More ransomware-wielding gangs are not just crypto-locking victims' systems, but also stealing and threatening to leak data unless they get their demanded bitcoin ransom payoff. A growing number of security experts believe the strategy is leading more victims to pay.
Organizations must carefully re-examine their security procedures to make sure they're adequate for the new work-from-home environment during the COVID-19 crisis, says Shelton Newsham, a British law enforcement official who specializes in cybersecurity. He reviews key questions to ask.
If an organization fails to stop a ransomware attack, how does it recover the data? Backups, of course, are essential. But Peter Marelas of Dell Technologies says organizations should have a well-developed strategy for backups because attackers are increasingly targeting those systems as well.
The latest edition of the ISMG Security Report discusses securing RDP to prevent ransomware attacks. Also featured: A look at three likely scenarios for the COVID19 pandemic, and an analysis of why we're still using PINs for certain card payments.
Security experts and law enforcement officials have long argued that paying ransoms doesn't pay. For starters, it directly funds the cybercrime ecosystem and makes it attractive for criminals to keep launching ransomware attacks.
Magellan Health, a U.S. managed care company that focuses on specialty areas of healthcare, says it was hit by a ransomware attack that involved the exfiltration of data. Ransomware gangs are increasingly going beyond encrypting data, stealing information to put more pressure on victims to pay ransoms.
Australian shipping giant Toll Group has vowed to again not pay a ransom after suffering its second ransomware attack of the year. In the latest incident, however, the company warns that attackers also stole corporate data - and it may get leaked.
There are three distinct scenarios for how the COVID-19 virus might spread over the next 18 to 24 months, says pandemic expert Regina Phelps. None is pleasant, but one may exact a smaller economic and human toll. And our next moves might determine which scenario unfolds.
Despite the need to battle COVID-19, several nations' in-development digital contact-tracing apps are already dogged by security and privacy concerns. Whether enough users will ever trust these apps to make them effective remains a major question. Is it too late to get more projects back on track?
The average ransom paid by victims to ransomware attackers reached $111,605 in the first quarter of this year, up 33% from the previous quarter, reports ransomware incident response firm Coveware, which sees the Sodinokibi, Ryuk and Phobos malware families continuing to dominate.
Many attackers continue to camp out in networks for months, conducting reconnaissance and stealing sensitive data before unleashing ransomware. Experts say many recent efforts trace to gangs wielding the RobbinHood, Valet Loader, NetWalker, PonyFinal, Maze and Sodinokibi strains of crypto-locking malware.
As politicians and protesters argue about the merits and timing of emerging from COVID-19 quarantine, crisis management expert Regina Phelps lays out a 10-step re-entry plan. Her word of counsel: "Caution."