Ransomware-wielding attackers treat infecting endpoints as a business and put customer relationship management principles to work, says Bill Siegel, CEO of ransomware incident response firm Coveware. He notes criminals "go after the low-hanging fruit because it's cheap and the conversion rate is high."
Three weeks after a ransomware attack slammed 22 Texas municipalities' systems, state officials say more than half of the cities have returned to normal operations and the rest have advanced to system restoration. Meanwhile, officials have shared lessons learned for managed service providers and customers.
The mayor of New Bedford, Massachusetts, took the unusual step this week of holding a press conference to describe a recent ransomware attack and explain why the city decided not to pay the $5.3 million ransom that was demanded.
Do criminal organizations prefer to target organizations that hold cyber insurance policies? A ProPublica report suggests that because cyber insurance policyholders are more likely to pay ransoms, they're a more frequent target. But some cybersecurity experts have expressed skepticism.
Ransomware-wielding attackers continue to target not just big businesses and large government agencies, but increasingly their smaller counterparts too. In Texas, officials say a campaign tied to a "single threat actor" infected 22 local government agencies on Friday.
With the GandCrab ransomware-as-service gang promising to retire - and free decryptors now aiding victims - rival Sodinokibi has already stepped into the void, security experts warn. Driven also by attackers wielding Ryuk, Dharma and Phobos, ransom payments by victims have been surging.
The debate over whether the U.S. government should have the right to force weak crypto on Americans has returned. Here's what hasn't changed since the last time: mathematics and the choice between strong crypto protecting us or weak encryption - aka backdoors - imperiling us all.
The latest edition of the ISMG Security Report discusses Cloudflare's harsh criticism of Verizon over an internet outage it labeled as a "small heart attack." Plus: sizing up the impact of GDPR; reviewing highlights of the ISMG Healthcare Security Summit.
Accounting software giant Wolters Kluwer is continuing to attempt to recover from a malware attack that has disrupted access to its cloud-based tax and accountancy software, which the company says is used by most major U.S. accounting firms and global banks. Some users say they've been left unable to do their jobs.
With cyberattacks, online espionage and data breaches happening at a seemingly nonstop pace, Western intelligence agencies are bringing many of their capabilities out of the shadows to help businesses and individuals better safeguard themselves and respond. We need all the help we can get.
Life after WannaCry and NotPetya: Europol, the EU's law enforcement intelligence agency, wants member states to be able to rapidly respond to the next big cyberattack against Europe. But with warnings of ongoing Russian election interference campaigns, the next big attack may already be underway.
Aluminum giant Norsk Hydro has been hit by LockerGoga ransomware, which was apparently distributed to endpoints by hackers using the company's own Active Directory services against it. To help safeguard others, security experts have called on Hydro to release precise details of how it was hit.