocurrency wallet service GateHub was hit by a cyber heist that netted 23.2 million Ripple coins (XRP), worth nearly $9.5 million. The incident is still under investigation, but researchers at the firm believe the hacker abused its API to carry out the attacks, albeit it is unsure how. “We have however detected an increased…
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…
Cybercrime, Security News

TeamViewer reportedly hit by Chinese hackers in 2016

TeamViewer announced it was the victim of a cyber attack which took place in 2016 although some sources claim that hackers were in the firm’s network as early as 2014. The data breach was reportedly the result of threat actors exploiting the recently patched Winnti backdoor trojan, a malware first seen used by a group…
Ransomware, Security News

Report finds ransomware recovery firms simply paying attackers

Imagine your company gets hit with a ransomware attack. Critical files become inaccessible, work productivity is lost, sensitive data could be at risk of either being compromised and leaked or even deleted, all while being extorted by a cyber assailant for funds your firm may or may not be able to shell out. Companies often…
Scammers exploit interest in NBA finals to spread Facebook spam
Phishing, Security News

Indiana Pacers basketball team falls for phishing attack

The Indiana Pacers franchise, Pacers Sports & Entertainment (PSE), fell victim to a phishing attack which resulted in unauthorized gaining access to emails containing personal information related to a limited number of individuals. The threat actors accessed emails containing  names, addresses, dates of birth, passport numbers, medical and/or health insurance information, driver’s license/state identification numbers,…
Mobile Security, Security News

WhatsApp patches flaw allowing easy installation of Pegasus spyware

Facebook posted a security advisory for a buffer overflow vulnerability in its subsidiary WhatsApp that could allow an attacker to install Pegasus spyware on victims devices. The  Israeli NSO group developed spyware allows its users to turn on a phone’s camera and mic, scan emails and messages, and collect the user’s location data and can…
Cybercrime, Security News

SilverTerrier cybergang evolving new techniques for BEC scams

Palo Alto Networks Unit 42 researchers have actively monitored the evolution of SilverTerrier Nigerian Business Email Compromise (BEC) threat actors. The threat actors have been attributed to more than 51,000 malware samples and 1.1 million cyber attacks over the last four years as they are gaining experience quickly as they adopt new technologies, techniques, and…
IoT, Security News

Uptick in IoT related data breaches as unsecured devices increase

A recent  Ponemon Institute study found, there has been a dramatic increase in IoT-related data breaches specifically due to an unsecured IoT device or application since 2017. The study found these breaches account for 26 percent of incidents, up from 15 percent, although the actual number may be greater as most organizations aren’t aware of…
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