ESET researchers have discovered new tooling leading to the deployment of Embargo ransomware. Embargo is a relatively new group in the ransomware scene, first observed by ESET in June 2024. The new toolkit consists of a loader and an endpoint detection and response killer (EDR),Read More…
ESET researchers have mapped the recent activities of the CosmicBeetle threat group, documenting its new ScRansom ransomware being deployed and discovering connections to other well-established ransomware gangs. CosmicBeetle has been spreading ransomware to small and medium businesses (SMBs),Read More…
Halcyon, the first cybersecurity platform explicitly built to defeat ransomware, is making its debut in the Middle East and the company will be available at GITEX 2024. As ransomware threats escalate globally, the Middle East has become a prime target, with cybercriminals increasingly exploiting regional organizations by holding critical systemsRead More…
New research by Chainalysis, the blockchain data company, has shown that while the year to date (YTD) flow of crypto funds to legitimate services has reached their highest levels since 2021, aggregate illicit activity over the same period fell by an impressive 19.6%, dropping from US$20.9 billion to US$16.7 billion. “ItRead More…
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…
