News November 18, 2024

Research finds 56% increase in active ransomware groups

4 min read - Any good news is welcomed when evaluating cyber crime trends year-over-year. Over the last two years, IBM’s Threat Index Reports have provided some minor reprieve in this area by showing a gradual decline in the prevalence of ransomware attacks — now…

News May 8, 2024

Change Healthcare attack expected to exceed $1 billion in costs

3 min read - The impact of the recent Change Healthcare cyberattack is unprecedented — and so are the costs. Rick Pollack, President and CEO of the American Hospital Association, stated, “The Change Healthcare cyberattack is the most significant and consequential incident of its…

Risk Management April 11, 2024

Ransomware payouts hit all-time high, but that’s not the whole story

3 min read - Ransomware payments hit an all-time high of $1.1 billion in 2023, following a steep drop in total payouts in 2022. Some factors that may have contributed to the decline in 2022 were the Ukraine conflict, fewer victims paying ransoms and…

Risk Management November 14, 2023

The evolution of ransomware: Lessons for the future

5 min read - Ransomware has been part of the cyber crime ecosystem since the late 1980s and remains a major threat in the cyber landscape today. Evolving ransomware attacks are becoming increasingly more sophisticated as threat actors leverage vulnerabilities, social engineering and insider…

Government September 19, 2023

How the FBI Fights Back Against Worldwide Cyberattacks

5 min read - In the worldwide battle against malicious cyberattacks, there is no organization more central to the fight than the Federal Bureau of Investigation (FBI). And recent years have proven that the bureau still has some surprises up its sleeve. In early…

News April 24, 2023

Why are a record low number of ransoms being paid?

4 min read - It wasn’t long ago when it seemed like ransomware had the world by the throat. In 2020, a study surveying over 5,000 IT managers found that ransomware hit over half of them in the prior year. Another study showed that…

Data Protection April 20, 2023

Triple extortion and erased data are the new ransomware norm

4 min read - The old days of “honest” ransomware gangs are long gone. In the past, ransomware groups pressured each other to honor file decryption promises after the ransom was paid. However, their motives were far from altruistic. They thought victims would be…

Risk Management April 10, 2023

How LockBit changed cybersecurity forever

4 min read - In every industry, visionaries drive progress and innovation. Some call these pioneers “crazy.” The same rule applies to the world of cyber gangs. Most threat groups try to maintain a low profile. They don’t seem to trust anyone and want…

News March 29, 2023

Hack-for-hire groups may be the new face of cybercrime

4 min read - Google’s Threat Analysis Group (TAG) recently released a report about growing hack-for-hire activity. In contrast to Malware-as-a-Service (MaaS), hack-for-hire firms conduct sophisticated, hands-on attacks. They target a wide range of users and exploit known security flaws when executing their campaigns.…

News March 15, 2023

Good guys decrypt ransomware targeting charitable groups

4 min read - Imagine you’re an IT manager amid a ransomware attack. While your team scrambles for solutions, the intruders demand a ransom. Of course, you don’t want to pay; you just want your files back. But as time ticks by and the…