Items tagged with Ransomware
DigitalMint, a well-known financial cybersecurity firm, has revealed that one of its former employees is being investigated by the US Department of Justice. The probe centers on allegations that this individual colluded with ransomware gangs to receive illicit payments from their extortion scheme.
Oftentimes, when...
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A few months ago, a group of cybercriminals, Scattered Spider, launched sophisticated cyber attacks that bypassed key security infrastructures of several retail companies in the UK. The group has become even more notorious and has reportedly launched a new wave of attacks targeting insurance companies in the United...
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The FBI has announced that the Play ransomware gang has masterminded several sophisticated cyberattacks, which have compromised key security infrastructures in about 900 organizations in Europe, North America, and South America.
The Play ransomware gang, which became infamous for compromising the security...
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A recent campaign by 3AM ransomware actors found the team using more proactive techniques rather than simple opportunistic hacks by pretending to be IT support. Using a combination of email bombing and spoof IT support calls, unwitting employees dropped their guards, giving the attackers access to their terminals (and...
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The Clop ransom gang, notorious for masterminding sophisticated cyberattacks and exploiting zero-day vulnerabilities, is back in the news, and for the usual reason- - targeting the security systems of big companies and causing large-scale data breaches. The gang is claiming to have carried out an attack that breached...
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Medical device manufacturer Artivion, who specializes in making products used by cardiac and vascular surgeons to treat patients, has been hit with a ransomware attack. It was severe enough attack that it has disrupted the company’s operations to the point it needed to disable some of its systems. The company...
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In the past few years, the ransomware market has heated up, leading to more payouts for threat actors and more attacks overall. However, in late 2023, with the seizure of BlackCat ALPHV by law enforcement, among other factors, the business side of ransomware-as-a-service (RaaS) has been put on ice, at least somewhat...
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StopCrypt ransomware is one of the most prolific yet underreported ransomware families due to its usual target of individuals rather than high-profile businesses or larger entities. We may not see this strain of ransomware in the United States as much, but it is still a threat regardless, and an evolving one at that...
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Over the past few months, the infamous ransomware group LockBit has faced significant turmoil, including threatening a forum administrator with murder. All while this was happening, members of the group like Mikhail Vasiliev were sitting in jail, awaiting trial for their cybersecurity crimes. Now, Vasiliev has been...
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Most forms of malware can only make the attacker money in a roundabout way. For example, selling stolen data or bundling infected systems into a rentable botnet. Ransomware is different, however, in that it can be a moneymaker all on its own, and that's why infections have increased every year. IBM has debuted a new...
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When you get into the ransomware scene, one would think that you want to lay somewhat low while building up a decent reputation before going for the big fish. However, ransomware newcomer Mogilevich is coming out swinging with the claim that it has compromised Epic Games and made off with a good handful of data...
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Over the past couple of years, the ransomware industry has exploded leading to millions in lost dollars to cybercriminals extorting businesses to regain access and control of their private data. It was thought to have reached a head when the Biden Administration sought to crack down on the threat at the International...
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We know that ransomware has severe negative effects, such as hospitalizing security professionals from the sheer stress stemming from these sorts of attacks. We also know that the threat actors behind these operations are the lowest of the low and will do anything to maintain profit and their nefarious businesses...
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Power management and industrial automation company Schneider Electric (SE) was hit by a ransomware attack this month. With disclosures about the incident becoming available, it would indicate that while this was an isolated attack on SE, it could have repercussions for several companies whose data may have been...
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Through 2022, the LAPSUS$ threat actor group went on a tear, breaching companies like NVIDIA, Samsung, Microsoft, and Rockstar. The latter of these breaches resulted in quite a bit of game leaks related to GTA IV, revealing details that would later be confirmed in the official GTA IV trailer. Some, if not all, of the...
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In the threat intelligence and cybersecurity space, an interesting development has unfolded over the past few days regarding BlackCat or ALPHV, the group behind the Reddit security breach and the more recent 23AndMe data breach. It initially appeared as though the FBI had seized the group’s website, though BlackCat...
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The developer of Ethyrial: Echoes of Yore, Gellyberry Studios, has been hit by a ransomware attack, leading to the loss of 17,000 player accounts, the studio announced on their Discord server. The game is described as “a hardcore old-school MMORPG for players not afraid of challenge, risk, and adventure. Band together...
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Ransomware gang BlackCat, otherwise known as ALPHV, is after the public spotlight following the Reddit data breach debacle earlier this year. Now, the group has breached another organization with MeridianLink and is causing a stir by filing a complaint with the Securities and Exchange Commission (SEC) to try and spur...
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The Lockbit ransomware group has breached a number of high-profile organizations and companies, such as TSMC in Taiwan, which is effectively the global leader in silicon production. Most recently, though, the international aeronautic and telecommunications company Boeing seemingly fell victim to the group, and...
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Caesars Entertainment Inc. has paid off a $15 million ransom held by a hacker group to prevent sensitive client data from being sold on the dark web. The casino group was hacked a few weeks ago and is seemingly working hard to mitigate the problem.
In an SEC (Securities and Exchange Commission) filing, Caesar...
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Microsoft’s traditional Patch Tuesday has arrived, bringing with it a slew of security fixes for 130 vulnerabilities and two published advisories. This update comes at the perfect time, as threat actors have been exploiting some of these vulnerabilities for espionage against defense and government organizations in...
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Just under five years ago, chip manufacturer Taiwan Semiconductor Manufacturing Company, otherwise known as TSMC, was hit by the WannaCry ransomware, thereby crippling production and shutting down plants. Now, the company has purportedly had its data stolen in a new attack thanks to an affiliate of the ransomware gang...
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