The prolific Avaddon ransomware-as-a-service operation has announced its closure and released 2,934 decryption keys for free. Has the increased focus by Western governments on combating ransomware been driving this and other operations to exit the fray?
The White House has written to business leaders, urging them to prioritize having robust ransomware defenses in place. The move comes as the Biden administration pursues multiple strategies to combat ransomware and digital extortion, including ordering a new task force to coordinate all federal investigations.
The latest edition of the ISMG Security Report details the ongoing wave of ransomware attacks, including the disruption of JBS, the world's largest supplier of meat. Also featured are police busting criminals who formerly used the EncroChat communications network and the strategies for filling the cyber skills gap.
The FBI has attributed the ransomware attack against meat processing giant JBS to the REvil - aka Sodinokibi - ransomware-as-a-service operation. Security experts say the operation, which dates from 2019, appears to be run from Russia, and has been hitting increasingly large targets.
A newly uncovered ransomware variant dubbed 'Epsilon Red' is targeting organizations in the U.S. hospitality sector, with the threat actor successfully extorting $210,000 from one of its victims, a new report by security firm Sophos notes.
The latest edition of the ISMG Security Report features an analysis of the city of Tulsa's decision to refuse to pay a ransom following an attack. Also featured: Johnson & Johnson's CISO on shifting priorities; mitigating quantum computing risks.
Love it or hate it, email remains an essential business and productivity tool. Many organizations have now migrated to cloud-based Office 365 email for their employees. But while cloud-based approaches offer easier procurement, manageability and better cost savings, certain email facts of life won't change.
Moving...
"They’re playing games," is how one security expert describes Conti ransomware-wielding attackers' "gift" of a decryptor to Ireland's crypto-locked health service, while still demanding a ransom to not leak stolen health data. The same could be said of the DarkSide gang's promised retirement.
The past year has taught us much about resilience. But how do we update our tools and skills for the future? Vasu Jakkal, corporate vice president at Microsoft, discusses new, fundamental cybersecurity shifts and how our strategies for acquring skills and diversity must reflect them.
Attackers co-opted the Hancitor malware downloader and recently used it to deliver Cuba ransomware as part of an email spam campaign for data exfiltration and ransom extortion, a new report by security firm Group-IB finds.
A Russian botnet group called Prometei is exploiting unpatched Microsoft Exchange Server vulnerabilities to mine cryptocurrency across the world, a new report by security firm Cybereason finds.
Email security provider Cofense and data security firm StrikeForce Technologies both have announced acquisitions. Meanwhile, data protection firm OneTrust received additional funding.
With people and data moving everywhere, security has to be agile to keep up. Now, the key issue facing many organizations is how to most effectively provide safe access to corporate resources on the web, in cloud apps and in internal, private apps anywhere, while keeping data safe everywhere.
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