Category Archives: ransomware attacks

Double Encryption: When Ransomware Recovery Gets Complicated

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Ever hear of double extortion? It’s a technique increasingly employed by ransomware attackers. A malware payload steals a victim’s plaintext information before launching its encryption routine. Those operating the ransomware then go on to demand two ransoms — one for a decryption utility and the other for the deletion of the victim’s stolen information from […]

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Directives Issued After US Pipeline Ransomware Attack

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In the wake of the terrible ransomware attack that targeted one of the most important fuel pipelines of the US, the Department of Homeland Security (DHS) has mandated additional cyber security measures. This is the second security directive issued by t… Continue reading Directives Issued After US Pipeline Ransomware Attack→

This Chat is Being Recorded: Egregor Ransomware Negotiations Uncovered

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Ransomware attacks are topping the charts as the most common attack type to target organizations with a constant drumbeat of attacks impacting industries across the board. In fact, IBM Security X-Force has seen a more than 10% increase in ransomware incident response requests compared to this time last year. Ransomware is well on its way […]

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75,000+ Customers Affected in CNA Ransomware Attack

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The CNA ransomware attack that made the news in March this year has an extension to the story. The insurance giant revealed that the organization suffered a data breach following the ransomware attack.  The American insurance major has recently disclos… Continue reading 75,000+ Customers Affected in CNA Ransomware Attack→

Cyber Insurers Might Be Making the Ransomware Problem Worse

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In mid-May, one of the largest insurance companies in the U.S. paid $40 million to ransomware attackers. Two people familiar with the matter told Bloomberg that the malicious actors stole an undisclosed quantity of data and then effectively locked the insurer out of its network for two weeks. The company ignored the attackers’ demands at […]

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Ransomware is the New-age Atomic Bomb

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Ransomware can start cyber warfare! This is why. What if you can’t drive to your office because the traffic lights are red everywhere? You were to travel somewhere but you can’t take a train because the train control systems are not working. You can’t … Continue reading Ransomware is the New-age Atomic Bomb→

Ransomware Cost to Grow Exponentially to Reach $265 Billion by 2031

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The footprint of ransomware has been growing globally in terms of both impact and payouts for attackers. However, it has also evolved into many dangerous forms nowadays as threat actors are stealing sensitive info through ransomware attacks and threate… Continue reading Ransomware Cost to Grow Exponentially to Reach $265 Billion by 2031→

World’s Biggest Meat Producer JBS Pays $11m as a Ransom

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Brazil-based meat-producing company JBS paid a ransom of $11m in bitcoin to get back online after a ransomware attack! Just recently JBS, the world’s biggest meat producing company was infected by a ransomware virus. The cyber attack caused the meat pr… Continue reading World’s Biggest Meat Producer JBS Pays $11m as a Ransom→

Student’s Negligence Opened Door for Ryuk into Biomolecular Facility

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An article published by ZDNet revealed how Ryuk ransomware got a free run into a biomolecular facility in Europe after a student went on a hunt for a free version of a data visualization software. History of Ryuk Ransomware As per an article by CSO Onl… Continue reading Student’s Negligence Opened Door for Ryuk into Biomolecular Facility→

Babuk Gang: The Rising Threat on Cyber Security Landscape

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The Babuk cyber threat gang, discovered in 2021, has been targeting various sectors. These sectors range from healthcare to logistics to manufacturing. The gang has been going very actively about their business and is known to have fetched a lot of mon… Continue reading Babuk Gang: The Rising Threat on Cyber Security Landscape→