data security | GIGE IT Solutions: IT Services Mississauga

ransomware new strategy release stolen data

Ransomware Cyberattackers Now Releasing Stolen Data To The Public

December 20, 2019

Cyberattackers using ransomware for money extortion have recently adopted a new strategy to force victims into succumbing to their threats – releasing sensitive stolen information to the public. This new strategy was brought to light by a recent cyberattack by the Maze Ransomware strain. Typically, ransomware cyberattacks force victims to pay ransom fees by locking…
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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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VPN Devices Need Patching: New Vulnerabilities Have Been Discovered

September 6, 2019

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

August 28, 2019

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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Fileless Malware is Difficult to Detect, Dangerous, and On-The-Rise

July 23, 2019

Fileless Malware Attacks are on the rise. The Canadian Centre for Cyber Security warns the public to watch out for this dangerous type of cyberattack. Fileless malware attacks are a particularly dangerous strain of malicious software (malware) that are difficult to detect due to their ability to exploit your own programs to mask themselves. This…
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Human Error is still a Leading Cause of Cyber Insurance Incidents, says CFC Underwriting

July 8, 2019

Multinational insurance company CFC Underwriting says that human error still remains a primary factor in the thousands of cybersecurity insurance claims that the company handles. In 2018, the insurance company received over a thousand claims relating to ransomware, malware, data breaches, and data theft. Of these incidents, CFC Underwriting notes that the following human-driven errors…
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Florida’s Lake City and Riviera Beach City Hit by Ransomware, Pays $500 000 each for Decryption

July 3, 2019

The list of ransomware victims continues to grow. Florida’s Lake City and Riviera Beach City have both fallen victim to cyberattack. Both cities have been forced to pay $500 000 each to the attackers in attempts to unlock the encrypted files. On June 5th, the City of Riviera Beach released an official announcement stating that…
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Debt-Collector Firm Files For Bankruptcy Following Data Breach Costing Millions

June 27, 2019

New York-based debt collection company Retrieval-Masters Creditors Bureau, Inc. has filed for bankruptcy due to a massive data breach. Following the leak, the legal obligation on the company to notify the 7 million affected by the data breach cost it $3.8 million. Another $400 000 was also spent on external IT consultants to determine the…
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Tag: data security

Ransomware Cyberattackers Now Releasing Stolen Data To The Public

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?

VPN Devices Need Patching: New Vulnerabilities Have Been Discovered

22 Governments in Texas Hit By First Coordinated Ransomware Attack

Fileless Malware is Difficult to Detect, Dangerous, and On-The-Rise

Human Error is still a Leading Cause of Cyber Insurance Incidents, says CFC Underwriting

Florida’s Lake City and Riviera Beach City Hit by Ransomware, Pays $500 000 each for Decryption

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