The WannaCry Ransomware outbreak started hitting the headlines around the world on May 12th. This is just the latest in a particularly pernicious type of exploit, which typically involves locking or encrypting data to render a computer unusable, and then demanding a ransom to have that encryption removed. Sadly, many victims have felt compelled to pay up, even when there is no guarantee their system will recover, which only encourages criminals to repeat their behavior.
Exploits of this nature are entirely indiscriminate in the way they target their victims, seeking out any unpatched machine or unwary user. Unfortunately this means that even systems crucial to protecting lives can be affected, as was the case with WannaCry. The ransomware hit, among many others, the UK’s National Health Service, causing severe disruption to vital services. This was not the first attack of this kind, and we can be sure it won’t be the last.
This attack serves as a reminder of the importance of keeping our computer systems patched, but human nature being what it is, there will always be systems vulnerable to attack. So what else can we do to protect ourselves? Fortunately, Cisco invests heavily in security technology and boasts the industry’s foremost threat intelligence organization, Talos.
Among the tools maintained by Talos is Snort, the industry leading intrusion detection and prevention technology, which is integrated into every Meraki MX. Snort performs real-time traffic analysis and packet logging in order to identify traffic patterns that match known threats. The good news for Meraki MX customers is that if they have Intrusion Prevention enabled and set to the ‘security’ ruleset on the Threat Protection page, the signatures for WannaCry are already in place, having already been added to the Snort database. For this outbreak we’ve taken the additional measure of adding them to the ‘balanced’ ruleset as well, to protect a broader set of customers against this threat.
We’re proud of our integration of critical Cisco security technologies like Snort and Advanced Malware Protection into our MX platform, ensuring that customers who choose Meraki enjoy world-class protection for their valuable network assets.
As is indicated in the article below, titled: Hackers who infected 200,000 machines have only made $50,000 worth of bitcoin, Bitcoin for ransomware definitely complicates the disaster recovery process! It takes time to get educated on Bitcoin, to learn how and where to obtain Bitcoin. It can sometimes take more than 2 days to just get verified to be able to purchase a few hundred dollars in Bitcoin, which quite often is not enough to meet the ransom required to decrypt the files. We, at Innovativ IT have helped multiple local companies in Houston purchase Bitcoins through third parties, in order to meet the ransom and get their data back. Contact Innovativ IT to purchase large quantities of Bitcoin quickly. We have over 2 years of Bitcoin experience for ransomware recovery.
Hackers who locked files on 200,000 computers globally and asked for a bitcoin ransom payment to unlock them, have only made around $50,000, an industry source told CNBC, despite the large scale of the attack.
On Friday, a virus known as WannaCry infected machines across 150 countries. It’s known as ransomware which is a malicious piece of software that encrypts a user’s files then demands them pay money to unlock them. In this case, the hackers asked for $300 worth of bitcoin.
James Smith, CEO of Elliptic, a London-based start-up that helps law enforcement agencies track criminals using the cryptocurrency, said his company had uncovered that since Friday, around $50,000 worth of bitcoin payments have been made to the hackers by 7 a.m. ET on Monday. This was up from $45,000 at 4 a.m. ET.
“We have seen the number of payments start to go up today,” Smith told CNBC Monday.
After 72 hours from when the attack started on Friday, the hackers said the fine would double to $600, and after seven days, the files would be permanently locked.
“We think over the course of today as we approach the first deadline where fines double we will see a bigger increase (in bitcoin payments),” Smith added.
The amount paid so far is still a small amount despite the global nature and scale of the attack. Security experts and government agencies have been urging people not to pay the ransom.
Why payments have been slow
One of the major reasons for the slow payments is perhaps because many people wouldn’t know how to obtain and pay in bitcoin.
“If a business is told it needs to pay this amount of bitcoin, most companies will be asking what bitcoin is … it’s not straightforward,” Smith explained.
Obtaining large amounts of the cryptocurrency might take some time, and then setting up an account via a bitcoin wallet and exchange would also require a long onboarding process.
At the same time, researchers have seen no evidence that paying the cybercriminals necessarily unlocks your files.
“The decryption process itself is problematic, to say the least,” cybersecurity firm Check Point said in a blog post on Sunday.
