Posts Tagged ‘ransomware attacks’

Clop Ransomware Gang Breaches Water Utility, Just Not the Right One

South Staffordshire in the UK has acknowledged it was targeted in a cyberattack, but Clop ransomware appears to be shaking down the wrong water company. South Staffordshire plc, a UK water-supply company, has acknowledged it was the victim of a cyberattack. Around the same time, the Clop ransomware group started threatening Thames Water that it would […]

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A ransomware reality check for CISOs

The dilemmas organizations must deal with are dizzying: To pay a ransom or not? Will cyber insurance provide adequate shelter? What’s the role of government? Are new mandates and penalties on the horizon? How are adversaries evolving their tactics? To make sense of it all, let’s first focus on the adversaries and their playbook. Cyber […]

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FIN7 cybercrime gang creates fake cybersecurity firm to recruit pentesters for ransomware attacks

The FIN7 hacking group is attempting to enter in the ransomware business and is doing it with an interesting technique. The gang space creates fake cybersecurity companies that hire experts requesting them to carry out pen testing attacks under the guise of pentesting activities. FIN7 is a Russian criminal group that has been active since mid-2015, it focuses on restaurants, […]

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Feds Warn of Ransomware Attacks Ahead of Labor Day

Feds Warn of Ransomware Attacks Ahead of Labor Day Though lots of people might be taking some time off over the Labor Day weekend, threat actors likely won’t — which means organizations should remain particularly vigilante about the potential for ransomware attacks, the federal government has warned. Citing historical precedence, the FBI and CISA put out […]

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Ransomware: What REALLY happens if you pay the crooks?

Governments and law enforcement hate it when ransomware victims pay the blackmail demands that almost always follow a ransomware attack, and you can understand why, given that today’s payments fund tomorrow’s cybercriminality. Of course, no one needs to be told that. Paying up hurts in any number of ways, whether you feel that hurt in your […]

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Dealing with ransomware attacks: What options do you have?

It might seem logical to try to negotiate the ransom demand down to an amount that isn’t going to break the bank but would still be enough to satiate cybercriminals’ thirst for cash. Unfortunately, this isn’t a good idea, because negotiations can backfire and even cause ransomware gangs to increase their ransom demands. This recently […]

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Small and medium‑sized businesses: Big targets for ransomware attacks

Why are small and medium-sized businesses a target for ransomware-wielding gangs and what can they do to protect themselves against cyber-extortion? According to a recent report by the Ponemon Institute, the biggest challenge faced by SMBs is a shortage of personnel to deal with cyber-risks, attacks, and vulnerabilities, while the second greatest problem revolves around […]

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