Ransomware group AvosLocker made use of unpatched VMWare Horizon applications to hack into an unidentified organization’s systems, says analysis from Cisco Talos. The race between systems administrators and hackers to patch the Log4j vulnerability is ongoing.
The Conti ransomware group officially pulled the plug on its operation in May. But experts say the group's activities have continued in the form of numerous already-launched subsidiaries or spinoffs, which appear to include Alphv/BlackCat, AvosLocker, Black Basta and HelloKitty, among others.
Nearly 20,000 attacks. An average loss of $120,000 per attack. Billions of dollars sent to cybercriminals each year. Business email compromise is no joke, and it’s continuing to increase—despite increased awareness of the issue.
Why? Because the people behind these scams know how to trick humans, relying on...
Ransomware has changed the risk landscape for suppliers and is forcing companies to reconsider their risk relationships, says Kelly White, co-founder and CEO of RiskRecon. He discusses the correlation between cyber hygiene, ransomware and data loss.
The latest edition of the ISMG Security Report investigates the reboot of ransomware group Conti, which supports Russia's invasion of Ukraine. It also discusses why paying ransomware actors is a "business decision" and how to respond to the talent shortage in the financial sector.
Having to decide whether to pay a ransom to cybercriminals is a decision no one wants to make. But Gartner's Paul Furtado and Hearing Australia CISO Daniel Smith say practitioners should stay objective and leave the decision - and the subsequent moral implications - to the business.
In the latest "Proof of Concept," Lisa Sotto of Hunton Andrews Kurth LLP and former CISO David Pollino of PNC Bank join ISMG editors to discuss the many new privacy laws in the U.S., current ransomware and scam trends, and handling the potential corporate risk of sharing information on social media.
Insurance claims being filed by ransomware victims are growing as criminals continue to hit businesses with crypto-locking malware. To avoid these claims, organizations can take a number of proven steps to better protect themselves, says Payal Chakravarty of Coalition.
Ransomware struck global currency exchange and remittance company Travelex on New Year's Eve 2019. Don Gibson, a security architect at Travelex, became publicly linked with the incident, and the undesired attention he received contributed to a health situation that nearly led to a tragic outcome.
In his spare time, ransomware expert Allan Liska recently became a certified sommelier. Branching out from his day job as principal intelligence analyst at Recorded Future, Liska says he's found numerous parallels between the deductive tasting process and threat intelligence.
Threat watch: The ongoing Russia-Ukraine war continues to pose both direct and indirect risks to enterprise networks, says Michael Baker, vice president and IT CISO of IT services and consulting firm DXC Technology. He also discusses recruiting and retaining new talent.
The public-private Ransomware Task Force last year issued numerous recommendations for battling ransomware, and task force member Marc Rogers of Okta says that while the problem persists, better mechanisms are helping to blunt such criminal activity.
Ransomware continues to pummel organizations, with the average ransom payment reaching $925,000 so far this year, but the aggregate financial impact of business email compromise attacks is even worse, says Wendi Whitmore, head of Unit 42 at Palo Alto Networks.
Ransomware groups such as Conti are beginning to move away from encrypting systems. Instead, they are stealing data, especially from public companies, and threatening to leak it publicly to extort ransom payments, says cybercrime expert Vitali Kremez, CEO of AdvIntel.
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