Cyber Weekly Digest - Week #5


The news has been filled with cyber security stories this week including the take down of Emotet, one of the most significant botnets of the decade, and the disruption of the Netwalker ransomware operation. Keep reading to get all the information you need from this week.


1. The Association of British Insurers has been accused of funding organised crime.

In the UK The Association of British Insurers has been accused of funding organised crime by including ransomware blackmail payments in cyber insurance policies. It said insurance was "not an alternative" to doing everything possible first to minimise the risk. However, it added that firms could face financial ruin without the cover. Businesses might choose to pay because they do not have their data backed up, cannot afford - or do not have time to rebuild their systems. However, it has been said that insurers are funding organised crime, bringing up the debate 'to pay or not to pay'. Although the advice in the UK is not to pay the demand, it is not illegal to pay.

 

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2. Emotet, one of the most significant botnets of the past decade, has been taken down.

This week authorities across Europe seized control over Emotet botnet, one of the most prolific botnets of the past decade. The law enforcement action included the arrest of several suspects in Europe connected to the crimeware gang. The core group of criminals behind Emotet are widely considered to be operating out of Russia. Although the seizure is significant, it is too soon to say the effectiveness of the operation.