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Digitaltransformation advances all business areas, fundamentally optimizing business processes and delivering value to customers. Spending on digitaltransformation is expected to reach $1.8 Spending on digitaltransformation is expected to reach $1.8 trillion in 2022. trillion in 2022.
The shift to digital experiences and customer service in industries that were historically only brick-and-mortar underscores how rapid digitaltransformation expands the attack surface for cybercriminals. All the new points of sale (POS) and customer touchpoints increase the access points that bad actors can exploit.
Williams Dr. Darren Williams , CEO, BlackFog Lesser-known ransomware groups like Hunters International will grow rapidly, leveraging AI for more efficient attacks, while “gang-hopping” by cybercriminals complicates attribution and containment. This empowers them to proactively prioritize what matters most.
Today, the Chief Technology Officer (CTO) and Chief Information Security Officer (CISO) are rising in prominence—fuelled by the accelerating demands of AI innovation, cybersecurity, and digitaltransformation. The CTO must now understand regulatory frameworks, data ethics, and long-term enterprise integration.
Related: How cybercriminals leverage digitaltransformation. Or the payload might be a data exfiltration routine — or a full-blown ransomware attack. Sophos’ study of adversary activity found that some 47 percent of attacks started with an exploited vulnerability and 73 percent of attacks involved ransomware.
The Rise of Non-Ransomware Attacks on AWS S3 Data madhav Thu, 02/13/2025 - 04:39 A sophisticated ransomware gang, Codefinger, has a cunning new technique for encrypting data stored in AWS S3 buckets without traditional ransomware tools. Unlike conventional ransomware, the malicious actors dont exfiltrate any data.
Energy management and industrial automation firm Schneider Electric suffered a data breach after a Cactus ransomware attack. Schneider Electric is a multinational company that specializes in energy management, industrial automation, and digitaltransformation. The Cactus ransomware relies on multiple legitimate tools (e.g.
While ransomware has been around for decades, its prevalence has exploded over the last two years. The post 10 Ways a Zero Trust Architecture Protects Against Ransomware appeared first on TechRepublic. Attacks were once unfocused and one- dimensional; now they use targeted, multi-layered tactics.
As digitaltransformation accelerates, public infrastructure like energy and healthcare face increasing exposure to ransomware and espionage. Read more UK Considers Ransomware Payment Ban for Public Sector A proposal to ban ransomware payments by UK public sector and critical infrastructure organizations is under review.
The shift to remote care and the widespread adoption of EHR solutions by health systems have shaped digitaltransformation in healthcare. The challenge now is to understand how hospitals and care centers expect to protect patient information and maintain network performance when threats like Ransomware are lurking.
Digitaltransformation: The integration of IoT, SCADA systems, and advanced analytics has increased operational efficiency but also expanded the attack surface. A report from 2023 revealed that 67% of energy and utility companies faced ransomware attacks, with many incidents exploiting unpatched vulnerabilities.
Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. Today, this tactic has evolved, where ransomware operators in nearly every case first exfiltrate sensitive data and then threaten to publicly expose it if a ransom demand is not paid.
The Cactus ransomware gang claims the theft of 1.5TB of data from the Energy management and industrial automation firm Schneider Electric. The Cactus ransomware group claims responsibility for pilfering 1.5TB of data from the Energy management and industrial automation giant Schneider Electric.
While digitaltransformations have given state, local, and education (SLED) organizations unprecedented operational flexibility, threat actors are looking to exploit their new vulnerabilities. A virtual frontline has formed, and cybersecurity measures must defend against a rising tide of cyber threats.
Ransomware is getting worse. Cybersecurity analysts have been screaming this sentiment from the rooftops for years, but now new research examining the expanding landscape of software vulnerabilities leveraged in ransomware attacks offers up some hard numbers that put the depth of this problem into context.
Related: How cybercriminals leverage digitaltransformation. The post RSAC insights: How IABs — initial access brokers — help sustain, accelerate the ransomware plague appeared first on Security Boulevard. Initial access brokers, or IABs , are the latest specialists on the scene.
Ransomware attacks on large enterprises like Colonial Pipeline dominate the headlines. But did you know small and medium-size businesses (SMBs) account for at least half of all ransomware attacks, if not closer to two-thirds, according to the U.S. 1 In fact, ransomware is the most common cyberthreat that SMBs face. What it is.
In early May 2025, two of the United Kingdom's best-known grocers, Marks & Spencer (M&S) and the Co-op, as well as luxury retailer Harrods, were struck by sophisticated social-engineering attacks that tricked IT teams into resetting critical passwords and deploying ransomware across their networks. retail industry.
Virtual machines are becoming an increasingly popular avenue cybercriminals are taking to distribute their ransomware payloads onto compromised corporate networks. In order to avoid raising suspicions or triggering antivirus software , the ransomware payload will ‘hide’ within a VM while encrypting files on the host computer.”
North Korea’s Lazarus Group has reportedly designed new ransomware that is being targeted at M1 processors popularly running on Macs and Intel systems. Second is the news related to ransomware named HavanaCrypt that researchers from Cybereason claim to be targeting victims as fake Google software updates.
The post 30,000 Dealerships Down — ‘Ransomware’ Outage Outrage no. Spend more on security! Car and truck dealers fall back on pen and paper as huge SaaS provider gets hacked (again). 2 at CDK Global appeared first on Security Boulevard.
