hackers

Many SMEs are at risk believing they are too small to face cyber attacks.

First detected in January, GandCrab has been deemed one of the most aggressive forms of ransomware this year.

"Whether they are working on behalf of the government or they're doing it on their own accord with plans to sell the information to a third party, we have no idea," Symantec said.

A 37-year-old Welshman has been jailed for 10 months after a court found him guilty of five offences relating to a cyber attack on a former company.

Researchers have described RedDrop as "one of the most sophisticated pieces of Android malware that we have seen in broad distribution".

"This is the first time we have seen a modified Mirai capable of DDOS attacks as well as setting up proxy servers on vulnerable IoT devices," Fortinet researchers said.

The malware has been designed to make the infected system really slow and also shut down any other malware already in the system.

The intrusion comes as police departments, government organizations and school districts are increasingly targeted by online pranksters and opportunistic hackers.

In 2015 and 2016, the then 15-year-old Kane Gamble attempted to hack the computers of several senior US government officials.

Officials believe the Olympics cyberattack was in retaliation to the International Olympic Committee's decision to ban Russia over the state-sponsored doping scandal.

From North Korean hacking groups to a JPMorgan Chase "technical" glitch affecting multiple online banking customers, here are the top cyber-related news stories of the week.

The spyware steals victims' photos, contacts, call logs and can also spy on conversations when the infected device is within range.

Votiro's findings come as hackers continue to develop new, clever ways to exploit victims and earn cryptocurrency often by exploiting popular platforms.

The seemingly secure document, however, actually contains the Adwind malware that is capable of exfiltrating data from the infected computer.

BitFunder founder Jon Montroll repeatedly lied to the Securities Exchange Commission to cover up a hack that saw the theft of over 6,000 bitcoins.

Despite being available for download for years, none of the antivirus engines are able to detect it as malicious.

The incident comes as cryptojacking heists become increasingly common and sophisticated alongside the rise and popularity of cryptocurrency.

"We believe this is the next team to watch," FireEye's director of intelligence analysis John Hultquist said.

Authorities said thousands have already fallen victim to the scheme described as a "new twist on an old scam".

Hackers have been found targeting several vulnerabilities in different servers to secretly install cryptomining software and generate digital currencies using victims' resources.

Hackers have targeted a slew of banks worldwide in recent years to gain illegal access to the Swift network and initiate fraudulent money transfers.

Since 2015, a bitcoin-stealing cybercrime gang has been launching phishing attacks exploiting Google's own advertising network to pilfer more than $50m worth of cryptocurrency.

Suzanne McAndrew, Managing Director, Talent & Rewards, Willis Towers Watson says just 18% of breaches driven directly by external threats.

The new variant of AndroRAT disguises itself as an app called TrashCleaner, which once installed, can allow hackers to perform various malicious activities.

"Salon never has access to your personal files or information during this process," the media site notes.

Widely believed to be linked to the North Korean regime, Lazarus Group has been linked to the 2014 Sony hack and the WannaCry ransomware attack in 2017 among others.

The hacker group created customised chat apps with backdoor functionalities for both Android and Windows.

Over the past few months, security experts have observed a steady rise in cryptojacking attacks, malware-based miners and browser-based cryptominers.

Over the past few months, researchers observed an uptick in phishing campaigns targeting several Olympics organisations by the Kremlin-linked hacking group Fancy Bear.

Paul Worrall, Co-Founder of Zonafide talks about self-sovereign identity as a solution to cybercrime.