Are insurers getting cold feet over covering losses to ransomware? With claims due to ransomware skyrocketing, some insurers have reportedly been revising offerings to make it tougher for companies to claim for some types of cybercrime, including extortion.
Ransomware innovation seems to know no bounds, as crime gangs seek new ways to make crypto-locking malware ever more profitable. Beyond data-leak sites and affiliate programs, gangs have also been using call centers to cold-call victims, tell them they've been hit by ransomware and request payment.
Dutch HR firm Randstad and the public transportation agency of Vancouver, Canada, are continuing to recover from ransomware attacks. Both incidents appear to have involved Egregor ransomware, with Randstad reporting that data was exfiltrated and is now being leaked by attackers to try and force payment.
The gang behind the Conti ransomware variant has posted data to its darknet website that it says it stole during a ransomware attack on industrial IoT chipmaker Advantech last month. The company reportedly confirmed the attack on Monday.
Canon USA has finally acknowledged that a ransomware attack earlier this year involved the theft of corporate data, including such employee information as Social Security numbers and financial account numbers.
The latest edition of the ISMG Security Report features an analysis of how cybercriminals are ditching banking Trojans in favor of ransomware attacks. Also featured: Defending against deep fakes; supporting a dispersed workforce.
Officials with the Baltimore County Public Schools are investigating a ransomware attack that disrupted virtual learning for students this week. Now, the district has been forced to call-off its virtual classes until next Monday.
French IT services firm Sopra Steria, which was hit with Ryuk ransomware in October, now estimates that the attack could cost the company up to $60 million in recovery costs. Experts say that after going quiet in March, Ryuk reappeared in September, and has targeted numerous hospitals.
Driven by the profits to be achieved via ransomware, most botnet operators have dropped banking Trojans in favor of supporting and running crypto-locking malware attacks, according to security experts who spoke Wednesday at cybersecurity firm Group-IB's CyberCrimeCon 2020 virtual conference.
The FBI has sent out a private industry alert warning about an increase in attacks using Ragnar Locker ransomware. The operators behind this crypto-locking malware have recently targeted companies that include EDP, Campari and Capcom, researchers note.
Like you, cybercriminals are on their own digital transformation journey. Trends like remote work, Internet of Things (IoT), bring-your-own-device (BYOD) and cloud initiatives have given hackers new ways to infiltrate your organization by exponentially expanding the attack surface. Technologies like artificial...