managed it security | GIGE IT Solutions: IT Services Mississauga

SSH Key Malware Is Spreading

February 20, 2020

What are SSH Keys? SSH, or Secure Shell, is a method used to establish a secure login between two systems. It is widely used across many operating systems. Using an SSH key, an IT administrators can gain access to servers and computers. Because SSH keys do not expire, and unauthorized individual in possession of and…
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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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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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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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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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Reporting Data Breaches: Do you need to do it?

October 29, 2018

Hong Kong’s flag carrier, Cathay Pacific, has been the latest in the long list of companies affected by major digital data breaches. It was reported that the sensitive data of over 9.4 million customers were compromised due to the incident. Over 400 expired credit card numbers, and 27 active cards (without CVV information) were leaked.…
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Are your organization’s fax machines security vulnerabilities?

August 20, 2018

It has recently been discovered by Check Point researchers that fax machines contain cyber-vulnerabilities that allow attackers to infiltrate your network using only a fax number. Given that many companies today still use fax machines, and that fax numbers are publicly provided contact information, this new exploit poses a major vulnerability concern to thousands of…
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Tag: managed it security

SSH Key Malware Is Spreading

Unnamed Canadian Insurance Company Suffers $1M USD Ransomware Attack

Travelex falls victim to “Sodinokibi” Ransomware

VPN Devices Need Patching: New Vulnerabilities Have Been Discovered

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

Are your organization’s fax machines security vulnerabilities?

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