Tag: ransomware

Here you will find all the articles with the tag: ransomware.

Ransomware victims increasingly refuse to pay

Ransomware victims increasingly refuse to pay

Victims of ransomware attacks are less likely to pay cybercriminals to release the encrypted or stolen data. This is according to Coveware research in a quarterly report. The researchers state that in the first quarter of 2024, 28 percent of companies affected by ransomware paid the requested ra... Read more

date2 days ago
LockBit falters under pressure from competitors and copycats

LockBit falters under pressure from competitors and copycats

LockBit has been claiming a hefty share of ransomware damage for years. Now the criminal organization is in danger of being pushed away by competing gangs and malicious actors that imitate them. When LockBit was targeted by Europol and other authorities in February, the impact on the cybercrime ... Read more

date13 days ago
Four-year sentence for hacker of LockBit ransomware group

Four-year sentence for hacker of LockBit ransomware group

A cybercriminal has been sentenced to four years in prison. The man deployed LockBit ransomware software and was involved in the activities of the ransomware group. A key member of the LockBit ransomware group has been sentenced to four years in prison, Canadian broadcaster CTV News reports. A ... Read more

date1 month ago
LockBit returns with updated encryptors and new servers

LockBit returns with updated encryptors and new servers

LockBit restarted its operations after receiving a crackdown from police forces last week. The ransomware group launched a new website over the weekend to extort the victims it makes. However, the conclusion about the international action against LockBit is positive. How does the operation impact t... Read more

date2 months ago
Update: Schneider Electric hit by Cactus ransomware

Update: Schneider Electric hit by Cactus ransomware

Update 20/02/2024 - The Cactus hackers claim to have stolen 1.5TB of data. As proof, they leaked 25MB of the data on the dark web. They also published snapshots of US citizens' passports and scans of documents with a non-disclosure agreement. Original - French multinational Schneider Electric ha... Read more

date2 months ago
Ransomware payments reach record high: more than 1 billion euros

Ransomware payments reach record high: more than 1 billion euros

Last year, more than $1.1 billion (€1 billion) in ransom payments were made following a cyber attack. This beats the record from 2021. This is according to figures from Chainalysis. In 2021, ransomware payments amounted to $983 million, but the following year saw a significant drop. The amount... Read more

date3 months ago
1 2 3 30