The Cl0p ransomware group has been attempting to extort Thames Water, a public utility in England. Just one problem: the group attacked an entirely different water provider. Through ineptitude or outright lying, this isn't the first time that a ransomware group has claimed the wrong victim.
This edition of the ISMG Security Report analyzes the latest ransomware trends from the European Union Agency for Cybersecurity, findings from the first-ever Cyber Safety Review Board on the Log4j incident, and how security and privacy leaders are harmonizing new U.S. privacy laws.
Yet another ransomware-wielding group of criminals has hit an organization in the health sector. This time, it's cybercrime group RansomEXX, which has been trumpeting an attack against the Scottish Association for Mental Health. The crime gang says it has stolen more than 12GB of data from SAMH.
Because a relatively small number of individuals provide the vast majority of services and infrastructure that power cybercrime, they remain top targets for arrest - or at least disruption - by law enforcement authorities, says cybercrime expert Alan Woodward. But of course, geopolitics sometimes gets in the way.
Ransomware-wielding criminals continue to find innovative new ways to extort victims, develop technically and sidestep skills shortages by delivering ransomware as a service, said Robert Hannigan, the former head of U.K. intelligence agency GCHQ, in his Infosecurity Europe 2021 virtual keynote speech.
How much does it cost to recover from a ransomware attack? For the Scottish Environment Protection Agency, which was hit by the Conti ransomware-wielding gang on Christmas Eve, reported cleanup costs have reached $1.1 million. SEPA is still restoring systems and has refused to pay any ransom.
It is essential that government organizations and the private sector bodies in their supply chain have the
right solutions in place to minimize the risk of data loss in the public sector. Systems for data classification
and data loss prevention allow organizations to effectively control and manage data and ensure...
With ransomware continuing to fuel a massive surge in illicit profits, some experts have been calling on governments to launch offensive hacking teams to target cybercrime cartels. They're also calling for a review of cyber insurance payouts being used to fund ransoms.
Good news on the cybercrime front: "Cryptocurrency-related crime fell significantly in 2020," compared to 2019, reports blockchain analysis firm Chainalysis. Unfortunately, in the same timeframe, ransomware profits surged 311%, stoking calls for a crackdown on ransom payments.
The Scottish Environment Protection Agency says a ransomware attack last month continues to cause serious outages and warns that ransom-demanding attackers also stole some data. The Conti ransomware-as-a-service operation has claimed credit for the attack and begun to leak the stolen data.
Andy Bates, executive director of the Global Cyber Alliance, shares his insights on key cybersecurity and fraud challenges facing UK organizations in the year ahead, with an emphasis on:
Emerging threats
IoT vulnerabilities
How defenders and defenses must adapt
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
According to EY, consumers, regulations, and business concerns are driving UK public and private sector industries to re-examine their data disposition processes, particularly for sensitive and personal information. We'll show how UK enterprises can ensure data security at data end-of-life, comply with data protection...
The number of cybersecurity incidents reported to the U.K.'s data privacy watchdog has continued to decline, recently plummeting by nearly 40%. But is the quantity of data breaches going down, or might organizations be failing to spot them or potentially even covering them up?
How many different shades of bizarre is the data breach notification issued by software vendor Blackbaud? Over the course of three paragraphs, Blackbaud normalizes hacking, congratulates its amazing cybersecurity team, and says it cares so much for its customers that it paid a ransom to attackers.
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