hackers Archives - CFO

Brokerages Fined Over Cybersecurity Failures

Risk & Compliance

Brokerages Fined Over Cybersecurity Failures

The SEC says inadequate security at three firms resulted in the information of customers being compromised through email account break-ins.

By Matthew Heller | August 30, 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

U.S. Recovers $2.3M in Bitcoin From Colonial Pipeline Hackers

U.S. Recovers $2.3M in Bitcoin From Colonial Pipeline Hackers

The cryptocurrency was used to pay the ransom in the attack on the Colonial Pipeline system.

By Lauren Muskett | June 8, 2021

AM Best Warns of ‘Grim’ Future for Cyber Insurers

AM Best Warns of ‘Grim’ Future for Cyber Insurers

The increase in cyber losses outstripped rate hikes last year, suggesting "more trouble for 2021 as ransom demands continue to grow."

By Matthew Heller | June 7, 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

Cryptocurrency Crime Fell Last Year

Risk & Compliance

Cryptocurrency Crime Fell Last Year

A report by CipherTrace finds that losses from cryptocurrency theft fell 57% in 2020.

By Lauren Muskett | January 28, 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

Nation-State Hackers Breach Cybersecurity Firm

Nation-State Hackers Breach Cybersecurity Firm

The hack of FireEye "demonstrates that even the most sophisticated companies are vulnerable to cyberattacks."

By Matthew Heller | December 9, 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

Chinese Nationals Charged With Hacking Attacks

Chinese Nationals Charged With Hacking Attacks

“The United States government is starting to turn the tide on Chinese intrusion operations on Western companies and targets."

By Matthew Heller | September 17, 2020

Twitter Bitcoin Hack Caused by Phone-Based Phishing Attack

Twitter Bitcoin Hack Caused by Phone-Based Phishing Attack

The attack exploited human vulnerabilities to gain access to its internal systems.

By Lauren Muskett | July 31, 2020

Cybersecurity Insurer Chubb Hit With Possible Ransomware Attack

Cybersecurity Insurer Chubb Hit With Possible Ransomware Attack

The company said it had no evidence the incident affected its own network and remains fully operational.

By Lauren Muskett | March 27, 2020

Attacked by Ransomware, Many Companies Opt to Pay Up

Attacked by Ransomware, Many Companies Opt to Pay Up

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.

By David McCann | February 14, 2020

Ring Suit Alleges Cameras Vulnerable to Hackers

Ring Suit Alleges Cameras Vulnerable to Hackers

“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.

By Matthew Heller | December 27, 2019