24 Jul 2019

Survey: Only Half of Organizations Believe They Can Stop Cyber Attacks

A new global survey conducted by CyberArk indicates that half of organizations have little confidence in their cyber defenses and actually believe that threat actors can break into their networks whenever they want to. When it comes to threats to their critical assets, organizations are mostly worried about hackers (78%),

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22 Jul 2019

Ransomware Attacks Grow Rampant, Paying Still Not a Good Option

A string of recent ransomware attacks across the United States confirms that this threat is rapidly getting out of hand, especially for public sector entities: Last week, various systems of Henry County, Georgia were infected with ransomware. The incident impacted the budgeting and procurement systems, and the Planning and Zoning

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18 Jul 2019

Cyber Threats to Parks and Rec: There are things we should all be doing to minimize risks to government of ransomware

So much attention has been paid to “election hacking” and the like in recent years, analysts and commentators have effectively forgotten an equally if not more pressing threat to American government at all levels: ransomware. We cannot fix the reading comprehension problems and poor critical thinking skills of more than half the nation’s population, but we can make serious progress against those who would make us digital hostages.

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17 Jul 2019

FBI Releases Master Decryption Keys for GandCrab Ransomware

The FBI has released the master decryption tools for the Gandcrab Ransomware versions 4, 5, 5.0.4, 5.1, and 5.2 “in order to facilitate the development of additional decryption tools,” the agency stated. Last month, a collaborative effort by Bitdefender, the FBI and law enforcement agencies from various European countries lead

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17 Jul 2019

Ryuk, Sodinokibi Ransomware Responsible for Higher Average Ransoms

A new Coveware report indicates that ransomware actors demanded significantly higher payments from victims in the second quarter of this year than was true for the first three months. The average ransom payment in Q2 was $36,295, which is a 184% increase compared to the previous quarter, when the average

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16 Jul 2019

Failures in Cybersecurity Fundamentals Still Primary Cause of Compromise: Report

Researchers with Secureworks warn that while threat actors are targeting firms with increasingly sophisticated attack campaigns, “the same issues and security gaps are blighting organizations’ ability to identify and respond to threats.” Common shortcomings in cybersecurity programs still include basic issues like poor visibility, lack of multi-factor authentication (MFA), and

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16 Jul 2019

Meet DoppelPaymer, BitPaymer’s Ransomware Lookalike

A new ransomware strain detected by CrowdStrike researchers closely resembles the BitPaymer ransomware used by the Indrik Spider group. The new variant, dubbed DoppelPaymer, emerged on the scene in June of this year and has been targeting organizations in campaigns involving large ransom demands. The researchers believe the threat actor

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15 Jul 2019

La Porte County Pays $130,000 Ransom To Ryuk Ransomware

Just days after the United States Conference of Mayors took a united stance “against paying ransoms in the event of an IT security breach,” another local government in the United States announced that it recently paid a significant sum to ransomware attackers in order to regain access to its data.

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12 Jul 2019

US mayors group adopts resolution not to pay any more ransoms to hackers

Earlier this week, the United States Conference of Mayors took a united stance “against paying ransoms in the event of an IT security breach.” A nonbinding resolution unanimously adopted by the organization states that “paying ransomware attackers encourages continued attacks on other government systems, as perpetrators financially benefit.” The Conference

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12 Jul 2019

Gone phishing: Why summer brings increased security threats to the enterprise

A new report by LastLine shows that cyber risk may be highest during the summer months, with 30.5% of respondents indicating they see more cyber threats during the summer compared to the rest of the year. However, 47.1% said they did not notice seasonal attack trends. As to the specific

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