Ransomware attacks have emerged as a significant and relentlessly escalating threat to the financial sector on a global scale. Banks, credit unions, investment firms, and other financial institutions are increasingly targeted by sophisticated cybercriminals who employ ransomware as their weapon of choice. These malicious actors infiltrate the systems of these organizations, encrypt their critical data...Read More
The increased prevalence of ransomware attacks is forcing the UK, along with many other countries, to explore mitigation tactics. One option is for a targeted ransomware payment ban to negate cybercriminals’ funding mechanism. In 2024, global ransomware attacks increased by 11% from the previous year (opens a new window). According to Microsoft (opens a new...Read More
An Iranian national pleaded guilty on Tuesday in North Carolina federal court for his role in a ransomware and extortion operation that prosecutors say targeted computer networks for Baltimore and other U.S. cities, a scheme that led to work disruptions and financial losses. Sina Gholinejad, 37, pleaded guilty to one count of computer fraud and...Read More
Bengaluru, May 31, 2025: Global cybersecurity and digital privacy company Kaspersky has partnered with the Manipal Institute of Technology (MIT), Bengaluru, MAHE, to launch HackSky — a 48-hour on-campus hackathon. This two-day event, taking place from 29th to 30th July, is open to tech students, young cybersecurity professionals, and cybersecurity enthusiasts from across India. It...Read More
exclusive A mystery whistleblower calling himself GangExposed has exposed key figures behind the Conti and Trickbot ransomware crews, publishing a trove of internal files and naming names. The leaks include thousands of chat logs, personal videos, and ransom negotiations tied to some of the most notorious cyber-extortion gangs —believed to have raked in billions from...Read More
Home » General » Crime » TN: Chennai Police recovers Rs 10.25 cr for cyber fraud Chennai, May 31 (SocialNews.XYZ) In a significant crackdown on cybercrime, the Greater Chennai Police (GCP) have successfully restituted Rs 10.25 crore to victims of cyber fraud in the first five months of 2025. Of this, over Rs 2 crore...Read More
Sophos MDR recently responded to a targeted attack involving a Managed Service Provider (MSP). In this incident, a threat actor gained access to the MSP’s remote monitoring and management (RMM) tool, SimpleHelp, and then used it to deploy DragonForce ransomware across multiple endpoints. The attackers also exfiltrated sensitive data, leveraging a double extortion tactic to...Read More
Australia now requires large companies to inform the government if they have paid off ransomware perps. The requirements, as set out in the Cyber Security Bill 2024, kicked in on Friday, May 30. Any business turning over more than AUS $3 million ($1.92 million) must report ransomware payments within 72 hours to the Australian Signals...Read More
The sudden fall of a ransomware supplier once described as the world’s most harmful cybercrime group has raised questions about Moscow’s role in its development and the fate of its founder. LockBit supplied ransomware to a global network of hackers, who used the services in recent years to attacks thousands of targets worldwide and rake...Read More
WithSecure Corporation, Stock Exchange Release, 31 May 2025 at 9:45 EEST WithSecure has completed the transaction of Cyber security consulting divestment to Neqst WithSecure announced on 23 January 2025 its intention to divest the cyber security consulting business to Neqst, Swedish investment company. On 31 May 2025, the parties completed the transaction in accordance with...Read More