“Unlike its competitors in the ransomware market, WannaCry doesn’t seem to have a way of associating a payment to the person making it. Most ransomware … generate a unique ID and bitcoin wallet for each victim and thus know who to send the decryption keys to. WannaCry, on the other hand, only asks you to make a payment, and then … wait.”
Hackers who deploy ransomware often ask for payments in bitcoin as it is often believed to be completely anonymous. But law enforcement agencies, working with companies like Elliptic, have figured out ways to trace this.
It traces so-called bitcoin addresses back to people. These addresses are required to make payments to other people or organizations. At the moment, Elliptic is working on trying to trace the payments, but Smith said this would become clearer when the hackers try to withdraw their bitcoin in fiat currency.
“The attackers haven’t moved it. In previous cases we have been able to work with law enforcement to see where the funds move because ultimately the attacker wants to turn it back into a currency they want to spend,” Smith explained.
Security experts will tell you that one of the best ways to protect yourself from a malware infection or security breach is to keep your software up-to-date. Running outdated versions that cybercriminals can compromise is simply a bad idea. So, why would anyone put off installing a Windows update that Microsoft considered critical, like the one that fixed a vulnerability exploited by the WannaCry ransomware?
Sometimes it’s because system administrators fear that some part of the update process could go awry and lead to service interruptions. Even when things do go as planned, there can still be unwanted complications. That’s the reality five Australian hospitals are dealing with this week.
In the wake of the WannaCry outbreak, Queensland Health moved quickly to ensure that the proper protections were put in place. In addition to Windows, Citrix and clinical workflow software from Cerner was also patched. While the updates “protected the integrity of [hospital] systems and data,” they have also made it difficult for some staff to access medical record systems.
Just two months passed from Wikileaks’ revelation of the EternalBlue exploit to when WannaCry began spreading. That isn’t a lot of time to test and update every piece of computer equipment that needs to be patched, especially in an incredibly complex environment like a hospital. There’s far more to worry about than just desktop computers or laptops. Windows computers are also embedded into medical imaging and diagnostic equipment, and some were vulnerable to the attack.
When fixes need to be applied in a hurry, there’s always a chance that there will be side effects. Still, patching against WannaCry and any future copycat malware was important enough for Queensland Health to take the risk.
In the past, this could’ve been a tough sell. In 2017, however, the “if it ain’t broke, don’t fix it” mentality can’t be applied to computer systems. Advice from the United States Computer Emergency Readiness Team (US-CERT) is very clear: “Vulnerable applications and operating systems are the target of most attacks. Ensuring these are patched with the latest updates greatly reduces the number of exploitable entry points available to an attacker.”
Yes, Queensland Health is coping with some issues accessing their systems. Trouble logging in or accessing records is, however, a huge step up from having an entire network ransomed, servers full of critical data lost, and surgical procedures interrupted.
Friday’s cyber-attack has affected more than 200,000 victims in 150 countries, Europol chief Rob Wainwright says.
He told the BBC the act was “unprecedented in its scale” and warned more people could find themselves affected on Monday morning.
The virus took control of users’ files, demanding payments; Russia and the UK were among the worst-hit countries.
Experts say another attack could be imminent and have warned people to ensure their security is up to date.
Mr Wainwright said that the ransomware – software that blocks access to data until a ransom is paid – was combined with a worm application – a program that replicates itself in order to spread to other computers.
This, he said, was allowing the “infection of one computer to quickly spread across the networks”.
He added: “That’s why we’re seeing these numbers increasing all the time.”
‘Patch before Monday’
Although a temporary fix earlier slowed the infection rate, the attackers had now released a new version of the ransomware, he said.
Companies need to make sure they have updated their systems and “patched where they should” before staff arrived for work on Monday morning, the EU law enforcement agency head said.
In England, 48 National Health Service (NHS) trusts reported problems at hospitals, GP surgeries or pharmacies, and 13 NHS organisations in Scotland were also affected.
What occurred was an “indiscriminate attack across the world on multiple industries and services”, Mr Wainwright said, including Germany’s rail network Deutsche Bahn, Spanish telecommunications operator Telefonica, US logistics giant FedEx and Russia’s interior ministry.
