Cyber Attacks

Cryptocurrency platforms have been receiving  a lot of attention in 2017 due to the value spikes in Bitcoin, Litecoin, Etherium, etc. Coincidentally, it seems whenever there is a massive data breach, hackers are looking to get paid in bitcoin or another cryptocurrency.

IBTimes recently published a story regarding a hack on a cryptocurrency platform called CoinPouch, in which hackers targeted Verge and stole $655,000 from the CoinPouch cryptocurrency wallet.  However, while CoinPouch blamed the hack on the Verge node, the firm set up to handle Verge transactions for its users, Verge maintains that CoinPouch was hacked because the app “wasn’t secured properly on their side”.

With this being said, Evolve MGA understands the importance of cyber protection regardless of the industry or the size of your business, every business needs to put a cyber policy in place in order to stay protected against hackers and IT incidents. Be PROACTIVE, not REACTIVE!

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Uber makes the headlines yet again after their CEO disclosed that not only were 57 million peoples data compromised, but the ride hailing app paid the hacker $100,000 to keep this data breach from surfacing.  2017 has been nothing short of a roller coaster ride for Uber, but what makes this event so alarming was the lengths in which the company went to keep this story under wraps. 

We can #deleteuber and criticize them all day about their inability to protect their (our) data, but moral of the story is companies can proactively protect themselves from these security breaches by implementing a cyber insurance policy. Regardless of the size of your company, Evolve MGA can ensure your company will be safe if and when a cyber crime occurs. 

Click here to learn more about this incident and feel free to check out www.evolvemga.com to learn more about how we can protect your business from future cyber attacks! #EvolveMGA

LOCAL NEWS: Sacramento regional transit system was attacked by a hacker last night, which resulted in over 30 million files being deleted.  Although the RT was able to work through this attack without much affect on ride goers, authorities believe that the hacker is an amateur who likely had an exploit that he was running in the background on his machine, and then got a hit, displaying the opportunity to hack RT.

Evolve MGA understands the importance of cyber protection regardless of the industry or the size of your business, every business needs to put a cyber policy in place in order to stay protected against hackers and IT incidents. Be PROACTIVE, not REACTIVE!

To read more about this cyber crime, click here!

Banking Trojan, Terdot, was first discovered in 2016 and has since evolved its attack based on recent studies. Initially designed to operate as a proxy to conduct man-in-the-middle (MitM) attacks, steal browsing information such as stored credit card information and login credentials and injecting HTML code into visited web pages.

Bitdefender discovered that #Terdot now been revamped with new espionage capabilities such as leveraging open-source tools for spoofing SSL certificates in order to gain access to social media and email accounts and even post on behalf of the infected user. Terdot can target #socialmedia networks including #Facebook, #Twitter, #GooglePlus, and #YouTube, and email service providers including Google’s #Gmail, Microsoft’s live.com, and #Yahoo Mail. 

The #bankingtrojan is mostly being distributed through websites compromised with the SunDown Exploit Kit. If clicked, it executes obfuscated JavaScript code that downloads and runs the malware file. In order to evade detection, the Trojan uses a complex chain of droppers, injections, and downloaders that allow the download of Terdot in pieces.

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In the result of your company being compromised by a banking trojan similar to Terdot, Evolve MGA cyber policy, EVO 3.0, covers policyholders in the event their cloud data is hacked, lost, or stolen.

Big breaches are bad and we often hear about the massive data breaches that occur within big businesses, but a recent study conducted by Google, Cal Berkeley, and the Int’l Computer Science Institute revealed that there are hundreds of thousands of individuals who fall victim to phishing and keyloggers every week.  Hackers manipulate people by creating fraudulent, look-alike web pages that look professional enough to trick people into divulging their login credentials.

All to often, this gives hackers access to recycled credentials used for other sensitive data.  To get a sense of the magnitude of these recurring attacks, Google’s search crawler tracked black hat sub forums to learn more about credential trading and found large scale results.

From March 2016 through March of this year, researchers identified potential credential-theft victims and found 1.9 billion usernames and passwords on the underground forums that resulted from data breaches. Phishing kits potentially compromised 12.4 million victims, and off-the-shelf keyloggers hit as many as 788,000 people, the study shows.

Every business needs to put a cyber policy in place in order to stay protected against hackers and IT incidents. Be PROACTIVE, not REACTIVE! Evolve MGA

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