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RANSOMWARE THREATENS TO SHUT DOWN ONLINE LEARNING – AT ENORMOUS COSTS

Universities have become a popular target for ransomware attacks, so much so that earlier this year, three universities fell victim to a ransomware attack in the same week. With the urgency of shifting to online learning, many education institutions have found themselves extremely ill prepared in the face of cyber attacks. Distance learning has massively opened up a huge attack surface - we are using unhardened collaboration applications like Zoom and at the same time, machines are now remote, removing control over updating and patching from the organization, says Andrew Homer, vice president of security strategy at Morphisec. Yet cybercriminals aren’t getting any slower at deploying attacks, and higher education has become one of the most targeted industries for ransomware attacks over the last few years.

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Getting Phished by a Prestigious University? New Attack Campaigns Use a Clever Trick

2020 has been a crazy year for everyone – including higher education institutions. While the world scrambled to keep health care systems afloat AND hold on to flailing economies over the summer, universities and colleges dealt with a different challenge – taking an extremely social experience, the education system, and putting it online. There’s no doubt that online learning saves facility expenses and time, but it has made Higher Ed institutions – and their students and staff – much more vulnerable to cyber attacks. University systems and networks need to be accessible to students from home, and in a time when online study life and online personal life merge, students may very well be putting the institution’s systems at risk as well.

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United Health Systems: All US Sites Impacted in Ransomware Attack

Last week, Universal Health Services, confirmed that the ransomware attack on their networks on September 27th affected computers at all of their US care sites and hospitals. The ransomware that hit UHS, one of the largest health systems in the US, is the infamous Ryuk, which has been wreaking havoc in targeted ransomware attacks since 2018. During the attack, the Ryuk began shut down systems in the emergency department, as well as additional systems causing some ambulances had to be diverted, and lab test results became delayed. Technicians at some UHS-owned facilities described reverting to pen-and-paper during the attack.

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Coffee Machine Hacked – and THIS IS Just The Beginning

The alarming concept of IoT cyber attacks sends us straight to a dystopic vision of crashing automatic cars, and smart elevators stuck in place with evil music playing in the background. Looming over the excitement for next generation technology is a cloud of worry about the cyber implications of connecting everyday devices to the internet. While we’re sure that a hospital whose critical scanning machines are being held captive by ransomware will pay up, we don’t tend to stop and think about our small day-to-day actions that may be affected as well. If your printer was held hostage by ransomware before a critical meeting, and you had to pay $100 to free it – would you?

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UPGRADE YOUR SECURITY WITHOUT BREAKING THE BANK

Small-medium businesses are on the bullseye for cyber attacks, with businesses being attacked and compromised on an hourly basis, yet many SMBs don’t seem to be worried at all. 63% of small-medium businesses experienced a data breach in 2019, as reported in a study by Keeper Security and the Ponemon Institute. Yet the same study found that 60% of SMB owners think their businesses aren’t a likely target for a cyber attack. These numbers don’t add up, and something about these business owners’ laid back attitude just doesn’t make sense – SMB recovery from a cyber attack is estimated to cost around $200,000, and can easily reach millions depending on the extent of the damage (and in case of ransomware – how big the ransom price is). In fact, a study by BullGuard found that over forty percent of SMBs do not have cybersecurity defense plans whatsoever.

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Thousands of Magento Online Stores Hacked

Many online merchants use Magento, a leading digital commerce platform, to host their online store. Last week, thousands of these merchants found themselves under attack. This massive, automated campaign dubbed “Cardbleed” by Sansec, because of its ability to steal credit card information from online store customers, is the largest of its kind to date.

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Using Threat Intelligence for Proactive Threat Protection

With ransomware and cyber-attack chaos these days, we find ourselves focusing on the rapid appearance of new and upcoming threats. Every day is a day of new threats, new attack headlines, and new worries. But, it’s important to keep in mind that with so many new attacks come so many researchers and organizations whose goal is to collect and update as much information as possible regarding these new threats. Security service providers, researchers, and security communities collect and publish a plethora of updated, actionable threat intelligence at every given moment. The big question is – how to make all that extremely useful (yet extremely scattered) intelligence actionable, and how to automatically integrate it on to your security solutions and devices.

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Covid-19’s Lasting Impact on Cybersecurity

2020 has been quite a year. The global Covid-19 pandemic changed up the rules of most peoples’ daily lives, taking a big toll on individuals, businesses and organizations. During this time, cyber attackers were quick to jump on the exploitation wagon, taking advantage of the chaos and changes in work and activity patterns to deploy attacks, steal information and cash in on victims. Large firms such as Deloitte have seen a spike in cyber-attacks during the Coronavirus pandemic such as Covid-themed phishing, malspam, and ransomware attacks.

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RANSOMWARE NEWS JUST KEEPS ON COMING

Less than three weeks have passed since we released our ransomware-themed newsletter to our subscribers, and we’ve already come across endless new headlines about big-name ransomware attacks. And we all know - when the attacks are big, the ransom prices are high!

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Analysis: New Android Malware Steals Victim Data From 300+ Apps

 

A new android malware strain was uncovered in May, boasting the ability to steal data from 337 applications, including passwords and credit card information. Among these apps are some of the most highly-used applications on any android phone, such as Netflix, Gmail, Amazon, Uber, and more.

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