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.
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.
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, […]
In-brief: data from the firm Symantec shows that financial malware targeting banks – not ransomware- is the most important and oft-used tool in the cyber criminal’s toolbox.
In-brief: Networking giant Cisco Systems said on Tuesday that a new package of products and services, dubbed IoT Threat Defense.
