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

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

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

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

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

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

Security researchers with McAfee have discovered a new ransomware strain dubbed Anatova. The ransomware was found disguised as a game in a peer-to-peer network. Anatova will encrypt files on infected computers and subsequently demand a ransom of around $700 in DASH cryptocurrency (10 coins). The campaign is targeting users around the globe,

The infamous Fallout exploit kit (EK), commonly used in malvertising campaigns, has received a major update and can now deliver GandCrab ransomware. After a brief lull in activity since the end of last year, researchers with Gigamon have spotted a new wave of activity involving the malicious toolbox. The EK

Research by CrowdStrike and FireEye sheds light on the success and modus operandi of Grim Spider, the threat group behind Ryuk ransomware. Over the last six months, Grim Spider has only gone after enterprises, a strategy that seems to be paying off, since the threat actors have already earned about $3,7 million

Last Thursday, The City Hall of Del Rio, Texas suffered a ransomware attack. The City’s M.I.S. (Management Information Services) Department responded to the attack by disconnecting the local network from the Internet and prohibiting staff from logging on to their computers, thereby forcing them to perform their duties using only pen and