Extorted by Ransomware Gangs? The Payments May Be Tax-Deductible
As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don't pay the cybercriminals. But the U.S. government also offers a little-noticed incentive for those who do pay: If you pay a ransom, it may be tax deduct.....»»
Ransomware attacks impact 20% of sensitive data in healthcare orgs
Recent cyber incidents demonstrate the healthcare industry continues to be a prime target for ransomware hackers, according to Rubrik. New research by Rubrik Zero Labs reveals that ransomware attacks produce larger impacts against these healthcare ta.....»»
Global ransomware crisis worsens
Ransomware and extortion incidents surged by 67% in 2023, according to NTT Security Holdings’ 2024 Global Threat Intelligence Report. Global ransomware crisis After a down year in 2022, ransomware and extortion incidents increased in 2023. More.....»»
97% of organizations hit by ransomware turn to law enforcement
Sophos has released additional findings from its annual “State of Ransomware 2024” survey. According to the report, among organizations surveyed, 97% of those hit by ransomware over the past year engaged with law enforcement and/or official gover.....»»
Ransomware mastermind LockBitSupp reveled in his anonymity—now he’s been ID’d
The US places a $10 million bounty for the arrest of Dmitry Yuryevich Khoroshev. Enlarge / Dmitry Yuryevich Khoroshev, aka LockBitSupp (credit: UK National Crime Agency) Since at least 2019, a shadowy figure hiding behin.....»»
LockBit leader unmasked: US charges Russian national
Russian national Dmitry Khoroshev is “LockBitSupp”, the creator, developer and administator of the infamous LockBit ransomware group, according to UK, US and Australia law enforcement agencies. The US Justice Deparment has unsealed charge.....»»
The mastermind of the prolific ransomware group LockBit has finally been unmasked
The US places a $10 million bounty for the arrest of Dmitry Yuryevich Khoroshev. Enlarge / Dmitry Yuryevich Khoroshev, aka LockBitSupp (credit: UK National Crime Agency) Since at least 2019, a shadowy figure hiding behin.....»»
Ransomware operations are becoming less profitable
As the number of real (and fake) victims of ransomware gangs continues to rise, the number of ransomware payments is falling, along with the average ransom payment. The reasons behind this decrease are many: increased cyber resilience of organization.....»»
Ransomware activity is back on track despite law enforcement efforts
Despite significant disruptions for high-profile ransomware gangs LockBit and BlackCat, Q1 2024 became the most active first quarter ever recorded — a 21% increase over Q1 2023, according to Corvus Insurance. In January, Corvus reported that global.....»»
Cybercrime stats you can’t ignore
In this article, you will find excerpts from various reports that offer stats and insights about the current cybercrime landscape. Behavioral patterns of ransomware groups are changing GuidePoint Security | GRIT Q1 2024 Ransomware Report |.....»»
BlackBasta claims Synlab attack, leaks some stolen documents
The BlackBasta ransomware / cyber extortion gang is behind the recent cyber attack that resulted in the temporary shutdown of operations at Synlab Italia. The group claimed the attack on their leak site on Saturday and says they have exfiltrated appr.....»»
Orum No Code Verify helps businesses validate bank accounts
Orum launched No Code Verify, which helps businesses and institutions determine whether a bank account is open and valid before initiating payments — all without integrating an API. Orum’s Verify solution offers 100% coverage of all US-based cons.....»»
Coldplay, Drake, Ariana Grande and other UMG artists return to TikTok
Songs from UMG artists are now again available to TikTok creators, after a dispute over royalty payments and AI policies was resolved. This has seen the return of a lengthy list of artists, including Bad Bunny, Sting, The Weeknd, Alicia Keys, Drak.....»»
Virsec releases security tools to offer ransomware protection
Virsec released TrustSight and TrustGuardian, its newest security tools in the fight against an ever-expanding threat environment – one where EDRs miss up to 30% of attacks, and ransomware detonates in milliseconds, according to various sources.....»»
Health care giant comes clean about recent hack and paid ransom
Ransomware attack on the $371 billion company hamstrung US prescription market. Enlarge (credit: Getty Images) Change Healthcare, the health care services provider that recently experienced a ransomware attack that hamst.....»»
First Apple Card holders to get new titanium card as original is about to expire
Apple Card was launched in 2019 in the US, and although using it with Apple Pay is the best solution, the company provides a physical card made of titanium so that holders can make purchases in stores that don’t accept contactless payments. Interes.....»»
Porsche dealership sales manager took bribes in exchange for high-demand vehicles, lawsuit alleges
The sales manager of a Porsche dealership in South Carolina commanded hundreds of thousands of dollars in "under-the-table" payments from customers hungry for high-demand vehicles......»»
Manager took bribes in exchange for high-demand vehicles, lawsuit alleges
The sales manager of a luxury dealership in South Carolina commanded hundreds of thousands of dollars in "under-the-table" payments from customers hungry for high-demand vehicles......»»
Hackers are using developing countries for ransomware practice
Businesses in Africa, Asia, and South America hit before moving on to Western targets. Enlarge (credit: Getty Images) Cyber attackers are experimenting with their latest ransomware on businesses in Africa, Asia, and Sout.....»»
Hackers are carrying out ransomware experiments in developing countries
Businesses in Africa, Asia, and South America hit before moving on to western targets. Enlarge (credit: Getty Images) Cyber attackers are experimenting with their latest ransomware on businesses in Africa, Asia and South.....»»
Veeam acquires Coveware to boost its ransomware protection capabilities
Veeam Software announced the acquisition of Coveware, a provider in cyber-extortion incident response. It brings ransomware recovery and first responder capabilities to further strengthen Veeam’s radical resilience solutions for customers. Coveware.....»»