How the Cyber Grinch Stole Christmas: Managing Retailer Supply Chain Cyber Risk

Cyber threats are always a prominent risk to businesses, especially those operating with high quantities of customer information in the retail space, with over 50% of global retailers were breached last year.  BitSight VP, Jake Olcott, has written… Continue reading How the Cyber Grinch Stole Christmas: Managing Retailer Supply Chain Cyber Risk

Some sage security advice after Radiohead’s unreleased music hack

Bad news: Radiohead was hacked. Last week, a hacker stole the band’s lead singer Thom Yorke’s private minidisk archive from the band’s third album and subsequent major worldwide hit, “OK Computer.” The hacker demanded $150,000 or they’d release it to the public. Stuck between a ransom and a hard place, Radiohead released the tapes themselves. …

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IBM-Maersk blockchain shipping consortium expands to include other major shipping companies

Last year IBM and Danish shipping conglomerate Maersk announced the limited availability of a blockchain-based shipping tool called TradeLens. Today, the two partners announced that a couple of other major shippers have come on board. The partners announced that CMA CGM and MSC Mediterranean Shipping Company have joined TradeLens. When you include these companies together […] Continue reading IBM-Maersk blockchain shipping consortium expands to include other major shipping companies

UK shipping giant deals with data breach by the book, recovers stolen data

Strengthening the notion that a single vulnerable endpoint, or unwary employee, can grant hackers safe passage into an organization’s entire infrastructure, British shipping company Clarksons PLC this week confirmed the discovery of a data breach… Continue reading UK shipping giant deals with data breach by the book, recovers stolen data

NotPetya attack: Maersk reinstalled 45,000 PCs, 2,500 apps & 4,000 servers

By Waqas
On June 27th, 2017, a dangerous ransomware attack called Petya
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NotPetya ransomware cost Merck more than $310 million

The NotPetya cyberattack has cost the American pharmaceutical giant Merck more than $135 million in sales and $175 million in additional costs since June, the company said in a call with investors Friday. That number comes in addition to the $300 million loss FedEx said it suffered when systems were disrupted until as late as September. The shipping company Maersk lost $200 million when its systems were infected by the ransomware outbreak. The nation of Ukraine got the worst, however, with more than 1,500 people and organizations reporting being affected by the ransomware. In response, NATO pledged to increase aid to Ukraine’s cybersecurity. The June attack impacted Merck’s global manufacturing, research and sales for nearly a week. Company email was disabled, 70,000 employees were forbidden from touching their computers, and instructions were sent via copy-and-pasted text messages. The exact cause of the infection remains publicly unclear. Merck’s pain may not yet be over. […]

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