As ransomware continues to pummel organizations, if they do get hit, then from an incident response standpoint, what are the essential steps they should take to smooth their recovery? Veteran ransomware-battler Fabian Wosar, CTO of Emsisoft, shares essential steps and guidance for recovery.
The world is now focused on ransomware, perhaps more so than any previous cybersecurity threat in history. But if the viability of ransomware as a criminal business model should decline, expect those attackers to quickly embrace something else, such as illicitly mining for cryptocurrency.
This edition of the ISMG Security Report features three segments on battling ransomware. It includes insights on the Biden administration's efforts to curtail ransomware attacks, comments on risk mitigation from the acting director of CISA, plus suggestions for disrupting the ransomware business model.
The code used to build copies of Babuk ransomware - to infect victims with the crypto-locking malware - has been leaked, after someone posted the software to virus-scanning service VirusTotal. Whether the leak was intentional - perhaps a rival gang seeking to burn the operation - remains unclear.
The prolific Avaddon ransomware-as-a-service operation has announced its closure and released 2,934 decryption keys for free. Has the increased focus by Western governments on combating ransomware been driving this and other operations to exit the fray?
The White House has written to business leaders, urging them to prioritize having robust ransomware defenses in place. The move comes as the Biden administration pursues multiple strategies to combat ransomware and digital extortion, including ordering a new task force to coordinate all federal investigations.
The latest edition of the ISMG Security Report details the ongoing wave of ransomware attacks, including the disruption of JBS, the world's largest supplier of meat. Also featured are police busting criminals who formerly used the EncroChat communications network and the strategies for filling the cyber skills gap.
The FBI has attributed the ransomware attack against meat processing giant JBS to the REvil - aka Sodinokibi - ransomware-as-a-service operation. Security experts say the operation, which dates from 2019, appears to be run from Russia, and has been hitting increasingly large targets.
A newly uncovered ransomware variant dubbed 'Epsilon Red' is targeting organizations in the U.S. hospitality sector, with the threat actor successfully extorting $210,000 from one of its victims, a new report by security firm Sophos notes.
The latest edition of the ISMG Security Report features an analysis of the city of Tulsa's decision to refuse to pay a ransom following an attack. Also featured: Johnson & Johnson's CISO on shifting priorities; mitigating quantum computing risks.
"They’re playing games," is how one security expert describes Conti ransomware-wielding attackers' "gift" of a decryptor to Ireland's crypto-locked health service, while still demanding a ransom to not leak stolen health data. The same could be said of the DarkSide gang's promised retirement.
The past year has taught us much about resilience. But how do we update our tools and skills for the future? Vasu Jakkal, corporate vice president at Microsoft, discusses new, fundamental cybersecurity shifts and how our strategies for acquring skills and diversity must reflect them.
Attackers co-opted the Hancitor malware downloader and recently used it to deliver Cuba ransomware as part of an email spam campaign for data exfiltration and ransom extortion, a new report by security firm Group-IB finds.