ransomware News

Viewpoint: Cyberattacks Present Unique Challenges for Business Interruption Claims

Introduction As businesses continue to rely on computers and digital storage of important data, cyberattacks are a growing potential threat to these organizations—especially now, as businesses have transitioned their workforces to work remotely. There are many types of cyber threats, …

Hacked US Companies to Face New Reporting Requirements

WASHINGTON (AP) — Companies critical to U.S. national interests will now have to report when they’re hacked or they pay ransomware, according to new rules approved by Congress. The rules are part of a broader effort by the Biden administration …

Toyota Restarting Japan Plants After Malware Hits Supplier

TOKYO (AP) — Toyota plans to resume production at all of its 14 plants as of Wednesday, after they were idled for a day due to a cyberattack on a domestic supplier. The supplier, Kojima Industries Corp., said Tuesday it …

Russian Ransomware Attacks on Ukraine Muted By Leaks, Insurance Woes

LONDON/WASHINGTON —Warnings that pro-Russian ransomware gangs would snarl networks in Ukraine and its allies have so far failed to materialize amid disarray among the criminal underworld often behind such attacks and fears insurers would not pay out. Conti, one of …

Lithuania Warns Banks of Cyber Attacks, Power Cuts Amid Fears of War in Ukraine

Lithuania’s central bank has told the country’s banks to prepare for power cuts and cyberattacks as Russia’s standoff with Ukraine risks spilling over into a military conflict, according to a document and two sources familiar with the matter. Russia has …

Ransomware Gang Says it Has Hacked 49ers Football Team

RICHMOND, Va. (AP) — The San Francisco 49ers have been hit by a ransomware attack, with cyber criminals claiming they stole some of the football team’s financial data. The ransomware gang BlackByte recently posted some of the purportedly stolen team …

Report Says Criminals Netted $1.3 Billion in Ransomware Payments Over 2 Years

Criminals netted $1.3 billion in ransom payments from hacking victims in the past two years, reflecting a massive surge in cyber-crime that has prompted a global effort to stop it, according to a new report from Chainalysis Inc. The cryptocurrency-tracking …

A Sign of Ransomware Growth: Gangs Now Arbitrate Disputes

RICHMOND, Va. (AP) — Cyber criminal gangs are getting increasingly adept at hacking and becoming more professional, even setting up an arbitration system to resolve payment disputes among themselves, according to a new report by the United States, Australia and …

Cyberattacks Increasingly Hobble Pandemic-Weary US Schools

ALBUQUERQUE, N.M. (AP) — For teachers at a middle school in New Mexico’s largest city, the first inkling of a widespread tech problem came during an early morning staff call. On the video, there were shout-outs for a new custodian …

Delay in Creating New Cybersecurity Board Prompts Concern

RICHMOND, Va. (AP)–It’s a key part of President Joe Biden’s plans to fight major ransomware attacks and digital espionage campaigns: creating a board of experts that would investigate major incidents to see what went wrong and try to prevent the …