cyberattack | GIGE IT Solutions: IT Services Mississauga

Unnamed Canadian Insurance Company Suffers $1M USD Ransomware Attack

February 4, 2020

On October 8th 2019, an unnamed Canadian insurance company paid a total of 950 000 USD to a ransomware cyberattacker. The attacker was able to infect 20 servers and around 1000 employee computers in the attack, encrypting data on the systems behind a ransomwall, demanding payment of 109.25 bitcoins for the safe release of the…
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A New Citrix Device Vulnerability Has Been Discovered

January 22, 2020

A new security vulnerability has been discovered in Citrix devices. The Canadian Centre for Cybersecurity has advised Canadian businesses to temporarily disconnect their Citrix devices from the internet. The repair patch has been rolled out as of January 19th 2020, with additional patches scheduled for January 24th. Users are advised to patch their devices as…
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travelex sodinokibi ransomware attack foreign exchange company

Travelex falls victim to “Sodinokibi” Ransomware

January 16, 2020

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

January 10, 2020

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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new virtual private network vulnerabilities

Newly Discovered Vulnerabilities Raise Concern over Security of VPN

December 10, 2019

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

December 6, 2019

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

October 28, 2019

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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businessman internal employee data breach

Employees Maliciously Cause Data Breaches at American Express and Yahoo

October 7, 2019

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?

September 20, 2019

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?

September 12, 2019

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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Tag: cyberattack

Unnamed Canadian Insurance Company Suffers $1M USD Ransomware Attack

Travelex falls victim to “Sodinokibi” Ransomware

Ransomware Attack Temporarily Shuts Down The Heritage Company

Newly Discovered Vulnerabilities Raise Concern over Security of VPN

How The Dexphot Malware Evolves To Avoid Detection

European Airport Finds 50% of its Computers Infected With Malware

Employees Maliciously Cause Data Breaches at American Express and Yahoo

What Is Malware and How Can You Stop It?

3rd Party Programs: Are They Cybersecurity Weakpoints?

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