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Network Encryption Keeps Our Data in Motion Secure for Business Services

Thales Cloud Protection & Licensing

Network Encryption Keeps Our Data in Motion Secure for Business Services madhav Tue, 07/25/2023 - 04:59 The demand for high-speed networks and fast data transfers is increasing due to cloud adoption, digital transformation, and hybrid work. Why do you need network encryption in business services?

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LockFile Ransomware uses a new intermittent encryption technique

Security Affairs

Recently emerged LockFile ransomware family LockFile leverages a novel technique called intermittent encryption to speed up encryption. Sophos researchers discovered that the group is now leveraging a new technique called “intermittent encryption” to speed up the encryption process.

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8Base ransomware operators use a new variant of the Phobos ransomware

Security Affairs

Phobos variants are usually distributed by the SmokeLoader , but in 8Base campaigns, it has the ransomware component embedded in its encrypted payloads. The group has been active since March 2022, it focused on small and medium-size businesses in multiple industries, including finance, manufacturing, business services, and IT.

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Experts warn of a spike in May and June of 8Base ransomware attacks

Security Affairs

The group has been active since March 2022, it focused on small and medium-size businesses in multiple industries, including finance, manufacturing, business services, and IT. The experts observed a massive spike in activity associated with this threat actor between May and June 2023. and Brazil.

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New LockFile ransomware gang uses ProxyShell and PetitPotam exploits

Security Affairs

.” The victims of the Lockfile ransomware gang are in the manufacturing, financial services, engineering, legal, business services, and travel and tourism sectors. Once encrypted the files, the ransomware will append the .lockfile lockfile extension to the encrypted file’s names.

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UK Suffers Third Highest Rate of Ransomware Attacks in the World

IT Governance

The other most vulnerable sectors were business services (23), construction (22), manufacturing (19) and transport (18). By opening the file, the employee unleashes the ransomware and sets in motion an irreversible process whereby sensitive files across the system are encrypted.