Hotel and casino giant Caesars Entertainment paid approximately half of an initial $30 million ransom demand to attackers who infected its systems with ransomware, according to news reports. The attackers appear to be with the same group that hit MGM Resorts.
To some extent, ransomware has become like COVID-19 - a threat we all need to learn to live alongside. But Aaron Bugal, field CTO of Sophos, says there is still much that security and technology leaders can do to reduce their risk by addressing activity that often precedes a ransomware attack.
Booking and reservation systems, as well as slot machines, hotel room door locks, ATMs and more remain offline at multiple MGM Resorts properties as the publicly traded casino hotel giant battles "a cybersecurity issue" that one group of security researchers has tied to a ransomware group attack.
According to the latest Sophos State of Ransomware report, there is a ransomware pandemic infecting businesses across the Asia Pacific region.
Ransomware is like COVID-19 – a threat that all businesses need to learn to live with.
In this e-book, Sophos’ Field CTO for Asia Pacific Aaron Bugal discusses with...
According this report, the rate of ransomware attacks has remained steady. Sixty-six per cent of research respondents said their organization was hit by ransomware in the previous year. With adversaries now able to consistently execute attacks at scale, ransomware is arguably the biggest cyber risk facing...
Has the cry of the Qakbot come to an end? While the pernicious, multifunction malware fell quiet last week thanks to Operation "Duck Hunt," lucrative cybercrime operations have a history of rebooting themselves. Rivals also offer ready alternatives to ransomware groups and other criminal users.
A new healthcare-focused research agency is seeking proposals for innovative cybersecurity technologies that can apply a national security approach to protecting this highly targeted civilian industry. Today's off-the-shelf software is falling short, the agency said.
A likely Russian toolkit dubbed Telekopye by security researchers lets thieves focus on honing their social engineering skills without having to worry about the technical side of online scamming. Users dub victims "Mammoths," leading security firm Eset to christen Telekopye customers "Neanderthals."
Conventional wisdom recommends to never negotiate with ransomware actors. They can't be trusted. But Mark Lance at GuidePoint Security recently made the case that organizations can gather important information through negotiations, slow down the process and even lower the ransom demand.
Researchers say a proxy service is routing internet traffic through unsuspecting users' systems that it turns into residential exit nodes, luring them into downloading the proxy application through offers of cracked software and games. Antivirus engines don't detect the application.
The LockBit ransomware-as-a-service group may have become a victim of its own success, having grown "too fast and too quick," to the point where its infrastructure and ability to handle affiliates' requests is lagging, leading many to desert the operation, says ransomware researcher Jon DiMaggio.
An international law enforcement operation took down a phishing-as-a-service website that security researchers say was responsible for more than 150,000 phishing domains. The site, 16shop, sold phishing kits that targeted more than 70,000 people in 43 countries.
A little-known cloud infrastructure provider called Cloudzy has been facilitating nation-state hackers, commercial spyware operations and ransomware affiliates' attacks by failing to keep a close eye on what its customers are doing, researchers at cybersecurity firm Halcyon warn.
Cybercriminals continue to rely on proven attack methods while developing new ways to infiltrate digital environments and break through your human defense layer.
But how can you reduce your organization’s attack surface? We looked at 12.5 million users across 35,681 organizations to find out.
In this webinar...
Spanish law enforcement officers scored several recent wins against cybercriminals this month. Police nabbed a Ukrainian hacker on the run for 10 years, arrested a fraudster known to have run a smishing campaign that amassed 1.2 million euros, and broke up a phishing nexus - all in two weeks.
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