Security News
Ransomware statistics from the second quarter of the year show that the ransoms paid to extortionists have dropped in value, a trend that continues since the last quarter of 2021. Ransomware remediation firm Coveware has published a report today with ransomware data from the second quarter of 2022 showing that although the average payment increased, the median value recorded a significant drop.
The No More Ransom project celebrates its sixth anniversary today after helping millions of ransomware victims recover their files for free. "Six years later, No More Ransom offers 136 free tools for 165 ransomware variants, including Gandcrab, REvil/Sodinokibi, Maze/Egregor/Sekhmet and more," Europol said Tuesday.
Maastricht University, a Dutch university with more than 22,000 students, said last week that it had recovered the ransom paid after a ransomware attack that hit its network in December 2019. One week later, on December 30, the university decided to pay the ransom to have its files decrypted after deciding that rebuilding all infected systems from scratch or creating a decryptor were not viable options.
Shoprite Holdings, Africa's largest supermarket chain that operates almost three thousand stores across twelve countries in the continent, has been hit by a ransomware attack. "Additional security measures to protect against further data loss were implemented by amending authentication processes and fraud prevention and detection strategies to protect customer data," mentions the firm's statement.
The report shows that 99% of those healthcare organizations hit by ransomware got at least some their data back after cybercriminals encrypted it during the attacks. Additional ransomware findings for the healthcare sector Healthcare organizations had the second-highest average ransomware recovery costs with $1.85 million, taking one week on average to recover from an attack.
A ransomware gang is taking extortion to a new level by publicly hacking corporate websites to publicly display ransom notes. This new extortion strategy is being conducted by Industrial Spy, a data extortion gang that recently began using ransomware as part of their attacks.
Hackers have targeted poorly secured Elasticsearch databases and replaced 450 indexes with ransom notes asking for $620 to restore contents, amounting to a total demand of $279,000. This campaign is not new, and we have seen similar opportunistic attacks numerous times before, and against other database management systems, too [1, 2, 3]. Restoring the database contents by paying the hackers is an unlikely scenario, as the practical and financial challenge for the attacker to store the data of so many databases is unfeasible.
Several U.S. federal agencies warned organizations today against paying ransom demands made by the Karakurt gang since that will not prevent their stolen data from being sold to others. Karakurt, the data extortion arm of the Conti ransomware gang and cybercrime syndicate, is focused on stealing data from companies since at least June 2021 and forcing them into paying ransoms under the threat of publishing the information online.
A Veeam report has found that 72% of organizations had partial or complete attacks on their backup repositories, dramatically impacting the ability to recover data without paying the ransom. 76% of organizations admitted to paying the ransom.
Businesses are losing the battle when it comes to defending against ransomware attacks, according to a Veeam report, which found that 72% of organizations had partial or complete attacks on their backup repositories, dramatically impacting the ability to recover data without paying the ransom. Paying the ransom doesn't guarantee data recovery.