Network intrusion displaced phishing as the leading hack-attack tactic last year, while ransomware continued to surge as the pandemic complicated incident response efforts, says BakerHostetler's Craig A. Hoffman, who describes trends from the 1,250 incidents his firm helped manage.
The U.S. Department of Homeland Security is preparing cybersecurity regulations for the oil and gas industry in the wake of the ransomware attack on Colonial Pipeline Co. that resulted in the company suspending operations for several days, according to The Washington Post.
The U.K.-based insurance firm One Call says it has successfully restored its systems in a new environment that is separate from the one that was impacted by a ransomware attack May 13, adding that a ransomware note which purported to be from DarkSide could not be verified as authentic.
The increasing number of cyberthreats, especially ransomware attacks, is leading some cyber insurers to raise premiums and limit some coverage in hard-hit sectors, such as healthcare and education, according to a report from the Government Accountability Office.
Insurance company CNA's apparent decision to pay attackers a $40 million ransom and Colonial Pipeline Co.'s payment of a $4.4 million ransom are stirring debate over whether such payments should be banned under federal law.
The FBI is warning healthcare organizations and first-responder networks about Conti ransomware attacks, advising them to take measures to help prevent becoming a victim.
Ransomware attacks are stuck on repeat: Criminal syndicates have found an extremely profitable business model, and they're milking it for all it's worth. So give the city of Tulsa, Oklahoma, credit for having in place robust disaster recovery capabilities and vowing to remediate, rather than pay criminals.
After revealing Colonial Pipeline Co. paid attackers $4.4 million after a ransomware attack, CEO Joseph Blount has been scheduled to testify at a House Homeland Security Committee hearing June 9.
"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.
Security researchers who track ransomware often think such attacks must have hit their peak and can't get any worse - but then they do, thanks to top gangs continually improving the sophistication of their criminal enterprises, say McAfee's Raj Samani and John Fokker.
While ransomware attacks are largely viewed as cybersecurity incidents, there are critical data privacy concerns that must always be top of mind, says Jodi R. Daniels, founder and CEO of privacy consultancy Red Clover Advisors.
The ransomware challenge facing organizations today traces directly to the success being enjoyed by gangs who wield such malware, says Palo Alto Networks' Jen Miller-Osborn, who describes new strategies to help disrupt this cybercrime business model, including the launch of the new Ransomware Task Force.
In the wake of recent attacks on supply chains and critical infrastructure, Adrian Mayers says it's time for cybersecurity to be seen as an issue of national defense, and that cybersecurity leaders throughout the private and public sectors must embrace their role to protect national interests.
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