hack

An Update on the SolarWinds Cybersecurity Breach

We have been closely following the situation surrounding the SolarWinds cybersecurity breach and its far-reaching impacts. Here is what is known so far: The SolarWinds breach was an act of espionage on the part of Russian spy agencies. The attackers gained access to 425 of the Fortune 500 list of top companies, the top 10…

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How the British Airways Hack Affects Your Business

The British Airways breach, in which up to 380,000 website and mobile users’ payment card details were stolen, could have been prevented, according to researchers from the threat detection firm RiskIQ, who have shed new light on how the attackers pulled off the heist. It took hackers just 22 lines of code to get a hold…

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Restore Systems After Ransomware without Paying

The San Francisco Municipal Transportation Authority (SFMTA) was hit with a ransomware attack the morning of Friday, Nov. 25. It is reported that the hacker demanded approximately $73,000 USD to restore operations. Fortunately, the SFMTA had an information technology team in place and backup systems that allowed the SFMTA to bounce back without paying a cent.…

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Yahoo’s Two-Year Cyber Intrusion Unacceptable

Perhaps the most shocking thing about the recent Yahoo hack is not the 500 million users that had their personal information stolen(the hack largest in history) — it is the fact that it took TWO YEARS for the breach to be detected. Congress has called this two year delay “unacceptable”. Yahoo has faced mounting questions about…

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CEO Email Fraud and How to Prevent it

An as yet unidentified company has fallen victim to nearly $100 million in CEO email fraud, where the bad guys did research on employees that hold the purse strings on deals with suppliers or regularly perform wire transfers. The heist started with a successful phishing attack — employees were social engineered by spoofed emails that claimed…

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Juniper Firewalls Hacked: Unauthorized Code Discovered in Screen OS

Juniper Networks has announced that it has discovered “unauthorized code” in ScreenOS, the operating system for its NetScreen firewalls, that could allow an attacker to decrypt traffic sent through Virtual Private Networks (VPNs). Juniper suspects the bug has been around since 2012. An advisory published by the company notes that the backdoor impacts NetScreen firewalls…

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Investors: Vetting the Cyber Security of a Fund

ACE IT Solutions’ managing partner, Warren Finkel, recently spoke to Investor’s Business Daily about how investors can protect themselves if their mutual fund, hedge fund or RIA is hacked. Some of the key questions that investors need to ask, include: Is there any guarantee against loss against cyber attacks? What steps is the firm taking to protect your personal information…

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