Cyber extortion through digital means is nothing new, says U.K.-based cybersecurity expert John Walker, but the concerning aspect of today's ransomware attacks is that they are "low-cost in the macro sense and so easy to achieve."
Some of the highest-ranking cybersecurity officials in the U.S. government discussed the pervasive threat of ransomware on Tuesday, likening it to a clear issue of national security with the ability to inflict measurable damage on major world powers.
Hypervisors under fire: BlackMatter, HelloKitty and REvil are among the ransomware groups targeting instances of VMware's ESXi. In one case investigated by security firm Sophos, after first accessing a TeamViewer account, attackers left an organization's ESXi environment crypto-locked just three hours later.
The Data Security Council of India has issued an advisory about newly discovered ransomware Alkhal, which uses a strong encryption tool and has no known decryptor to recover lost data. The ransomware was likely discovered on Oct. 1 by security firms Malwarebytes and Cyclonis.
Two Indiana hospitals say their IT systems are disabled as they recover from cyberattacks suffered last week. Both hospitals in recent weeks have had to divert patients or postpone elective procedures as COVID-19 cases surged in the state. So what's the impact of the attacks on patient care?
Police in Ukraine have arrested two members of a ransomware operation they say has targeted businesses in North American and Europe, leading to victim losses totaling at least $150 million. The operation also involved French cyber police, the FBI and Interpol, backed by Europol's European Cybercrime Center.
Though ransomware is not a new type of malware, it is becoming ever more pervasive and ransom demands are only getting higher.
What is the key to ransomware’s success?
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Though ransomware is not a new type of malware, it is becoming ever more pervasive throughout the financial services industry, specifically among credit unions including the recent Envision Credit Union attack. Ransom payment demands are only getting steeper and threat to organizations' most sensitive critical data...
It's boom times for high-growth enterprises. But the same can be said for cybercriminal adversaries looking for cracks in your cybersecurity armor. How can you leverage your security controls and data to build an effective and mature 24/7 threat detection and response capability, that also helps ensure...
As Cybersecurity Awareness Month kicks off this week, U.S. President Joe Biden has weighed in on his administration's efforts to curb cyberattacks and bolster the federal government's security posture.
The death of a baby born with complications during a 2019 ransomware attack on an Alabama hospital – one that left clinicians unable to access electronic health records and patient monitoring systems - is intensifying the spotlight on the potentially fatal consequences of such cyber incidents.
Four federal agencies have been awarded $311 million to bolster the U.S. government's cyber defenses and address IT modernization challenges, according to the interagency board of the Technology Modernization Fund, a federal funding source, which made the announcement Thursday.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including why enterprises need a multilayered approach to securing identity, how fraud will evolve in 2022 and the need to secure backdoors to prevent ransomware attacks.
The latest edition of the ISMG Security Report features an analysis of how a cryptocurrency exchange bug has revealed North Korean monero laundering. Also featured are cyber insurance trends and cybercrime innovation.
A bipartisan effort to implement cybersecurity incident reporting and the tracking of ransomware payments has been introduced by leaders of the Senate Homeland Security and Governmental Affairs Committee. While it differs from legislation introduced in July, lawmakers hope to reconcile the bills.