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Latest coverage for Ransom

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.

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Bank Info Security 1 year, 5 months ago

Still-Lucrative Ransomware's Profits Plunged 35% Last Year

Collapse of LockBit and BlackCat/ALPHV Tied to Ongoing Decline in Big-Game HuntingRansomware may still be raking in massive cryptocurrency profits for practitioners, but 2024 turned out to be less of a banner year than predicted, with blockchain researchers reporting that the sum total of known ransom payments to ransomware groups in 2024 plummeted by 35%.

More from Bank Info Security 7 Feb 2025, 9:00 a.m. BlackCat Cryptocurrency LockBit Ransom Ransomware Research
The Hacker News 1 year, 5 months ago

Top 3 Ransomware Threats Active in 2025

You arrive at the office, power up your system, and panic sets in. Every file is locked, and every system is frozen. A ransom demand flashes on your screen: "Pay $2 million in Bitcoin within 48 hours or lose everything." And the worst part is that even after paying, there’s no guarantee you’ll get your data back. Many victims hand over the money, only to receive nothing in return, or worse, get

More from The Hacker News 7 Feb 2025, 12:00 a.m. Cryptocurrency Ransom Ransomware Victims
Bank Info Security 1 year, 5 months ago

Ransomware: Victims Who Pay a Ransom Drops to All-Time Low

Incident Response Firm Reports 25% of Victims Paid - Typically for a DecryptorThe slice of organizations opting to pay extortion after being hit by ransomware dropped to an all-time low of 25%. Underpinning the drop is a combination of better defenses, improved business resilience as well as organizations simply deciding to not pay criminals.

More from Bank Info Security 6 Feb 2025, 8:00 a.m. Decryptor Extortion Incident Ransom Ransomware Victims