5 ways cybercriminals can try to extort you

What are some common strategies cybercriminals employ in extortion schemes and how can you mitigate the chances of falling victim to a cyber-shakedown? When it comes to coercing people into parting with their money, cybercriminals seem to have an endless bag of tricks to choose from. There are some tricks, that they favor more than others, … More 5 ways cybercriminals can try to extort you

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

DDoS extortion campaign targets financial firms, retailers

The extortionists attempt to scare the targets into paying by claiming to represent some of the world’s most notorious APT groups. Over the last few weeks, a cybercrime group has been extorting various organizations all over the world by threatening to launch distributed denial-of-service (DDoS) attacks against them unless they pay thousands of dollars in Bitcoin. The … More DDoS extortion campaign targets financial firms, retailers

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