Ransomware attacks
A Guide to Guarding Against Ransomware Attacks in 2024
In the ever-evolving landscape of cybersecurity, the threat of ransomware looms large. As we step into 2024, the sophistication and frequency of ransomware attacks continue to rise, making it imperative for individuals and organizations to adopt proactive measures to defend against this malicious threat. In this guide, we will explore effective strategies to fortify your […]
Top 10 Ransomware Attacks in 2023
As we approach August, it’s time to take stock of the ransomware attacks that have plagued numerous organizations, leaving CTOs and CIOs grappling with the aftermath. The year 2023 has witnessed several high-profile incidents, exposing sensitive data and causing disruptions across various industries. 1.) Harvard Pilgrim Health Care (HPHC) faced a significant breach in April. […]
US, Canada and UK witness highest number of ransomware attacks on a global note
A Ransomware report compiled by NordLocker- a company that offers a highly secure private cloud has revealed that United States, Canada and United Kingdom are the countries that witnessed highest rate of ransomware attacks. And the most interesting fact is that small business operating in the said regions were at greater risk than the larger […]
Top 7 Ransomware Attacks of year 2021
1.) REVIL ransomware spreading gang targeted Kaseya software company through a vulnerability and disrupted their business operations in July 2021. The notorious gang of threat actors reportedly demanded a $70 million ransom. However, the company did not bow down to the demands of hackers and recovered their data by other means. 2.) Accenture was hit […]
Ransomware attacks on schools fetched $6 Billion loss
According to a report compiled by Comparitech, Ransomware Attacks on schools and colleges operating in United States could have fetched a $6 billion loss to the institutes on a combined note in 2020 alone. The only good news is that the research team found that the average downtime was witnessed to have decreased from 14 […]
Year 2021 witnesses over 304.7 million Ransomware attacks so far
SonicWall Cyber Threat report has confirmed that the year 2021 witnessed a record number of ransomware attacks in just 6 months, taking the number to 304.3 million; double than what was observed in the first six months of 2020. The network protecting firm stated that the cyber criminals sped up the attacks on corporate networks […]
United States to use Amazon, Google and Microsoft to bolster security against Ransomware Attacks
As more and more companies are becoming soft targets for ransomware spreading gangs, United States is all set to knock the doors of big technology companies like Amazon, Google, and Microsoft to offer protecting collaboratively. Named as Joint Cyber Defense Collaboration, the initiative will allow the Department of Homeland Security to officially seek help from […]
Costliest Ransomware Attacks of 2020
According to a research conducted by Cybersecurity firm Emsisoft, businesses around the world which became victims of ransomware attacks reportedly spent at least $144.2 million on mitigating the repercussions of the attack and this includes network rebuilding costs, investigation expenses and backed up data restoration. And some of the costliest ransomware attacks which took […]
Ransomware attacks could have cost the United States $7.5 Billion
Hackers holding hostage of data for a ransom leads to a ransomware attack and this is what turned into a profitable business for hackers in 2019. According to a survey, conducted by Cybersecurity firm Emisoft, the cost of ransomware attacks in 2019 could have cost $7.5 billion. And the victims were tallied to be […]
Here’s a list of Worst Ransomware Attacks of 2019
Demant Ransomware attack– The mitigation and data recovery costs are estimated to be between $80 million to $95 million- thus making the malware attack on hearing aid manufacture Demant ‘Number One’ in the list of Worst Ransomware Attacks of 2019. Remember, this company had a cyber insurance cover of $14.6 million which would have otherwise […]
