ransomware

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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Proofpoint's CISO 2024 Report: Top Challenges Include Human Error & Risk

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Proofpoint's CISO 2024 Report: Top Challenges Include Human Error & Risk

In Proofpoint’s 2024 Voice of the CISO report, the cybersecurity company found that CISOs are dealing with people-centric threats more than ever. Plus, cybersecurity budgets often don’t change, and AI can help and hurt CISOs’ efforts. Regarding the specific threat risks, 41% of the CISOs mostly fear ransomware attacks, followed by malware (38%), email fraud (36%), cloud account compromise (34%), insider threat (30%) and distributed denial of service (30%) attacks. Biggest threat risks as perceived…

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What Is ShrinkLocker? New Ransomware Targets Microsoft BitLocker Encryption Feature

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What Is ShrinkLocker? New Ransomware Targets Microsoft BitLocker Encryption Feature

A new strain of ransomware dubbed ShrinkLocker is being used by cyberattackers to target enterprise computers. It exploits the Microsoft BitLocker encryption feature to encrypt the entire local drive and remove the recovery options before shutting down the PC. ShrinkLocker was discovered by cybersecurity firm Kaspersky, and analysts have observed variants in Mexico, Indonesia and Jordan. BitLocker has been used to stage ransomware attacks in the past, but this strain has “previously unreported features to…

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In the last year, 70% of organizations were targeted with BEC attacks

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In the last year, 70% of organizations were targeted with BEC attacks

A report by Arctic Wolf shows that business email compromise (BEC) incidents are a common occurrence, as 70% of organizations experienced an attempted attack in the last year. 29% of these organizations became victims of one or more successful BEC attacks. The report also discussed ransomware. 45% of the respondents state that their organization experienced a ransomware incident in the last 12 months, with 86% of those incidents involving successful data exfiltration.  Among organizations that…

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Black Basta Ransomware Struck More Than 500 Organizations Worldwide

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Black Basta Ransomware Struck More Than 500 Organizations Worldwide

A joint cybersecurity advisory from the Federal Bureau of Investigation, Cybersecurity and Infrastructure Security Agency, Department of Health and Human services and Multi-State Information Sharing and Analysis Center was recently released to provide more information about the Black Basta ransomware. Black Basta affiliates have targeted organizations in the U.S., Canada, Japan, U.K., Australia and New Zealand. As of May 2024, these affiliates have impacted more than 500 organizations globally and stolen data from at least…

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