Online frauds increased by 70% because of Corona Virus

Online Frauds such as shopping, dating and finance related have increased by 70% in 2020 says a research carried out by Action fraud. The intelligence unit of UK that analysis frauds related to cyber-crime claims that there has been a 50% growth in frauds when compared to 2019. The rise in cyber attacks is because of the increase in people working and shopping from home due to the spread of corona virus. Majorly, vehicle scams have increased in the 3Q of 2020 claims the research as fraudsters are seen posting images of cars online to steal money. UK’s...

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Cyber threats looming on UK Hospital networks

As the spread of a new mutation of COVID-19 virus has induced fear among the Britons living in Tier 1 and 2 cities, security experts warn that cyber threats might immensely pressure the healthcare systems across UK and Europe. Although the vaccination roll out to curb the spread of Corona Virus has began, most medics suggest that the efficiency of the drug will only be visible after a 45 day time frame, i.e. only after the jab is injected into a recipient. Therefore, under these circumstances, if digital threats start hitting the digital infrastructure...

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Ticketmaster to pay $10 million for fraudulently hacking competitor server

Ticketmaster, an online platform to sell tickets related to entertainment and media is in news for hacking its competitor’s server to gain intelligence. The victim company is another ticket seller named CrowdSurge and is said to receive an amount of $10 million from the Ticketmaster for breaking into the network unlawfully. As per the sources reporting to Cybersecurity Insiders, Ticketmaster stole credentials from a former employee of CrowdSurge and accessed the latter’s database between 2013 to 2015 by snooping. After gathering evidence, CrowdSurge...

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Ransomware attack leaks Pharmacy data of more than 137,000 patients

A ransomware attack that took place in Arizona based pharmacy GenRx on Sept 28th, 2020 is said to have put the data of over 137,000 patients to risk says a report. Since the victim denied paying the ransom; the hackers leaked some stolen data from the Scottsdale located healthcare organization onto the dark web. GenRx reportedly hired a third party security firm to investigate the attack and its impact and concluded that the threat actors stole a portion of data from the pharmacy systems. The information that has been siphoned includes weekly/monthly...

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TikTok dragged to court by 12-year-old girl for data misuse

Chinese app TikTok is back in news for misusing data of it’s under aged users to gain advertising revenue from corporate clients. A 12-year-old girl from London has sued in the court that TikTok and its predecessor Musical.ly were processing information related to children just to gain ad revenues that was against the EU and UK data protection laws- set further even after Brexit. Anne Longfield, the Children’s Commissioner from England, will monitor the lawsuit remotely in court and will then intend to take action against the video sharing platform...

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McAfee MVISION Unified Cloud Edge Named a Global Leader in Cloud Computing

SAN JOSE, Calif.–(BUSINESS WIRE)–McAfee Corp. (NASDAQ: MCFE) today announced that The Business Intelligence Group has awarded the company a 2020 Stratus Award for McAfee MVISION Unified Cloud Edge (UCE) in their annual business award program under the “Best Cloud Security Service” category. The organization sought to identify the companies, products and people that are offering...

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Simplify Asset Management to Announce Four New Exchange-Traded Funds: Fintech, Pop Culture, RoboCar and Cloud/Cybersecurity

NEW YORK–(BUSINESS WIRE)–Paul Kim and David M. Berns, Ph.D, co-founders of Simplify Asset Management (“Simplify”) have announced the launch of four new bleeding-edge ETFs in the following areas: financial technology, pop culture and media, robotic cars and clean energy along with cloud and cybersecurity. Details for the ETFs are now live at simplify.us/etfs. The pace of technological...

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ERI Featured in CNBC Story on Conquering the Challenges of Electronic Waste

FRESNO, Calif.–(BUSINESS WIRE)–ERI, the nation’s largest fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company, is spotlighted in a feature story produced by CNBC about the mounting glut of electronic waste and the need for responsible recycling practices. The in-depth CNBC feature segment explores the rapid production...

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Axio Offers Free Coverage Analysis for SolarWinds Impacts

NEW YORK–(BUSINESS WIRE)–Axio, a leading cyber risk management Software-as-a-Service company, today launched a limited time offering, through January 31, 2021, to perform a rapid analysis of insurance coverage in the wake of the SolarWinds event. “After the 2017 NotPetya attack, certain insurers cited the ‘act of war’ exclusion to deny claims from that event because the attack...

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Booz Allen Leads New Frost & Sullivan Security Report

MCLEAN, Va.–(BUSINESS WIRE)–Frost & Sullivan, a leading market research and strategy firm, ranked Booz Allen Hamilton (NYSE: BAH) as holding the largest single market share in Managed and Professional Security Services in the Americas in its annual report, Managed and Professional Security Services Market in the Americas, Forecast to 2024. Key contributors to Booz Allen’s...

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Apple looses mobile security battle against Corellium

Corellium, a Florida based company that offers virtual software to tap into iPhones and iPads, has won the battle against the American tech giant Apple Incs that wanted to ban its technology software on a permanent note through a lawsuit. Technically, Corellium offers to customers a software that helps find bugs and vulnerabilities on iOS that were indirectly helping hackers and black hat developers. And the highlight of this 2017 startup is that it allows users to run a virtual iPhone on a desktop without the need of tampering the physical device. So,...

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Ransomware Attack on Whirlpool and the Funke Media Group of Germany

Whirlpool Corporation has reportedly become a victim to Nefilim Ransomware, thus putting an end to the year 2020 rather unpleasantly. Highly placed sources say that the attack might have been launched in the first week of November and it came to light on the Boxing Day after Christmas 2020. Why the Michigan based electronics giant made it public in December is yet to be known. But sources reporting from the company say that the malware has been contained and the data recovery process is already underway. As per the Prima facie, no consumer data...

