Hackers are Using Coronavirus Maps to Spread Malware

Beingcrypto | March 17, 2020

Hackers have been using the fear of the coronavirus to spread an infection of their own in the form of malware that has been discovered within coronavirus tracking maps. [TechRadar] This marks yet another way that bad actors have taken advantage of the fears of the current virus outbreak, which is already disrupting businesses around the world on its own. As usual, cybercriminals are using any confusion, fear, resulting in chaos to capitalize on people’s fears. This is not even the first time something like this was done — back in January of this year, hackers launched a coronavirus-based email campaign to infect people with malware. Now, they have expanded their reach and are using online maps for the same purpose. Shai Alfasi, from Reason Labs, recently reported that hackers are creating fake versions of such maps and dashboards to steal information. They are after data including passwords and user names, credit card numbers, and any other sensitive data that they can collect.

Spotlight

As attacks against infrastructures become more sophisticated and targeted, protecting accounts and credentials will be more important than ever. Organizations will need to understand who might be a high value target because of their access to sensitive information and do a better job of verifying the identity of users before providing access to sensitive resources. At the same time, organizations will also need to deploy advanced measures to monitor user activities and detect suspicious behavior before it negatively impacts the business.

Spotlight

As attacks against infrastructures become more sophisticated and targeted, protecting accounts and credentials will be more important than ever. Organizations will need to understand who might be a high value target because of their access to sensitive information and do a better job of verifying the identity of users before providing access to sensitive resources. At the same time, organizations will also need to deploy advanced measures to monitor user activities and detect suspicious behavior before it negatively impacts the business.

Related News

New Zealand stock exchange hit by cyber attack for second day

theguardian | August 26, 2020

New Zealand’s stock market has been interrupted by an apparent overseas cyber attack for the second day running. The Wellington-based NZX exchange went offline at 11.24am on Wednesday and although some connectivity was restored for investors, some trading was halted. The NZX said it had experienced “network connectivity issues” and that the NZX main board, NZX debt market and Fonterra shareholders market were placed on halt. However it then announced that those areas would resume trading with the rest of the market at 3pm on Wednesday.

Read More

DATA SECURITY

RevBits to Become a Member in Forbes Technology Council

RevBits | January 25, 2022

Forbes Technology Council, an invitation-only club for world-class CEOs, CIOs, CTOs, and technology leaders, has approved RevBits, a developer of innovative cybersecurity solutions. Through its multiple cyber solutions, all available in this fully integrated platform, RevBits award-winning and patent-protected Cyber Intelligence Platform (CIP) delivers new levels of security IQ. A screening team examined and chose RevBits CEO David Schiffer based on the breadth and diversity of his experience. Acceptance criteria include a track record of positively influencing corporate growth indicators, as well as personal and professional accomplishments and distinctions. "We are honored to welcome RevBits and Mr. Schiffer into the community," said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Technology Council. "Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world." David has access to a range of exclusive options as a Council member, all of which are designed to help him achieve peak professional influence. In a private forum, he will connect and collaborate with other notable local leaders. David will also be invited to collaborate with a professional editorial team to contribute to published Q&A panels alongside other experts and provide his expert ideas in unique business stories on Forbes.com. Finally, the Forbes Councils member concierge staff will provide RevBits with unique access to approved business service partners, membership-branded marketing collateral, and high-touch assistance. "I am excited to join Forbes Technology Council, The name Forbes means something important in the business community and to be associated with Forbes is an honor." The opportunity to have RevBits, and our innovative suite of cybersecurity solutions, have access to the Forbes Technology Council community is a great thing." David Schiffer, CEO at RevBits

Read More

DATA SECURITY

Coalition Launches Captive to Accelerate its Growth in Cyber Insurance

Coalition | December 14, 2021

Coalition, the world's largest commercial insurtech provider, today announced it will launch a new captive to begin taking risk on its cyber insurance programs. With this captive, Coalition will enhance its ability to manage capacity and its long-term growth objectives while further aligning incentives with its customers. Coalition's technology-driven approach is powering a new, more successful model of risk management, which has resulted in policyholders experiencing 70% fewer cyber claims when compared to other carriers in the market. In 2021, the success of Coalition's underwriting model was validated by long-term capacity agreements from multiple A+ rated carriers. Coalition has delivered superior claims results amidst significant growth as it crosses $400M in run rate premium, an 800% increase over the prior year. "Today's announcement demonstrates our unwavering commitment to protecting businesses from cyber risk, and our confidence in Coalition's approach to underwriting and risk management,Coalition provides businesses with the most comprehensive insurance available backed by the financial strength of multiple A+ rated insurers. With our new captive, we add another layer of security and stability, and more closely align our financial incentives with our customers." Shawn Ram, Head of Insurance at Coalition Dovid Tkatch, Coalition's recently appointed Head of Insurance Infrastructure and Actuarial Science, will support development of the captive as well as oversee pricing, reserving, capital requirements, and regulatory compliance. Coalition's broker platform integrates real-time security, financial, regulatory, and transactional data to create a seamless quoting experience where brokers can generate bindable quotes in just 5 minutes. Today Coalition serves over 130,000 customers with digitally-powered insurance that can leverage vast amounts of data to assess, mitigate, and measure risk for businesses. About Coalition Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk. Backed by leading global insurers Swiss Re Corporate Solutions, Arch Insurance, Lloyd's of London, and Zurich North America, Coalition provides companies with up to USD $15 million of cyber and technology insurance coverage in the United States, CAD $20M of coverage in Canada, and up to USD $5 million of D&O and EPL coverage in the United States. Coalition's cyber risk management platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyber attacks.

Read More