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Latest coverage for Ransomware

Ransomware encrypts or steals data to disrupt operations and extort victims, making backups, access controls, and incident response essential.

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Ransomware is malware used to deny access to systems or data, usually by encrypting files and demanding payment for decryption. Many operations also steal sensitive information and threaten to publish it, so an attack can create both an availability crisis and a privacy or disclosure risk. Initial access may involve phishing, stolen credentials, exposed remote services, or exploitation of unpatched vulnerabilities; attackers may then move through the network before deploying the payload.

Defenses should combine vulnerability management, phishing-resistant authentication where practical, endpoint and network monitoring, and backups that are isolated from routine administrator access and regularly tested for recovery. Organizations should also limit privileges and segment critical systems to reduce the blast radius. An incident requires rapid containment, preservation of forensic evidence, restoration from known-good backups, and assessment of notification, legal, and regulatory obligations. Threat intelligence can help identify relevant criminal infrastructure or tactics, but it does not replace sound access control, patching, detection, and recovery practices.

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Bank Info Security 1 year, 8 months ago

Doctor Hit With $500K HIPAA Fine: Feds Worse Than Hacker

Plastic Surgeon Paid $53K Ransom But Says ‘the Real Criminal’ Is HHSDr. James Breit recalled the day a hacker locked up his systems with ransomware at his plastic surgery practice. He paid $53,000 in ransom. Nearly, seven years later, after paying a $500,000 HIPAA fine, Breit claims he got better treatment from the cybercriminals than he did federal regulators.

Bank Info Security 1 year, 8 months ago

German Pharma Wholesaler AEP Targeted in Ransomware Attack

Firm Supplies More Than 6,000 PharmaciesA ransomware attack on German pharmaceutical distributor AEP detected Monday has not led to medication shortages so far, report local media. AEP disclosed Wednesday that hackers successfully encrypted some of its IT systems. Pharmacies usually work with several wholesalers.

Colorado Laboratory Already Facing Several Proposed Class Action Breach LawsuitsA Colorado-based pathology laboratory is notifying more than 1.8 million patients that their sensitive information was compromised in an April hack, one of the largest breaches reported by a medical testing lab to U.S. federal regulators to date. Ransomware gang Medusa is blamed for the attack.

Bank Info Security 1 year, 8 months ago

ISMG Editors: Law Enforcement's Ransomware Crackdown

Also: Election Security Successes, Key Takeaways from Recent ISMG EventsIn the latest weekly update, ISMG editors discussed the impact of recent law enforcement operations against ransomware gangs, the state of U.S. election security on the eve of the presidential election, and the key trends emerging from recent ISMG industry roundtables and summits.

NY AG Action and $1M Fine Follow Back-to-Back Hacks That Affected 224,500 in 2023An upstate New York-based medical practice must spend $2.25 million to improve its data security practices over the next five years, plus pay state regulators up to a $1 million fine following an investigation into two ransomware attacks days apart in 2023 that affected nearly 224,500 people.