ESET predicts: Ransomware and fileless malware to present increased threat in 2021

After a year in which the COVID-19 pandemic upended the way we live, work and socialize, we are likely to see an increased threat from ransomware and fileless malware in 2021, according to the latest trends report from ESET. Cybersecurity Trends 2021: Staying secure in uncertain times explores the predictions of experts from the global cybersecurity firm, revealing … More ESET predicts: Ransomware and fileless malware to present increased threat in 2021

US gov’t warns against paying off ransomware attackers

Companies facilitating ransomware payments run the risk of facing stern penalties for violating US regulations. The COVID-19 pandemic has been accompanied by a surge in ransomware attacks targeting the computer systems of organizations in various industries, with an increasing number of victims opting to pay the ransom in an effort to resume operations as soon as possible. … More US gov’t warns against paying off ransomware attackers

UK University suffers cyberattack, ransomware gang claims responsibility

The cyber incident has taken most of Newcastle University’s systems offline and officials estimates it will take weeks to recover.  While students are slowly preparing to return to their universities and colleges after a prolonged absence due to the Covid-19 pandemic, Newcastle University in England has been left reeling from a cybersecurity incident that has affected almost all its systems.  The university first became … More UK University suffers cyberattack, ransomware gang claims responsibility

Small and medium‑sized businesses: Big targets for ransomware attacks

Why are SMBs a target for ransomware-wielding gangs and what can they do to protect themselves against cyber-extortion? According to the World Bank, small and medium-sized businesses (SMBs) play a huge role in most economies, accounting for 90% of businesses worldwide and representing over 50% of employment. These are businesses that range from family-owned restaurants, through … More Small and medium‑sized businesses: Big targets for ransomware attacks

Argentine telecom company hit by major ransomware attack

Telecom Argentina says it has contained the attack and regained access to its systems without paying up. Telecom Argentina, one of the country’s largest Internet Service Providers (ISPs), has suffered a major ransomware attack, according to a local report. The cybercriminals behind the attack demanded US$7.5 million in Monero cryptocurrency to unlock the encrypted files, but … More Argentine telecom company hit by major ransomware attack