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Ransomware, Security News

Ransom payments averaging $41,000 per incident

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The average ransom payment paid out by victims increased 13 percent, to $41,000, during the last three months, but researchers noted the rate of increase has plateaued. Researchers at Coveware credited the victims with being better prepared to restore their data on their own negating the need to pay the ransom. However, that was not…
Government/Defense, Ransomware, Security News

REvil attackers who threatened celebrity law firm, Trump, strike food distributor

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The REvil/Sodinokibi ransomware hackers that struck celebrity law firm Grubman, Shire, Meiselas and Sacks and threatened to release information on clients like Lady Gaga and Madonna as well as President Trump likely exploited an unpatched Citrix vulnerability, and have now turned their sights to a major food company, Sherwood Forest and Harvest Distributors. “…Sherwood has…
Ransomware, Security News

Average ransom payment up 33 percent in Q1, Sodinokibi and Ryuk top variants

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The ever industrious and forward-looking groups behind the majority of ransomware attacks essentially reinvented the business during the first quarter of 2020 developing new tools and methods that helped boost their success rate. The advent of the COVID-19 pandemic certainly helped these cybercriminals by giving them additional avenues to pursue but the new strategies would…
Privacy & Compliance, Ransomware, Security News

SMBs imperiled as low-end RaaS grows more powerful

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As Ransomware-as-a-Service (RaaS) has simultaneously grown more powerful and easier to use, just about anyone can launch successful, damaging ransomware attacks on organizations. Small and medium businesses are particularly vulnerable to the widening variety of tactics –from the “spray and pray” favored by Avaddon to the mass-market-based business model used by Dharma RaaS. “The skills…
Cybercrime, Malware, Ransomware, Security News

Snatch ransomware encrypts files in Safe Mode to thwart security software

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A cybercriminal organization has been attacking Windows users with a hybrid ransomware and data stealer program that encrypts machines while in Safe Mode in order to render endpoint protection programs moot. Dubbed Snatch, the malware “runs itself in an elevated permissions mode, sets registry keys that instructs Windows to run it following a Safe Mode…
Coronavirus, Cybercrime, Ransomware, Security News

Some cybercriminals consider laying off health care targets amid COVID-19 crisis

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Certain members of the cybercriminal community, including a few malware developers and operators, have reportedly expressed a willingness to avoid attacking health care companies and other organizations that are key to battling the COVID-19 pandemic. Meanwhile, two cyber firms have pledged to offer free services to health care organizations hit by ransomware. BleepingComputer this week…
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