Average ransomware payouts shoot up 171% to over $300,000

Organisations hit by ransomware attacks are finding themselves paying out more than ever before, according to a new report.

According to the research, the average payment following a ransomware attack in 2020 rocketed up 171% to $312,493 compared to… Continue reading Average ransomware payouts shoot up 171% to over $300,000

Smashing Security podcast #220: Ransoms, scandals, and glitter bombs

PC manufacturer Acer might have received a $50 million ransom demand, a warning spreads on Facebook about a trick being used by hackers, and why are the City of London’s police not happy about Sci Hub?

All this and much much more is discussed in the… Continue reading Smashing Security podcast #220: Ransoms, scandals, and glitter bombs

Bank loses customers’ social security numbers after ransomware attack

Things don’t get much worse than having to admit to your employees that a gang of cybercriminals have broken into your infrastructure, stolen the private details (social security numbers, names and home addresses) of your staff, and are demanding that … Continue reading Bank loses customers’ social security numbers after ransomware attack

Hacker who breached Verkada charged with stealing data from over 100 companies

The hacker who claimed responsibility for breaching the live video streams of 150,000 CCTV cameras at police departments, hospitals, and well-known businesses has been charged by the US Department of Justice with hacking more than 100 companies.

Re… Continue reading Hacker who breached Verkada charged with stealing data from over 100 companies

64 times worse than ransomware? FBI statistics underline the horrific cost of business email compromise

The FBI is reminding organisations of the serious threat posed by business email compromise (BEC) scams, declaring that it caused over $1.8 billion worth of losses to businesses last year.

Read more in my article on the Tripwire State of Security blog. Continue reading 64 times worse than ransomware? FBI statistics underline the horrific cost of business email compromise

64 times worse than ransomware? FBI statistics underline the horrific cost of business email compromise

The FBI is reminding organisations of the serious threat posed by business email compromise (BEC) scams, declaring that it caused over $1.8 billion worth of losses to businesses last year. The newly-published annual cybercrime report from the FBI’s Int… Continue reading 64 times worse than ransomware? FBI statistics underline the horrific cost of business email compromise