ransomware

Ransomware Attacks Are Attracting Record Payouts in Australia. Should You Pay the Ransom?

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Ransomware Attacks Are Attracting Record Payouts in Australia. Should You Pay the Ransom?

Ransomware remains one of the most common forms of cyber attack — and it’s particularly threatening because it can be incredibly effective. Globally, ransomware damage costs are predicted to exceed $265 billion by 2031. These attacks can affect even the largest of organisations. In July, a hacking group disrupted more than 230 of Indonesia’s government agencies and services by infecting critical systems at a national data centre. Why organisations are tempted to pay ransoms Theoretically,…

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Cyber Security Public-Private Partnerships Are Taking Off in APAC

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Cyber Security Public-Private Partnerships Are Taking Off in APAC

APAC governments are partnering more closely with private-sector organisations and cyber security tech providers as part of public-private partnership style arrangements. These collaborations can include threat intelligence sharing, cyber capacity building, research and joint investigations. As the cyber threat continues to grow in APAC, including from ransomware attackers and nation-state actors, the hope is that integrated collaboration between governments and businesses will lead to a more cohesive response. What is a cyber security public-private partnership?…

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Locking out ransomware: A new way to look at security strategy

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Locking out ransomware: A new way to look at security strategy

Ransomware attacks are accelerating at a record pace, becoming dramatically more frequent and more sophisticated. In fact, nearly 60% of companies experienced ransomware events in the last year, forcing desperate businesses to cough up a staggering $1 billion in ransom payments. That’s up from the $220 million that was paid to bad actors in 2019. Change Healthcare is just one recent example. The company was hit with one of the largest ransomware attacks within healthcare,…

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Cisco Talos: Top Ransomware TTPs Exposed

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Cisco Talos: Top Ransomware TTPs Exposed

Cisco Talos analyzed the top 14 ransomware groups between 2023 and 2024 to expose their attack chain and highlight interesting Tactics,Techniques and Protocols. The security company also exposed the most leveraged vulnerabilities being triggered by ransomware actors. Ransomware attack chain: What Cisco Talos researchers learned Ransomware actors nearly all use the same attack chain. Typical ransomware attack chain. Image: Cisco Talos Step one for ransomware actors The first step for the threat actor consists of…

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Dragos: Industrial Cyber Security Basics Can Help Protect APAC OT Operators

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Dragos: Industrial Cyber Security Basics Can Help Protect APAC OT Operators

Industrial cyber security in APAC is still lagging behind enterprises, but having some basic hygiene and a plan in place is “light years” better than nothing, according to director of incident response at operational technology cyber security firm Dragos Lesley Carhart. Carhart recommends industrial technology operators large or small in APAC realise they could all be targets, including from state actors looking to steal information or position themselves for a future geopolitical event, and to…

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Cyber Insurance Premiums Are Declining, Howden Insurance Brokers Report Finds

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Cyber Insurance Premiums Are Declining, Howden Insurance Brokers Report Finds

Improved cyber hygiene among businesses has led to a reduction in cyber insurance premiums by 15% worldwide over the last two years, a new report from Howden Insurance Brokers has found. This is despite the fact that cyberthreats, particularly ransomware attacks, are becoming more prevalent. Awareness of cyber hygiene practices, like multifactor authentication, EDR and cloud backups, has grown significantly since 2022. Ransomware attacks have increased by 18% this year, according to Howden and NCC…

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Ransomware Cheat Sheet for 2024: What Is Ransomware?

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Ransomware Cheat Sheet for 2024: What Is Ransomware?

Ransomware is arguably the most high-profile security threat of the moment. Cybercriminals across the world are demanding money from victims by holding their devices and data hostage. This type of attack, in which data is encrypted or claimed to be and victims are prompted to pay for the key to restore access, has been growing rapidly since 2013 and is now one of the most common types of malware. TechRepublic’s cheat sheet about ransomware is…

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Beyond the breach: The ongoing fragility of healthcare cybersecurity

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Beyond the breach: The ongoing fragility of healthcare cybersecurity

A wave of ransomware attacks in the United States and United Kingdom that have disrupted clinical operations and forced hospitals in both regions to turn away patients is the latest reminder of the fragility of life-saving infrastructure and how lucrative it can be for attackers looking for a payday or an opportunity to sow discord into the lives of patients.  In May, St. Louis-based Ascension Healthcare, one of the largest private healthcare systems in the…

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Navigating political polarization in the workplace

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Navigating political polarization in the workplace

In this episode of The Security Podcasts featuring Scott McHugh, retired CSO at LyondellBasell Chemical Company and Faculty at Rice University, we discuss the challenges security leaders face when navigating political polarization in the workplace. “This is actually not a new phenomenon,” Scott McHugh says. “It really started in the late ’90s, in the Clinton administration, and it’s just been manifesting itself through the years ever since then. And it’s become much more of a…

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Olympics 2024: Cyber Attackers are Targeting Companies Associated With Paris Games

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Olympics 2024: Cyber Attackers are Targeting Companies Associated With Paris Games

Organisations linked to the Paris Olympics 2024 have an increased risk of cyber attacks, including ransomware, credential leaks and phishing campaigns, a study has found. Insikt Group, the threat research division of security firm Recorded Future, has already observed posts advertising access to Games-related organisations in France and compromised credentials using “paris2024[dot]org” domains on the Dark Web. These findings were published in a new report highlighting high-priority threats to the Games, based on an assessment…

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