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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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Cloud Security Will Be The Cybersecurity Topic Of 2020

January 2, 2020

Cloud computing grew drastically in 2019. However, cloud security has dragged behind in development which has resulted in some of the most devastating cyberattacks in history. In traditional offline computing, programs and data are stored locally on a machine. On the organizational scale, data may be stored and shared on local servers that are linked…
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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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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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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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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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How do you protect yourself against CEO Fraud?

September 12, 2018

CEO Fraud, or Business E-Mail Compromise (BEC), is an e-mail scam that aims to trick business employees into transferring money or sending sensitive information to a fraudulent account. In a recent study conducted by the Internet Crime Complaint Centre, it was found that these email scams have resulted in financial damages of more than $5…
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Tag: data theft

Travelex falls victim to “Sodinokibi” Ransomware

Ransomware Attack Temporarily Shuts Down The Heritage Company

Ransomware Cyberattackers Now Releasing Stolen Data To The Public

VPN Devices Need Patching: New Vulnerabilities Have Been Discovered

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

How do you protect yourself against CEO Fraud?

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