NotPetya Is a Cyber Weapon, Not Ransomware

Yesterday morning, after monitoring this new outbreak for 24 hours, the conclusion was that we were dealing with cyber warfare, and not ransomware. Two separate reports coming from Comae Technologies and Kaspersky Lab experts confirm this now. NotPetya is a destructive disk wiper similar to Shamoon which has been targeting Saudi Arabia in the recent […]

Canadian firm pays $425,000 to recover from ransomware attack

“A major Canadian company was forced to pay $425,000 in Bitcoin over the weekend to restore its computer systems after suffering a crippling ransomware attack that not only encrypted its production databases but also the backups as well. “They literally had not choice but to pay” because the backups were frozen, said Daniel Tobok, CEO […]

The Petya ransomware is starting to look like a cyberattack in disguise

“The haze of yesterday’s massive ransomware attack is clearing, and Ukraine has already emerged as the epicenter of the damage. Kaspersky Labs reports that as many as 60 percent of the systems infected by the Petya ransomware were located within Ukraine, far more than anywhere else. The hack’s reach touched some of the country’s most […]

What you need to know about the new ransomware ravaging the internet

“A new form of malware hit the internet Tuesday, shutting down systems across Europe and impacting companies from the U.S. to Russia. Unfortunately, the attack, which early reports indicate seems to have hurt Ukrainian organizations and agencies more in particular, is still largely a mystery for security researchers. A form of ransomware, the malware encrypts […]

A new ransomware attack is infecting airlines, banks, and utilities across Europe

“A major ransomware attack has brought businesses to a close throughout Europe, in an infection reminiscent of last month’s WannaCry attack. The most severe damage is being reported by Ukrainian businesses, with systems compromised at Ukraine’s central bank, state telecom, municipal metro, and Kiev’s Boryspil Airport. Systems were also compromised at Ukraine’s Ukrenego electricity supplier, […]

‘WannaCry’ ransomware evolves despite attempts to kill it

The WannaCry ransomware that wrecked havoc across the world is still a security issue with organizations that run operating systems that haven’t been updated to protect against today’s security threats. It’s important to stay continuously up-to-date and monitored to protect your business and Pro-Active IT can help you do that. We proactively monitor, manage and […]

Cybersecurity spending outlook: $1 trillion from 2017 to 2021

“Worldwide spending on cybersecurity is predicted to top $1 trillion for the five-year period from 2017 to 2021, according to the Cybersecurity Market Report, published by Cybersecurity Ventures. “IT analyst forecasts are unable to keep pace with the dramatic rise in cybercrime, the ransomware epidemic, the refocusing of malware from PCs and laptops to smartphones […]

Microsoft warns ransomware cyber-attack is a wake-up call

https://tctechcrunch2011.files.wordpress.com/2016/07/microsoft.jpg?w=738

“A cyber-attack that has hit 150 countries since Friday should be treated by governments around the world as a “wake-up call”, Microsoft says. It blamed governments for storing data on software vulnerabilities which could then be accessed by hackers. It says the latest virus exploits a flaw in Microsoft Windows identified by, and stolen from, […]

Log in, look out: Cyberattack havoc may grow at week’s start

“An unprecedented ‘‘ransomware’’ cyberattack that has already hit tens of thousands of victims in 150 countries could wreak greater havoc as more malicious variations appear and people return to their desks Monday and power up computers at the start of the workweek. As a loose global network of cybersecurity experts fought a rearguard battle against […]

Global Cyberattack Reaches ‘Unprecedented’ Scale

More than 150 countries have been hit by the coordinated hack, with some of the world’s largest institutions still struggling to recover. Friday’s global cyberattack on businesses, universities, and health systems has reached new size, with large institutions and security experts hurrying to address a breach that has now affected more than 150 countries. The […]