Like Voldemort, ransomware is too scary to be named

Each year, millions of ransomware attacks paralyze computer systems of businesses, medical offices, government agencies and individuals. As a result, although many companies cite ransomware in filings as a risk, they often don’t report attacks or describe them in vague terms, according to experts in securities law and cybersecurity. Even when companies do allude to an attack in SEC filings, they typically resort to euphemisms rather than the very word that best describes what paralyzed their business and caused millions of dollars in losses.

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Provider Volia reported to the cyber police about the intense cyberattacks on the server

Cable provider Volia appealed to the Cyber Police on the fact of fixing a DDoS attack on the Kharkov servers of the company, which has been ongoing since May 31. "For three days, from May 31 to today, the Volia infrastructure in Kharkov is subjected to cyberattacks. At first, they were carried out only on subscriber subsystems, later they switched to telecommunications infrastructure. As a result, more than 100,000 subscribers experienced problems using the Internet, IPTV, multi-screen platform, and digital TV," said the company. In total, the complete lack of access to Volia's services, according to the provider, lasted 12 minutes on May 31, 45 minutes on June 1. There was also an attack on the website volia.com, but it was managed to neutralize. "DDoS attacks were massive and well-organized. The type of attack is UDP flood and channel capacity overflow with the traffic of more than 200 GB. UDP is a protocol used for online streaming services - streaming, te...

Information security experts have warned Russians about bonus card fraud schemes.

Fraudsters several thousand times tried to illegally take advantage of discount bonuses of Russians in 2019. Some attackers gained access to customers' personal accounts, and then bought the products using bonuses, said Alexey Sizov, head of the anti-fraud department of the Application Security Systems Center at Jet Infosystems. According to him, a fraudster can register a personal account on a card that was issued to another person. The victim will accumulate points without knowing about the existence of his profile, and the attacker will write off bonuses, said Sizov. The expert added that this is mainly done by novice scammers. According to him, loyalty programs are poorly protected, unlike banking operations. He said that they are estimated at 50 billion rubles ($760 milliard) for the 30 largest retailers. Alexey Fedorov, Chairman of the Business Russia Trade Committee, said that in 2019, the number of bonus and discount thefts "increased significantly." ...

Apple Plans to Expand Cloud-Based Services, Enters Cloud Computing Space

Apple is planning to invest more in streamlines and increasing its cloud-based and software services like iCloud, Newsplus, and Apple Music. The expansion will go along with devices like iPads, MacBooks, and iPhones. To be entirely sure about the reliability of the cloud-based service on all the Apple devices, the company has decided to rely on AWS (Amazon Web Services) and the cloud division. AWS, as you might know, is a subunit of Amazon that offers cloud-space solutions. According to CNBC's findings, Apple is said to pay Amazon $30 Million monthly for its cloud-based services. It also means that Apple is one of the biggest customers of AWS. Nevertheless, Apple hasn't confirmed whether it uses Amazon's cloud services besides its iCloud. According to experts, Apple also has some of its cloud services on Google. Amazon transformed the management of the data center and hosting of the applications when it brought the AWS. Being the first one to offer services like these,...

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