Ransomware Damage Costs Projected at $11.5B in 2019

Ransomware Damages Projected to Skyrocket With 2017 coming to an end, the final ransomware damages are being released.  This year alone, ransomware damages are projected to total $5 billion.  This includes not only the ransom demands paid, but also the company downtime, remediation efforts, loss in productivity, investigation costs and reputation damages.  One would almost […]

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Phishing Impacts Victims Far More Than Breaches

Study Reveals Phishing Victims Found to Lose More Than Breach Victims Google conducted a yearlong study regarding the impacts of data breaches compared to phishing scams.  The study found only 7% of individuals whose data was exposed due to a security breach, were still using the same password.  Therefore, although the data was breached, cyber criminals […]

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New Bill Proposed to Address Cyber Threats in Medical Industry

In 2017, there have been over 20 medical facilities that were infected with ransomware.  It remains uncertain how many of these facilities paid the ransom demands; however, each and every one of them reported issues with patient care due to the ransomware infection.  These issues range from the inability to access patient records, to turning […]

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44% of Federal Devices Remain Unprotected

It’s Crunch Time to Protect Federal Devices A recent study revealed 44% of federal devices are not properly protected against cyber security threats.  As if this isn’t concerning enough, devices are being interconnected more than ever.  Therefore, these unprotected endpoints can serve as a gateway to infect an entire system or network.  To ensure proper […]

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96% of Employees and Businesses Paid Ransom Demands

Majority of Employees Personally Pay Ransom Demands In a survey completed by Intermedia, it was found that a vast majority of employees paid up after being hit with ransomware.  Ransomware is a malicious software that infiltrates devices, servers, and networks which encrypts data.  After encryption a ransom note will be displayed, stating in order to […]

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Latest Ransomware, Bad Rabbit, Takes the World by Storm

Third Global Ransomware Attack of 2017 First, there was WannaCry, which hit the globe in mid-May.  Second, came NotPetya in June.  Third, was the latest global ransomware attack, Bad Rabbit.  This ransomware variant is believed to originate in Russia.  However, it quickly spread throughout Ukraine, targeting various transportation systems.  Avast also reported infections in Poland, […]

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Ransomware Demand Increases 2500%

Ransomware Sales Exploding on the Dark Web According to International Business Times (IBT), a new study was released confirming a significant rise in demand for the malicious software, ransomware.  The study showed 6,300 websites offering ransomware, with an additional 45,000 ads promoting the malicious software.  The price points ranged from $0.50 to $3,000.  The large […]

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Reports Claim Kaspersky Knowingly Played Role in NSA Hack

More Breaking News – Kaspersky Labs Knew of NSA Breach Role? In 2015 a government contractor placed confidential, NSA data on his personal computer.  This computer was using the Russian-based security solution, Kaspersky Labs.  Allegations have been surrounding Kaspersky Labs, regarding inappropriate ties to the Russian government, as well as collusion with the hackers who […]

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Kremlin Hackers Use Kaspersky Antivirus to Obtain NSA Data

New Developments Explain How Russia Obtained NSA’s Internal Details – And Guess Who’s in the Middle?? In 2015, the National Security Agency (NSA) suffered a data breach, that went undetected until early spring of 2016.  The breach was direct aftermath of a contractor transferring highly classified information to his home PC.  The hackers, who were […]

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Locky Ransomware Returns as Ykcol

Locky Encrypts Files Leaving a .Ykcol Extension A new Locky variant has been released into the wild and upon initial review it led researchers to a believe it was a new strain entirely, called Ykcol.  However, after additional review, experts have confirmed Ykcol is another version of Locky. The email subject line has been confirmed […]

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What is an Advanced Persistent Threat (APT)?

In the anti-malware world, you may hear the term APT which is short for Advanced Persistent Threat. It sounds like a complicated buzzword. What is it really? Before we start talking about what an “advanced” persistent threat is, let’s just start with a plain ol’ persistent threat. In computer science, the term “persistence” is generally […]

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Russians Allowed to Dissect Pentagon’s Security Software

Pentagon’s Security Software Source Codes Provided to Russian Defense Agency Wait, what?!  Yes, it is true.  Hewlett Packard Enterprise (HPE) allowed a Russian defense agency to dissect the source codes for the security software used by the U.S. military.  The HPE program, deemed ArcSight, alerts analysts when there are concerns computer systems are under attack.  […]

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U.S. Government Ordered Federal Agencies to Remove Kaspersky From All Devices

