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Banning Ransom Payments and Unleashing Offensive Hacking Teams Being Mooted With ransomware continuing to fuel a massive surge in illicit profits, some experts have been calling on governments to launch offensive hacking teams to target cybercrime cartels.
Committee Chairs Accuses UK of Favoring an 'Ostrich Strategy' For Ransomware The Conservative government of British Prime Minister Rishi Sunak says it won't champion a reinsurance plan for cyber insurance similar to flood insurance, telling a parliamentary committee it doesn't want to "damage competition."
Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. Today, this tactic has evolved, where ransomware operators in nearly every case first exfiltrate sensitive data and then threaten to publicly expose it if a ransom demand is not paid.
The Australian government announced sanctions for a member of the REvil ransomware group for the Medibank hack that occurred in 2022. The Australian government announced sanctions for Aleksandr Gennadievich Ermakov (aka GustaveDore, aiiis_ermak, blade_runner, JimJones), a Russian national who is a member of the REvil ransomware group.
GAO Report Summarizes Market Trends The increasing number of cyberthreats, especially ransomware attacks, is leading some cyber insurers to raise premiums and limit some coverage in hard-hit sectors, such as healthcare and education, according to a report from the Government Accountability Office.
Companies victimized by ransomware and firms that facilitate negotiations with ransomware extortionists could face steep fines from the U.S. federal government if the crooks who profit from the attack are already under economic sanctions, the Treasury Department warned today. Image: Shutterstock.
Electronic prescription provider MediSecure in Australia suffered a ransomware attack likely originate from a third-party vendor. The company was forced to shut down its website and phone lines following a cyber attack, but it did not mention a ransomware attack. ” reported ABC. million customers.
Government computer systems at La Porte County, Indiana, were shut down after a cyber attack hit them on July 6. Experts believe it was a ransomware attack. On July 6, a cyber attack brought down government computer systems atLa Porte County, Indiana. Copyright (C) 2014-2015 Media.net Advertising FZ-LLC All Rights Reserved -->.
healthcare organizations of targeted ALPHV/Blackcat ransomware attacks. healthcare organizations of targeted attacks conducted by ALPHV/Blackcat ransomware attacks. The advisory updates to the FBI FLASH BlackCat/ALPHV Ransomware Indicators of Compromise released on April 19, 2022 and on December 19, 2023.
Bleeping Computer last week reported that Johnson Controls International has suffered a ransomware attack that impacted many systems of the company. Threat actors initially breached the systems at Asia offices, the ransomware also targeted the VMware ESXi servers. reported Bleeping Computer. ” reads the article published by CNN.
Kentucky health system Norton Healthcare disclosed a data breach after it was a victim of a ransomware attack in May. Norton Healthcare disclosed a data breach after a ransomware attack that hit the organization on May 9, 2023. The security breach exposed personal information belonging to patients, employees, and dependents.
Medusind did not share details about the attack, it is unclear if the company was the victim of a ransomware attack. At this time, not ransomware gang claimed responsibility for the attack. The information impacted varies by individual.
On March 21, the Maze ransomware operators published some of the stolen files on their “leak site,” after the refusal of the research firm of paying the ransom. The attack took place on March 14th, 2020, when the Maze Ransomware operators exfiltrated data from the HMR’s network and then encrypt their systems.
As ransomware becomes more common, I’m seeing more discussions about the ethics of paying the ransom. Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. However, the most pressing challenge currently facing the industry is ransomware.
FBI and DHS’s CISA have published a joint alert on DarkSide ransomware activity after the disruptive attack on Colonial Pipeline. FBI and DHS’s CISA have published a joint alert to warn of ransomware attacks conducted by the DarkSide group. The group provides Ransomware-as-a-Service (RaaS) to a network of affiliates.
PerCSoft , a Wisconsin-based company that manages a remote data backup service relied upon by hundreds of dental offices across the country, is struggling to restore access to client systems after falling victim to a ransomware attack. The ransomware attack hit PerCSoft on the morning of Monday, Aug. West Allis, Wis.-based
Colonial Pipeline discloses a data breach of the personal information of thousands of individuals after the ransomware attack that took place in May 2021. Colonial Pipeline has started notifying more than 5000 people that had their personal information compromised after a ransomware attack that took place in May. Source WSJ.
healthcare giant Change Healthcare has made a $22 million extortion payment to the infamous BlackCat ransomware group (a.k.a. BlackCat is known as a “ransomware-as-service” collective, meaning they rely on freelancers or affiliates to infect new networks with their ransomware. There are indications that U.S.
A BlackCat ransomware attack hit UnitedHealth Group subsidiary Optum causing an outage impacting the Change Healthcare payment exchange platform. A ransomware attack hit the UnitedHealth Group subsidiary Optum leading to an outage impacting the Change Healthcare payment exchange platform. ” reads the Reuters.
The consulting firm PricewaterhouseCoopers recently published lessons learned from the disruptive and costly ransomware attack in May 2021 on Ireland’s public health system. The unusually candid post-mortem found that nearly two months elapsed between the initial intrusion and the launching of the ransomware.
Firms Back New Guidance for Victims From UK's National Cyber Security Centre A coalition of cyber insurance associations has pledged to back fresh government cybersecurity guidance designed to help victims avoid ever paying a ransom, as part of an ongoing push to reduce ransomware's profitability for criminals in part by improving organizations' resilience (..)
