Ransomware

Group-IB, a Singapore-based Cybersecurity provider, has presented a clinical report that says that the financial damage induced by the ransomware attacks on the world economy in the past 6 months is $1 billion. The firm’s survey also concluded that neither private sector nor the public sector companies are immune to the dreaded file encrypting malware […]

Cybersecurity firm CrowdStrike has disclosed that organizations operating in Australian are becoming victims to more ransomware attacks than those functioning in the rest of the world. And the security firm says that this trend is been witnessed because of the strained trade relationship of the country with China, the ongoing battle against Corona Virus, remote […]

Flagship Group, a housing group in England, is reported to have become a victim to ransomware attack on November 1st of this year. But thankfully, no customer or staff data was accessed or stolen by hackers, says the preliminary inquiry conducted by IT teams. A considerable disruption was caused to customers, after which an inquiry […]

Software as a Service(SaaS) providers are reportedly being targeted by ransomware in 2020 says a report compiled by Datto- a Connecticut based data backup company. What’s shocking about the survey is the fact that 64% of attacks were targeted at Microsoft’s 365 solutions out of which 73% proved to be successful. Datto report on SaaS […]

As more companies are shifting their applications and data to cloud platforms, ransomware spreading gangs are said to be focusing on breaking into these treasure troves to make easy money. Cybersecurity firm Trend Micro and Intel 471 have discovered that hackers have now set their eyes on cloud services and technologies to increase their chances […]

Coverware Quarterly Ransomware report says that half of the ransomware attacks lead to data steal and transmission to remote servers. Also, the average pay for ransomware attacks happens to be $234,000 up from $100,000 at the same time last year. Researchers from Coverware state that the increase in ransomware payments is because cyber crooks are […]

Healthcare Technology firm eResearchTechnology (ERT) has taken a stringent decision against its old CEO by replacing him with a new person who has been associated with companies like Rackspace and Earthlink for years. The decision was taken as the old CEO could not stop the company’s digital assets been raided by ransomware, causing the healthcare […]

Tyler Technologies, a Texas based software solutions provider, is reported to have fallen prey to a ransomware attack. However, the company that offers IT solutions to many government agencies in Canada, Australia, Caribbean and local governing agencies in United States says that no data was stolen in the incident and so the impact was minimal. […]

All these days, those distributing Ragnar Locker Ransomware were seen using virtual machines to administer the file encrypting malware into a corporate network. Now the same is being mimicked by Maze Ransomware group to remain concealed and undetected from anti-malware solutions. Maze is a malware group that is seen demanding a 6 figure or higher […]

The law enforcement department of Ukraine arrested a hackers gang maintaining 20 crypto currency exchanges meant to launder money worth $42 million in Bitcoins to cyber criminals across the world. The arrests were made in June 2020 as a part of ‘Bullet Proof Exchanger’ project put forward by Binance where the government has taken an […]