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Massive cyberattack spreads ransomware across Europe, US

A massive cyberattack that freezes computers and demands a ransom to open them has hit companies in the U.S. and elsewhere around the world today, U.S. officials and private cybersecurity analysts said. Among the American targets are the giant Merck pharmaceutical company in New Jersey; the Mondelez food company, which produces Oreo cookies; and a …

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$1 Million Ransomware Payment Has Spurred New DDoS-for-Bitcoin Attacks

The $1 million ransom payment paid last week by South Korean web hosting company Nayana has sparked new extortion attempts on South Korean companies. According to local media, seven banks have received emails that asked the organizations to pay ransoms of nearly $315,000 or suffer downtime via DDoS attacks. Only five of the seven targets …

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Dems: FCC DDoS Attack Raises Cybersecurity Questions

Looking for lots more answers on net neutrality docket. If the FCC was subject to multiple DDoS attacks that affected input in the Open Internet comment docket, leading House Democrats say that raises questions about the FCC’s cybersecurity preparedness that need answers. That came in letters to the FCC and National Cybersecurity and Communications Integration …

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Why the Internet of Things could lead to the next great wave of DDoS attacks

Businesses should ensure that they are still securely protected against DDoS attacks, despite the recent growth of other trends such as ransomware. That’s the warning from Arbor Networks, which is urging organisations of all sizes to make sure they stay safe online as DDoS attacks are still rife around the world. Speaking to ITProPortal at …

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Hacked: How Business Is Fighting Back Against the Explosion in Cybercrime

Business is under assault from cybercriminals like never before, and the cost to companies is exploding. Here’s what you need to know about safeguarding your digital assets. 1. Under attack In the summer of 2015, several of New York’s most prestigious and trusted corporate law firms, including Cravath Swaine & Moore and Weil Gotshal & …

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