Ransomware-wielding attackers treat infecting endpoints as a business and put customer relationship management principles to work, says Bill Siegel, CEO of ransomware incident response firm Coveware. He notes criminals "go after the low-hanging fruit because it's cheap and the conversion rate is high."
Earlier this year, intruders probed weaknesses in the network firewalls of a U.S. power utility to attempt a distributed denial-of-service attack, but there was no disruption in electricity service, according a recently released report. The incident illustrates potential weaknesses in the power grid.
Three weeks after a ransomware attack slammed 22 Texas municipalities' systems, state officials say more than half of the cities have returned to normal operations and the rest have advanced to system restoration. Meanwhile, officials have shared lessons learned for managed service providers and customers.
Schools in Flagstaff, Arizona, were closed on Thursday after ransomware appeared on the district's network. Friday's classes were called off while the recovery effort continued.
Do criminal organizations prefer to target organizations that hold cyber insurance policies? A ProPublica report suggests that because cyber insurance policyholders are more likely to pay ransoms, they're a more frequent target. But some cybersecurity experts have expressed skepticism.
Ransomware-wielding attackers continue to target not just big businesses and large government agencies, but increasingly their smaller counterparts too. In Texas, officials say a campaign tied to a "single threat actor" infected 22 local government agencies on Friday.
Data breach costs continue well after the initial year, according to the latest IBM/Ponemon Institute,"Cost of a Data Breach" report. Limor Kessem of IBM Security shares details of the study.
With the GandCrab ransomware-as-service gang promising to retire - and free decryptors now aiding victims - rival Sodinokibi has already stepped into the void, security experts warn. Driven also by attackers wielding Ryuk, Dharma and Phobos, ransom payments by victims have been surging.
Digital transformation impacts the way that organizations deal with cybersecurity risk. For SMBs in particular, it is essential to place security at the center of this transformation.
With 13 million data hacks a data hacks and 30 million records lost a day, it is important for organizations to not undermine the...
The latest edition of the ISMG Security Report discusses Cloudflare's harsh criticism of Verizon over an internet outage it labeled as a "small heart attack." Plus: sizing up the impact of GDPR; reviewing highlights of the ISMG Healthcare Security Summit.
Accounting software giant Wolters Kluwer is continuing to attempt to recover from a malware attack that has disrupted access to its cloud-based tax and accountancy software, which the company says is used by most major U.S. accounting firms and global banks. Some users say they've been left unable to do their jobs.
Indian IT outsourcing giant Wipro says it's working with several partners to expedite the investigation into abnormal activities on some of its employee accounts as a result of an advanced phishing campaign, in addition to its work with a forensics firm. But it denies it's migrating to a new email platform.
Life after WannaCry and NotPetya: Europol, the EU's law enforcement intelligence agency, wants member states to be able to rapidly respond to the next big cyberattack against Europe. But with warnings of ongoing Russian election interference campaigns, the next big attack may already be underway.
The National Internet Exchange of India, an autonomous body under the Ministry of Electronics and IT that maintains the .In registry and country code Top Level Domains, has switched to a new outsourcer for operations and maintenance. Some security experts are criticizing the move.
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