Taiwan was one of the countries worst hit by ransomware attacks last year, falling victim to millions of attacks, according to Trend Micro Inc’s (趨勢科技) annual security roundup.
Global software security company Trend Micro found in its 2017 Annual Security Roundup: The Paradox of Cyberthreats that companies worldwide lost up to US$5 billion due to massive ransomware outbreaks.
That is four times the level recorded in 2016, although the number of ransomware-related threats decreased from 1.078 billion in 2016 to 631 million last year.
Although there were fewer ransomware attacks last year, they had greater impact, the company said.
These included the WannaCry ransomware attack, which is estimated to have affected more than 200,000 computers in 150 countries in May last year.
Taiwan was heavily affected by the malware, with the National Security Bureau reporting that 185 computers were infected.
Other features of last year’s attacks were the tendency to use business e-mail compromises — scams targeting companies in which the hacker impersonates an executive and requests wire transfers or sensitive information via e-mail — and the focus on cryptocurrencies, such as bitcoin.
The growing popularity and profitability of cryptocurrencies has led cybercriminals to target the field, Trend Micro said.
Companies that need to comply with the EU’s newly passed General Data Protection Regulation (GDRP) should double down on cybersecurity measures, as cybercriminals could target them knowing they would have to pay a fine for any instances of leaked data, it said.
Cybercriminals could steal data from such companies and charge a ransom just below the fine they would be required to pay based on the GDRP, it added.
Cybercriminals are developing new ways to make money from cyberattacks — methods that are targeted and specific so they can optimize the profitability of each attack, Trend Micro marketing manager Jon Clay said.
Companies need to protect themselves with the newest versions of cyberprotection software to minimize risks, he added.
PRICE POINT: While overall demand has lagged expectations, higher-priced iPhone 14 Pro models appear to attract more attention than entry-level versions, sources said Apple Inc is backing off plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, people familiar with the matter said. The Cupertino, California-based company has told suppliers to pull back from efforts to increase assembly of the iPhone 14 product family by as many as 6 million units in the second half of this year, said the people, asking not to be named as the plans are not public. Instead, the company would aim to produce 90 million handsets for the period, about the same level as in the second half
INEXPENSIVE POWER: Group chairman Gautam Adani said 70% of the investment would go into energy transition, with a focus on green hydrogen India’s Adani Group is to invest more than US$100 billion over the next decade, most of it in the energy transition business, chairman Gautam Adani said yesterday, as the ports-to-energy conglomerate accelerates an already aggressive expansion plan. After founding the group in 1988 as a commodities trading business, the 60-year-old has ventured into multiple sectors, mainly in the infrastructure space and in line with the priorities of the government of Indian Prime Minister Narendra Modi. “As a group, we will invest over US$100 billion of capital in the next decade,” Adani, the world’s second-richest person, told the Forbes Global CEO Conference in
StarLux Airlines Co (星宇航空) aims to turn a profit next year by expanding its passenger operations to North American and Southeast Asian markets and by increasing its cargo business, CEO and general manager Glenn Chai (翟健華) told a news conference in Taipei yesterday. The airline would offer new flights to Okinawa and Sapporo in Japan, as well as resume flights to Da Nang, Vietnam, at the end of next month to meet demand in the fourth quarter — a peak travel season, Chai said, adding that by that time, StarLux would be flying to a total of 13 destinations. It would
COLD BENDING: Innolux plans to boost contribution from vehicle displays to 50 percent of overall revenue from 12 percent in the second quarter of this year Innolux Corp (群創) is deepening its partnership with the US-based Corning Inc in the production of cockpit displays through a subsidiary, as it pushes ahead with transformation efforts to fuel growth. Singapore-based CarUX Technology Pte Ltd (群豐駿科技), a vehicle display maker fully owned by Innolux, would incorporate Corning’s cold-bending technology into its large curved vehicle displays, Innolux said in a statement yesterday. CarUX and Corning are expanding their collaboration from automotive glass substrates to glass substrate protection solutions, as they seek to build supply chain ecosystems to generate greater industrial synergies, CarUX said in the statement. With Corning’s ColdForm technology, a glass cover