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Colonial Pipeline Ransomware Attack Rattles Power Industry, Renews Vulnerability Concerns


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Colonial Pipeline Ransomware Attack Rattles Power Industry, Renews Vulnerability Concerns
A ransomware incident on May 7 that prompted Colonial Pipeline Co., owner of the nation’s largest refined products pipeline, to proactively shut it down underscores the punch cyberthreats can pose to organizations, “regardless of size or sector,” the U.S. Cybersecurity and Infrastructure Security Agency (CISA) has warned.  
Five days after Colonial Pipeline first learned it was the victim of a cyberattack, the Alpharetta, Georgia-headquartered company continued to restore operations on the 5,500-mile pipeline, which transports more about 45% of all fuel consumed on the East Coast from refineries primarily in the Gulf Coast. The White House on Monday said the Biden admi ....

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As financial transactions rise, local sector advised to improve threat intelligence


With the rise in local digital money transactions during the pandemic, it’s crucial for the financial sector to integrate security and improve their threat intelligence capabilities, according to cybersecurity company Kaspersky.
“For the large majority of cybercriminals, easy money is the prime motivator. And the financial sector is uniquely positioned to be a target of attacks regardless of season because it’s always where the money is. The growth of digital financial services in the Philippines, like in other parts of the region, is creating new and heightened risks for both service users and service providers. In this case, technology will be the game-changer,” said Yeo Siang Tiong, General Manager for Southeast Asia, Kaspersky. ....

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Over a fifth of PC users continue to operate Windows 7


Over a fifth of PC users continue to operate Windows 7
Over a fifth of PC users continue to operate Windows 7
Turns out not everyone heeded the call to upgrade.
Credit: IDG / Microsoft
Globally, 22 per cent of PC users continue to run the outdated Windows 7 operating system, according to cyber security firm Kaspersky. 
Microsoft ended Windows 7 support on 14 January 2020 as the 10-year period for which it promised to provide support for the operating system, which was released in October 2009, came to an end.  
The move to cease support meant that technical assistance and software updates from Windows Update that help protect PCs were no longer available for the product.   ....

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