Much ado about the ransomware scourge

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Network World Security Alert Aug 18, 2016 Much ado about the ransomware scourge "With alarming frequency, ransomware hackers are sneaking into consumer and business computers, encrypting files containing photos, documents and other important data, and then demanding a ransom in exchange for the key needed to decrypt the files. Consumers, businesses, and government agencies are falling prey to these schemes, including hospitals whose servers may contain sensitive patient data. Read More ▶ Your Must-Read Stories • How 3 fintech startups are shaking up security • Cerber ransomware earns $2.3mil with 0.3% response rate • US senators want airline IT meltdowns to end • OPSEC: Using a fake name on the delivery address for a dark web marketplace purchase • Is Cisco set to cut 14,000 jobs? • More on Operationalizing Threat Intelligence • RiskSense lands $7M for assessment service • Free course: Responding to Cybersecurity Incidents • 7 cool internet of things companies to watch White Paper: Black Duck Software Application Security in 2016: A Comprehensive Overview Using open source code is not necessarily a problem, but not knowing what open source you're using can be extremely dangerous, particularly when so much open source contains security flaws. "Application Security in 2016," a complimentary report from Black Duck Software, considers the key application security challenges your organization will face, with a special focus on staying both agile and secure with open source. Download the report today! Read More ▶ How 3 fintech startups are shaking up security Over the years, the financial industry has invested heavily in staff, processes and technology to improve security. But some startups are taking a more innovative approach. Read More ▶ Cerber ransomware earns $2.3mil with 0.3% response rate The fast-growing Cerber ransomware earned nearly $200,000 in July despite a payment rate of just 0.3 percent as a result of its affiliate distribution model, according to a new report by Check Point Read More ▶ US senators want airline IT meltdowns to end Two high-profile airline technology meltdowns stranding thousands of travelers in the past couple weeks have prompted two US senators to push carriers to bolster their technology. Senators Richard Blumenthal (D-Conn.) and Edward J. Markey (D-Mass.)this week sent a letter to the most recent offenders -- Delta and Southwest -- as well as 11 other airlines to get a better handle on whether or not their information technology systems are reliable and resilient. Read More ▶ OPSEC: Using a fake name on the delivery address for a dark web marketplace purchase Someone claiming to be an attorney gave an OPSEC lesson about using a fake name for snail mail delivery of a dark web marketplace purchase. Read More ▶ Is Cisco set to cut 14,000 jobs? Industry reports have it that Cisco will soon – possibly as early as today -- cut as many as 14,000 jobs – or about 20% of its 73,000 member workforce. According to a report from tech site CRN the cuts emphasize the Cisco's growing emphasis on software which is requiring staff with a different set of skills, CRN reported. Early retirement plans have already been offered to employees as well. Read More ▶ More on Operationalizing Threat Intelligence Worthwhile goal can be facilitated with four steps Read More ▶ RiskSense lands $7M for assessment service RiskSense, software-as-a-service that evaluates the security of corporate networks and generates a risk score, has been self-financed since its launch last year, but now has harnessed venture funding to help boost its R&D and hire marketing and sales staff. Read More ▶ Free course: Responding to Cybersecurity Incidents Training provider Logical Operations, in partnership with IDG Enterprise, offers a free online course to get you up to speed on how to respond to cybersecurity incidents. Read More ▶ 7 cool internet of things companies to watch Industry watcher CB Insights earlier this month showed that venture capital funding of internet of things companies is actually on the decline after years of growth. But we've still seen enough fresh funding in the months since we rounded up 10 Internet of Things companies to watch back in April, to justify doing this follow-up with 7 additional firms, most of them startups. Read More ▶ Video/Webcast: AlienVault Ask the Analyst: Key Elements of an Effective Security Program Join us for an engaging 30-minute discussion where AlienVault CEO Barmak Meftah will interview guest speaker Forrester Security Analyst Joseph Blankenship on how organizations should assess their security program, validate the effectiveness of security monitoring tools, and plan for the future. Read More ▶ Join The Network World Communities As network pros you understand that the value of connections increase as the number of connections increase, the so called network effect, and no where is this more evident than in professional relationships. Join Network World's LinkedIn and Facebook communities to share ideas, post questions, see what your peers are working on and scout out job applicants (or maybe find your next opportunity). Network World on Facebook ▶ Network World on LinkedIn ▶ SLIDESHOWS Selfie fits modern politics like a handshake First Look: Firefox 48 Read More ▶ Most-Read Stories of 2016 1. 19 free cloud storage options 2. 7 free Wi-Fi stumbling and surveying tools for Windows and Mac 3. Credibility and trust: Microsoft blows it 4. Peeping into 73,000 unsecured security cameras thanks to default passwords 5. 7 free tools every network needs 6. 9 Common Spanning Tree Mistakes 7. How Forbes inadvertently proved the anti-malware value of ad blockers 8. 6 free network vulnerability scanners 9. 10 biggest home networking mistakes (and how to fix them) 10. Ten operating systems for the Raspberry Pi

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