The White House summit brought together leaders from over 30 countries to discuss a global response to the threat of ransomware attacks. Event concluded with a broad variety of proposals including increased private sector engagement.
According to iapp, almost half of all data breaches in 2022 began with stolen credentials and ransomware damages are expected to exceed $30 billion worldwide in 2023.
2021 was the year of ransomware, with attacks almost doubling in 2020. Cyber insurance providers, reeling from an historic couple of years, are maturing their qualification processes and raising the bar for pay-outs, so businesses can no longer rely on insurance alone as a protection and recovery strategy.
The FBI, CISA, and the Treasury Department warned about Maui ransomware attacks by state-sponsored North Korean hackers targeting US healthcare organizations.
Conti is able to breeze through ransomware attacks in as little as three days thanks to a polished setup that has been years in the making: custom ransomware and tools, a disciplined working schedule and a business-like structure.
Sophos found that 64% of healthcare organizations chose to pay ransom after ransomware attacks in 2021, up from 34% in 2020, but only 2% of payers recovered all encrypted data.
Conti ransomware group has transformed from lone wolves into a globe-spanning pack of well-organized criminals disrupting and casting into disarray government entities, private organizations, and small and medium-sized businesses.
The FBI warned that BlackCat ransomware had compromised 60 organizations worldwide as of March 2022 and demanded millions in ransom payment. Alert linked BlackCat to the now-defunct BlackMatter ransomware group.
FBI's annual internet crime report says cyber crime losses increased by almost two-thirds while ransomware attacks remain the greatest risk to critical infrastructure organizations.
Devaluing data makes the information meaningless to bad actors regardless of how much data and which type of data is exfiltrated. This strategy prevents fraudsters from holding your data hostage during ransomware attacks — even if bad actors bypass your security measures, they can’t sell or expose the information.