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A report by the US Treasury has found US financial institutions experienced nearly $1.2bn in costs associated with ransomware attacks in 2021.
A reliance on outdated technology is undermining how UK organisations respond to ransomware, according to research from data management company Cohesity.
The FBI’s Internet Crime Complaint Center (IC3) revealed it received 649 complaints of ransomware attacks that had targeted critical infrastructure organisations last year.
A recent report by cybersecurity firm Kaspersky found that while the number of mobile malware hacks declined last year, the attacks became more sophisticated.
The FBI has revealed that the Cuba ransomware gang has breached the networks of ‘at least’ 49 organisations from US critical infrastructure markets.
The US government has put a $10m bounty on the cybercriminals who hacked the system of the Colonial Pipeline back in May of this year.
Ransomware threat intelligence firm SonicWall has found 2021 will be the most expensive and dangerous year on record for ransomware attacks, with 495 million logged already.
A recent reported by InsurTech firm Embroker has found up to 63% of small and medium sized firm owners believe they are not at risk from a ransomware attack.
The global spread of ransomware attacks has continued after South Africa’s Justice Department saw its network encrypted.
The REvil ransomware gang – also known as Sodinokibi – has fully returned following a period in the darkness since July this year.