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Wanted: Disgruntled Employees to Deploy Ransomware

Krebs on Security

Criminal hackers will try almost anything to get inside a profitable enterprise and secure a million-dollar payday from a ransomware infection. ” This attacker’s approach may seem fairly amateur, but it would be a mistake to dismiss the threat from West African cybercriminals dabbling in ransomware. billion in 2020.

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Cybercrime to cost over $10 Trillion by 2025

Security Boulevard

Cyber attacks are a threat to businesses of all sizes and in all industries. With cybercrime rising by 600% during the pandemic, businesses are more vulnerable than ever to the financial and reputational repercussions of cyberattacks. By 2025, it is estimated that cybercrime will cost businesses worldwide $10.5

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Blacktail: Unveiling the tactics of a notorious cybercrime group

CyberSecurity Insiders

In recent months, a cybercrime group known as Blacktail has begun to make headlines as they continue to target organizations around the globe. Since February, the group has launched multiple attacks based on their latest ransomware campaign labeled Buhti. Since its launch it has been linked to over 1400 attacks worldwide.

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Ransomware drama: Law enforcement seized Lockbit group’s website again

Security Affairs

FuckRansomware pic.twitter.com/uD09m7AukH — Jon DiMaggio (@Jon__DiMaggio) May 5, 2024 However, researchers at VX-underground have spoken with Lockbit ransomware group administrative staff regarding the return of the old domain and the gang claims law enforcement is lying. Lockbit ransomware group states law enforcement is lying.

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Cactus ransomware gang claims the Schneider Electric hack

Security Affairs

Energy management and industrial automation firm Schneider Electric suffered a data breach after a Cactus ransomware attack. BleepingComputer first reported the attack that hit the Sustainability Business division of the company on January 17th. The Cactus ransomware relies on multiple legitimate tools (e.g.

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Europol lifts the lid on cybercrime tactics

Malwarebytes

The report follows the Internet Organized Crime Assessment (IOCTA), Europol’s assessment of the cybercrime landscape and how it has changed over the last 24 months. Ransomware is named as the most prominent threat with a broad reach and a significant financial impact on industry. Stop malicious encryption.

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The worst cyber attacks of 2021

Security Affairs

Which are the cyber attacks of 2021 that had the major impact on organizations worldwide in terms of financial losses and disruption of the operations? Bloomberg was informed about the payment by two people familiar with the attack. The pipeline allows carrying 2.5