Weekly Cyber Risk Roundup: DDoS Attacks Disrupt Services and SEC Probes Yahoo

A series of distributed denial-of-service (DDoS) attacks against financial institutions led to customers of Lloyds Banking Group experiencing intermittent outages over a 48-hour period and was the top trending cybercrime event over the past week. The Guardian reported that the attacks hit Lloyds, Halifax and Bank of Scotland from January 11 to January 13. IBTimes… Read More

Weekly Cyber Risk Roundup: Ransomware Disrupts Organizations and Massive Data Leaks

Extortion is once again the top trending cybercrime issue as concern continues around the theft, destruction and blackmail related to thousands of insecure MongoDB, Elasticsearch, CouchDB and Hadoop Distributed File System installations. While those stories led much of the past week’s discussion, there was also a steady stream of reports of organizations being infected with… Read More

2017 Cyber Forecast: Threat Intel Will Play Major Role in Helping Organizations Manage Risk

There are a lot of cybersecurity trends to reflect on as we kick off the new year — the growth of ransomware and extortion, the emergence IoT-powered botnets, the evolving cybercriminal landscape — but I believe the biggest risk trend to watch in 2017 may revolve around how organizations react to dealing with those new… Read More

Weekly Cyber Risk Roundup: More Extortion and Marijuana Retailers’ Woes

Extortion continues to dominate the cybercrime headlines in 2017 with the week’s top two trending targets being the successful ransom at Los Angeles Valley College and continued extortion attempts around MongoDB databases. It was less than a year ago that Hollywood Presbyterian Medical Center became a national news story by paying a $17,000 ransomware demand… Read More

Organizations Struggle with Third Party and Supply Chain Cybercrime, Says New Report

The past year saw organizations struggle with third-party issues as malicious actors shifted their tactics towards weak points in the supply chain and exploited the interconnected nature of cybercrime, according to a new report from SurfWatch Labs. “One of the most telling statistics in all of SurfWatch Labs’ evaluated cyber threat data is the rise of… Read More

Weekly Cyber Risk Roundup: Russian Hacking and New Extortion Campaigns

This week’s top trending cybercrime story is a hack that wasn’t: Vermont’s Burlington Electric Department. A December 30 Washington Post story falsely claimed that Russian threat actors had penetrated the U.S. power grid via the Vermont utility. That story has since been widely debunked, as the alleged international hacking incident was set off by a… Read More

2017 Cyber Forecast: The IoT Problem is Going to Get Worse

The new year is underway, and one of the biggest causes of concern carrying over into 2017 is the threat posed by the growing number of compromised Internet-of-Things (IoT) devices. As I stated in my previous cyber forecast blog on extortion, I prefer to base my “predictions” around actual intelligence and verifiable data. IoT-related security… Read More