Verizon DBIR: Small Businesses Bearing the Brunt of Ransomware Attacks
While the Verizon annual report showed that ransomware is rising, it also found that ransom payments are in decline
Ransom-related coverage examines extortion demands, data theft, and disruption caused when attackers lock or threaten to expose systems.
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Background for this topic.
Ransomware is malicious software that disrupts access to systems or data, typically by encrypting files, to pressure a victim into paying. Modern campaigns may also steal data and threaten to publish it, making the demand a form of extortion even when encryption is unsuccessful. Common access routes include phishing, exposed remote services, stolen credentials, and unpatched vulnerabilities, though no single route is universal.
Important safeguards include regularly tested, offline or otherwise isolated backups; multifactor authentication and least-privilege access; network segmentation; and timely remediation of known, internet-facing vulnerabilities. During an incident, organizations should isolate affected systems, preserve evidence, identify the scope of compromise, and coordinate recovery and legal or regulatory decisions. Payment does not guarantee data recovery or deletion. Threat intelligence may help identify associated infrastructure or available decryptors, while documented recovery plans reduce dependence on an attacker’s demands.
While the Verizon annual report showed that ransomware is rising, it also found that ransom payments are in decline
Ransom Threats to Be Reported Under New Australian LegislationAustralian organizations have 40 days to prepare for a new law requiring mandatory reporting of ransomware payments to authorities. The law covers about 6.5% of registered businesses which, starting May 30, must report ransomware payments within 72 hours to the Australian Signals Directorate.
In effect: 'Ha ha – the government is borked and so are you' Ransomware scumbags - potentially those behind the Fog gang - are channeling their inner Elon Musk with their latest ransom note, spotted by researchers at Trend Micro.…
Since January, threat actors distributing the malware have notched up more than 100 victims.