ransomware News

No Ransomware Silver Bullet, Crooks Out of Reach

BOSTON (AP) — Political hand-wringing in Washington over Russia’s hacking of federal agencies and interference in U.S. politics has mostly overshadowed a worsening digital scourge with a far broader wallop: crippling and dispiriting ransomware attacks by cybercriminal mafias that mostly …

Hackers Try to Extort University of Colorado in Cyberattack

BOULDER, Colo. (AP) — Hackers are trying to extort the University of Colorado after a cyberattack that potentially compromised personal information from more than 310,000 files, including student data, medical information and several Social Security numbers, university officials said Friday. …

Viewpoint: Indiana Supreme Court Finds Potential Insurance Coverage for Ransomware Attack

In a pro-insurance coverage ruling, the Indiana Supreme Court reversed a lower court’s decision that crime coverage did not exist for a ransomware attack, while finding that fact issues prevented a ruling at this time on one key coverage issue. …

Russian Man Pleads Guilty in Nevada to Plot to Extort Tesla

RENO, Nev. (AP) — A Russian man has pleaded guilty in the U.S. to offering a Tesla employee $1 million to cripple the electric car company’s massive electric battery plant in Nevada with ransomware and steal company secrets for extortion, …

Cybercops Derail Malware Botnet, FBI Makes Ransomware Arrest

THE HAGUE, Netherlands (AP) — European and North American cyber cops have joined forces to disrupt what may be the world’s largest network for seeding malware infections, striking a major blow against criminal gangs that have been using it for …

Ransomware Attacks on the Rise Even as Cyber Insurers Scale Back

Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer showed. The total costs …

U.S. Treasury Warns Cyber Insurers Against Paying Ransomware Demands

The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in a pair of advisories, one from the Financial Crimes Enforcement Network (FinCEN) and …

Microsoft Attempts Takedown of Global Criminal Botnet

Microsoft announced legal action Monday seeking to disrupt a major cybercrime digital network that uses more than 1 million zombie computers to loot bank accounts and spread ransomware, which experts consider a major threat to the U.S. presidential election. The …

U.S. Treasury Warns Cyber Insurers Payments to Hackers May Violate Sanctions

Cyber insurers and other financial institutions that facilitate payments to hackers to end cyberattacks risk running afoul of sanctions rules, the U.S. Treasury Department warned on Thursday. The warnings, which referenced malicious programs known as ransomware, came in advisories from …

Cyberattack Hobbles Major Hospital Chain’s US Facilities

WASHINGTON — A computer outage at a major hospital chain thrust healthcare facilities across the U.S. into chaos Monday, with treatment impeded as doctors and nurses already burdened by the coronavirus pandemic were forced to rely on paper backup systems. …