In 2021, the threat posed by ransomware continued to grow. The most obvious trend is that ransomware groups are now targetting larger businesses and, in doing so, are able to ask for larger payments. Another important trend, however, is the rise of Ransomware as a Service. Ransomware is no longer just an attack tool; it's […]
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Ransomware first started causing problems in 1989. Up until relatively recently, however, it wasn’t a particularly sophisticated threat. Attackers would send out large batches of malware and the next victim would be whoever was careless enough to download it. But this has all changed. Victims are no longer chosen at random but rather according to their […]
Continue ReadingThe criminals associated with the DarkSide ransomware attack responsible for crippling fuel deliveries and soaring fuel prices in the US have revealed that their “servers were seized” and money transferred to an “unknown account.” DarkSide Ransomware-as-a-Service Ceases Operations The DarkSide ransomware attack on the Colonial Pipeline has caused massive disruption across the US. The pipeline […]
Continue ReadingFor a while, ransomware attacks were a hacker’s and scammer’s favorite tool for extracting money from their victims. Now, Microsoft reports that ransomware has now fallen out of favor in place of another kind of attack: cryptojacking. Why Cryptojacking Took the Number One Spot On the Microsoft Security blog, the company details how the scope of […]
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Acer has been the target of a REvil ransomware attack, with the attackers demanding $ 50 million from the company to decrypt the data and not leak sensitive information on the web. This makes it the ransom demands ever made by a ransomware group. The REvil ransomware group is one of the most notorious hacking […]
Continue ReadingMicrosoft is joining forces with a host of cybersecurity firms to form the Ransomware Task Force. The collaborative effort will target ransomware networks and criminal enterprises worldwide, aiming to better protect consumers and businesses from cybercrime. Microsoft Joins Ransomware Task Force Ransomware remains a hot topic. Although the number of ransomware attacks has decreased since […]
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