Kaspersky’s latest research reveals a concerning trend in the global cybersecurity landscape, with ransomware attacks accounting for every third cyber incident in 2023. The report sheds light on the escalating threat of targeted ransomware groups, which have seen a 30% increase globally compared to 2022, along with a 71% surgeRead More…
Sophos has released additional findings from its annual “State of Ransomware 2024” survey. According to the report, among organizations surveyed, 97% of those hit by ransomware over the past year engaged with law enforcement and/or official government bodies for help with the attack. In addition, more than half (59%) of thoseRead More…
Sophos has released its annual “State of Ransomware 2024” survey report, which found that the average ransom payment has increased 500% in the last year. Organisations that paid the ransom reported an average payment of $2 million, up from $400,000 in 2023. However, ransoms are just one part of theRead More…
Veeam Software recently announced the acquisition of Coveware, a leading provider in cyber-extortion incident response. It brings best-in-class ransomware recovery and first responder capabilities to further strengthen Veeam’s radical resilience solutions for customers. Coveware by Veeam will continue to operate as it does today, providing incident response services to victims ofRead More…
Morphisec announced the launch of the Anti-Ransomware Assurance Suite. This innovative offering aims to help organizations pre-emptively reduce exposure to cyber risk, proactively prevent advance threats and ensure optimal anti-ransomware defense. Powered by Automated Moving Target Defense (AMTD), the solution helps organizations adapt, protect and defend with a tri-layered guard against ransomwareRead More…
Veritas Technologies has announced enhancements to Veritas Backup Exec, the unified backup and recovery solution trusted by more than 45,000 small and midsize businesses (SMBs) worldwide. The latest updates include malware detection capabilities, role-based access control and additional optimizations for fast backup and recovery of business-critical data. With ransomware attacksRead More…
Sophos has released its annual 2024 Sophos Threat Report, with this year’s report detailing “Cybercrime on Main Street” and the biggest threats facing small- and medium-sized businesses (SMBs). According to the report, in 2023, nearly 50% of malware detections for SMBs were keyloggers, spyware and stealers, malware that attackers useRead More…
After an encouraging decline in 2022, the ransomware landscape saw a major escalation in the frequency, scope, and volume of attacks, resulting in victims paying out over US$1.1 billion in cryptocurrencies to cyber criminals last year. The findings, which are part of Chainalysis’ upcoming 2024 Crypto Crime Report, also highlightedRead More…
Delinea has published its annual “State of Ransomware” report which shows that ransomware attacks are increasing again and reveals a change in strategy among cybercriminals. The familiar tactics of crippling a company and holding it hostage have been replaced by new strategies that use stealth to exfiltrate private and sensitiveRead More…
Sophos has released a report, titled “CryptoGuard: An Asymmetric Approach to the Ransomware Battle,” which found that some of the most prolific and active ransomware groups, including Akira, ALPHV/BlackCat, LockBit, Royal, Black Basta, are deliberately switching on remote encryption for their attacks. In remote encryption attacks, also known as remote ransomware, adversaries leverage a compromisedRead More…
By Edwin Weijdema, Field CTO EMEA and Lead Cybersecurity Technologist at Veeam Ransomware first rose to dominance as cybercriminals’ main weapon of choice way back in 2020. Since then, it has been top of the global security agenda, plaguing businesses, public services and individuals alike. Organisations have had to quicklyRead More…
Positive Technologies experts have presented a study of the Q3 2023 cybersecurity threatscape. The share of malware attacks remained unchanged from Q2 at 45%. The advent of decryption tools reduced the effect of encryption malware, causing its share to shrink. Ransomware gangs now threaten to publish stolen information without encrypting the compromisedRead More…