However, he said that so far “remarkably” few payments had been made by victims of the attack.
BBC analysis of three accounts linked with the global attack suggests the hackers have been paid the equivalent of £22,080.
If you are following the news, by now you might be aware that a security researcher has activated a “Kill Switch” which apparently stopped the WannaCry ransomware from spreading further.
But it’s not true, neither the threat is over yet.
However, the kill switch has just slowed down the infection rate.
Updated: Multiple security researchers have claimed that there are more samples of WannaCry out there, with different ‘kill-switch’ domains and without any kill-switch function, continuing to infect unpatched computers worldwide (find more details below).
So far, over 237,000 computers across 99 countries around the world have been infected, and the infection is still rising even hours after the kill switch was triggered by the 22-years-old British security researcher behind the twitter handle ‘MalwareTech.’
For those unaware, WannaCry is an insanely fast-spreading ransomware malware that leverages a Windows SMB exploit to remotely target a computer running on unpatched or unsupported versions of Windows.
Once infected, WannaCry also scans for other vulnerable computers connected to the same network, as well scans random hosts on the wider Internet, to spread quickly.
The SMB exploit, currently being used by WannaCry, has been identified as EternalBlue, a collection of hacking tools allegedly created by the NSA and then subsequently dumped by a hacking group calling itself “The Shadow Brokers” over a month ago.
“If NSA had privately disclosed the flaw used to attack hospitals when they *found* it, not when they lost it, this may not have happened,” NSA whistleblower Edward Snowden says.
Kill-Switch for WannaCry? No, It’s not over yet!
In our previous twoarticles, we have put together more information about this massive ransomware campaign, explaining how MalwareTech accidentally halted the global spread of WannaCry by registering a domain name hidden in the malware.
The above-mentioned domain is responsible for keeping WannaCry propagating and spreading like a worm, as I previously explained that if the connection to this domain fails, the SMB worm proceeds to infect the system.
Fortunately, MalwareTech registered this domain in question and created a sinkhole – tactic researchers use to redirect traffic from the infected machines to a self-controlled system. (read his latest blog post for more details)
Updated: Matthieu Suiche, a security researcher, has confirmed that he has found a new WannaCry variant with a different domain for kill-switch function, which he registered to redirect it to a sinkhole in an effort to slows down the infections.
The newly discovered WannaCry variant works exactly like the previous variant that wreaked havoc across the world Friday night.
But, if you are thinking that activating the kill switch has completely stopped the infection, then you are mistaken.
Since the kill-switch feature was in the SMB worm, not in the ransomware module itself., “WannaCrypt ransomware was spread normally long before this and will be long after, what we stopped was the SMB worm variant,” MalwareTech told The Hacker News.
You should know that the kill-switch would not prevent your unpatched PC from getting infected, in the following scenarios:
If you receive WannaCry via an email, a malicious torrent, or other vectors (instead of SMB protocol).
If by chance your ISP or antivirus or firewall blocks access to the sinkhole domain.
If the targeted system requires a proxy to access the Internet, which is a common practice in the majority of corporate networks.
If someone makes the sinkhole domain inaccessible for all, such as by using a large-scale DDoS attack.
MalwareTech also confirmed THN that some “Mirai botnet skids tried to DDoS the [sinkhole] server for lulz,” in order to make it unavailable for WannaCry SMB exploit, which triggers infection if the connection fails. But “it failed hardcore,” at least for now.
WannaCry 2.0, Ransomware With *NO* Kill-Switch Is On Hunt!
Initially, this part of story was based on research of a security researcher, who earlier claimed to have the samples of new WannaCry ransomware that comes with no kill-switch function. But for some reason, he backed off. So, we have removed his references from this story for now.
However, shortly after that, we were confirmed by Costin Raiu, the director of global research and analysis team at Kaspersky Labs, that his team had seen more WannaCry samples on Friday that did not have the kill switch.
“I can confirm we’ve had versions without the kill switch domain connect since yesterday,” told The Hacker News.
Updated: WannaCry 2.0 is Someone Else’s Work
Raiu from Kaspersky shared some samples, his team discovered, with Suiche, who analysed them and just confirmed that there is a WannaCrypt variant without kill switch, and equipped with SMB exploit that would help it to spread rapidly without disruption.
