16 Jan 2019

Data breaches, cyberattacks are top global risks alongside natural disasters and climate change

The World Economic Forum (WEF) has released its Global Risks Report for 2019. According to the organization, the number one risk for this year is extreme weather. The second biggest risk has to do with shortcomings in global efforts to address climate-change, while natural disasters clinched the third spot. Cybersecurity

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16 Jan 2019

Researchers Link Chilean Interbank Attack to North Korea

Flashpoint research indicates that a December 2018 cyberattack targeting Redbanc, a Chilean interbank network, may have been the work of the advanced persistent threat group Lazarus, which has been linked to the North Korean government. Researchers based their assumption on the fact that the attackers used PowerRatankba, a malware toolkit that has

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16 Jan 2019

Fortnite vulnerabilities would have allowed attackers to intercept and steal login credentials

Research by Check Point has uncovered serious vulnerabilities in the user login process of Fortnite, the immensely popular online battle royale game. The flaws, which have recently been patched, could enable attackers to manipulate the login process by means of a phishing link, in order to steal users’ login credentials

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15 Jan 2019

Don’t Ignore These 10 Global Business Risks In 2019

In order for companies to thrive in 2019, business leaders need to prepare for a great number of cyberthreats and other risks. According to Chloe Demrovsky, CEO of Disaster Recovery Institutce International (DRI), the most important risks include the potential start of a new worldwide financial crisis; steep fines companies may need

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15 Jan 2019

Cryptocurrency mining malware is the number one malware menace – again

The latest edition of Check Point’s Most Wanted Malware list indicates that cryptojackers – malware that covertly mines cryptocurrency on infected devices – remain the most prevalent type of malware. The four highest entries are all cryptojackers, with Coinhive clinching the top spot once again. A notable newcomer on the

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15 Jan 2019

Criminals wielding Ryuk ransomware specialize in targeting enterprises

Research by CrowdStrike and FireEye sheds light on the success and modus operandi of Grim Spider, the threat group behind Ryuk ransomware. Over the last six months, Grim Spider has only gone after enterprises, a strategy that seems to be paying off, since the threat actors have already earned about $3,7 million

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15 Jan 2019

Arm yourselves for healthcare’s cybersecurity war

US healthcare organizations (HCOs) are highly popular targets for cyberattacks for two reasons. First of all, HCOs are easy to breach, since a majority of them lack a proper cybersecurity program based on the NIST Cybersecurity Framework, and many organizations use poorly secured medical internet of things (IoT) devices. Secondly, threat actors

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15 Jan 2019

Unpatched Flaws in Building Access System Allow Hackers to Create Fake Badges

New research by Tenable has found serious vulnerabilities affecting PremiSys, a building access control system by US firm IDenticard that is used by tens of thousands of government agencies, schools, hospitals and companies around the world. The various vulnerabilities include the presence of a hard-coded backdoor account that can allow attackers to create fake

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15 Jan 2019

Average Cost of Cyberattack Now Exceeds $1 Million

According to new research by Radware, an average cyberattack now costs over $1 million. If only exact calculations of costs for organziations are taken into account and estimates are omitted, the average cost of an attack is $1.67M. The most reported negative consequences of suffering a cyberattack are operational disruption and

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14 Jan 2019

The Weaponization Of Artificial Intelligence

The rapid proliferation of Artificial Intelligence (AI) technologies has spawned an AI arms race that makes the weaponization of AI seem inevitable. However, Jayshree Pandya, CEO of Risk Group LLC, argues that the development of autonomous weapons systems (AWS) will have serious implications that extend beyond national security and international conflict,

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