[Head Scratcher] The cyber insurance market is badly broken. But why exactly?

Oct 9, 2022 11:41:09 AM By Stu Sjouwerman

Greg Noone at the Techmonitor site covered this problem early October 2022, starting with a horror story.

One-Fourth of Organizations Have Been Victim to a Ransomware Attack with 59% Starting with Email

Oct 4, 2022 9:14:56 AM By Stu Sjouwerman

New analysis highlights just how prevalent ransomware attacks are today, how material the impacts are, whether organizations get their data back, and exactly how these attacks start.

Retail is in Trouble: 77% Of Retail Organizations Have Been Hit by Ransomware

Sep 23, 2022 1:58:17 PM By Stu Sjouwerman

With Retail seeing and feeling the impact of more ransomware attacks than nearly every other industry, a new report focuses in on what the repercussions look like for this sector… and ...

Ransomware Gangs Improve Attack Speed and Evade Detection with New "Intermittent Encryption" Tactic

Sep 13, 2022 7:27:27 AM By Stu Sjouwerman

As ransomware gangs look for new ways to improve their execution, this relatively new encryption tactic has been gaining popularity in multiple ransomware families.

REvil Springs Back to Life and Hits a Fortune 500 Company

Sep 6, 2022 11:00:00 AM By Stu Sjouwerman

The previously-thought defunct cybercriminal gang appears to not only reopened for business but has re-established themselves as a major threat by touting 400GBs of stolen data.

LockBit Ransomware Group Steps Up Their Game with Triple Extortion as the Next Evolution

Aug 31, 2022 9:30:12 AM By Stu Sjouwerman

After suffering a taste of their own medicine as part of a response effort from victim organization Entrust, LockBit appears to have bounced back even stronger than before.

The Crypto Collapse Will Only Add Fuel to the Cyberattack Fire

Aug 25, 2022 9:14:22 AM By Stu Sjouwerman

Despite the crypto market’s loss of over $1 trillion in value since the beginning of the year, the value of the digital currency isn’t what makes it a popular choice for cybercriminals.

BlackByte Ransomware Gang Comes Back to Life with a New Extortion Strategy

Aug 25, 2022 9:14:14 AM By Stu Sjouwerman

First debuted in July 2021, this ransomware gang that engages in their own attacks and offers a RWaaS model, has come back into the limelight offering victims several extortion payment ...

[BUDGET AMMO] Companies Are Ditching Cybersecurity Insurance as Premiums Rise, Coverage Shrinks

Aug 24, 2022 8:45:22 AM By Stu Sjouwerman

As the CEO of a public InfoSec company I have a variety of news sources. One of these is called '"The Information" which covers in-depth tech stories usually earlier than anywhere else. ...

[Whoa] Ransomware Strains Almost Double in Six Months from 5,400 to 10,666

Aug 19, 2022 8:57:35 AM By Stu Sjouwerman

A recent report from FortiGuard Labs saw ransomware strains double in total so far compared to 2021, and the year is not over yet.

One-Third of Organizations Experience Ransomware Attacks At Least Weekly

Aug 18, 2022 8:17:10 AM By Stu Sjouwerman

New data shows attempted ransomware attacks are occurring far more frequently while a lack of confidence is found in security measures and solutions to stop ransomware attacks.

Children of Conti go Phishing

Aug 16, 2022 11:57:46 AM By Stu Sjouwerman

Researchers at AdvIntel warn that three more ransomware groups have begun using the BazarCall spear phishing technique invented by the Ryuk gang (a threat group that subsequently ...

SolidBit Ransomware Targets League of Legends Players

Aug 11, 2022 9:28:56 AM By Stu Sjouwerman

Researchers at Trend Micro warn that a SolidBit ransomware variant is being distributed via fraudulent software targeting video game players and social media users. The malware is being ...

Recent Cisco Hack by Ransomware Group Started Because of a Phishing Attack

Aug 11, 2022 8:59:06 AM By Stu Sjouwerman

In a recent article by Forbes, Cisco confirmed that they were hacked by a ransomware group as the group of cybercriminals published a partial list of files that were claimed to be ...

Ransomware Attack Downtime Costs in the U.S. Rise to Nearly $160 Billion

Aug 4, 2022 1:09:40 PM By Stu Sjouwerman

New data based on tracked, publicly-confirmed ransomware attacks shows that downtime – and the associated cost – is increasing at an alarming rate as nearly half of attacks see a ransom ...

Cyber Insurance Expected to Continue to Rise as Sophistication and Cost of Ransomware Attacks Increase

Aug 2, 2022 9:07:39 AM By Stu Sjouwerman

New data about the state of cyber insurance shows that given the current loss ratios by insurers – and the reasons behind those losses – will result in higher premiums for the foreseeable ...

New Report Reveals that Ransomware and Business Email Compromise Attacks Cause Nearly 70% of Cyber Incidents

Jul 27, 2022 8:49:48 AM By Stu Sjouwerman

Do you know your organizations true security risk and where to prioritize your resources? A new report from Palo Alto Networks sheds some light on these questions and shows multiple ...

Ransomware Groups Get Smaller and More Social

Jul 25, 2022 9:12:21 AM By Stu Sjouwerman

The Colonial Pipeline ransomware attack of 2021 put infrastructure operators on notice that they were directly in the crosshairs of big ransomware gangs. The reaction of law enforcement ...

Copyright Claim Email is a LockBit Ransomware Phishing Attack in Disguise

Jul 19, 2022 8:16:00 AM By Stu Sjouwerman

The latest iteration in Copyright Claim scams is an evolution of this repeated attack method that has proven to get the attention – and response – of victims over the last few years.

Ransomware Group Conti Reaches 40 Successful Attacks in a Single Month

Jul 14, 2022 4:27:10 PM By Stu Sjouwerman

In less than 2 years, the most successful ransomware group to date has reached new levels of campaign and individual attack effectiveness, targeting over 160 industries worldwide.

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