Ferrari has disclosed a data breach
The breach compromised some of Ferrari's IT systems, after which the company received a ransom demand from hackers. The hackers claimed they accessed several systems in Ferrari's IT environment.
In breach notification letters sent to customers, Ferrari regretted the incident and informed them th... Read more
‘One in three C-level managers are willing to pay after ransomware’
More than a third of Dutch C-level managers believe their organization should pay up after a ransomware attack. The opinion contradicts the advice of security professionals worldwide.
Sophos interviewed C-level managers on ransomware. The survey is troubling. 36 percent believe their organizatio... Read more
Enterprises have to deal with more one-two-punch extortionists
During this year’s Black Hat USA event, experts have warned that the adoption of double-extortion attacks against organizations is on a rising trend. The warning comes after this year saw Kaseya, JBS, and Colonial Pipeline, among the most affected companies targeted by cybercriminals.
Ransomwa... Read more
Meat processor JBS paid REvil $11 million after a ransomware attack
Another day, another company pays a ransom to get their network back. That only encourages the cybercriminals to continue targeting even more companies. The most recent news involves the global meat processing company JBS.
The company was in the news on June 1 when it was hit by a ransomware att... Read more
Worldwide ransom DDoS extortionists return in a new wave of attacks
Security researchers have revealed that a ransom DDoS campaign is underway, targeting organizations all over the world. A cybersecurity alert by Radware indicates that the first wave of these attacks started in August. However, the DDoS campaigns were aimed at companies again, in the last week of D... Read more
Cybercriminals target top executives to force ransom payment
Ransomware gangs are now going after top executives, they aim to get access to their laptops and workstations to steal data from them, in the hope that what they find will be more valuable and hopefully pressure the companies involved to pay a ransom.
This trend is relatively new and operates on... Read more
2021 has its first new form of ransomware called Babuk Locker
A new form of ransomware has already emerged and we are not even a week into 2021. Babuk Locker is the name given to the new variant. The first details came out last weekend from Chuang Dong.
The ransomware has its SHA256 encryption (called ChaCha8) implemented and uses the Elliptic-curve Diffie... Read more
MountLocker ransomware is now spreading via criminal affiliates
Security researchers at Blackberry say that a new strain of ransomware has popped up that uses affiliates to spread malware. Since July, the researchers say that MountLocker has been available as ransomware-as-a-service (RaaS) and was updated this November to broaden the file types it targets and h... Read more
Ransomware gangs are cold-calling victims to stop them from using backups
Ransomware gangs have been cold-calling victims if they suspect their targets are attempting to restore their systems from backups without paying the ransom. The cold-calling tactics are meant to put pressure on the victims to pay instead of seeking other alternatives.
Evgueni Erchov, the direct... Read more
Ransomware success is driven by victims who pay the ransom
Over a quarter of organizations that have been paralyzed by ransomware attacks choose to pay the ransom. They do this because they don't have any other options than to accept the demands of the criminals targeting them. The average ransom amount is now more than 1 million dollars.
A study by Cro... Read more