The FBI secretly hacked and disrupted the Hive ransomware gang, preventing the group from collecting more than $130 million in ransomware demands from more than 300 victims.
Tag: ransomware
Top Main Drivers of Cyber Loss Are FFT & Ransomware: Corvus
It’s expected that ransomware and FFT (Fraudulent Funds Transfer) are to remain the top drivers of cyber loss.
U.S. to Investigate Cyberattacks Linked to Lapsus$
The Biden administration announced on Friday that it would investigate recent hacks linked to Lapsus$.
Cyber Insurance Market Begins to Stabilize
The market for cyber insurance, according to observers, has begun to stabilize after a surge in ransomware attacks in recent years pushed up premiums dramatically.
Cybercriminals Return After Getting Ransomware Payments
More than a third (36%) of companies that paid a ransom were later targeted by cyber criminals a second time.
U.S. Banks Processed About $1.2B in Ransomware Payments in 2021
U.S. banks and financial institutions processed roughly $1.2 billion in likely ransomware payments in 2021.
Cybersecurity Top Investment Priority in 2023 for CIOs
Chief information officers have stated that cybersecurity will be their top investment priority in 2023, demonstrating how businesses are racing to manage the business risk posed by escalating threats. Companies are facing an increase in cyberattacks, such as the 2021 Colonial Pipeline ransomware attack, which impacted fuel distribution in the eastern United States. This month,… Continue reading Cybersecurity Top Investment Priority in 2023 for CIOs
Cyberattack Hits Los Angeles School District
A ransomware attack on the massive Los Angeles school district prompted an unprecedented shutdown of its computer systems, as schools become increasingly vulnerable to cyber breaches at the start of the school year. The Los Angeles Unified School District attack sounded alarms across the country, from urgent talks with the White House and the National… Continue reading Cyberattack Hits Los Angeles School District
Ransomware, Email Compromise Are Top Security Threats While Deepfakes Increase
While ransomware and business email compromise (BEC) are the most common causes of security incidents for businesses, geopolitics and deepfakes are becoming more prevalent, according to reports from two leading cyber security firms. According to VMware’s 2022 Global Incident Threat Response Report, there is a steady increase in extortionate ransomware attacks and BEC, as well… Continue reading Ransomware, Email Compromise Are Top Security Threats While Deepfakes Increase
APCIA Offers Cybersecurity and Data Security Best Practices for Businesses
With ransomware attacks increasing in both frequency and severity, APCIA and its Cyber Insurance Subcommittee have developed a paper that outlines cybersecurity and data security best practices for businesses. “Prevention is a business’ best defense against a ransomware attack and this paper provides a range of data security hygiene steps that businesses and individuals can… Continue reading APCIA Offers Cybersecurity and Data Security Best Practices for Businesses