About 50% to 70% of all ransomware attacks in the U.S. are targeting small and medium-sized businesses, costing the victims an estimated total of $350 million in the last year, Secretary of Homeland Security Alejandro Mayorkas said Wednesday in a speech to the U.S. Chamber of Commerce.
SmileDirectClub, which sells teeth-straightening appliances, expects that a recent cyberattack, which disrupted the manufacturing of its products, will take a $10 million to $15 million bite out of its second-quarter revenue.
In light of the surge in ransomware attacks against universities, institutions need to make asset management a much higher priority, removing obsolete systems and upgrading essential systems to the latest version to avoid exploits of unpatched vulnerabilities, says Matthew Trump of the University of London.
San Diego-based Scripps Health, which operates four area hospitals, has been forced to postpone some patient care - and reportedly divert some patients seeking emergency treatment - as a result of what local news outlets say is a ransomware attack.
The latest edition of the ISMG Security Report features an analysis of British spy chief Jeremy Fleming’s "cybersecurity call to arms." Also featured: Insights on COVID-19 business continuity planning; the wisdom of the late Dan Kaminsky.
A coalition of government agencies and security firms has released a framework for how to disrupt ransomware attacks that calls for expanded regulation of the global cryptocurrency market to better track the virtual coins paid to cybercriminals during extortion schemes.
The Babuk ransomware gang is taking credit for an attack against the Metropolitan Police Department of Washington, D.C., and threatening to post exfiltrated data if a ransom is not paid. The department confirms that attackers accessed its network, but it's offering no further details.
COVID-19 infections and death rates are down in the United States, and the percentage of vaccinated citizens is rising. Does this mean the end of the pandemic is finally in sight? Not quite, says continuity planning expert Regina Phelps, who explains why.
An "update" pushed out earlier this year by law enforcement agencies, including Europol, on Sunday began erasing Emotet malware from infected devices worldwide, Malwarebytes reports. The move comes after the FBI recently remotely removed web shells from vulnerable on-premises Microsoft Exchange servers.
The Justice Department is creating a task force to tackle the growing threat of ransomware and related extortion schemes. The new group will target the "ransomware criminal ecosystem as a whole," which means prosecuting those behind the attacks as well as those who launder money that's extorted.
In the latest development in a series of ransomware attacks against schools this year, the Conti gang followed through on an earlier threat and posted on its darknet website about 26,000 files that it says it stole from Florida's Broward County Public Schools district in March.
The SolarWinds attack has cybersecurity leaders everywhere taking a hard look at third-party risk. But it’s one thing to have a fresh strategy and quite another to actually start holding vendors accountable for their own security.
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The gang behind ransomware dubbed "Cring," which has waged a series of attacks this year, is exploiting a Fortinet VPN server vulnerability that the company patched in 2019, according to a report from the security firm Kaspersky that analyzes one attack in Europe.
How much does it cost to recover from a ransomware attack? For the Scottish Environment Protection Agency, which was hit by the Conti ransomware-wielding gang on Christmas Eve, reported cleanup costs have reached $1.1 million. SEPA is still restoring systems and has refused to pay any ransom.