Posts Tagged ‘Ransomware’

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Adopting a Risk-Based Strategy for Data

Ransomware attacks have been in the news lately, possibly because of the 225% increase in total losses from ransomware in the United States alone in 2020. An increase in sophistication by attackers is a major factor, and many of these ransomware attacks were enabled at least in part by insider negligence. As the level of […]

Ransomware Attack Affects 23 Texas Local Government Agencies

In what appears as a highly coordinated attack by a single actor, 23 local government agencies in the state of Texas were hit with ransomware. This extends the recent trend where local government entities were targeted, some of which have led to the attackers being paid millions of dollars via crypto-currency. A first line of […]

Fighting Cybercrime, From JPMorgan To Bank Of America

A new quarterly Cybersecurity Market Report was published by Cybersecurity Ventures, projecting $1 trillion will be spent on cybersecurity between 2017 and 2021. According to Steve Morgan, founder and editor-in-chief of Cybersecurity Ventures, the increase in cybercrime, such as ransomware and malware, and the large number of digital devices being rapidly deployed by organizations and […]

Ransomware Attacks – Paying the Ransom Isn’t Always Successful

As I have commented on earlier, ransomware attacks are focusing on institutions and are causing high impact outages. As this Announcement from the University indicates, they have paid a ransom and are in the process of getting their systems back. As the Kansas Heart Hospital found out, sometimes paying the ransom get your systems back. The hospital had to […]