ransomware News

New Ransomware Strains Being Unleashed on Businesses During Pandemic

Ransomware attacks grew by nearly 50 percent in the 2020 second quarter compared to the first three months of the year, underscoring the risks created by pandemic-related work-from-home requirements, a new Coalition report has determined. On top of that trend, …

FBI Thwarts Cyber Attack on Tesla Factory

Elon Musk said on Thursday that Tesla Inc.’s factory in Nevada was a target of a “serious” cybersecurity attack, confirming a media report that claimed an employee of the company helped the Federal Bureau of Investigation (FBI) thwart the attack. …

Homeland Security Reports Ransomware Attack Shut Gas Pipeline Facility for Two Days

The U.S. Department of Homeland Security has alerted energy and other infrastructure firms to review their cybersecurity after a ransomware attack interrupted a natural gas compression facility. The attack caused the unidentified pipeline facility to lose access and visibility to …

Judge Finds Ransomware Damage to Computer a ‘Direct Physical Loss’

State Auto Property and Casualty Insurance Co. is liable for the cost of replacing a computer server that was damaged and perhaps permanently compromised by a ransomware attack despite the carrier’s argument that the business owner did not suffer a …

Travelex’s UK Money Transfer and Wire Services Operational After Ransomware Attack

Travelex’s UK international money transfer service and wire offering is fully operational again, it said on Tuesday, almost a month after a crippling ransomware attack forced staff to use pen and paper to calculate foreign currency exchanges. The cyber attack …

Forex Firm Travelex Resumes Customer-Facing Operations After Ransomware Attack

More than two weeks after a crippling ransomware attack forced Travelex staff to use pen and paper to calculate foreign currency exchanges, the company said the first of its customer-facing systems in Britain was up and running again. The cyber …

Christmas Ransomware Attack Hit New York Airport Servers

An upstate New York airport and its computer management provider were attacked by ransomware over Christmas, officials said. Officials at the Albany County Airport Authority announced Thursday that the attack came to light after Schenectady-based LogicalNet reported its own management …

Forex Firm Travelex Restores Some Online Services After Ransomware Attack

Travelex is restoring operations to process foreign exchange orders electronically, it said on Monday, almost two weeks after cyber hackers took hold of its systems, leading to a global blackout of its online services. Staff at Travelex were forced to …

Travelex Ransomware Attack Part of Growing Trend in Cyber Crime: CyberCube

The ransomware attack against U.K. foreign exchange firm Travelex is just a taste of what’s to come with cyber crime, according to experts at CyberCube, the cyber risk analytics firm. Travelex announced this week that cyber hackers were holding its …

Update: U.K.-Based Foreign Exchange Firm, Travelex, Crippled by Ransomware Attack

Staff at foreign exchange firm Travelex are using pen and paper to serve thousands of customers after the company said cyber hackers were holding its systems to ransom, leading to a global blackout on its online currency exchange services. The …