Platinum High Integrity Technologies’ Post

CosmicBeetle Launches ScRansom Ransomware, Partnering with RansomHub The CosmicBeetle threat actor has introduced a new custom ransomware strain, ScRansom, targeting small and medium-sized businesses across Europe, Asia, Africa, and South America. This strain replaces their earlier Scarab ransomware and is deployed in attacks on industries like healthcare, education, technology, and government. In a strategic move, CosmicBeetle appears to have partnered with the notorious RansomHub, deploying both ransomware payloads on the same systems. The attacks use brute force and known security flaws to infiltrate systems, with the ScRansom strain featuring a destructive "ERASE" mode that renders files unrecoverable. Ransomware news continues to pour in, showing how sophisticated these attacks are becoming. Groups like CosmicBeetle are employing new techniques, including partial encryption for faster attacks and tools like EDRKillShifter to disable endpoint security measures. The rise of ransomware groups using complex strategies, including wipers and EDR-disabling tools, is a growing concern for cybersecurity professionals. Stay alert as the threat landscape continues to evolve. #CyberSecurity #Ransomware #CyberSecurity #Ransomware #CriticalInfrastructure Source: TheHackerNews

I’m excited to share that my latest article on a ransomware group named Dark Vault has just been published on the Threat Intelligence website. 🎉 As someone who is passionate about cybersecurity, I believe it’s essential to highlight why we need to stay informed about these threat actors. Why is this information so important? 🛡️ Evolving Threat Landscape: Ransomware and cybercriminal tactics are constantly changing. By staying informed, we help organisations and individuals adapt and strengthen their defences. 📊 Real-World Impact: Ransomware attacks can cripple businesses, disrupt services, and cause financial and reputational damage. Knowledge about these groups raise awareness and prepare for potential attacks. ⚖️ Mitigating Risks: With insights into threat actor methodologies and IOCs (Indicators of Compromise), organisations can implement proactive measures to mitigate the risks and protect their data. 💡 Empowering Security Teams: Sharing knowledge my team develop more effective strategies, improve threat detection, and respond to incidents quickly. In today’s digital world, understanding these threats is crucial for staying one step ahead of attackers. I’m proud to contribute to the fight against cybercrime by sharing insights that can help organisations protect themselves. Check out the full article: https://lnkd.in/gEii2dcJ And let me know your thoughts! #CyberSecurity #ThreatIntelligence #Ransomware #Cybercrime #InfoSec

The post-pandemic era has seen a 148% surge in ransomware attacks, with demands averaging $170,000. This sharp rise highlights the critical need for enhanced cybersecurity across all business sectors. Ransomware, a threat that encrypts files or locks systems until a ransom is paid, has various forms, including Crypto Ransomware, Locker Ransomware, and more, each capable of significantly damaging businesses. As these attacks become more sophisticated –evident by a 55% rise in incidents in sectors like healthcare – it is clear that old security measures won't cut it anymore. To protect your business, it's important to maintain regular data backups, update software, train employees in phishing detection, implement advanced security protocols, and seek the expertise of cybersecurity professionals. At Dasilva Consulting, we're dedicated to developing robust defense strategies against ransomware and other cyber threats. Enhancing your cybersecurity isn't just important; it's essential to protect your assets and ensure the smooth functioning of the business. To learn how to secure your business against the escalating threat of ransomware, visit our blog: https://lnkd.in/dRu7cy3T #DasilvaConsulting #IT #Cybersecurity #Cyberthreats #technology #DataProtection #DigitalAssets #SafeguardData #business #safety #Cybercrime #MultiCloud #Cybersecurity

🔒 Cyber Security Update! 🔒 Today's update sheds light on the growing threat landscape of ransomware-as-a-service (RaaS) operations. With the increasing adoption of RaaS models, even less technically skilled individuals can carry out devastating cyber attacks. 💡 Key Insights: - RaaS platforms provide cybercriminals with ready-made ransomware kits and infrastructure, lowering the barrier to entry for launching ransomware attacks. - Affiliates or "customers" can rent ransomware tools and pay a percentage of the ransom proceeds to the developers, creating a lucrative ecosystem for cybercriminals. - To protect against the evolving threat of RaaS, organizations must adopt a multi-layered approach to ransomware defense, including robust backup and recovery strategies, endpoint protection, and employee training to recognize and respond to ransomware threats. Stay informed and proactive in defending against the growing threat of ransomware-as-a-service to protect your organization's critical assets and data. #CyberSecurity #Ransomware #RaaS #ThreatLandscape #StayInformed

Ransomware is malicious software that encrypts your files and demands payment in exchange for the decryption key. It's a digital form of extortion where attackers hold your data hostage until you pay up. These attacks have become increasingly sophisticated, with attackers using advanced techniques and tools to bypass traditional security measures. One of the latest trends is integrating artificial intelligence (AI) into ransomware attacks. The best defense against ransomware is prevention. Regular backups are crucial as they allow you to recover your data without ransom. Additionally, advanced threat protection systems can detect and block ransomware before it encrypts your files. In 2017, a global ransomware attack known as WannaCry caused chaos and financial losses for organizations and individuals worldwide. It affected over 300,000 computers in 150 countries, including major businesses and government agencies. The attack was a wake-up call for the world about the severity of ransomware threats. It highlighted the need for more robust cybersecurity measures and regular backups to mitigate the impact of such attacks. Take proactive steps now to prevent and mitigate the impact of such threats. An audit and cybersecurity strategy can help you prepare for and defend against these attacks - let us help you get both started today! https://lnkd.in/ewWBEvYW #ransomware #cybersecurity #dataprotection

