Incidents involving malware or ransomware. In some cases, incidents called “ransomware” do not involve any locking but merely hack, exfiltrate, and attempt to extort.
A costly lesson to learn, but it sounds like Merck learned it. Fortune reports: Cybersecurity has always been a priority, but got even more attention inside Merck after the company was stung by the NotPetya cyberattack in 2017, which reportedly damaged more than 30,000 of the company’s computers. It led to $1.4 billion in claims […]
The Change Healthcare ransomware attack that was first disclosed in February 2024 continues to cause problems and make headlines. HIPAA Journal reports on the financial impact: The cost of the Change Healthcare ransomware attack has risen to $2.457 billion, according to UnitedHealth Group’s Q3, 2024 earnings report. Revenues in the third quarter increased by 9% year-over-year […]
Security Week reports that Japanese electronics giant Casio has revealed that the recent cyberattack was carried out by a ransomware group and confirmed that the incident has resulted in a data breach: Casio said last week that it had detected unauthorized access to its network on October 5. The incident resulted in a system failure and some […]
The Record reports: Wayne County, Michigan is dealing with a cyberattack that has shut down all government websites and limited the operations of several offices. Home to Detroit, the county is the largest in the state with more than 1.75 million residents. County spokesperson Doda Lulgjuraj told Recorded Future News that the investigation into the […]
Operation Cronos revealed more arrests, sanctions, and disruption of the LockBit ransomware operation. Help Net Security reports: The third phase of Operation Cronos, which involved officers from the UK National Crime Agency (NCA), the FBI, Europol and other law enforcement agencies, has resulted in the arrest of four persons for allegedly participating in the LockBit […]
If you are curious to see what kinds of nude imagery AI can generate, we won’t judge you, but we would warn you that some hackers are using these fake nude generators to spread malware. 2-Spyware reports: A well-known hacking group called FIN7 is using fake websites that pretend to offer AI-generated nude images. Instead […]
Some experts from negotiation firms offer their perspectives on the thorny question of whether to pay ransom. Business Insider reports: Cybercriminals stealing important data and holding it for ransom can be a company’s worst nightmare. Instances of ransomware, a type of malicious software that holds sensitive data hostage until a victim pays the attacker, are […]
How many times have the government and intel firms warned us that decryptors provided by ransomware gangs do not always work and a significant percentage of victims wind up not recovering all their files even though they paid the ransom? Here’s another example from The Register, where an unnamed victim company paid the Hazard ransomware […]
From the Cleveland FBI: On August 12, FBI Cleveland announced the disruption of “Radar/Dispossessor”—the criminal ransomware group led by the online moniker “Brain”—and the dismantling of three U.S. servers, three United Kingdom servers, 18 German servers, eight U.S.-based criminal domains, and one German-based criminal domain. Since its inception in August 2023, Radar/Dispossessor has quickly developed […]
Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows
Claims Journal reports: Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber insurance provider. Coalition published its 2024 Cyber Claims Report: Mid-year Update, which details emerging cyber trends and their impact on policyholders through the first half of 2024. The frequency of using ransomware as […]