After the attack comes the bill: Ransomware and data-exfiltration attacks continue to stick victims with serious cleanup, legal and other costs. Cloud computing giant Rackspace has so far spent $10.8 million responding to an attack against its hosted Exchange environment by the Play ransomware group that began late last November, the company said in an…

Financial services firms affected by the mass attack on MOVEit file-sharing software are among the latest to face lawsuits from affected individuals. One such lawsuit, filed against Prudential, wants the firm to pay for 10 years of identity theft monitoring service since stolen Social Security numbers cannot be replaced. So far 998 organizations are known…

The Clop group’s mass exploitation of MOVEit file-transfer software represents the latest stage of innovation in the ever-evolving ransomware ecosystem. As with all cybercrime, criminals’ imperative is simple: maximize illicit profits via the least amount of effort, time and risk. Russian-speaking criminal group Clop’s attacks have affected at least 421 organizations – and likely many…

The latest high-profile cybercrime exploits attributed to the Clop ransomware crew aren’t your traditional sort of ransomware attacks (if “traditional” is the right word for an extortion mechanism that goes back only to 1989). Conventional ransomware attacks are where your files get scrambled, your business gets totally derailed, and a message appears telling you that…

The company behind the MOVEit managed file transfer application is urging customers into a new round of emergency patching after identifying additional vulnerabilities. Progress Software in a Friday update said it had identified additional SQL injection vulnerabilities allowing attackers access to the MOVEit transfer database. “These newly discovered vulnerabilities are distinct from the previously reported…