The vast majority of ransomware victims end up paying their attackers to get their data unlocked, according to a new report from cybersecurity software provider ThycoticCentrify. The report, “2021 State of Ransomware Survey and Report: Preventing and Mitigating the Skyrocketing Costs and Impacts of Ransomware Attacks,” based on survey responses from 300 U.S.-based IT professionals, […]
BlackMatter, a possible re-brand of DarkSide, which was active from September 2020 through May 2021 is back at it again. Since July 2021, BlackMatter ransomware has targeted multiple U.S. critical infrastructure entities, including two U.S. Food and Agriculture sector organizations, according to a joint advisory from the CISA, FBI and NSA. Black Matter actors have […]
As ransomware continues to be an increasing threat to the US financial sector, businesses, and the public, the U.S. Treasury’s Crimes Enforcement Network (FInCEN) has identified six money laundering typologies related to ransomware payments: 1. Threat Actors Increasing Request Payments in AECs Ransomware-related payments are initially requested in Bitcoin, however threat actors may also ask […]
According to a new report from the U.S. Department of the Treasury on suspicious activity reports (SARs) filed by financial institutions, the value of suspicious activity reports filed related to ransomware payments during the first six months of the year has already exceeded the value reported for all of last year. The department’s Financial Trend […]
The constant barrage of ransomware attacks and notable IT supply chain compromises are largely attributed to Russia-based threat actors, and Microsoft’s 2021 Digital Defense Report confirms that the vast majority of cyberattacks are coming from Russia. Specifically, 58% of cyberattacks observed by Microsoft from nation-states have come from Russia from July 2020 to June 2021. […]
As law enforcement authorities are grappling with the rise of ransomware and cryptocurrency technologies, Deputy Attorney General Lisa O. Manac has formed a new National Cryptocurrency Enforcement Team (NCET). The team will tackle complex investigations and prosecutions of criminal misuses of cryptocurrency and investigate crimes committed by virtual currency exchanges, mixing and tumbling services, and […]
A pair of U.S. lawmakers are introducing a bill designed to improve information sharing on ransomware threats by requiring organizations that pay the ransom to disclose information on the payment and attack to the Department of Homeland Security. The bill is designed to bolster the U.S. government’s understanding of how cybercriminal enterprises like ransomware groups […]
Cybercriminals are continuing to abuse vulnerabilities and configuration flaws, such as Microsoft remote desktop protocol, according to ESET Threat Report.
It’s not just ransomware and supply chain cyberattacks that IT pros have to defend against, according to a new report that indicates DDoS attacks are also increasing in frequency and scope. According to cybersecurity company Netscout, there were 5.4 million distributed-denial-of-service (DDoS) attacks in the first half of 2021, which is an 11% increase from […]
Cybersecurity software provider Bitdefender has made available a free universal decryption key for victims of REvil/Sodinokibi ransomware that had their data encrypted by hackers using the ransomware variant before July 13. According to the company, the key was created in collaboration with a “trusted law enforcement partner” and can help victims restore their files and […]
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