The state of ransomware: national emergencies and million-dollar blackmail

Banks have been “disproportionately affected” by a surge in ransomware attacks, clocking a 1,318% increase year-on-year in 2021. Ransomware has become one of the most well-known and prevalent threats against the enterprise today. This year alone, we have seen high-profile Read More …

Cloudflare says it stopped the largest DDoS attack ever reported

Cloudflare said it’s system managed to stop the largest reported DDoS attack in July, explaining in a blog post that the attack was 17.2 million requests-per-second, three times larger than any previous one they recorded. Cloudflare’s Omer Yoachimik explained in Read More …

Pakistan: Neglect caused Federal Board of Revenue cyber-attack

Despite knowing that its information technology equipment is obsolete and some of its software is outdated, the Federal Board of Revenue (FBR) did not make any serious effort to upgrade them, which resulted into hacking of the data centres. The Read More …

FIN7’s Liquor Lure Compromises Law Firm with Backdoor

Financial cybercrime gang FIN7 has rebounded after the jailing of some key members, launching a campaign that uses as a lure a legal complaint involving the liquor company that owns Jack Daniels whiskey. The gambit successfully compromised at least one Read More …

Cybercriminals took advantage of WFH to target financial services companies, says Financial Stability Board report

Criminals targeted security gaps at financial services firms as their staff moved to working from home, according to a report issued by the Financial Stability Board (FSB) on Tuesday. Established after the G20 London summit in April 2009, the FSB Read More …