Canadian NetWalker ransomware defendant agrees to plead guilty in US court

Already sentenced to seven years in Canada, the defendant faces a maximum of 40 years in U.S. prison, according to a filing.

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Canadian man accused of extorting $28 million in ransomware scheme extradited to U.S.

One of NetWalker’s alleged most prolific affiliates made his first court appearance in the U.S. Thursday.

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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

Health Care Remains a Prime Target for Ransomware Attacks

It’s easy to be distracted by the flood of other distressing news each day, but the FBI, CISA and HHS recently urged the health care industry to stay on high alert for malware; especially ransomware attacks. The FBI’s warning included the statement, “… Continue reading Health Care Remains a Prime Target for Ransomware Attacks

Emotet, NetWalker and TrickBot have taken big blows, but will it be enough?

A trio of operations meant to disrupt ransomware outfits in recent months — two of which came to light this week — could have lasting impacts even if they stop short of ending the threat, security experts say. Researchers are still sizing up the effects of recent busts of the Emotet and NetWalker gangs, but those operations have the potential to be more potent than last fall’s maneuvers against the TrickBot ransomware. In research out Friday, Menlo Security — echoing similar conclusions from other cyber firms — said it saw signs of TrickBot recovering, but the rebound has amounted to just a “trickle.” U.S. Cyber Command and Microsoft had led separate efforts to disrupt the hacking infrastructure of TrickBot, a massive army of zombified computers. The fear was that the botnet could be used to carry out ransomware attacks afflicting the November elections. This week’s two operations might be more promising […]

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