eSecurity Planet

JULY 12, 2022

The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help.

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CyberSecurity Insiders

DECEMBER 29, 2022

In one of the strange decisions taken by Ohio Supreme Court over a previous judgement pronounced earlier by Ohio Second District Court, the law stated that there must be a direct physical loss or damage to a company in the event of a file encrypting malware disaster.

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Krebs on Security

AUGUST 29, 2019

PerCSoft , a Wisconsin-based company that manages a remote data backup service relied upon by hundreds of dental offices across the country, is struggling to restore access to client systems after falling victim to a ransomware attack. The ransomware attack hit PerCSoft on the morning of Monday, Aug. West Allis, Wis.-based

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CyberSecurity Insiders

JANUARY 26, 2022

Merck, the Pharma giant from New Jersey, has won a legal battle with its insurer for covering costs related to the NotPetya ransomware attack that crippled its computer networks to the core incurring losses in millions. Moving ahead into the details, the year 2017 witnessed many companies falling prey to NotPetya ransomware hackers.

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eSecurity Planet

OCTOBER 18, 2022

For any organization struck by ransomware , business leaders always ask “how do we decrypt the data ASAP, so we can get back in business?”. The good news is that ransomware files can be decrypted. What can be done to recover from ransomware attacks when backups are not available? Insured companies often will not have options.

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CyberSecurity Insiders

JULY 29, 2022

Hive Ransomware group has reportedly locked down a school from digital access and is demanding £500,000 to free up data from encryption. Yes, what is being read is true as Wootton Upper School in Bedfordshire-part of Wootton Academy Trust was victimized by the file encrypting malware spreading gang and are adamant in their demand.

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SecureWorld News

MAY 9, 2023

The attacker managed to upload ransomware into the department's information technology system, which resulted in the department's operations being affected. Officials only referred to the incident as a "network disruption" until they finally acknowledged that a ransomware attack had taken place.

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Security Affairs

AUGUST 21, 2020

The University of Utah admitted to have paid a $457,059 ransom in order to avoid having ransomware operators leak student information online. The university did not reveal the ransomware family involved in the attack. ” According to the University, the ransomware encrypted only 0.02% of the data stored on its servers.

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eSecurity Planet

OCTOBER 18, 2021

A lawsuit working its way through the courts could have a lot to say about the liabilities facing organizations that have been hit by ransomware attacks – and could have implications for cybersecurity preparation and regulation in general. Hospital’s Operations Hit by Ransomware. ” Cyber Insurance No Longer Reliable.

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CyberSecurity Insiders

SEPTEMBER 21, 2021

As soon as we hear or read about a ransomware attack on a company, we are in a state of mind that the business needs to pay only the ransom in order to avoid a loss to its data continuity on a permanent loss. But we never think or bother about the hidden/unexpected costs that a file encrypting malware attack brings with it.

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CyberSecurity Insiders

APRIL 19, 2022

A study conducted by Cybersecurity Firm Mandiant confirms that ransomware actors are increasingly targeting virtualization platforms to extort ransom in large amounts. The year 2021 witnessed an increase in ransomware attacks on Corporate IT environments.

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SecureWorld News

AUGUST 18, 2020

The Carnival Corporation, which has canceled cruises for months now as a result of COVID-19, says one of its cruise brands was hit with a ransomware cyberattack. What do we know about the Carnival Cruises ransomware attack? Hackers encrypted some files. Ransomware attacks 2020: what do cybercrminals want?

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Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. Pharmaceutical giant Merck & Co. Merck suffered US$1.4

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Thales Cloud Protection & Licensing

MAY 9, 2022

It is hard to believe that it has already been one year since the Colonial Pipeline ransomware attack that forced the U.S. This attack was one of the biggest ransomware ones to date. Attacks on Critical National Infrastructure will continue to rise in 2022 as ransomware gangs show no signs of abating. Mon, 05/09/2022 - 05:40.

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Malwarebytes

NOVEMBER 15, 2023

This article is based on research by Marcelo Rivero, Malwarebytes’ ransomware specialist, who monitors information published by ransomware gangs on their Dark Web sites. This provides the best overall picture of ransomware activity, but the true number of attacks is far higher.

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Security Affairs

MAY 1, 2020

Maze Ransomware operators claim to have gained access to the network of Banco BCR of Costa Rica and stolen 11 million credit card credentials. Maze Ransomware operators claim to have hacked the network of the state-owned Bank of Costa Rica Banco BCR and to have stolen internal data, including 11 million credit card credentials.

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Malwarebytes

JULY 11, 2022

TikTok is “unacceptable security risk” and should be removed from app stores, says FCC Google to delete location data of trips to abortion clinics IconBurst software supply chain attack offers malicious versions of NPM packages Discord Shame channel goes phishing Verified Twitter accounts phished via hate speech warnings Apple Lockdown (..)

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Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups.

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CyberSecurity Insiders

OCTOBER 26, 2022

The impact of ransomware attacks on businesses is twofold. While many equate ransomware with encrypted files and potential ransom payments, the consequences go even further in terms of the costs and requirements of an organization. The Dangers of Ransomware Attacks. By Rajesh Ram, Chief Strategy Officer at Egnyte.

