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Ransomware, Security News

Ragnar Locker’s well-conceived ransomware attack on Energias de Portugal

Ragnar Locker’s ransomware attack on Energias de Portugal (EDP) and its subsequent 1,580 bitcoin, or $11 million, ransom demand indicates the attack was well thought out with the attacker fully understanding it’s victim’s financial capabilities. James McQuiggan, security awareness advocate at KnowBe4, told SC Media that Ragnar Locker’s general modus operandi is to charge a…
Ransomware, Security News

Travelex paid $2.3 million ransom, report

Travelex reportedly shelled out a $2.3 million ransom payment after being struck on New Year’s Eve with REvil/Sodinokibi ransomware. The company has not publicly stated it paid the ransom, but The Wall Street Journal reported that sources have indicated otherwise. In early January it was believed the attackers were seeking $3 million to release the…
Features, Security News

The hottest topic: Ransomware

The attacks that transpired last year alone arguably made ransomware the hot topic of the year and most likely a leading contender for 2020, as well, but a new element that cropped up late last year – attackers adding a layer of blackmail to the threat of locking a target’s computer system – solidified its…
Cybercrime, Finance, Ransomware, Security News, Vulnerabilities

Travelex recovering from ransomware, but more firms at risk of VPN exploit

Beleaguered foreign currency exchange company Travelex confirmed on Friday that the first of its U.K.-based customer-facing systems were back up and running after the New Year’s Eve discovery of Sodinokibi ransomware on its network prompted a shutdown of key systems. Meanwhile, a worrisome report revealed that dozens of major U.S. organizations and businesses have also failed…
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