Ransomware is not enough -- 83 percent of attacks now feature other extortion tactics
Ransomware itself is bad enough, but 83 percent of successful ransomware attacks now include alternative extortion methods according to a survey by machine identity company Venafi.
Popular techniques include using the stolen data to extort customers (38 percent), exposing data on the dark web (35 percent), and informing customers that their data has been stolen (32 percent).
Ransomware impacts 80 percent of enterprises
A new survey reveals that 80 percent of companies have experienced a ransomware attack, despite spending an average of $6 million annually on ransomware mitigation.
The study, from cyber advisory and solutions firm CBI, based on research by the Ponemon Institute and co-sponsored by Check Point, finds Companies are spending $170,000 per ransomware incident on staffing alone, with an average of 14 staff members each spending 190 hours on containment and remediation activities.
40 percent of incoming emails are potential threats
New research from Hornetsecurity finds that 40 percent of all inbound emails pose a potential threat, including spam, phishing and advanced threats such as CEO fraud and any type of malware.
Phishing, malicious links, and ransomware are among the most popular attack tactics used by hackers with brand impersonation being especially popular.
Researchers use Hive ransomware's own encryption algorithm to find master decryption key
Security researchers have managed to use the encryption algorithm used by the Hive ransomware to determine the master key needed to decrypt files for free.
Ordinarily, victims of a Hive ransomware attack would have to pay up to receive their individual decryption key. But a team of researchers from the Department of Financial Information Security, at Korea's Kookmin University, have been able to calculate the master key. This has then been used in what is believed to be the "first successful attempt at decrypting Hive ransomware"
New adversaries add to already crowded threat landscape
The 2021 threat landscape has become more crowded as new adversaries emerge according to the 2022 Global Threat Report released today by CrowdStrike.
CrowdStrike Intelligence is now tracking more than 170 adversaries in total with 21 added last year. Financially motivated eCrime activity continues to dominate with intrusions attributed to eCrime accounting for 49 percent of all observed activity.
Linux-based systems targeted with ransomware and cryptojacking
Thanks to its use on many cloud servers, Linux is a core part of the digital infrastructure. It's not surprising therefore that it's increasingly being targeted by attacks.
A new report from the Threat Analysis Unit at VMware finds malware targeting Linux-based operating systems is increasing in both volume and complexity amid a rapidly changing threat landscape,
Phishing and stealers dominate dark web forums (but don't mention ransomware)
The malware types and hacking services most discussed over the last year on dark web forums are dominated by phishing, stealers, zero-day attacks, and ransomware.
But the 2021 Year-End Data Breach Report from Risk Based Security finds discussing ransomware has been widely banned on major forums as evidenced by referring to ransomware offerings as 'crypters' or 'lockers' to avoid the post or account getting immediately banned.
Ransomware attack puts the squeeze on KP's nuts
A cyberattack on UK-based food manufacturer KP Snacks could lead to shortages of some of the company's popular products including KP Nuts, Tyrrells Crisps and Hula Hoops.
There are as yet unconfirmed reports that the company's factory at Billingham on Teesside has stopped production and most of its 900 staff have been temporarily stood down.
Designing security to mitigate growing ransomware threats
Ransomware has become a top-of-mind security concern for many organizations. High-visibility ransomware attacks have disrupted supply chains and inspired an Executive Order on Cybersecurity in the United States.
This is not surprising given that ransomware is a such a common and costly threat costing organizations millions.
The top attack trends businesses need to address this year
2021 saw supply chain and ransomware attacks dominate the security landscape. But will this pattern continue this year?
Managed detection and response provider Expel has launched a new report which provides insights on the biggest cybersecurity threats, practical recommendations on how to handle them, and predictions on what to expect in the year ahead.
Insurance businesses targeted for customer details
Insurance companies exist to offer protection but they're increasingly having to protect themselves against a range of cyberattacks.
A new report from IntSights looks at the threats faced by insurance businesses and why they’ve become a particular problem in recent times.
Data breaches expose over 40 billion records in 2021
New figures released today from cyber exposure company Tenable show that over 40 billion records were exposed in data breach incidents last year, a whopping 78 percent increase over the previous year.
The company's 2021 Threat Landscape Retrospective report is based on analysis of 1,825 incidents publicly disclosed between November 2020 and October 2021. Since many reports didn't include details of the number of records breached the true figure is likely to be far higher.
Endpoint malware and ransomware reach new highs
New data shows that while total perimeter malware detection volume has decreased, endpoint malware detections had already surpassed the total volume seen in 2020 by the third quarter of 2021.
The latest quarterly report from WatchGuard Technologies also shows a continuing trend for a significant percentage of malware to arrive over encrypted connections, the percentage delivered via TLS jumping from 31.6 percent to 47 percent.
Half of global ransomware attacks target the US
Last year 48 percent of ransomware attacks were directed at targets in the United States, with industrial and energy, retail, and finance businesses among the most threatened.
Research from AtlasVPN finds that out of 2,845 witnessed ransomware attacks worldwide in 2021 1,352 were launched against targets in the US. Meanwhile one in five attacks were against European countries with France suffering 146 attacks, the UK 139 and Germany 115.
Rebalancing the cybersecurity equation to mitigate ransomware risks
With the average cost of a data breach now at $4.2 million, growing cyber threats like ransomware and the hybrid workforce have organizations worldwide looking to mitigate risk at every layer of the organization.
Securing your organization is like balancing an equation: people + skills + technology = security. Where many security strategies fall short is having an unbalanced equation.
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