Security News
"Our report delivers a clear message: ransomware attacks will continue, be more severe than predicted, and the overall impact will cost organizations more than they expect. Organizations must take action to ensure cyber resiliency and acknowledge that rapid, clean recovery matters most," added Russell. Despite increased focus on cyber-preparedness, organizations still face a misalignment between their backup and cyber teams.
Chinese shopping platform Pandabuy told BleepingComputer it previously paid a a ransom demand to prevent stolen data from being leaked, only for the same threat actor to extort the company again this week. On March 31, 2024, a threat actor using the alias 'Sanggiero' published 3 million rows of data stolen from PandaBuy on BreachForums, exposing customer names, phone numbers, email addresses, login IP addresses, home addresses, and order details.
Ransomware didn't just grow in the US in 2023, it evolved, with the frequency of ransomware claims jumping 64% year-over-year, according to At-Bay. Double leverage attacks - those using both data encryption and exfiltration - also grew by 51% in 2023, demonstrating that threat actors shifted their tactics to pressure more victims into paying ransoms.
Excluding ransoms, the survey found the average cost of recovery reached $2.73 million, an increase of almost $1 million since the $1.82 million that Sophos reported in 2023. 46% of organizations with revenue of less $50 million received a seven-figure ransom demand in the last year.
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Cybersecurity breaches can be devastating for both individuals and businesses alike. While many people tend to focus on understanding how and why they were targeted by such breaches, there's a...
Your organization has been hit by ransomware and a decision has to be made on whether or not to make the ransom payment to get your data decrypted, deleted from attackers' servers, and/or not leaked online. The decision will depend on a variety of factors but, according to GuidePoint Security, an important one should be the overall maturity and prominence of the ransomware operators who pulled off the attack.
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NHS Scotland says it managed to contain a ransomware group's malware to a regional branch, preventing the spread of infection across the entire institution.The INC Ransom group this week claimed responsibility for the assault on 'NHS Scotland', saying it stole 3TB worth of data while leaking a small number of sensitive files.
The INC Ransom extortion gang is threatening to publish three terabytes of data allegedly stolen after breaching the National Health Service of Scotland. In a post yesterday, the cybercriminals shared multiple images containing medical details and said that they would leak data "Soon," unless the NHS pays a ransom.