Now Available!
Join Us On LinkedIn
Join the Cybersecurity and Incident Response Group on LinkedInSmartwatch maker Garmin hit by outages after ransomware attack | Technology | The Guardian
Garmin has been forced to shut down its call centres, website and some other online services after a ransomware attack encrypted the smartwatch maker’s internal network and some production systems. The US company shut down services including the official Garmin website and all customer services, including phone lines, online chat and email. via Smartwatch maker […]
Ransomware Gangs Don’t Need PR Help — Krebs on Security
We’ve seen an ugly trend recently of tech news stories and cybersecurity firms trumpeting claims of ransomware attacks on companies large and small, apparently based on little more than the say-so of the ransomware gangs themselves. Such coverage is potentially quite harmful and plays deftly into the hands of organized crime. Often the rationale behind […]
How hackers extorted $1.14m from University of California, San Francisco – BBC News
A leading medical-research institution working on a cure for Covid-19 has admitted it paid hackers a $1.14m (£910,000) ransom after a covert negotiation witnessed by BBC News. The Netwalker criminal gang attacked University of California San Francisco (UCSF) on 1 June. via How hackers extorted $1.14m from University of California, San Francisco – BBC News.
New cyber threat takes top spot as number one cause of loss | Insurance Business
The key selling point for cyber insurance has evolved over recent years as cyberattacks have become more prominent. Several years ago, cyber insurance was important because of data breach concerns and protecting organizations’ liability if private data was exposed. Today, the focus is on the potentially huge losses stemming from cybercrime. In fact, over the […]
Ransomware Is Growing More Pernicious; It’s High Time Your Defenses Evolve : Risk & Insurance
One of the key takeaways from the inaugural meeting was the emergence of the Maze variant and a “new normal” of data exfiltration, often including stolen private customer information. Whereas previous generations of ransomware have been designed by threat actors to encrypt data and extort an organization for Bitcoin in exchange for the decryption key, […]
How to Pay a Ransom: A Step-By-Step Guide for Something You’d Never Do
While you may not envision a scenario where your company would give in to paying ransom, it’s happening more often as organizations weigh the risks and benefits and find they have no choice.So say this is your reality. Dark Reading spoke to several cybersecurity experts to map out the step-by-step process of paying ransom and […]
Cybersecurity survey by Canadian law firm offers surprising results | IT World Canada News
When Imran Ahmad got the results of his law firm’s recently-commissioned corporate cyber incidents report he was surprised. Data showed just over half of Canadian organizations hit by ransomware last year paid cyber criminals to get decryption keys for restoring scrambled data. The surprise? Ahmad, a partner in the cyber and privacy practice of national […]
Law Firm Hackers Claim to Have Dirt on Donald Trump, Up Data Ransom to $42M
The cyber-extortionists who stole a trove of private data from entertainment law firm Grubman Shire Meiselas & Sacks now have a new target in their sights: President Donald Trump. In a blog post Thursday on the dark web viewed by Variety, the hacker collective that is holding thousands of the law firm’s documents hostage — […]
Ransomware mentioned in 1,000+ SEC filings over the past year | ZDNet
A growing number of public companies are now listing ransomware as a forward-looking risk factor in documents filed with the US Securities Exchange Commission. More than 1,000 documents mentioning ransomware as a risk factor have been filed over the last 12 months, and more than 700 in 2020 alone, with the number expected to easily […]
Ransomware Payments Up 33% As Maze and Sodinokibi Proliferate in Q1 2020 – Security Boulevard
In Q1 2020, the average enterprise ransom payment increased to $111,605, up 33% from Q4 of 2019. Ransomware distributors increasingly targeted large enterprises and were successful in forcing ransom payments for the safe recovery of data. Large enterprise ransom payments are the minority by volume, but the size of the payments dramatically pulled up the […]
Ransomware top of mind for DHS cyber chief — FCW
Speaking at the RSA Conference in San Francisco, Cybersecurity and Infrastructure Security Agency Director Christopher Krebs said his agency has stepped up efforts to proactively reach out to federal agencies, local governments, businesses and critical infrastructure managers about how to prepare and what to do if their data is encrypted and held ransom by criminals […]
Ransomware Payments Doubled While Downtime Grew in Q4 – Infosecurity Magazine
The average ransomware payment more than doubled quarter-on-quarter in the final three months of 2019, while average downtime grew by several days, according to the latest figures from Coveware. The security vendor analyzed anonymized data from cases handled by its incident response team and partners to compile its Q4 Ransomware Marketplace report. It revealed that […]
Hackers Cripple Airport Currency Exchanges, Seeking $6 Million Ransom – The New York Times
The numbers that usually glow with exchange rates on Travelex boards in airports worldwide have gone dark, after the London-based currency exchange company was forced to go offline after it discovered a ransomware attack on Dec. 31. The disruption has also affected banks like Barclays, Royal Bank of Scotland and HSBC, which have been unable […]
Like Voldemort, Ransomware Is Too Scary to Be Named — ProPublica
Even when companies do allude to an attack in SEC filings, they typically resort to euphemisms rather than the very word that best describes what paralyzed their business and caused millions of dollars in losses. Just as wizards in the Harry Potter books speak of evil Lord Voldemort as “He Who Must Not Be Named,” […]
Ryuk Ransomware Took Down U.S. Coast Guard Operations
The officials of the U.S. Coast Guard (USCG) recently disclosed a Ryuk ransomware infection that took down the entire corporate IT network of a Maritime Transportation Security Act (MTSA) regulated facility for more than 30 hours. The authorities stated the ransomware interrupted the camera and physical access control systems. It’s believed that a malicious email […]