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ransomware

Hackers could get even nastier in 2018: researchers

WASHINGTON: After a year marked by devastating cyber attacks and breaches, online attackers are expected to become even more destructive in 2018, security researchers said on Wednesday. A report by the security firm McAfee said the ransomware outbreaks of 2017 offer just a taste of what's to come as hackers develop new strategies and "business models." McAfee researchers said that as ransomware profitability fades in the face of new defenses, hackers will turn to new kinds of attacks that could involve damage or disruption…

Multinationals hit by vast wave of cyberattacks

KIEV: Several multinational companies said on Tuesday they were targeted in a massive wave of cyberattacks which started in Russia and Ukraine before spreading to western Europe. Danish sea transport company Maersk, British advertising giant WPP and the French industrial group Saint-Gobain were among those who said they came under attack and put protection protocols in place to avoid data loss. The first reports of trouble came from Ukrainian banks, Kiev's main airport and Russia's Rosneft oil giant, in a major…

North Korea’s special cell ‘Unit 180’ possibly behind global cyber attacks

PYONGYANG: North Korea's main spy agency has a special cell called Unit 180 that is likely to have launched some of its most daring and successful cyber attacks, according to defectors, officials and internet security experts. North Korea has been blamed in recent years for a series of online attacks, mostly on financial networks, in the United States, South Korea and over a dozen other countries. Cyber security researchers have also said they have found technical evidence that could link North Korea with the global…

Global ‘ransomware’ virus hits Pakistan

ISLAMABAD: After large-scale and stealthy cyber attacks that infected worldwide computers, the ransomware – malicious software – has infiltrated computers of State Life Insurance Corporation of Pakistan while an alert has been issued across the country. The government owned insurance company has issued precautionary measures and recommendations to its staffers in order to prevent the organization’s computers from getting infected. According to sources, several computers of various organizations were reportedly under…

US cyber bill would shift power away from spy agency

WASHINGTON: A bill proposed in Congress on Wednesday would require the U.S. National Security Agency to inform representatives of other government agencies about security holes it finds in software like the one that allowed last week's "ransomware" attacks. Under former President Barack Obama, the government created a similar inter-agency review, but it was not required by law and was administered by the NSA itself. The new bill would mandate a review when a government agency discovers a security hole in a computer…

Who’s to blame for ransomware outbreak?

Questions are swirling over who is responsible for the security flaws exploited by hackers in the world's biggest ransomware attack to date, which crippled thousands of businesses and public organizations around the world. Here are some answers: Who bears the blame? Because hackers exploited a security hole in some Windows versions discovered by the National Security Agency, Microsoft says the intelligence agency bears some responsibility. "This attack provides yet another example of why the stockpiling of…

Businesses brace for Monday as ransomware threat lingers

SINGAPORE/TORONTO: Technical staff scrambled on Sunday to patch computers and restore infected ones, amid fears that the ransomware worm that stopped car factories, hospitals, shops and schools could wreak fresh havoc on Monday when employees log back on.  Cybersecurity experts said the spread of the virus dubbed WannaCry - "ransomware" which locked up more than 100,000 computers - had slowed, but the respite might only be brief. New versions of the worm are expected, they said, and the extent of the damage from Friday's…