It’s hard to deny how quickly the different types of ransomware multiply -- they do so faster than rabbits during mating season. Ransomware vary in appearance, subtlety, and targets. The latest addition to the extensive list of ransomware varieties is Fantom. This cybersecurity nightmare adopts a facade that many would have no qualms trusting. Like many other things, these technologically menacing forces are like “a wolf in sheep’s clothing” -- impending danger lurks beneath the most seemingly innocent guises.
The Internet is a powerful platform that brings people together on a global level while giving them access to a wealth of information anytime they please. With the good, comes the bad - some utilize their skills in committing cyber crimes from the comfort of their own homes. Case in point, the recent Cerber ransomware attacked that ravaged millions of Microsoft Office 365 users worldwide. Here’s what a security expert and Microsoft had to say about the matter:
The financial services industry has long been a heavily targeted sector by cyber criminals. The number of attacks that involved extortion, social-engineering and credential-stealing malware surged in 2015. This means that these institutions should strive to familiarize themselves with the threats and the agents behind them. Here are 7 new threats and tactics, techniques and procedures (TTP’s) that security professionals should know about.