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CyberSecurity Insiders

JUNE 10, 2021

To recover from the ransomware attack in less than a day, JBS USA has reportedly paid $11 million to hackers says a statement released by the company’s CEO Andre Nogueira, on Wednesday. Those spreading REvil or Sodinokibi ransomware are said to be involved in the cyberattack on JBS Foods.

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CyberSecurity Insiders

JUNE 24, 2021

The International Information System Security Certification Consortium (ISC)², has made an official announcement that its Professional Development Institute(PDI) Courses related to ransomware: Identity, protect, defend and recover will be available for free of cost until July 31st this year.

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CyberSecurity Insiders

OCTOBER 20, 2021

Okumu lived through the ransomware attack on the City of Baltimore in 2018, which affected 90% of the municipality’s applications. As the then-director of IT infrastructure for the city, he learned a lot of valuable lessons about defending against and recovering from a ransomware attack. It had started sometime between 4 a.m.

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Malwarebytes

DECEMBER 20, 2022

H-Hotels, a large hospitality chain with 60 hotels across several countries including Germany and Switzerland has announced it has fallen victim to a ransomware attack. The incident, which took place on December 11, is allegedly a double whammy of hijacked devices and data theft…if a ransomware group is telling the truth.

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eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

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CyberSecurity Insiders

APRIL 23, 2021

Initially, the channel claimed that it was a disruption caused because of some technical difficulties, but later confirmed the cyber incident. Harris Federation Cyber Attack- A ransomware attack targeted educational institute Harris Federation disrupting online studies and correspondence to nearly 37K students in March 2021.

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Cytelligence

JANUARY 27, 2020

Ransomware is becoming an epidemic in the cybersecurity world, with new strains being created continuously by criminals to extort money out of unsuspecting users. What is Ransomware? Ransomware is a devastating attack on an organization’s or individual’s digital assets. Damages from ransomware in 2019 rose to over $11.5

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Security Boulevard

JUNE 2, 2022

Ransomware attacks increased by yet another 80% between February 2021 and March 2022, based on an analysis of ransomware payloads seen across the Zscaler cloud. Double-extortion attacks, which include data exfiltration in addition to encryption, are rising even faster at 117% year-over-year. PYSA/Mespinoza. REvil/Sodinokibi.

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Webroot

SEPTEMBER 7, 2023

The number of ransomware attacks has increased by 18% , while the worldwide volume of phishing attacks doubled to 500 million in 2022. The best way to weather these challenges is to become a cyber resilient business. If a cyber criminal gets access to emails, they won’t be able to access that sensitive data if it’s encrypted.

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Encryption Cyber Insurance Cybercrime Phishing 88

SC Magazine

FEBRUARY 25, 2021

On Wednesday – just Wednesday – news stories emerged about an airplane maker, information technology giant and computer game company all having operations disrupted by ransomware. In the past, the government would not step in because ransomware was not a national security issue. But few solutions have been formally put onto the table.

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Malwarebytes

MARCH 10, 2021

The REvil ransomware (AKA Sodinokibi , which operates as a Ransomware as a Service ) is adopting some outreach techniques after initial compromise , designed to shame victims into paying up. It can have very serious consequences, with at least one tragedy involving a suicide linked to common-or-garden ransomware threats.

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CyberSecurity Insiders

OCTOBER 24, 2022

Here are a few prime examples of cyber-attacks in the education sector. From December 2021 through January the following year, Bernalillo County was slammed by a ransomware attack that targeted government services. Freshly on the heels of this cyber security nightmare, the Albuquerque school system was breached. Cyber insurance.

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SecureWorld News

JUNE 18, 2020

Maze ransomware strikes again. Maze ransomware: to pay or not to pay? The ransomware attack has not materially affected our production and shipment capabilities, and order fulfillment has continued without material interruption. We carry cybersecurity insurance, subject to applicable deductibles and policy limits.

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Malwarebytes

JANUARY 15, 2023

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. There’s no word if any of the schools affected paid the ransom and had their data leaked anyway, or if the ransomware gang stuck to its word and “only” leaked in cases of non-payment.

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SecureWorld News

NOVEMBER 12, 2020

Ransomware. Cyber Espionage. So that is the top 15 list of cyber threats according to the European Union. We can't look at all of these categories, but let's talk about the number one cyber attack threat of malware. 67%_of malware was delivered via encrypted HTTPS connections. Trends in ransomware attacks.

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The Last Watchdog

OCTOBER 5, 2023

Erin: What are some of the biggest cyber threats that businesses face today? Byron: The economic impact of phishing, ransomware, business logic hacking, Business Email Compromise (BEC) and Distributed Denial of Service (DDoS) attacks continues to be devastating. Erin: How has the ransomware threat evolved in recent years?

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SecureWorld News

DECEMBER 2, 2020

What happened in this K12 ransomware attack. What happened in this ransomware attack? The cybercriminals who deployed the ransomware threatened to publish that confidential data about students and teachers. Which of the ransomware gangs or groups hit K12 Inc and its network in this cyber attack? Is it critical?

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Malwarebytes

SEPTEMBER 30, 2022

Build a playbook for ransomware response and recovery. Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Data encryption for data at rest and in transit. Table of Contents.

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