The City of Dallas revealed that the Royal ransomware gang that hit the city system in May used a stolen account. In May 2023, a ransomware attack hit the IT systems at the City of Dallas , Texas. CBS News Texas obtained an image the ransomware note dropped by the malware on the infected systems. ” continues the report.
The city of Racine joins to the long string of US municipalities that were hit with ransomware attack, it was forced offline following the infection. The city of Racine, Wisconsin, was hit with a ransomware, the incident took place on January 31, 2020. ” reported the GovernmentTechnology website.
An Alabama hospital chain announced to have restored normal operation after paying the ransom request by crooks that infected its systems with ransomware. A hospital chain in west Alabama was recently hit by a ransomware attack that paralyzed its systems. ” reads the post published by the Associated Press. .
MCNA Dental is one of the largest US dental care and oral health insurance providers. The security breach exposed the personal information of current or former provider of dental/orthodontic care to members of certain state Medicaid and Children’s Health Insurance Programs, for which MCNA provides dental benefits and services.
authorities have seized the darknet websites run by LockBit , a prolific and destructive ransomware group that has claimed more than 2,000 victims worldwide and extorted over $120 million in payments. “I don’t think this is an accident—this is how ransomware groups talk to each other,” Stockley said.
The university did not share details about the attack, however, the Interlock ransomware gang claimed responsibility for the security breach. The ransomware group claimed the theft of 2.6 terabytes of data, including patient data, medical research, and a large set of SQL databases.
The Conti ransomware gang is using BazarCall phishing attacks as an initial attack vector to access targeted networks. BazarCall attack, aka call back phishing, is an attack vector that utilizes targeted phishing methodology and was first used by the Ryuk ransomware gang in 2020/2021. ” concludes the report published by Advintel.
banking regulators this week approved a rule that obliges banks to report any major cybersecurity incidents to the government within 36 hours of discovery. The rule was approved by the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency. Pierluigi Paganini. banking).
Delaware County, Pennsylvania opted to pay a $500,000 ransom after it was the victim of a DoppelPaymer ransomware attack last weekend. During the last weekend Delaware County, Pennsylvania, was the victim of a DoppelPaymer ransomware attack that brought down part of its network. ” reported BleepingComputer.
In a press statement, the Ministry said that systems have been restored to their backups including systems at Kuwait Cancer Control Center and administrative systems, like the health insurance and expatriate check-up systems.” At this time, no ransomware group has taken credit for the cyber incident.
Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. According to the cyber security community, NotPetya is a cyber weapon develped by Russia to hit the Ukrainian government. SecurityAffairs – Mondelez, cyber insurance).
On July 6, a ransomware attack brought down government computer systems at La Porte County, Indiana, finally, the county decided to pay $130,000 ransom. Now La Porte County decided to pay $130,000 to recover data on systems infected with the ransomware. ” reported the WSBT. The Ryuk virus got into the backup servers.”
Kootenai Health suffered a data breach impacting over 464,000 patients following a 3AM ransomware attack. Kootenai Health disclosed a data breach impacting over 464,088 patients following the leak of their personal information by the ThreeAM (3AM) ransomware gang. 3AM is a brand new ransomware written in Rust.
Organizations in the throes of cleaning up after a ransomware outbreak typically will change passwords for all user accounts that have access to any email systems, servers and desktop workstations within their network. VCPI) was hit by the Ryuk ransomware strain. In mid-November 2019, Wisconsin-based Virtual Care Provider Inc.
The Riviera Beach City, Florida, agreed to pay $600,000 in ransom to decrypt its data after a ransomware-based attack hit its computer system. The Riviera Beach City Council voted unanimously to pay $600,000 in ransom to decrypt its records after a ransomware attack hit its systems. “The payment is being covered by insurance.”
The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.
Ransomware Attacks: In 2023, a whopping 72.7% of organizations faced ransomware. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 US Sanctions Iranian Officials : The US government sanctioned six Iranian officials in response to cyber attacks on an Israeli PLC vendor.
One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance. These activities aren’t typically included in standard business insurance policies, which tend to only cover costs related to technical issues, such as corrupted hard drives and lost devices. million) to respond to a ransomware attack.
In March 2020, KrebsOnSecurity alerted Swedish security giant Gunnebo Group that hackers had broken into its network and sold the access to a criminal group which specializes in deploying ransomware. Reached by phone today, Jansson said he quit the company in August, right around the time Gunnebo disclosed the thwarted ransomware attack.
The company did not provide details about the attack, but the Conti ransomware gang claimed responsibility for the attack and included the firm in the list of its victims on the leak site since November 2021. SecurityAffairs – hacking, ransomware). Follow me on Twitter: @securityaffairs and Facebook. Pierluigi Paganini.
A few days ago, Riviera Beach City agreed to pay $600,000 in ransom, now a Lake City, another city in Florida, agreed to do the same after a ransomware attack. Lake City is a small city in Florida with a population of 65,000 that was hit by ransomware earlier on June 10. SecurityAffairs – Lake City, ransomware).
CNA Financial (March 2021) – CNA Financial, one of the largest insurance companies in the US, reportedly paid a $40 ransom to restore access to its files following a ransomware attack that took place in March. The pipeline allows carrying 2.5
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