Ransomware
Ransomware testing being done on developing countries
In recent times, our attention has been drawn to ransomware attacks targeting both public and private entities. However, a new concern has emerged: ransomware testing. According to a report from cybersecurity firm ‘Performanta’, hackers are conducting ransomware tests in developing regions such as Africa, Asia, and South America before setting their sights on Western countries. […]
More companies refuse to pay ransom in 2024
In 2024, a significant shift in corporate response to ransomware attacks has emerged, reflecting a resolute stance against capitulation to hackers’ demands for ransom payments. Coveware, a notable cybersecurity firm, has underscored this trend, revealing that merely 28% of affected companies opted to pay ransom in the initial quarter of the year, with the majority […]
Can Ransomware Gangs Be Neutralized? Exploring Strategies to Combat Cyber Extortion
In recent years, ransomware attacks have emerged as one of the most pervasive and damaging cyber threats, with criminal gangs employing sophisticated tactics to extort money from individuals, businesses, and even government entities. As the frequency and severity of these at-tacks continue to rise, the question arises: can ransomware gangs be neutralized? While the task […]
Possible Cyber Attack on 911 of 4 American States
The 911 emergency services experienced a significant outage in four states—Nebraska, South Dakota, Texas, and Nevada—sending shockwaves through the affected communities. Speculation points to a cyber attack orchestrated by Chinese intelligence, targeting all 50 states. However, only nine states were impacted, with four officially confirming the disruption. Iowa, Wisconsin, Kentucky, Minnesota, and Florida are still […]
Nexperia Ransomware attack and some details about American hackers spreading ransomware
Nexperia, a leading manufacturer of silicon-based processors, recently fell victim to a ransomware attack, potentially exposing sensitive information to cybercriminals. The Netherlands-based company, which receives official funding from China, experienced a file-encrypting malware assault on April 12, 2024, impacting its production servers. The attack, attributed to a newly emerged ransomware group called Dunghill Group( DARK […]
Cyber Attacks: The Need For an IT and Board-Level Understanding of the Risks
[By James Allman-Talbot, Head of Incident Response and Threat Intelligence at Quorum Cyber] According to IBM, the global average cost of a data breach in 2023 was 4.45 million, which was a 15% increase over three years. Microsoft notes that “the U.S. was the target of 46 percent of cyberattacks in 2020, more than […]
Ransomware threat to diminish in this year 2024
Exciting news arrives amidst the relentless surge of ransomware assaults that have plagued individuals and corporations, escalating into double and triple extortion schemes, instigating apprehension among internet users. However, a glimmer of hope emerges from the latest findings of a Cyberint study, indicating a decline in ransomware incidents during the first quarter of 2024, with […]
Ransomware criminals target backups for assured ransom
In recent times, the importance of maintaining efficient data backups as a defense against ransomware attacks has been repeatedly emphasized by security experts and law enforcement agencies. However, what happens when even these backups fall victim to encryption or deletion? According to a report by Sophos, a prominent cybersecurity firm, a staggering 94% of organizations […]
Cybersecurity trends: Some rays of hope among the dark clouds
[By Dov Lerner, Cybersixgill] Cybersecurity veterans often have a pessimistic view of the industry’s trends: attacks seem to be always on the rise, threat actors become more sophisticated, and breaches grow costlier than ever to their victims. I’m happy to note that there’s some good news for a change, as my company discovered while […]
Ransomware attack on Big Issue and University of Winnipeg
The Qilin Ransomware group is under scrutiny for breaching the servers of the UK-based newspaper ‘The Big Issue Group.’ Reports indicate that the perpetrators successfully accessed confidential data from the victim and are now holding the entire database hostage, encrypting it until a ransom is paid. The Big Issue, a newspaper primarily serving the homeless […]
