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 […]

Cyberattack, Malware Ransomware, News
October 04, 2024
754 views 55 secs 0

Cyberattack Disrupts Michigan’s Largest County; Detroit-area government services impacted by cyberattack

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 […]

Data Breach News, Malware Ransomware, News
October 04, 2024
634 views 3 secs 0

4 new LockBit-related arrests, identities of suspected Evil Corp members, affiliates revealed

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 […]

Data Breach News, Malware Ransomware
September 13, 2024
708 views 44 secs 0

Should your company pay cybercriminals after a ransomware attack? It depends.

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 […]

Malware Ransomware, Data Breach News, News
August 13, 2024
738 views 4 mins 0

International Investigation Leads to Shutdown of RADAR-DISPOSSESSOR Ransomware Group

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 […]

Data Breach News, Malware Ransomware
August 06, 2024
676 views 47 secs 0

Cyberattacks Last Year Hit Henry Schein Hard, Profits Fall

When Henry Schein was hit by AlphV/BlackCat last year and didn’t pay, the threat actors hit them again. The Cyber Express reports: Prominent dental and medical equipment provider Henry Schein has lowered its annual profit and growth forecast, owing to a series of cyberattacks last year. Reuters reported that the company’s shares (HSIC) were down 7.3% to […]

Data Breach News, Malware Ransomware
July 23, 2024
775 views 34 secs 0

Heads-Up: Threat Actor Uses Fake CrowdStrike Recovery Manual to Deliver Unidentified Stealer

Following up on recent reports that threat actors were capitalizing on the CrowdStrike glitch by using phishing attacks to obtain credentials or spread malware, CrowdStrike reported yesterday: On July 22, 2024, CrowdStrike Intelligence identified a Word document containing macros that download an unidentified stealer now tracked as Daolpu. The document impersonates a Microsoft recovery manual.1 Initial analysis […]