In a statement Tyler Technologies said, its network was hacked by a ransomware, a kind of computer virus through which hackers encrypts files and decrypt them once their payment demands are met. The hacker was able to gain access to its internal networks, but could not access to the systems it hosts for clients; incidentally,…
On Wednesday, Finablr Plc stated, its foreign exchange firm Travelex was forced to go offline due to a ransomware attack by a virus known as Sodinokibi. Travelex had contained the spread of the ransomware, which is also known as Revil, said UAE-based payment solutions Finablr while adding that it currently does not anticipate any material…
A report prepared by University of Cambridge Centre for Risk Studies, on behalf of the Cyber Risk Management (CyRiM) project, in partnership with Lloyd’s, a cyber insurer. On Wednesday, a report backed by Lloyd’s of London stated, a cyber attack on Asian ports could cost a whopping $110 billion equivalent to half of the total…
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