A federal judge has ruled that an insurer providing a "business owner's insurance policy" to a company that sustained a ransomware attack and was forced to replace most of its IT infrastructure must pay for the damages the security incident caused.
Bad news on the ransomware front: Victims that choose to pay attackers' ransom demands - in return for the promise of a decryption tool - last quarter paid an average of $84,116, according to Coveware. But gangs wielding Ryuk and Sodinokibi - aka REvil - often demanded much more.
FTCODE, a ransomware strain that has been active since at least 2013, has recently been revamped to include new features, including the ability to steal credentials and passwords from web browsers and email clients, according to two research reports released this week.
Maryland lawmakers are considering a bill that would make possession of ransomware a crime punishable by up to 10 years in prison, similar to moves at least two other states have already made. But is such legislation effective?
As if ransomware wasn't already bad enough, more gangs are now exfiltrating data from victims before leaving systems crypto-locked. Seeking greater leverage against non-paying victims, Maze and Sodinokibi attackers are not just threatening to leak stolen data; they're also following through.
Officials at the Albany International Airport paid a ransom to cybercriminals after the facility's systems were hit with Sodiniokibi ransomware strain, according to local media reports. It's the same crypto-locking malware that has crippled currency exchange firm Telenex since the start of the year.
A ransomware attack has held London-based foreign currency exchange firm Travelex hostage since New Year's Day, the company confirmed Tuesday. It appears that the Sodinokibi group is behind the attack and is asking for millions from the company.
Attackers are hitting unpatched Pulse Secure VPN servers with Sodinokibi - aka REvil - ransomware, British security researcher Kevin Beaumont warns. Pulse Secure says that although many organizations have installed the critical April 2019 patch, holdouts persist.
A lawsuit filed against DCH Health System in the wake of a ransomware attack that disrupted medical services for several days alleges that the Alabama-based organization failed "to properly maintain and safeguard its computer systems and data."
The Maze gang crypto-locked Georgia cable and wire manufacturer Southwire's systems and publicly dumped stolen data to try to force it to pay a ransom. In response, Southwire has sued its attackers and obtained a court order in Ireland that knocks the gang's "name and shame" site offline.
The cybersecurity outlook for 2020 and the new decade will be characterized by more advanced, targeted and coordinated attack vectors designed to exploit the cybersecurity skills shortage, along with congenitally poor security fundamentals and hygiene.
The U.S. Coast Guard issued a security alert this month after a ransomware attack took down the IT network of an unnamed maritime facility. Investigators believe that the incident involved the Ryuk ransomware strain and started with a phishing email.
Warning: Attackers wielding LockerGoga and MegaCortex ransomware have been hitting large corporate networks, sometimes first lingering for months. That's according to a new FBI flash alert, as reported by Bleeping Computer, which essentially tells would-be victims: Please, get your defenses in order now.
Spear phishing emails remain the most popular attack avenue for the bad guys, yet most companies still don't have an effective strategy to stop them. This enormous security gap leaves you open to business email compromise, session hijacking, ransomware and more. Don't get caught in a phishing net! Learn how to avoid...