Everything You Need To Know About Ransomware Attacks and Gangs In 2022

Ransomware is a lucrative business for criminals. It is paying off, and it is working.  According to a recent Trend Micro report, a staggering 84% of US organizations experienced either a phishing or ransomware attack in the last year. The average ransomware payment was over $500,000. Bad actors want to keep cashing in. So they’re […]

The post Everything You Need To Know About Ransomware Attacks and Gangs In 2022 appeared first on Security Intelligence.

Continue reading Everything You Need To Know About Ransomware Attacks and Gangs In 2022

2021 Manufacturing and Supply Chain Security Roundup

In 2020, ransomware actors demanded $17 million from a laptop maker and $34 million from a Taiwanese electronics contract company. The past two years have also delivered major disruptions for supply chains. The pandemic pushed supply chain attack issues front-and-center, with disruptions up 67% in 2020 and problems expected to persist as global markets adjust to the ‘new […]

The post 2021 Manufacturing and Supply Chain Security Roundup appeared first on Security Intelligence.

Continue reading 2021 Manufacturing and Supply Chain Security Roundup

Ransomware Attackers’ New Tactic: Double Extortion

Need another reason to defend against ransomware instead of ending up having to find a solution other than paying it? Double extortion may be it. So, what is double extortion? When did it start? With this tactic, ransomware actors steal a victim’s data before their malware strain activates its encryption routine. They then have the […]

The post Ransomware Attackers’ New Tactic: Double Extortion appeared first on Security Intelligence.

Continue reading Ransomware Attackers’ New Tactic: Double Extortion

Roundup: Ransomware, the Future of the Cloud and Cyber Careers

Digital threats can have physical consequences. As we’ve seen this year, the United States government is taking the threat of ransomware seriously. That’s especially the case when it comes to physical infrastructure. If your business ⁠— like many — lives at the intersection of the Internet of Things and the things that make our world […]

The post Roundup: Ransomware, the Future of the Cloud and Cyber Careers appeared first on Security Intelligence.

Continue reading Roundup: Ransomware, the Future of the Cloud and Cyber Careers

Understanding the Adversary: How Ransomware Attacks Happen

IBM Security X-Force Incident Response (IR) has responded to hundreds of ransomware incidents across every geography and industry. As we have taken time to analyze these incidents, a clear pattern has emerged. Although we observe dozens of ransomware groups in operation across the globe, many with multiple affiliate groups working under them, most ransomware actors […]

The post Understanding the Adversary: How Ransomware Attacks Happen appeared first on Security Intelligence.

Continue reading Understanding the Adversary: How Ransomware Attacks Happen

Proposed Bill Would Require Public Disclosure of Ransomware Payments

Two U.S. congresswomen introduced a bill that would require ransomware victims to publicly disclose ransom payments to the federal government. Introducing the ‘Ransom Disclosure Act’ In early October, Senator Elizabeth Warren (D-Mass.) and Representative Deborah Ross (D-N.C.) introduced a bill for the Ransom Disclosure Act. Senator Warren said the bill has two main goals. First, […]

The post Proposed Bill Would Require Public Disclosure of Ransomware Payments appeared first on Security Intelligence.

Continue reading Proposed Bill Would Require Public Disclosure of Ransomware Payments

Rising Cyber Insurance Premiums Highlight Importance of Ransomware Prevention

No insurance premiums saw greater growth in the second quarter of 2021 than those related to cybersecurity. According to the Council of Insurance Agents & Brokers, cyber insurance premiums grew more than a quarter (25.5%) during that period. That’s well above the 17.4% increase witnessed by umbrella insurance and an average of 8.3% growth across […]

The post Rising Cyber Insurance Premiums Highlight Importance of Ransomware Prevention appeared first on Security Intelligence.

Continue reading Rising Cyber Insurance Premiums Highlight Importance of Ransomware Prevention

A New Cybersecurity Executive Order Puts the Heat on Critical Infrastructure Suppliers

Ransomware. Five years ago, the cybersecurity community knew that term well, although among others it was far from dinner table conversation. Times have changed. Since early 2020, ransomware has hit a slew of headlines. People inside and outside of the security industry are talking about it, and many have experienced the ransomware pain firsthand. The […]

The post A New Cybersecurity Executive Order Puts the Heat on Critical Infrastructure Suppliers appeared first on Security Intelligence.

Continue reading A New Cybersecurity Executive Order Puts the Heat on Critical Infrastructure Suppliers

2021 Cyber Resilient Organization Study: Rise of Ransomware Shows the Need for Zero Trust and XDR

“How many millions did you pay threat actors in a ransomware attack?” “Which investments most significantly improved cyber resiliency for your organization?” “Do you have a cybersecurity incident response plan that’s applied consistently across your enterprise?” The answers to these and other key questions produced several notable findings in the latest 2021 Cyber Resilient Organization […]

The post 2021 Cyber Resilient Organization Study: Rise of Ransomware Shows the Need for Zero Trust and XDR appeared first on Security Intelligence.

Continue reading 2021 Cyber Resilient Organization Study: Rise of Ransomware Shows the Need for Zero Trust and XDR

Data Security: How Data Activity Monitoring Protects Against Ransomware

Ransomware is an attack on your data. Can you say that your approach to preventing ransomware is focused on data? Organizations are becoming more aware of the chaos that ransomware can create — to the tune of $4.62 million in escalation, notification, lost business and response costs, according to the 2021 Cost of a Data […]

The post Data Security: How Data Activity Monitoring Protects Against Ransomware appeared first on Security Intelligence.

Continue reading Data Security: How Data Activity Monitoring Protects Against Ransomware