Hotel and casino giant MGM Resorts says the recent hack attack against it cost $110 million in lost revenue and mitigation expenses. The publicly traded company expects to recoup losses and costs to date via cyber insurance. MGM Resorts says that its investigation remains ongoing.
Clorox said Wednesday an August cyberattack had caused a drop in the bleach manufacturing giant's sales and profits in the quarter ended Sept. 30. The company said organic sales will drop between 21% and 26% due to widespread disruption, order processing delays and product outages after the hack.
What do "bank transfer request.lnk" and "URGENT-Invoice-27-August.docx.lnk" have in common? Both are the names of malicious files being sent as part of a phishing campaign attributed to the Qakbot botnet group that has continued despite law enforcement disrupting Qakbot's operations in late August.
Ransomware hackers are using a critical flaw in a DevOps tool, days after developer JetBrains issued a critical security update to patch its TeamCity build management and continuous integration server. Servers such as TeamCity are high-value targets since they manage source code, keys and secrets.
Ransomware-as-a-service gang Alphv/BlackCat claims to have stolen 6 terabytes of data on 2.5 million patients in a recent attack on Michigan-based McLaren Health Care, which operates 13 hospitals and a network of cancer centers. The incident is part of the group's rash of recent attacks.
UNC3944 and BlackCat have taken over the headlines with a new wave of high-profile ransomware attacks on casinos and other industries, continuing an upward trend of damaging attacks impacting global organizations.
An August cyberattack on a national hospital chain may make medical care in underserved areas of Connecticut even harder to obtain now that a would-be buyer said it's having second thoughts about going through with the deal. The Rhysida group claimed responsibility for an attack on Prospect Medical.
Contrary to the popular notion that ransomware hackers are sophisticated launderers of their stolen money, research shows they use straightforward mechanisms to transfer their bitcoin - allowing researchers to follow their money trail. Only a small number of them transacted with a crypto mixer.
Welcome to "Cyber Fail" - ISMG's roundup of all that's broken in the world of cybersecurity, where our panel of experts uncovers the fails so we can strengthen our defenses. In this episode, ISMG host Anna Delaney takes on bumbling cybercrooks, avoidable breaches and the ethics of paying a ransom.
A medical center president and school district IT leader talked to lawmakers Wednesday about lessons learned from their experiences responding to harrowing ransomware attacks. 'The cyberattack was much harder than the pandemic by far,' said Vermont Medical Center President Stephen Leffler.
An apparently new hacking group has connections to a number of name-brand ransomware-as-a-service groups including Conti spinoffs and possibly Clop, making it a notably versatile addition to the criminal underground. Group-IB researchers dubbed the group ShadowSyndicate.
A data security startup led by a Microsoft and Google veteran and backed by Samsung and CrowdStrike could soon be acquired by Palo Alto Networks. The company is in advanced talks to buy data security posture management startup Dig Security for between $300 million and $400 million.
Information Security Media Group recently concluded its Cybersecurity Summit: London, which brought together industry leaders for a day of informative sessions covering a diverse range of critical cybersecurity topics, including CISOs' vulnerability to liability, ransomware threats and burnout.
Chicago-based CommonSpirit is still waiting to hear back on its insurance claim for an October 2022 ransomware attack, but the hospital chain said disruption of some facilities and "significantly" hampered billing and collection activities contributed to a $1.4 billion operating loss for the year.
MGM Resorts International says its hotels and casinos are now operating "normally" after the company was hit by ransomware-wielding attackers. Even so, numerous systems remain offline - including digital room key cards - as the company seeks to rebuild its IT infrastructure.
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