The NBA's Houston Rockets were hit by a ransomware attack earlier this month. Now it's the Washington, D.C., police department. The common thread is a ransomware group called Babuk, which was unknown and likely didn't exist until it began posting on the dark web early this year.
CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, according to people with knowledge of the attack.
The ransomware challenge facing organizations today traces directly to the success being enjoyed by gangs who wield such malware, says Jen Miller-Osborn, deputy director of threat intelligence for Unit 42 at Palo Alto Networks.
Palo Alto Networks today announced it has extended its security portfolio as part of an effort to streamline the time and effort required for organizations to create and maintain a zero-trust IT environment across an extended enterprise.
The hacker ring’s ransom note appeared on the company’s computer screens this past Monday. “Your computers and servers are encrypted, backups are deleted,” it said. “We use strong encryption algorithms, so you cannot decrypt your data.”
The Colonial Pipeline ransomware attack has been by many measures the worst to date in the history of cybersecurity, nearly crippling the Southeastern U.S. and causing the pipeline company untold millions in damages.
RICHMOND, Va. (AP) — A Russian-speaking ransomware syndicate that stole data from the Washington, D.C., police department says negotiations over payment have broken down, with it rejecting a $100,000 payment, and it will release sensitive information that could put lives at risk if more money is not offered.
In the wake of recent high-profile cyberattacks, IT experts gathered at MeriTalk’s CDM Central: The Age of Cyber Defenders virtual event on May 12 agreed that the Federal government needs to accelerate innovation when it comes to cybersecurity, and that includes implementing the Continuous Diagnostics and Mitigation (CDM) program, along with zero trust security concepts.
The attack that hit Colonial Pipeline last week is a novel form of cybercrime that puts normally staid corporate entities in the vise of an old-school extortion scheme, one in which a company’s balance sheet, insurance status and capacity to absorb the pain of a lengthy operational shutdown may all come into play.
Lawmakers need to start with prevention if they want to stem the growing threat of cyberattacks in which cybercriminals seize computer systems for ransom, witnesses told the House Homeland cybersecurity subcommittee yesterday.
Amid a renewed focus on the threat posed by ransomware, leaders of the House Homeland Security Committee’s cybersecurity subcommittee said Wednesday they will attempt to once again pass legislation that creates a robust federal grant program supporting state and local governments.
BOSTON (AP) — Political hand-wringing in Washington over Russia’s hacking of federal agencies and interference in U.S. politics has mostly overshadowed a worsening digital scourge with a far broader wallop: crippling and dispiriting extortionary ransomware attacks by cybercriminal mafias that mostly operate in foreign safe havens out of the reach of Western law enforcement.
While some malware authors will try to create an air of legitimacy around their products to cover themselves from potential criminal cases in the future, one developer of a cryptocurrency stealer isn't even trying.
Palo Alto Networks this week announced that its agentless Cortex Xpanse tool for discovering cloud assets is now integrated with Prisma Cloud, a platform it provides for managing security across both legacy and emerging cloud-native IT environments.
Every hour, a threat actor starts a new scan on the public web for vulnerable systems, moving at a quicker pace than global enterprises when trying to identify serious vulnerabilities on their networks.
From dramatically reducing alerts and improving the productivity of security teams to facilitating automated incident response, here’s a look at 10 XDR security companies looking to dominate this emerging market.
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