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.
Declining a ransom payment demand can leave the business at a standstill. Companies achieve better outcomes when they have a strategy and pre-defined path to act instantly and decisively to restore systems, resume operations, and defend against additional actions.
A new report from cybersecurity firm Sophos indicates that ransomware recovery costs have shot up in the past year, with the average case approaching $2 million in total expenses.
Surveyed organizations reporting a 61% drop in ransomware attacks but the average cost of ransomware attacks remains high, even as study shows increasing complacency among organizations in keeping vital safety measures in place.
CISA issues urgent alert as threat actors actively exploit ProxyShell vulnerabilities on unpatched Microsoft Exchange servers to execute LockFile ransomware attacks.
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.
FBI warned of increased Conti ransomware attacks against the healthcare system and first responder networks At least 16 organizations were targeted.
Report found that most organizations that suffered successful ransomware attacks since 2019 had perimeter defenses in place and had trained their employees on phishing.
In response to tightening security, it appears that ransomware hackers are adopting new methods. One gang, Lockbit 2.0, is now offering millions of dollars to employees who are willing to help them gain access to a network.
Ransomware operators have long targeted systems and data availability of their victims, and have been evolving their attack patterns to include the privacy and confidentiality of victim data as well. Attackers are increasingly pushing for double and sometimes triple extortion of their victims.