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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.

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BlackCat Ransomware Raises Ante After FBI Disruption

Krebs on Security

Federal Bureau of Investigation (FBI) disclosed today that it infiltrated the world’s second most prolific ransomware gang, a Russia-based criminal group known as ALPHV and BlackCat. BlackCat formed by recruiting operators from several competing or disbanded ransomware organizations — including REvil , BlackMatter and DarkSide.

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What Is ShrinkLocker? New Ransomware Targets Microsoft BitLocker Encryption Feature

Tech Republic Security

The ShrinkLocker ransomware exploits the BitLocker feature on enterprise PCs to encrypt the entire local drive and remove recovery options.

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Ransomware Gang Files SEC Complaint

Schneier on Security

A ransomware gang, annoyed at not being paid, filed an SEC complaint against its victim for not disclosing its security breach within the required four days. This is over the top, but is just another example of the extreme pressure ransomware gangs put on companies after seizing their data.

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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.

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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

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Black Basta Ransomware Struck More Than 500 Organizations Worldwide

Tech Republic Security

Read about Black Basta ransomware’s impact and how to mitigate it. Plus, learn about recent ransomware trends.

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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.

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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.