Tag: ransomware

Businesses unprepared to deal with ransomware

Ransomware attacks continue to impact organizations worldwide with high costs, but businesses are still largely unprepared to deal with them. New data from Arcserve shows half of IT decision makers surveyed by Dimensional Research have been targeted by ransomware, 35…

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Ransomware becomes increasingly professionalized

The world of ransomware is becoming increasingly professional and it’s easier than ever for new entrants to get into the business. A new report from Tenable looks at the ransomware ecosystem and how it has become one of the biggest…

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Fewer new ransomware families could mean a chance to disrupt cybercrime activity

Although ransomware remained the most common threat last year the number of new ransomware families and unique variants discovered in 2021 decreased significantly compared to previous years. Researchers from WithSecure suggest that this could highlight a potential opportunity to disrupt…

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The rise of double extortion ransomware

Ransomware sign

We’ve become familiar with the widespread use of ransomware, but researchers at Rapid7 have been examining the rise of a newer phenomenon, ‘double extortion’. Pioneered by the Maze ransomware group, double extortion involves cybercriminals collecting files before encrypting them. Then…

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Countering the risk of ransomware with operational continuity

In recent years, organizations all over the world have been hit by increasingly sophisticated ransomware attacks. For some, the impact is so severe that normal business operations experience major disruption with a knock-on effect on customers and revenue. For others,…

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The benefits of implementing a multi-layered ransomware defense strategy

Ransomware is becoming a risk that UK organizations can’t afford to take, with rising financial and operational costs. A staggering 75 percent of UK organizations were hit with ransomware in 2021, and most of them (82 percent) paid the ransom,…

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Agriculture under threat as ransomware attacks go against the grain

The FBI has warned food and agriculture companies to be prepared for ransomware operatives to attack agricultural entities during planting and harvest seasons. The FBI warning notes previous ransomware attacks during these seasons against six grain cooperatives during the fall…

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Kaspersky releases free decryptor for Yanluowang ransomware

While the Russian security firm has fallen out of favor in recent months, Kaspersky has announced that it has managed to crack the Yanluowang ransomware. Yanluowang was discovered by Symantec last year, and now Kaspersky has identified a vulnerability in…

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Critical steps to ransomware protection in the cloud

The ransomware threat is very real with attacks growing in size and frequency, in part, because of the acceleration of digital transformation initiatives and the move to embrace digital services as well as the rapid implementation of hybrid ways of…

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Good backups are critical to recovering from ransomware

A new report from Enterprise Strategy Group (ESG), sponsored by Keepit, shows that granular and air-gapped backup are critical to data recovery when businesses are hit by ransomware. Of more than 600 respondents to the survey, 79 percent have experienced…

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