Leveraging Knowledge to Manage Your Data Risks
This week, AGCO, a U.S. agricultural machinery manufacturer, suffered a ransomware attack that affected its business operations and shut down its systems.
AGCO, headquartered in Duluth, Georgia, designs, produces, and sells tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding and tillage equipment. AGCO first discovered this attack through its subsidiary, Massey-Ferguson, when…
According to Emsisoft, the education sector continues to experience ransomware attacks, with a whopping 1,043 schools affected by ransomware in 2021. This statistic breaks down to include 62 school districts and 26 colleges and universities.
Emsisoft estimates that data of employees and students were stolen in at least half of those attacks in 2021.
2022…
The most recent Accenture Global Incident Report (the Report) shows that cyber-attackers have political views and are divided between support for Russia or Ukraine.
According to the Report, entitled “Global Incident Report: Threat Actors Divide Along Ideological Lines over the Russia-Ukraine Conflict on Underground Forums,” the war between Russia and Ukraine has caused an unusual…
The world has rallied around Ukraine since Russian forces invaded this past week, including, it seems, hackers. The hacktivist collective Anonymous, which gained prominence between 2008 and 2014 with a series of high-profile politically motivated cyber-attacks against such disparate groups as the Church of Scientology and PayPal, has come out of the woodwork once again…
A joint Cybersecurity Advisory issued by U.S. and international partners, entitled “2021 Trends Show Increased Globalized Threat of Ransomware,” warns of “the growing international threat posed by ransomware over the past year” on a global perspective.
The trends outlined by the Cybersecurity and Infrastructure Security Agency, the Federal Bureau of Investigation, the National Security Agency,…
Coveware issued its 2021 Q4 Ransomware Report on February 1, 2022. The report stated that although average and median ransom payments increased “dramatically” in Q4, “we believe this change was driven by a subtle tactical shift by Ransomware-as-a-Service (RaaS) operations that reflected the increasing costs and risks” of executing an attack.
Because it is riskier…
The Cybersecurity & Infrastructure Security Agency (CISA) recently issued another warning to “every organization” in the U.S. about cybersecurity risks during the ongoing escalation of tension between the U.S. and Russia over Ukraine.
According to the CISA Insights publication entitled “Implement Cybersecurity Measures Now to Protect Against Potential Critical Threats,” “public and private entities in…
A professional accounting firm in Illinois received an unwanted holiday “gift” in the form of a class action complaint stemming from its alleged failure to secure personally identifiable information (PII) and to timely notify affected parties of a data breach.
On December 17, 2021, a lawsuit was filed against Bansley & Kierner, LLP, which offers…
It was a crazy weekend for cyber-attacks. People seem surprised, but those of us in the industry aren’t surprised one bit. It is very logical and foreseeable that hackers are leveraging attacks that have maximum disruption on multiple victims, including third-party vendors and their customers. It is a “one-stop shop” strategy that is used every…
The Division of Legislative Automated Systems, which provides IT services to the Virginia General Assembly (the Assembly), detected a ransomware attack on December 10, 2021, that included “extremely sophisticated malware” that affected all of its servers.
The attack comes right before the Assembly commences its session in January.
Governor Ralph Northam was briefed on the…
