EU Council Adopts Cybersecurity Strategy The Council of the European Union announced today that it has officially adopted a new cybersecurity strategy.The strategy, which looks ahead to the next decade, was presented to the council in December 2020 by the European Commission and the high representative for foreign affairs.It contains a framework for how to defend businesses, organizations, and…
Fraud Management & Cybercrime , ID Fraud , Next-Generation Technologies & Secure Development Five Cybersecurity Deals Revealed in 2 Weeks, Continuing Consolidation Trend Doug Olenick (DougOlenick) • March 22, 2021 This year’s brisk cybersecurity M&A activity is continuing, with five more deals announced in the last two weeks. See Also: Top 50 Security…
Ransomware demand of $50M from Acer is the biggest ever. The biggest ransomware attack in history was observed on 18th March 2020 when cybercrime syndicate REvil demanded $50M from the PC manufacturer, Acer. The details were revealed when REvil hackers published on their dark web leak sites that negotiations between them and the Taiwan-based firm…
The Department of the Prime Minister and Cabinet and the Attorney-General’s Department are not ‘cyber resilient’ and have overstated their implementation of the federal government’s mandatory strategies to mitigate cyber security incidents, an audit has found. Non-corporate commonwealth entities have been required to implement the Australian Signals Directorate’s (ASD) Top Four mitigation strategies since 2013,…
An anonymous reader quotes a report from the BBC: The size of the Army is to be reduced to 72,500 soldiers by 2025 as part of a move towards drones and cyber warfare. Defence Secretary Ben Wallace said “increased deployability and technological advantage” meant greater effect could be delivered by fewer people. He set out…
3rd Party Risk Management , Breach Notification , Cybercrime Flaw in Network Traffic Security Management Platform Ranked as Highly Critical Akshaya Asokan (asokan_akshaya) • March 21, 2021 Attackers are exploiting a critical remote code vulnerability in F5 Networks’ BIG-IP platform, tracked as CVE-2021-22986, for which the company released patches on March 10. See…
The PC vendor Acer became the victim of a REvil ransomware attack. The requested ransom might be the largest one to date, REvil asking for $50,000,000. Acer is the 6th-largest PC vendor by unit sales in the world with more than 7,000 employees and over 234.29 billion in revenue. REvil declared to have stolen data from the vendor’s…
Prevalence of breach attempts can be attributed to reliance on cloud as work-from-home era continues March 17, 2021― An overwhelming percentage (90%) of cyberattacks on cloud environments in the last 12 months involved compromised privileged credentials, according to new research from , a leading provider of modern privileged access management (PAM) solutions. The new study,…
The notorious REvil ransomware gang recently targeted a Microsoft Exchange server on Taiwanese PC giant Acer’s domain, according to Advanced Intelligence CEO Vitali Kremez. Advanced Intel’s Andariel cyber-intelligence platform detected that an affiliate of REvil attempted had to weaponize Microsoft Exchange, Kremez told CRN. Data collected by Andariel on March 5 shows that Acer’s Exchange…
Campaigners call platform ‘a fertile recruitment ground’ and say it must take urgent action to protect childrenInstagram has become a hub for young neo-Nazis to recruit young people to far-right groups, a report from an anti-racism group has warned.The recommendations-driven platform and focus on visual media make it ideal for spreading propaganda, Hope Not Hate…
