The company said it had no evidence the incident affected its own network and remains fully operational.
The demanded ransom is often a moderate amount that would pale in comparison to the recovery and reputational costs for a company that refuses to pay.
“Ring does not fulfill its core promise of providing privacy and security for its customers, as its camera systems are fatally flawed,” the suit says.
Understanding the business model behind cybercrime can be a helpful thought experiment to help CFOs allocate appropriate resources to cyber defenses.
The lab testing giant says a hacker gained access to personal data of about 11.9 million patients that it had provided to a billing collection service.
The bank alleges a Philippine institution conspired with North Korean hackers to make fraudulent transfers from its account at the New York Fed.
More than half of top executives at small businesses don't believe their company is a target for cyber-criminals. They're wrong.
The strain of ransomware that was reportedly used in the attack on LabCorp can "effectively lock down a computer, encrypting all the files inside."
Vulnerabilities in the popular PGP and S/MIME email encryption standards could expose plaintext versions of messages to attackers.
More than four in five IT security practitioners admit that their companies' knowledge assets likely have been breached.
A security firm says more than five million payment cards issued to customers of Saks Fifth Avenue and Lord & Taylor were stolen.
The breach could turn out to be the most costly in corporate history, with Equifax expecting another $275 million in costs this year.
