Cyber Attacks

As if the Panama Papers release wasn’t alarming and damaging enough for those affected, the Bermuda Cyber Attack is on the verge of exposing all of the confidential and potentially shady business of some of the most powerful people in the world.

Information surrounding high net worth individuals and influential businesses has been released to a number of media companies, which in turn has led to those potentially affected to gear up with legal firms and PR consultants (who will be billing at an hourly rate).

Appleby law firm, which is based in Bermuda and probably has connections to tax affairs, probably doesn’t have hacker insurance to protect it from the “data security incident” that is most likely going to cost them A LOT of MONEY and heat from the government.

EvolveMGA ‘s hacker insurance protects businesses in the event they experience a similar hack attack. Head over to our homepage to Get a Quote!

If you’d like to read more about the Bermuda cyber attack, click here!

Telegram messenger is one of the latest hack attacks that resulted in the spread of malware to mine cryptocurrency. Originally discovered in October of 2017 by Kaspersky Labs, cybercriminals tricked victims into downloading malicious malware onto their PCs that exploits their CPU power in order to mine ZCash and Monero.

According to Kaspersky Lab, the hackers used a hidden RLO Unicode character in the file name that reversed the order of the characters, thus renaming the file itself, and send it to Telegram messenger users. In this zero-day vulnerability, users who downloaded the malware, provided unnoticed, remote, computer access to hackers who then infected the victim’s computers with additional malicious softwares.

Although it wasn’t reported, we can assume in a scenario similar to Telegram Messenger’s hack that post breach spendings can include the following: data breach attorneys, computer forensic experts, and PR consultants, all billing at an hourly rate.

EvolveMGA‘s hacker insurance protects businesses in the even they experience a similar hack attack. Head over to our website to Get a Quote!

Check out The Hacker News for more information on this story.

Researchers at Flashpoint found a new and thriving online marketplace where illicit booking services are offering rewards points for luxurious vacations at the expense of victims who have experienced account exposures. Cybercriminals have been accessing lucrative rewards sites via stolen bank account and credit card information in order to fund their posh vacations to some of the most beautiful places in the world. It is reported that over 3,600 vacations have been taken on victims points since 2015.

Although some providers are refunding stolen points, Flashpoint recommends improving security on rewards sites to avoid unexpected phishing attacks as hackers us brute-force password stealing software to expose credentials. All in all, individuals who practice safe security measures for their own accounts often translate into safe security practices for their respected employers.

With that in mind, EvolveMGA ‘s hacker insurance protects businesses in the event they experience a similar hack attack. Head over to our website to Get a Quote!

If you’d like to read more about this cyber attack on rewards points, check out the Independent.

If you’d like to read more about the Olympic Destroyer malware, click here!

WordPress powered businesses are at risk of being exposed by severe vulnerabilities due to the latest discovery from Barak Tawily, a security researcher. According to Tawily, an application-level denial of service in the WordPress CMS platform could potentially allow hackers to infiltrate most websites with a single machine (opposed to a typical network-level DDoS attack which needs a massive amount of bandwidth).

According to The Hacker News, WordPress has refused to acknowledge this potential vulnerability, saying that it should be mitigated at the server end or network level opposed to the application level, which is outside the control of WordPress. Considering WordPress powers nearly 30% of the web, this security risk can expose millions of website to hackers making them unavailable for legitimate users.

Evolve MGA’s hacker insurance protects businesses in the even they experience a similar hack attack. Head over to our website to Get a Quote and learn more about our coverage.

If you’d like to read more about the vulnerabilities surrounding this DoS in the WordPress CMS platform, click here.

Cybercriminals are getting more innovative and untraceable every day, which makes being protected with hacker insurance more vital to your business’ future. Forcepoint Labs recently discovered a new strain of malware, called UDPoS (User Datagram Protocol Point of Sale), that relies on the UDP DNS traffic to expose credit card information from POS systems.

This news comes just weeks after Jason’s Deli (a well known fast casual restaurant chain) was hacked by cybercriminals who exposed over 2 million payment cards were stolen across 14 states. Although cost hasn’t been disclosed, it has been proven that such attacks can result in business interruption, credit monitoring fees for all customers effected, harmful reputation (or loss of customers), computer forensic investigators, etc.

Currently there is no evidence that UDPos malware has stolen any payment card information, Forcepoint Labs explains that the malware is capable of doing so successfully.

Evolve MGA’s hacker insurance protects businesses in the even they experience a similar hack attack. Head over to our website to Get a Quote and learn more about our coverage.

To read more about UDPoS, head over to The Hacker News.