The Industrial and Commercial Bank of China’s (ICBC) U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury market on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year. According to Reuters*, ICBC Financial Services, the U.S. unit of China’s largest commercial lender by assets, … More Chinese bank in US hit by ransomware attack
The victims lost an average of nine days to downtime and two-and-a-half months to investigations, an analysis of disclosed attacks shows. An analysis of 186 successful ransomware attacks against businesses in the United States in 2020 has shown that the companies lost almost US$21 billion due to attack-induced downtime, according to technology website Comparitech. Compared to … More Ransomware cost US companies almost $21 billion in downtime in 2020
Law enforcement steps in to thwart attacks leveraging the recently-disclosed Microsoft Exchange Server vulnerabilities. The United States’ Federal Bureau of Investigation (FBI) has carried out a court-approved operation to “copy and remove” malicious web shells from hundreds of systems across the US that were compromised through the mass exploitation of zero-day flaws in Microsoft Exchange … More Authorities remove web shells from compromised Exchange servers
The bug is under active exploitation by unknown attackers and affects a wide range of devices, including iPhones, iPads and Apple Watches. Apple has released an emergency update for its iOS, iPadOS, and watchOS operating systems to patch a zero-day security flaw that is being actively exploited in the wild. The vulnerability affects multiple models … More Apple rushes to patch zero‑day flaw in iOS, iPadOS
What can municipalities do to better protect their water supply systems? We reported recently about an attack against the water supply in Oldsmar, Florida, and worry about the potential for future and copycat attacks against other lightly defended water treatment systems in small towns worldwide and what can be done to stem such incursions. In the Florida … More Protecting the water supply – hacker edition
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