A Hollywood hospital acknowledges paying ransom to unlock data seized by attackers. But while experts generally caution against paying extortionists, some organizations do indeed fold under the pressure to get their critical data back quickly.
Multiple hospitals from Hollywood to Germany have been hit recently by ransomware attacks. It's a reminder that no organization is immune to outbreaks of malware that's designed to forcibly encrypt all data stored on PCs and servers.
Federal regulators have issued new guidance to clarify scenarios where HIPAA privacy and security regulation might apply, including for mobile health applications and electronic data exchange. Why are some organizations still so confused?
Over a three-month period in 2015, a single cybercrime gang managed to earn at least $330,000 in bitcoins thanks to an estimated 670 victims paying attackers to decrypt ransomware-infected systems. Should police be doing more to stop these attacks?
While the healthcare sector is finally becoming aware of the cyberthreats and risks facing medical devices, new Internet of Things health devices are quickly creating new vectors for cyberattacks, warns cybersecurity expert Tyler Cohen Wood.
"We never negotiate" might be the expectation whenever law enforcement or government agencies get targeted by criminals or even "cyberterrorists." But outside Hollywood, the reality too often turns out to be far less rigid.
Sometimes language barriers can be a good thing: Many malware-wielding cybercriminals have historically targeted users in North America and Europe over Japan, owing to linguistic challenges. But that's changing.
Three banks and a pharmaceutical company in India are reported to have been hacked by attackers who compromised IT administrators' computers using Lechiffre ransomware, demanding payment in bitcoins. How should CISOs defend against extortion?
Hackers are turning over big profits by holding data hostage in return for a ransom payment. Ransomware is the fastest-growing type of malware, targeting anyone from mom-and-pop shops to large government entities. Once files are encrypted, hackers are asking victims for payments ranging from $200 to tens of thousands...
Israel has reportedly foiled a "severe cyberattack" launched against the Israeli Electricity Authority. The malware attack doesn't appear to have resulted in any disruption to the country's power grid, but many government systems remain offline.
Extortion campaigns waged by cybercriminals are expected to become more damaging in 2016, putting additional pressure on CISOs to enhance protection of internal networks and educate employees about extortionists' techniques, says iSight Partner's John Miller.
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Tracing bitcoin transactions, some security experts suspect multiple gangs have each amassed more than $1 billion, making them the equivalent of "unicorns" - a term venture capitalists apply to extremely successful startup firms. In case there was any doubt, cybercrime really does pay.