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Tag Archives for " ransomware "

94% of Those Who Pay the Ransom Get the Data Back

According to The State of Ransomware 2020 global study conducted earlier this year on behalf of Sophos, organisations that decide to pay to get their data back, do so in an efficient 94% of cases.

Overall, the research found that while a malicious file download or link was still the biggest danger (29% of successful attacks), other methods such as remote attacks on servers (21%), unsecured Remote Desktop Protocol (9%), external suppliers (9%), and infected USB drives (7%) were also popular.

The research questioned 5,000 IT managers from 26 countries (500 from the US and 200 from the UK) in a range of sectors and company sizes from 100 to 5,000 employees.

Source: Huge toll of ransomware attacks revealed in Sophos report – Naked Security

Bitcoin ransomware locks 10 years’ worth of government data in Argentina

Bitcoin-hungry hackers have attacked a data center in Argentina which houses local government files.

The size of the Bitcoin ransom is unknown, but reports suggest attackers asked for somewhere in between approximately $37,000 and $370,000 (0.5 and 50 BTC) in exchange for decrypting the files.

The center had already recovered 90 percent of the encrypted data. Decrypting the files will take at least 15 days, mostly due to the sheer size of the archive. Some 7,700 GB — approximately 10 years worth data — was originally compromised as a result of the attack.

Source: Bitcoin ransomware locks 10 years’ worth of government data in Argentina

Ransomware increases 74.23% year on year

New research by Bitdefender identifies a significant rise in ransomware this year, in comparison to 2018.

In its Mid-Year Threat Landscape Report, researchers noted that since the fall of GrandCrab earlier this year, many spinoff ransomware families have filled the gap.

The top three threats facing business and consumers included coin-mining malware, commonly used in cryptojacking campaigns, exploits leveraging unpatched or previously known vulnerabilities and fireless attacks and banking trojans.

Source: #Privacy: Ransomware increases 74.23% year on year

Study reveals 2019’s darkest cyber-threats

Webroot has released its third annual Nastiest Malware list, shedding light on 2019’s worst cybersecurity threats.

From ransomware strains and crypto-mining campaigns that delivered the most attack payloads to phishing attacks that wreaked the most havoc, it’s clear that cyber threats across the board are becoming more advanced and difficult to detect.

Full article: #Privacy: Study reveals 2019’s darkest cyber-threats

Danish company reveals a possible ransomware loss of $95m

Demant, a hearing aid company, has revealed that it is expected to incur losses of up to $95 million, following a ransomware attack.

In a company announcement, on September 3, the company had experienced a critical incident on their internal IT Infrastructure.

In the announcement, the company stated that is was able to assess the financial impact of the incident, and it was found that the total negative financial impact on the firm ranged from DKK 550-560m ($80-95m). This figure also includes a deduction of DKK 100 ($15m) from insurance coverage.

Source: #Privacy: Danish company reveals a possible ransomware loss of $95m

New US ransomware bill passed

The US Senate has passed a bill that is aimed to protect public institutions like schools and law enforcement, from ransomware.

The DHS Cyber Hunt and Incident Response Teams Act would authorise the Department of Homeland Security (DHS) to create teams to help both private and public entities defend against attacks.

Additionally the cyber hunt and incident response teams, will provide support and technical advice, as well as provide incident response assistance.

Source: #Privacy: New US ransomware bill passed

DLA Piper and its insurers clash over multi-million NotPetya payout

Multinational law firm DLA Piper was hit in the crossfire as Russia-backed ransomware spread, and Hiscox is reportedly declining to pay up citing an “act of war”.

DLA Piper has started proceedings against Hiscox, saying that the insurance firm has failed to pay out for the damages and costs associated with the NotPetya attack – a claim which may amount to several million pounds.

Source: DLA Piper and its insurers clash over multi-million NotPetya payout

Cryptomining replaces ransomware as 2018’s top cybersecurity threat

Cryptomining has taken ransomware’s place as the top cybersecurity threat in 2018, according to Webroot’s Mid-Year Threat Report Update. Focusing on trends in the first half of 2018, the report discovered cyberattack vectors becoming increasingly advanced and sophisticated, according to the Tuesday press release for the report.

Full article: Cryptomining replaces ransomware as 2018’s top cybersecurity threat – TechRepublic

73% of CISOs companies resigned to data breaches are stockpiling cryptocurrency to pay off ransoms, survey reveals

In an evolving threat landscape, the report revealed that 73% of CISOs companies resigned to data breaches are stockpiling cryptocurrency to pay off ransoms; and the vast majority (79%) of stockpilers have actually paid a ransom.

Source: 73% of CISOs companies resigned to data breaches are stockpiling cryptocurrency to pay off ransoms, survey reveals

Ransomware reigns supreme in 2018, as phishing attacks continue to trick employees

Ransomware was the cause of 39% of malware-related data breaches, more than double that of last year, according to Verizon’s annual Data Breach Investigations Report.

This is the report’s 11th edition, analyzing more than 53,000 security incidents and 2,216 breaches from 65 countries.

Source: Ransomware reigns supreme in 2018, as phishing attacks continue to trick employees – TechRepublic

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