SC Magazine

JUNE 28, 2021

When a company is hit with ransomware, they’re often faced with three choices: pay up, lean on backups or rebuild the entire IT network. While this model and approach seemingly make business sense to insurers, it ends up putting an absurd amount of money into the pockets of criminal groups. The findings echo similar claims made in a U.S.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

Security Affairs

OCTOBER 9, 2022

“Administration servers, Databases, backups, employee access to the administration of POS terminals and much more. The criminals are demanding $200,000 for the stolen access, they accept both Bitcoin and Monero cryptocurrencies. Multiple settings and developments. You can become the king of electricity the whole country.

Energy and Utilities 91

Energy and Utilities Ransomware InfoSec Hacking 91

Malwarebytes

DECEMBER 29, 2023

million in cryptocurrency, and removing the botnet’s associated Qakbot malware from hundreds of thousands of infected machines around the world. More recently, however, ransomware gangs have resorted to just stealing a victim’s data without detonating any ransomware afterwards. Create offsite, offline backups. million people.

Ransomware 83

Ransomware Malware Backups Encryption 83

Spinone

AUGUST 13, 2019

To be able to access them, you need a digital key, which you will get after you pay a ransom, usually in cryptocurrency. The primary goal of ransomware is to instill fear for your data. Backup & Sync will interpret encryption as regular file editing and get them automatically synced with Google Drive.

Ransomware 70

Ransomware Backups Encryption Malware 70

Security Affairs

JANUARY 25, 2021

Indian cryptocurrency exchange Buyucoin suffered a security incident, threat actors leaked sensitive data of 325K users. A new incident involving a cryptocurrency exchange made the headlines, the India-based cryptocurrency exchange suffered a security incident, threat actors leaked sensitive data of 325K users on the Dark Web.

Cryptocurrency 133

Cryptocurrency Hacking InfoSec Data breaches 133

Security Affairs

SEPTEMBER 22, 2019

Data leak exposes sensitive data of all Ecuador ‘citizens. France and Germany will block Facebooks Libra cryptocurrency. Backup files for Lion Air and parent airlines exposed and exchanged on forums. MobiHok RAT, a new Android malware based on old SpyNote RAT. Tor Projects Bug Smash Fund raises $86K in August.

Adware 52

Adware Password Management Advertising Hacking 52

SecureWorld News

SEPTEMBER 27, 2020

The days where victims could simply pay ransom for an encryption key, unscramble their data, and move on are ending. Now that some companies have managed to avoid paying ransom by restoring from backup, the gangs have upped their game. This last point about lawyers and cryptocurrency hits home and bothers me the most.

Ransomware 66

Ransomware Cryptocurrency Computers and Electronics Banking 66

Krebs on Security

DECEMBER 29, 2022

You just knew 2022 was going to be The Year of Crypto Grift when two of the world’s most popular antivirus makers — Norton and Avira — kicked things off by installing cryptocurrency mining programs on customer computers. The now-defunct and always phony cryptocurrency trading platform xtb-market[.]com,

Cryptocurrency 233

Cryptocurrency Cybercrime Computers and Electronics Scams 233

Pen Test

OCTOBER 10, 2023

Victims are instructed to pay a ransom payment, usually demanded in cryptocurrency, in exchange for the decryption key. If organizations don't pay up, they lose access to their critical data and applications. Even just the notification of a data breach can harm an organization's reputation and bottom line.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

eSecurity Planet

JULY 25, 2023

Organizations must practice incident response if they want to stop data breaches and cyberattacks. Data breaches: A data breach occurs when unauthorized individuals gain access to sensitive data, such as personal information, credit card or other payment information, and intellectual property.

Software 86

Software Data breaches DDOS Ransomware 86

Spinone

OCTOBER 13, 2020

Ransom payments are generally demanded in the form of untraceable cryptocurrency such as Bitcoin. As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. Backups aren’t working. Just the ransom payment alone can be tremendously expensive. Why do businesses pay the ransom?

Ransomware 52

Ransomware Backups Data breaches Encryption 52

eSecurity Planet

MARCH 24, 2022

While it did not identify LAPSUS$ as its attacker, LAPSUS$ later posted 190 GB of Samsung data, including Samsung’s biometric authentication and bootloader source code. Mid-March, popular game developer Ubisoft reported a data breach. It’s unknown what data was compromised.

Social Engineering 102

Social Engineering Engineering Data breaches Hacking 102

Spinone

MAY 8, 2020

Below are figures from the IBM 2019 Cost of a Data Breach Report : The average time to identify a breach in 2019 was 206 days The average time to contain a breach was 73 days , for a total of 279 days The potential damage, stealing of data, and widespread compromise that can happen in the meantime can be enormous and catastrophic to your business.

Cyber Attacks 78

Cyber Attacks Phishing Backups Ransomware 78

eSecurity Planet

DECEMBER 7, 2023

ECC is used for email encryption, cryptocurrency digital signatures, and internet communication protocols. The first is data encrypted throughout the lifecycle of use, which is currently more of a goal than a common practice. The second is data encrypted throughout a transmission from one device to another.

Encryption 101

Encryption Passwords IoT Firewall 101

Adam Levin

DECEMBER 27, 2019

fewer of you to go around because at this moment in history everyone understands that a good CISO is critical to the ongoing success of an enterprise (the 2019 IBM Cost of Data Breach study found that the average cost to an organization was $3.92 Cryptocurrency miners will continue to get rich off of stolen electricity.

Cybersecurity 100

Cybersecurity CISO IoT Insurance 100