No company too small for Phobos ransomware gang, indictment reveals

The US Department of Justice has charged a Russian national named Evgenii Ptitsyn with selling, operating, and distributing a ransomware variant known as “Phobos” during a four-year cybercriminal campaign that extorted at least $16 million from victims across the world. Read More …

Cyber extortion sees huge rise – and small businesses are four times more likely to be hit

Cyber extortion remains the most prominent threat facing businesses of all sizes across all industries, a new report from Orange Cyberdefense has found. The 2024 Cy-Explorer report worryingly uncovered that the number of victims of cyber extortion scams has grown Read More …

Cyber attack hits South Korean government institution, $135,000 lost

According to Korean media reports, the Institute for Startup Promotion, operating under the Ministry of SMEs and Startups, transferred 175 million won (135,000 USD) to an overseas criminal group after being tricked by a sophisticated e-mail phishing scheme. The unfortunate Read More …

Phishing Attacks Often Target Small Businesses – Here’s What to Watch for

Scammers target businesses with phishing emails all the time, pretending to be legitimate customers or vendors asking for payment. While any company can be vulnerable to this type of attack, small- to medium-size companies are particularly vulnerable because it is Read More …

Critical, Unpatched Cisco Flaw Leaves Small Business Networks Wide Open

A critical and unpatched vulnerability in the widely deployed Cisco Small Business Switch software leaves the door open to remote, unauthenticated attackers gaining full administrative control over the device – and therefore the network. Cisco Small Business Switches were developed for small Read More …

GCHQ’s cybersecurity accelerator just opened its door to nine new startups

Software designed to detect phishing emails, a platform to help developers write secure code, and a company which investigates cybercrime involving cryptocurrencies are just some of the ideas behind the startups that will join the second incarnation of GCHQ’s cyber-accelerator. Showcased at a launch Read More …

London issues call to arms to cyber security community

Cyber security community called on to help educate capital’s small businesses about cyber crime and give them practical advice London is calling on the cyber security community to help keep the city’s more than one million small businesses safe from Read More …