What’s even worse is that the new WannaCry variant without a kill-switch believed to be created by someone else, and not the hackers behind the initial WannaCry ransomware.
“The patched version matt described does attempt to spread. It’s a full set which was modified by someone with a hex editor to disable the kill switch,” Raiu told me.
Updated: However, Suiche also confirmed that the modified variant with no kill switch is corrupted, but this doesn’t mean that other hackers and criminals would not come up with a working one.
“Given the high profile of the original attack, it’s going to be no surprise at all to see copycat attacks from others, and perhaps other attempts to infect even more computers from the original WannaCry gang. The message is simple: Patch your computers, harden your defences, run a decent anti-virus, and – for goodness sake – ensure that you have secure backups.” Cyber security expert Graham Cluley told The Hacker News.
Expect a new wave of ransomware attack, by initial attackers and new ones, which would be difficult to stop, until and unless all vulnerable systems get patched.
“The next attacks are inevitable, you can simply patch the existing samples with a hex editor and it’ll continue to spread,” Matthew Hickey, a security expert and co-founder of Hacker House told me.
“We will see a number of variants of this attack over the coming weeks and months so it’s important to patch hosts. The worm can be modified to spread other payloads not just WCry and we may see other malware campaigns piggybacking off this samples success.”
Even after WannaCry attacks made headlines all over the Internet and Media, there are still hundreds of thousands of unpatched systems out there that are open to the Internet and vulnerable to hacking.
“The worm functionality attempts to infect unpatched Windows machines in the local network. At the same time, it also executes massive scanning on Internet IP addresses to find and infect other vulnerable computers. This activity results in large SMB traffic from the infected host,” Microsoft says.
Believe me, the new strain of WannaCry 2.0 malware would not take enough time to take over another hundred of thousand vulnerable systems.
Video Demo of WannaCry Ransomware Infection
Hickey has also provided us two video demonstrations, showing packet traces that confirm the use of Windows SMB vulnerability (MS17-010).
And Second one…
Since WannaCry is a single executable file, it can also be spread through other regular exploit vectors, such as spear phishing, drive-by-download attack, and malicious torrent files download, warned Hickey.
Get Prepared: Upgrade, Patch OS & Disable SMBv1
MalwareTech also warned of the future threat, saying “It’s very important [for] everyone [to] understand that all they [the attackers] need to do is change some code and start again. Patch your systems now!”
“Informed NCSC, FBI, etc. I’ve done as much as I can do currently, it’s up to everyone to patch,” he added.
As we notified today, Microsoft took an unusual step to protect its customers with an unsupported version of Windows — including Windows XP, Vista, Windows 8, Server 2003 and 2008 — by releasing security patches that fix SMB flaw currently being exploited by the WannaCry ransomware.
Even after this, I believe, many individuals remain unaware of the new patches and many organizations, as well as embedded machines like ATM and digital billboard displays, running on older or unpatched versions of Windows, who are considering to upgrade their operating system, would take time as well as it’s going to cost them money for getting new licenses.
So, users and organizations are strongly advised to install available Windows patches as soon as possible, and also consider disabling SMBv1 (follow these steps), to prevent similar future cyber attacks.
For god sake: Apply Patches. Microsoft has been very generous to you.
Almost all antivirus vendors have already been added signatures to protect against this latest threat. Make sure you are using a good antivirus, and keep it always up-to-date.
Moreover, you can also follow some basic security practices I have listed to protect yourself from such malware threats.
WannaCry has Hit Over 200,000 Systems in 150 Countries, Warned Europol
Update: Speaking to Britain’s ITV, Europol chief Rob Wainwright said the whole world is facing an “escalating threat,” warning people that the numbers are going up and that they should ensure the security of their systems is up to date.
“We are running around 200 global operations against cyber crime each year, but we’ve never seen anything like this,” Wainwright said, as quoted by BBC.
“The latest count is over 200,000 victims in at least 150 countries. Many of those victims will be businesses, including large corporations. The global reach is unprecedented.”
Above map is showing the WannaCry ransomware infection in just 24 hours.
This story is still updating, stay tuned to our Twitter page for more up-to-date information.
