The City of Quincy, Illinois' administrative systems were hit by a ransomware attack on May 7, confirmed Mayor Mike Troup in a press conference held on Tuesday. Consulting fees and a ransom were paid but critical services continued to operate throughout the incident.
Since at least the middle of last year, online attackers have been increasingly targeting the financial services sector.
So warns John Fokker, principal engineer and head of cyber investigations for the Advanced Threat Research group at cybersecurity firm Trellix. He says Trellix's latest threat assessment found a...
Ransomware gang Black Basta, which came to prominence in April, has claimed responsibility on its leak site for a ransomware attack on AGCO. An AGCO spokesperson confirmed to ISMG that employee data was exfiltrated during an attack but did not comment on Black Basta's claims of responsibility.
Indian passenger airline SpiceJet says an attempt at a ransomware attack was made against its IT infrastructure on Tuesday night. The airline says the attack was "contained," and it has resumed regular operations. Passengers continued to complain about takeoff delays until noon local time.
Ransomware has grown 13% year on year in 2022, a jump greater than the past five years combined, a Verizon Business 2022 Data Breach Investigations Report published on Tuesday shows. It says financial gain continues to be the primary motive for attacks, followed by espionage.
In the latest update, four ISMG editors discuss the alarming, bizarre case of a cardiologist in Venezuela charged with developing malware and recruiting affiliates, recent ransomware and data leak incidents in healthcare and how the economy is causing mature cybersecurity startups to slow hiring.
When Colonial Pipeline suffered an outage in May 2021 as a result of an attack by the DarkSide crime syndicate, numerous governments changed their approach to ransomware and began treating it as a national security threat, says Rapid7's Jen Ellis. She details what needs to happen next.
The Russian-language criminal syndicate behind the notorious Conti ransomware has retired that brand name, after having already launched multiple spinoffs to make future operations more difficult to track or disrupt, threat intelligence firm Advanced Intelligence reports.
The new Expel Quarterly Threat Report provides data on what we’re seeing,
detection opportunities, and resilience recs to help protect your organization.
We’ll dive into the trends in this report, based on incidents the Expel security
operations center (SOC) team identified through investigations into...
Two recent apparent ransomware attacks on health plans have potentially affected hundreds of thousands of individuals. One of the incidents allegedly involved the Conti ransomware group, and the other allegedly involved Hive. One of the health plans is already facing legal fallout.
Attackers who successfully infect targets with ransomware primarily first gain access by exploiting poorly secured remote desktop protocol or VPN connections or by using malware-laden phishing emails, reports security firm Group-IB, based on more than 700 attacks it investigated in 2021.
The latest edition of the ISMG Security Report analyzes the changes in the ransomware landscape one year after the attack on Colonial Pipeline. It also revisits the Ryuk ransomware attack on a school district in Illinois and examines common culprits hindering effective Zero Trust adoption.
U.S. authorities have charged a cardiologist based in Venezuela with developing and selling multiple strains of ransomware, including Jigsaw and Thanos, as well as recruiting affiliates to use the crypto-locking malware against victims in return for a cut of any ransoms paid.
If you were a nation with legions of hackers at your disposal, seeking to sidestep crippling international sanctions, would you look to ransomware to fund your regime? That question is posed by new research that finds state-sponsored North Korean hackers haven't stopped their ransomware experiments.
In the latest update, four editors at Information Security Media Group discuss the intriguing insights exposed by the leak of ransomware gang Conti's internal communications, the U.S. Treasury's first-ever sanctions on a cryptocurrency mixer and the latest cyber activity in Russia's hybrid war.