Cyber insurance provider Coalition Inc. says its clients' average claims for losses when they were hit by a ransomware attack totaled $184,000 in the first half of this year, down 45% compared to the second half of 2020. Negotiating lower ransoms and more efficient recovery were key factors.
A new ransomware group called BlackMatter has debuted, claiming to offer the best features of REvil and DarkSide - both apparently defunct - as well as LockBit. A new attack using REvil's code has also been spotted, but a security expert says it's likely the work of a former affiliate.
Europol says the "No More Ransom" project, a portal launched five years ago, so far has helped more than 6 million ransomware victims worldwide recover their files for free so they could avoid paying almost 1 billion euros ($1.2 billion) in ransoms.
Congress needs to update and expand federal laws to combat the surge in ransomware attacks, federal cybersecurity experts told a Senate committee at a Tuesday hearing.
Security experts offer an analysis of Gartner's new strategic road map for SASE adoption that emphasizes the need for a detailed migration plan and offer tips for a successful rollout.
Remote management software company Kaseya says it obtained the ability to decrypt all victims of a massive REvil - aka Sodinokibi - attack via its software, without paying a ransom to attackers. But Kaseya has still not revealed how it obtained the decryption key, except to say it was supplied by a third party.
A recently discovered ransomware-as-a-service gang dubbed AvosLocker is recruiting affiliates and partners, including "pentesters" and "access brokers," on darknet forums, according to the security firm Malwarebytes.
Good news on the ransomware front: The average ransom paid by a victim dropped by 38% from Q1 to Q2, reaching $136,576, reports ransomware incident response firm Coveware. In addition, fewer victims are paying a ransom simply for a promise from attackers to delete stolen data.
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.
Remote management software vendor Kaseya has obtained a decryption tool for all organizations affected by the massive ransomware attack launched via its software. The tool should especially help the many small businesses still struggling to recover. Kaseya declined to comment on how it obtained the decryptor.
Saudi Aramco, one of the world's largest oil and natural gas firms, has confirmed that company data was leaked after one of its suppliers was breached. Extortionists are reportedly demanding a $50 million ransom - payable in monero cryptocurrency - for a promise to delete the stolen data.
What's up with REvil? Questions have been mounting since the notorious ransomware operation went quiet on July 13, not long after unleashing a mega-attack via remote management software vendor Kaseya's software. The Biden administration has welcomed REvil's online shutdown but says it doesn't know the cause.
Marcus Christian, a former executive assistant U.S. attorney, implores businesses to not immediately abandon their incident response plans once it appears a suspected incident is resolved.
Campbell Conroy & O’Neil, a Boston-based law firm that serves Fortune 500 firms, including Apple and Pfizer, is continuing its investigation of a ransomware attack in February that resulted in unauthorized access to certain data about its clients.
The blockchain analysis firm Elliptic offers a step-by-step case study, based on its research, of how one victim of the REvil ransomware gang negotiated a lower ransom payment. The study offers insights into how REvil operated before its online infrastructure disappeared last week.
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