Schools in Flagstaff, Arizona, were closed on Thursday after ransomware appeared on the district's network. Friday's classes were called off while the recovery effort continued.
The mayor of New Bedford, Massachusetts, took the unusual step this week of holding a press conference to describe a recent ransomware attack and explain why the city decided not to pay the $5.3 million ransom that was demanded.
More U.S. cities and other governmental units reportedly have been hit by ransomware in an unrelenting wave that has proved profitable for hackers. Here's a roundup of the latest incidents.
A second small city in Florida is paying off cybercriminals to recover from a ransomware attack that crippled the municipality's local network. How much did Lake City agree to pay, and how much of that was covered by insurance?
The city of Riviera Beach, Florida, has agreed to pay hackers about $600,000 in bitcoin to end a ransomware attack that crippled the city's IT infrastructure for nearly a month. In another recent incident, Baltimore refused to pay a ransom after an attack and faces $18 million in recovery costs so far.
Ransomware attacks are surging because attackers have perfected their techniques while enterprises in all sectors have failed to address critical security shortcomings, says Raimund Genes, CTO at Trend Micro.
Communication is key in the wake of a cyber-attack, says Dennis Simmons of SWACHA, who explains how simulated attack drills will help banks overcome their information sharing challenges.
A legal dispute between a small merchant in Utah and its former payments processor has fueled a debate over contracts between merchants and acquirers. If successful, this case could spur contractual shifts that change the way card brands view liability after card breaches.
Global banking institutions can learn from Japan's disaster planning and response. And a sophisticated cyberattack is launched against RSA, targeting the security unit of EMC's SecurID two-factor authentication products.
Global banking institutions can learn from Japan's disaster planning and response. And a sophisticated cyberattack is launched against RSA, targeting the security unit of EMC's SecurID two-factor authentication products.
It was a busy weekend for federal banking regulators, as a deal was hashed out for the government to rescue troubled giant Citigroup with a $20 billion injection into the global bank and guarantees to back more than $300 billion in toxic loans.
Federal banking regulators made the dramatic move late on Sunday,...
Risk management and the insider threat.
These are the two dominant themes emerging from the conversations and presentations at the RSA Conference in San Francisco this week.
From the keynote stage to the expo floor, with stops in between at the program sessions, information security experts, vendors and...
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