But firms are coughing up less cash and recovering faster Security outfit Sophos has released its latest State of Ransomware report and it paints a picture that’s still grim, but with a few green shoots for businesses sick of being fleeced. According to the vendor-agnostic survey, nearly half of the companies hit by ransomware ended up...Read More
The Medusa ransomware gang has attacked over 300 victims in critical infrastructure sectors, according to U.S. cybersecurity agencies. An advisory from the FBI, Cybersecurity and Infrastructure Security Agency (CISA) and the Multi-State Information Sharing and Analysis Center (MS-ISAC) on Wednesday said the group and its affiliates have attacked organizations in the medical, education, legal, insurance,...Read More
The sixth annual Sophos State of Ransomware report provides fresh insights into the factors that led organizations to fall victim to ransomware and the human and business impacts of an attack. Based on insights from a vendor-agnostic survey of 3,400 IT and cybersecurity leaders across 17 countries whose organizations were hit by ransomware in the...Read More
Nearly 50% of companies paid the ransom to recover their data, the second-highest rate in six years, according to Sophos. How actual payments stack up with the initial demand Ransom payments and recovery costs are on the decline Despite the high percentage of companies that paid the ransom, 53% paid less than the original demand....Read More
Cyberattack disrupted systems at 13 McLaren hospitals and Karmanos cancer centers across Michigan. McLaren Health Care in Michigan has begun notifying over 743,000 individuals that their personal and health data may have been compromised in a ransomware attack in August 2024. The health system confirmed that unauthorised access to its systems began on 17 July...Read More
The modern ransomware landscape has evolved far beyond simple data encryption and ransom demands. Attackers have become more sophisticated, adopting double extortion tactics, where data is not only encrypted but also exfiltrated and used as leverage to demand higher ransoms. For CISOs, this shift represents a growing challenge—and a dire need for proactive Exfiltration Prevention. ...Read More
