New York Unit of Worlds Largest Bank Becomes Ransomware Victim

Dec 6, 2023 2:23:26 PM By Stu Sjouwerman

The ransomware attack on ICBC Financial Services caused disruption of trading of U.S. Treasuries and marked a new level of breach that could have massive repercussions.

The Alarming Threat of Ransomware: Insights from the Secureworks State of the Threat Report 2023

Dec 6, 2023 2:23:19 PM By Stu Sjouwerman

In the ever-evolving landscape of cybersecurity, the battle against ransomware has taken a concerning turn. According to the latest findings from Secureworks annual State of the Threat ...

New SEC Rules Will Do More Than Result in Quick Breach Reporting

Dec 5, 2023 5:12:47 PM By Roger Grimes

On July 26, the U.S. Security & Exchange Commission (SEC) announced several new cybersecurity rules, taking affect mid-December 2023, that will significantly impact all U.S. ...

Huntress Finds Business Email Compromise (BEC) Increases In Q3, 2024

Nov 27, 2023 2:00:05 PM By Stu Sjouwerman

Huntress has released a report finding that business email compromise (BEC) attacks have risen in the third quarter of 2023.

73% of Organizations Affected by Ransomware Attacks Globally in 2023, According to Statista

Nov 21, 2023 4:25:14 PM By Stu Sjouwerman

I recently wrote about how 1 in 34 organizations globally has experienced an attempted ransomware attack. But that statistic doesn’t provide enough context around the impact felt by the ...

Cybercrime Group "Scattered Spider" is a Social Engineering Threat

Nov 20, 2023 3:08:35 PM By Stu Sjouwerman

The US Cybersecurity and Infrastructure Security Agency (CISA) and the FBI have released a joint Cybersecurity Advisory describing the Scattered Spider cybercriminal gang’s activities.

BlackCat Ransomware's New SEC Reporting Tactic: Turn Regulations Against Victims

Nov 16, 2023 4:42:05 PM By Stu Sjouwerman

Man Bites Dog: In an unusual twist in cybercrime, the ransomware group BlackCat/ALPHV is manipulating the SEC's new 4-day rule on cyber incident reporting to increase pressure on their ...

1 Out of Every 34 Organizations Worldwide Have Experienced an Attempted Ransomware Attack

Nov 14, 2023 2:01:17 PM By Stu Sjouwerman

With organizations globally experiencing an increase in attempted ransomware attacks year over year, new data shows how the global average isn’t even the worst news.

“Skillful Social Engineering of the IT Support Desk” One of the Most Common Tactics in Ransomware Attacks

Nov 9, 2023 3:57:11 PM By Stu Sjouwerman

As ransom payments reach an all-time high, it’s time to look at attacks from a data perspective and find the greatest opportunities to stop these attacks.

Healthcare Sector Experiencing Increases in Ransomware, Ransoms and Downtime

Nov 6, 2023 9:18:42 AM By Stu Sjouwerman

An analysis of ransomware attacks on healthcare organizations from 2016 through October of 2023 shows the healthcare sector is likely to continue to suffer as a viable ransomware target.

September Sees a 32% Increase in the Number of Ransomware Attacks in Just One Month

Oct 31, 2023 10:07:46 AM By Stu Sjouwerman

Continued analysis of ransomware attacks shows an upward trend in the number of attacks, with September resulting in the highest number of assaults so far this year.

[Cybersecurity Awareness Month] How To Stop the Ransomwolf Attacks: Similarities to the Werewolves Terrors

Oct 18, 2023 9:14:57 AM By James McQuiggan

Imagine a monstrous entity emerging from the shadows to prey on vulnerable organizations, leaving havoc in its wake. No, we are not talking about ghoulish and scary creatures of the ...

Cyber Insurers Note Ransomware Claims Rose Significantly in the First Half of 2023

Oct 17, 2023 2:40:56 PM By Stu Sjouwerman

Cyber insurers are claiming that cybercriminals made ransomware attacks popular again in 2023 after a slight break in 2022.

60% of Organizations are Very Concerned About the Potential Impact of Ransomware Attacks

Oct 13, 2023 4:52:35 PM By Stu Sjouwerman

As the number of reported ransomware attacks increases, new data provides a fresh look at how ready organizations are for ransomware attacks.

“Human-Operated” Ransomware Attacks Double in the Last Year

Oct 12, 2023 8:02:06 AM By Stu Sjouwerman

As attackers leave little-to-no traces of their attack patterns, more ransomware groups are shifting from automated attacks to manual attacks.

Ransomware Attack Dwell Time Drops by 77% to Under 24 Hours

Oct 9, 2023 8:17:46 AM By Stu Sjouwerman

As attackers evolve their toolsets and processes, the significant drop in dwell time signifies a much higher risk to organizations that now have less time to detect and respond to initial ...

Ransomware Now Considered a “Crisis” in the Financial Services Sector

Sep 28, 2023 4:20:16 PM By Stu Sjouwerman

A recent panel discussion of banking CISOs and experts at the SIBOS conference focused on the current state of ransomware and what institutions should do to protect themselves.

Cyber Insurance Claims Increased by 12% in First Half of 2023, Attacks More Frequent and Severe Than Ever

Sep 28, 2023 12:55:44 PM By Stu Sjouwerman

The latest cyber claims report from Coalition, a digital risk insurance provider, finds a 12% increase in cyber insurance claims in the first half of 2023 over the second half of 2022, ...

Organizations Starting to Understand the Impact of Ransomware, But Their Efforts Not Enough to Overcome Infostealer Malware

Sep 25, 2023 9:53:35 AM By Stu Sjouwerman

Recent findings in a SpyCloud report shows companies are starting to recognize and shift their priorities to defend against ransomware attacks, but the use of infostealer malware still ...

New SEC Rules Add Challenges in Uncertain Cyber Insurance Market

Sep 21, 2023 2:54:40 PM By Stu Sjouwerman

[BUDGET AMMO] Jeremy King is a partner at Olshan Frome Wolosky. He wrote an article for Bloomberg where he analyzed cyber risk management issues that companies should prioritize in ...

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