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A 5-year study on the Ransomware Economy found that 30,515 exposed databases were hit by ransom attacks, causing massive damage despite victims never paying. Database extortion doesn’t look like the ransomware stories that usually grab headlines. There’s no slick branding, no leak-site countdown, no gang posting memes on Telegram. In most cases, there’s just a […]

New malware, even better social engineering chops The FBI and a host of international cyber and law enforcement agencies on Tuesday warned that Scattered Spider extortionists have changed their tactics and are now breaking into victims' networks using savvier social engineering techniques, searching for organizations' Snowflake database credentials, and deploying a handful of new ransomware variants, most recently DragonForce.  …

Bank Info Security 1 year, 1 month ago

LockBit's New Reality Is Out of Control Affiliates

May Database Leak Shows Ransomware Group Taking New ChancesAffiliates of beleaguered ransomware-as-a-service operation LockBit have turned toward Chinese targets, finds an analysis of a May leak of the group's admin panel. LockBit affiliates targeted 156 organizations during that time, the majority of them located in China.

Why Data Exfiltration Detection is Paramount? The world is witnessing an exponential rise in ransomware and data theft employed to extort companies. At the same time, the industry faces numerous critical vulnerabilities in database software and company websites. This evolution paints a dire picture of data exposure and exfiltration that every security leader and team is grappling with. This

Also, Chinese IT admin jailed for deleting database, and the NSA promises no more backdoors In brief The notorious Russian-aligned Conti ransomware gang has upped the ante in its attack against Costa Rica, threatening to overthrow the government if it doesn't pay a $20 million ransom. …