Industry experts told Congress on Oct. 3 that regulations are necessary to secure the Internet of Things. “Is the industry doing enough to ensure the security of IoT devices?” Rep. Jamie Raskin, D-Md., asked at the IT Subcommittee hearing on the Cybersecurity of IoT.






[…]

The cyberattack that spread across Europe on June 27 was declared not a ransomware attack after further observation by researchers. The “Not Petya” attack didn’t encrypt files on the infected computers. Instead, it wiped the entire drive, making it impossible to retrieve files if they weren’t backed up on another device.






[…]

Companies that paid the ransom to retrieve their data from the Petya ransomware attack have no way of receiving the encryption key. Although Symantec has verified the Ukrainian accounting service, MeDoc, as “patient zero” for the attack, the cybersecurity company hasn’t discovered who is behind the attack. The email account that the attack stemmed from has been shut down, so that companies that pay the ransom of $300 won’t receive the encryption key needed to return their data.






[…]

Another cyberattack with links to the stolen cache of National Security Agency materials is spreading across Europe on June 27, targeting banks, businesses, and a Ukraine power company. Infections have been reported in Russia, Ukraine, Spain, France, the United Kingdom, and India.






[…]

The number of reported Internet crimes and the costs incurred by those crimes are on the rise, according to the FBI Internet Crime Complaint Center’s recently released 2016 Internet Threat Report. The “hottest” Internet crimes of 2016 were business email compromise, ransomware, tech support fraud, and extortion.






[…]

No Federal systems have been affected by the WannaCry ransomware attacks that crippled thousands of computers this past weekend, according to Tom Bossert, Homeland Security adviser to the president.






[…]

Though the Federal government has certainly experienced ransomware attacks, experts speaking at the Armed Forces Communications and Electronics Association Cybersecurity Summit on Tuesday explained that it is not the primary target for ransomware hackers.






[…]