In August 2025, Cisco Talos observed big-game hunting and double extortion attacks carried out by Kraken, a Russian-speaking group that has emerged from the remnants of the HelloKitty ransomware cartel. Talos observed in one intrusion that the Kraken actor exploited Server Message Block (SMB) vulnerabilities for initial access, then used tools like Cloudflared for persistence and SSH Filesystem (SSHFS) for data exfiltration before encryption. Kraken is a cross-platform ransomware with distinct encryptors for Windows, Linux, and VMware ESXi, targeting a wide...Read More
The staggering prediction by Cybersecurity Ventures that global cybercrime damages would reach $10.5 trillion USD annually by 2025 has served as a wake-up call for governments, businesses, and cybersecurity professionals. A BitGuardian blog post states that as of Feb. 2026, this widely cited milestone remains a pivotal benchmark in discussions about the economic scale of cyber threats. If cybercrime...Read More
Paul Sculfor. Distributed by Hamlins Four hacking claims against the publisher of the Mirror have been dismissed as a judge found the claimants could have known they had a case before the six-year time limit was up. However one case against Mirror Group Newspapers (MGN) from a pool of test cases was allowed to continue....Read More
13 Sep Ransomware Will Strike Every 2 Seconds By 2031 Posted at 15:38h in Blogs by Cybercrime Magazine Gangs, strains, and statistics CISOs and cybersecurity teams should know – Steve Morgan Sausalito, Calif. – Jun. 28, 2023 Cybersecurity Ventures predicts that by 2031, ransomware will cost victims $265 billion annually, and it will attack a...Read More
New South Wales authorities have applied to have child molester and former fugitive Charles Batham transferred from a jail in Perth in order to face fresh criminal charges. The British-born aviator is serving a nine-year jail sentence in Western Australia, after being convicted of sexually abusing two girls in the northern WA town of Broome....Read More
What SMBs Need to Know About Ransomware Today Ransomware is constantly evolving. Over the years, cybercriminals have moved from a spray-and-pray methodology to big-game hunting, where cybercrime gangs target victims that may be the most vulnerable to such attacks, according to Asheer Malhotra, technical lead and security researcher at Cisco Talos, a threat intelligence...Read More
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly. CYBERCRIME: The White House announced, “President Donald J. Trump signed an Executive Order to combat cybercrime, fraud, and predatory schemes...Read More
A concerning development has emerged in early 2026, as IBM X-Force uncovered a likely AI-generated malware strain they named “Slopoly,” deployed during a ransomware attack by the financially motivated threat group Hive0163. The group is primarily focused on large-scale data theft and ransomware deployments, using a growing arsenal of custom-built tools to stay persistent inside...Read More
The dramatic acceleration of ransomware attacks now occurs at machine speed, completing in minutes rather than days. This shift is driven by AI-powered tactics and multi extortion campaigns, rendering traditional human-driven security responses obsolete. There is a critical need for AI-powered detection, automated responses and eXtended Detection and Response (XDR) platforms to build speed-compatible defenses...Read More
The executive actions emphasize public-private partnerships, enhanced information sharing, and leveraging commercial cybersecurity capabilities. By Jennifer C. Archie, Marissa R. Boynton, Antony (Tony) Kim, Clayton Northouse, Michael H. Rubin, and Serrin Turner On March 6, 2026, President Trump signed an executive order titled “Combating Cybercrime, Fraud, and Predatory Schemes Against American Citizens” (the Order) that...Read More
