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Russian ‘pioneer’ of identity theft and card fraud jailed for 27 years

According to the Naked Sophos blog, Roman Seleznev, the Russian MP’s son who was found guilty last year of hacking into point-of-sale (PoS) systems and stealing millions of credit cards, has received the longest-ever sentence for hacking to be handed down in the US. The prosecutors had asked for 30 years, referring to Selznev in a sentencing memorandum as “a pioneer” in the online theft and monetization of card data. At 27...

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How online gamers use malware to cheat

We typically think of malware as something used to steal data from corporations or knock down websites in politically motivated attacks. But if you’re a gamer, sometimes it’s simply a tool for winning. SophosLabs threat researcher Tamás Boczán has been studying this trend, and recently gave a talk about it at BSides Budapest. This article reviews his findings and offers us a chance to share some of his presentation slides. Anatomy of...

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What WikiLeaks’ massive CIA leak tells us about cybersecurity via Sophos Naked Security

Here we go again. In 2010, WikiLeaks published a disturbing heads-up video of US helicopters strafing “insurgents” who turned out to be Reuters journalists. Weeks later came Cablegate, a leak by Bradley (now Chelsea) Manning of 251,000 US diplomatic cables. By the time Edward Snowden’s name became famous in 2013, the mystique around US intelligence agencies was disappearing faster than the movie assassins who fancied a crack at killing Jason Bourne. Yesterday,...

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RSA 2017 Predictions Analysis via Sophos

Sophos offered a predictions blog that was published on their Naked Security blog last week, and now it’s time to see how accurate these predictions were. Here, we will break down each prediction and see what really happened. Sophos wrote on some big topics like Internet of Things (IoT) devices and the continuing scourge of ransomware. Here's Sophos predictions and review: Ransomware: What I predicted: Ransomware is an old topic in information security circles....

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Not all ransomware tools are created equal

In case you hadn’t heard, ransomware is big, big business. In 2016 alone, ransomware payouts are closing in on the billion-dollar mark, with a whopping 70% of companies reporting that they paid to have their maliciously-encrypted data liberated after being hit. We’re not talking chump change, either. For many businesses, these payments can and do routinely land in the tens-of-thousands-of-dollars range. If you’ve ever had to deal with ransomware, hopefully, one of...

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What’s the actual cost to a business of a data breach?

Cisco has released the 10th of its annual cybersecurity reports, leading some publications to scream that security breaches can cost businesses 20% of their annual turnover. If you burrow into the headlines, however, it becomes apparent that only a third of the companies questioned in the (admittedly substantial) survey claimed such a loss. Other reports place the value much, much lower – but nobody is denying it’s a problem or that it’s...

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Spora ransomware goes freemium with four different payment options

A new ransomware strain called Spora has taken the “freemium” model to a new level. Many ransomware attacks include a try-before-you-buy feature on their pay pages, where you can decrypt one or two files for free as an inducement to trust the crooks. By allowing you to upload two randomly chosen files and then returning copies of the originals, the crooks are hoping to prove that they do, indeed, have the decryption...

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Not all ransomware tools are created equal

In case you hadn’t heard, ransomware is big, big business. In 2016 alone, ransomware payouts are closing in on the billion-dollar mark, with a whopping 70% of companies reporting that they paid to have their maliciously-encrypted data liberated after being hit. We’re not talking chump change, either. For many businesses, these payments can and do routinely land in the tens-of-thousands-of-dollars range. If you’ve ever had to deal with ransomware, hopefully, one of...

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How to Stay Protected Against Ransomware

Businesses large and small are under threat from increasingly aggressive and brutal ransomware attacks. Loss of access to critical files, followed by a demand for payment can cause massive disruption to an organization’s productivity. But what does a typical attack look like? And what security solutions should be in place to give the best possible defense? (Not exactly sure what ransomware means? Don't fret, we've got you! Check out this blog...

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What really is Ransomware?

We're writing this post specifically for the people who have absolutely no idea what ransomware is, or those who have heard the buzz word but don't really know what it means. It's easy to read the word, and assume a definition, but can you really sit there and say you know EXACTLY what ransomware is? Don't fret. We will explain in a practical, not technical language that you can easily understand,...

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