In this in-depth blog, a long-time cybersecurity specialist who recently joined the staff of Information Security Media Group sizes up evolving ransomware risks and offers a list of 11 critical mitigation steps.
A large Atlanta-area manufacturer of wire and cable says it has brought some systems back online after what appears to be a ransomware infection. Southwire Co., based in Carrollton, Georgia, tweeted on Thursday that "we are doing all we can to minimize and resolve this disruption."
The city of Pensacola, Florida, on Tuesday was still recovering from a Saturday ransomware attack that occurred just one day after a shooting incident at Naval Air Station Pensacola. But the FBI reports that it has not identified a connection between the incidents.
Your best bet to avoiding the potentially exorbitant costs of a vendor hack is to not have one in the first place. A solid vendor risk management program, backed up by technology, policies, and procedures is the best protection. Good review and audit processes can catch any vendor-related problems before they become...
Ransomware attacks have taken an unwelcome turn: The Maze gang reportedly has begun leaking a victim's files to create pressure to pay a ransom. Security experts say they're not surprised by this development, but note that given the different skills required, such tactics may not become widespread.
Doppelpaymer ransomware, despite ongoing rumors, is not being spread via the Teams collaboration platform or BlueKeep remote desktop protocol flaws, Microsoft says. But it warns that the damaging crypto-locking code is being spread via stolen Active Directory administrator credentials.
Pemex, Mexico's state-run oil company, is refusing to pay attackers a $5 million ransom after a ransomware attack against the firm's administrative offices, according to news reports. The company is still attempting to recover.
Nearly four months after Capital One revealed a massive data breach, Michael Johnson, the bank's CISO, is being moved into an outside advisory role, and the company is scouting for a new security leader, according to the Wall Street Journal.
Ransomware continues to be a highly profitable cybercrime. Ransomware incident response firm Coveware reports that for the third quarter of this year, the average ransom amount paid was $41,198, a six-fold increase from the same period last year, driven by strains such as Ryuk and Sodinokibi.
For Russian-speaking hackers, ransomware used to be taboo. But GandCrab killed all such ethical qualms, democratizing ransomware-as-a-service, paving the way for new profit-sharing schemes such as Sodinokibi and driving a new generation of attackers to master advanced hacking skills, a new report finds.
Johannesburg has been hit with a ransomware attack that is crippling municipal services. City Power, an electric utility owned by the city that was hit by a similar attack in July - also was affected by the latest attack.
Ransomware is once again the most common illicit profit-making tool in online attackers' arsenal, police warn. Security firm Emsisoft says the most-seen strains in recent months include STOP, Dharma .cezar, Phobos, GlobeImposter 2.0 and Sodinokibi. Less widely seen Ryuk also continues to generate big profits.
Pitney Bowes says it was infected by file-encrypting malware that has affected online accounts and mailing products but that client data doesn't appear to be at risk. The postage meter maker says "all options" are being considered for recovery, meaning that it could pay a ransom.