Remove ransomware-payouts
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Ransomware Payouts in Review. Highest Payments, Trends & Stats

Heimadal Security

Ransomware has come to be a customary instrument in the arsenal of cybercriminals who routinely attack individuals and organizations. Under such circumstances, their victims experience financial damage either by owning up to large ransomware payouts or by bearing the price of recovering from attacks.

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To avoid penalties for ransomware payouts, incident response pros press for due diligence

SC Magazine

Being coerced into paying a large ransomware demand is bad enough. 1 advisory warning against companies facilitating ransomware payments to groups who are on the Specially Designated Nationals and Blocked Persons List (“SDN List”) or have a “sanctions nexus.”. (AgnosticPreachersKid, CC BY-SA 3.0

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Ransomware Cost to Grow Exponentially to Reach $265 Billion by 2031

Security Boulevard

The footprint of ransomware has been growing globally in terms of both impact and payouts for attackers. However, it has also evolved into many dangerous forms nowadays as threat actors are stealing sensitive info through ransomware attacks and threatening to sell it on the dark web.

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REvil Ransomware Gang Starts Auctioning Victim Data

Krebs on Security

The criminal group behind the REvil ransomware enterprise has begun auctioning off sensitive data stolen from companies hit by its malicious software. A partial screenshot from the REvil ransomware group’s Dark Web blog. and Europe in early March.” So it’s a double vig.”

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GUEST ESSAY: Defending ransomware boils down to this: make it very costly for cybercriminals

The Last Watchdog

From financial institutions to meat producers, it seems every industry has been impacted by ransomware in the past year — maybe even the past week. Related: Tech solutions alone can’t stop ransomware. Put simply, ransomware attacks are on the rise because of profits. Why the stark increase? Low cost attacks.

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Arrest, Seizures Tied to Netwalker Ransomware

Krebs on Security

and Bulgarian authorities this week seized the darkweb site used by the NetWalker ransomware cybercrime group to publish data stolen from its victims. The victim shaming site maintained by the NetWalker ransomware group, after being seized by authorities this week. ” Image: Chainalysis. . ” Image: Chainalysis.

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BlackCat Eats into Its Nine Lives, Threatens More Attacks on Hospitals

SecureWorld News

Change Healthcare, a major provider of IT services to hospitals, continues to battle the BlackCat ransomware syndicate. The FBI and CISA have labeled BlackCat one of the most prolific and damaging ransomware groups currently active. BlackCat had established itself as a formidable player in the ransomware landscape. authorities.