A proposed class action lawsuit filed against an accounting firm in the wake of a 2019 ransomware incident that allegedly exposed patient data to potential cybercriminals serves as the latest reminder of the security and privacy risks posed by vendors.
Japanese auto giant Honda has confirmed that it sustained a hack attack earlier this week that has affected production operations at several of its global facilities, including plants in the U.S., Japan, Turkey and Italy. Security researchers suspect ransomware is the likely culprit.
Ransomware gangs keep innovating: Maze has begun leaking data on behalf of both Lockbit and RagnarLocker, while REvil has started auctioning data - from victims who don't meet its ransom demands - to the highest bidder. Thankfully, security experts continue to release free decryptors for some strains.
The prolific Maze ransomware gang has been tied to yet more attacks, including against Singapore-based defense contractor ST Engineering's North American subsidiary, VT San Antonio Aerospace. Separately, the ransomware gang breached systems at nuclear missile contractor Westech.
A sophisticated strain of ransomware called Tycoon has been selectively targeting education and software companies since December 2019, according to a joint report released by BlackBerry and KPMG. Due to its unique development, this crypto-locking malware can target both Windows and Linux systems.
The Maze ransomware gang is hosting and promoting data stolen by other ransomware operators on its "Maze News" website, according to IBM researchers, who are concerned this could be a sign of growing collaboration among cybercrime groups.
Ransomware-wielding attackers are typically breaking into victims' networks using remote desktop protocol access, phishing emails or malware that's sometimes used in drive-by attacks against browsers, experts warn, advising organizations to make sure they have the right defenses in place.
The latest edition of the ISMG Security Report analyzes why cyberattacks against banks have surged in recent weeks. Plus: The increasingly ruthless tactics of ransomware gangs; cybersecurity strategies for small businesses.
Ransomware-wielding criminals are growing increasingly ruthless, based on the size of their extortion demands, their increasing propensity to leak data in an attempt to force victims to pay and their greater focus on taking down big targets. These tactics, unfortunately, appear to be working.
Ransomware, wire transfer fraud, destructive attacks: In recent months, the financial sector has seen these and other online attacks surge by 238% as criminals continue to exploit the pandemic, warns Tom Kellermann of VMware Carbon Black, who shares findings from his firm's third "Modern Bank Heists" report.
The Maze ransomware gang has started releasing payment card data from an attack that happened earlier this year at Banco BCR, the state-owned Bank of Costa Rica. The cybercriminal gang is now threatening to release more of customers' financial data each week.
As ransomware gangs attempt to boost their illicit profits, the RagnarLocker ransomware gang has brought a new tactic to bear: installing a full virtual machine on victims' systems to hide their crypto-locking malware while it forcibly encrypts files, security firm Sophos warns.
The latest edition of the ISMG Security Report features Retired General Keith Alexander, former NSA director, discussing the long-term security implications of the shift to working from home. Also: an update on ransomware gangs leaking data and an analysis of using open source code for app development.
A recent ransomware attack that targeted a law firm that serves celebrities may have been facilitated by a Pulse Secure VPN server that was not properly patched and mitigated against a well-known vulnerability, some security experts say.