Federal Agencies Have 90 Days to Remove Kaspersky Labs Products Moscow-based security company, Kaspersky Labs, has been in hot water this year.  With the U.S. investigating potential ties between the company and the Russian government, several entities have abandon the use of the popular antivirus.  First, the U.S. government removed Kaspersky from all military devices. […]

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No. 1 U.S. Electronics Retailer Drops Kaspersky Products

Best Buy No Longer Selling Kaspersky Best Buy, the largest electronic retailer in America, has removed the Russian-based security solution, Kaspersky Labs, from its shelves.  The decision to cut the security program from their product line comes shortly after the FBI urged private sector companies to discontinue the use of Kaspersky on their devices. Both […]

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Concerns Raised – Was Cyber Attack the Cause for USS McCain Collision?

What Caused the USS John S. McCain Collision? With the collision of the USS John S. McCain naval ship into an oil tanker near Singapore, questions arose regarding what caused the incident.  Initial reports were a steering failure; however, additional factors were later released.   Reports began to surface of a potential cyber attack, which […]

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Patients Rerouted After Unknown Malware Cripples Hospital

NHS Lanarkshire Infected with Malware — Again The NHS Lanarkshire hospital, located in Scotland was the victim of yet another ransomware attack.  The malware variant that infected the system is reported to be different than the WannaCry ransomware that infiltrated the system in May.  The attack took down the facility’s email systems and left staff […]

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White House Confirms – Kaspersky Tied to Russian Government

Kaspersky Ties to Russian FSB Revealed Kaspersky Labs, the Moscow-based security provider, has adamatly denied any ties to the Russian government.  However, CBS News recently confirmed a certificate has surfaced confirming a relationship between the security firm and the Russian Federal Security Service (FSB).  This certificate confirms the U.S. government’s concerns of ties between the […]

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FBI Urges Private Sector Companies — Remove Kaspersky Labs Now!

FBI Wants Companies to Drop Kaspersky Labs Like a Bad Habit FBI officials are encouraging private sector companies to cease the use of Kaspersky Labs products immediately.  Kaspersky Labs, a Russian-based security solution provider, has been under scrutiny recently due to concerns regarding alleged ties between the company and the Russian government.  As a computer […]

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Malware Bypasses Antivirus Programs Through PowerPoint Vulnerability

Malware Exploits Microsoft PowerPoint Vulnerability A new malware campaign has been sent into the wild, and most security programs are not detecting it.  Remcos, the malware variant, is bypassing detection by exploiting a Microsoft PowerPoint vulnerability.  Remcos is hidden within a malicious attachment that is being distributed via email.  The email is disguised as an […]

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Kaspersky and Microsoft Settle Antitrust Complaint

Just months ago, Russian-based cyber security company, Kaspersky filed an antitrust complaint with Russia’s Federal Anti-Monopoly Services (FAS).  The complaint was centered around the concern of Microsoft using their market share in the PC industry to push end-users to Microsoft’s security program, Windows Defender.  A specific issue sited included Microsoft blocking third-party security vendors from […]

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Application Whitelisting — Is it too extreme?

Whitelisting – Is it worth the work? Recently, Information Week reported application whitelisting as an “extreme” method for preventing malware.  Is it extreme?  It very well could be.  Application whitelisting goes against the very core of traditional security programs.  Instead of using a blacklist, which allows unknown files to execute until proven malicious, a whitelist […]

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Cerber Ransomware Expands It’s Corruption Power

Cerber is now draining bitcoin wallets, on top of encrypting files Cerber, a ransomware variant that has been notorious for making alterations to its malware to worsen the impact, has done it again.  Now the ransomware variant is targeting bitcoin wallets.  Once infected with Cerber, the malware will search the user’s device for different files […]

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And You Thought WannaCry and NotPetya Were Bad…

Money Wasn’t Their End-Game… Combined, WannaCry and NotPetya, the two global attacks that hit the world in the last 90 days, received payouts of approximately $150,000 USD.  To some it may sound like a lot – but to cyber criminals, that’s nothing.  WannaCry and NotPetya were not in corrupting company data with the end goal […]

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Canadian Firm Pays $425K in Ransom Demands

Cyber Criminals Take Down Canadian Company Last weekend, and unnamed Canadian firm was hit with ransomware.  IT World Canada reported, the ransomware was able to infiltrate the system by worming its way through vulnerabilities found in the company’s Windows operating system.  The malicious software took down the company’s databases and wiped out all of their […]

