ransomware

The evolving rate of patch management and eISSU for financials

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The evolving rate of patch management and eISSU for financials

The ransomware threat has never been greater than it is today. Financial institutions process more digital transactions for more customers today than at any point in human history. The wealth that can be exploited through disruption in any large financial market is significant. Ransomware and malware have been areas of key concern by regulators in the past 24 months and updates to the Federal Financial Institutions Examination Council (FFIEC) and PCI DSS 4.0 now both…

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Change Healthcare Cyberattack Exposed Data From Over 100 Million People

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Change Healthcare Cyberattack Exposed Data From Over 100 Million People

Threat actors accessed the data of 100 million people in the February breach of Change Healthcare, the U.S. Office for Civil Rights showed on Oct. 22. The hack, information about which was revealed in June, could affect up to one-third of Americans. It has proven to be one of the most significant cyberattacks of the year and shows how ransomed data can lead to physical harms such as belated delivery of essential medication. What was…

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Countering ransomware: Ransomware gang disruptions do work

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Countering ransomware: Ransomware gang disruptions do work

Countering ransomware remains one of the top priorities for nations and their law enforcement and intelligence agencies. The persistence of ransomware, which can largely be attributed to its high profits combined with the safe harbor given to ransomware actors in Russia, has evolved into a cybercrime battle with no perfect solution. In many cases, it is not possible to arrest, prosecute or even indict the perpetrators.  In the face of these challenges, governments are increasingly…

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Multi-Site Mastery: Strategies for Effective Risk Assessments

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Multi-Site Mastery: Strategies for Effective Risk Assessments

In this episode of The Security Podcasts we sit down with Mark Landry, National Accounts Director at AMAROK, to discuss navigating multi-site risk assessment effectively. “In order to approach your risk assessment, especially when you’ve got vast or disparate geographies – meaning you’ve got a location in Portland, Maine and location in Portland, Oregon – you have to be able to accurately convey the risk across both of those locations that have very different risk…

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Microsoft: Ransomware Attacks Growing More Dangerous, Complex

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Microsoft: Ransomware Attacks Growing More Dangerous, Complex

The number of attempted ransomware attacks on Microsoft customers globally have grown dramatically in the last year, according to Microsoft’s Digital Defense report, released on Oct. 15. However, advancements in automatic attack disruption technologies have led to fewer of these attacks reaching the encryption stage. Microsoft reported 600 million cybercriminal and nation-state attacks occurring daily. While ransomware attempts increased by 2.75 times, successful attacks involving data encryption and ransom demands dropped by three-fold. The inverse…

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Number of Active Ransomware Groups Highest on Record

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Number of Active Ransomware Groups Highest on Record

This year has seen the highest number of active ransomware groups on record, with 58 attacking global businesses in the second quarter. Threat intelligence platform provider Cyberint has reported only a slight dip in the third quarter, with 57 active groups. Furthermore, in Q3, the top 10 ransomware groups were responsible for only 58.3% of all detected attacks. This reflects both the increase in the number of active groups in general and a decline in…

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Proving physical security value across an organization

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Proving physical security value across an organization

In this episode of The Security Podcasts we sit down with Thomasina Martin, a Key Account Manager specializing in Energy and Utilities at Genetec, Inc., to talk about proving the value of physical security across an organization. “One of the primary challenges I think a lot of us see, I think it’s universal in the security industry when trying to secure a budget, is that physical security often competes with other critical business units or…

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53% of survey respondents admit to paying over $500,000 ransom

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53% of survey respondents admit to paying over 0,000 ransom

Cyber-physical systems (CPS) security was analyzed in a recent report by Claroty. The findings revealed a significant financial impact, with over a quarter (27%) of organizations reporting a financial impact of $1 million or more from cyberattacks affecting CPS. Several factors contributed to these losses, the most common being lost revenue (selected by 39% of respondents), recovery costs (35%) and employee overtime (33%). Ransomware continues to play a big role in recovery costs, as over…

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Study: 92% of Healthcare Firms Hit by Cyberattacks This Year

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Study: 92% of Healthcare Firms Hit by Cyberattacks This Year

Healthcare organizations should rethink some of their approach to security, particularly by enhancing their focus on insider threats, improving cyber awareness training, and securing mobile applications and devices, said Ryan Witt, vice president of industry solutions at Proofpoint, discussing findings of a newly released study. The third annual study – Cyber Insecurity in Healthcare: The Cost and Impact on Patient Safety and Care 2024 – was sponsored by Proofpoint and conducted by research firm Ponemon…

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Timeline: Top 15 Notable Cyberattacks and Data Breaches

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Timeline: Top 15 Notable Cyberattacks and Data Breaches

Cyberattacks, whether accidental or purposeful, have been a threat long before the invention of the World Wide Web. These attacks aim to steal money, data, or resources — and sometimes serve as tools for gaining an edge over rival nations. Each incident is a stark reminder for businesses to fortify their digital defenses while also underscoring the crucial role of security teams that work tirelessly to identify and neutralize these threats. The following attacks had…

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