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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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Ransomware Group Says MeridianLink Didn't Tell SEC About Cyberattack Within 4 DaysThe BlackCat ransomware group tattled to U.S. federal regulators about an alleged victim not disclosing a material cyberattack within four business days. The group, also known as Alphv, listed MeridianLink on its data leak site and threatened to leak stolen data.

Bank Info Security 2 years, 8 months ago

Alphv Gang Tattles to SEC About Victim Not Disclosing Breach

Ransomware Group Says MeridianLink Didn't Tell SEC About Cyberattack Within 4 DaysThe BlackCat ransomware group tattled to U.S. federal regulators about an alleged victim not disclosing a material cyberattack within four business days. The group, also known as Alphv, listed MeridianLink on its data leak site and threatened to leak stolen data.

Bank Info Security 2 years, 8 months ago

FBI Says Enhanced Partnerships Help Combat Ransomware Surge

Bureau Touts ‘All-Time High’ Public-Private Coordination Despite Rise in AttacksFBI officials said Wednesday that the federal government is preventing advanced ransomware attacks targeting a range of institutions with the help of new information-sharing and victim engagement initiatives with organizations across the public and private sectors.

Bank Info Security 2 years, 8 months ago

Known Ransomware Attack Volume Breaks Monthly Record, Again

Ransomware Groups Listed 514 Victims in Total on Their Data Leak Sites Last MonthThe volume of known ransomware attacks surged last month to record-breaking levels, with groups collectively listing 514 victims on their data-leak sites, security researchers report. In the lead: long-timer LockBit followed by newcomer LostTrust, with other new groups also having a notable impact.

Bank Info Security 2 years, 8 months ago

UK NSCS Highlights Risks to Critical Infrastructure

Agency Underscores Risks From Ransomware, State-Aligned Hacking, China and AIThe risk of critical infrastructure hacking in the United Kingdom likely grew in the last year, says the national cybersecurity agency, citing a slew of high-profile ransomware attacks. Russia's invasion of Ukraine is a main driver of growing risk in cyberspace, the agency says.

Bank Info Security 2 years, 8 months ago

McLaren Health Care Hack Affected Millions; Lawsuits Pile Up

Michigan Healthcare Provider Faces 7 Federal Lawsuits in Alphv/BlackCat Data TheftMcLaren Health Care is notifying nearly 2.2 million people of a data breach weeks after ransomware group Alphv/BlackCat claimed to have stolen 6 terabytes of patient records in a recent attack. In the meantime, the number of lawsuits filed against McLaren related to the incident continues to climb.