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Police in Spain have arrested a gang of 11 cyber criminals who used ransomware to demand money from thousands of victims in 30 countries using malware known as Reveton . Police arrested six Russians, two Ukrainians and two Georgians in the Costa del Sol. The gang leader, a 27-year-old Russian, was arrested in Dubai in the United Arab Emirates in December 2012 on an international arrest warrant. Spanish authorities are seeking his extradition. According to researchers from Trend Micro who worked with the Spanish to track down the group, estimate that this ransomware operation netted the group more than 1 million euros a year. The Trojan was distributed using drive by download techniques, in conjunction with the Black Hole exploit kit and initially the malware was focused on German individuals, but in later months began to target other countries, primarily the USA. Trend Micro, said there were 48 different variations of the virus in use and the malware has been known t

The banking Trojan known as Shylock has been updated with new functionality, including the ability to spread over Skype. The program was discovered in 2011 that steals online banking credentials and other financial information from infected computers. Shylock, named after a character from Shakespeare's "The Merchant of Venice". Shylock is one of the most advanced Trojans  currently being used in attacks against home banking systems. The code is constantly being updated and new features are added regularly. According to security researchers from CSIS Security Group , the Skype infection is based on a malicious plugin called msg.gsm and allows the malware to send messages and transfer files, clean messages and transfers from Skype history and even bypass the Skype warning for connecting to servers. Beside the new ability to spread through Skype, Shylock can also spread through local shares and removable drives. Infection by the Trojan allows hackers to ste

Over the past two years, a shocking  51% of organizations surveyed in a leading industry report have been compromised by a cyberattack.  Yes, over half.  And this, in a world where enterprises deploy  an average of 53 different security solutions  to safeguard their digital domain.  Alarming? Absolutely. A recent survey of CISOs and CIOs, commissioned by Pentera and conducted by Global Surveyz Research, offers a quantifiable glimpse into this evolving battlefield, revealing a stark contrast between the growing risks and the tightening budget constraints under which cybersecurity professionals operate. With this report, Pentera has once again taken a magnifying glass to the state of pentesting to release its annual report about today's pentesting practices. Engaging with 450 security executives from North America, LATAM, APAC, and EMEA—all in VP or C-level positions at organizations with over 1,000 employees—the report paints a current picture of modern security validation prac