Ransomware
FunkSec Ransomware created using Artificial Intelligence
Ransomware attacks have dominated headlines for quite some time, with various hacking groups targeting both public and private organizations. Law enforcement agencies have also been actively engaged in covert operations to apprehend those behind these malicious campaigns. However, the latest news brings a familiar story with a fresh twist: a ransomware group called FunkSec has […]
UK to follow America in imposing a ransomware payment ban
The United Kingdom is poised to implement a significant shift in its approach to tackling ransomware attacks, with a formal ban on ransomware payments set to be enforced. This ban will apply specifically to public and critical infrastructure sectors, which include essential services such as education, transportation, hospitals (including the NHS), and financial institutions like […]
Ransomware attack on Amazon and Dutch University
Amazon Storage Buckets Targeted by Codefinger Ransomware Amazon Web Services (AWS), often considered one of the most secure cloud storage platforms, is now facing a significant cyber threat from a ransomware strain called Codefinger. What makes this attack particularly alarming is the ransomware’s unique integration with AWS’s own encryption tools. This tactic effectively renders data […]
State-Funded Actors Are Driving the Ransomware Threat Landscape
For years, ransomware groups have sought innovative ways to maximize profits during their peak operations. However, according to the latest ESET Threat Report, a significant shift has occurred: ransomware deployment is now being spearheaded by state-funded actors and advanced threat groups, many of whom operate under government directives. Their primary objectives are twofold—causing widespread disruption […]
The Evolution of Ransomware: From the 1970s to 2024
Ransomware has evolved significantly since its inception in the 1970s, growing from simple, isolated incidents to a complex, global threat that costs billions of dollars annually. As cybercriminals have become more sophisticated and technology has advanced, ransomware attacks have become increasingly dangerous and hard to defend against. In this article, we’ll trace the evolution of […]
Can Ransom Payments Be Recovered or reimbursed? A Closer Look at Cybercrime and Law Enforcement Efforts
The question of whether victims of ransomware attacks can recover the money they’ve paid to cybercriminals is a complex and challenging issue. Cybersecurity professionals remain hopeful, believing that, with the right tools and efforts, some form of recovery may be possible. However, the reality is far more nuanced, and the road to recovering ransom payments […]
Ransomware attacks on Texas University and Namibia Telecom
Interlock Ransomware Targets Texas Tech University Health Sciences Center A relatively unknown ransomware group, Interlock, has reportedly targeted the Texas Tech University Health Sciences Center, posing a significant threat to the personal data of over 1.46 million patients. The gang claims to have infiltrated the institution’s network in September 2024, exfiltrating more than 2.1 million […]
Clop Ransomware circumvents Cleo file transfer software for data steal
Clop Ransomware gang, which is suspected to have connections with Russian intelligence, has successfully exploited a vulnerability in Cleo File Transfer software, bypassing the company’s servers through a security update release. This breach has exposed critical risks to numerous businesses that rely on Cleo’s products for secure data transfers. According to a statement from Cleo, […]
Cybersecurity News Headlines Trending on Google
Surge in Passkey Security Adoption in 2024 Tech giants such as Google, Amazon, Microsoft, and Facebook are leading the charge in moving away from traditional passwords, embracing passkey security technology. As of 2024, passkey adoption has seen a significant increase. According to a recent survey by the FIDO Alliance, more than 15 billion online accounts […]
Rising Cyber Extortion Threats Targeting Large Companies in 2024
Moody’s, the global financial services and credit ratings company, has recently released a report highlighting a disturbing trend: hacking groups are increasingly targeting large organizations for significant payouts, often exploiting vulnerabilities in the supply chain to maximize their profits. The report suggests that, while there was a slight decline in the number of ransom payments […]
