Tag: Ransomware

Cohesity has found a trend among firms relying on ransomware payouts and cyber insurance as a solution to their cyber weaknesses.

The OMB and the Office of the ONCD has presented its five cybersecurity budget priorities for for fiscal year 2025.

The shocking MOVEit data breach has left global businesses reeling and exposed the hard truth of our digital era - cyber threats are an inescapable reality. The enormity of the breach's impact, and the sensitive nature of the data now in the hands of hackers, has served as a sobering reminder of the catastrophic implications of cyber attacks and the spiralling chaos they can induce in the corporate world.

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A reliance on outdated technology is undermining how UK organisations respond to ransomware, according to research from data management company Cohesity.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.