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The permanent cost of a breach is equivocal to 1.8% of company value, which would cost FTSE 100 firms a loss of £120 million in market capitalisation. The study shows that investors have already lost at least £42 billion due to public domain cyber security incidents since just 2013. View full story ORIGINAL SOURCE: CBR

A group calling itself XMR Squad has spent all last week launching DDoS attacks against German businesses and then contacting the same companies to inform them they had to pay €250 ($275) for "testing their DDoS protection systems." View full story ORIGINAL SOURCE: Bleeping Computer

German researchers found 117 security vulnerabilities they believe were introduced by popular web tutorials. View full story ORIGINAL SOURCE: IBTimes

The average ransomware payment has risen to $1,077, up from $294 a year earlier, Symantec said View full story ORIGINAL SOURCE: Network World

In fact, EE is now just one month away from officially killing off a whole list of UK email domains, formerly part of Orange Email. View full story ORIGINAL SOURCE: EE

The UK government has criticized Twitter for restricting police and intelligence agency access to data which it says could be used to identify terrorist plots, according to the Telegraph newspaper. View full story ORIGINAL SOURCE: Tech Crunch

NTT Security, the specialised security company of NTT Group, has launched its 2017 Global Threat Intelligence Report (GTIR), which analyses global threat trends based on log, event, attack, incident and vulnerability data . Analysing content from NTT Group operating companies, including NTT Security, Dimension Data, NTT Communications and NTT Data, and data from the Global Threat Intelligence Center (formerly known as SERT), the report highlighted the latest ransomware, phishing and DDoS attack trends and demonstrates the...

Hackers have unleashed a new malware strain that targets Linux-based systems. The Linux/Shishiga malware uses four different protocols (SSH, Telnet, HTTP and BitTorrent) and Lua scripts for modularity, according to an analysis of the nasty by security researchers at ESET. Shishiga relies on the use of weak, default credentials in its attempts to plant itself on insecure systems through a bruteforcing attack, a common hacker tactic. A built-in password list allows the malware to try a variety...

Mirror Group Newspapers have been hit with a bill running into tens of millions of pounds after dozens of phone hacking victims settled their claims for damages. Lord Archer and his wife Dame Mary, who was hacked while he was serving a prison sentence, were among dozens of well known figures who reached an agreement with the newspaper. Other victims included former Home Secretary, Charles Clarke, ex-England football manager, Kevin Keegan and actress Patsy Kensit all settled claims...

An alleged email apparently shows one employee explicitly telling staff not to warn customers the company was hacked. Tens of thousands of people are in the dark. Motherboard recently reported hackers had targeted two companies that sell spyware to the everyday consumer—Retina-X and FlexiSpy. Hackers made off with a mix of over 130,000 customer records, as well as company documents and even text messages and photos captured by Retina-X's malware. A week later, and affected customers say...