Collaborate Disseminate
By Deeba Ahmed
LockerGoga ransomware has been targeting industrial organizations since around 2019.
This is a post from HackRead.com Read the original post: No More Ransom Offers Free Decryptor to LockerGoga Ransomware Victims
Continue reading No More Ransom Offers Free Decryptor to LockerGoga Ransomware Victims
It’s been a year since malicious code tore through the computer network of Norwegian aluminum giant Norsk Hydro, forcing the company to shift some of its operations to manual mode and inflicting tens of millions of dollars in damage. The ransomware attack brought a global manufacturing powerhouse to its knees, and with it more questions than answers about the hackers’ motivation. Attackers targeted a company with good security practices, yet used code that would have made it difficult to collect their extortion fee. Norsk Hydro never paid, a spokesman said. Now, an investigation published Monday argues that the LockerGoga ransomware variant was designed to disrupt rather than to extort — to lock up the enterprise and throw away the key. Regardless of who was behind the Norsk Hydro attack, it provides a “worryingly effective blueprint” for state-backed hackers to hide behind malware associated with criminals to achieve their goals, says […]
The post Why the Norsk Hydro attack is a ‘blueprint’ for disruptive hacking operations appeared first on CyberScoop.
Continue reading Why the Norsk Hydro attack is a ‘blueprint’ for disruptive hacking operations
A new report reveals what defenders should know about the most prevalent and persistent malware families. Continue reading How ransomware attacks
The company received $3.6 million in cyber insurance – out of $71 million incurred in damages after a massive March cyberattack. Continue reading Insurance Pays Out a Sliver of Norsk Hydro’s Cyberattack Damages
Norsk Hydro received an insurance payout of $3.6 million following a highly publicized cyberattack earlier this year, the company revealed in its third quarter earnings report. The insurance payout represents about 6% of the $60 million to $71 million in costs created by the incident through the third quarter, the company said. The Norwegian aluminum and energy giant expects more compensation will come as more costs are totaled. Norsk Hydro, which had a market capitalization of $12 billion last year, said after the attack in March that its policy, led by AIG, was “solid.” The company said it was struck with a large ransomware attack that started in its U.S. facilities then spread. It wasn’t until summer when Norsk Hydro determined the situation was stable. Incident responders determined the ransomware strain was LockerGoga, which has haunted the industrial sector. Norsk Hydro did not pay the ransom demand, deciding instead to restore its systems from digital backups. The firm also […]
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It’s been over two weeks now since Norsk Hydro, one of the world’s largest producers of aluminium, was hit by a ransomware attack that hit 160 of its plants worldwide, forcing many of its sites to switch to manual operations.
And they’re handling thing… Continue reading In its ransomware response, Norsk Hydro is an example for us all
The ransomware attack on Norsk Hydro reported last week has so far cost the company NOK 300-350 million or around $40 million (€36 million). The company entered recovery mode on Tuesday, with some departments still operating manually. The Norwegi… Continue reading Ransomware blitzkrieg has already cost Norsk Hydro $40 million
Researchers are still looking for answers when it comes to LockerGoga’s initial infection method – and what the attackers behind the ransomware really want. Continue reading Ransomware Behind Norsk Hydro Attack Takes On Wiper-Like Capabilities
After hitting Altran and Norsk Hydro, LockerGoga operators this week turned their sights to two chemicals companies in the United States. Hexion and Momentive, both controlled by the same investment fund, were hit by ransomware on March 12, according t… Continue reading LockerGoga ransomware operators set sights on the U.S.
Users could potentially use a coding error in some variants of LockerGoga to halt the ransomware’s encryption routine in its tracks. In its analysis of LockerGoga, Alert Logic Threat Research found that the ransomware performs an initial reconnai… Continue reading Coding Error Could Enable Users to Halt LockerGoga Ransomware