The Evil Corp cybercrime group, originally known for the Dridex banking Trojan, is now using new ransomware called WastedLocker, demanding ransom payments of $500,000 to $1 million, according to security researchers at NCC Group's Fox-IT.
Enterprises need to move away from manual threat detection methods to leverage artificial intelligence, which can help boost defenses, says Dr. Jassim Haji, president of Artificial Intelligence Society, Bahrain Chapter.
Many ransomware gangs hell-bent on seeing a criminal payday have now added data exfiltration to their shakedown arsenal. Gangs' extortion play: Pay us, or we'll dump stolen data. One massive takeaway is that increasingly, ransomware outbreaks also are data breaches, thus triggering breach notification rules.
Hackers wielding Nefilim ransomware are targeting unpatched or poorly secured Citrix remote-access technology, then stealing data, unleashing crypto-locking malware and threatening to dump data to try to force payment, New Zealand's national computer emergency response team warns.
The latest edition of the ISMG Security Report discusses recent research on the cyberthreats in multicloud environments and how to mitigate them. Also featured: A ransomware risk management update; tips on disaster planning.
The Maze ransomware gang is continuing to exfiltrate data from victims before crypto-locking their systems, then leaking the data to try to force non-payers to accede to its ransom demands. Don't want to play ransomware gangs' latest games? The only way to opt out is by planning ahead.
Semiconductor manufacturer MaxLinear confirmed this week that it was hit by the Maze ransomware gang in April and some "proprietary information" was exfiltrated and personally identifiable information exposed.
If your organization gets hit by ransomware, what should happen next? Ideally, organizations will get help to identify the best response, says Kroll's Alan Brill. He notes that many organizations are now carrying cyber insurance coverage, in part, to gain rapid access to incident response tools and expertise.
Scammers are looking to capitalize on the extortion campaigns being conducted by the Maze ransomware gang and others by demanding thousands of dollars in ransom to not release data they claim to have exfiltrated when in fact no attack took place and no data was removed, according to security firm WebARX.
The attack sounds ripped from an episode of TV show "24": Hackers have infiltrated a government network, and they're days away from unleashing ransomware. Unfortunately for Florence, a city in Alabama, no one saved the day, and officials are sending $300,000 in bitcoins to attackers for a decryption key.
The prolific Maze ransomware gang has been tied to yet more attacks, including against Singapore-based defense contractor ST Engineering's North American subsidiary, VT San Antonio Aerospace. Separately, the ransomware gang breached systems at nuclear missile contractor Westech.
The Maze ransomware gang is hosting and promoting data stolen by other ransomware operators on its "Maze News" website, according to IBM researchers, who are concerned this could be a sign of growing collaboration among cybercrime groups.
Ransomware-wielding attackers are typically breaking into victims' networks using remote desktop protocol access, phishing emails or malware that's sometimes used in drive-by attacks against browsers, experts warn, advising organizations to make sure they have the right defenses in place.
The latest edition of the ISMG Security Report analyzes why cyberattacks against banks have surged in recent weeks. Plus: The increasingly ruthless tactics of ransomware gangs; cybersecurity strategies for small businesses.