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Bad actors are constantly trying to find ways to penetrate our networks. Recent attacks at LabCorp and the City of Atlanta demonstrate, however, that we are putting the welcome mat out for hackers by leaving key network ports open. This article discusses the severity of this problem, and what we can do to reduce or eliminate it…

Read more here: csoonline.com

 

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On Thursday, March 22nd, Atlanta, Georgia became the latest city to fall victim to ransomware attacks targeting city governments. Atlanta joins the likes of Sarasota, Florida; Englewood, Colorado; Hinesville, Georgia; Farmington, New Mexico; and Leeds, Alabama as cities that have recently been hit with ransomware attacks…

Υou can read more to the following link from blog.watchpointdata.com:

http://blog.watchpointdata.com/cities-becoming-big-targets-for-ransomware-attacks?

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A new ransomware attack called Thanatos demands payment in Bitcoin Cash, which contains a decryption bug that makes it impossible for attack victims to recover stolen files, reports security researcher Malware HunterTeam.

Υou can read more to the following link from scmagazineuk.com:

https://www.scmagazineuk.com/if-ransom-paid-in-bitcoin-cash-dont-expect-to-get-files-back/article/747571/

 

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As defense stategies become stronger year after year, it seems as though the prevalence of malware is growing proportionately, projected to exceed $2 trillion by 2019 – a four-fold increase in the cost of security breaches over 2015.Posing a threat to every industry, profession, and company, malware not only compromises confidential or regulated data and intellectual property, but it also damages network infrastructures, disrupts employee productivity and jeopardizes company revenue…

Υou can read more to the following link from databreachtoday.com:

https://www.databreachtoday.com/whitepapers/cybercrime-will-exceed-2-trillion-by-2019-top-threat-to-w-3854

…and read the whitepaper from here:

cybercrime-will-exceed-2-trillion-by-2019-top-threat-to-infrastructure-productivity-revenue-in-every-industry-pdf-6-w-3854

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…But the word you’ll be unsurprised and yet unhappy to see in the latest OED is the word ransomware, which Oxford describes very succinctly as:

A type of malicious software designed to block access to a computer system until a sum of money is paid.

Υou can read more to the following link from nakedsecurity.sophos.com:

https://nakedsecurity.sophos.com/2018/01/31/ransomware-makes-it-into-the-oxford-english-dictionary/