Category Archives: ransomware as a service

Ransomware payouts hit all-time high, but that’s not the whole story

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Ransomware payments hit an all-time high of $1.1 billion in 2023, following a steep drop in total payouts in 2022. Some factors that may have contributed to the decline in 2022 were the Ukraine conflict, fewer victims paying ransoms and cyber group takedowns by legal authorities. In 2023, however, ransomware payouts came roaring back to […]

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National Cyber Security Centre Study: Generative AI May Increase Global Ransomware Threat

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See NCSC’s predictions for generative AI for cyber attack and defense through 2025. Continue reading National Cyber Security Centre Study: Generative AI May Increase Global Ransomware Threat→

BlackCat/ALPHV Ransomware Site Seized in International Takedown Effort

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The ransomware group, which has distributed ransomware to more than 1,000 victims, reportedly recovered control of its website on Tuesday. Learn how to defend against ransomware. Continue reading BlackCat/ALPHV Ransomware Site Seized in International Takedown Effort→

The evolution of ransomware: Lessons for the future

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Ransomware has been part of the cyber crime ecosystem since the late 1980s and remains a major threat in the cyber landscape today. Evolving ransomware attacks are becoming increasingly more sophisticated as threat actors leverage vulnerabilities, social engineering and insider threats. While the future of ransomware is full of unknown threats, we can look to […]

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How the FBI Fights Back Against Worldwide Cyberattacks

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In the worldwide battle against malicious cyberattacks, there is no organization more central to the fight than the Federal Bureau of Investigation (FBI). And recent years have proven that the bureau still has some surprises up its sleeve. In early May, the U.S. Department of Justice announced the conclusion of a U.S. government operation called […]

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Expert Insights on the X-Force Threat Intelligence Index

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Top insights are in from this year’s IBM Security X-Force Threat Intelligence Index, but what do they mean? Three IBM Security X-Force experts share their thoughts on the implications of the most pressing cybersecurity threats, and offer guidance for what organizations can do to better protect themselves. Moving Left of Boom: Early Backdoor Detection Andy […]

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Triple Extortion and Erased Data are the New Ransomware Norm

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The old days of “honest” ransomware gangs are long gone. In the past, ransomware groups pressured each other to honor file decryption promises after the ransom was paid. However, their motives were far from altruistic. They thought victims would be less willing to pay if word got out that their files would never be recovered. […]

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How LockBit Changed Cybersecurity Forever

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In every industry, visionaries drive progress and innovation. Some call these pioneers “crazy”. The same rule applies to the world of cyber gangs. Most threat groups try to maintain a low profile. They don’t seem to trust anyone and want tight control over money flow.  Then along came LockBit. Not only does the group maintain […]

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The Most Prolific Ransomware Gangs of 2022

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As we look forward to 2023, we can find many ransomware lessons in looking back at 2022. The year brought us numerous attacks by many of the same gangs we’ve watched for years, as well as some newcomers. Many ransomware gangs operate like businesses, with their own marketing departments and user documentation. With the advent […]

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How Reveton Ransomware-as-a-Service Changed Cybersecurity

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In 2012, Reveton ransomware emerged. It’s considered to be the first Ransomware-as-a-Service (RaaS) operation ever. Since then, RaaS has enabled gangs with basic technical skills to launch attacks indiscriminately. Now, nearly anyone can create highly effective malware campaigns. We now see RaaS outfits with organizational capabilities that rival the most professional Software-as-a-Service (SaaS) brands. But […]

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