This surge is driven by a convergence of factorsfrom a spike in ransom ware attacks to the digitaltransformation of healthcarethat CISOs and healthcare executives must understand and act upon. A primary catalyst is the sharp rise in ransomware and other attacks on hospitals and clinics. billion by 2033, at a robust 18.55% CAGR.
The game has changed, today's cybercrime cartels want to hijack your digitaltransformation and use it to launch attacks against your customers. Ransomware deploys remote access trojans (RATs) in your environment. Cybersecurity has become a brand protection imperative. Insight #2. ".
A chart to future aviation industry cybersecurity best practices Digitaltransformation propels industries forward, and the aviation sector stands at the forefront of change, embracing technologies that promise efficiency, safety, and customer satisfaction. From ransomware attacks. appeared first on TrueFort.
From mass production of cheap malware to ransomware as a service (RaaS) , cyber criminals have industrialized cybercrime, and a new HP Wolf Security report warns that cybercriminals are adapting advanced persistent threat (APT) tactics too. Ransomware: Breach and Attack Simulations. Full Application Ring-fencing Attack Simulation.
Third-party security, ransomware , artificial intelligence (AI) and decentralized finance (DeFi) are some of the threats you can expect to see more of this year – with the potential for far worse results than we’ve seen in the past. Ransomware and Critical Infrastructure Attacks Get Worse. AI Attacks Lead to Regulation.
Speed is what digitaltransformation is all about. On the one hand, this has created a visibility challenge: companies racing ahead with digitaltransformation have lost track of all of the APIs they’re using to stitch together their digital services. The deployment of APIs has expanded exponentially.
Advanced VM tools and practices are rapidly emerging to help companies mitigate a sprawling array of security flaws spinning out of digitaltransformation. Digitaltransformation has spawned a cascade of nuanced, abstract vulnerabilities – and they’re everywhere. That’s changing — dramatically. Unified solution.
Ransomware has become a popular weapon in the hands of malicious actors who try to harm governments, businesses, and individuals daily. Ransomware is the final stage of a more complex attack. The post IDC Building Ransomware Resilience appeared first on TechRepublic.
Not to mention the negative financial impacts and reputational damage that ransomware can cause. The overall frequency of ransomware detections might be leveling off, but the sophistication, aggressiveness, and impact of this threat continues relentlessly.
Attacks are becoming more bespoke, government-sponsored threat actors and ransomware as a service, continue to unravel challenging businesses to minimize the time from initial breach to complete compromise, in the event of a compromise. . Digitaltransformation and Zero Trust .
Below are 5 realities that may or may not surprise you when it comes to integrating perimeter and internal defenses: Time is the currency of the day —Ransomware, cryptomining, and supply chain attacks are top of mind until we get into the office; business needs drive the fires to be fought during the day.
Dubbed CryWiper, it pretends to be ransomware. The post Russia Hit by New ‘CryWiper’ — Fake Ransomware appeared first on Security Boulevard. A new wiper malware is destroying data on Russian government PCs.
Related: A primer on advanced digital signatures. PKI and digital certificates were pivotal in the formation of the commercial Internet, maturing in parallel with ecommerce. Clearly, many companies need to get a better grip on PKI management simply to keep from derailing digitaltransformation.
Instead, they are utilizing exploits, such as Eternal Blue, and uncommon programming languages and obscure data formats to deposit ransomware. The post Ransomware Prevention and Remediation appeared first on TechRepublic.
But, as the world is fast moving towards digitaltransformation, data becomes vulnerable to electronic threats like ransomware, virus, etc. Here, I will reveal what you get with professional data recovery services… Data is the most valuable asset to every business – small, medium, or large organization.
Ransomware attacks will surge again, and adversaries will lean on behavioural science and seemingly legitimate ways to trick users. As the quality of these attacks increase, victims will find it increasingly hard to determine whether they are visiting trusted websites that have not been compromised and hold malicious ransomware code.
The post Top Four Steps to Reduce Ransomware Risk appeared first on TechRepublic. IT leaders must integrate security tools into a cooperative, consolidated ecosystem using a composable and scalable cybersecurity mesh architecture (CSMA) approach. By 2024, organizations adopting a CSMA to integrate security tools to.
Given how critical security is to digitaltransformation and our ability to innovate, we’ve got a robust line-up of cybersecurity topics – from SASE to zero trust and the technologies you need to help protect your business. Top three ways to prepare for a ransomware event. Speaker: Rupesh Chokshi.
Ransomware is a pervasive threat to a managed service provider’s (MSP) clients. The post MSPs: Requirements For Providing Your Clients With Leading Ransomware Protection appeared first on TechRepublic. And it’s highly prevalent, impacting 68.5 percent of organizations worldwide. In the process, it debilitates business operations.
In one sense, digitaltransformation is all about machines. Here are excerpts, edited for clarity and length: LW: Can you frame the top challenges businesses face as digitaltransformation accelerates? Hudson: The world as we once knew it is becoming digitalized. Everything.
There’s a temptation to dismiss it as a mere nuisance; companies deep into ‘digitaltransformation,’ in particular, might be lulled into this sort of apathy. Related: Why cryptojacking is more insidious than ransomware. LW: So cryptocurrency got discovered as the ideal payment vehicle for ransomware.
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