Top CyberSecurity News For 29th June 2016

  1. A Massive Botnet of CCTV Cameras Involved in Ferocious DDoS AttacksFrom Softpedia. 

    A botnet of over 25,000 bots lies at the heart of recent DDoS attacks that are ferociously targeting business around the world. More exactly, we’re talking about massive Layer 7 DDoS attacks that are overwhelming Web servers, occupying their resources and eventually crashing websites. US-based security vendor Sucuri discovered this botnet, very active in the last few weeks, and they say it’s mainly composed of compromised CCTV systems from around the world. Their first meeting with the botnet came when a jewelry shop that was facing a prolonged DDoS attack opted to move their website behind Sucuri’s main product, its WAF (Web Application Firewall).

  2. New and improved CryptXXX ransomware rakes in $45,000 in 3 weeksFrom ArsTechnica. Whoever said crime doesn’t pay didn’t know about the booming ransomware market. A case in point, the latest version of the scourge known as CryptXXX, which raked in more than $45,000 (£34,344) in less than three weeks. Over the past few months, CryptXXX developers have gone back and forth with security researchers. The whitehats from Kaspersky Lab provided a free tool that allowed victims to decrypt their precious data without paying the ransom, which typically reaches $500 or more. Then, CryptXXX developers would tweak their code to defeat the get-out-of-jail decryptor. The researchers would regain the upper hand by exploiting another weakness and so on.

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