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As GDPR Looms – Cyber Criminals Move Towards Business Extortion

Trend Micro, one of the largest cyber security firms in the world, has released their annual security roundup report, and the results show some alarming trends. With the GDPR upcoming, cyber criminals have been refining their techniques in order to increase their financial gains, moving away from exploit kits which can be an unpredictable earner, to more reliable tactics such as business email compromise, phishing and spam, ransomware, and the relatively new threat to businesses, malicious crypto-currency mining.


Exploits kits are down, but 2017 saw over 300 new ransomware families, in addition to a rise in business email compromise scams and the all-new malicious crypto-mining threat.

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US & UK Blame Russia for NotPetya, Most Costly Cyber Attack to Date

The governments of the UK, US, Australia and more have publicly blamed Russia for the NotPetya ransomware attacks, which crippled businesses all over Europe back in June 2017 with a particularly nasty and destructive strain of ransomware. Last Thursday, the White House press secretary Sarah Sanders stated that NotPetya was “a reckless and indiscriminate cyber-attack that will be met with international consequences”, squarely blaming the Russuan Military and the Kremlin for causing billions of dollars’ worth of damage to businesses and states alike. The same day, the British defence secretary Gavin Williamson accused the Russian government of “undermining democracy”, after the attack, which was primarily aimed at the Ukraine, spread uncontrolled throughout Europe and beyond and caused major disruption to commerce and public services.


NotPetya has been described as a destructive political move disguised as a normal criminal attack seeking financial gain.

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HSE, Dublin County Council, Department of Argiculture and More Hit by Crypto-Mining Cyber Attack

Ireland is claimed to be wide open to attacks from cyber criminals and rogue states, following an incident in which over 4000 websites around the world were hacked and used to mine crypto-currency. First reported by The Register, the breach affected the Department of Argicultures, Dublin City Council and Fingal, Cork, Wexford and Offaly county councils, and it is suspected to have also affected the websites of the Oireachtas, the Broadcasting Authority of Ireland, Women’s Aid and the Central Remedial Clinic. The crypto-mining attack was not limited to Irish websites, however, as the Information Commisioner’s Office in the UK, the United States courts and many more sites belonging to governments and organisations were also hit.


Over 4000 websites around the world were affected in the crypto-mining attack, many of which belonged to government organisations

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European Commission Publishes Extra Guidance – Four Months to GDPR

The European Commission has published additional guidance on the upcoming General Data Protection Regulation and how it is expected to affect businesses. The document aims to summarise the purpose and benefits of the GDPR, while also outlining steps that organisations need to take in preparation for the regulation and discussing the steps that the Commission plans to take in the coming months. The European Commission has also taken this opportunity to launch a new online tool to help businesses (particularly small and medium-sized enterprises) meet GDPR compliance in time for the May 25th deadline.


A recent government survey indicates a lack of GDPR awareness among businesses and other organisations

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Antivirus Experts Discover Malware Samples Designed to Exploit Meltdown and Spectre

It looks like the Meltdown and Spectre fiasco is only just getting warmed up. Security researchers at antivirus testing firm AV-TEST have discovered more than 130 samples of malware that attempts to leverage the Meltdown and Spectre vulnerabilities. The malware samples analysed by AV-TEST appear to be mostly Poof-of-Concept code, and still in the research phase, however, it is believed that cyber criminals will be similarly experimenting with malware that utilises these vulnerabilities.


Meltdown and Spectre will haunt IT systems for years to come, potentially, as between them they can affect most processors in use since 1995

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