Ransomware attacks are on the rise. The availability of tools, AI and automation have never made the entry point to accessing and deploying ransomware any easier. Soon Lian Holdings, a supplier of aluminum alloy products, reported a ransomware attack on July 2, 2024. The attack affected the company’s operations, leading to a shutdown of certain systems to prevent the spread of the ransomware. The company is working with cybersecurity experts to investigate and mitigate the impact of the attack. Key points about the ransomware incident include: 1. Nature of the Attack: Soon Lian Holdings identified the ransomware attack on their IT infrastructure, which compromised their internal systems. 2. Containment Efforts: To contain the ransomware, the company took immediate action by shutting down affected systems and isolating the threat. This step was crucial to prevent further spread and damage. 3. Investigation and Response: Soon Lian Holdings has engaged cybersecurity experts to assist in investigating the breach, restoring systems, and enhancing their security measures to prevent future incidents. 4. Operational Impact: The ransomware attack disrupted normal business operations, but the company is focused on restoring full functionality as soon as possible while maintaining communication with stakeholders about the incident’s status. These actions highlight the importance of prompt response and expert involvement in mitigating the effects of cybersecurity threats such as ransomware. What are you doing to increase your cyber hygiene in the battle against cybercrime. #safesync #cybersecurity #ransomware #singapore https://lnkd.in/gmjY9jeU

Ransomware attacks are hitting U.S. businesses harder than ever before. Just last week, multiple companies, including key players in the financial and healthcare sectors, were targeted by sophisticated ransomware attacks. The estimated losses? Over $7 billion in 2024 alone! These attacks not only cripple operations but also put sensitive customer data at risk. According to cybersecurity experts, the average downtime following a ransomware attack is around 21 days, with recovery costs skyrocketing. At Dygital9, we specialize in implementing advanced cybersecurity protocols that not only prevent these attacks but also ensure rapid recovery with minimal downtime if an incident occurs. Our proactive approach includes regular system audits, employee training, and cutting-edge encryption technologies to safeguard your business from this growing threat. 🔍 Protect your business from the next wave of cyber threats with Dygital9. #CyberSecurity #Ransomware #DataProtection #Dygital9

FYI, the recent emergence of GhostLocker 2.0, a ransomware variant haunting businesses across the Middle East, Africa, and Asia, has sent shockwaves through the cybersecurity community. Cybercrime groups GhostSec and Stormous have collaborated to execute double-extortion attacks, posing a significant threat to organizations in these regions. This partnership has resulted in a surge of sophisticated ransomware attacks, leveraging tactics that combine encryption-based payload delivery with data exfiltration for more substantial financial gain. The collaboration between GhostSec and Stormous underscores the evolving landscape of cyber threats, emphasizing the importance of proactive cybersecurity measures. Organizations are urged to enhance their cybersecurity defenses, including robust endpoint protection, regular backups, user education, and incident response plans. Additionally, staying informed about emerging threats and sharing threat intelligence within the industry is crucial to mitigating the risk posed by GhostLocker 2.0 and similar ransomware campaigns. Stay vigilant, update your security protocols, and prioritize cybersecurity awareness to defend against the escalating threat of GhostLocker 2.0 and other advanced cybercrime operations. #DataBreach #Incidentresponse #Phishing

🔐 MFA Bypass: A Growing Security Concern as Ransomware Tactics Evolve 🔐 As ransomware tactics continue to advance, we’re seeing a rise in one of the most concerning trends: MFA bypass. Multi-Factor Authentication (MFA) has long been a critical security layer, but threat actors are evolving to find new ways around it. By exploiting weaknesses in implementation or leveraging social engineering techniques, cybercriminals are compromising systems that were once considered secure. 🚨 Why this matters: • With MFA bypass, even advanced security measures are no longer a silver bullet. • Attackers are using real-time phishing and man-in-the-middle attacks to intercept codes and session tokens. • Companies must stay ahead by adopting stronger security protocols, like adaptive MFA, biometrics, and continuous monitoring. It’s time to re-evaluate our security strategies and ensure we are truly building resilient defenses against these sophisticated attacks. Let’s stay proactive in securing our systems and data. #CyberSecurity #Ransomware #MFA #Infosec #DataProtection #ITSecurity #DigitalResilience

Millions of devices are exposed to data theft and ransomware attacks due to two critical vulnerabilities (CVE-2024-1708 & CVE-2024-1709) in ConnectWise ScreenConnect software. Hackers exploit these flaws to bypass authentication, plant malware remotely, and establish persistent access. Once they’ve gained a foothold, they can move through your IT systems, escalate privileges, and deploy ransomware and other malicious payloads. Large enterprises defend themselves against these attacks by leveraging advanced solutions that continuously monitor both on-premise and cloud environments, gathering and analyzing data in real-time with integrated threat intelligence for a powerful defense. Although effective, these advanced solutions often are not available to mid-market enterprises because of high costs. We have created CloudJacketXi, a unified cybersecurity solution with the same advanced security features used by Fortune 500 companies, but affordable for everyone. CloudJacketXi shields businesses of all sizes from the aftermath of attacks highlighted in this Security Alert. Act now to safeguard your organization. Go to https://buff.ly/46T1mT5. #cybersecurity #datatheft #ransomware #cloudsecurity #affordableprotection