ransomware

Report: 1.9b Records Lost in First Half of 2017, topping 2016

A survey of public data breaches has found a large increase in the number of records that have been stolen, lost or compromised in the first six months of 2017. The firm Gemalto said that the number of records caught up in breaches jumped 164% from the second half of 2016 and the first half 2017 to almost 2 billion lost records. That is more than the total number of records lost in all of 2016.  Gemalto said its latest data from the company’s Breach Level Index, a global database of public data breaches, indicates 918 data breaches led to 1.9 billion data records being compromised worldwide in the first half of 2017. Most of the leaked records came from just 22 large data breaches, each involving more than one million compromised records, the company said. How many records? Nobody knows. Even more worrying: of the 918 data breaches, the […]

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FedEx: NotPetya Cost $300m, Wrecked Q1 Earnings

FedEx, the worldwide package delivery giant, said in a regulatory filing on Tuesday that the NotPetya ransomware outbreak in late June has cost it an estimated $300 million dollars and forced the company to miss its fiscal first quarter earnings. The company said in its quarterly “8K” report to the U.S. Securities and Exchange Commission (SEC) that the impact of NotPetya on TNT Express N.V., a newly acquired subsidiary based in The Netherlands. “Worldwide operations of TNT Express were significantly affected during the first quarter by the June 27 NotPetya cyber attack,” the company reported. The subsidiary has restored “substantially all” critical operational systems but “volume, revenue and profit still remain below previous levels.” The statement is the latest on the effects of NotPetya, which spread by way of bogus updates for software by the Ukrainian firm MeDoc. In July, FedEx said in a filing with the Securities and Exchange Commission […]

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Petya-Bitten Subsidiary will materially impact FedEx

In-brief: FedEx said its TNT subsidiary was still relying on manual processes more than a week after it was ravaged by the Petya wiper malware. The attack will materially impact the company’s financial performance in 2018, FedEx said in a filing with the SEC. 

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After Petya, NATO will provide Cybersecurity Help to Ukraine

In-brief: NATO said it was extending support to Ukraine to help confront a rash of cyber attacks from Russian affiliated hacking forces. 

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Petya Malware may be an Early Test of Muscular Trump Cyber Doctrine

In-brief: In the hours before the Petya malware began circulating, two high level Trump Administration officials called for a tougher stand against online actors who sow chaos. The question now is how the Administration will react.

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