ransomware News

FBI and European Partners Seize Major Global Malware Network

U.S. officials said Tuesday that the FBI and its European partners infiltrated and seized control of a major global malware network used for more than 15 years to commit a gamut of online crimes including crippling ransomware attacks. They then …

Ransomware Criminals are Dumping Kids` Private Files Online After School Hacks

The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate and graphic. They describe student sexual assaults, psychiatric hospitalizations, abusive parents, truancy — even suicide attempts. “Please do something,” begged a student in one leaked …

US Busts Russian Cyber Operation in Dozens of Countries

WASHINGTON (AP) – The Justice Department said Tuesday that it had disrupted a long-running Russian cyberespionage campaign that stole sensitive information from computer networks in dozens of countries, including the U.S. and other NATO members. Prosecutors linked the spying operation …

$1.1M Paid to Resolve Ransomware Attack on California County

SAN BERNARDINO, Calif. (AP) — A Southern California County and insurers paid $1.1 million to resolve a ransomware attack on a law enforcement computer network, Southern California News Group reported. The San Bernardino County Sheriff’s Department announced in April that …

Banks, Financial Industry Hit by Rising Ransomware Attacks

Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group. In its annual outlook on cyber threats, …

US Infiltrates Big Ransomware Gang: ‘We Hacked the Hackers’

WASHINGTON (AP) — The FBI and international partners have at least temporarily disrupted the network of a prolific ransomware gang they infiltrated last year, saving victims including hospitals and school districts a potential $130 million in ransom payments, Attorney General …

Viewpoint: Prevention and Mitigation of Business Interruptions After Cyber Attacks

The modern security ecosystem is diverse and ever-changing, a place where cyber risk is top of mind for leaders at all levels, and threats to information / data security and privacy evolve at the speed of the technical innovations driving …

Fewer Companies Are Paying Ransoms to Hackers, Researchers Say

Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc. In findings published on Thursday, the blockchain forensics firm estimated that ransom payments — which are almost always …

Ransomware Did Not Cause Direct Physical Loss, Ohio High Court Says

A business owner’s insurance policy did not provide coverage for software damaged by a ransomware attack because there was no direct physical damage or loss, the Ohio Supreme Court ruled. “Computer software cannot experience ‘direct physical loss or physical damage’ …

Attorneys: Ransomware a Multi-Layered Risk for Policyholders

The evolution of ransomware is bringing a wider range of risks to insurance policyholders, with new government regulations, exfiltration of data and state-sponsored actors adding to the mix, attorneys with the Anderson Kill law firm said during a webinar on …