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...
Virtual Care Provider Inc., which provides cloud hosting and other services to more than 110 healthcare entities, including nursing homes and assisted living facilities, is struggling to bounce back from a ransomware attack in which hackers demanded a $14 million ransom.
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.
Dopplepaymer 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.
After a ransomware attack on Monday forced Louisiana's government to take several servers and websites offline to prevent the malware from spreading, state officials spent Tuesday restoring online services.
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.
A ransomware attack on the operator of non-profit clinics that serve the uninsured in St. Louis led to the breach of information on 152,000 patients, clinicians and employees. The organization says it did not pay a ransom, and IT experts have not been able to unlock the data encrypted by hackers.
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.