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28 Jul 2023, 5:41 am
Ransomware: Ransomware is a type of malware that encrypts a victim’s files and demands a ransom payment in exchange for the decryption key. [read post]
28 Jul 2023, 5:31 am
This hesitance and the fact that 47% of ransomware victims reportedly paid the ransom raises concern. [read post]
27 Jul 2023, 5:51 am
These attacks can lead to unauthorized access, data theft, or even ransom demands. [read post]
27 Jul 2023, 5:02 am
These threats include: Ransomware: Malicious software that encrypts data and demands a ransom for its release. [read post]
26 Jul 2023, 9:01 pm
., how much ransom the attacker can get).[30] The requirement to file an amended 8-K when new information comes in will provide the attacker regular updates on the company’s progress.[31] The 8-K disclosures also will signal to other would-be attackers an opportune time to attack.[32] The careful drafting necessary to avert some of these problems will be difficult in the four-day filing timeframe.[33] The release at least acknowledges these possible adverse consequences of the new… [read post]
26 Jul 2023, 8:00 am
In March 2022, President Joe Biden signed the Cyber Incident Reporting for Critical Infrastructure Act, or CIRCIA, which authorizes CISA to develop and implement regulations requiring covered entities to report certain cyber incidents and ransom payments to CISA (CISA.gov/circia). [read post]
21 Jul 2023, 9:05 am
Axon sued for infringement of the Taser word and design marks and for holding Taser-related domain names for ransom. [read post]
15 Jul 2023, 8:21 am
There has also been an increase in kidnappings, including kidnappings for ransom. [read post]
15 Jul 2023, 8:03 am
Similarly, the Secretary of State for Transport, Grant Shapps, stated that this law would disable the unions from holding the country to ransom through the threat of industrial action and tapping into the agency workers will cause “less disruption” in day-to-day life. [read post]
10 Jul 2023, 10:00 pm
Scrutinize the key coverage implications for ransomware losses under stand-alone cyber insurance policies. [read post]
7 Jul 2023, 12:03 pm
A significant proportion of these incidents, about 54%, were ransomware attacks, often with a devastating double impact: not only did they hold essential systems and data to ransom, but they frequently resulted in data breaches or thefts, with a staggering 43% of ransomware incidents coupled in this way. [read post]
5 Jul 2023, 7:45 am
If you’re wondering how the new system is working out, according to one report, it has resulted in asylum seekers on the Mexican side of the Laredo port of entry being robbed, kidnapped, and held for ransom.10 Another article described how some of those “lucky” enough to have obtained CBPOne appointments at Laredo claimed “that Mexican officials in Nuevo Laredo, across the border from Laredo, Texas, had threatened to hold them and make them miss their scheduled… [read post]
29 Jun 2023, 7:36 am
Ransome and Mr. [read post]
23 Jun 2023, 10:37 am
In March, a ransomware attack was launched against another wind turbine maker, in which the hackers locked down their systems and sought a ransom. [read post]
21 Jun 2023, 7:52 am
Organized crime Organized crime is a large enterprise used to participate in illegal activities, such as fraud, theft, kidnapping for ransom, etc. [read post]
21 Jun 2023, 5:20 am
This week, it rolled out some impressive claims about the cyber value of 702, including 702's role in identifying the Colonial Pipeline attackers (and getting back some of the ransom). [read post]
16 Jun 2023, 11:23 am
According to the criminal complaint, LockBit actors have issued over $100 million in ransom demands and received tens of millions of dollars in bitcoin payments. [read post]
16 Jun 2023, 2:51 am
CLOP, the ransomware gang allegedly responsible, has demanded ransom from its victims. [read post]
15 Jun 2023, 11:31 am
Although there has been a decrease in the average costs of ransom paid by organizations, there has been, according to Coveware, a “measurable increase in the number of large public companies that sustained catastrophic levels of encryption and subsequent business interruption” resulting from the rise of cyberattacks in recent months. [read post]
14 Jun 2023, 2:26 am
Afghans fleeing the Taliban are being kidnapped and tortured by gangs who aim to extract a ransom as they try to cross the border between Iran and Turkey on their way to Europe. [read post]
