[ad_1] The financial sector experienced notable impacts, with recovery costs averaging $2.58 million per incident in 2024, up from $2.23 million in 2023. Ransom demands in this sector varied widely, ranging from $180,000 to $40 million, with an average demand of $6.9 million. Additionally, the sector faced significant downtime costs, estimated at $32.3 billion since...Read More
[ad_1] According to the report, Business email compromise (BEC) and funds transfer fraud (FTF) have been the most prevalent cyber incidents. (Photo: Shutterstock) Ransomware claims remained the most financially damaging cyber threat, despite a stabilisation in their frequency in 2024. The finding is part of cyber insurer Coalition’s 2025 Cyber Claims Report, based on data...Read More
[ad_1] Ransomware operations are using legitimate Kickidler employee monitoring software for reconnaissance, tracking their victims’ activity, and harvesting credentials after breaching their networks. In attacks observed by cybersecurity companies Varonis and Synacktiv, Qilin and Hunters International ransomware affiliates installed Kickidler, an employee monitoring tool that can capture keystrokes, take screenshots, and create videos of the...Read More
[ad_1] The Kansas Office of Judicial Administration continues its IT modernization, shaped by the October 2023 ransomware attack and recent legislation. This effort is part of a broader push to align technology across all branches of state government while preserving their independence. In February, Kansas launched the IT Integration, Assessment, Roadmap, and Planning Project with...Read More
[ad_1] By Raphael Satter WASHINGTON (Reuters) -The ransom-seeking cybercriminals behind the extortion group Lockbit appear to have suffered a breach of their own, according to a rogue post to one of the group’s websites and security analysts who follow the gang. On Wednesday one of Lockbit’s darkweb sites was replaced with a message saying, “Don’t...Read More
[ad_1] Image courtesy of crypto.news A group claiming to be from Prague has hacked LockBit’s dark web panel, leaking sensitive data including its internal systems and Bitcoin wallets. LockBit, a notorious ransomware gang, had their internal data package compromised, which included over 60,000 Bitcoin BTC addresses, approximately 75 user credentials, and ransom negotiation logs. Analysts...Read More
[ad_1] Online education software provider PowerSchool on May 7 said the threat actors they paid a ransom to following a December 2024 cyberattack have reached out to multiple school district customers in apparent attempts to extort them in exchange for restoring stolen data.The original hack in late December reportedly exposed the sensitive personal data of...Read More
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