After suffering a ransomware attack last October that left several systems inaccessible, mailing equipment manufacturer Pitney Bowes reports that it recently blocked another ransomware attack before any data was encrypted and says there's "no evidence of further unauthorized access to our IT systems."
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million, according to the company's latest financial report. The company has said that the Maze ransomware gang was behind the attack.
Ransomware, phishing, extortion scams - they all are
using COVID-19 themes. But socially engineered attacks
were already on the rise before the pandemic, say Olesia
Klevchuk and Nishant Taneja of Barracuda, who share
insights on the evolution of cloud-based email defenses.
Download this eBook to learn more...
The latest edition of the ISMG Security Report analyzes the rising costs of ransomware attacks and the latest victims. Also featured: An assessment of Australia's new contact-tracing app designed to help battle the spread of COVID-19, and a discussion of applying the "zero trust" model to the remote workforce.
The average ransom paid by victims to ransomware attackers reached $111,605 in the first quarter of this year, up 33% from the previous quarter, reports ransomware incident response firm Coveware, which sees the Sodinokibi, Ryuk and Phobos malware families continuing to dominate.
Many attackers continue to camp out in networks for months, conducting reconnaissance and stealing sensitive data before unleashing ransomware. Experts say many recent efforts trace to gangs wielding the RobbinHood, Valet Loader, NetWalker, PonyFinal, Maze and Sodinokibi strains of crypto-locking malware.
The gang behind Black Rose Lucy malware, which targets Android users, has added ransomware capabilities, according to Check Point Research. The malware, which dates back to 2018, originally was designed as a malware-as-a-service botnet and dropper for other malicious code.
Observations gained from the front lines of Incident Response and Proactive Services in 2019 and insights that matter for 2020
The year 2019 ushered in a host of new adversaries, new attack methods and new challenges for the cybersecurity industry. The CrowdStrike® Services team faced these trials head-on, across...
IT services and consulting giant Cognizant is still assessing the damage from a ransomware attack on Friday. And it's warning that the incident is disrupting services to some of its clients and could affect the company's revenue.
A year in cybersecurity is marked by how disruptive the activity observed was - not just from a destructive standpoint, but also from the perspective of how day-to-day life was affected across major industries. The 2020 CrowdStrike Global Threat Report offers one of the industry's most comprehensive reports on today's...
The ransomware threat has scaled up to match the new remote workforce. But have backup policies and incident recovery procedures improved to keep pace? David Shaw and John Bilotti of Nasuni share tips on ransomware recovery, remote file-sharing and business continuity.
Many criminals are continuing to tap cybercrime platforms and services to make it easier to earn an illicit paycheck, sometimes by combining tools, such as Emotet, Ryuk and TrickBot. This "loader-ransomware-banker trifecta has wreaked havoc" in recent years, says security firm Intel 471.