cyberattack Archives - CFO

Budgeting for Cybersecurity Requires a New Approach

Budgeting for Cybersecurity Requires a New Approach

It’s time for CFOs to dump the traditional line-item method to setting cybersecurity spending.

By Vincent Ryan | September 7, 2021

Hackers in Ransomware Attack Demand $70M

Hackers in Ransomware Attack Demand $70M

The Russian group REvil has offered to unscramble all computers affected by its massive hack in return for $70 million in cryptocurrency.

By Matthew Heller | July 6, 2021

Sunburst Hack Costs SolarWinds At Least $18M

Sunburst Hack Costs SolarWinds At Least $18M

The company expects to incur "significant legal and other professional services expenses" associated with the hack of its software in future quarters.

By Matthew Heller | April 14, 2021

Russia Hack Targeted Specific Microsoft Customers

Russia Hack Targeted Specific Microsoft Customers

The company says the hackers' malware attack enabled them to select more than 40 customers for "narrower and more focused" measures.

By Matthew Heller | December 18, 2020

Hack of U.S. Agencies Tied to Software Updates

Hack of U.S. Agencies Tied to Software Updates

The hackers appear to have used a "supply-chain attack" to breach the computer systems of federal agencies including the Treasury and Commerce departments.

By Matthew Heller | December 15, 2020

Ransomware Hackers Hit UHS Hospital Chain

Ransomware Hackers Hit UHS Hospital Chain

The attack on Universal Health Services left doctors and nurses scrambling to render care, with computers replaced by pen and paper.

By Matthew Heller | September 29, 2020

Norsk Hydro Hit by Extensive Cyberattack

Norsk Hydro Hit by Extensive Cyberattack

The attack on one of the world’s largest aluminum producers sent ripples through the market for the metal.

By Lauren Muskett | March 19, 2019

Atlanta Hack Highlights Ransomware Dangers

Atlanta Hack Highlights Ransomware Dangers

The crippling attack on Atlanta's network shows that local governments need to “start considering cybersecurity on the same level as public safety.”

By Matthew Heller | March 28, 2018

How Fake News May Lead Us to a Cyberwar

How Fake News May Lead Us to a Cyberwar

To put it bluntly, fake news itself is a form of cyberattack that will only grow significantly in 2018 and beyond.

By Joe Carson | February 5, 2018

June Cyberattack Bites Into Nuance Revenues

June Cyberattack Bites Into Nuance Revenues

The NotPetya malware hit Nuance's cloud-based dictation and transcription services for hospitals and health systems, costing it $53 million in Q4 revenue.

By Matthew Heller | December 1, 2017

Deloitte Confirms Hack Breached Email System

Deloitte Confirms Hack Breached Email System

The hack may have compromised confidential client data and is “a deep embarrassment for Deloitte," which itself provides cybersecurity services.

By Matthew Heller | September 26, 2017

SWIFT to Add Daily Reports to Anti-Fraud Tools

SWIFT to Add Daily Reports to Anti-Fraud Tools

The financial messaging system has been beefing up customer security after a recent wave of high-profile cyberattacks.

By Matthew Heller | September 21, 2016

Bitfinex Hack Fuels Bitcoin Security Concerns

Bitfinex Hack Fuels Bitcoin Security Concerns

Experts say the theft of 120,000 bitcoins from the Hong Kong digital currency exchange could spook potential investors.

By Matthew Heller | August 4, 2016

SWIFT Hires Security Firms to Fight Hackers

SWIFT Hires Security Firms to Fight Hackers

The addition of BAE Systems and Fox-IT to SWIFT's security team follows the use of its payment platform in a cyber attack on a Bangladesh bank.

By Christopher Hosford | July 11, 2016

Wendy’s Says Hack Hit More Payment Terminals

Wendy’s Says Hack Hit More Payment Terminals

The burger chain reports cyberattackers used malware to breach a second POS system, accessing payment card data that may have been used for fraud.

By Matthew Heller | June 10, 2016