Europol says the "No More Ransom" project, a portal launched five years ago, so far has helped more than 6 million ransomware victims worldwide recover their files for free so they could avoid paying almost 1 billion euros ($1.2 billion) in ransoms.
Remote management software company Kaseya says it obtained the ability to decrypt all victims of a massive REvil - aka Sodinokibi - attack via its software, without paying a ransom to attackers. But Kaseya has still not revealed how it obtained the decryption key, except to say it was supplied by a third party.
Good news on the ransomware front: The average ransom paid by a victim dropped by 38% from Q1 to Q2, reaching $136,576, reports ransomware incident response firm Coveware. In addition, fewer victims are paying a ransom simply for a promise from attackers to delete stolen data.
With corporate America beginning to ask employees to come back to their offices in the fall, cybersecurity teams have the huge task of ensuring that the work environment is safe. This is particularly true of IoT devices, as many have been left unprotected for months.
A short-lived outage at the content delivery network supplier Akamai on Thursday which briefly knocked offline many corporate websites, is another indicator that companies need resiliency built into their systems. That means they should avoid relying on just one CDN provider, security experts say.
Remote management software vendor Kaseya has obtained a decryption tool for all organizations affected by the massive ransomware attack launched via its software. The tool should especially help the many small businesses still struggling to recover. Kaseya declined to comment on how it obtained the decryptor.
Global research uncovers IT security leaders’ key strategies for cloud complexity, remote work and supply chain attacks.
Security organizations have always been hard-pressed to keep up with the rising tide of data, the ever-expanding perimeter, and the increasing frequency and sophistication of attacks. Our...
Campbell Conroy & O’Neil, a Boston-based law firm that serves Fortune 500 firms, including Apple and Pfizer, is continuing its investigation of a ransomware attack in February that resulted in unauthorized access to certain data about its clients.
The blockchain analysis firm Elliptic offers a step-by-step case study, based on its research, of how one victim of the REvil ransomware gang negotiated a lower ransom payment. The study offers insights into how REvil operated before its online infrastructure disappeared last week.
Now that the REvil ransomware gang has apparently shut down, victims are in a precarious situation. They must either rely on backups to restore data access or wait for the release of a decryptor, making sure they retain all encrypted files.
The gang behind the ransomware strain known as Mespinoza, aka PYSA, is targeting manufacturers, schools and others, mainly in the U.S. and U.K., demanding ransom payments as high as $1.6 million, according to Palo Alto Networks' Unit 42, which says the group leverages open-source tools.
Ransomware-wielding criminals continue to find innovative new ways to extort victims, develop technically and sidestep skills shortages by delivering ransomware as a service, said Robert Hannigan, the former head of U.K. intelligence agency GCHQ, in his Infosecurity Europe 2021 virtual keynote speech.
Software developer Kaseya has released patches for its remote monitoring software, which had been exploited by REvil ransomware attackers to infect up to 60 MSPs and 1,500 of their clients. The patches mitigate the final three vulnerabilities out of seven that researchers reported to Kaseya in early April.
In the latest weekly update, a panel of Information Security Media Group editors discusses the repercussions of the Kaseya ransomware incident, the immediate response of the cybersecurity community and key risk management takeaways.