2022 marked another year in which ransomware proved to be one of the most pernicious cyberthreats around the world. Targeting victims both large and small, ransomware gangs showed that they could still wreak havoc despite efforts by law enforcement and governments to crack down on them. Though a variety of
A successful ransomware attack can devastate an organization, resulting in lost or leaked data, financial pain, business and operational downtime, loss of revenue, and even reputational damage. A new report from security firm Sophos looks at the effects of ransomware on businesses and offers a few tips on how to
In the past, security threats typically involved scraping information from systems that attackers could use for other crimes such as identity theft. Now, cybercriminals have proceeded to directly demanding money from victims by holding their devices – and data – hostage. This type of malware attack in which data is
Ransomware is on a rampage targeting industry and organizations. It is also and creating significant cybersecurity challenges. Ransomware is a type of malware cyber-attack where key files are encrypted encryption by hackers that renders data inaccessible to the victim. It is a criminal extortion tool and after an attack has
Being struck by ransomware used to mean that data would be lost forever unless you paid up. Those days are long gone. Today ransomware gangs are also stealing their victims’ data… and in some cases auctioning it off on Dark Web markets. The hackers behind the REvil or Sodinokibi ransomware have siphoned off terabytes of data from the systems they’ve infected. When victims aren’t willing to meet ransom demands, the REvil gang is more than willing to use alternative means to profit from their attacks.