While overall ransomware profits might remain high, many of the remaining or rebooted top-tier groups are "really struggling" with scarce talent, trauma from the Russia-Ukraine war and repeated disruptions by law enforcement, say researchers from threat intelligence firm RedSense.
U.S. federal authorities are again warning the healthcare sector about threats from the Akira ransomware group. The latest alert comes on the heels of several recent attacks by the gang, including one last month on Bucks County, Pennsylvania, which affected an IT system used by emergency responders.
Brisbane-based retail group Eagers Automotive is investigating a cyberattack that disrupted parts of its regional operations and compromised the personal information of some of its customers. Eagers said Tuesday it doesn't know the full extent of the hack, but it has started notifying customers.
In conjunction with a new report from CyberEd.io, Information Security Media Group asked some of the industry's leading cybersecurity and privacy experts about 10 top trends to watch in 2024. Ransomware, emerging AI technology and nation-state campaigns are among the top threats.
Educational institutions are prime targets for ransomware and other cyberattacks due to their open nature and troves of sensitive data, requiring continuous investment in cyber defenses and strong security practices, said Steve Zuromski, CIO at Bridgewater State University in Massachusetts.
Researchers have discovered an underground offering with the codename "Prolific Puma," which since 2020 has been the "largest and most dynamic" cybercrime link-shortening service on the market. Attackers use it to better target victims with phishing campaigns, scams and malware.
A recent attack by a Russian ransomware-as-a-service group that stole the personal information of 2.5 million patients of McLaren Health Care has triggered at least three proposed federal class action lawsuits in recent days, claiming the healthcare company failed to protect patient privacy.
Hotel and casino giant MGM Resorts says the recent hack attack against it cost $110 million in lost revenue and mitigation expenses. The publicly traded company expects to recoup losses and costs to date via cyber insurance. MGM Resorts says that its investigation remains ongoing.
What do "bank transfer request.lnk" and "URGENT-Invoice-27-August.docx.lnk" have in common? Both are the names of malicious files being sent as part of a phishing campaign attributed to the Qakbot botnet group that has continued despite law enforcement disrupting Qakbot's operations in late August.
A financially motivated criminal syndicate that mainly operates in Telegram and underground forums has expanded its criminal arsenal to deploy ransomware and other intrusion capabilities on various cloud applications, warn Mandiant researchers.
Casino and hotel giant Caesars Entertainment is warning customers that their personal details were stolen in a recent hack attack. After successfully shaking down Caesars for a ransom, the same attackers are continuing to extort MGM Resorts, claiming to have crypto-locked its EXSi hypervisors.
Hotel and casino giant Caesars Entertainment paid approximately half of an initial $30 million ransom demand to attackers who infected its systems with ransomware, according to news reports. The attackers appear to be with the same group that hit MGM Resorts.
Booking and reservation systems, as well as slot machines, hotel room door locks, ATMs and more remain offline at multiple MGM Resorts properties as the publicly traded casino hotel giant battles "a cybersecurity issue" that one group of security researchers has tied to a ransomware group attack.
Has the cry of the Qakbot come to an end? While the pernicious, multifunction malware fell quiet last week thanks to Operation "Duck Hunt," lucrative cybercrime operations have a history of rebooting themselves. Rivals also offer ready alternatives to ransomware groups and other criminal users.
A new healthcare-focused research agency is seeking proposals for innovative cybersecurity technologies that can apply a national security approach to protecting this highly targeted civilian industry. Today's off-the-shelf software is falling short, the agency said.
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