electricity meter | Breaking Cybersecurity News | The Hacker News

Ransomware has become an albatross around the neck, targeting businesses, hospitals , and personal computers worldwide and extorting Millions of Dollars . Typical Ransomware targets victim's computer encrypts files on it, and then demands a ransom -- typically about $500 in Bitcoin -- in exchange for a key that will decrypt the files. Guess what could be the next target of ransomware malware? Everything that is connected to the Internet. There is a huge range of potential targets, from the pacemaker to cars to Internet of the Things, that may provide an opportunity for cybercriminals to launch ransomware attacks. Recently, the American public utility Lansing Board of Water & Light (BWL) has announced that the company has become a victim of Ransomware attack that knocked the utility's internal computer systems offline. Also Read: FBI Suggests Ransomware Victims — ' Just Pay the Ransom '. The attack took place earlier this week when one of the compan...

Smart devices are growing at an exponential pace with the increase in connecting devices embedded in cars, retail systems, refrigerators, televisions and countless other things people use in their everyday life, but security and privacy are the key issues for such applications, which still face some enormous number of challenges. Millions of Network-connected electricity meters or Smart meters used in Spain are susceptible to cyberattack by hackers due to lack of basic and essential security controls that could put Millions of homes at risk, according to studies carried out by a pair of security researcher. HACKERS TO CAUSE BLACKOUT AND BILL FRAUD The security vulnerabilities found in the electricity meters could allow an intruder to carry out billing fraud or even shut down electric power to homes and cause blackouts. Poorly protected credentials inside the devices could let attackers take control over the gadgets, warn the researchers. The utility that deployed the...

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