Items tagged with Ransomware

Last November, two weeks after the Biden administration held the second International Counter Ransomware Summit, the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA), and the Department of Health and Human Services (HHS) published a joint cybersecurity advisory warning... Read more...
This past July, we wrote about a report published by Coverware that found that the dollar value of the median ransomware payment was on a downward trajectory beginning in Q1 2022 and continuing in Q2 of the same year. However, we weren’t sure whether this decrease in the value of individual payments would reflect in... Read more...
It's not often that malicious actors in the malware and virus space apologize, but that is exactly what happened on New Year's Eve after a ransomware attack targeted a children's hospital system in Canada. The LockBit ransomware gang found out recently that one of its affiliates breached the rules of the... Read more...
This week, Lake Charles Memorial Health System (LCMHS) in Louisiana published a notice informing its patients of a cybersecurity incident that occurred back in October of this year. According to the notice, threat actors gained unauthorized access to the healthcare system’s internal network between October 20 and 21... Read more...
This week, the Health Sector Cybersecurity Coordination Center (HC3), which is part of the US Department of Health and Human Service (HHS), issued a report warning the healthcare industry about the threat posed by a new ransomware group that operates under the name “Royal.” This report comes a little over a month after the Biden administration Read more...
Researchers at the cybersecurity company Cyble have published a technical analysis of a new ransomware known as “AXLocker.” Aside from the regular data encryption performed by ransomware, AXLocker also searches victims’ systems for Discord login tokens, then hands these tokens over to the threat actor behind the... Read more...
Two weeks ago, the Biden administration convened the second International Counter Ransomware Summit, warning that ransomware attacks are outpacing efforts to mitigate them. Now, the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA), and the Department of Health and... Read more...
Today and tomorrow, the White House is convening the second International Counter Ransomware Summit with representatives from over thirty countries and fifteen cybersecurity companies in attendance. This event comes after last year’s first ever summit of the same name, which was held virtually. Leading up to this... Read more...
On September 5, Los Angeles Unified School District (LAUSD), the second largest school district in the United States, published a news release disclosing a ransomware attack on its internal systems. While LAUSD is far from the only school to have been hit by ransomware this year, the size of the school district has... Read more...
Threat analysis teams from two different cybersecurity firms, Cyderes and Stairwell, have published a joint report detailing a new ransomware technique that may be the next big evolution in ransomware. Rather than encrypting data on victims’ computers, ransomware may soon corrupt the data instead, rendering it... Read more...
Ransomware attacks have been targeting school districts, hospitals, government organizations, businesses, and even hospitals in recent years. It's a rather nasty piece of work; it can cause loss of data, stolen data, more viruses, and even inaccessibility to systems necessary for operations. An entire town in Canada... Read more...
Over the weekend, a ransomware attack hit a French hospital, forcing the facility to turn away patients. The staff of the affected hospital, the Centre Hospitalier Sud Francilien (CHSF), has had to return to using pen and paper to keep track of patients, as the main computer systems have been rendered inaccessible... Read more...
An Android banking Trojan with an already extensive toolkit recently gained a ransomware module. While banking malware is an all too prevalent a threat for mobile devices, ransomware isn’t a technique commonly deployed against mobile devices, making this particular piece of malware notable. Banking Trojans come in the... Read more...
In May of last year, Colonial Pipeline was struck by a ransomware attack, prompting the Colonial Pipeline Company to take certain systems offline in an attempt to contain the attack. As a result, all pipeline operations were temporarily halted, shutting off the flow of fuel to the eastern seaboard. Shortly thereafter... Read more...
Ransomware can be both disruptive and costly for its victims. A recent report found that the total downtime resulting from ransomware attacks in 2021 cost schools a whopping $3.56 billion. The sudden encryption of data on computer systems critical to an organization’s regular operations presents a major problem when... Read more...
Ransomware attacks have been on the rise. This time around, the small Ontario, Canada town of St. Marys has been targeted. The ransomware organization behind the attack seems to be LockBit. So far though, no ransom has been paid. The town itself claims that most city functions are still operational and staff are still... Read more...
We cover both ransomware and Elden Ring fairly regularly here at HotHardware, but it’s a sad day when those two things meet. The ransomware attacks that often receive the most coverage are those that disrupt major supply lines and infrastructure, raising national security concerns. However, ransomware gangs carry out... Read more...
A cybersecurity report published last month revealed the passwords most commonly used by business owners and executives, and topping this list were “123456” and “password.” The commonality of such remarkably weak passwords among not just ordinary users, but high-ranking executives of large corporations is almost... Read more...
It's a new era and there's a new bully in schools. A financial bully to the school administrations, at least. That bully is ransomware, and he's an annoying jerk. Ransomware is an ever increasing threat that most recently has affected schools, governments, hospitals, and even individual users. This particular type... Read more...
Shortly after hitting Parker Hannifin Corporation, a major component supplier for Boeing and Lockheed Martin, the Conti ransomware group abandoned the Conti name and split off into smaller groups that coordinate with the larger group’s leadership. This move came after Conti targeted the government of Costa Rica with... Read more...
Ransomware is bad news not only because it can cause business-ending disruptions, as in the case of Abraham Lincoln College, but also because the actors behind ransomware attacks often exfiltrate data from compromised systems in addition to encrypting the data on said machines. Ransomware gangs tend to use this stolen... Read more...
The prevalence of ransomware attacks is rising year-over-year at a rapid pace, with 2021 marking a doubling in the number of reported attacks over 2020. As ransomware attacks have become a prominent and lucrative form of cyberattack, a market has developed for cybercriminals to buy and sell ransomware. Some of these... Read more...
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