ransomware attack News

Ransomware Attack on Aluminium Producer Norsk Hydro Is Similar to Other Breaches

Norsk Hydro ASA confirmed that a ransomware attack was behind production outages across the aluminum producer’s operations in Europe and the U.S. The perpetrators are still unknown but the work is similar to other recent breaches. The Norwegian company, one …

Update: Cyber Attack at Aluminium Producer Norsk Hydro Causes Production Outages

Norsk Hydro ASA, one of the world’s biggest aluminum producers, suffered production outages after a cyber attack affected operations across Europe and the U.S. The company said it was still working to contain the effects of the ransomware, a kind …

Real Life Examples Show Why Businesses Must Boost Their Cyber Defenses

When cyber thieves attacked Empire Industries’ computer network, technology manager Rich Shemanskis could see files in the process of being infected by malicious software. “We were looking at the network, and I noticed it, and another guy noticed it. We’re …

Singapore Data Leak of Records of 14,200 HIV Patients Blamed on U.S. Citizen

Records of as many as 14,200 people with HIV and their 2,400 contacts have been “illegally disclosed online”, Singapore’s health ministry said in a statement, marking the second cyber attack the city-state has suffered in a year. The HIV-registry data …

Global Malware Attack Could Cost Insurers $27 Billion

A coordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion, a hypothetical scenario developed as a stress test for risk management showed. Insurance claims after such an attack would range …

Hiscox Stages Cyber Attack to Show Small Businesses What It’s Like to Be Hacked

Hiscox, a specialist in small business and cyber insurance, recently staged a “real world” hack to demonstrate what a cyber attack would look like for small businesses. The insurer collaborated with UK bike manufacturer Brompton Bicycle, constructing overnight a complete …

U.S. Charges North Korean Hacker for WannaCry and Sony Cyber Attacks

The U.S. government on Thursday charged and sanctioned a North Korean man in the 2017 global WannaCry ransomware cyberattack and the 2014 cyber assault on Sony Corp , U.S. officials said. The charges, part of a strategy by the U.S. …

Cyber Attacks Pose Biggest Threat to Swiss Financial System: Regulator

Cyber attacks pose the biggest threat to the Swiss financial system with risks from hacking incursions on the rise, watchdog FINMA warned on Tuesday, calling on Switzerland to step up its national defenses against the menace. “The risks connected with …

Mastermind Behind ATM Malware Attacks Arrested in Spain

The mastermind behind malware attacks that programmed ATMs to spit out cash on demand and caused more than 1 billion euros ($1.2 billion) of losses, has been arrested in Spain. The leader of a criminal gang that carried out the …

What Cyber Insurance Industry Learned from 2017 Hacks

The NotPetya, WannaCry and Equifax hacks of last year were evidence that the U.S. insurance industry has been ill-prepared to handle a large cyber attack and needs to up its game. However, as a consequence of the attacks in 2017, …