Organizations in the Financial Services Industry (FSI) are doing a rather poor job at preventing cyberattacks, new research by Synopsys shows. The majority of FSI organizations have suffered a cyberattack that caused system failure and downtime (56%) or have had threat actors steal sensitive customer data (51%). Ransomware infections or

ESET researchers have detected a new Andoid ransomware campaign that spreads via links posted on online forums including the popular social media platform Reddit, as well as via SMS messages. The attackers are distributing various links on different forums, with the most notable example being one that promotes a sex

State and local governments need to bolster their cybersecurity defenses in order to weather the ransomware storm that is currently sweeping across the United States, four government organizations warned in a joint statement[pdf] released earlier this week. The Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA), the National

The Georgia Department of Public Safety (DPS) is the latest addition to the already disturbingly long list of US government entities that have fallen victim to a ransomware attack in the past year. The DPS network was infected with ransomware on 26 July, forcing the agency to take all IT

In the three years since its launch, Europol’s No More Ransom initiative has helped over 200,000 ransomware victims regain access to their files without paying the attackers, thereby preventing $108 million in ransom payouts. No More Ransom offers 109 different decryptor tools, 14 of which were added in 2019. The

A recent string of ransomware attacks on school districts in Louisiana has prompted Governor John Edwards to declare a state of emergency over the cyber threat. Under the declaration, local governments can request assistance from cybersecurity experts from various state agencies. According to a statement by Edwards’ office, ransomware attacks

A Thursday incident in Johannesburg, South Africa that left some residents without power serves as a grave reminder of the destructive potential of ransomware. City Power, a local pay-as-you-go power provider owned by the city, had its network infected with file-encrypting malware that rendered many of its services unavailable. Johannesburg

Global losses to cybercrime total $1.5 trillion per year, which amounts to $2.9 million per minute, a new report by RiskIQ shows. Some of the largest companies are losing $25 each minute due to security breaches. Phishing campaigns accounts for losses of $17,700 per minute and ransomware attacks are expected to

New research by SonicWall indicates that threat actors are increasingly abandoning traditional attacks like malware and phishing campaigns in favor of more sophisticated, encrypted attacks. While malware campaigns declined by 20% and phishing by 18% this year, encrypted attacks have surged by 76%. Ransomware increased by 15%, in large part

A new US Signal survey conducted among IT professionals ranks the top threats to organizations as DDoS (43%) ransomware (33%) and zero-day malware attacks (19%). DDoS attacks have hit a staggering 83% of organizations in the past two years and just over half of firms (51%) were attacked more than