CyberGate IT

Destruction of service: How ransomware attacks have changed

The latest wave of ransomware attacks, including WannaCry, Petya and NotPetya, show not only an increase in sophistication of these types of attack, but also a change in motivation. Although NotPetya is ostensibly a ransomware variant, the threat actors appeared to have no interest in making money, and were more concerned about damaging companies by … Read more

THE BIGGEST CYBERSECURITY DISASTERS OF 2017 SO FAR

The first six months of 2017 have seen an inordinate number of cybersecurity meltdowns. And they weren’t just your standard corporate breaches. It’s only July, and already there’s been viral, state-sponsored ransomware, leaks of spy tools from US intelligence agencies, and full-on campaign hacking. And that’s just the beginning. Let this recap of 2017’s biggest … Read more

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 … Read more

FedEx Reports Material Financial Impact From Last Month’s ‘Petya’ Cyber Attack

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“FedEx Corp. announced that it expects to see a material financial impact from the ‘Petya’ cyber attack that crippled the computer systems of its European arm TNT Express, which FedEx acquired in May 2016. The company made the announcement in its SEC 10K filing. FedEx said that all of its other computer operations were unaffected … Read more

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 … Read more