Ransomware
How Ransomware Is Evolving into a Geopolitical Weapon
In recent years, ransomware attacks have evolved from mere cyber-criminal activities into sophisticated tools of geopolitical maneuvering. As the digital landscape continues to expand, ransomware has emerged not just as a method of financial extortion but as a potent geopolitical weapon that can influence national security, economic stability, and international relations. The Rise of Ransomware […]
Hacktivists turning to ransomware spread
The landscape of cybercrime has undergone a significant transformation, with hacktivists increasingly abandoning their ideological motivations in favor of lucrative financial gains. A recent report by cybersecurity firm Seqrite reveals that many hacktivist groups are now actively involved in spreading ransomware, a trend driven by the potential for substantial profits. However, not everything seems merry […]
Ransomware news headlines trending on Google
Patelco Credit Union Hit by Ransomware Attack Affecting 726,000 Customers Patelco Credit Union, a U.S. nonprofit financial institution, has disclosed a ransomware attack that compromised its IT systems on June 29 of this year. The attack was carried out by a ransomware group known as Ransom HUB. The breach resulted in the exposure of sensitive […]
Ransomware gangs doxing family members of victims
In recent years, ransomware gangs have employed increasingly aggressive tactics to extract ransom payments from their victims. These strategies have included threats to publish sensitive information, damage reputations, and create turmoil among personal and professional contacts. However, a new, alarming trend has emerged. Cybersecurity researchers at Sophos have uncovered a tactic that not only pressures […]
Ransomware attack leads to death and Cow and Calf
For many, this news might seem trivial as it doesn’t involve direct harm to humans. However, the recent death of a cow and her calf due to a ransomware attack is a serious concern for those involved in livestock farming. This incident serves as a critical warning for farmers who rely on livestock for their […]
Security vulnerability in IT infrastructure of Ransomware gang saves six victimized companies
Recent news has frequently highlighted how vulnerabilities in a company’s IT infrastructure can lead to devastating cyber-attacks. However, an intriguing twist has emerged: a flaw in the infrastructure managed by a ransomware group has led to a dramatic near-miss where six companies were spared from hefty ransomware payments. Vangelis Stykas, CTO of Atropos.ai, which specializes […]
The rise of RaaS; how Copilot can safeguard SMEs from the growing storm of AI-boosted cyberattacks
Whilst generative AI and the rise of Ransomware-as-a-Software poses growing problems for SMEs, AI copilot tools can provide much-needed support, says ALSO Cloud UK. Ransomware as a Software (RaaS) is on the rise, dramatically lowering the entry barriers for cyber actors to launch relentless attacks on businesses. With the evolution of generative AI, and fuel […]
Russian ransomware criminals earn $500 million
In recent reports, our Cybersecurity Insiders have detailed how hackers have been generating revenue through cyberattacks such as ransomware. However, a new report reveals that ransom payments to those deploying file-encrypting malware surged to an eye-watering $500 million in 2023. This figure, compiled by TRM Labs—a blockchain intelligence firm that monitors crypto-crime globally—highlights a significant […]
Can Negotiations Yield Success in Ransomware Attacks
In the escalating world of cybercrime, ransomware attacks have become a pervasive threat, affecting businesses of all sizes and industries. When faced with a ransomware attack, organizations are often confronted with a critical decision: to pay the ransom or not. In many cases, negotiations with the attackers become a key strategy in determining whether to […]
Australia wants companies disclose ransomware payments
The Australian government has long advised ransomware victims against paying ransoms, arguing that doing so does not guarantee receiving a decryption key and only encourages further criminal activity. However, recognizing that ransom payments might be unavoidable in some situations, Canberra is preparing to introduce legislation requiring businesses to disclose any ransom payments made to criminals. […]
