Malicious Cybercriminals are Favoring Cryptocurrency Scams over Ransomware

Cybercriminals and malware developers are veering away from ransomware in favor of cryptocurrency scams, according to research from cybersecurity firm Trend Micro. Cryptojacking, a form of cyberattack wherein a hacker hijacks a victim’s computing resources to discreetly mine cryptocurrency, is the biggest rising trend in…

Liberty Financial Confirms Ransomware Attack, Hackers Demand ‘Millions’

Financial services provider Liberty has revealed it has been the victim of a data breach on Saturday night, with hackers reportedly demanding millions in exchange for the stolen information. In a notice on its website, the South African financial giant company said it had suffered…

Study: Ransomware Narrows in on New Target – Supply Chains

New research from a cybersecurity intelligence threat report has revealed that businesses are increasingly seeing ransomware attacks targeting their supply chains. According to new research from Dimension Data, the NTT Security 2018 Global Threat Intelligence report has revealed a soaring increase in cybersecurity attacks targeting…