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Tag: cyberattack

IT Services & IT Solutions Mississauga & Toronto

Travelex falls victim to “Sodinokibi” Ransomware

The list of ransomware victims continues to grow. On New Year’s Eve 2020, Travelex, an international foreign exchange company, disclosed that it was struck by the “Sodinokibi” ransomware strain. Also known as REvil, Sodinokibi ransomware prevents users from accessing their computer data by encrypting it behind a ransomwall. The ransom demand for Travelex was $6M…
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Ransomware Attack Temporarily Shuts Down The Heritage Company

The Heritage Company has temporarily shut down its operations due to a ransomware attack. In December of last year, CEO Sandra Franecke announced to the company’s 300 employees that the company had not fully restored its systems following a ransomware attack that October. As a result of the attack, the company would be temporarily suspending…
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Newly Discovered Vulnerabilities Raise Concern over Security of VPN

VPNs, or Virtual Private Networks, is a secure connection between computers over the internet. It allows for data to be transferred among computers in a more secure environment than over a public network. Alex Seymour, a cybersecurity researcher at Immersive Labs, recently discovered two new VPN vulnerabilities in Aviatrix VPN: a VPN service used by…
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How The Dexphot Malware Evolves To Avoid Detection

Dexphot is a malware that has raised concern over its complex strategy of avoiding detection. First detected in October 2018, Dexphot is a strain cryptojacking malware. Cryptojacking malware is defined by its main goal of secretly hijacking computer resources in order to generate digital currencies for the cyberattacker. The victim’s computer suffers slowdowns, and is…
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European Airport Finds 50% of its Computers Infected With Malware

50% of the workstations at an international airport in Europe have been infected by a cryptomining malware. The breach was discovered by researchers from cybersecurity company Cyberbit. The researchers stated that they detected the malware due to abnormal activity of the PAExec tool and Reflective DLL Loading on the infected computers. What is cryptojacking? Cryptojacking…
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Employees Maliciously Cause Data Breaches at American Express and Yahoo

In two separate incidents, U.S. companies American Express and Yahoo have both been affected by data breaches of their clients’ personal information. Both attacks were the result of insider threats – a type of cyberattack caused by an internal person in the company. The American Express Incident American Express stated that data that was leaked…
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What Is Malware and How Can You Stop It?

Malware, or malicious software, is any piece of software that is developed with malicious intent. There are many strains of malware that do everything from stealing sensitive data to locking files behind ransom walls. There are many ways that a computer can become infected with malware. Many of these, such as phishing, rely on user…
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3rd Party Programs: Are They Cybersecurity Weakpoints?

Almost 400 dental offices were infected with ransomware in a cyberattack this August. The computers became infected after DDS Safe, a 3rd party cloud backup software that all the affected offices were using, was compromised. The software was developed by Dental Technology Company PerCSoft. Affected offices had their computer files encrypted behind ransomwalls. On August…
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VPN Devices Need Patching: New Vulnerabilities Have Been Discovered

The Canadian Centre for Cybersecurity recently stressed the importance of keeping VPN devices up-to-date. Because VPN devices act as points of contact between a network and the internet, they are particularly vulnerable to cyberattack. The Centre for Cybersecurity identified four types of VPN that are particularly vulnerable: Fortinet Forigate, Palo Alto GlobalProtect, Pulse Connect Secure,…
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22 Governments in Texas Hit By First Coordinated Ransomware Attack

On August 16th, the Texas Department of Information Resources (DIR) stated that 22 local Texan governments were simultaneously hit by coordinated ransomware attacks. They also stated that most of the victims were small-sized local governments. While government-targeted ransomware attacks are not new, this is the first incident of this scale and level of coordination. According…
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