ransomware

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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To pay or not to pay? Negotiating in the age of ransomware

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To pay or not to pay? Negotiating in the age of ransomware

In 2023, more than 2,200 networks across United States hospitals, schools and government organizations, as well as thousands of private businesses, were breached by cybercriminals. With another record-breaking year for ransomware and data extortion in the rearview mirror, organizations of all sizes are preparing for when they’ll need to make their big payout in 2024. But what if paying the ransom wasn’t the only way out?  There’s often room to negotiate with threat actors or,…

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Unveiling common ransomware attack methods to secure your organization

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Unveiling common ransomware attack methods to secure your organization

With ransomware payments hitting a record $1.1 billion last year, it’s no wonder why it’s top of mind for most business leaders. Instead of wondering whether or not they’ll be hit with a ransomware attack, leaders need to be building a strategy for what to do when an attack is attempted on their business. The question isn’t “Will I get hit with ransomware?” it is “What will I do when it happens?” For years, the…

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How Can Businesses Defend Themselves Against Cyberthreats?

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How Can Businesses Defend Themselves Against Cyberthreats?

Today, all businesses are at risk of cyberattack, and that risk is constantly growing. Digital transformations are resulting in more sensitive and valuable data being moved onto online systems capable of exploitation, thus increasing the profitability of a successful breach. Furthermore, launching a cyberattack is becoming more accessible. Exploit kits and malware-as-a-service offerings are getting cheaper, while open-source AI tools are making masquerading as a trusted executive and exploiting vulnerabilities easier. TechRepublic consolidated expert advice…

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Top 5 Global Cyber Security Trends of 2023, According to Google Report

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Top 5 Global Cyber Security Trends of 2023, According to Google Report

It is taking less time for organisations to detect attackers in their environment, a report by Mandiant Consulting, a part of Google Cloud, has found. This suggests that companies are strengthening their security posture. The M-Trends 2024 report also highlighted that the top targeted industries of 2023 were financial services, business and professional services, tech, retail and hospitality, healthcare and government. This aligns with the fact that 52% of attackers were primarily motivated by financial…

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Verizon 2024 Data Breach Report shows the risk of the human element

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Verizon 2024 Data Breach Report shows the risk of the human element

Verizon Business released its 17th-annual Data Breach Investigations Report (DBIR), highlighting the role that the human element plays in cyber threats. This report examined 30,458 security incidents as well as 10,626 verified breaches in 2023, representing a two-fold increase from 2022. Out of the breaches analyzed, more than two-thirds (68%) included a non-malicious human element — in other words, these incidents involved insider errors or people falling for social engineering schemes. This percentage remains consistent…

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