SAN BERNARDINO, Calif. (AP) — A Southern California County and insurers paid $1.1 million to resolve a ransomware attack on a law enforcement computer network, Southern California News Group reported. The San Bernardino County Sheriff’s Department announced in April that …
Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group. In its annual outlook on cyber threats, …
WASHINGTON (AP) — The FBI and international partners have at least temporarily disrupted the network of a prolific ransomware gang they infiltrated last year, saving victims including hospitals and school districts a potential $130 million in ransom payments, Attorney General …
The modern security ecosystem is diverse and ever-changing, a place where cyber risk is top of mind for leaders at all levels, and threats to information / data security and privacy evolve at the speed of the technical innovations driving …
Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc. In findings published on Thursday, the blockchain forensics firm estimated that ransom payments — which are almost always …
A business owner’s insurance policy did not provide coverage for software damaged by a ransomware attack because there was no direct physical damage or loss, the Ohio Supreme Court ruled. “Computer software cannot experience ‘direct physical loss or physical damage’ …
The evolution of ransomware is bringing a wider range of risks to insurance policyholders, with new government regulations, exfiltration of data and state-sponsored actors adding to the mix, attorneys with the Anderson Kill law firm said during a webinar on …
Cyberattackers have crippled systems at one of India’s most prominent hospitals for a week, forcing the institution to operate a raft of key medical services and labs manually. The All India Institute of Medical Sciences — a hospital that’s traditionally …
WASHINGTON (AP) — A man who authorities say participated in a ransomware campaign that extracted tens of millions of dollars from victims has been charged in the United States, the Justice Department announced Thursday. Mikhail Vasiliev, a dual national of …
US financial institutions reported nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian criminal groups, according to the Treasury Department. The payments more than doubled from 2020, underscoring the pernicious damage …