Unlocking the data generated by ransomware attacks is helping organizations better understand the risks, adopt defensive technologies and prepare for future attacks, says Wade Baker, partner at Cyentia Institute. He discusses new data on how quickly organizations are remediating vulnerabilities.
Nearly 20,000 attacks. An average loss of $120,000 per attack. Billions of dollars sent to cybercriminals each year. Business email compromise is no joke, and it’s continuing to increase—despite increased awareness of the issue.
Why? Because the people behind these scams know how to trick humans, relying on...
Ransomware has changed the risk landscape for suppliers and is forcing companies to reconsider their risk relationships, says Kelly White, co-founder and CEO of RiskRecon. He discusses the correlation between cyber hygiene, ransomware and data loss.
The latest edition of the ISMG Security Report investigates the reboot of ransomware group Conti, which supports Russia's invasion of Ukraine. It also discusses why paying ransomware actors is a "business decision" and how to respond to the talent shortage in the financial sector.
A new Android malware that can steal financial data, credentials, crypto wallets, personal data and cookies; bypass multifactor authentication codes; and remotely control infected devices is targeting online banking customers and financial institutions, cybersecurity researchers at F5 Labs say.
In his spare time, ransomware expert Allan Liska recently became a certified sommelier. Branching out from his day job as principal intelligence analyst at Recorded Future, Liska says he's found numerous parallels between the deductive tasting process and threat intelligence.
As the Russia-Ukraine war continues, many commentators continue to highlight the lack of Russian cyberattacks. But The Chertoff Group's Chad Sweet says Russian cyberattacks remain fast and furious, although Moscow continues to publicly downplay both the attacks and their relative failure.
Threat watch: The ongoing Russia-Ukraine war continues to pose both direct and indirect risks to enterprise networks, says Michael Baker, vice president and IT CISO of IT services and consulting firm DXC Technology. He also discusses recruiting and retaining new talent.
The public-private Ransomware Task Force last year issued numerous recommendations for battling ransomware, and task force member Marc Rogers of Okta says that while the problem persists, better mechanisms are helping to blunt such criminal activity.
Ransomware continues to pummel organizations, with the average ransom payment reaching $925,000 so far this year, but the aggregate financial impact of business email compromise attacks is even worse, says Wendi Whitmore, head of Unit 42 at Palo Alto Networks.
Ransomware groups such as Conti are beginning to move away from encrypting systems. Instead, they are stealing data, especially from public companies, and threatening to leak it publicly to extort ransom payments, says cybercrime expert Vitali Kremez, CEO of AdvIntel.
As Russia's invasion of Ukraine continues, it's notable that Ukraine's government - and much of the country - has remained connected to the internet. That's happening despite fierce Russian cyberattacks, says cybersecurity expert Mikko Hypponen, who highlights Ukraine's defensive mojo.
Personal data allegedly obtained during a cyberattack using BlackCat ransomware was published on a typosquatted open internet website. This new extortion technique shows an escalation by ransomware groups in their willingness to use personal data to bludgeon victims into paying extortion money.
As ransomware attacks continue to pummel organizations, Rapid7 Chief Scientist Raj Samani says victims must identify how the attacker broke in and if they've given themselves persistent ways to regain access. Otherwise, he says, "They'll hit you again and again."
The disruption of the Netwalker ransomware group in January 2021 by U.S. and Bulgarian authorities highlights how blockchain can be an Achilles' heel for cryptocurrency-using criminals, says Jackie Burns Koven, cyberthreat intelligence lead at Chainalysis.
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