The latest edition of the ISMG Security Report discusses securing RDP to prevent ransomware attacks. Also featured: A look at three likely scenarios for the COVID19 pandemic, and an analysis of why we're still using PINs for certain card payments.
Security experts and law enforcement officials have long argued that paying ransoms doesn't pay. For starters, it directly funds the cybercrime ecosystem and makes it attractive for criminals to keep launching ransomware attacks.
Magellan Health, a U.S. managed care company that focuses on specialty areas of healthcare, says it was hit by a ransomware attack that involved the exfiltration of data. Ransomware gangs are increasingly going beyond encrypting data, stealing information to put more pressure on victims to pay ransoms.
Australian shipping giant Toll Group has vowed to again not pay a ransom after suffering its second ransomware attack of the year. In the latest incident, however, the company warns that attackers also stole corporate data - and it may get leaked.
After suffering a ransomware attack last October that left several systems inaccessible, mailing equipment manufacturer Pitney Bowes reports that it recently blocked another ransomware attack before any data was encrypted and says there's "no evidence of further unauthorized access to our IT systems."
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million, according to the company's latest financial report. The company has said that the Maze ransomware gang was behind the attack.
The latest edition of the ISMG Security Report analyzes the rising costs of ransomware attacks and the latest victims. Also featured: An assessment of Australia's new contact-tracing app designed to help battle the spread of COVID-19, and a discussion of applying the "zero trust" model to the remote workforce.
The average ransom paid by victims to ransomware attackers reached $111,605 in the first quarter of this year, up 33% from the previous quarter, reports ransomware incident response firm Coveware, which sees the Sodinokibi, Ryuk and Phobos malware families continuing to dominate.
Many attackers continue to camp out in networks for months, conducting reconnaissance and stealing sensitive data before unleashing ransomware. Experts say many recent efforts trace to gangs wielding the RobbinHood, Valet Loader, NetWalker, PonyFinal, Maze and Sodinokibi strains of crypto-locking malware.
The gang behind Black Rose Lucy malware, which targets Android users, has added ransomware capabilities, according to Check Point Research. The malware, which dates back to 2018, originally was designed as a malware-as-a-service botnet and dropper for other malicious code.
Because it's inevitable that some attackers will get around defenses, Kettering Health Network added an extra layer of endpoint security to help mitigate the risks posed by ransomware and other cyberthreats, says Michael Berry, director of information security. He describes what's unusual about the approach.
Despite the ongoing COVID-19 pandemic, the healthcare sector faces an ongoing surge of hack attacks that too often disrupt systems and patient care. Among the latest victims is a hospital in Pueblo, Colorado, which is still recovering after apparently having been hit by ransomware.