SecuritySnares’ Post

There are ways to best prepare for Ransomware attacks and unfortunately, most focus on prevention tools which logically makes sense, but attacks get round them still. Equal, if not, "more" focus needs to be on data recovery methods to ensure essential services can be restored as quickly as possible to minimise impact to your business and customers, in the event of compromise. We have a couple of ways we help our customers be best prepared, so feel free to reach out. https://lnkd.in/epRFyaqB #ransomware #ransomwareattacks #cyberattacks #cyberresilience #lockbit

#LockBit #ransomware’s stolen source code fuels new threat variants: #Security researchers are warning that a new wave of #LockBit #ransomware variants is in the wild following a leak of the source code used by the prolific ransomware gang last year. First emerging in 2020, the LockBit ransomware gang operates on a ransomware-as-a-service model where affiliates use already-developed ransomware to execute attacks. In its time, […] The post LockBit ransomware’s stolen source code fuels new threat variants appeared first on SiliconANGLE.

Interesting read in the times you could wait trust Clop to keep their word and pay a ransom of your Board permits or try to get ahead of this with a ransomware protection solution from DXC Business leaders need help in getting off the ransomware merry-go-round https://lnkd.in/eFX-uMjf

In 2023, ransomware payments reached $1.1 billion with attacks increasing significantly. This surge is attributed not only to the number of attacks but also to their growing complexity. However, there's a positive shift as fewer victims are paying ransoms, thanks to improved law enforcement and anti-laundering actions. Jackie Burns Koven suggests focusing on disrupting the financial processes of ransomware as an effective countermeasure. This approach underlines the importance of tackling the economic foundations of these cyber threats to reduce their prevalence. To read more about this, check out the article here -> https://lnkd.in/erRre8zd #ransomware #cyberthreats

Interesting analysis from the UK's National Cybersecurity Centre: the modes of attack are dependent on what the cyber criminals believe will be most effective in getting payments: "More recently, some groups conduct ‘data theft and extortion only’, without deploying ransomware and encrypting victims’ systems. Accordingly, cyber criminals will now use whichever approach they believe most likely to yield payment; for example, deploying ransomware attacks to disrupt logistics companies that need the data to function, but favouring extortion-only attacks against healthcare services (where patient privacy is paramount). Extortion-only attacks are highly likely becoming a favoured tactic of some cyber criminals." https://lnkd.in/ePydTv8X #cybersecurity #mydatatrust

With LockBit and ALPHV’s combined activity no longer comprising the majority of ransomware engagements, Arete observed a much broader and more evenly distributed threat landscape, with activity from groups including 8Base, BianLian, Black Basta, Cactus, DragonForce, Hunters International, HsHarada, Medusa, Phobos, Rhysida, and Trigona. Download our Q1 2024 Report to learn more: https://hubs.ly/Q02yjzpS0 #Cybersecurity #Ransomware #ThreatIntelligence

Myth #11: You’ll know immediately if your device is infected Fact: Many times, nothing visually happens when a device or network is infected. Often, the attacker’s goal is to go undetected, however, there are directed attacks such as ransomware that will be immediately visible. #CybersecurityAwarenessMonth Get In Touch https://lnkd.in/e7sx_JkP

Ransomware groups traditionally exert pressure on victims through tactics like data leakage threats, denial of service attacks, public shaming, contacting clients or partners, and double extortion schemes. The BlackCat ransomware gang took an unprecedented step by filing a complaint with the U.S. Securities and Exchange Commission (SEC) against a company they attacked, marking a significant shift in cybercriminal tactics. This move blends traditional cyber extortion with legal and regulatory manipulation, diverging from usual methods like data leaks or public shaming. This novel approach could signify a more sophisticated and multi-dimensional strategy for organized threat actors like BlackCat. #ransomware #sec #databreach #cybersecurityawareness #smallbiz https://lnkd.in/g4V2PR9g

Your precious digital files have fallen prey to a malevolent force – #ransomware but, fear not! Arm yourself with #knowledge and resilience to ensure you don't become a victim of #extortion Ransomware, a malicious software that encrypts your files and demands a ransom for their release, is on the rise. However, you can take proactive steps to protect yourself and your data. Here are some #tipsandtricks

Would you want the #BlackCat Ransomware group speaking on your behalf? The new SEC cybersecurity rules require registrants to disclose any cybersecurity incident they determine to be material and requires registrants to do so timely (within four business days). That’s not a lot of time. But the SEC left it a little murky on what is considered material. As you can see from this post, some cybercriminals have decided to notify the SEC on your behalf (so nice of them). https://lnkd.in/d_VTsVy2 Cybercriminals want you to act quickly. Do the SEC rules play into the hands of the cybercriminal? Perhaps, but we all can appreciate the intention of the rule to require timely disclosure. All of which really underscores the need for registrants (and all organizations) to be better prepared to deal with cybersecurity incidents. If you or your organization needs help understanding the new SEC rules, or (knock on wood) help recovering from a cybersecurity incident, reach out to me or anyone at SEVN-X. #cybersecurity #securitycompliance #incidentresponse