Ransomware groups have shifted from the automated, ‘spray and pray’ tactics of yesterday to highly targeted, human-operated ransomware attacks, carefully crafted to find and encrypt your data and cause maximum critical service disruption.
After seeing substantial portions of the energy and meat production supply chain kept from the market for days due to ransomware attacks, the US government is calling on private organizations to shore up their cybersecurity.
Mandiant analyzed data published from ransomware attacks and discovered that they exposed sensitive OT information that could be used to analyze targets to craft sophisticated attacks.
As major ransomware attacks continue to be an almost-weekly news item, companies up for policy renewal are getting an unpleasant surprise. Reinsurance broker Wills Re reports that cyber reinsurance rates are up by as much as 40% across the industry.
Group-IB provides a deep analysis of 2020's ransomware trends, finding that ransomware attacks have now become the most lucrative area of cyber crime.
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.
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.
As ransomware attacks surge and hackers become increasingly bold, the Biden administration is forging ahead with a package of new measures that includes up to $10 million for information that leads to the identification of attackers that hit critical infrastructure.
Report found that most organizations that suffered successful ransomware attacks since 2019 had perimeter defenses in place and had trained their employees on phishing.
Suspects affiliated with a ransomware-as-a-service (RaaS) platform used in LockerGoga, MegaCortex, and Dharma ransomware attacks were detained in Ukraine and Switzerland.