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Insurance and Ransomware

Schneier on Security

As ransomware becomes more common, I’m seeing more discussions about the ethics of paying the ransom. Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. However, the most pressing challenge currently facing the industry is ransomware.

Insurance 331
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Ransomware Victims That Pay Up Could Incur Steep Fines from Uncle Sam

Krebs on Security

Companies victimized by ransomware and firms that facilitate negotiations with ransomware extortionists could face steep fines from the U.S. While it may seem unlikely that companies victimized by ransomware might somehow be able to know whether their extortionists are currently being sanctioned by the U.S. Image: Shutterstock.

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GUESST ESSAY: Cybercrime for hire: small businesses are the new bullseye of the Dark Web

The Last Watchdog

And thanks to an explosion of inexpensive cybercrime-as-a-service offerings on the dark web, launching an attack is easier and cheaper than ever. Cybercrime industrialized The dark web has become a marketplace where bad actors can buy tools and access with the ease of shopping for software.

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Healthcare Now Third-Most Targeted Industry for Ransomware

SecureWorld News

Ransomware attacks on healthcare organizations have sharply increased in 2024, as shown by recent research from Safety Detectives. Compared to 2023, healthcare providers are facing a higher frequency of ransomware incidents, impacting their ability to deliver essential services and protect sensitive patient data.

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Black Basta ransomware gang hit BT Group

Security Affairs

BT Group (formerly British Telecom)’s Conferencing division shut down some of its servers following a Black Basta ransomware attack. British multinational telecommunications holding company BT Group (formerly British Telecom) announced it has shut down some of its servers following a Black Basta ransomware attack. reads the CSA.

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An Interview With the Target & Home Depot Hacker

Krebs on Security

for stealing data on nearly 10 million customers of the Australian health insurance giant Medibank. In February, he and Ermakov were arrested on charges of operating a short-lived ransomware affiliate program in 2021 called Sugar (a.k.a. Shefel claims his Sugar ransomware affiliate program was a bust, and never generated any profits.

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Ransomhub ransomware gang claims the hack of Mexican government Legal Affairs Office

Security Affairs

Mexico is investigating a ransomware attack targeting its legal affairs office, as confirmed by the president amidst growing cybersecurity concerns. Mexico’s president announced the government is investigating an alleged ransomware hack that targeted the administration’s legal affairs office. Knight, also known as Cyclops 2.0,