Clop Raid: A Big Win in the War on Ransomware?

Yesterday’s noisy raid of the Clop ransomware gang in Ukraine was a major win according to most experts throughout the cybersecurity community, who said the moment marks a shift in the international war on ransomware. The raid, according to Ukrainian reports translated by eSpire analysts, included the arrests of six people in Kiev, the seizure … Continue reading Clop Raid: A Big Win in the War on Ransomware?

The many ways a ransomware attack can hurt your organization

Loss of revenue, brand and reputation damage, employee layoffs and business closures were some of the effects of a ransomware attack, according to Cybereason. vchal, Getty Images/iStockphoto Ransomware attacks can devastate an organization in obvious ways, most notably by preventing it and its customers or users from accessing critical data and resources. But such an … Continue reading The many ways a ransomware attack can hurt your organization

Ransomware Poll: 80% of Victims Don’t Pay Up

Meanwhile, in a separate survey, 80 percent of organizations that paid the ransom said they were hit by a second attack. Ransomware is on the rise, but what toll does it take on the real world? Threatpost set out to answer that question in an exclusive poll aimed at taking the pulse of organizations wrestling … Continue reading Ransomware Poll: 80% of Victims Don’t Pay Up

Ukraine arrests Clop ransomware gang members, seizes servers

Ukrainian law enforcement arrested cybercriminals associated with the Clop ransomware gang and shut down infrastructure used in attacks targeting victims worldwide since at least 2019. According to the Cyberpolice Department of the National Police of Ukraine the ransomware group is behind total financial damages of roughly $500 million. "Together, law enforcement has managed to shut … Continue reading Ukraine arrests Clop ransomware gang members, seizes servers

Ransomware Operators Strategies Evolve as Attacks Rise

Ransomware Operators' Strategies Evolve as Attacks Rise Security researchers find ransomware operators rely less on email and more on criminal groups for initial access into target networks. Corporate email inboxes remain a valuable target for many cybercriminals, but ransomware operators are finding new avenues into enterprise networks as defensive tools improve, new research shows. Ransomware … Continue reading Ransomware Operators Strategies Evolve as Attacks Rise

Avaddon ransomwares exit sheds light on victim landscape

A new report analyzes the recently released Avaddon ransomware decryption keys to shed light on the types of victims targeted by the threat actors and potential revenue they generated throughout their operation. On June 11th, the Avaddon ransomware gang decided to shut down their operation. As part of the shutdown, the ransomware gang anonymously shared … Continue reading Avaddon ransomwares exit sheds light on victim landscape

Experts Shed Light On Distinctive Tactics Used by Hades Ransomware

Cybersecurity researchers on Tuesday disclosed "distinctive" tactics, techniques, and procedures (TTPs) adopted by operators of Hades ransomware that set it apart from the rest of the pack, attributing it to a financially motivated threat group called GOLD WINTER. "In many ways, the GOLD WINTER threat group is a typical post-intrusion ransomware threat group that pursues … Continue reading Experts Shed Light On Distinctive Tactics Used by Hades Ransomware

G7 leaders ask Russia to hunt down ransomware gangs within its borders

G7 (Group of 7) leaders have asked Russia to urgently disrupt ransomware gangs believed to be operating within its borders, following a stream of attacks targeting organizations from critical sectors worldwide. The G7 member states also expressed their commitment to work together to address the escalating and immediate ransomware threat as a global challenge. "We … Continue reading G7 leaders ask Russia to hunt down ransomware gangs within its borders

Avaddon ransomware shuts down and releases decryption keys

The Avaddon ransomware gang has shut down operation and released the decryption keys for their victims to BleepingComputer.com. This morning, BleepingComputer received an anonymous tip pretending to be from the FBI that contained a password and a link to a password-protected ZIP file. This file claimed to be the "Decryption Keys Ransomware Avaddon," and contained … Continue reading Avaddon ransomware shuts down and releases decryption keys

JBS paid $11 million to REvil ransomware, $22.5M first demanded

JBS, the world's largest beef producer, has confirmed that they paid an $11 million ransom after the REvil ransomware operation initially demanded $22.5 million. On May 31, JBS was forced to shut down some of its food production sites after the REvil ransomware operators breached their network and encrypted some of its North American and … Continue reading JBS paid $11 million to REvil ransomware, $22.5M first demanded