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Cybercrime to cost over $10 Trillion by 2025

Security Boulevard

With cybercrime rising by 600% during the pandemic, businesses are more vulnerable than ever to the financial and reputational repercussions of cyberattacks. Costs of Cybercrime Global cybercrime costs are on the rise, increasing 15 per cent year over year, according to a 2021 cyberwarfare report by CyberSecurity Ventures.

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US HHS warns healthcare orgs of Royal Ransomware attacks

Security Affairs

The US Department of Health and Human Services (HHS) warns healthcare organizations of Royal ransomware attacks. The Health and Human Services (HHS) is aware of attacks against the Healthcare and Public Healthcare (HPH) sector. The malware changes the extension of the encrypted files to ‘.royal’. Pierluigi Paganini.

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New Hive ransomware variant is written in Rust and use improved encryption method

Security Affairs

Hive ransomware operators have improved their file-encrypting module by migrating to Rust language and adopting a more sophisticated encryption method. ” These upgrades prove that Hive is one of the fastest evolving ransomware families in the cybercrime ecosystem. . ” reads the post published by Microsoft.

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North Korean Threat Actors Targeting Healthcare Sector with Maui Ransomware

SecureWorld News

United States government agencies recently released a joint Cybersecurity Advisory (CSA) providing information on how North Korean state-sponsored threat actors are actively using Maui ransomware to attack healthcare organizations. The only required argument is a folder path, which Maui will parse and encrypt identified files.".

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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. BlackCat has made the healthcare industry a prime target over the past year, victimizing providers, insurers, and now healthcare IT suppliers like Change Healthcare, a unit of Optum. authorities.

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Crooks target Healthcare facilities involved in Coronavirus containment with Ransomware

Security Affairs

Recently organizations in healthcare, research, and government facilities have been hit by Coronavirus-themed attacks that deployed multiple malware families, including ransomware and information stealers (i.e. AgentTesla ). Attackers used a spoofed address mimicking the World Health Organization (noreply@who[.]int)

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Report: Brazil must do more to encrypt, back up data

Malwarebytes

One of the biggest problems in the cybercrime section of the report relates to backups. Assuming the attackers don’t just vanish into the night, the business may decide to pay the ransom and recover the encrypted files. Healthcare and law enforcement are good examples of this. Backups in Brazil: An uphill struggle.