Two signs that the tide may finally, if slowly, be turning on ransomware: The number of victims who choose to pay continues to decline, while the amount they pay - when they choose to do so - recently dropped by one-third, reports ransomware incident response firm Coveware.
Kellogg Community College, or KCC, has resumed operations in all its five campuses - Battle Creek, Albion, Coldwater, Hastings and Fort Custer Industrial Park in Michigan - starting Wednesday. The college management had suspended classes on Monday as the result of a ransomware attack.
As ransomware-wielding attackers continue to target businesses large and small, the organizations that respond best and escape most unscathed from such attacks are those that already have in place well-honed, rehearsed plans, says ransomware expert and attorney Guillermo Christensen of Ice Miller.
The Computer Emergency Response Team of Ukraine and the National Bank of Ukraine are warning of massive DDoS attacks against pro-Ukrainian targets. The intelligence service in Romania, SRI, also warns of a similar type of attack targeting sites belonging to its national authorities.
New cyber incident reporting rules are set to come into effect in the U.S. on May 1. Banks in the country will be required to notify regulators within 36 hours after an organization suffers a qualifying "computer-security incident." What does this mean for banks, and what are the likely challenges?
In this edition, four ISMG editors discuss important cybersecurity issues, including how virtual currency Monero is becoming the main alternative to Bitcoin as the crypto choice for criminals, the challenges involved in an identity-centric Zero Trust approach and how to influence change in culture.
Don't stockpile cryptocurrency in case your organization falls victim to ransomware-wielding attackers and opts to pay a ransom. This might seem obvious to anyone aware of the volatility in Bitcoin's value, but some organizations reportedly used to employ this incident response strategy.
Ransomware attacks have come storming back after experiencing their typical end-of-the year decline. Security researchers report that the greatest number of known victms has been amassed by Lockbit, followed by Conti, Hive and Alphv/BlackCat.
As one of the architects of Israel's offensive Red Team intelligence unit and Incident Response Team, Reuven (Rubi) Aronashvili, CEO of Israeli cybersecurity company CYE, provides a highly informed view of current cyberwarfare in the Russia-Ukraine war, including how it differs from kinetic warfare.
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Ransomware group Stormous, in a Telegram post on Monday, said that it has breached and exfiltrated 161GB worth of critical data from beverage manufacturing giant Coca-Cola. The soft drink company has told Information Security Media Group that it is investigating the claim.
The U.S. government on Tuesday announced a reward of up to $10 million for information pertaining to six alleged Russian military hackers tied to the 2017 NotPetya destructive malware campaign. The malware spread globally, causing commercial damage of up to $10 billion.
The median number of days an attacker dwells in a system before detection fell from 24 days in 2020 to 21 days in 2021, according to a Mandiant report. The biggest year-on-year decline in median dwell time occurred in the APAC region, where it dropped from 76 days in 2020 to 21 days in 2021.
The Emotet botnet, which was disrupted by law enforcement actions in January 2021, has been making its way back in recent months. Cybersecurity researchers at Proofpoint have now recorded a brief departure from its typical behavior, indicating that the group is likely testing new attack techniques.