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Higher Ed Ransomware Attack: University Pays Hackers $450,000

SecureWorld News

The University had servers encrypted but restored the systems and the access from backups. Why pay if you have restored access to your encrypted system, the way the University of Utah was able to do? The University made the payment in cryptocurrency, through a third party firm. And number one is cyber insurance.

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2023 Cybersecurity Predictions from Marcus Fowler, Darktrace

CyberSecurity Insiders

Cyber attribution and deciphering the extent of state-level tasking is difficult, with blurred lines between state-aligned, state-involved and state-directed increasing the risk of escalation, collateral and misattribution. 3 – Crypto-jacking neglect gets dangerous.

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The Surge of Double Extortion Ransomware Attacks

Pen Test

A particularly insidious new trend is the rise of "double extortion" attacks, in which cybercriminals not only encrypt an organization's data but also threaten to publicly release sensitive stolen information if the ransom is not paid. CryptoLocker, in 2013, pioneered the use of strong encryption algorithms. Seek adequate coverage.