In the second quarter of 2024, ransomware and business email compromise (BEC) attacks constituted 60% of all cyber incidents, as reported by Cisco Talos. Technology was the most targeted sector, accounting for 24% of incidents, reflecting a 30% increase from the previous quarter. Attackers are focusing on tech firms as …
Experienced cybercriminals are moving away from large ransomware-as-a-service (RaaS) platforms due to increased law enforcement actions and internal scams like the AlphV/BlackCat gang’s exit scam. These criminals are now creating their own ransomware using leaked tools. Despite the change, experts warn that ransomware and extortion incidents are unlikely to decrease. …
Clay County, Indiana, has declared a local disaster following a ransomware attack that disrupted critical services at the county courthouse, Community Corrections, and Probation offices. The attack, discovered around midnight on July 9, prevented officials from accessing data or connecting with state partners, leading to the closure of the courthouse …
Alabama’s State Department of Education recently experienced a significant data breach following a thwarted ransomware attack on June 17. Although IT professionals managed to stop the attack, threat actors accessed some data and disrupted services. Superintendent Eric Mackey revealed that while the full extent of the breach is still being …
Patelco Credit Union, one of the oldest and largest credit unions in the U.S., suffered a significant ransomware attack on June 29, 2024. The cyber assault forced the shutdown of Patelco’s online banking platform, mobile app, and call center operations, affecting nearly 500,000 members in the Bay Area and Northern …
In the first quarter of 2024, BlackBerry detected and thwarted 3.1 million cyberattacks, highlighting a significant rise in malicious activity. The report revealed that 60% of these attacks targeted critical infrastructure sectors, with the financial industry being hit the hardest. The surge in novel malware, with 54% of attacks involving …
The LockBit ransomware group has announced that it successfully breached the US Federal Reserve, claiming to have exfiltrated 33 terabytes of sensitive data, including Americans’ banking secrets. They have threatened to release this data on June 25, 2024. While the group has not yet published any samples of the stolen …
