Ransomware is once again the most common illicit profit-making tool in online attackers' arsenal, police warn. Security firm Emsisoft says the most-seen strains in recent months include STOP, Dharma .cezar, Phobos, GlobeImposter 2.0 and Sodinokibi. Less widely seen Ryuk also continues to generate big profits.
Pitney Bowes says it was infected by file-encrypting malware that has affected online accounts and mailing products but that client data doesn't appear to be at risk. The postage meter maker says "all options" are being considered for recovery, meaning that it could pay a ransom.
More than 600 ransomware attacks pummelled local governments, schools districts and healthcare providers across the U.S. in the first three quarters of this year, according to a study by security firm Emsisoft. Meanwhile, the FBI this week issued a fresh warning about the threat.
Medical facilities and hospitals across the state of Victoria in Australia were infected by file-encrypting ransomware on Monday, causing the shutdown of patient booking systems and financial systems. At least one hospital has reverted to using paper-based systems.
"Cyberattacks are one of the unfortunate realities of doing business today," reads gaming company Zynga's data breach notification, thus breaking the first rule of crisis management: Own your mistakes. Hacker Gnosticplayers claims the company was still storing passwords using outdated SHA1.
The city of Baltimore's ransomware outbreak - $18 million in costs and counting - led to many crypto-locked files being lost forever, because no IT policy mandated centralized file backups. But effective IT solutions exist to help solve this challenge, provided they're deployed in advance of an attack.
Ransomware-wielding attackers treat infecting endpoints as a business and put customer relationship management principles to work, says Bill Siegel, CEO of ransomware incident response firm Coveware. He notes criminals "go after the low-hanging fruit because it's cheap and the conversion rate is high."
Three weeks after a ransomware attack slammed 22 Texas municipalities' systems, state officials say more than half of the cities have returned to normal operations and the rest have advanced to system restoration. Meanwhile, officials have shared lessons learned for managed service providers and customers.
The mayor of New Bedford, Massachusetts, took the unusual step this week of holding a press conference to describe a recent ransomware attack and explain why the city decided not to pay the $5.3 million ransom that was demanded.
Do criminal organizations prefer to target organizations that hold cyber insurance policies? A ProPublica report suggests that because cyber insurance policyholders are more likely to pay ransoms, they're a more frequent target. But some cybersecurity experts have expressed skepticism.
Ransomware-wielding attackers continue to target not just big businesses and large government agencies, but increasingly their smaller counterparts too. In Texas, officials say a campaign tied to a "single threat actor" infected 22 local government agencies on Friday.
Data breach costs continue well after the initial year, according to the latest IBM/Ponemon Institute,"Cost of a Data Breach" report. Limor Kessem of IBM Security shares details of the study.
With the GandCrab ransomware-as-service gang promising to retire - and free decryptors now aiding victims - rival Sodinokibi has already stepped into the void, security experts warn. Driven also by attackers wielding Ryuk, Dharma and Phobos, ransom payments by victims have been surging.
Digital transformation impacts the way that organizations deal with cybersecurity risk. For SMBs in particular, it is essential to place security at the center of this transformation.
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The latest edition of the ISMG Security Report discusses Cloudflare's harsh criticism of Verizon over an internet outage it labeled as a "small heart attack." Plus: sizing up the impact of GDPR; reviewing highlights of the ISMG Healthcare Security Summit.
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