ransomware attack News

Firm Hacked by Ransomware Criminals Had Previous Security Flaws

For 21 years, the software company Kaseya labored in relative obscurity — at least until cybercriminals exploited it in early July for a massive ransomware attack that snarled businesses around the world and escalated U.S.-Russia diplomatic tensions. But it turns …

Biden Says Kaysea Ransomware Attack Caused ‘Minimal Damage’ to U.S. Firms

President Joe Biden said on Tuesday the ransomware attack centered on the Florida information technology firm Kaseya seems to have inflicted only “minimal damage” on American businesses. “It appears to have caused minimal damage to U.S. businesses, but we’re still …

Between 800 and 1,500 Firms Affected by Ransomware Attack, Kaseya’s CEO Says

Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centered on U.S. information technology firm Kaseya, its chief executive said on Monday. Fred Voccola, the Florida-based company’s CEO, said in an interview that it …

Major US Pipeline Halts Operations After Ransomware Attack

WASHINGTON (AP) — The federal government is working with the Georgia-based company that shut down a major pipeline transporting fuel across the East Coast after a ransomware attack, the White House says. The government is planning for various scenarios and …

Ransomware Shuts Gas Compressor for Two Days in Latest Attack

A recent ransomware attack caused a U.S. natural gas compressor facility to shut for two days, the latest in a string of attacks targeting the country’s energy infrastructure over the past few years. Hackers sent emails with a malicious link …

Ransomware Claims Driving Up Cyber Insurance Costs

U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, …

Bitcoin Claims, Ransom Demands Skyrocket

Hey, want those photos and files back? It may cost more than it used to. Thank bitcoin. Chubb Ltd., best known for catering to wealthy families and corporations, is among at least three insurers facing a jump in costs tied …

Global ‘WannaCry’ Ransomware Cyberattack Sought Cash for Data

A global “ransomware” cyberattack, unprecedented in scale, had technicians scrambling to restore Britain’s crippled hospital network Saturday and secure the computers that run factories, banks, government agencies and transport systems in many other nations. The worldwide effort to extort cash …