Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Cybercriminals infecting NZ computers with Ransomware

Cybercriminals infecting NZ computers with Ransomware


Cybercriminals are exploiting New Zealanders with Ransomware. And new research from Symantec sheds light on this rapidly growing class of cyber attack. Symantec’s conservative estimate is that cybercriminals are globally raking in over US$5 million a year from victims as a result of this scam, and that number is likely to grow. The full research report can be read here.

The scam works by using malware to disable victims’ computers until they pay a ransom to restore access. Cybercriminals often use social engineering tricks, such as displaying phony messages purporting to be from local law enforcement, to convince victims to pay up. Such messages often include warnings such as, “You have browsed illicit materials and must pay a fine.”

New Zealand has seen its fare share of Ransomware as well – NetSafe has warned of it, as well as the NZ Police.
https://www.police.govt.nz/news/release/33200.html
http://blog.netsafe.org.nz/2012/10/03/anti-child-porn-ransomware-hits-new-zealand-businesses/

Symantec’s research shows that up to 2.9 percent of victims end up paying ransoms. That number is significant given fees range up to US$460 and one gang was observed attempting to infect 495,000 computers over the course of just 18 days.

Though the first instances of this type of cyber attack were observed in 2009, until recently it was largely limited to Russia and Eastern Europe. However, it has increasingly become a popular ploy among numerous international online criminal gangs.

The best defense against this rapidly evolving threat is a good offense. Users should keep their computers, including their operating systems and applications, up-to-date with the latest updates from manufacturers. In addition, using security software to block infections is also a necessary step to prevent falling victim to this scam.

You can read the full report here: http://www.symantec.com/content/en/us/enterprise/media/security_response/whitepapers/ransomware-a-growing-menace.pdf.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Constructions Builds: Consents Top $2 Billion For The First Time

Building consents reached a record $2 billion in March 2017, boosted by new homes and several big non-residential projects, Stats NZ said today. This was up 37 percent compared with March 2016. More>>

Other Stats:

Health: Work Underway To Address Antimicrobial Resistance

As part of a global response the Ministries of Health and Primary Industries have today jointly published ‘Antimicrobial Resistance: New Zealand’s current situation and identified areas for action’ to respond to the changing pattern of antimicrobial resistance in New Zealand. More>>

ALSO:

Employment: Vodafone Announces Family Violence Policy To Support Team

From today, any of Vodafone’s 3,000 workers affected by family violence will be eligible for a range of practical support, including up to 10 additional days of paid leave per year. More>>

Burning Up Over Saturn: Cassini's Grand Finale

With propellant running low, NASA scientists are concerned that the probe might accidentally crash into one of Saturn’s nearby moons, which could contaminate it with Earthling bacteria stuck to the spacecraft. Instead, the spacecraft will be safely "disposed" in Saturn's atmosphere. More>>

ALSO:

Our Fresh Water: Monitoring Report Confirms Serious Challenges For Rivers

• nitrogen levels are getting worse at 55 percent and getting better at 28 percent of monitored river sites across New Zealand • phosphorus levels are getting better at 42 percent and getting worse at 25 percent of monitored river sites across New Zealand More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news