This report helps to quantify the economic cost of cyberattacks by analyzing trends in malicious activities over time. By better understanding the impact associated with cybercrime, organizations can determine the right amount of investment in cybersecurity. Looking back at the costs of cybercrime to date is...
The first six months of 2020 saw an increase in threats to OT and IoT networks, especially IoT botnet, ransomware and COVID-19-themed attacks. These attack types align with global computing and socio-economic trends. The rapid rise in IoT devices and connections, the worldwide COVID-19 pandemic, and the increasing...
Ransomware continues to pummel many types of organizations, recently including South Korea's E-Land retail group, French newspaper Paris-Normandie and a Georgia county school system. A ransomware hit against hosting giant Managed.com has resulted in ongoing site outages for numerous others.
The operators behind the Qbot banking Trojan are now deploying a recently uncovered ransomware variant called Egregor to target organizations across the world, according to researchers at Group-IB.
A U.S. unit of Italian-based eyewear maker and eye care center conglomerate Luxottica has reported a breach affecting over 829,000 individuals - the fourth largest health data breach added to the U.S. federal tally so far this year. It's unclear if a recent ransomware attack is related.
Although the global financial industry has made strides in protecting its data from malware, including Trojans, cyberthreats such as network intrusion, ransomware and criminal gang cooperation are presenting fresh challenges, according to the Carnegie Endowment for International Peace.
This edition of the ISMG Security Report features a discussion with Christopher Krebs, the recently fired director of the Cybersecurity Infrastructure Security Agency, on his accomplishments at the agency. Also featured are updates on ransomware gangs recruiting affiliates and healthcare supply chain risks.
As ransomware attacks on the healthcare sector continue to surge, entities should heed the lessons emerging from these incidents as well as the advice provided in alerts from government agencies, security experts say.
Japanese computer game company Capcom acknowledged this week that a November security incident was a Ragnar Locker ransomware attack that resulted in about 350,000 customer and company records, including sales and shareholder data, potentially being compromised.
A cold storage firm that was reportedly in talks to help in the effort to distribute COVID-19 vaccines filed a Securities and Exchange Commission document on Monday saying that it's dealing with a cybersecurity incident that affected its network.
Over the past five years, ransomware-as-a-service offerings have largely evolved from putting automated toolkits into the hands of subscribers to recruiting affiliates and sharing profits. To maximize revenue, some larger operators are also seeking affiliates with more advanced IT and hacking skills.
The gang behind the Ragnar Locker ransomware posted an ad on Facebook in an attempt to publicly shame a victim so it would pay a ransom. Security experts say the innovative tactic is indicative of things to come.
Hacking incidents - including ransomware attacks - continue to be the most common type of health data breaches added to the federal tally this year. And the ongoing COVID-19 crisis will put healthcare organizations at heightened risk for such incidents in the months to come, some experts predict.
Darkside is the latest ransomware operation to announce an affiliate program in which a ransomware operator maintains crypto-locking malware and a ransom payment infrastructure while crowdsourced and vetted affiliates find and infect targets. When a victim pays, the operator and affiliate share the loot.
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