A joint advisory detailing LockBit ransomware’s tactics and mitigations disclosed that the cybercrime gang extorted $91 million from US companies since 2020 after 1,700 attacks.
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
Ensuring data protection is an uphill battle as attacker tools and strategies grow more sophisticated over time, and turning to immutable ransomware protection is critical as it offers organizations secure storage that will ensure data protection and quick recovery following an attack.
Attackers approach targets for account takeover pretending to be a member of the Meta tech support team, using Facebook profiles that they have created that have a post history that makes it appear as if they are a legitimate employee.
Cybercrime group demands $1.9 million in ransom following a cyber attack at Mount Royal University in Calgary that leaked student and employee data and disrupted operations.
A Europol-headed law enforcement operation has put a serious dent in the dropper malware ecosystem, disrupting the botnets that these dropper systems rely on to function, with over 100 servers and 2,000 domains impacted across about a dozen countries.
According to a WEF report, cyber attacks remain the greatest business risk in the US, something that bucks a general global trend among the world's major economies.
Almost 18 months since the 2017 massive outbreak, the WannaCry ransomware remains a cyber threat based on recent research from Kaspersky Labs showing 75,000 infections over the last three months.
A ransomware attack on a healthcare IT solutions provider has disrupted access to patients’ electronic health records (EHRs) across numerous Dutch hospitals.
SaaS vendors are responsible for ensuring the security of their cloud environments, but each customer is responsible for securing their data in those clouds. The best way to secure assets such as business-critical data on the cloud is an account-level backup and recovery tool.
DoppelPaymer ransomware gang demanded Bitcoins worth about $34 million to unlock Foxconn's data encrypted in a ransomware attack that stole 100 GB of data and encrypted 1,200 servers.










