ransomware attacks News

UK at High Risk of ‘Catastrophic’ Cyberattack Affecting Critical Infrastructure: Report

The UK is at high risk of a “catastrophic” ransomware attack that could bring critical national infrastructure to a standstill and cost the country tens of billions of pounds, according to a parliamentary report. Departments responsible for national infrastructure across …

World’s Biggest Bank Had to Trade Via USB Stick After Cyber Attack

On Thursday, trades handled by the world’s largest bank in the globe’s biggest market traversed Manhattan on a USB stick. Industrial & Commercial Bank of China Ltd.’s US unit had been hit by a cyberattack, rendering it unable to clear …

Hackers Who Breached Casino Giants MGM, Caesars also Hit 3 Other Firms, Okta Says

Hackers who breached casino giants MGM Resorts International and Caesars Entertainment in recent weeks also broke into the systems of three other companies in the manufacturing, retail, and technology space, a security executive familiar with the matter said. David Bradbury, …

Two British Teens and Their Audacious Hack of Nvidia, Grand Theft Auto and Uber

At 9 p.m. on Sept. 22 last year, a group of City of London police officers waited outside room M15 at the Travelodge Bicester, a one-star budget hotel in Oxfordshire, England, for the right moment to bust in. On the …

Lapsus$ Hacker Targeted Uber, Revolut, Grand Theft Auto Maker, London Jury Finds

A teenage member of the Lapsus$ hacking group was on Wednesday found by a London jury to have hacked Uber and fintech firm Revolut, and blackmailed the developers of best-selling videogame Grand Theft Auto. Arion Kurtaj, 18, embarked on a …

Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter

Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and reinsurance companies as they formulate their views of risk, according to …

Rutgers, Stony Brook Among Colleges Warning of Data Exposure From MOVEit Hack

The ongoing cyberattack exploiting MOVEit file-transfer software has taken a toll on US colleges and universities. At least 30 institutions have been notified that personal information of students and employees may have been exposed through vendors — including the Teachers …

Ransomware Criminals Are Dumping Kids’ Private Files Online After School Hacks

The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate and graphic. They describe student sexual assaults, psychiatric hospitalizations, abusive parents, truancy — even suicide attempts. “Please do something,” begged a student in one leaked …

Ransomware Attack Hits Japan’s Biggest Port, Disrupting Cargo Shipments

Japan’s biggest maritime port was crippled by an alleged Russian cyberattack, disrupting cargo as operators rushed to prevent a wider delay in shipments. Ransomware — used by hackers to lock access to files or systems unless a payment is made …

Capita Warns Customer Data May Have Been Stolen in Cyber Attack

Capita Plc, one of the UK’s biggest outsourcing companies, said that customer data may have been stolen during a recent cyberattack. There is “currently some evidence of limited data exfiltration from the small proportion of affected server estate which might …