In addition to the coronavirus outbreak that’s sweeping across Europe, it would appear that the French government also faces a wave of ransomware to deal with.
The French government’s cybersecurity team CERT-FR was the first agency to sound the alarm. The security agency explained that a gang of ransomware attackers is targeting several local government networks in the country. According to CERT, the hacks are now rampant, and they are carried out using the Mespinoza ransomware strain. [ZDNet]
Ransomware Attacks at the Worst Time
The Mespinoza ransomware was first spotted in October 2019 by a researcher named Amigo-A. At the time, victims explained that they suddenly found some of their computer files being marked with a .locked extension, with the documents themselves being inaccessible. A new strain was detected in December, which replaced the .locked extension with .pysa. Thus, it became known to some as the ‘Pysa ransomware.’ This particular malware has been a favored tool used against large corporations with valuable data worth millions of dollars. As the report notes, the hackers have now shifted their focus to government organizations, as multiple infection reports have now been recorded.
Canada Sees an Increased Cybersecurity Threat
Ransomware attacks have become increasingly rampant in today’s world, especially since governments seem to have become preoccupied with the COVID-19 outbreak. Reports have confirmed that ransomware attacks have surged over the past few weeks, with several countries confirming that attackers have been using the widespread fear to send emails to their victims falsely promising cures and vaccines. Once these emails are opened, however, the contents of the computers are immediately locked.
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Jimmy Aki
Based in the United Kingdom, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills, having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for blockchain regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.
Based in the United Kingdom, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills, having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for blockchain regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.
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