Malware

Petya Malware is about wreaking Havoc, not collecting Ransom | The Register

Petya Malware is about wreaking Havoc, not collecting Ransom | The Register

In-brief: On Tuesday, a ransomware infection spread across Europe and even affected companies and systems as far away as the United States and Brazil. Iain Thomson at The Register breaks down the malware used in the attack, dubbed NotPetya because it disguises itself as the Petya ransomware, although in the end it seems it was designed to wreak havoc, not collect money.

UPDATED: Is this Cyber War? Ransomware Attack Hits Banks, Transport, Government in Ukraine

UPDATED: Is this Cyber War? Ransomware Attack Hits Banks, Transport, Government in Ukraine

Fast spreading ransomware dubbed Petya has crippled parts of Ukraine and hit companies in The Netherlands, France, Russia and Spain. It appears to be spreading using a combination of software exploit and stolen passwords.

Cybereason of Tel Aviv and Boston landed a $100m investment from Softbank.

Endpoint Protection Firm Cybereason Lands $100m Softbank Investment

Alternatives to legacy endpoint protection software like anti virus is one of the hottest areas in the information security space. Yesterday’s announcement by Cybereason of a $100 Million investment by SoftBank only underscores that. Cybereason, which has offices in Boston, London and Tel Aviv, closed a Series D funding round from SoftBank to accelerate growth. The round brings total investment in Cybereason to $189 million and make SoftBank the single largest investor int he company, which also counts Spark Capital, Lockheed Martin and CRV as investors. “We are thrilled with our incredible growth but we are never satisfied because hackers still have a big advantage over the vast majority of corporations. This new funding allows us to increase our growth through new distribution channels and to develop new technologies. Our strengthened partnership with SoftBank, which has a formidable sales force and enterprise customer base in Japan and a global reach, […]

Identity at Scale: how the Internet of Things will Revolutionize Online Identity

Identity at Scale: how the Internet of Things will Revolutionize Online Identity

In-brief: Far from ‘breaking’ the public key encryption (PKI) model, the Internet of Things is poised to turbocharge PKI adoption and revolutionize online identity, DigiCert* CTO Dan Timpson writes.

Two security firms say that malicious software discovered in a December attack in Ukraine is designed to cripple electrical substations.

Update – Security Firms: New Malware Built to Hobble Electric Grid

In-brief: Experts from two security firms are warning that a newly discovered piece of malware dubbed Crash Override is designed to shut down and even damage electrical substations and other components of the electrical grid.