The malware spread quickly on Friday, with medical staff in the UK reportedly seeing computers go down “one by one”.
NHS staff shared screenshots of the WannaCry program, which demanded a payment of $300 (£230) in virtual currency Bitcoin to unlock the files for each computer.
Throughout the day other, mainly European countries, reported infections.
Some reports said Russia had seen more infections than any other single country. Domestic banks, the interior and health ministries, the state-owned Russian railway firm and the second largest mobile phone network were all reported to have been hit.
Russia’s interior ministry said 1,000 of its computers had been infected but the virus was swiftly dealt with and no sensitive data was compromised.
In Spain, a number of large firms – including telecoms giant Telefonica, power firm Iberdrola and utility provider Gas Natural – were also hit, with reports that staff at the firms were told to turn off their computers.
Coincidentally, finance ministers from the Group of Seven wealthiest countries have been meeting in Italy to discuss the threat of cyber-attacks on the global financial system.
They are expected to release a statement later in which they pledge greater co-operation in the fight against cyber-crime, including spotting potential vulnerabilities and assessing security measures.
How does the malware work and who is behind it?
The infections seem to be deployed via a worm – a program that spreads by itself between computers.
Most other malicious programs rely on humans to spread by tricking them into clicking on an attachment harbouring the attack code.
By contrast, once WannaCry is inside an organisation it will hunt down vulnerable machines and infect them too.
Some experts say the attack may have been built to exploit a weakness in Microsoft systems that had been identified by the NSA and given the name EternalBlue.
The NSA tools were stolen by a group of hackers known as The Shadow Brokers, who made it freely available in April, saying it was a “protest” about US President Donald Trump.
At the time, some cyber-security experts said some of the malware was real, but old.
A patch for the vulnerability was released by Microsoft in March, which would have automatically protected those computers with Windows Update enabled.
Microsoft said on Friday it would roll out the update to users of older operating systems “that no longer receive mainstream support”, such Windows XP (which the NHS still largely uses), Windows 8 and Windows Server 2003.
The number of infections seems to be slowing after a “kill switch” appears to have been accidentally triggered by a UK-based cyber-security researcher tweeting as @MalwareTechBlog.
He was quoted as saying he noticed the web address the virus was searching for had not been registered – and when he registered it, the virus appeared to stop spreading.
But he warned this was a temporary fix, and urged computers users to “patch your systems ASAP”.
Why do companies still use Windows XP? By Chris Foxx, technology reporter
Many jobs can be done using software everyone can buy, but some businesses need programs that perform very specific jobs – so they build their own.
For example. a broadcaster might need specialist software to track all the satellite feeds coming into the newsroom, and a hospital might need custom-built tools to analyse X-ray images.
Developing niche but useful software like this can be very expensive – the programming, testing, maintenance and continued development all adds up.
Then along comes a new version of Windows, and the software isn’t compatible. Companies then face the cost of upgrading computers and operating system licenses, as well as the cost of rebuilding their software from scratch.
So, some choose to keep running the old version of Windows instead. For some companies, that is not a huge risk. In a hospital, the stakes are higher.
This new ransomware known as Popcorn Time will decrypt your files if you forward the link to the ransomware to your contacts and two or more of them pay the ransom of two bitcoins, which cost more than $700 each.
To prevent being a victim of ransomware, it is imperative that you have the essential layers in place to protect your computers and data. The essentials are a working backup solution of all of your critical data from all PCs (laptops, desktops and servers), top of the line Anti-virus software running on all PCs, a good and properly configured firewall, good SPAM and Email security software, and general awareness of users (don’t click on links that look suspicious).
For more information, read:
AUTHOR: LILY HAY NEWMAN. LILY HAY NEWMAN
DEVIOUS RANSOMWARE FREES YOU IF YOU INFECT TWO OTHER PEOPLE
A PARTICULARLY NASTY malware that holds your data hostage until you pay up—just got more pernicious with a version that lets you sell out your friends instead of handing over your cash.
The diabolical software Popcorn Time, which is not at all affiliated with the Popcorn Time piracy app, shakes victims down like any other ransomware. If you can’t afford the one bitcoin payout or you’re feeling especially spiteful, you can share a link to download Popcorn Time in an attempt to infect others. If two of your victims pay up, the attackers give you the key to decrypt your data. It’s a bit like the movie It Follows, but for malware instead of killing.
