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Posted by Matthew Delman on July 1, 2021

Cybercriminals have pounced on the COVID-19 crisis, made clear by the number of ransomware attacks increasing by at least 150 percent in 2020. As a follow-on consequence, organizations have started purchasing cyber insurance policies to hedge against the financial risk of a successful cyber attack. 

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Posted by Matthew Delman on June 19, 2021

This week in security news in review, we have reporting on the Avaddon ransomware gang closing down, Google releasing a new framework about supply chain attack prevention, and a new malware that prevents you from visiting piracy sites. These and other stories in this week’s edition of the cyber news you need to know. 

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Posted by Daniel Petrillo on March 24, 2021

Over 30 years ago, a disgruntled researcher unleashed the first noted ransomware virus, the “Aids Trojan.” Distributed on 20,000 floppy disks marked “AIDS Information — Introductory Diskettes'' using hijacked mail subscriber lists to the World Health Organization AIDS conference, the Aids Trojan encrypted hard drives and directed victims to post ransom money to a P.O. box located in Panama. However, the Aids Trojan had a design failure — it used simple symmetric cryptography, which meant that it was possible to extract the decryption key from the code of the Trojan. 

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Posted by Matthew Delman on October 1, 2020

Increasing numbers of headline-grabbing ransomware attacks are a concerning trend. They also point to a strong possibility that many organizations are falling behind threat actors in the cybersecurity arms race. As they fail to reassess their approaches to cybersecurity, organizations open themselves up to attacks that can be devastating and, in some cases, life-threatening.

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Posted by Michael Gorelik on August 7, 2020

Garmin has confirmed that the recent outage its users experienced was indeed the result of a successful ransomware attack. However, the extent of the damage done is still unclear. The attack, which compromised Garmin’s servers for five days, impacted millions of users globally and will likely end up costing Garmin millions of dollars in lost productivity and reputation alone. While Garmin says that no customer data was leaked, Garmin's call centers, web site, and cloud-based services such as Garmin Connect and FlyGarmin (a commercial aviation navigation service) were either taken offline or negatively impacted as a result of the attack.

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Posted by Andrew Homer on March 27, 2020

 

In recent weeks we've seen threat actors stepping up ransomware attacks against hospitals at a moment when saving lives is their most important focus. To keep critical care operating uninterrupted, it’s become more important than ever for hospitals to harden their environment with ransomware prevention.Without secure  infrastructure, treatments and surgeries can and do grind to a halt. The operators of the Ryuk ransomware, for example, targeted 10 healthcare organizations over the course of the past month and are continuing to attack and encrypt data at healthcare organizations, according to Bleeping Computer.

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