Malware is widely available in an "as-a-service" model on the cybercriminal underground to anyone with criminal intent and a bit of money, says John Shier, senior security adviser at Sophos, who explains exactly how the model works in this in-depth interview.
The BadRabbit ransomware attack appears to have been designed for smokescreen, disruption or extortion purposes, if not all of the above. So who's gunning for Ukraine and how many organizations will be caught in the crossfire?
New ransomware called BadRabbit is directly targeting at least 200 organizations, primarily in Russia and Ukraine. The crypto-locking malware demands a ransom, payable in bitcoins, in exchange for a decryption key, and it appears to borrow code from NotPetya ransomware.
Spammers wielding Locky ransomware have a new trick up their sleeves: the ability to infect PCs via malicious Microsoft Word documents that use the Dynamic Data Exchange application-linking feature built into Windows to push ransomware onto victims' systems.
A Belgian security researcher has discovered a "serious weakness" in the WPA2 security protocols used to encrypt many WiFi communications. Attackers can exploit the flaws to eavesdrop as well as potentially inject code such as malware or ransomware into WiFi-connected systems. Prepare for patches.
The Dark Overlord, a hacking group that hijacks data from businesses and holds it for ransom, is now threatening school districts. The apparent intent isn't to get ransoms from schools per se, but to create a fear campaign designed to scare big businesses into paying the group's ransoms.
All the key players of a company's management group, including the CISO, need to be involved in the decision about whether to invest in cyber insurance, says Greg Markell of Ridge Canada Cyber Solutions, a cyber insurer.
Freedom of Information requests sent to 430 U.K. local government councils by Barracuda Networks found that at least 27 percent of councils have suffered ransomware outbreaks. Thankfully, almost none have paid ransoms, and good backup practices appear widespread.
In cryptocurrency we trust: The government of North Korea has been turning to bitcoin exchange heists and cryptocurrency mining - potentially using malware installed on other countries' systems - to evade sanctions and fund the regime, security experts say.
PrincessLocker ransomware is back, although it's less demanding than it used to be, with attackers decreasing the quantity of bitcoins they require to unlock forcibly encrypted files. Unusually, the ransomware is being spread by the RIG exploit kit.
A massive Locky ransomware campaign has been infecting devices via malware-laced spam messages as well as through fake Dropbox phishing pages. More than 23 million Locky spam email have been seen in just one 24-hour period.
The never-ending stream of bad information security news is fueling a virtual gold rush for companies offering protection. A new report from Forrester predicts a healthy growth rate over the next five years, with some specific technologies expected to see double-digit growth.
A report claims British intelligence agency GCHQ knew in advance that the FBI planned to arrest WannaCry "hero" Marcus Hutchins when he visited the United States for the annual Black Hat and Def Con conferences last month. The information security community asks: Is that justice?
Carbon Black rolled with the punches last week after it was accused of exposing customer data via a bug in one of its endpoint detection products. It turned out there was no bug. But the company has gone back and uncovered a bug that did expose customer data, albeit on a small scale.
Locky is back. After falling off the radar last year, the ransomware is once again being distributed via massive spam campaigns - run by the Necurs botnet - in the form of two new variants named Diablo and Lukitus.