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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 2 years, 5 months ago

Feds Warn Health Sector About Akira Again, Amid New Attacks

Recent Victims Include Pennsylvania Emergency Dispatch SystemU.S. federal authorities are again warning the healthcare sector about threats from the Akira ransomware group. The latest alert comes on the heels of several recent attacks by the gang, including one last month on Bucks County, Pennsylvania, which affected an IT system used by emergency responders.

Bank Info Security 2 years, 5 months ago

Record-Breaking Ransomware Profits Surpassed $1B in 2023

Ongoing Innovation and Sophistication Drive Unparalleled ProfitsAttackers wielding ransomware collectively earned over $1 billion last year - breaking previous records. Their increasingly sophisticated attacks targeted "high-profile institutions and critical infrastructure, including hospitals, schools and government," reported Chainalysis.

Bank Info Security 2 years, 5 months ago

EquiLend Continues System Restoration Post-Ransomware Attack

Back Online: NGT Platform, Which Handles Daily Transactions Worth $100 BillionFinancial giant EquiLend Holdings said it's brought back online multiple systems, including its NGT platform that handles securities lending transactions worth $2.4 trillion every month, following an outage triggered by ransomware-wielding attackers gaining unauthorized access to its systems.