Tag Archive for: fright

A collage of cyber fright that businesses better fight


According to Cybersecurity Ventures, cybercrime costs are projected to reach $10.5 trillion by 2025 as levels of account takeover, new account fraud, and other types of fraud continue to rise.

The following content should be cause for great concern. If it brings a fight or flight reaction. It had better be the former.

Trickbot banking

Discovered in 2016, Trickbot’s main functionality was online banking data theft. Kaspersky said that over its five years of activity, the malware has evolved and become multi-modular ranging its activity from data theft to other malware distribution (such as Ryuk ransomware).

The malware spreads over local networks using stolen credentials and vulnerabilities, provides remote access, proxy network traffic, performs brute-force attacks, and downloads other malware.

Backup for huge savings

Acronis, a global leader in cyber protection, announced new research by VansonBourne titled “MSPs Speak: Cybersecurity and the future role of the MSP,” showing that consolidating cybersecurity, backup, and disaster recovery services produces over $229k in savings and reduces breach recovery by 5 hours, on average.

Many MSPs (Managed Service Providers) have added additional tools to their technology stack, using an average number of 4 vendors to provide cybersecurity, backup and/or disaster recovery (DR) services.

The Grief Ransomware gang, which recently made recent headlines for allegedly targeting the National Rifle Association (NRA), is now trying to amplify that news by creating dozens of fake Twitter accounts as a means of ‘promoting’ the attack to journalists and others on the platform.

Grief Ransomware Group promoting attacks 

The Grief Ransomware gang, which recently made recent headlines for allegedly targeting the National Rifle Association (NRA), is now trying to amplify that news by creating dozens of fake Twitter accounts as a means of ‘promoting’ the attack to journalists and others on the platform.

According to Sam Riddell, associate analyst, Mandiant, “We’re now seeing, for the first time, financially-motivated actors using tactics traditionally employed by information operations actors used alongside a ransomware attack.”

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