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

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news