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Microsoft warns of destructive attacks by Lapsus$ cybercrime group

Tech Republic Security

Using social engineering rather than traditional ransomware tactics, the Lapsus$ group has already hit multiple organizations, says Microsoft. The post Microsoft warns of destructive attacks by Lapsus$ cybercrime group appeared first on TechRepublic.

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Wanted: Disgruntled Employees to Deploy Ransomware

Krebs on Security

Criminal hackers will try almost anything to get inside a profitable enterprise and secure a million-dollar payday from a ransomware infection. Abnormal Security documented how it tied the email back to a young man in Nigeria who acknowledged he was trying to save up money to help fund a new social network he is building called Sociogram. .”

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Blacktail: Unveiling the tactics of a notorious cybercrime group

CyberSecurity Insiders

In recent months, a cybercrime group known as Blacktail has begun to make headlines as they continue to target organizations around the globe. Since February, the group has launched multiple attacks based on their latest ransomware campaign labeled Buhti. Babuk is a ransomware that was first discovered in early 2021.

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U.S. Cybersecurity Agencies Warn of Scattered Spider's Gen Z Cybercrime Ecosystem

The Hacker News

Scattered Spider threat actors typically engage in data theft for extortion using multiple social engineering techniques and have recently leveraged BlackCat/ALPHV ransomware alongside their

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Known ransomware attacks up 68% in 2023

Malwarebytes

Top of the list is “Big Game” ransomware, the most serious cyberthreat to businesses all around the world. The report reveals that, awash with money, the number of known Big Game attacks surged by 68% in 2023, thanks to Ransomware-as-a-Service groups like LockBit and ALPHV.

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Ransomware realities in 2023: one employee mistake can cost a company millions

Security Affairs

What is the impact of ransomware on organizations? According to Statista.com, the impact of cybercrime is expected to reach almost $13 trillion this year. Based on Ransomlooker, a free Cybernews tool for monitoring the dark web and other hidden areas of the internet, 64% of organizations have already suffered from a ransomware attack.

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Mastermind: Social Engineering, BEC Attacks, Millions in Cash and Crypto

SecureWorld News

That's because Ghaleb Alaumary motivated teams of criminals to commit cybercrime, financial crime, and to collectively steal tens of millions of dollars. Cybercrime ringleader confesses to conspiracies. Business email compromise scheme and social engineering. Social engineering—in person—was the next part of the scheme.