MalwareHunter, a hacker with the MalwareHunterTeam research group, recently discovered Popcorn Time. It resembles any other malware in terms of infecting a computer, encrypting its drive, and locking you out. The social aspect is what makes it novel. It’s like sharing a referral code for cheap takeout or a free Uber ride. “The model for getting it off your system is sort of a pyramid scheme, multi-level marketing style approach,” says Kevin Butler, a cybersecurity and malware propagation researcher at the University of Florida. “It could certainly make for some interesting discussions amongst one’s group of friends if you’re trying to figure out who infected you with this malware.”
Hackers regularly get creative with ransomware, offering things like support desks where victims can negotiate their ransom. Popcorn Time goes further by tapping into eat-or-be-eaten instincts. It’s fascinating in its psychological gamesmanship, and indicative of experimentation in an already disruptive field. “The bad guys are making a lot of money and they’re going to make a lot more money. A certain percentage of those funds are going to go into research and development for them to try new things,” says Jeremiah Grossman, chief of security strategy at cybersecurity defense firm SentinelOne. “The bad guys are innovating.”
There’s some good news, though. First, the Popcorn Time code doesn’t appear to be finished. “It is still not perfect, but it’s getting better,” MalwareHunter says. “Infect more to get free key is already unique thing. This system is something you not see every day.”
It also remains to be seen how wide Popcorn Time spreads. “No one really knows if the mechanism is going to have any meaningful impact,” Grossman says. “You infect someone and you try to get them to infect other people. That’s a human-to-human process. Does it really scale versus all other ways, like mass-blast email? Does this process really work economically?”
Still, ransomware tends to cluster in families and strains that share similar attributes. Even if Popcorn Time isn’t a viral hit, hackers could study its successes and failures to make their own variations more effective. Your best bet? Avoid getting hit in the first place. Regardless of whether Popcorn Time spreads like a virus, there’s no reason to be patient zero.
If you’re using Yahoo for Email, you should stop ASAP, especially if you’re using Yahoo Email for business Email. Yahoo’s Email has proven to not be secure, and it’s also a lousy Email platform.
If you must maintain the Email address, we recommend that you setup forwarding your Yahoo mail to a new Email address at your company’s domain (ie @sony.com, @amex.com, etc.). If you don’t have your company’s domain name setup, along with Email services to your company’s domain, we at Innovatviv IT can get you going in no time. Using @yahoo or @gmail for your business Email is missing a branding opportunity, and makes your company look small and unprofessional.
If you choose to continue to keep your Yahoo Email account alive and functional, then we recommend you follow these guidelines to keep your account secure:
By Lucian Constantin
Romania Correspondent, IDG News Service | Dec 15, 2016 6:46 AM PT
1. Don’t save emails you don’t need
Because space is no longer a problem with most email services, users tend to never delete emails. While that’s extremely convenient, it’s not a very good idea, because it allows hackers to easily discover what other online accounts are tied to that address by searching for sign-up or notification emails from various online service providers.
Aside from exposing the link between your email address and accounts on other websites, sign-up and notification emails can also expose specific account names that you’ve chosen and are different from the email address.
You might want to consider cleaning your mailbox of welcome emails, password reset notifications and other such communications. Sure, there might be other ways for hackers to find out if you have an account on a certain website, or even a number of websites, but why make it easier for them to compile a full list?
2. Check your email forwarding and reply-to settings
Email forwarding is one of those “set it and forget it” features. The option is buried somewhere in the email account settings and if it’s turned on there’s little to no indication that it’s active.
Hackers know this. They only need to gain access to your email account once, set up a rule to receive copies of all your emails and never log back in again. This also prevents the service from sending you notifications about repeated suspicious log-ins from unrecognized devices or IP addresses.
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Another technique that attackers might use to get a copy of your emails is to change the reply-to address in your email settings, although this is noisier and can be spotted more easily than a forwarding rule.
The reply-to field is included in every email message that you send and allows the recipient’s email client to automatically populate the To field with an address you chose when they hit reply. If a hacker changes the reply-to value with an address that he controls, he will receive all email replies intended for you and these typically include the original emails that you sent.
