To take down bigger targets more easily and quickly, ransomware gangs are increasingly tapping initial access brokers, who sell ready access to high-value networks. Economically speaking, it's a no-brainer move for cybercrime gangs.
Ransomware attacks continue to pummel organizations, but fewer victims have been paying a ransom, and when they do, on average they're paying less than before, says ransomware incident response firm Coveware, which traces the decline to attackers failing to honor their data deletion promises.
Trickbot appears to be making a comeback with a fresh campaign that is targeting insurance companies and legal firms in North America, according to an analysis by Menlo Security. Researchers had warned the malware might surface again after a coordinated takedown of the botnet's infrastructure in 2020.
U.S. and Bulgarian authorities have seized servers and disrupted the infrastructure and darknet websites of the Netwalker ransomware gang. Police have also arrested one person and confiscated ransom money collected by the cybercriminal gang. The news comes the same week the Emotet botnet was disrupted.
With ransomware continuing to fuel a massive surge in illicit profits, some experts have been calling on governments to launch offensive hacking teams to target cybercrime cartels. They're also calling for a review of cyber insurance payouts being used to fund ransoms.
Security vendor SonicWall is investigating what the company calls a "coordinated attack" against its internal network by threat actors using a zero-day exploit within the company's remote access products. SonicWall is urging customers to apply temporary fixes to secure VPNs and gateways.
Threat actors behind a distributed denial-of-service campaign targeted the same set of victims again after the organizations refused to pay the initial ransom demand, a new report by security firm Radware finds.
Fraudsters are using Google forms to target retail, telecom, healthcare, energy and manufacturing companies in an apparent reconnaissance campaign to identify targets for a possible follow-up business email compromise attack.
The latest edition of the ISMG Security Report features an analysis of the cybersecurity challenges the Biden administration must address. Also featured: payments security advice from Verizon; the outlook for the lifting of restrictions tied to the COVID-19 pandemic.
Joker's Stash, the notorious underground marketplace that has specialized in the sale of stolen payment card data, is reportedly shutting down in February with its administrator claiming he will "retire" at that time, according to Gemini Advisory. Researchers say fraudsters will quickly move to other sites.
The Scottish Environment Protection Agency says a ransomware attack last month continues to cause serious outages and warns that ransom-demanding attackers also stole some data. The Conti ransomware-as-a-service operation has claimed credit for the attack and begun to leak the stolen data.
The FBI has issued a warning about the growing threat from the operators behind the Egregor ransomware variant and other cybercriminal gangs affiliated with the group. Since September, the crypto-locking malware has been associated with nearly 100 attacks worldwide.
The major appliances giant Whirlpool acknowledges it was hit with a ransomware attack in November, with the cyber gang Nefilim taking responsibility for the cyber incident and claiming to have stolen company data.
Ransomware gangs entered 2020 with a full and dangerous set of weapons at their disposal and then rolled out additional tools such as extortion and new distribution methods, a trend that is expected to continue into 2021.