Ransomware - Security Ticks

Ransomware operations are becoming less profitable

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Ransomware operations are becoming less profitable 2024-05-07 at 14:01 By Zeljka Zorz As the number of real (and fake) victims of ransomware gangs continues to rise, the number of ransomware payments is falling, along with the average ransom payment. The reasons behind this decrease are many: increased cyber resilience of organizations (which includes having recoverable […]

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Ransomware activity is back on track despite law enforcement efforts

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Ransomware activity is back on track despite law enforcement efforts 2024-05-07 at 06:31 By Help Net Security Despite significant disruptions for high-profile ransomware gangs LockBit and BlackCat, Q1 2024 became the most active first quarter ever recorded — a 21% increase over Q1 2023, according to Corvus Insurance. In January, Corvus reported that global ransomware

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BlackBasta claims Synlab attack, leaks some stolen documents

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BlackBasta claims Synlab attack, leaks some stolen documents 2024-05-06 at 14:16 By Zeljka Zorz The BlackBasta ransomware / cyber extortion gang is behind the recent cyber attack that resulted in the temporary shutdown of operations at Synlab Italia. The group claimed the attack on their leak site on Saturday and says they have exfiltrated approximately

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City of Wichita Shuts Down Network Following Ransomware Attack

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City of Wichita Shuts Down Network Following Ransomware Attack 2024-05-06 at 12:01 By Ionut Arghire The City of Wichita, Kansas, has shut down its network after falling victim to a file-encrypting ransomware attack. The post City of Wichita Shuts Down Network Following Ransomware Attack appeared first on SecurityWeek. This article is an excerpt from SecurityWeek

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Ukrainian REvil Ransomware Affiliate Gets 13 Years in US Prison

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Ukrainian REvil Ransomware Affiliate Gets 13 Years in US Prison 2024-05-03 at 11:16 By Ionut Arghire Yaroslav Vasinskyi was sentenced to 13 years and seven months in prison for his alleged role in the REvil ransomware operation. The post Ukrainian REvil Ransomware Affiliate Gets 13 Years in US Prison appeared first on SecurityWeek. This article

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Ransom recovery costs reach $2.73 million

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Ransom recovery costs reach $2.73 million 2024-05-03 at 08:01 By Help Net Security Average ransom payment has increased 500% in the last year, according to Sophos. Organizations that paid the ransom reported an average payment of $2 million, up from $400,000 in 2023. However, ransoms are just one part of the cost. Excluding ransoms, the

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Ransomware Defense Startup Mimic Raises Hefty $27M Seed Round

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Ransomware Defense Startup Mimic Raises Hefty $27M Seed Round 2024-05-02 at 19:46 By Ryan Naraine A new Silicon Valley startup called Mimic is coming out of the shadows with a hefty $27 million seed-stage funding round led by Ballistic Ventures. The post Ransomware Defense Startup Mimic Raises Hefty $27M Seed Round appeared first on SecurityWeek.

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UnitedHealth CEO Says Hackers Lurked in Network for Nine Days Before Ransomware Strike

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UnitedHealth CEO Says Hackers Lurked in Network for Nine Days Before Ransomware Strike 2024-05-01 at 06:01 By Ionut Arghire UnitedHealth Group’s CEO Andrew Witty shares details on the damaging cyberattack in testimony before a US Congress committee set for May 1, 2024. The post UnitedHealth CEO Says Hackers Lurked in Network for Nine Days Before

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56% of cyber insurance claims originate in the email inbox

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56% of cyber insurance claims originate in the email inbox 2024-04-25 at 13:01 By Help Net Security 56% of all 2023 claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), highlighting the importance of email security as a critical aspect of cyber risk management, according to Coalition. The 2024 Cyber

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LOCKBIT Black’s Legacy: Unraveling the DragonForce Ransomware Connection

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LOCKBIT Black’s Legacy: Unraveling the DragonForce Ransomware Connection 2024-04-24 at 14:32 By neetha871ad236bd Key Takeaways Overview DragonForce Ransomware emerged in November 2023. This group employs double extortion to target its victims, involving data exfiltration followed by encryption. If the victim fails to pay the ransom, the Threat Actors (TAs) behind this ransomware group leak the

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Global attacker median dwell time continues to fall