In order to ensure that you also get those replies, the attacker can set up a forwarding rule in their own email account and automatically forward those replies to your address.
3. Two-factor authentication everywhere
Turn on two-factor authentication—this is sometimes called two-step verification—for any account that supports it, including Yahoo. This will prompt the online service to ask for a one-time-use code sent via text message, phone call, email or generated by a smartphone app when you try to access the account from a new device. This code is required in addition to your regular password, but Yahoo also has a feature called Account Key that does away with regular passwords completely and instead requires sign-in approval via phone notifications.
Two-factor authentication is an important security feature that could keep your account secure even if hackers steal your password.
4. Never reuse passwords
There are many secure password management solutions available today that work across different platforms. There’s really no excuse for not having unique, complex passwords for every single account that you own. If you do want memorable passwords for a few critical accounts use passphrases instead: sentences made up of words, numbers and even punctuation marks.
According to Yahoo, this breach happened in August 2013, at a time when the company hadn’t yet switched to the more secure bcrypt password hashing algorithm. As a result, most passwords that were stolen are in the form of MD5 hashes, which are highly vulnerable to cracking.
If you made the mistake of using your Yahoo password elsewhere and haven’t changed it yet, you should do so immediately and review the security settings of those accounts too. It’s very likely that hackers have already cracked your password and had three years to abuse it.
5. Phishing follows breaches
Large data breaches are typically followed by email phishing attempts, as cybercriminals try to take advantage of the public interest in such incidents. These emails can masquerade as security notifications, can contain instructions to download malicious programs that are passed as security tools or can direct users to websites that ask for additional information under the guise of “verifying” accounts.
Be on the lookout for such emails and make sure that any instructions you decide to follow in response to a security incident came from the affected service provider or a trusted source. Official Yahoo emails are easily recognizable in the Yahoo Mail interface because they are marked with a purple Y icon.
In the future, be selective in what personal information you choose to share and which websites you choose to share it with, even when those websites are legitimate. There’s no guarantee that they won’t be hacked in the future and you simply don’t know how securely they store your details.
In Yahoo’s case, the compromised account information includes names, email addresses, telephone numbers, dates of birth and, in some cases, unencrypted security questions and answers. These details can be used to impersonate you or to authenticate you on other websites.
Don’t provide real answers to security questions, if you can avoid it. Make something up that you can remember and use that as answer. In fact, Yahoo doesn’t even recommend using security questions anymore, so you can go into your account’s security settings and delete them.
Ransomware in Houston, as well as nationwide is continuing to grow. The prevention of ransomware requires that best practices are strictly followed when it comes to IT security. IT security is proving to be an imperative for companies, if they want to prevent costly ransomware attacks which may cause some SMBs to go out of business.
The minimum best practices when it comes to Ransomware prevention include: reliable server backups, anti-virus for all computers, quality SPAM filtering, properly configured firewalls, proper patch-management (regular server patching and workstation patching), training of staff to not open email attachments (fishing is the number 1 way that ransomware spreads), and utilizing OpenDNS to prevent infected computers from phoning home.
According to a recent study by the FBI, “ransomware is on pace to become a billion-dollar annual crime”. Two weeks ago, the third-largest electric and water utility in Michigan has shut down all its corporate IT systems while it attempts to clean up after a ransomware attack. The Lansing Board of Water & Light (Lansing BWL) announced last Monday, 25 April, that it was hit by ransomware after a phishing attack.
Ransomware has hit both small companies, and big companies alike. The common thread for the outages is that the organizations affected did not have good IT security in place on all of their IT assets. Human error is always a factor in Ransomware cases, which is why the layered IT security stack must be in-place to prevent these costly attacks.
We are excited, and pleased to announce that we are now accepting Bitcoin as a form of payment from our clients.
Send money to:
We are also excited to announce that Innovativ IT has also formed partnerships with a few of the leading companies in the Bitcoin/Blockchain space, to bring new and exciting solutions to the market.
Below are the (other) top 5 reasons we have made this exciting move:
Lower transaction fees.Per transaction fees for accepting Bitcoin are generally significantly lower than those charged for credit and debit card purchases. White says this is the biggest reason smaller merchants are latching onto Bitcoin payments.
