Episode #14: Ransomware Attacks and the Impact on Cyber Insurance
The number of ransomware attacks has increased drastically. According to a report from security firm Barracuda, ransomware attacks grew 64% year-on-year between August 2020...
Conti Ransomware Group Reportedly Stole 1.5TB Of Data from JVCKenwood
Multinational electronics firm JVCKenwood admitted that it had been hit by a security incident that affected some of its operations in Europe. The company...
Conti Ransomware Attacks on Rise – CISA, FBI, NSA Issue Joint Alert
Increased use of Conti ransomware in more than 400 attacks on the U.S. and international organizations has been observed by the Cybersecurity and Infrastructure...
BlackMatter Group Demands $5.9 Mn Ransom After Attacking NEW Cooperative
While the Biden administration is severely trying to curb ransomware attacks, threat actors continue to target the critical infrastructures in the country. Farm services...
Singapore Businesses Struggling to Cope with Network and Ransomware Attacks
While Singapore is accelerating its digital transformation capabilities, cybersecurity standards remain a severe concern for organizations in the country. New research from Barracuda Networks...
Immutable Backups are Key to Becoming Resilient Against Ransomware: Veeam
Ransomware groups now prioritize seeking and encrypting data in backups to make the recovery process difficult unless the ransom is paid. That’s why it’s...
South Africa’s Department of Justice Network Under Ransomware Attack
The Department of Justice and Constitutional Development of South Africa admitted that its IT systems and operations were disrupted in a ransomware attack. The...
Indian Organizations Among Most Targeted for Ransomware; Most Pay Ransom
Most news on ransomware attacks is about U.S. organizations. We hear little about ransomware attacks in India, as few organizations report it. That’s not...
This is How Ransomware Gangs Select their Victims
Not all ransomware gangs break into targeted networks. They often purchase access to victims’ networks from other cybercriminal groups and initial access brokers (IABs)...
Ransomware Vulnerabilities That Could Bring Down Your Organization
Today, 266 vulnerabilities are associated with ransomware, and attackers are increasingly exploiting these weaknesses to launch devastating ransomware attacks. Therefore, identifying and remediating these...
