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HardBit ransomware tailors ransom to fit your cyber insurance payout

Malwarebytes

What does the encryption warning message say? encrypts files and presents the following infection message on compromised desktops: All your important files are stolen and encrypted! All your files have been encrypted due to a security problem with your PC. Stop malicious encryption. Create offsite, offline backups.

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Ransomware gangs increasingly targeting virtualization platforms says study 

CyberSecurity Insiders

M-Trends 2022 report not only disclosed what threat actors are doing, but has also offered ways to mitigate risks. And from early 2022, the focus of the cyber criminals has shifted towards core business environments such as virtualization as any attack on such operations will lead to complex IT disasters.

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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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Ransomware Prevention, Detection, and Simulation

NetSpi Executives

Victims pay ransomware adversaries for decryption keys through cryptocurrency, such as Bitcoin. In addition to encrypting data and holding it hostage, ransomware attackers also upload valuable data to other systems on the internet. Ransomware adversaries hold the data hostage until a victim pays the ransom.

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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. 3 – Crypto-jacking neglect gets dangerous.

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How Not to Pay the Ransom? No Soup For You, Ransomware!

Thales Cloud Protection & Licensing

Too many businesses cannot continue their activities until they recover the data encrypted by ransomware. Many collaborative platforms can help you recover the data encrypted by ransomware. Your own systems may fail to process the encryption key. And do not forget about data encryption, both data in transit and static.

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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.