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Ransomware, Security News

MegaCortex ransomware attacks spike

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A spike in activity surrounding the relatively new ransomware MegaCortex was detected on May 1 hitting North America and several European nations. MegaCortex, a take on Metacortex from The Matrix, first surfaced in late January when it was uploaded to VirusTotal from the Czech Republic. Since February there have been 76 confirmed attacks using the…
Ransomware, Security News

MegaCortex variant redesigned a self-executing, incorporates features of previous version

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A new variant of MegaCortex ransomware making its way across the U.S. and Europe has been recast as a self-executing menace that doesn’t require a password and is aimed at enterprises, according to a technical analysis released by researchers at Accenture iDefense. “The disadvantage of the first version was that actors had to run the…
Cybercrime, Data Breach, Ransomware, Security News

MegaCortex ransomware variant threatens data breach, alters credentials

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A newly discovered variant of MegaCortex ransomware goes well beyond just encrypting victims’ files — it also changes their Windows passwords and threatens to publish their stolen data if they fail to pay. In a report earlier this week, BleepingComputer said it helped analyzed the new strain after it was discovered by MalwareHunterTeam and subsequently…
Ransomware, Security News

Cloud-hosting firm iNSYNQ shut down by MegaCortex ransomware

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The QuickBooks cloud-hosting firm iNSYNQ is still in recovery mode after being hit with a MegaCortex ransomware attack that forced it offline last week and the company expects it to take at least several more days to get all its customers back online. Company CEO Elliot Luchansky said in a July 22 blog post that…
Cybercrime, Events, Malware, Ransomware, Security News

Destructive malware attacks double as attackers pair ransomware with disk wipers

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IBM Security’s X-Force Incident Response and Intelligence Services (IRIS) team reported this week that it witnessed a 200 percent increase in destructive malware attacks over the first half of 2019, compared to the second half of 2018. These malware attacks typically incorporated a disk wiper component to them. Wipers are historically associated with nation-state-sponsored attacks…
Ransomware, Security News

Captives of industry

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Ransomware is everywhere. It plagues businesses big and small, across the globe, even in the most hidden corners. Still, over the past year, certain industries have been feeling the pain more than others. A Malwarebytes quarterly report released last August found that detections of ransomware among organizations rose 365 percent from Q2 2018 to Q2…
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