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If Congress Gets Their Way – It’ll be Goodbye to Kaspersky Labs

U.S. Government Using Kaspersky Labs As early as 2008, Russian-based antivirus company, Kaspersky Labs, has been used on U.S. government devices.  However, with the rising concern of ties between Kaspersky Labs and the Russian government, the United States Congress is taking major steps to prevent the use of Kaspersky on government devices.  In May of […]

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Petya Creators Reveals Themselves to Confirm Latest Attack Was Not Petya

Ransomware Creator Verifies, Latest Global Attack was not Petya This week, another global attack hit the world.  Initial reports claimed the attack was a version of the Petya ransomware.  However, after further investigation, it was determined the global attack was not Petya.  It wasn’t even ransomware.  The malware variant spread throughout the attack, deemed NotPetya, […]

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The Next Global Cyber Weapon Has Been Released

WannaCry ransomware hit the globe just over 30 days ago.  It was predicted, another global ransomware attack would take place sooner or later.  However, who would’ve thought instead of ransomware, it would be complete cyber warfare? NotPetya Spreads Around the World Initial reports of NotPetya, had researchers believing it was a variation of Petya, a […]

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Backups Smackups, Prevention is the Real Key

Why Backing Up Your Data Won’t Work Let’s be honest, backing up your data is important.  Maybe more so for some users than others, but important nonetheless.  However, backups are not the golden ticket when it comes to restoring data after a malware attack.  Although they could be useful in restoring your files after a […]

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Microsoft Database Leaks Unknown Number of Source Codes

Database Breached – Leaving Microsoft Source Codes Exposed Microsoft recently confirmed an unknown number of source codes were leaked onto a repository named BetaArchive.  Exposing the source codes would allow hackers to find vulnerabilities in some of Microsoft’s most trusted pieces of its operating system.  Gizmodo reports, “The Register claimed the data dump was 32 […]

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Victim Pays $1M in Ransom After 153 Linux Servers Became Infected

Linux is not immune — 153 infections leading to 3,400 websites down The largest ransomware payout in history is taking place at this very moment.  Nayana, a web hosting company located in South Korea, was hit with ransomware on June 10th.  The ransomware variant, Erebus, successfully infiltrated 153 Linux servers, allowing the cyber criminals access […]

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Infographic: Blacklist Vs. Whitelist with Fileless Malware Detection

Blacklist or Whitelist?  Which Keeps Your Data Safer? Most of the security products on the market rely on a blacklist approach to detect and prevent malware.  But is it effective?  An alternative approach, application whitelisting, is also available.  However, which is better for you?  Follow the infographic below to learn more about the difference between […]

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Is Microsoft Ruining Software Companies Lives?

Does Kaspersky Have a Point? Last week an article was written regarding Kaspersky filing an antitrust complaint to the European Union, targeting Microsoft.  Kaspersky claimed Microsoft has put up various road blocks for third-party anti-virus (AV) companies, making it impossible to stay on a level playing field. The article published last week generated a large […]

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Zero-Day Attacks: What They Are & How to Stay Protected

What’s a Zero Day Attack? One of PC Pitstop’s contributors, Leo Notenboom from Ask Leo!, recently wrote a post on what a zero-day attack is.  Leo went into great detail explaining this exploitation methodology.  The short version is, a zero-day attack occurs when cyber criminals exploit a software vulnerability that is not publicly known.  The term zero-day comes […]

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The Top 10 Ransomware Myths Busted

Ransomware has become a popular topic over the last month.  The increased awareness to this growing cyber threat can likely be attributed to the WannaCry ransomware attack that hit worldwide in mid-May.  However, there are still several misconceptions regarding this form of malware. Top 10 Ransomware Myths Ransomware is just a virus. False – Ransomware […]

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Kaspersky Targets Microsoft in Complaint to European Union

Antitrust Complaint Filed Against Microsoft Kaspersky has filed a complaint with the European Union (EU) against Microsoft.  The complaint claims Microsoft is putting up road blocks up against security companies from having the ability to compete on a level playing field.  According to Bloomberg, Kaspersky believes Microsoft is driving up the cost of third-party security […]

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PSA: Two Scams Feed From WannaCry Frenzy

Security Scams Increase After WannaCry Outbreak WannaCry is a ransomware variant that hit the globe mid-May causing an IT disaster for major businesses worldwide.  The WannaCry infection was likely the most publicized ransomware attack to date.  Due to the high publicity, public awareness of cyber treats increased.  However, it also invoked fear into many.  This […]

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