With investors currently bullish on Bitcoin, is its high value is driving cybercriminals to pursue crypto-generating forms of cybercrime like ransomware and illicit miners? At time of writing, the value of one Bitcoin is north of $58 thousand. Famously volatile, a crash is widely expected to accompany the current bubble, perhaps before the end of 2021. Th

Spanish labor agency suffers ransomware attack Multiple systems were taken offline following a ransomware attack on the Spanish government labor agency SEPE, which has affected all 700 of their offices across the country. While some critical systems were impacted by the attack, officials have confirmed that the systems containing customer and other sensit

Dairy farm group faces $30 million ransom The Dairy Farm Group, one of the largest retailers in Asia, has suffered a ransomware attack by the REvil group, which has demanded a roughly $30 million ransom. The attack is still ongoing nearly nine days after being first identified. The attackers still have full control over the company’s email systems, which

Skyrocketing Bitcoin prices prompt resurgence in mining malware As the price of the cryptocurrency Bitcoin pushes record highs, there’s been a corresponding resurgence in cryptomining malware. Illicit miners had slipped off the radar as Bitcoin’s value plummeted in recent years, but now authors are hoping to profit off the latest price increase. Researche

Top gaming companies positioned to be next major cyberattack target After healthcare and higher education emerged as lucrative targets for cyberattacks in 2020, researchers have identified the video gaming industry as another key target. By scouring the dark web for stolen data belonging to any of the top 25 largest gaming firms, over a million unique and

“It’s definitely dead,” says Tyler Moffitt, security analyst at Carbonite + Webroot, OpenText companies. “At least,” he amends, “for now.” Maze ransomware, which made our top 10 list for Nastiest Malware of 2020 (not to mention numerous headlines throughout the last year), was officially shut down in November of 2020. The ransomware group behind it issued

Trickbot spreading through Subway company emails Customers of Subway U.K. have been receiving confirmation emails for recent orders that instead contain malicious links for initiating Trickbot malware downloads. Subway has since disclosed that it discovered unauthorized access to several of its servers, which then launched the campaign. Users who do click

The cybersecurity industry and end-of-year predictions go together like Fall and football or champagne and the New Year. But on the heels of an unprecedented year, where a viral outbreak changed the landscape of the global workforce practically overnight, portending what’s in store for the year ahead is even trickier than usual.   One thing the cyber

Cybercrime surpasses $1Trillion in global costs A recent study has put the global cost of cybercrime at over $1 trillion for 2020. This figure is up significantly from 2018, which was calculated at around $600 billion. And while most effects are financial, roughly 92% of affected organizations cited by the study reported additional issues stemming from cy

Biological Worries Over Malware Attacks Researchers have recently unveiled the latest potential victim for malware authors: biological laboratories. By illicitly accessing these facilities, hackers may be able to digitally replace sections of DNA strings, causing unexpected results when biologists go to create or experiment with these compounds. While it

REvil Ransomware Strikes Hosting Provider In recent days the web hosting provider Managed.com has been working to recover from a ransomware attack targeting many of their core systems. While the company was able to stop the spread of the attack by shutting down their systems and client websites, it remains unclear what information may have been encrypted

Reading Time: ~ 2 min. Phony IRS Emails Flooding Inboxes Upwards of 70,000 inboxes have been receiving spam claiming to be from the IRS threatening legal action for late or missing payments. Most recipients are Microsoft Office 365 users and have been receiving threats of lawsuits to, wage garnishment and even arrest. These spoofing scams have risen in po

Reading Time: ~ 2 min. Maze Ransomware Group Ends Operations A press release issued this week announced the end of the Maze ransomware group’s data theft operations. In the release, the Maze authors revealed their motives behind one of the most successful ransomware campaigns to date, and why they chose to finally shut down their massive project. It also

Reading Time: ~ 2 min. Adobe Flash Being Uninstalled on Windows Systems Following its September announcement, Microsoft has released an update that removes Adobe Flash from Windows 10 systems and prevents reinstallation. It should be noted that this update only removes the version of Adobe Flash that comes bundled with Windows 10. Internet browser extensi

Reading Time: ~ 2 min. Backdoor Found in Children’s Smartwatch Researchers have discovered that the X4, made by Norwegian smartwatch seller Xplora, contains a backdoor that could allow for information to be stolen. The X4 watch is designed specifically for children with a limited number of capabilities, mostly for children’s security. The backdoor, howeve