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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, 6 months ago

Three Russian Cryptomixer Masterminds Indicted in US

Blender and Sinbad Were Favorites of Ransomware and North Korean HackersThree Russian nationals behind cryptocurrency mixers favored by ransomware hackers and North Korean crypto thieves face criminal charges in U.S. federal court: Roman Vitalyevich Ostapenko, 55, Alexander Evgenievich Oleynik, 44, and Anton Vyachlavovich Tarasov, 32.

Bank Info Security 1 year, 6 months ago

2 HIPAA Business Associates Pay HHS Ransomware Settlements

Agency Kicks Off New Year With First HIPAA Enforcement Actions, $170K in FinesA Massachusetts firm that provides billing and other services to home health agencies and a Virginia-based data hosting and cloud provider are the latest companies paying federal regulators settlements. HHS levied $170,000 in fines following investigations into ransomware breaches.

Bank Info Security 1 year, 6 months ago

Staten Island Hospital Notifying 674,000 of May 2023 Hack

Data Theft Incident Also Disrupted IT Systems for Nearly a MonthRichmond University Medical Center, a 440-bed teaching hospital on Staten Island, N.Y, is notifying 674,000 people of a data theft that happened 18 months ago. The breach was part of a ransomware attack that disrupted the organization's IT systems for several weeks in spring 2023.