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Global attacker median dwell time continues to fall 2024-04-24 at 14:01 By Help Net Security While the use of zero-day exploits is on the rise, Mandiant’s M-Trends 2024 report reveals a significant improvement in global cybersecurity posture: the global median dwell time – the time attackers remain undetected within a target environment – has reached

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UnitedHealth Says Patient Data Exposed in Change Healthcare Cyberattack

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UnitedHealth Says Patient Data Exposed in Change Healthcare Cyberattack 2024-04-23 at 17:16 By Ionut Arghire UnitedHealth confirms that personal and health information was stolen in a ransomware attack that could cost the company up to $1.6 billion. The post UnitedHealth Says Patient Data Exposed in Change Healthcare Cyberattack appeared first on SecurityWeek. This article is

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Ransomware Gang Leaks Data Allegedly Stolen From Government Contractor

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Ransomware Gang Leaks Data Allegedly Stolen From Government Contractor 2024-04-23 at 14:01 By Ionut Arghire The LockBit ransomware gang leaks data allegedly stolen from government contractor Tyler Technologies. The post Ransomware Gang Leaks Data Allegedly Stolen From Government Contractor appeared first on SecurityWeek. This article is an excerpt from SecurityWeek RSS Feed View Original Source

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Behavioral patterns of ransomware groups are changing

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Behavioral patterns of ransomware groups are changing 2024-04-23 at 06:01 By Help Net Security Q1 saw substantial shifts in activity from some of the most prolific Ransomware-as-a-Service (RaaS) groups, according to GuidePoint Security. RaaS groups attempt to recruit disaffected or displaced affiliates In addition to revealing a nearly 20% year-over-year increase in the number of

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Ransomware in Q1 2024: Frequency, size of payments trending downwards, SMBs beware!

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Ransomware in Q1 2024: Frequency, size of payments trending downwards, SMBs beware! 2024-04-19 at 15:46 By Zeljka Zorz More organizations hit by ransomware gangs are starting to realize that it doesn’t pay to pay up: “In Q1 2024, the proportion of victims that chose to pay touched a new record low of 28%,” ransomware incident

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Frontier Communications Shuts Down Systems Following Cyberattack

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Frontier Communications Shuts Down Systems Following Cyberattack 2024-04-19 at 15:16 By Ionut Arghire Telecom giant Frontier shuts down systems to contain a cyberattack that led to personal information compromise. The post Frontier Communications Shuts Down Systems Following Cyberattack appeared first on SecurityWeek. This article is an excerpt from SecurityWeek RSS Feed View Original Source React

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Akira Ransomware Made Over $42 Million in One Year: Agencies

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Akira Ransomware Made Over $42 Million in One Year: Agencies 2024-04-19 at 15:16 By Ionut Arghire Akira ransomware has hit over 250 organizations worldwide and received over $42 million in ransom payments. The post Akira Ransomware Made Over $42 Million in One Year: Agencies appeared first on SecurityWeek. This article is an excerpt from SecurityWeek

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Bitcoin ransomware Akira drains $42M from more than 250 companies: FBI

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Bitcoin ransomware Akira drains $42M from more than 250 companies: FBI 2024-04-19 at 11:02 By Cointelegraph by Arijit Sarkar The U.S. Federal Bureau of Investigation (FBI) found that Akira ransomware has been targeting businesses and critical infrastructure entities in North America, Europe and Australia since March 2023. This article is an excerpt from Cointelegraph.com News

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United Nations Agency Investigating Ransomware Attack Involving Data Theft

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United Nations Agency Investigating Ransomware Attack Involving Data Theft 2024-04-18 at 17:46 By Eduard Kovacs United Nations Development Programme (UNDP) investigating a ransomware attack in which hackers stole sensitive data. The post United Nations Agency Investigating Ransomware Attack Involving Data Theft appeared first on SecurityWeek. This article is an excerpt from SecurityWeek RSS Feed View

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180k Impacted by Data Breach at Michigan Healthcare Organization

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180k Impacted by Data Breach at Michigan Healthcare Organization 2024-04-18 at 14:46 By Ionut Arghire Cherry Health says the personal information of over 180,000 individuals was stolen in a ransomware attack. The post 180k Impacted by Data Breach at Michigan Healthcare Organization appeared first on SecurityWeek. This article is an excerpt from SecurityWeek RSS Feed

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