Ryuk ransomware has given its creators a huge pay day
Operators of Ryuk, one of the world’s most popular ransomware variants, have extorted more than $150 million from victims. This is according to a report published by cybersecurity firms Advanced Intelligence and HYAS, which claims that a total of 61 Bitcoin addresses associated with Ryuk operators have been identified. “Ryuk receives a significant amount of their ransom payments from a …
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Many UK office workers would accept a pay-cut for remote working
Most UK workers would be happy to take a significant pay cut if it meant working remotely on a permanent basis. This is according to a new report from Citrix, based on a poll of 1,000 office workers in the country. The report states that three quarters would accept (or have already accepted) a pay cut to keep the perk, …
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Pandemic helps accelerate digital transformation for many traditional companies
The Covid-19 pandemic will have a profound impact on traditional, non-digital businesses that are not currently pursuing digital transformation in an aggressive fashion, according to a new report from Cognizant and Oxford Economics The report states that 46 percent of businesses worldwide expect less social interaction with customers. Further, more than a third (37 percent) said they now understand the …
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Email use could actually be hurting your business
Despite being a huge productivity killer, email is still by far the most popular communications platform among workers. This is according to a new report from email management solutions provider Mail Manager, which asserts that chat platforms (such as WhatsApp, Slack and Skype) are great for informal communication, but email still reigns supreme when it comes to official business. That …
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British Airways will pay billions in compensation over infamous data breach
British Airways (BA) has acknowledged it was responsible for two major 2018 data breaches and is looking to settle. According to an InfoSecurity report, BA is aiming to avoid litigation and is willing to pay out as much as $4 billion to settle the case. A total of 565,000 customers had their personal data exposed by the breaches, including their …
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A year in review: why 2020 has pushed data privacy into the spotlight
Paying attention to data privacy and security is no longer optional. This year alone has witnessed several landmark data protection and privacy events, including record-breaking fines for HIPAA violations, the handing down of the Schrems II ruling from the European Court of Justice, and the start of enforcement of the California Consumer Privacy Act of 2018 (CCPA). EU data protection …
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US government blames Russia for SolarWinds hack
The US government has accused Russia of being behind the recent SolarWinds attack, which is considered to be among the most significant of 2020. On Tuesday, four US security agencies, all members of a task force set up specifically to investigate the SolarWinds attack, issued a joint statement claiming the attack was “likely Russian in origin”. The agencies in question …
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Ryuk ransomware targets hospitals yet again
With healthcare institutions preoccupied with treating coronavirus cases and rolling out vaccines, cybercriminals have doubled down on attacks. A new report from cybersecurity researchers Check Point Software states that hospitals and other healthcare organizations globally have faced an increasing number of ransomware attacks lately. Since the start of November, the report claims, there has been a 45 percent increase in …
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IT directors expect bigger budgets in 2021
Most IT directors believe their company’s IT budgets will rise this year. This is according to a new report from IT asset disposal company DSA Connect, based on a poll of 50 respondents. Almost half of the respondents said the need to further invest in cloud technology will be the main driver behind budget growth. Others believe the investments will …
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UK government delays publishing digital strategy for 2021
The UK’s digital strategy, a document designed to serve as a guideline to help the country recover from the Covid-19 pandemic, has been postponed – without a new concrete deadline. In a written statement, Department for Digital, Culture Media and Sport (DCMS) digital and culture minister Caroline Dinenage said that the document can be expected some time later this year. …
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