In July, 2020, cloud software firm Blackbaud announced that it had been the victim of a ransomware attack that began in February of 2020 and continued until Blackbaud was able to kick the attackers out of their system in May. In order to try to protect their clients from having personal and sensitive information on…
Search Results for: ransomware
Blockchain transactions confirm murky and interconnected ransomware scene
Catalin Cimpanu reports: A report published today by blockchain investigations firm Chainalysis confirms that cybercrime groups engaging in ransomware attacks don’t operate in their own bubbles but often switch ransomware suppliers (RaaS services) in a search for better profits. The report analyzed how Bitcoin funds were transferred from victims to criminal groups, and how the…
The National Cyber Investigative Joint Task Force Releases Ransomware Fact Sheet
The National Cyber Investigative Joint Task Force (NCIJTF) has released a new joint-seal ransomware fact sheet. This educational product is intended to provide the public important information on the current ransomware threat and the government’s response, as well as common infection vectors, tools for attack prevention, and important contacts in the event of a ransomware…
BR: Eletronuclear administrative network suffers ransomware attack
Luis Queiroz reports (translation): In a statement to the market, Eletrobras ensures that the systems of the administrative network of the subsidiary Eletronuclear are not connected, for security reasons, with the operating systems of the nuclear plants Angra I and Angra II. IT teams were able to contain the attack and prevent damage to the…
Rise in ransomware attacks mistakenly causing data destruction
Ionut Ilascu reports: More and more ransomware victims are resisting the extortionists and refuse to pay when they can recover from backups, despite hackers’ threats to leak the data stolen before encryption. This stance resulted in Q4 of 2020 seeing a significant decline in the average ransom payments compared to the previous quarter, says ransomware…
Ransomware payments are going down as more victims decide not to pay up
Danny Palmer reports: The average ransom paid to cyber criminals following a ransomware attack is falling as more companies become reluctant to give into extortion demands. Analysis by cybersecurity company Coveware has found that the average ransom payment paid following a ransomware attack decreased by a third in the final quarter of 2020, dropping to $154,108 from $233,817…