article thumbnail

The State of Ransomware

Schneier on Security

Palo Alto Networks published its semi-annual report on ransomware. From the Executive Summary: Unit 42 monitors ransomware and extortion leak sites closely to keep tabs on threat activity. Of the 53 ransomware groups whose leak sites we monitored, six of the groups accounted for more than half of the compromises observed.

article thumbnail

Ransomware Remains a ‘Brutal’ Threat in 2024

Lohrman on Security

Several recently released cyber industry reports show steady or growing ransomware numbers in 2024 so far, and impacts on business and government have never been greater.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ransomware Payments Are Down

Schneier on Security

Chainalysis reports that worldwide ransomware payments were down in 2022. Ransomware attackers extorted at least $456.8 When we published last year’s version of this report, for example, we had only identified $602 million in ransomware payments in 2021. million from victims in 2022, down from $765.6

article thumbnail

Lessons from a Ransomware Attack against the British Library

Schneier on Security

You might think that libraries are kind of boring, but this self-analysis of a 2023 ransomware and extortion attack against the British Library is anything but.

article thumbnail

Cybersecurity Predictions for 2024

Within the past few years, ransomware attacks have turned to critical infrastructure, healthcare, and government entities. Attackers have taken advantage of the rapid shift to remote work and new technologies. Add to that hacktivism due to global conflicts and U.S.

article thumbnail

Cisco Talos: Top Ransomware TTPs Exposed

Tech Republic Security

Read about the new Cisco Talos report on the top ransomware groups’ techniques and learn how to mitigate this cybersecurity risk. Cisco Talos observed the TTPs used by 14 of the most prevalent ransomware groups based on their volume of attack, impact to customers and atypical behavior.

article thumbnail

Companies Often Pay Ransomware Attackers Multiple Times

Security Boulevard

Nearly a third of companies hit by ransomware attacks paid ransoms four or more times in the past year, according to the Semperis 2024 Ransomware Risk report. The post Companies Often Pay Ransomware Attackers Multiple Times appeared first on Security Boulevard.

article thumbnail

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Did you know that 2021 was a record-breaking year for ransomware? Considering the possible impact and the increased threat vector, deploying efficient ransomware protection must remain a priority for organizations of all sizes. Ransomware growth trends and stats. The costs and impact of a ransomware attack.

article thumbnail

5 Key Findings From the 2023 FBI Internet Crime Report

The losses companies suffered in 2023 ransomware attacks increased by 74% compared to those of the previous year, according to new data from the Federal Bureau of Investigation (FBI). Ransomware attackers can potentially paralyze not just private sector organizations but also healthcare facilities, schools, and entire police departments.