The biennial cyber exercise for the first time brings the U.S., Asia and Europe financial industry together for a sort of "war game" that simulates a major financial institution being taken out by a ransomware attack.
Already struggling to cover operating costs, the final blow for Lincoln College was a December 2021 ransomware attack that crippled systems used for student recruitment, retention programs and fundraising.
Ransomware attack’s main impact to derivative trading thus far has been long delays in processing for financial firms in Europe and the United States, but operations for other ION clients have also been strongly impacted.
When the first reports of the Colonial fuel pipeline attack appeared, it was natural to assume the worst but an investigation by the FBI has fingered a ransomware-as-a-service operator rather than a known state-backed group.
Digital city services of Antwerp, Belgium, suffered disruption after a ransomware attack compromised IT provider Digipolis, impacting critical departments including police and fire.
Leading U.S. satellite TV provider Dish Network confirmed that the ongoing widespread disruptions is the result of a ransomware attack that was yet to be resolved.
Ransomware attackers have ambitiously expanded their operations in the past year. Innovation continues as the Ragnar Locker Team is using Facebook Ads to pressure victims into paying up.
Gaming chipmaker Nvidia said hackers started releasing information stolen in the February massive data leak, but no evidence suggests it was a Russian-sponsored ransomware attack.
To stop a ransomware attack, you need the capability to detect threats and take action against them before they ever impact your business. Utilizing services such as extended detection and response (XDR) can provide round-the-clock monitoring from a team of cybersecurity experts.
Are ransomware attacks making a comeback as a dominant cyber security threat? Norsk Hydro, Verint, Weather Channel and Arizona Beverages are among the big names who have fallen victim in recent weeks.
