Sophos has released its annual “State of Ransomware 2024” survey report, which found that the average ransom payment has increased 500% in the last year. Organisations that paid the ransom reported an average payment of $2 million, up from $400,000 in 2023. However, ransoms are just one part of theRead More…
Veeam Software recently announced the acquisition of Coveware, a leading provider in cyber-extortion incident response. It brings best-in-class ransomware recovery and first responder capabilities to further strengthen Veeam’s radical resilience solutions for customers. Coveware by Veeam will continue to operate as it does today, providing incident response services to victims ofRead More…
Morphisec announced the launch of the Anti-Ransomware Assurance Suite. This innovative offering aims to help organizations pre-emptively reduce exposure to cyber risk, proactively prevent advance threats and ensure optimal anti-ransomware defense. Powered by Automated Moving Target Defense (AMTD),Read More…
The ransomware landscape experienced significant transformations and challenges in 2023. The year saw a 49% increase in victims reported by ransomware leak sites, with a total of 3,998 posts from various ransomware groups.Read More…
Veritas Technologies has announced enhancements to Veritas Backup Exec, the unified backup and recovery solution trusted by more than 45,000 small and midsize businesses (SMBs) worldwide. The latest updates include malware detection capabilities, role-based access control and additional optimizations for fast backup and recovery of business-critical data. With ransomware attacksRead More…
Sophos has released its annual 2024 Sophos Threat Report, with this year’s report detailing “Cybercrime on Main Street” and the biggest threats facing small- and medium-sized businesses (SMBs). According to the report, in 2023, nearly 50% of malware detections for SMBs were keyloggers, spyware and stealers, malware that attackers useRead More…
After an encouraging decline in 2022, the ransomware landscape saw a major escalation in the frequency, scope, and volume of attacks, resulting in victims paying out over US$1.1 billion in cryptocurrencies to cyber criminals last year. The findings, which are part of Chainalysis’ upcoming 2024 Crypto Crime Report, also highlightedRead More…
Unit 42 Threat Intelligence analysts have noticed an escalation in Medusa ransomware activities and a shift in tactics toward extortion, characterised by the introduction in early 2023 of their dedicated leak site (DLS) called the Medusa Blog. Medusa threat actors use this site to disclose sensitive data from victims unwillingRead More…
