managed IT Solutions | GIGE IT Solutions: IT Services Mississauga

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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IT Services Company HCL Suffers Data-Leak, Quickly Recovers

June 18, 2019

HCL, a multibillion dollar company with over 100 000 employees, has suffered a data leak of sensitive customer and employee information. The leak was discovered on May 1st 2019 by a research team in UpGuard. Information that was leaked included employee information, customer information, and company project details. For employees of the company, names, IDs,…
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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: managed IT Solutions

Travelex falls victim to “Sodinokibi” Ransomware

Ransomware Attack Temporarily Shuts Down The Heritage Company

Newly Discovered Vulnerabilities Raise Concern over Security of VPN

IT Services Company HCL Suffers Data-Leak, Quickly Recovers

How do you protect yourself against CEO Fraud?

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