The Download: This Week’s Top Security News – August 12, 2016
The Download: This Week’s Top Security News – August 12, 2016

The data and endpoint security landscape is always changing, and news happens fast. Each week we recap some of the top security news stories to help you stay informed. Here’s what happened this week.

After 120,000 Bitcoins were stolen in a hack from cryptocurrency exchange Bitfinex last week, the company announced that the loss would be shared by the exchange’s customers. So far, the method of the cyberattack is still unknown.

In a twist of supreme irony, a group of ‘Nigerian email scam’ operators fell victim to their own malware. After discovering a keylogger on an unsecured Web-exposed server, security researchers were able to monitor the operation ringleader for months.

The threat of ransomware is growing, as a new report found that nearly 40% of large businesses surveyed in the US, Canada, UK, and Germany have been hit by attacks. The report also found that American businesses were 21 times less likely to pay the ransom than UK businesses.

If you’ve ever wondered about how malware researchers store their collections, this article will give you a taste of what’s involved.

Another new report found that companies in the US are still underinvesting in cybersecurity, even after they have experienced an attack. In fact, only 51% of companies will increase their investment in information security in the 12 months following a security incident.