The REvil ransomware gang has been a point of special focus for international law enforcement and possibly been dealt a fatal blow as Russian authorities have rounded up 14 members residing in the country.
Molson Coors filed a security incident with the Security and Exchange Commission acknowledging a cyber attack that took its systems offline, suggesting a ransomware attack.
Last year, cyber security breaches wreaked havoc on some of the biggest financial institutions, retailers and governments in the world, causing data and financial loss and even corporate embarrassment for a certain entertainment powerhouse. In 2016, we can likely expect more - more advanced attacks including targeted industry espionage, ransomware, and social engineering.
Canon services suffered an outage caused by Maze ransomware attack affecting internal applications, email servers, Microsoft Teams, and the U.S. website for six days.
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.
In what is shaping up to be a major test case for the entire cyber insurance industry, Zurich Insurance is refusing to pay out a $100 million claim from Mondelez, saying that the ransomware attack was actually an act of “cyber war,” and therefore, is not covered by the policy.
Several cybercrime gangs, including ransomware Maze and DoppelPaymer, have promised to halt their attacks on healthcare organizations during the ongoing coronavirus epidemic.
OFAC's recent advisory stating that those who pay the ransom of a ransomware attack may be subject to fines can be detrimental to all involved in this growing cybersecurity problem.