“Small businesses, on average are paying higher credit card fees than Walmart is, and Best Buy,” White says. “These are large, enterprise level businesses that have scale and therefore they can negotiate lower credit card transaction fees. Small mom-and-pop shops can’t.”
He says most smaller merchants pay 2 to 4 percent per credit card transaction, often with additional “hidden fees” heaped on that quickly add up.
Bitcoin, on the other hand, can reduce their credit card processing fees to less than 1 percent, White’s colleague Nicholas Tomaino, a business development manager at Coinbase, recently told Entrepreneur.com. Accepting the virtual currency can save them from sacrificing between 3 and 5 percent of their revenues to credit and debit card fees, Tomaino estimates.
White points out that Coinbase charges a 1 percent flat per-transaction fee to convert Bitcoin payments to your local currency, after your first $1,000,000 USD in merchant processing. Unlike a lot of credit card companies, it doesn’t charge account setup or termination fees. So, if your customer pays for a purchase that costs $1, Coinbase will only charge you one penny for payment processing.
Bitcoin Payment processor BitPay charges no per transaction fees, but its customers pay monthly fees for its services, ranging from $30 to $300.
Fraud prevention.Because people can pay businesses in Bitcoin without divulging personally identifiable information (names, billing addresses, etc.), they enjoy a level of identity-theft protection that credit cards simply can’t offer, White says.
“With Bitcoin, there is no personal identity attached to that form of value. It’s a lot like digital cash, and there’s no way it can be intercepted, and my identity can’t be disclosed. That prevents a lot of issues like we saw with the Target data breach and the recent UPS Store breach.”
It’s important to note, though, that Bitcoin exchanges that operate in the U.S., including Coinbase, collect personal identifying information from their users — names, addresses and applicable bank account numbers included — in order to establish their Bitcoin wallets. They have to in accordance with certain state and federal regulations.
No chargebacks.Bitcoin purchases are final, so there are no chargebacks and no returns, like those rife in credit card dealings, yet another way transacting in the virtual currency saves merchants money.
Credit card chargebacks occur when a card user disputes a purchase made with his or her card, often because of defective goods or items never received. Or, perhaps he or she fell victim to identity theft and never authorized the purchase in question in the first place.
When a chargeback happens, not only does the credit card company withdraw the money for a transaction from your merchant account and deposit it back into the customer’s, you typically also get slapped with a costly chargeback fee. These can put you back between $5 and $15 each, according to CardFellow.com.
As it is now, people who purchase from you in Bitcoin generally have no recourse in a dispute. Transactions in the cryptocurrency are basically perceived as cash. They’re final, insulating merchants from the possibility of chargebacks and the fees associated with them. As Bitcoin Foundation member Kevin Rand puts it, “Bitcoin puts all the power in the merchants’ hands.”
The ability to get paid quickly.Having cash on hand is often critical to survival for small businesses. Accepting Bitcoin payments can put cash within your reach faster than it does when you accept credit card payments.
“The problem is, with credit cards, a lot of times your funds can be locked up for a week or more and there held in a sort of escrow in case someone requests a chargeback,” says White.
That’s generally not the case with Bitcoin. For example, at Coinbase, payouts arrive in merchant’s bank accounts typically in only two business days.
Every payment settles “at the moment of transaction,” White says. “So when a customer pays in Bitcoin, the merchant receives it and immediately sells it to Coinbase to convert it to U.S. dollars. At that time, they’re guaranteed their money.”
Ease of accepting international payments.Small online retailers and independent consultants often don’t sell their wares and services internationally because of expensive cross-border transaction fees. Bitcoin relieves the steep cost of going global, making cross-border payments easier, faster and cheaper.
“Bitcoin breaks down all of these invisible borders that previously existed,” says White. “When you accept Bitcoin, you can accept payment from anyone anywhere in the world at the speed of an email.”
Another benefit: The digital currency’s lower transaction fees could save retailers who operate internationally up to 8 percent, Wedbush analyst Gil Luria recently told The New York Times. (Excerpted from https://www.entrepreneur.com/article/237026)