Photo gallery: Black Hat USA 2018

Black Hat USA 2018 is underway at Las Vegas. Here are a few photos from the Business Hall and the Arsenal. Featured companies: ZeroFOX, LogRhythm, Qualys, Rapid7, Irdeto, Whitesource, Bitdefender, Splunk.
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Android insecurity & spyware targeting Uyghur population.

The Register: Exposed: Lazy Android mobe makers couldn’t care less about security  “Never. Is never a good time to get vulnerability fixes? Never is OK with you? Cool, never it is” Graham Cluley for Bitdefender: China forces… Continue reading Android insecurity & spyware targeting Uyghur population.

Bitdefender Releases FREE GandCrab Ransomware Decryption Tool

The latest ransomware kicking everyone’s ass is Gandcrab which has infected an estimated 50,000 computers, fortunately for the victims, Bitdefender has released a free Gandcrab ransomware decryption tool as a part of the No More Ransom Project.

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Microsoft’s chip patch is messing with anti-virus products

Some major anti-virus software vendors were forced to reconfigure their programs after Microsoft rolled out a patch that changed their products’ processing architecture, industry experts tell CyberScoop. In response to the “Spectre” and “Meltdown” vulnerabilities, which affect nearly every microchip created since 1995, Microsoft immediately offered a software patch that would prevent attackers from targeting these flaws. Microsoft and Amazon — much like the microchip makers — have known about the two vulnerabilities for months but have been under a strict embargo. During this timeframe, Microsoft worked on creating an adequate software update that could remediate the problems. However, due to the embargo, many cybersecurity companies were left in the dark; entirely unaware that either Microsoft or the microchip industry was dealing with the issue. This lapse in coordination is currently causing major headaches for security companies. Microsoft’s emergency update causes the operating system to change how it processes data at the kernel level. Processes […]

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Word-of-Mouth, Growth, McAfee, and Bitdefender – Startup Security Weekly #64

Winning arguments, turning insight into execution, avoiding the “Yes” dilemma, and updates from Bitdefender, McAfee, Barracuda Networks, Pwnie Express, ReversingLabs, and more! Full Show NotesVisit http://securityweekly.com/category/ssw for… Continue reading Word-of-Mouth, Growth, McAfee, and Bitdefender – Startup Security Weekly #64

Bitdefender valued at $600M after private equity company buys significant minority stake

A European-based private equity company announced Friday it has taken a significant minority stake in Romanian cybersecurity company Bitdefender, valuing the company at more than $600 million. Vitruvian Partners, a London-based private equity firm, acquired approximately 30 percent of Bitdefender from existing shareholder Axxess Capital. Vitruvian becomes the second-largest shareholder with co-founders Mariuca and Florin Talpes continuing to hold the majority stake. The investment comes as the company has been growing, particularly in the United States. Bitdefender says more than 40 percent of sales are currently generated in the U.S., primarily from corporate customers. Bitdefender claims it has over 500 million users worldwide, putting in the ranks with other large anti-virus companies like Kaspersky Lab, McAfee and Symantec. “Vitruvian’s extensive experience investing in high growth technology companies endorses our strategy for international growth and in particular the significant investment we are making in building our Enterprise Solutions offering and our […]

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Ransomware is now a $2 billion-per-year criminal industry

Ransomware payments in 2017 will hit a record $2 billion, according to a new research from the cybersecurity firm Bitdefender. That figure would make 2017 the most costly year ever for ransomware, doubling the $1 billion paid out by ransomware victims in 2016 and skyrocketing above the $24 million paid in 2015. The upward trend will likely continue into 2018 as malware becomes more sophisticated and difficult to stop. Exacerbating the problem is amount attributed to total damage, which exceeds $5 billion. The NotPetya attacks alone caused over $310 million in damages to U.S. pharmaceutical giant Merck, a $300 million loss for the courier firm FedEx and a $200 million loss for the shipping firm Maersk. The average ransomware demand is up to $1,000, a 266 percent rise from 2016. The spike is credited to more victims paying up, including many businesses that privately pay five-figure ransoms.  Only 47 percent of victims who pay the ransom ever […]

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New infosec products of the week​: September 1, 2017

Palo Alto Networks announces Next-Generation Security Platform for VMware Cloud on AWS Palo Alto Networks announced its Next-Generation Security Platform is available to customers of VMware Cloud on AWS. It allows customers to protect their on-premise, private and public cloud presence with next-generation security features that deliver visibility, control and threat prevention at the application level. This enables customers to securely migrate applications and data from their software-defined data center into VMware Cloud on AWS. … More Continue reading New infosec products of the week​: September 1, 2017