Florida City Pays $600,000 Ransom to Hackers for Keys to Unlock Encrypted Files
Jun21

Florida City Pays $600,000 Ransom to Hackers for Keys to Unlock Encrypted Files

A ransomware attack on the city of Riviera Beach in Florida has paralyzed the city’s computer system for more than 3 weeks and has caused widespread disruption. The attack started on May 29 with a single email. A member of the Riviera Beach police department received an email with an infected email attachment. When the attachment was opened, ransomware was deployed. The attack took down the city’s online services and computer systems....

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MSP Remote Access Tools Abused to Deploy Ransomware on Client Networks
Jun21

MSP Remote Access Tools Abused to Deploy Ransomware on Client Networks

Managed service providers (MSPs) are being warned about a spate of attacks that has seen hackers infiltrate MSP systems, compromise their remote management tools, and use them to deploy ransomware on client networks. It is not hard to see the attraction with attacking MSPs. If access can be gained to the MSP network, hackers potentially have access to all the MSP clients through the remote management tools they use to serve their...

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Radware Survey Reveals the 2019 Cost of a Cyberattack is now $4.6 Million
Jun20

Radware Survey Reveals the 2019 Cost of a Cyberattack is now $4.6 Million

A recent survey by Radware has confirmed there has been a significant increase in the cost of a cyberattack in 2019. The average cost of remediating a cyberattack is now $4.6 million which is a 53% increase from 2018 when the survey was last conducted. Further, the number of companies that are now spending more than $10 million remediating cyberattacks has increased from 7% in 2018 to 13% in 2019 – An increase of more than 85%. The...

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Microsoft Urges Azure Customers to Update Exim to Fix Actively Exploited Vulnerability
Jun18

Microsoft Urges Azure Customers to Update Exim to Fix Actively Exploited Vulnerability

Microsoft has issued a stern warning to Azure customers to update their virtual machines and ensure they are running Exim version 4.92. Recently, a zero-day Linux Exim mail server vulnerability (CVE-2019-10149) was discovered and an exploit has now been developed and is being used in real-world attacks, including an extensive worm campaign on millions of vulnerable Linux servers. Microsoft explained in a recent advisory that certain...

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Free GandCrab Ransomware Decryptor Released for Versions 5.0 and 5.2
Jun18

Free GandCrab Ransomware Decryptor Released for Versions 5.0 and 5.2

Bitdefender has released a decryption tool that can be used to recover files encrypted by all GandCrab ransomware variants, including 5.0 and 5.2. Three decryptors have previously been developed for specific GandCrab ransomware versions. However, as soon as a decryptor was developed, a new version of the ransomware was released. GandCrab ransomware was one of the most widely used ransomware variants in 2018. Since it was first...

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