The COVID-19 pandemic has introduced new risks for enterprises as employees access corporate networks and applications from home. Sudip Banerjee of Zscaler says that cloud security solutions offer advantages over VPNs.
The University of California San Francisco says it paid a $1.14 million ransom earlier this month to obtain decryptor keys to unlock several servers within its school of medicine that were struck with ransomware.
It's a good time to be a CISO. You have the board's attention, and now you can use your position to ensure appropriate resources to tackle key challenges such as identity & access, cloud application security and third-party risk. Expel CISO Bruce Potter discusses how best to influence these decisions.
The Evil Corp cybercrime group, originally known for the Dridex banking Trojan, is now using new ransomware called WastedLocker, demanding ransom payments of $500,000 to $1 million, according to security researchers at NCC Group's Fox-IT.
Many ransomware gangs hell-bent on seeing a criminal payday have now added data exfiltration to their shakedown arsenal. Gangs' extortion play: Pay us, or we'll dump stolen data. One massive takeaway is that increasingly, ransomware outbreaks also are data breaches, thus triggering breach notification rules.
Four recent cybersecurity incidents that may have involved ransomware demonstrate the ongoing threats facing the sector during the COVID-19 pandemic. They also serve as a warning that extra watchfulness is needed as physicians reopen their clinics.
When organizations eventually allow employees to return to their offices after the COVID-19 crisis subsides, they may discover "more network intrusions, data exfiltration and data breaches," says U.K. cybercrime expert Andrew Gould, who implores organizations to report these incidents to authorities.
The latest edition of the ISMG Security Report discusses recent research on the cyberthreats in multicloud environments and how to mitigate them. Also featured: A ransomware risk management update; tips on disaster planning.
U.S. financial institutions are vulnerable to a new array of attacks from cybercriminals and nation-state hackers as a result of the COVID-19 pandemic, experts told a Congressional panel at a virtual hearing.
The Maze ransomware gang is continuing to exfiltrate data from victims before crypto-locking their systems, then leaking the data to try to force non-payers to accede to its ransom demands. Don't want to play ransomware gangs' latest games? The only way to opt out is by planning ahead.
Semiconductor manufacturer MaxLinear confirmed this week that it was hit by the Maze ransomware gang in April and some "proprietary information" was exfiltrated and personally identifiable information exposed.
Despite the rapid shift to a work-from-home environment, business continuity and resiliency thrived. Does this mean security teams were focused on the right risks all along? Perhaps in part, but gaps still need to be addressed, says Quentyn Taylor, director of information security for EMEA at Canon.
If your organization gets hit by ransomware, what should happen next? Ideally, organizations will get help to identify the best response, says Kroll's Alan Brill. He notes that many organizations are now carrying cyber insurance coverage, in part, to gain rapid access to incident response tools and expertise.
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