This year has seen ransomeware rock headline across the globe and unfortunately it is not about to go away anytime soon. In fact some believe that we haven’t seen the worst of it yet.
Many businesses – and individuals – were affected by the various cyber-attacks perpetrated in the past six months. Ransomware seems to have taken over the headlines this year, and it’s not going away anytime soon. Ransomware is most likely be a topic that will remain highlighted in the years to come.
The business world is becoming more digitized. Data, systems, apps and networks can be crippled by a ransomware attack, which is catastrophic for any business or organization when these vital systems become interrupted. But it’s not just business that suffers: in this year’s WannaCry attack, 70 000 devices in Britain’s National Health Services were affected with knock-on effects on emergency medical services.
Ransomware has climbed meteorically since it first emerged in the mid-2000s, but the aim has mostly remained the same: to extort money from victims. Important data and files are encrypted, leaving the hacker with the only means to access those files. The victim is then asked to pay a ransom – most often in Bitcoin – in order to receive a decryption key so that they can retrieve their files safely.
“In the beginning, many of the ransomware attacks were actually very convincing hoaxes. Other cyber attackers used screen locks so all the victim could see was the notification window. These days, the ransomware that’s out there not only locks information and data, but can also potentially delete encrypted files after a specified time period,” explains Anvee Alderton, channel manager at Trend Micro Southern Africa.
According to Trend Micro, there were 29 different ransomware families in 2015. Just a year later, 247 families emerged – that’s a 752% increase. The hackers have indeed profited from their attacks, raking in millions of dollars by attacking big businesses without data back ups. In the first few months of 2017, ransomware attacks climbed a further 250%.
These attacks are on track to reach another milestone this year as seen in another report, ransomware attacks rose 250 percent during the first few months of 2017, with many infections centered around the U.S.
“We at Trend Micro believe that the ransomware strategy used by hackers will evolve in the not too distant future. Given the amount of new ransomware we hear about regularly, there will be new ransomware samples that will emerge. The sad thing is that there are a lot more attacks focusing on the healthcare industry these days, because of the valuable patient data they have. These attacks on healthcare providers might increase, too,” Alderton predicts.
This may sound as though we are heading towards a ransomware apocalypse, however the good news is that law enforcement is making strides towards catching up with cyber criminals. Various law enforcement organisations have begun to collaborate with other groups such as Cyber Threat and No More Ransomware in order to identify the sources of powerful ransomware, and prevent attacks.
The first port of call for diffusing cyber attacks remains in the hands of an organisations’ staff. Employees should be made aware of the risks of ransomware and understand how infection is delivered and to report any suspicious activity. Access to sensitive data must be limited and patches and backups need to be done regularly and consistently.
“Security solutions also need to incorporate a cross-generational technology approach. This means reputation-based analysis with other capabilities like whitelisting and application control, behavioral analysis, network monitoring, vulnerability shielding, and high-fidelity machine learning. This is the optimal way to protect your business or organisation,” Alderton says.
AppDate: DStv taps Xbox, Hisense
DStv Now for Xbox and Hisense
Usage of DStv Now, the online DStv service available free to DStv customers, is increasing rapidly with more than two million plays of live and Catch Up content per week. In addition to using DStv Now to watch TV on tablets and smartphones, an increasing number of DStv customers are also opting to use it as their primary method of getting DStv on additional TVs in the house. This is set to increase with the release of two new big-screen TV apps, one for Xbox gaming consoles (Xbox One, Xbox One S, Xbox One X) and another for Hisense smart TVs (2018 and newer models).
Expect to pay: A free download.
Platform: Any of the Xbox One range of gaming consoles and 2018 or later Hisense smart TVs.
Stockists: Visit the store linked to your Xbox console or HiSense smart TV.
Santam Safety Ideas
Start-up businesses that have a FinTech or InsurTech business venture brewing are called to enter the third annual Santam Safety Ideas competition. Safety solutions or InsurTech ventures that are ready for piloting could win up to R150 000 worth of incubation support and R200 000 in seed funding.
The Safety Ideas competition was launched two years ago in partnership with LaunchLab, Stellenbosch University’s startup incubator that facilitates valuable connections for corporates and startups sourced from the startup ecosystem and partner universities in South Africa. The previous winners are Herman Bester and Anton Swanevelder, co-founders of MyLifeLine – a wearable panic device that won the competition last year; and Ntsako Mgiba and Ntandoyenkosi Shezi, co-founders of Jonga – a cost-effective security system for low income families, which won the competition in 2017.
Entries close on 28 February 2019. For more information on how to enter, visit: www.santam.co.za/safetyideas/
Click here to read about the FNB Snapchat lens, Spotify Free with data saver, and 00:37.
Fortnite fixes hackers’ hole
Epic Games has repaired a vulnerability that exposed Fortnite, the world’s most popular game of the moment, to hackers. The hole, which was left in Epic’s web infrastructure, allowed hackers to target players with email that appeared to come from Epic Games, but would have led them to a phishing site, where their log-in details would have been stolen.
Researchers at cyber security solutions provider Check Point Software alerted Epic to vulnerabilities that could have affected any player of the hugely popular online battle game.
Fortnite has nearly 80 million players worldwide. The game is popular on all gaming platforms, including Android, iOS, PC via Microsoft Windows and consoles such as Xbox One and PlayStation 4. In addition to casual players, Fortnite is used by professional gamers who stream their sessions online, and is popular with e-sports enthusiasts.
If exploited, the vulnerability would have given an attacker full access to a user’s account and their personal information as well as enabling them to purchase virtual in-game currency using the victim’s payment card details. The vulnerability would also have allowed for a massive invasion of privacy, as an attacker could listen to in-game chatter as well as surrounding sounds and conversations within the victim’s home or other location of play.
While Fortnite players had previously been targeted by scams that deceived them into logging into fake websites that promised to generate Fortnite’s ‘V-Buck’ in-game currency, these new vulnerabilities could have been exploited without the player handing over any login details.
Click here to read how the Fortnite hack would have worked.