Tag Archives: ransomware

Carnival Cruises Hit with Ransomware

Adding insult to injury for cruise ship company Carnival Corporation (Carnival) following the hit from the pandemic to the travel industry as well as a class action lawsuit relating to the Diamond Princess’ fate during the pandemic, Carnival disclosed in its August 17, 2020 8-K filing that it recently  experienced a ransomware attack. According to … Continue Reading

Fall-Out from Blackbaud Ransomware Attack

As a follow-up to last week’s post on the importance of due diligence regarding high-risk vendors’ security practices, Blackbaud, a global company providing financial and fundraising technology to not-for-profit entities, notified its customers late last week that it was the victim of a ransomware attack in mid-May. Blackbaud offers a number of products to its … Continue Reading

SEC Issues Warning for Advisors and Broker-Dealers on Increased Ransomware Attacks

On July 10, 2020, the Securities and Exchange Commission, through its Office of Compliance Inspections and Examinations (OCIE), issued a warning to advisors and broker-dealers to “immediately” review their cybersecurity controls to prevent and respond to an increase in phishing campaigns and ransomware attacks. The Risk Alert advises that the OCIE has “observed an apparent … Continue Reading

Texas Court System Hit with Ransomware

The Office of Court Administration in Texas (OCA) confirmed late last week that it is the victim of a ransomware attack. The OCA stated that it would not pay the ransom. “OCA was able to catch the ransomware and limit its impact, and will not pay any ransom…Work continues to bring all judicial resources and … Continue Reading

Shade Ransomware Group Shuts Down

Some good news in the ransomware world, which is so rare these days. The Shade (Troldesh) ransomware group has retired and is shutting down. When do you ever hear that a ransomware group is shutting down? According to reports, Shade has publicly announced that it is retiring (apparently it has made enough money to do … Continue Reading

Cognizant Confirms Maze Ransomware Attack

The criminals behind the Maze ransomware [view recent related posts here and here] have gone big and hit Cognizant, one of the largest technology consulting companies in the U.S., with its nasty ransomware. Cognizant stated on its website that it “can confirm that a security incident involving our internal systems, and causing service disruptions for … Continue Reading

Sodinokibi Hackers Switch Payment Mechanism to Monero

The hackers behind the Sodinokibi/REvil ransomware have reportedly switched their demands for payment from Bitcoin or Ethereum to Monero cryptocurrency to try to prevent law enforcement from tracking payments. The hackers reportedly advertised the switch in a posting to an online hacker and malware forum, and admitted that the switch from Bitcoin to Monero is … Continue Reading

Interpol Issues Alert on Increased Risk of Ransomware Attacks Against COVID-19 Medical Organizations

Interpol has issued an alert to global law enforcement agencies about the increased risk of ransomware attacks on hospitals, health care providers and other organizations on the front line of response to the COVID-19 pandemic. The Purple Notice, issued to all 194 member countries, notified them that Interpol’s Cybercrime Threat Response team has detected a … Continue Reading

Microsoft Issues Cybersecurity Risk Warning and Offers Help to Hospitals During COVID-19 Crisis

On April 1, 2020, Microsoft issued a specific warning to health care entities alerting them that they are at particular risk during the COVID-19 crisis, as threat actors are using the pandemic to take advantage of vulnerabilities while hospitals are focused on responding to the crisis. According to Microsoft “[D]uring this time of crisis, as … Continue Reading

COVID-19 Vaccine Test Lab Hit by Maze Ransomware

Despite the fact that the hackers behind Maze ransomware previously promised not to hit medical organizations during the coronavirus pandemic, it recently attacked a British medical lab that is slated to test COVID-19 vaccines during the pandemic. The Maze hackers previously said publicly that it would “stop all activity versus all kinds of medical organizations … Continue Reading

City of Durham, NC Hit With Ryuk Ransomware

Another city—Durham, North Carolina—has become the victim of a ransomware attack stemming from a Russian hacker group following a successful phishing scheme. After falling victim to the ransomware attack last weekend, the city shut down its network, including disabling access to the network by the Durham Police Department, the Sheriff’s Office and the communications center. … Continue Reading

Vegas Casinos Are “Cash Only” After Suspected Ransomware Attack

Two Las Vegas casinos’ networks were down over the past week, with posted signs saying “Cash Only” throughout the casinos after a suspected ransomware attack. Electronic slot machines were silent as the casinos reacted to the security incident. The Nevada State Gaming Control Board was aware of the situation and disclosed that it is monitoring … Continue Reading

Privacy Tip #227 – Sextortion Ransomware

Criminal minds are creative, and new ransomware strains show just how creative cyber-attackers can be. A new strain of ransomware, dubbed Ransomwared, requests a different kind of payment from the victim than the typical bitcoin request. Instead of paying for the decryption of data, or to prevent cyber-attackers from releasing private photos they have obtained … Continue Reading

Ransomware Attacks Predicted to Occur Every 11 Seconds in 2021 with a Cost of $20 Billion

Confirming what we are seeing in the field, cybersecurity firm Cybersecurity Ventures has predicted that, globally, businesses in 2021 will fall victim to a ransomware attack every 11 seconds, down from every 14 seconds in 2019. That figure is based on historical cybercrime figures. It is estimated that the cost of ransomware to businesses will … Continue Reading

Ransomware—to Pay or Not to Pay and Should We Get a Bitcoin Wallet Just in Case?

There’s nothing worse than paying criminals. And paying a ransom for data is just that—paying criminals for a criminal act. All you get out of the payment is access to your data. It doesn’t fix the vulnerability or the root problem. Let the record reflect that the FBI does not recommend paying ransoms to cyber … Continue Reading

Ransomware Attacks More Frequent and Recovery Efforts Extended in 2020

A new report published by Coveware concludes that companies hit with ransomware attacks spend an average of 16 days recovering from the attack. Think about being offline and unable to do business for 16 business days. It is extremely disruptive and costly. It takes larger organizations longer to recover than smaller ones, and larger organizations … Continue Reading

Crime-as-a-Service Targets Popular Platforms

It’s getting difficult to keep up with the jargon of all of the new digital scams. The SaaSes in the beginning became regular business terms, such as Software-as-a-Service (SaaS), and Business Processes-as-a-Service (BPaaS). But then the criminal enterprises came up with Malware-as-a-Service (MaaS), Ransomware-as-a-Service (RaaS) and now Crime-as-a-Service (CaaS). A new Crime-as-a-Service offering is targeting … Continue Reading
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