Top 10 Stories

Despite being labelled ‘the most resolute’ country for dealing with the cyber attacks, ransomware is costing UK companies a whopping £346 million every year. View Full Story ORIGINAL SOURCE: PCR Online

The latest shoe has dropped on Facebook: Private data on 50 million users found its way to a shadowy research outfit, Global Science Research, and then on to Cambridge Analytica, a political consulting firm launched by former White House adviser Steve Bannon. View Full Story ORIGINAL SOURCE: Business Standard

According to the latest report by Kaspersky Lab, a quarter of businesses that suffered a distributed denial of service attack believe they were an accidental victim, and that the DDoS attack wasn't intended for them in the first place. View Full Source  ORIGINAL SOURCE: IT Pro Portal

The Federal Trade Commission has said it's investigating Facebook over reported concerns about the social network giant's privacy practices. In a statement, the FTC said it has opened a non-public investigation into "recent press reports raising substantial concerns about the privacy practices of Facebook." View full story ORIGINAL SOURCE: ZDNet

Cyber attackers targeted British sport’s anti-doping agency over the weekend without gaining access to any data, it said in a statement on Monday. London-based UK Anti-Doping (UKAD) holds the test details and medical records of thousands of athletes, ranging from soccer players to high-profile Olympic medallists. View full story ORIGINAL SOURCE: Reuters

There was a 25 per cent decrease in the Distribution Denial of Service (DDoS) attacks in the fourth quarter of 2017 as compared to the third quarter, a new report said on Tuesday. Verisign, a global leader in domain names and internet security, found that the largest volumetric and highest intensity DDoS attack observed by Verisign in the fourth quarter of 2017 was a multi-vector attack that peaked at approximately 53 Gbps and over 5...

European cyber-cops have felt the collar of a bloke suspected of running a network of crims that used malware to pinch €1bn (£874.8m, $1.24bn) from cash machines and other banking systems. The crew developed the software nasty Anunak, later updated to Carbanak, as well as cyber-weapons based on Cobalt Strike's penetration testing toolkit. The gang lobbed this malicious code at more than 100 financial institutions around the globe from 2013 until 2016, we're told. View full...

The group of Iranian hackers the US charged last week with hacking over 300 universities across the globe were actually master phishers astute at their craft, so much so that they used the same phishing lure for years without needing to change it. View full story ORIGINAL SOURCE: Bleeping Computer

Security experts have discovered a new strain of malware that targets vulnerable Linux-based systems and tries its best to avoid infecting devices on government and military networks. The name of this new strain is GoScanSSH, and its name is a tell-tale sign of its main features and capabilities — coded in Go, use of infected hosts to scan for new ones, and the SSH port as the point of entry. View full story ORIGINAL SOURCE:...

A vulnerability in the QR code reader built into the iOS camera app could allow users to be directed to a malicious website without their knowledge. As of iOS 11, you can simply point your iPhone at a QR code using the standard camera app, and it will read and act on the code. In the case of an embedded website URL, iOS shows you the link address and asks you to tap to confirm...