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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.....»»

Category: topSource:  slashdotJun 21st, 2021

A new ransomware is hijacking Windows BitLocker to encrypt and steal files

New ransomware strain is creating new boot volumes and using labels to communicate with victims......»»

Category: topSource:  informationweekRelated NewsMay 27th, 2024

Ransomware operators shift tactics as law enforcement disruptions increase

Ransomware remains one of the most pressing cybersecurity threats in 2024, with attackers continually evolving their methods to maximize impact and evade detection. In this Help Net Security round-up, we present excerpts from previously recorded vide.....»»

Category: securitySource:  netsecurityRelated NewsMay 27th, 2024

‘Foul language’: Plymouth residents, business owners say they’re fed up with young bike gangs

‘Foul language’: Plymouth residents, business owners say they’re fed up with young bike gangs.....»»

Category: topSource:  informationweekRelated NewsMay 26th, 2024

Newly discovered ransomware uses BitLocker to encrypt victim data

ShrinkLocker is the latest ransomware to use Windows' full-disk encryption. A previously unknown piece of ransomware, dubbed ShrinkLocker, encrypts victim data using the BitLocker feature built into the Windows operating system. BitL.....»»

Category: topSource:  arstechnicaRelated NewsMay 25th, 2024

Tap to Pay on iPhone now available in Canada, enabling merchants to accept payments using nothing more than an iPhone

Tap to Pay on iPhone is continuing its rollout to more countries. Less than a week after the service debuted in Japan, Apple is bringing seamless, iPhone-centric contactless payments to Canada. more….....»»

Category: gadgetSource:  9to5macRelated NewsMay 23rd, 2024

2024 sees continued increase in ransomware activity

In this Help Net Security video, Ryan Bell, Threat Intelligence Manager at Corvus Insurance, discusses how ransomware will continue to grow in 2024. In January, Corvus reported that global ransomware attacks in 2023 set a record high, surpassing 2022.....»»

Category: securitySource:  netsecurityRelated NewsMay 23rd, 2024

Ransomware fallout: 94% experience downtime, 40% face work stoppage

Within the last 12 months, 48% of organizations identified evidence of a successful breach within their environment, according to Arctic Wolf. To fully understand the gravity of this statistic, it is important to understand that, although 48% of thes.....»»

Category: securitySource:  netsecurityRelated NewsMay 23rd, 2024

HHS pledges $50M for autonomous vulnerability management solution for hospitals

As organizations in the healthcare sector continue to be a prime target for ransomware gangs and CISA warns about a vulnerability (CVE-2023-43208) in a healthcare-specific platform being leveraged by attackers, the Advanced Research Projects Agency f.....»»

Category: securitySource:  netsecurityRelated NewsMay 23rd, 2024

Canadian firms finally get Tap to Pay on iPhone

Apple has rolled out its Tap to Pay on iPhone to Canada, meaning that businesses there can now take payments from customers on iPhone.Tap to Pay on iPhone comes to Canada (Source: Apple)Two years after Apple first launched it in the US, Tap to Pay on.....»»

Category: appleSource:  appleinsiderRelated NewsMay 23rd, 2024

US government spending $50m on auto-patcher for hospital IT

There is a lot at stake for the UPGRADE program as hackers continue to batter healthcare organizations with malware and ransomware......»»

Category: topSource:  pcmagRelated NewsMay 23rd, 2024

Week in review: New Black Basta’s social engineering campaign, passing the CISSP exam in 6 weeks

Here’s an overview of some of last week’s most interesting news, articles, interviews and videos: Black Basta target orgs with new social engineering campaign Black Basta, one of the most prolific ransomware-as-a-service operators, is trying out.....»»

Category: securitySource:  netsecurityRelated NewsMay 20th, 2024

Cybercriminals shift tactics to pressure more victims into paying ransoms

Ransomware didn’t just grow in the US in 2023, it evolved, with the frequency of ransomware claims jumping 64% year-over-year, according to At-Bay. This was primarily driven by an explosion in “indirect” ransomware incidents which increased.....»»

Category: securitySource:  netsecurityRelated NewsMay 20th, 2024

Merchants in Japan can finally use Tap to Pay for iPhone

Apple Tap to Pay has rolled out in another country, with Japanese users now able to take card payments directly from their iPhone.Tap to Pay is now available to merchants in JapanTap to Pay is Apple's system to allow iPhone users to take contactless.....»»

Category: topSource:  informationweekRelated NewsMay 17th, 2024

GM, LG reach $150M settlement over Chevrolet Bolt EV battery fires, recall

GM and LG have reached $150M settlement over Chevrolet Bolt EV battery fires. The deal would give owners of recalled Bolts payments of $700 or $1,400, depending on whether they have had their EV battery replaced......»»

Category: topSource:  pcmagRelated NewsMay 16th, 2024

Ransomware statistics that reveal alarming rate of cyber extortion

In this article, you will find excerpts from various reports that offer statistics and insights about the current ransomware landscape. Global ransomware crisis worsens NTT Security Holdings | 2024 Global Threat Intelligence Report | May 20.....»»

Category: securitySource:  netsecurityRelated NewsMay 15th, 2024

AT&T paid bribes to get two major pieces of legislation passed, US gov’t says

Payments helped AT&T obtain key legislative wins in Illinois, prosecutors say. Enlarge (credit: Getty Images | AaronP/Bauer-Griffin) The US government has provided more detail on how a former AT&T executive allegedly bri.....»»

Category: topSource:  arstechnicaRelated NewsMay 14th, 2024

Black Basta ransomware group is imperiling critical infrastructure, groups warn

Threat group has targeted 500 organizations. One is currently struggling to cope. Enlarge (credit: Getty Images) Federal agencies, health care associations, and security researchers are warning that a ransomware group tr.....»»

Category: topSource:  arstechnicaRelated NewsMay 13th, 2024

Black Basta target orgs with new social engineering campaign

Black Basta, one of the most prolific ransomware-as-a-service operators, is trying out a combination of email DDoS and vishing to get employees to download remote access tools. Black Basta TTPs and newest initial access attempts According to a cybers.....»»

Category: securitySource:  netsecurityRelated NewsMay 13th, 2024

Large US developers are avoiding third-party App Store alternate payment plans

No major US app developers have chosen to opt in to new App Store rules allowing outside links for payments, because there is effectively no savings, Apple told a judge during testimony on Friday.Epic's battle with Apple continuesApple had revised it.....»»

Category: appleSource:  appleinsiderRelated NewsMay 12th, 2024

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.....»»

Category: securitySource:  netsecurityRelated NewsMay 9th, 2024