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.
Australian spies should be allowed to take offensive action against some of the world's most prominent ransomware gangs, says Tim Watts, a member of Australia's Parliament who says the move, proposed under the Labor Party's push for a national ransomware strategy, would deter attackers.
Organisations in Australia have expanded their use of encryption to protect cloud and on-premises data and applications, but what challenges are they facing? And what tools do they find most effective?
The 2021 Australia Encryption Trends Study, conducted by the Ponemon Institute and sponsored by Entrust, will be...
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:
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...
Ransomware continues to pose a "significant" threat, and email remains one of the top attack vectors being used by both criminals and nation-states, Australia's Cyber Security Center warns in its latest "Cyber Threat Report," which urges organizations to improve their defenses.
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.
Ransomware is here to stay throughout the UK's public sector and academic institutes - just as much as in the private sector. We have to admit that it's no longer a question of 'if' but rather 'when' and 'to what' extent your organization will be affected. Rather than hope it won't get you, let's explore all the...