Category Archives: ransomware attacks

Detections That Can Help You Identify Ransomware

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One of the benefits of being part of a global research-driven incident response firm like X-Force Incidence Response (IR) is that the team has the ability to take a step back and analyze incidents, identifying trends and commonalities that span geographies, industries and affiliations. Leveraging that access and knowledge against the ransomware threat has revealed […]

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The Real Cost of Ransomware

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Ransomware is an expensive cybercrime and getting more so all the time. Payouts have risen massively in the past few years. But while ransomware payment amounts make headlines, the real costs go far beyond what’s paid to the attackers.  How Ransomware Works Now Ransomware has always been a problem. But in recent years, attackers have […]

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What Happens to Victims When a Ransomware Gang Vanishes?

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Not long after launching a major supply chain attack in July 2021, the REvil ransomware gang went offline. The group’s infrastructure, including its surface and dark web portals used for ransom negotiations and data leaks, shut down on July 12, according to Bleeping Computer. Russian digital crime forum XSS banned Unknown, a user believed to […]

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LockBit 2.0: Ransomware Attacks Surge After Successful Affiliate Recruitment

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After a brief slowdown in activity from the LockBit ransomware gang following increased attention from law enforcement, LockBit is back with a new affiliate program, improved payloads and a change in infrastructure. According to IBM X-Force, a major spike in data leak activity on the gang’s new website indicates that their recruitment attempts have been […]

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Dissecting Sodinokibi Ransomware Attacks: Bringing Incident Response and Intelligence Together in the Fight

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Ransomware actors are specializing, collaborating and assisting each other to conduct sophisticated attacks that are becoming increasingly difficult to prevent. Combating these groups effectively similarly requires a team approach — specialization, understanding tactics and techniques and how to counter them and cutting off activity at its source. Arguably, it has never been more imperative that […]

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What Has Changed Since the 2017 WannaCry Ransomware Attack?

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The cybersecurity world is still feeling the effects of the 2017 WannaCry ransomware attack today. While the majority of the damage occurred in the weeks after May 12, 2017, WannaCry ransomware attacks actually increased 53% from January 2021 to March 2021. While researching my in-depth article WannaCry: How the Widespread Ransomware Changed Cybersecurity, I learned […]

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Pay Now or Pay Later: Don’t Procrastinate When It Comes to Preventing Ransomware

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Data breaches like ransomware can be catastrophic for some businesses. Not only do affected organizations lose revenue from the downtime that occurs during the incident, the post-breach costs can be significant. These costs can include everything from the time and resources it takes to detect how the compromise occurred and remediate the actual threat to […]

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Analysis of Diavol Ransomware Reveals Possible Link to TrickBot Gang

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Ransomware has become the number one cyber threat to organizations, making up nearly 25% of attacks IBM X-Force Incident Response remediated in 2020. Ransomware is making headlines on a regular basis due to the high impact of certain attacks on victims in critical industries. It’s unlikely that the pace of attacks will slow down in […]

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Ransomware Attempt Volume Sets A New Record

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An article published in ZDNet has cited a report prepared by a cyber security firm that says that ransomware attempt volume saw a major rise in the first half of 2021 itself. The report has mentioned that the ransomware attempt volume rose up to an unb… Continue reading Ransomware Attempt Volume Sets A New Record→

Ransomware attacks: How to protect against real-life data hostage threats

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Ransomware attacks: what they are and how to protect against them using a disaster recovery plan.
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