Hacked-off patients are suing New Jersey healthcare organization Hackensack Meridian Health for damages after it suffered a ransomware attack last December and paid attackers an unspecified ransom to unlock its systems.
Cybercrime led to $3.5 billion in losses in the U.S. last year, with a sharp uptick in business email compromise scams - which accounted for nearly half those losses, according to a newly released FBI Internet Crime Report, which is based on complaints the FBI received.
State government officials told a Senate committee this week that more federal resources are needed to help states combat security cyberthreats, including ransomware. They also asked federal officials to share more information on looming security issues.
Ransomware brings a business to a screeching halt every 11 seconds, making it the most pervasive and destructive malware threat out there.
Savvy businesses know that it's not about whether a ransomware attack will occur, but when. With fast-evolving ransomware strains, protecting your business means it is...
Ekans, a recently discovered ransomware variant that's designed to target industrial control systems, appears to have some of the same characteristics found in Megacortex, malware that struck several high-profile targets in 2019, according to the security firm Dragos.
Australian transportation and logistics firm Toll Group has confirmed that it sustained a ransomware attack earlier this month that has forced the company to shut down several of its systems and led to delays in deliveries.
More bad news for ransomware victims: Anyone hit with crypto-locking DoppelPaymer malware now faces the prospect of having their personal data dumped on a darknet site unless they pay a ransom. The gang's move follows in the footsteps of Maze, Sodinokibi (aka REvil) and Nemty ransomware operators.
The National Institute of Standards and Technology has unveiled a pair of draft practice guidelines that offer updated advice and best practices on how to protect the confidentiality, integrity and availability of data in light of increasing threats from ransomware and other large-scale cyber events.
After a hiatus, TA505 - a sophisticated APT group that has targeted financial companies and retailers in several countries, including the U.S. - has returned with a campaign that uses HTML redirectors to deliver malicious Excel documents, according to Microsoft and other security researchers.
A federal judge has ruled that an insurer providing a "business owner's insurance policy" to a company that sustained a ransomware attack and was forced to replace most of its IT infrastructure must pay for the damages the security incident caused.
Bad news on the ransomware front: Victims that choose to pay attackers' ransom demands - in return for the promise of a decryption tool - last quarter paid an average of $84,116, according to Coveware. But gangs wielding Ryuk and Sodinokibi - aka REvil - often demanded much more.
FTCODE, a ransomware strain that has been active since at least 2013, has recently been revamped to include new features, including the ability to steal credentials and passwords from web browsers and email clients, according to two research reports released this week.
Maryland lawmakers are considering a bill that would make possession of ransomware a crime punishable by up to 10 years in prison, similar to moves at least two other states have already made. But is such legislation effective?