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Russian businesses lose $49 billion to Cyber Attacks

Till date we have seen news posts regarding Russian intelligence launching cyber attacks on the West. But Sberbank, a largest money lender in Russian Federation, has released a report that claims that the loss incurred by Russian companies because of cyber attacks in 2020 was 3.6 trillion rubles or $49 billion in international currency. In the past few years, the Putin led nation has been encouraging public to go digital while making monetary payments and is also seen giving many encouraging offers to its citizens to switch to bank payment cards...

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CafePress to pay $2 million settlement for 2019 Data Breach

CafePress, an online retailer that sells customized T-shirts, mugs, wall clocks, calendars and other products was in news last year for failing to protect sensitive details of its customers in a data breach that occurred in Feb 2019 and that includes 23 million unique email addresses, physical addresses, contact numbers, passwords, credit card details and social security & tax numbers stored in an unencrypted form on the database. As the company completely failed to protect the information of its customers, the Attorney General William Tong...

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Top Ransomware attacks of 2020

The first ransomware attack that hit the headlines and grabbed the attention of most in the world is the incident that took place on the servers of ISS World in Feb this year. The Denmark-based Facilities Management Company incurred a loss of $106 million in the file encrypting malware attack and recovered from it on a complete note after a time frame of 45 days. No ransom was paid by the victim. Second, is the ransomware incident that took place on the servers of Cognizant and estimates are in that the tech giant might have spent anywhere between...

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Cyber Attack on Email Accounts of Finland Politicians

In a statement released on December 28th, 2020, Finland’s Crime Commissioner Tero Muurman stated that the email accounts of most of the Finland MPs were targeted in the cyber attack. However, information is out that the attack that was conducted for espionage has failed to reach the objectives of the threat actors because of effective Cybersecurity measures. Such cyber attacks usually take place to either benefit a foreign state or induce economic, administrative, or political predicament in Finland. A preliminary investigation is under way and...

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TrueFort Named One of the Top 25 Cybersecurity Companies of 2020

WEEHAWKEN, N.J.–(BUSINESS WIRE)–TrueFort, the cloud and application workload protection company, today announced that it has been named one of the Top 25 Cybersecurity Companies of 2020 by The Software Report and is profiled here. This prestigious annual ranking includes some of the most innovative and technically advanced organizations based on the strength of their technology,...

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SentinelOne Recognized for Outstanding Workplace and Leadership

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–SentinelOne, the autonomous cybersecurity platform company, today announced a series of awards and commendations for leadership and workplace culture to close out 2020. While navigating the COVID-19 pandemic and transition to remote work, SentinelOne was repeatedly recognized for exhibiting outstanding organizational culture – all during...

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White Ops Announces Acquisition by Goldman Sachs Merchant Banking, ClearSky Security, and NightDragon

NEW YORK–(BUSINESS WIRE)–White Ops (“White Ops” or the “Company”), a global leader in protecting enterprises and internet platforms from digital fraud and abuse, today announced its acquisition by Goldman Sachs Merchant Banking Division, in partnership with ClearSky Security and NightDragon (together, the “Sponsors”). The Sponsors are acquiring the business from previous investors...

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CyberArk Announces Free Breach Assessment for SolarWinds Customers

NEWTON, Mass. & PETACH TIKVA, Israel–(BUSINESS WIRE)–CyberArk (NASDAQ: CYBR), the global leader in privileged access management, today launched a free assessment offer to help SolarWinds Orion customers identify privileged access-related risk and implement steps to mitigate future exposure to a potential cyberattack. To date, the supply chain attack involving SolarWinds...

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Hackers steal Defense Information from servers of Kawasaki Heavy

Japanese multinational auto-manufacturer Kawasaki Heavy has made it official that some of its data was accessed by hackers on June 11th this year. Although the company states that no critical information was leaked to the threat actors in the incident. However, a source on the condition of anonymity states that data related to aircraft and submarines pertaining to the Defense Ministry was leaked to the hackers. Information is out that the data was accessed by hackers from a server operating in the headquarters of Japan and news is out that the...

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Most tragic Cyber Attacks of 2020

FireEye data breach- One of the biggest cyber attacks that came into light was the one that was revealed at the end of 2020 i.e. December 2020 where an official conformation from Cybersecurity firm FireEye was made stating that it is has become a victim of cyber attack where hackers stole its network penetration tools that are used to test the security framework of computer networks. Initially, everyone thought that it was just a data breach at one company. But a detailed probe launched by FBI revealed that Russia hackers installed a backdoor malware...

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Hackers now indulge in donations to Charity

HackerOne’s ‘Hack for Good’ initiative is making participant hackers to donate their earnings to charitable causes. In fact, a few of the hackers who took part in the hacking competition donated $5k amount to the COVID-19 Solidarity fund of World Health Organization (WHO). Technically, HackerOne’s is an event organized in Singapore where good hackers are invited to discover bugs on the products and services offered by tech companies. And when they do so, they earn a reputable amount- depending on the discovered severity on various products. In...

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CYBERSECURITY CONSULTANT: ARE MORE CISSPS EMBRACING THE GIG ECONOMY?

span style="color: #000000;font-size: 11pt;font-family: Calibri, Arial" data-sheets-value="{"1":2,"2":"This post was originally published by ."}" data-sheets-userformat="{"2":10753,"3":{"1":0},"12":0,"14":[null,2,0],"16":11}">This post was originally published by (ISC)² Management. The gig economy has grown rapidly in recent years and now includes more than one third of U.S. workers who describe themselves as consultants, freelancers or self-employed. It isn’t...

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