Ransomware
The Public Sector’s Troubled Relationship to Ransomware in 2023: A Year in Review
By Ram Movva, CEO at Securin This past year showed us that the ransomware landscape is only getting increasingly sophisticated. This can be seen through ransomware attacks steadily increasing scale, frequency, cost and impact. In fact, 2023 broke the record in ransomware payouts, exceeding $1 billion globally; a stark increase from the $567 million in ransomware payouts […]
Eurojust conducts operation to shut malware and ransomware spreading botnets
Eurojust, the European Union Agency for Criminal Justice, recently initiated a decisive strike against a notorious botnet network responsible for disseminating malware and ransomware across the digital realm. Dubbed “Endgame,” this operation was meticulously coordinated with law enforcement agencies worldwide, resulting in the apprehension of four key suspects. The crackdown led to the seizure of […]
5 steps to stop Ransomware as a Service in its tracks
The UK government’s annual Cyber Security Breaches Survey has revealed that 50% of businesses have faced a cyberattack or breach in the past 12 months. It’s a dangerous world out there, and one small slipup can be extremely costly. Organisations are doing their best to reinforce their digital walls, but it’s a constant arms race; […]
Ransomware hackers calling parents from their Children mobile phone numbers
A concerning trend has emerged, revealing the extent to which criminals perpetrating ransomware attacks are willing to go to extract money from their victims. Charles Carmakal, CEO of Mandiant, now under Google’s ownership, highlighted one such alarming scenario during the Google Security Threat Intelligence Panel at the RSA Conference in San Francisco. According to Carmakal, […]
Dealing with Stolen Data in Ransomware Attacks: A Comprehensive Guide
In today’s digital age, ransomware attacks have become increasingly prevalent, posing significant threats to individuals and organizations alike. These malicious attacks encrypt valuable data, rendering it inaccessible until a ransom is paid to the perpetrators. However, the danger doesn’t end there. In many cases, cyber-criminals also steal sensitive information before encrypting it, threatening to expose […]
Possible Cyber Attack on 911 of 4 American States
The 911 emergency services experienced a significant outage in four states—Nebraska, South Dakota, Texas, and Nevada—sending shockwaves through the affected communities. Speculation points to a cyber attack orchestrated by Chinese intelligence, targeting all 50 states. However, only nine states were impacted, with four officially confirming the disruption. Iowa, Wisconsin, Kentucky, Minnesota, and Florida are still […]
Nexperia Ransomware attack and some details about American hackers spreading ransomware
Nexperia, a leading manufacturer of silicon-based processors, recently fell victim to a ransomware attack, potentially exposing sensitive information to cybercriminals. The Netherlands-based company, which receives official funding from China, experienced a file-encrypting malware assault on April 12, 2024, impacting its production servers. The attack, attributed to a newly emerged ransomware group called Dunghill Group( DARK […]
Cyber Attacks: The Need For an IT and Board-Level Understanding of the Risks
[By James Allman-Talbot, Head of Incident Response and Threat Intelligence at Quorum Cyber] According to IBM, the global average cost of a data breach in 2023 was 4.45 million, which was a 15% increase over three years. Microsoft notes that “the U.S. was the target of 46 percent of cyberattacks in 2020, more than […]
Ransomware criminals target backups for assured ransom
In recent times, the importance of maintaining efficient data backups as a defense against ransomware attacks has been repeatedly emphasized by security experts and law enforcement agencies. However, what happens when even these backups fall victim to encryption or deletion? According to a report by Sophos, a prominent cybersecurity firm, a staggering 94% of organizations […]
Ransomware attack on Big Issue and University of Winnipeg
The Qilin Ransomware group is under scrutiny for breaching the servers of the UK-based newspaper ‘The Big Issue Group.’ Reports indicate that the perpetrators successfully accessed confidential data from the victim and are now holding the entire database hostage, encrypting it until a ransom is paid. The Big Issue, a newspaper primarily serving the homeless […]
