Category: Uncategorized

A new report (PDF) by Accenture indicates that over the next 5 years, cyberattacks could result in global costs totaling $5.2 trillion. That amount includes both lost revenue for companies and the expenses businesses are likely to incur due to attacks. The high costs have to do with the growth of the digital economy and the poor cybersecurity controls applying to new technologies.  Based on the survey of around 1,700 C-suite members from across the globe, Accenture claims that “Internet security is lagging behind the sophistication of cybercriminals and is leading to an erosion of trust in the digital economy”. Read More...

The ransomware strain was discovered in a private peer-to-peer (p2p) network and targets consumers by using the icon of a game or application to trick the user into downloading it. McAfee researchers today announced the discovery of a new ransomware family, “Anatova” that is targeting consumers at scale across the globe. The ransomware was discovered in a private peer-to-peer (p2p) network and targets consumers by using the icon of a game or application to trick the user into downloading it. Christiaan Beek, Lead Scientist & Principle Engineer at McAfee said, “Creating a quick and fast piece of ransomware is fairly easy for those with basic know-how. Ransomware packed with functionality that is also difficult to analyze, such as Anatova, is more difficult to create from scratch. Anatova has the potential to become…