Skip to Content

Tag: Ransomware


Monitoring Matters

Paying the Price for Security

August 18, 2021Cory Harris, Managing Editor

And the ransomware attacks just keep on coming. Add Fortune 500 company Accenture to the ongoing list of major companies that have been victimized and compromised in recent months as the Dublin, Ireland-based global cyber consulting firm was breached last week by a cyber threat using a strain of ransomware known as LockBit. Reports indicate that the hackers, known as LockBit 2.0, demanded $50 million in exchange for the more than 6TB of Accenture’s data they stole. A threatening message...

Cybersecurity, Ransomware


Read Full Articlered right arrow icon

DOJ seizes $2.3 million in cryptocurrency paid by Colonial Pipeline to hackers

Cybersecurity

DOJ seizes $2.3 million in cryptocurrency paid by Colonial Pipeline to hackers

June 8, 2021SSN Staff

WASHINGTON—The Department of Justice (DOJ) announced on June 7, 2021, that it seized 63.7 bitcoins currently valued at approximately $2.3 million, allegedly representing the proceeds of a May 8 ransom payment made by Colonial Pipeline to cybercriminal group DarkSide. The DOJ’s announcement of the seizure of funds came just one month after Colonial Pipeline suffered a devastating ransomware attack on May 6 at the hands of DarkSide in what was arguably the largest cyberattack against...

Colonial Pipeline, Cybercrime, Department of Justice, Ransomware


Read Full Articlered right arrow icon

Monitoring Matters

Zoom “zooms” up its lax security

July 1, 2020Ginger Hill, Managing Editor

COVID has taken the physical world virtual. As stay-at-home orders abounded, and quite frankly, should still be observed, along with wearing masks, social distancing and washing of hands, colleagues, family, friends, clubs and other groups hit the virtual world to do business, stay connected and attempt to have some sort of calmness amid pure chaos. At the same time, threat actors and cybercriminals were at the ready, armed with a playbook of schemes to run interference.  The platform of choice...

COVID, COVID-19, cyber security, Cybercrime, Cybersecurity, online events, phishing, Ransomware, Zoom


Read Full Articlered right arrow icon

Monitoring Matters

Weak passwords and ransomware infections go hand-in-hand

January 22, 2020Ginger Hill, Managing Editor

Did you know the first ransomware attack happened in 1989 by Joseph L. Popp, a Harvard-trained evolutionary biologist? As history tells us, Popp created the AIDS Trojan, known as the PC Cyborg, and sent 22,000 infected diskettes, labeled “AIDS Information - Introductory Diskettes,” to an international AIDS conference. Unsuspiciously, the diskette did educate the user, but it also infected the user's computer. After approximately 90 reboots, the virus would encrypt files on the hard...

Cybercrime, Cybersecurity, passphrase, Ransomware, secure passwords


Read Full Articlered right arrow icon

On The Editor's Desk

The state of ransomware ...

January 8, 2020Paul Ragusa, Editor

The recent cyberattack on the city of New Orleans is another sobering example of how vulnerable we are as a nation to cyber criminals. Even for cities like New Orleans, which was prepared for such an attack, there is an incredible amount of time and effort and cost that goes into getting a city back up on its feet after such an incident. Following the New Orleans attack, a report on the State of Ransomware in the U.S., created by cybersecurity research firm Emsisoft, was rushed to be released ahead...

Cybersecurity, data breach, Emsisoft, Fabian Wosar, Ransomware


Read Full Articlered right arrow icon

Monitoring Matters

5 important facts you need to know about the Texas-based ransomware attacks

August 21, 2019Ginger Hill, Managing Editor

Whomever is the culprit for all these ransomware attacks on local U.S. government entities sure is getting a ton of notoriety in the media. With 22 reported and known public-sector attacks so far this year, and none tracked by the federal government or FBI, according to CNN, I say, the more information available the better for those needing to protect themselves. The most recent ransomware attack happened in my home state of Texas against 22 small-town governments, and while our “Don't mess...

Cybercrime, Ransomware, Texas


Read Full Articlered right arrow icon

On The Editor's Desk

Need for cybersecurity soaring

August 10, 2016Paul Ragusa, Editor

If you aren't that worriedabout cybersecurity and the threat of a ransomware attack, you should be. According to a new report, “State of Ransomware,” which was sponsored by Malwarebytes and conducted by Osterman Research, nearly 40 percent of businesses have experienced a ransomware attack in the last year. Of these victims, more than a third lost revenue and 20 percent had to stop business completely. And that doesn't even include the companies that aren't reporting being attacked....

Cybersecurity, Ransomware


Read Full Articlered right arrow icon