As we near the end of the third quarter of 2017, let’s take a look back at the key points from the major cyber incidents that have occurred over the last nine months. Serial entrepreneur and CEO of WatchPoint, Greg Edwards, will also weigh-in on what he believes are the two biggest takeaways from the WannaCry, NotPetya, and Equifax cyberattacks.
Equifax, one of the largest providers of consumer credit reporting and other financial services in the United States, suffered a massive data breach where attackers made off with highly sensitive data of over 143 million users.
A major cyber-attack is spreading across Europe today (June 27th), shutting down several firms across the continent. The ransomware appears to be a new strain of Petya, which is inspired by the WannaCry outbreak that occurred last month. While the initial outbreak of Petya appears to be smaller than WannaCry, over eight countries have already been affected.
A new ransomware family has recently been discovered that incorporates a combination of fileless attack and code-injection. Dubbed Sorebrect, the fileless ransomware is targeting enterprises, instead of individual users.
Over the last two weeks, Microsoft, Adobe, Mozilla, Google, and VMWare all released major security updates to their systems. Installing these updates, or ‘patches’ can be a key ingredient to your cybersecurity well-being. As we saw with the WannaCry outbreak back in May, failing to update your computer can have a devastating effect.
A lot of people are looking for that next big investment that will make them millions. Well, a headline about Bitcoins caught my attention the other day: If You Invested $100 in Bitcoin in 2010, You’d Be Worth $72 Million Now. That’s a 720,000% return on investment.
WannaCry ransomware took the cybersecurity scene by storm last Friday (May 12th), becoming the fastest spreading ransomware to-date. Now that it is nearly a week later, we want to provide some takeaways on WannaCry. What happened, what did we learn, and what does the future look like?
Cyber criminals are using an exploit kit to distribute the fastest spreading ransomware to-date. The ransomware being distributed is WannaCry 2.0 but is also referenced to as WannaCrypt0r, Wanna Decryptor, and WCry.
As of now, 48 states, the District of Columbia, Guam, Puerto Rico and the Virgin Islands have implemented legislation that requires private or government entities to notify individuals if they have experienced a security breach. Alabama, New Mexico, and South Dakota are the three remaining states who don’t have official security breach notification laws. Even my Midwestern home-state of Iowa now has a mandatory data breach notification law.
In a recent webinar hosted by WatchPoint, CEO Greg Edwards and Chief Hacking Officer Nathan Studebaker explained fileless malware. Fileless malware is a tactic that we have seen professional hackers use more and more over the last six months. In fact, the last quarter of 2016 saw a 33% increase in the distribution of fileless malware.