Tag Archive for: increase

Increase in ransomware attacks on IOM businesses

/in


The government is urging organisations hit by ransomware attacks not to make payments to criminals.

The Office of Cyber Security and Information Assurance says there’s been an increase in attacks on Island businesses, with 6 reported this year, though it’s estimated to be higher.

Government will not agree to ransom or demands made by terrorists or criminals and asks residents and businesses to take the same stance.

Anyone hit by a ransomware attack should contact OCSIA on 01624 685557.
 

Source…

Russian hacking groups increase cyber attacks on Ukraine

/in


Credit: Dreamstime

Hacking groups closely linked to the Russian government have made nearly 40 destructive attacks against hundreds of Ukrainian targets since the start of the invasion, according to a report issued by Microsoft.

The attacks have been largely, but not exclusively, targeted at Ukrainian government institutions, and Microsoft’s report noted that these attacks have had damaging effects on the country’s economy and civilian population, in addition to Ukraine’s government and military.

Operating under the apparent direction of three main groups — the GRU military intelligence service, SVR interior ministry and FSB security service — Russian-backed hackers undertook a huge range of offensive cyber operations against Ukraine, ranging from phishing campaigns and misinformation to data theft and the destruction of critical systems, Microsoft said.

Energy infrastructure has been a particular target of the hackers, according to Microsoft, which noted that nuclear safety organisations and regional energy providers have been targeted by data theft and system destruction attacks. 

But the energy sector is far from the only one in the hackers’ sights, as media organisations, logistics providers and even, in one case, an agricultural firm were compromised.

Pace of cyber attacks expected to quicken

Source…

North Korea Becoming Cryptocurrency-Hacking Central As Cyber Crimes Increase

/in


This article was written exclusively for Investing.com

  • Hacking a considerable crypto risk; remember Mount Gox?
  • Security and custody go hand-in-hand
  • North Korea, Russia, China, and Iran are allied and lead the world in hacking
  • Crypto crime is a profitable business
  • Economic war should increase risks over the coming months and years

Hacking, which involves gaining unauthorized access to data in a computer system or individual unit, is used to exploit weaknesses in computer systems or networks, either to harm organizations or governments or to steal online assets.

In 2021, a hack impacted the Colonial Pipeline system in Houston, Texas. The system carries gasoline and jet fuel primarily to the Southeastern US. The ransomware cyberattacks caused a shutdown of the computerized equipment that manages the pipeline. Colonial had to pay the hackers, affiliated with a Russia-linked cybercrime group, DarkSide, a $4.4 million ransom.

Another cyberattack that year affected JBS SA (OTC:), a Brazil-based meat processing company, disabling its beef and pork slaughterhouses. The attack impacted the US, Canadian, and Australian facilities, causing JBS to pay an $11 million ransom.

Though neither crime, above, had any impact on the cryptocurrency asset class, security and custody remain significant issues for cryptocurrencies, which because they’re both created and exist online make them susceptible to cyberattacks by hackers looking to steal valuable tokens.

Hacking a considerable crypto risk; remember Mount Gox?

In 2010, was trading at five cents per token; by the end of that year, the price had risen to 29 cents. A year later, on Dec. 31, 2011, the first and leading cryptocurrency rose to $4.19 and kept accelerating. By the end of 2012, it was trading at $13.44 per token and rising fast, so much, so that at the end of 2013, the price had closed at $764.27.

During the same period, Mount Gox, a Tokyo-based cryptocurrency exchange, handled more than 70% of Bitcoin transactions at their peak. During those early days, for cryptocurrencies, Mt. Gox’s prominence made it a prime target for computer hackers, causing more than a few security problems for the exchange.

In 2011, hackers used stolen credentials to…

Source…

Cyber Crimes In India Witness 572% Increase In Last 3 Years! 14 Lakh Cases In 2021 Recorded By Govt

/in


Cyber Crimes In India Witness 572% Increase In Last 3 Years! 14 Lakh Cases In 2021 Recorded By Govt – Trak.in – Indian Business of Tech, Mobile & Startups

Source…