[REUTERS BREAKING NEWS] U.S. to give ransomware hacks similar priority as terrorism

June 3, 2021 - 3:30PM EDT -- The U.S. Department of Justice is elevating investigations of ransomware attacks to a similar priority as terrorism in the wake of the Colonial Pipeline hack ...

Everyone Has It Wrong. It Is Not Double Extortion, It Is Quintuple Extortion!

I keep seeing a new ransomware term, “double extortion” being discussed. It is the hot, new buzzword surrounding ransomware. This term attempts to summarize how ransomware is no longer ...

Ransomware's Impact Highlights the Threat of Social Engineering

Ransomware actors are continuing to shift their focus to disrupting operations that affect people’s daily lives, according to the Wall Street Journal. A ransomware attack on Wednesday ...

Two-Thirds of Organizations Plan to Improve Their Cybersecurity in the Wake of Devastating Ransomware Attacks

With 81% of organizations believing ransomware attacks will become more prevalent in the second half of 2021, nearly everyone is preparing for the worst to come.

New Ransomware Strain Epsilon Red is Reported

Researchers at Sophos report finding a new ransomware strain in the wild. They call it “Epsilon Red.” The malware is written in GO, and it was delivered as the final executable payload in ...

New Would-Be Ransomware Attack Only Focuses on Stealing Data via the Java-Based STRAAT Malware

New details from Microsoft Security Intelligence discuss an attack that displays ransomware-like behavior, but simply seeks to install the credential theft-focused remote access trojan.

Cybersecurity Insurance Landscape Is Fundamentally Changing Right Now

By Roger Grimes. Ransomware is stealing so much money and interrupting so many businesses that it might be the beginning of their undoing. It is certainly radically changing the ...

Ransomware-as-a-Service is Organizing, Becoming More Devastating and Costly

Take a look at the complex relationships that exist today between the ransomware gangs and the various services they utilize, and you quickly realize this is a very organized and ...

Paying the Ransom Is Not Just About Decryption

I just read that a well-known pipeline company paid $5M to the ransomware hacker group. And despite that, they are still having to use their backups because the decryption process is too ...

Kicking You While You’re Down: Ransomware Attacks Begin to Adopt a “Triple Extortion” Model

New tactics spotted by security researchers at CheckPoint indicate a growing pattern by ransomware gangs to use additional extortion actions to increase revenues and ensure payment.