Home Tag "Ransomware"
Chester-Wisniewski-Director-Field-CISO-Sophos
News

Sophos: Half Of The UAE Businesses Opt To Pay Ransom

Deepak
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Sophos released its sixth annual State of Ransomware report, a vendor-agnostic survey of IT and cybersecurity leaders across 17 countries that studies the impact of ransomware attacks on businesses. This year’s survey found that nearly 50% of companies globally paid the ransom
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Ingram-Micro-Logo.jpg
News

Ransomware attack struck down Ingram Micro globally

Howsick
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Ingram Micro today issued the following statement regarding an ongoing system outage, stating that it has recently identified ransomware on certain of its internal systems. Promptly after learning of the issue, the Company took steps to secure the relevant environment,
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John Shier, field CTO, Sophos
News

Ransomware Payments Increase 500% In The Last Year: Sophos

Deepak
0
Sophos has released its annual “State of Ransomware 2024” survey report, which found that the average ransom payment has increased 500% in the last year. Organisations that paid the ransom reported an average payment of $2 million, up from $400,000 in 2023. However, ransoms are just one part of the cost. Excluding ransoms, the survey found the average cost of recovery reached $2.73 million, an increase of almost $1 million since the $1.82 million that Sophos reported in 2023. Despite the […]
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Four out of five attacks targeted in nature
Cyber Security

Four Out Of Five Attacks Targeted In Nature

Deepak
0
Positive Technologies has analyzed the relevant cyberthreats of Q2 2023. According to the report, the number of targeted attacks increased by 10% since the beginning of the year, now standing at 78%. Experts noted large-scale attacks that exploited vulnerabilities and numerous leaks of users’ personal data. Furthermore, the period saw an increase in successful cyberattacks on blockchain projects and an upsurge in ransomware activity targeting IT companies. The report also shows that the number of incidents in Q2 2023 rose by 17% year-on-year. Successful cyberattacks on businesses commonly resulted in leakage of confidential information (67%) and disruption of core operations (44%). Ransomware […]
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Ransomware
News

Sophos Uncovers New Connections Between Hive, Royal, And Black Basta Ransomware

Deepak
0
Sophos has released new findings into the connections between the most prominent ransomware groups this past year, including Royal, in its report, “Clustering Attacker Behavior Reveals Hidden Patterns.” Over the course of three months beginning in January 2023, Sophos X-Ops investigated four different ransomware attacks, one involving Hive, two by Royal, and one by Black Basta, and noticed distinct similarities between the attacks. Despite Royal being a notoriously closed off group that doesn’t openly solicit affiliates from underground forums, granular […]
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Fleming-Shi-CTO-of-Barracuda
News

Ransomware Attacks Have Doubled Across Key Industries

Deepak
0
Barracuda Networks published its fifth annual Threat Spotlight on ransomware. The new report looks at ransomware attack patterns that occurred between August 2022 and July 2023. An in-depth look at ransomware trends Barracuda researchers analysed 175 publicly reported successful ransomware attacks across the world between August 2022 and July 2023, and in the primary categories Barracuda has been tracking — municipalities, healthcare and education — the number of reported attacks have all doubled since last year and more than quadrupled since 2021. […]
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Nick-Edwards-Vice-President-Product-Management-at-Menlo-Security
Cyber Security

Menlo Security Unveils AI-Powered Phishing And Ransomware Protection

Deepak
0
Menlo Security has announced HEAT Shield and HEAT Visibility, the industry’s first suite of threat prevention capabilities designed to detect and block highly evasive threats targeting users via the web browser. Menlo Security HEAT Shield detects and blocks phishing attacks before they can infiltrate the enterprise network. It uses novel, AI-based techniques – including computer vision combined with URL risk scoring and analysis of the web page elements – to accurately determine in real time if the link being accessed […]
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Chester Wisniewski
Cyber Security

Education Sector Reports The Highest Rate Of Ransomware Attacks

Deepak
0
Sophos has released a new sectoral survey report, “The State of Ransomware in Education 2023,” which found that education reported the highest rate of ransomware attacks in 2022. Over the past year, 79% of higher educational organizations surveyed reported being hit by ransomware, while 80% of lower educational organizations surveyed were targeted—an increase from 64% and 56% in 2021, respectively. Additionally, the sector reported one of the highest rates of ransom payment with more than half (56%) of higher educational […]
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Kim-Grauer-Director-of-Research-Chainalysis
News

Crypto Crime Down 65% But Ransomware Headed For Huge Year

Deepak
0
The outlook of global crypto markets, which have been recovering well this year with the prices of digital assets like Bitcoin up over 80% as of June 30, has been infused with further positivity following the release of the latest Crypto Crime Midyear Update from Chainalysis. This research shows that cryptocurrency inflows to known illicit entities have declined by a staggering US$5.2billion (a 65% decrease) compared to the same time last year, while inflows to risky entities such as high-risk […]
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