By Nathan Layne   A lawsuit by an Ecuadorean bank alleging that Wells Fargo & Co (WFC.N) is liable for authorizing the transfer of $12 million stolen in a 2015 cyber heist can go forward, a U.S. judge ruled on Tuesday.   The decision by U.S. District Judge Lewis Kaplan in Manhattan was in response Read More …

Despite a glut of research into new ransomware variants, low-tech threats like phishing attacks and viruses pose a more prevalent threat to small businesses than ransomware, according to a recent survey of SMB owners.   Thirty-seven percent of small businesses that experienced a cyberattack were victims of malicious viruses, 20 percent experienced phishing attacks, and Read More …

There has been yet another major data breach, this time exposing names, IP addresses, birth dates, e-mail addresses, vehicle data, and occupations of at least 58 million subscribers, researchers said.   The trove was mined from a poorly secured database and then published and later removed at least three times over the past week, according Read More …

By Jim Finkle Cyber-security firm Symantec Corp said on Tuesday that a second hacking group has sought to rob banks using fraudulent SWIFT messages, the same approach that yielded $81 million in the high-profile February attack on Bangladesh’s central bank. Symantec said that a group dubbed Odinaff has infected 10 to 20 organizations with malware Read More …

Dropbox hack and the password security conundrum The Dropbox hack is the latest reminder that the end is near for traditional authentication methods. This week, we discovered that 68 million user email addresses and passwords were compromised in a hack that took place in 2012 — significantly worse than originally reported at the time. The Read More …

CSI Filewatcher stops CryptoLocker. With more large corporates falling prey to hackers, this is likely to affect consumer confidence, making consumers less likely to trust smaller companies with their details – if the big boys can’t protect themselves what hope for the small guys? Here’s what the FBI Recommends Ransomware Prevention and Response for CEOs

CryptoLocker is a ransomware trojan which targeted computers running Microsoft Windows,[1] believed to have first been posted to the Internet on 5 September 2013.[2] CryptoLocker propagated via infected email attachments, and via an existing botnet; when activated, the malware encrypts certain types of files stored on local and mounted network drives using RSA public-key cryptography, Read More …

https://www.engadget.com/2016/02/19/hospital-ransomware-a-chilling-wake-up-call/