Ransomware
US State Department offers $10m reward on leads on ALPHV aka Blackcat ransomware
The Department of State, in its ongoing efforts to combat cybercrime, has announced a $10 million reward for information leading to the apprehension of ALPHV, also known as the Blackcat Ransomware Gang. This significant bounty underscores the severity of the threat posed by such criminal organizations. In addition to targeting the leaders of the Blackcat […]
Ransomware payments reached $1 billion in 2023
In the year 2023 alone, hackers behind the rampant spread of ransomware amassed a staggering $1 billion in ransom payments, as disclosed by a comprehensive study conducted by blockchain research firm Chainalysis. This alarming figure, equivalent to the annual budget of several small Asian nations, marks a significant spike compared to previous years, doubling from […]
Australian companies breach no ransomware payment policy
In response to the surge in ransomware attacks over the last couple of years, the Australian government introduced legislation in 2022 prohibiting companies from making ransom payments. Despite this prohibition, a recent survey conducted by Cohesity, a firm specializing in AI-backed data security and management services, revealed that almost 60% of respondents acknowledged opting to […]
Ransomware attack news trending on Google
Schneider Electric, a French-based company specializing in automation and energy management, recently fell victim to a Cactus Ransomware attack, resulting in the unauthorized access and theft of corporate data. The breach targeted Schneider Electric’s Electric Resource Advisor Cloud Platform, leading to the compromise of terabytes of sensitive information. This particular strain of ransomware, known as […]
Ransomware and Cyber Attack related news headlines trending on Google
Microsoft revealed on Friday that its corporate email servers were breached by the hacking group Midnight Blizzard, which is believed to be funded by the Russian-sponsored online crime group Nobelium. The cyberattack, which occurred on January 12th, targeted customer data and information belonging to Seattle-based staff. Evidence suggests that the data theft was likely planned […]
Ransomware attacks witnessed 55% surge in 2023
The conclusion of the year 2023 witnessed an alarming 55% surge in ransomware attacks, as reported by Cyberint, a company specializing in threat intelligence services. In comparison to the preceding year’s 2034 victims, ransomware gangs targeted approximately 4356 victims in 2023. Prominent among these cyber threats were LockBit 3.0, ALPHV (BlackCat), and CLOP, claiming an […]
Top 3 ransomware headlines trending on Google
1.) Xerox Business Solutions (XBS), a division of Xerox Corporation, has fallen victim to a new ransomware variant known as INC Ransom. The tech giant has acknowledged the incident and promises to provide more details once a thorough investigation is complete. XBS, specializing in digital document technology, is currently verifying the authenticity of the documents […]
Ransomware attack leads to identity theft of an Oakland Man
In recent times, we’ve been inundated with countless stories about ransomware attacks and the extortion demands posed by cyber-criminals. However, a new facet of cyber-crime has emerged, taking the form of a twist in the aftermath of a ransomware assault on a government network. A resident of Oakland, Dedrick Warmack, has come forward, alleging that […]
Ransomware news on FBI, BlackCat, and Game plan release
It’s widely known that the Ryhsida Ransomware gang successfully infiltrated the servers of Insomniac, a company specializing in X-Men game development, including the Wolverine series co-developed with Sony Inc. The gang stole crucial data files, totaling 1.67 terabytes, and is now asserting its data breach by gradually releasing the information. Despite not receiving the demanded […]
Ransomware news currently trending on Google
1.) A cloud computing firm named ‘Trellance‘ recently fell victim to hackers spreading ransomware, causing disruptions and outages for approximately 60 credit unions in the United States. The National Credit Union Administration (NCUA), responsible for overseeing technology related to federal credit unions, confirmed the incident. NCUA assured the public that systems would be restored within […]
