‘Punishing the victims’: Would banning ransom payments stop hospital cyberattacks?

In its The State of Ransomware in the U.S. report for 2023, Emsisoft opined that the only solution to the ransomware crisis is to completely ban ransomware payments. That recommendation has generated some discussion, and now Becker’s has also reached out to health system CISOs to get their reaction to the recommendation. The majority’s opinion […]

Data Breach News, Malware Ransomware
January 18, 2024
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Foxsemicon, a Taiwanese semiconductor company, hit by ransomware attack

Daryna Antoniuk reports: One of Taiwan’s biggest semiconductor manufacturers has fallen victim to a cyberattack, supposedly carried out by the notorious LockBit ransomware gang. The hackers posted a threatening message on Foxsemicon’s website, stating that they had stolen its customers’ personal data and would publish it on their darknet website if the company refused to […]

BakerHostetler: 2023 Data Security Incident Response Report

BakerHostetler law firm is well-known for data breach incident response. They write, “Three years ago we set a new industry standard by creating our Digital Assets and Data Management (DADM) practice group, which now has more than 100 attorneys and technologists. Every year we organize and publish our collective insights in this report. It is […]

Data Breach News, Malware Ransomware
January 02, 2024
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After ransomware claims, Xerox says subsidiary hit with cyberattack

The Record reports: Xerox said a subsidiary is dealing with a cyberattack that may have involved the theft of personal information. Last week a ransomware gang named INC claimed it attacked the company — which earned over $7 billion in 2022 from selling printers in more than 160 countries. When asked about the claims, a spokesperson for Xerox directed […]

The State of Ransomware in the U.S.: Report and Statistics 2023

Emsisoft reports: In 2023, the U.S. was once again battered by a barrage of financially-motivated ransomware attacks that denied Americans access to critical services, compromised their personal information, and probably killed some of them. In total, 2,207 U.S. hospitals, schools and governments were directly impacted by ransomware over the course of the year, with many […]

Data Breach News, Malware Ransomware, News
January 02, 2024
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Cactus Ransomware Gang Hit the Swedish Retail and Grocery Provider Coop (1)

Security Affairs reports: The Cactus ransomware group claims to have hacked Coop, one of the largest retail and grocery providers in Sweden. Coop is one of the largest retail and grocery providers in Sweden, with approximately 800 stores across the country. The stores are co-owned by 3.5 million members in 29 consumer associations. All surplus that […]

Data Breach News, Malware Ransomware, News
December 30, 2023
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ChatGPT-aided ransomware in China results in four arrests as AI raises cybersecurity concerns

The South China Morning Post reports: Four cyber attackers in China have been arrested for developing ransomware with the help of ChatGPT, the first such case in the country involving the popular chatbot that is not officially available locally. The attack was first reported by an unidentified company in Hangzhou, capital of eastern Zhejiang province, which […]

Data Breach News, Malware Ransomware
December 30, 2023
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Ohio Lottery hit by cyberattack claimed by DragonForce ransomware

Bleeping Computer reports: The Ohio Lottery was forced to shut down some key systems after a cyberattack affected an undisclosed number of internal applications on Christmas Eve. While the incident is now under investigation, and the lottery is working to restore all impacted servies, its gaming system is still fully operational. […] While the state […]

Data Breach News, Commentaries and Analyses, Malware Ransomware, News
December 26, 2023
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Study Finds Increase in Remote Encryption Attacks Ransomware Groups

Ticker.tv reports: A recent report released cybersecurity service provider Sophos reveals a significant rise in remote encryption attacks conducted some of the most active ransomware groups. The study, titled “CryptoGuard: An Asymmetric Approach to the Ransomware Battle,” identifies ransomware groups including Akira, ALPHV/BlackCat, LockBit, Royal, and Black Basta as perpetrators of remote encryption attacks. In […]