Ransomware continues to sting numerous organizations, and the problem only seems to be getting worse. More than ever, the onus is on potential victims to ensure they have essential defenses in place - and if possible, to proactively hunt for attackers who may already be inside their network.
SonicWall was recently attacked via a zero-day flaw in one of its own products. Curiously, SonicWall hasn't said much about the extent and damage of the breach since its announcement. But there are strong indications it may have been targeted by an extortion attempt.
The "Cuba" ransomware gang has hit Seattle-based Automatic Funds Transfer Services, which processes data from California's Department of Motor Vehicles as well as many cities in Washington. Victim organizations say AFTS is investigating the incident and that an unknown amount of individuals' data was exposed.
The latest edition of the ISMG Security Report features an analysis of the persistent threat of ransomware. Also featured: Sorting out breaches tied to Accellion’s File Transfer Appliance; an update on fraud trends in 2021.
Maze was one of the most notorious and successful ransomware operations of recent years until its apparent "retirement" and handover to Egregor in November 2020. Some rivals have suggested both groups have ties to the Russian government. But is that just sour grapes, or even simply an attempted scam?
Small businesses have been disproportionately affected by hackers in recent months. To aid in countering the threat, Mastercard has launched a cybersecurity education effort targeting this market segment. Paul Trueman, a senior vice president Mastercard, explains the “Trust Center” initiative.
Ransomware operations continue to come and go. The notorious Maze ransomware gang retired last year, apparently replaced by Egregor, while new operators, such as Pay2Key, RansomEXX and Everest, have emerged. But in recent months, experts say, just six operations have accounted for 84% of attacks.
To take down bigger targets more easily and quickly, ransomware gangs are increasingly tapping initial access brokers, who sell ready access to high-value networks. Economically speaking, it's a no-brainer move for cybercrime gangs.
The operators of the Nefilim ransomware used the credentials of a deceased system administrator to plant their crypto-locking malware in about 100 vulnerable systems during one attack, according to Sophos. These types of "ghost" accounts are an increasing issue for security teams.
With ransomware continuing to fuel a massive surge in illicit profits, some experts have been calling on governments to launch offensive hacking teams to target cybercrime cartels. They're also calling for a review of cyber insurance payouts being used to fund ransoms.
The Austrian construction equipment manufacturing firm Palfinger AG reports being hit with a cyberattack that has knocked the majority of its worldwide IT infrastructure offline, eliminating its ability to use email and conduct business.
Good news on the cybercrime front: "Cryptocurrency-related crime fell significantly in 2020," compared to 2019, reports blockchain analysis firm Chainalysis. Unfortunately, in the same timeframe, ransomware profits surged 311%, stoking calls for a crackdown on ransom payments.
Threat actors behind a distributed denial-of-service campaign targeted the same set of victims again after the organizations refused to pay the initial ransom demand, a new report by security firm Radware finds.
The FBI has issued a warning about the growing threat from the operators behind the Egregor ransomware variant and other cybercriminal gangs affiliated with the group. Since September, the crypto-locking malware has been associated with nearly 100 attacks worldwide.
The major appliances giant Whirlpool acknowledges it was hit with a ransomware attack in November, with the cyber gang Nefilim taking responsibility for the cyber incident and claiming to have stolen company data.