$43 billion stolen through Business Email Compromise since 2016, reports FBI
Over US $43 billion has been lost through Business Email Compromise attacks since 2016, according to data released this week by the FBI. The FBI’s Internet Crime Complaint Center (IC3) issued a public service announcement on May 4 2022, sharing updated statistics on Business Email Compromise (BEC) attacks which use ... Read More
Ransomware costs show prevention is better than the cure
If your company is worried about the financial hit of paying a ransom to cybercriminals after a ransomware attack, wait until they find out the true cost of a ransomware attack. Because the total costs of recovering from the ransomware attack are likely to be much, much higher. That’s the ... Read More
REvil reborn? Notorious gang’s dark web site redirects to new ransomware operation
Sometimes referred to as Sodinokibi, the notorious REvil ransomware-as-a-service (RAAS) enterprise was responsible for a series of high profile attacks against the likes of the world’s biggest meat supplier JBS Foods and IT service firm Kaseya. However, it looked like its activities had come to a halt after law enforcement ... Read More
US Government warns of new malware attacks on ICS/SCADA systems
Agencies of the US Government have issued a joint warning that hackers have revealed their capability to gain full system access to industrial control systems that might help enemy states sabotage critical infrastructure. In a joint cybersecurity advisory issued by the Department of Energy, the Cybersecurity and Infrastructure Security Agency ... Read More
Companies are more prepared to pay ransoms than ever before
A new report, which surveyed 1200 IT security professionals in 17 countries around the world, has shone a light on a dramatic rise in the number of organisations willing to pay ransoms to extortionists. The ninth annual Cyberthreat Defense Report (CDR), produced by CyberEdge Group, shows that not only has ... Read More
AvosLocker ransomware – what you need to know
What is this AvosLocker thing I’ve heard about? AvosLocker is a ransomware-as-a-service (RaaS) gang that first appeared in mid-2021. It has since become notorious for its attacks targeting critical infrastructure in the United States, including the sectors of financial services, critical manufacturing, and government facilities. In March 2022, the FBI ... Read More
As tax deadlines approach, Emotet malware disguises itself in an IRS email
Security researchers have warned that they have seen a number of malicious email campaigns which pose as communications from the Internal Revenue Service (IRS). The post As tax deadlines approach, Emotet malware disguises itself in an IRS email appeared first on The State of Security ... Read More
Ragnar Locker ransomware – what you need to know
What is this Ragnar Locker thing I’ve heard about? Ragnar Locker is a family of ransomware, which first came to prominence in early 2020 when it became notorious for hitting large organisations, attempting to extort large amounts of cryptocurrency from its victims. So just your bunch of cybercriminals then? Yes, ... Read More
US legislation brings mandatory cyberattack and ransomware reporting one step closer
The US Senate has passed legislation designed to improve the cybersecurity of the Federal Government. The legislation, which consists of three bills, was unanimously passed by the Senate on Tuesday evening, and would – amongst other things – require organisations working in critical industry sectors to alert the US Government ... Read More
Manufacturing was the top industry targeted by ransomware last year
Global supply chains are bearing the brunt of ransomware attacks, according to a new report that finds manufacturing was the most targeted industry during 2021. Knocking financial services and insurance off the top of the heap after a long reign, the manufacturing industry was found by IBM to be the ... Read More
