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New coercive tactics used to extort ransomware payments

The increase in reported ransomware victims across Q1 2023 reflects the continued prevalence of ransomware as a worldwide, industry agnostic threat, according to GuidePoint Security. The report is based on data obtained from publicly available resour.....»»

Category: securitySource:  netsecurityApr 26th, 2023

After years of losing, it’s finally feds’ turn to troll ransomware group

Authorities who took down the ransomware group brag about their epic hack. Enlarge (credit: Getty Images) After years of being outmaneuvered by snarky ransomware criminals who tease and brag about each new victim they cl.....»»

Category: topSource:  arstechnicaRelated NewsFeb 21st, 2024

LockBit ransomware group taken down in multinational operation

Thousands of domains and servers seized from group responsible for thousands of attacks. Enlarge (credit: Rob Engelaar | Getty Images) Law enforcement agencies including the FBI and the UK’s National Crime Agency have.....»»

Category: topSource:  arstechnicaRelated NewsFeb 20th, 2024

Cyberint Ransomania empowers organizations to proactively defend against ransomware attacks

Cyberint is unveiling its latest contribution to the infosec community: Ransomania. This free-to-use web application gives users access to a complete repository of ransomware data gathered by the Cyberint Research Team, empowering organizations to co.....»»

Category: securitySource:  netsecurityRelated NewsFeb 16th, 2024

Decryptor for Rhysida ransomware is available!

Files encrypted by Rhysida ransomware can be successfully decrypted, due to a implementation vulnerability discovered by Korean researchers and leveraged to create a decryptor. Rhysida and its ransomware Rhysida is a relatively new ransomware-as-a-se.....»»

Category: securitySource:  netsecurityRelated NewsFeb 12th, 2024

Ransomware tactics evolve, become scrappier

As we enter 2024, ransomware remains the most significant cyberthreat facing businesses, according to Malwarebytes. Malwarebytes reveals that the United States accounted for almost half of all ransomware attacks in 2023. “Small and medium-sized org.....»»

Category: securitySource:  netsecurityRelated NewsFeb 12th, 2024

Security Bite: Ransomware payments hit record $1.1 billion in 2023 despite previous year’s decline

It was a landmark year for ransomware in 2023 and a well-publicized one following the MOVEit and MGM Resorts beaches that shook the security industry. Not only did threat actors collectively pocket a record-breaking $1.1 billion from victims, but a n.....»»

Category: topSource:  informationweekRelated NewsFeb 12th, 2024

Hyundai Europe confirms it was hit by a major ransomware attack

January 2024 IT outage turns out to be a ransomware attack, after all, as Hyundai confirms losing data to Black Basta......»»

Category: topSource:  informationweekRelated NewsFeb 9th, 2024

Demystifying SOC-as-a-Service (SOCaaS)

Threat actors aren’t looking for companies of specific sizes or industries, they are looking for opportunities. Given that many companies operate in the dark and overlook breaches until ransomware attacks occur, this makes the threat actors’ job.....»»

Category: securitySource:  netsecurityRelated NewsFeb 7th, 2024

Do digital technologies offer a better way to loan people money?

A new paper in the Quarterly Journal of Economics finds that a new form of digital technology—essentially preventing people from using an asset for which they have a loan if they don't make payments, rather than repossessing the asset itself—may.....»»

Category: topSource:  physorgRelated NewsFeb 6th, 2024

Report: Mac security threats on the rise, here’s what to watch out for

Malwarebytes has released its latest report digging into the state of malware to start 2024. The findings include which countries see the most ransomware attacks, the evolution of malware over the last year, how Mac threats are growing, which Mac th.....»»

Category: topSource:  informationweekRelated NewsFeb 6th, 2024

How to get started using Optic ID for Apple Vision Pro

The Apple Vision Pro uses Optic ID as biometric authentication for payments and certain visionOS actions. Here's how it works, and how to use it.An Apple graphic representing Optic IDApple's biometric security processes has evolved over the years, st.....»»

Category: appleSource:  appleinsiderRelated NewsFeb 4th, 2024

Secureworks Threat Score reduces alert noise and time to respond

Secureworks launched AI-powered Threat Score to silence alert noise and reduce security analyst workload by over 50%. With ransomware dwell times falling, security analysts are under more pressure than ever to make the right decisions about which ale.....»»

Category: securitySource:  netsecurityRelated NewsFeb 1st, 2024

Zuckerberg says sorry for Meta harming kids—but rejects payments to families

CEOs of Meta, TikTok, Snap, Discord, and X testified at hearing on child safety. Enlarge / Mark Zuckerberg discussed Meta's approaches to child safety at the Senate Judiciary Committee hearing January 31, 2024. During a.....»»

Category: topSource:  arstechnicaRelated NewsJan 31st, 2024

Ransomware payments are falling fast as victims refuse to pay

Even those that are paying, are parting with smaller sums as hackers turn to SMBs for ransomware scams......»»

Category: topSource:  pcmagRelated NewsJan 30th, 2024

What makes ransomware victims less likely to pay up?

There’s a good reason why ransomware gangs started exfiltrating victims’ data instead of just encrypting it: those organizations pay more. University of Twente researcher Tom Meurs and his colleagues wanted to know which factors influence.....»»

Category: securitySource:  netsecurityRelated NewsJan 27th, 2024

AI will increase the number and impact of cyberattacks, intel officers say

Ransomware is likely to be the biggest beneficiary in the next 2 years, UK's GCHQ says. Enlarge (credit: Getty Images) Threats from malicious cyberactivity are likely to increase as nation-states, financially motivated c.....»»

Category: topSource:  arstechnicaRelated NewsJan 25th, 2024

The New RTP Payment Method Is Here

Imagine sending a payment, and it arrives as quickly as a text message. Welcome to the world of real-time payments – a game-changer in financial transactions. This innovative method is changing how we think about money transfers, offering speed.....»»

Category: topSource:  tapscapeRelated NewsJan 25th, 2024

Ransomware gang claims it stole data from Subway. Yes, the sandwich chain.

Subway is the latest alleged victim of Lockbit, a notorious ransomware group. Subway, the sandwich fast food franchise, may be the latest victim of Lockbit, one of the world's most notorious ransomware groups.According to The Register and Cyber.....»»

Category: topSource:  mashableRelated NewsJan 25th, 2024

Trello data breach of 15M accounts; Loan Depot 16M customers

A reported Trello data breach has seen the personal details of more than 15 million users put up for sale on the dark web. A separate Loan Depot ransomware attack resulted in more than 16 million customer accounts compromised, taking a number of t.....»»

Category: topSource:  pcmagRelated NewsJan 23rd, 2024

2024 brings new risks, with cyber incidents in the spotlight

Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024, according to Allianz. The closely interlinked peril of business interruption ranks second. Natural catastrophes (up fr.....»»

Category: securitySource:  netsecurityRelated NewsJan 23rd, 2024