- 7th Edition Connected Banking Summit East Africa – Innovation & Excellence Awards 2023 Concludes with Resounding Success
March 13, 2023
The Summit brought together the best and brightest minds in the banking, financial services, fintechs and techfin sectors. The event, which took place on 7th March 2023, featured insightful speakers, award-winning companies, and top-notch sponsors. Attendees were treated to a range of informative sessions, covering topics such as digital transformation, cybersecurity, and risk management. The keynote ...
- Cyprus: Land registry website problems due to ‘cyber attack’
March 12, 2023
After a “thorough evaluation of all data”, the land registry department on Sunday said the technical problem that saw it go offline since Wednesday was due to a “cyber attack” The department said that due to the nature of the problem and the size of the systems, they will be gradually restored, starting with the restoration ...
- “Massive” cyber attack crashes African Union’s system
March 11, 2023
Cyber attackers prey on the African Union (AU), resulting in the unscheduled suspension of its systems. The Reporter got a copy of an internal memo that said an attack on the AU data center started last week, making services and applications unavailable. Sources say that more than 200 corrupted devices have been found and are being ...
- What happens if you ‘cover up’ a ransomware infection? For Blackbaud, a $3m charge
March 10, 2023
Blackbaud has agreed to pay $3 million to settle charges that it made misleading disclosures about a 2020 ransomware infection in which crooks stole more than a million files on around 13,000 of the cloud software slinger’s customers. According to America’s financial watchdog, the SEC, Blackbaud will cough up the cash – without admitting or denying ...
- Canada: Cyber attack hits engineering giant with contracts for military bases, power plants
March 9, 2023
A Canadian engineering giant whose work involves critical military, power and transportation infrastructure across the country has been hit with a ransomware attack. Toronto-based Black & McDonald has so far refused to publicly comment on the cyberattack, while the Department of National Defence and other clients of the company have downplayed any impact or damage. Read more… Source: ...
- IceFire ransomware now encrypts both Linux and Windows systems
March 9, 2023
Threat actors linked to the IceFire ransomware operation now actively target Linux systems worldwide with a new dedicated encryptor. SentinelLabs security researchers found that the gang has breached the networks of several media and entertainment organizations around the world in recent weeks, starting mid-February, according to a report shared in advance with BleepingComputer. Read more… Source: Bleeping Computer
- Significant hack potentially exposes US lawmakers’ personal data
March 9, 2023
A serious breach at a healthcare administrator serving the U.S. House of Representatives has potentially exposed the personal data of hundreds of lawmakers and their staff, top representatives and a senior Congressional official said in letters circulated on Wednesday. One of the letters, which the House’s Chief Administrative Officer Catherine Szpindor (CAO) sent to members of ...
- Suspected Chinese cyber spies target unpatched SonicWall devices
March 9, 2023
Suspected Chinese cyber criminals have zeroed in on unpatched SonicWall gateways and are infecting the devices with credential-stealing malware that persists through firmware upgrades, according to Mandiant. The spyware targets the SonicWall Secure Mobile Access (SMA) 100 Series – a gateway device that provides VPN access to remote users. Read more… Source: The Register
- Examining Ransomware Payments From a Data-Science Lens
March 9, 2023
Ransomware has come a long way since the Internet’s pre-cryptocurrency days. The advent of cryptocurrency was an important turning point in the evolution of this cyberthreat, as malicious actors are now no longer confined to available local or regional payment options when collecting ransom payments. The operation costs and monetization models of a ransomware group can be ...
- ECB: The Quick and the Dead – building up cyber resilience in the financial sector
March 8, 2023
The proliferation of cyber threat actors combined with an increase in remote working and greater digital interconnectedness is raising the risk, frequency and severity of cyberattacks. Increasingly, cyber criminals are launching ransomware attacks and demanding payment in crypto. Cyberattacks related to geopolitical developments – Russia’s aggression against Ukraine in particular – have also become a more common ...