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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, 2 months ago

ISMG Editors: Why Synthetic ID Fraud Is on the Rise

Also: More Support for Ransomware Victims, Key Takeaways From RSA 2024In the latest weekly update, ISMG editors discussed key takeaways from the RSA Conference, delve into the surge of synthetic ID fraud in the auto lending industry, and examine a new initiative by the UK's National Cyber Security Centre and major insurance associations to combat ransomware threats.

TLDR: Peace in our time is really really hard Interview On Wednesday the FBI and international cops celebrated yet another cybercrime takedown – of ransomware brokerage site BreachForums – just a week after doxing and imposing sanctions on the LockBit ransomware crew's kingpin, and two months after compromising the gang's website.…

Bank Info Security 2 years, 2 months ago

Australia Investigating Large-Scale Medical Billing Hack

e-Prescription Provider Brings in Government on Ransomware ResponseAustralian e-prescription firm MediSecure said it is dealing with a large-scale cyberattack that could affect the personal and health information of millions of patients. The company says it is working with the Australian government on a "whole-of-government response" to the ransomware attack.

Bank Info Security 2 years, 2 months ago

Judge Denies Class Certification in Blackbaud Hack Lawsuit

2020 Attack Affected 13,000 Blackbaud Clients, 1.5 Billion of Their 'Constituents'A federal judge has denied class certification in consolidated proposed class action litigation against Blackbaud stemming from the fundraising software vendor's 2020 ransomware attack that affected 13,000 clients and compromised data of about 1.5 million donors, patients and other individuals.

Bank Info Security 2 years, 2 months ago

Report: 11 Vulnerabilities Found in GE Ultrasound Devices

GE HealthCare Says Risks Can Largely Be Mitigated Through Security Best PracticesSecurity researchers have found 11 vulnerabilities in certain GE HealthCare ultrasound products that could allow malicious actors to physically implant ransomware or manipulate patient data stored on the affected devices. GE said the risks can be mitigated through best security practices.

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