Tag: cyber crime

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US, Russia and China don’t pledge to fight cybercrime
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Ransomware, get your ransomware here, and you too can share in the profits!
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Step right up and get your malware – no skill required, prices start at $20!
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2018 Trends in Cyber-crimes so far…
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Cyber-attack on Bristol Airport – Ransomware leaving travellers in the dark about their flights!
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Study reveals massive cost of cybercrime for Asia Pacific businesses
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Russian-backed hacking targets Australian businesses
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A New Type of Cyberattack: AI-Powered Cyberattacks
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Impact of Cyberattack on Merck was $135 million
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Update everything: Discovery of Wi-Fi flaw in connected devices

US, Russia and China don’t pledge to fight cybercrime

By Cameron Abbott and Wendy Mansell

Fifty countries including Japan, Canada and many EU nations have come together with over 150 tech companies, pledging to fight against cybercrime. United State’s tech giants such as Facebook, Google and Microsoft have also joined the party.

The United States, Russia and China however have decided not to sign on. Each has no doubt very different reasons for this – the disappointment is mostly directed to the US. However it is a shame that Russia and China did not also feel the weight of the international community pressure to accept these principles.

The effort to combat cybercrime is being led by France, with French President Emmanuel Macron claiming that it is urgent that the internet is better regulated.

The countries and companies involved are fighting against illegal online activity like censorship, cyber interference in elections, hate speech and trade secrets theft.

The pledge has been made in a document titled the “Paris call for trust and security in cyberspace”.

Ransomware, get your ransomware here, and you too can share in the profits!

By Cameron Abbott and Colette Légeret

The expansion of the “service industry” into malware-as-as-service (MaaS), is not the only cyber-attack available online, Bleeping Computer found ransomware-as-a-service (RaaS), that not only uses FilesLocker malware and targets Chinese and American victims, it also offers users a sliding commission pay-scale that rises the more ransomware victims infected.

Bleeping Computer was put on the trail of this RaaS by security researcher, Neutral8✗9eR, who saw it being marketed through a Chinese malware forum on TOR.

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Step right up and get your malware – no skill required, prices start at $20!

By Cameron Abbott and Colette Légeret

It seems that the “service industry” has expanded into cyber-crime without us knowing about it as the Fortinet research team recently discovered. They came across malware-as-a-service schemes available on several Dark Web forums, with one designed as an easy-to-use point of entry for beginner Distributed Denial of Service (DDoS) attackers.

The DDoS kit disguises itself as a legitimate “booter” or “stresser” service and as it is relatively easy to set-up, almost anyone can go into the “DDoS a website for a fee” business. Some of the offerings are incredibly customisable. The research team found one such service that went operational on 17 October 2018 called “Ox-booter” which uses the Bushido botnet for its attacks. Bushido itself is relatively new, having only been identified in September 2018.

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2018 Trends in Cyber-crimes so far…

By Cameron Abbott and Colette Légeret

The first half of 2018 has been busy for cyber-criminals and cyber-security alike. According to Trend Micro, cryptocurrency mining detections have jumped 96% in this six month period compared to the total number detected in 2017.

In that same time, over 20 billion threats were blocked by Trend Micro’s Infrastructure, a few billion threats less than in the first half of 2017. Of these threats, less were “spray and pay” ransomware attacks and breaches, as cyber-criminals are flying under the radar with crypto-jacking, along with fileless, macro and small file malware techniques.

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Cyber-attack on Bristol Airport – Ransomware leaving travellers in the dark about their flights!

By Cameron Abbott and Colette Légeret

In response to a cyber-attack on the administrative systems of Bristol airport, believed to be ransomware, the airport took a number of applications down as a precautionary measure, including the application that provides flight data for flight information screens.

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Study reveals massive cost of cybercrime for Asia Pacific businesses

By Cameron Abbott and Sarah Goegan

We all know that cybersecurity incidents can cost your organisation a lot of money, but exactly how much? A report by Frost and Sullivan has found that losses from cyberattacks in the Asia Pacific region (APAC) could reach a staggering US$1.75 trillion, nearly 7 per cent of the region’s gross domestic product in 2017. As covered in our blog last week, the cost of cyber scams alone in Australia totalled $340 million AUD last year.

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Russian-backed hacking targets Australian businesses

By Cameron Abbott, Allison Wallace and Sarah Goegan

Russian hackers are accused of penetrating up to 400 Australian businesses in 2017 as part of an alleged state-sponsored cyber-espionage campaign, targeting millions of computers across the world.

The Australian government made the announcement in light of an extraordinary joint statement from the US and UK governments pointing a stern finger at Russia for sponsoring cyber-attacks on government, private organisations, critical infrastructure providers and internet services providers.

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Impact of Cyberattack on Merck was $135 million

By Cameron Abbott and Olivia Coburn

Drug and vaccine manufacturer Merck & Co Inc has quantified the impact of a cyberattack on its revenue at US$135 million. The company disclosed the figure in its third quarter earnings report.

The cyberattack occurred in June and forced Merck to halt production of its drugs.

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Update everything: Discovery of Wi-Fi flaw in connected devices

By Cameron Abbott, Rob Pulham and Olivia Coburn

A Belgian researcher has discovered a weakness in WPA-2, the security protocol used in the majority of routers and devices including computers, mobile phones and connected household appliances, to secure internet and wireless network connections.

The researcher, Mathy Vanhoef, has named the flaw KRACK, for Key Reinstallation Attack.

Any device that supports Wi-Fi is likely to be affected by KRACK, albeit devices will have different levels of vulnerability depending on their operating systems. Linux and Android are believed to be more susceptible than Windows and iOS, and devices running Android 6.0 are reportedly particularly vulnerable.

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