In the first half of 2021, ransomware attacks skyrocketed, eclipsing the entire volume for 2020 in only six months, according to the mid-year update to the 2021 SonicWall Cyber Threat Report published. In a new paradigm for cybercrime, SonicWall is analyzing how threat actors are using any means possible toRead More…
At-Bay, a cyber insurance company, has received $185 million at a $1.35 billion valuation to expand its business, as many in the cyber industry continue to suffer losses as a result of ransomware attacks. According to the firm, it just reached $160 million in annual recurring income, with premium growthRead More…
With an increased number of ransomware attacks, Dave Russell, VP, Enterprise Strategy, Veeam talks on how businesses can fight back. Ransomware attacks have bitten a gaping hole in the pockets of businesses who are having to pay extortionate ransoms in response to highly targeted attacks by sophisticated criminal organisations. TheRead More…
Marsh, the world’s leading insurance broker and risk advisor, is warning clients that ransomware attacks across the region are intensifying in both frequency and severity and advising them to take additional measures to protect their businesses. With more people now working from home, cyber criminals are capitalizing on the opportunitiesRead More…
Sophos today published a new report on MrbMiner, “MrbMiner: Cryptojacking to bypass international sanctions,” tracking its origin and management to a small software development company based in Iran.Read More…
Sophos today published, “Color by Numbers: Inside a Dharma Ransomware-as-a-Service (RaaS) Attack,” which provides the first in-depth look at an automated attack script and toolset created by the ransomware operators and provided to cybercriminal buyers together with back-end infrastructure andRead More…
Since the Dubai Financial Services Authority (DFSA) launched the DFSA Cyber Threat Intelligence Platform (TIP) in January, over 130 DFSA Authorised Firms and DIFC registered companies have joined the platform. The platform has provided members with information and technical indicators on aRead More…
Two-fifths (40%) of consumers hold business leaders personally responsible for ransomware attacks the business suffers, according to global research from Veritas Technologies. Furthermore, the research shows that the public often wants restitution from businesses that fall foul of ransomware, with 65% ofRead More…
