25 Mar 2019

Norsk Hydro will not pay ransom demand and will restore from backups

Norwegian aluminum giant Norsk Hydro has said that it will not be paying the ransom demanded by the threat actors behind the malware that infected the company’s systems last week. The severe cyberattack forced Norsk Hydro to switch to manual operations, but the company has hired security experts with Microsoft

Read More
22 Mar 2019

UK Police Federation Hit by Ransomware

No organization is safe from cybercrime, including the police. Earlier this month, the UK’s Police Federation of England and Whales (PFEW) was targeted in a ransomware attack. After a system alert notified the PFEW of an ongoing attack at the department’s Surrey headquarters, it quickly isolated the infection, thereby preventing

Read More
11 Mar 2019

Georgia county pays a whopping $400,000 to get rid of a ransomware infection

After the internal network of Jackson County, Georgia was infected with ransomware on March 1, the county paid the threat actors a ransom of $400,000 to receive a decryption key. When the ransomware attack locked county personnel out of their systems, causing all of them to go down except for

Read More
05 Mar 2019

Microsoft Sees 250% Phishing Increase, Malware Decline by 34%

The 24th volume of Microsoft’s Security Intelligence Report shows that phishing surged in 2018. The detected 250% increase in phishing attacks last year confirms similar findings of other recent studies. The research also confirmed that threat actors are moving away from ransomware and malicious software (malware) in general, as malware

Read More
05 Mar 2019

Experian: More Than a Third of Companies are Unprepared to Respond to a Data Breach

New research by Experian shows that companies are still falling short when it comes to cyber security disaster preparedness. The study found that just over one-third of business executives (36%) believes their organization is ready to respond to a data breach involving business confidential information and intellectual property, even though

Read More
27 Feb 2019

Attackers Continue to Focus on Users, Well-Worn Techniques

Two new research reports indicate that threat actors mostly rely on traditional techniques, including phishing and credential stuffing, to target organizations. Trend Micro’s yearly security report for 2018 shows that the company detected 82% more phishing URLs in 2018 than it did the year before. The other report, a Rapid7

Read More
21 Feb 2019

Mistaken For North Koreans, The ‘Ryuk’ Ransomware Hackers Are Making Millions

According to a new report by McAfee and Coveware, the threat actors behind Ryuk, a highly successful ransomware strain, are not North Korean hackers as was previously suspected. Instead, researchers now believe that hackers from at least two and perhaps even more cybercrime groups are orchestrating the Ryuk infections. The

Read More
15 Feb 2019

Increasing Involvement of Nation-states in Ransomware Attacks

New research by Recorded Future projects an increase of nation-state involvement in ransomware attacks. Researchers expect that ransomware attacks will be increasingly carried out by countries that are subject to harsh sanctions, such as North Korea, to generate revenue. Another possibility is the deployment of ransomware strains by state-backed hackers

Read More
08 Feb 2019

Ransomware Attack Via MSP Locks Customers Out of Systems

Earlier this week, an unidentified threat actor managed to launch a massive ransomware attack resulting in the encryption of between 1,500 to 2,000 endpoint devices belonging to users of a single US managed service provider (MSP). The MSP was subsequently urged to pay a ransom of $2.6 million to have the systems

Read More
30 Jan 2019

Theoretical Ransomware Attack Could Lead to Global Damages Says Report

A new report by Cambridge University, Nanyang Technological University, Lloyd’s, Aon, MSIG, and SCOR TransRe, describes the effects of a hypothetical global ransomware attack of unprecedented scale. According to the speculative cyber risk scenario, over 600,000 organizations around the globe would be impacted by a ransomware strain in less than 24 hours. The attack

Read More