Ransomware took in $1 billion in 2016–improved defenses may not be enough to stem the tide

Increased user awareness of phishing threats, better antivirus technology, more industry-wide information sharing and cross-border efforts by law enforcement authorities will combine to turn the tide against ransomware this year, according to some security experts, but others expect the attacks to continue to increase. According to a security expert who requested anonymity, ransomware cyber-criminals took…

What to do if your data is taken hostage

Getting duped online by a cybercriminal is infuriating. You let your guard down for a minute and the thieves find their way in to your machine. And then the “fun” begins if ransomware is involved. Hopefully you have your data backed up, but if not now starts the dance with those who have ultimately taken…

The year ransomware became one of the top threats to enterprises

On Feb. 5, employees at Hollywood Presbyterian Medical Center in Los Angeles, California, started having network access problems that prevented electronic communications. Over the next few days, they learned that the hospital was the victim of a ransomware attack that encrypted files on multiple computers. After several days during which staff had to resort to pen…

Highly lucrative Ransomware as a Service attacks poised to accelerate in 2017

Ransomware can be likened to global warming. It’s been around for years, but it’s now becoming an epidemic which needs serious attention. According to a recent survey conducted by Osterman Research, nearly 50% of U.S. companies experienced a “ransomware incident” over the last year. Without taking into account the number of unreported ransomware incidents, the…

Fighting Advanced Ransomware Attacks Requires Game-Changing Technology

Ransomware is one of the fastest-growing cyber-security threats facing organizations and individuals today. Attackers are holding everything from government records to health care equipment and even the keys to entire transit systems for ransom. According to new data from IBM, victims are paying up. More than half of the business executives that responded to the…

Goldeneye Ransomware – the Petya/Mischa combo rebranded

From March 2016 we’ve observed the evolution of an interesting low-level ransomware, Petya – you can read about it here. The second version (green) Petya comes combined with another ransomware, packed in the same dropper – Mischa. The latter one was deployed as an alternative payload: in case if the dropper was run without administrator…

Office 365 Flaw Made Fake Microsoft Emails Look Legitimate

A flaw in Office 365 could have been exploited by attackers to send out malicious emails and make them look as if they were coming from a legitimate microsoft.com address. The issue was discovered by Utku Sen, a Turkey-based security enthusiast known for releasing an open source ransomware called Hidden Tear for educational purposes.

Ransomware success creates apathy towards traditional antivirus software

In the last 12 months, 48 percent of organizations across the globe have fallen victim to a ransomware campaign, with 80 percent indicating that they’ve suffered from three or more attacks, according to a global survey conducted by Vanson Bourne. In response to ransomware attacks, 67 percent of businesses globally have increased IT security spending,…