All ransomware articles – Page 2
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News BriefMGM discloses $100M hit from cyberattack
MGM Resorts International said it expects to take a $100 million hit as part of the fallout of a cyberattack that has most significantly impacted its Las Vegas operations.
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PremiumPaying ransom to avoid GDPR fine an unwise gambit
Companies that think paying reduced ransomware demands would be a better move than informing regulators of a data breach and facing enforcement are playing with fire, according to experts.
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PremiumIBM report: Data breach costs at all-time high; AI helping detection
The global average cost of a data breach reached a new all-time high of $4.45 million in 2023, according to IBM’s annual report.
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News BriefHHS teases policy changes stemming from cyber resiliency analysis
Some U.S. hospitals are falling short in protecting themselves from cyberattacks, with 29 percent of facilities recently surveyed lacking a documented GRC system, a new report from the Department of Health and Human Services found.
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News BriefCISA pilot program seeks to bolster ransomware preparedness
The Cybersecurity and Infrastructure Security Agency announced a pilot program designed to help critical infrastructure entities vulnerable to cyberattacks mitigate a ransomware incident before it occurs.
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News BriefSEC orders Blackbaud to pay $3M for misleading ransomware disclosures
Software company Blackbaud agreed to pay $3 million to the Securities and Exchange Commission to settle claims it violated securities law by failing to disclose the true scope of a ransomware attack that affected 13,000 users.
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OpinionLessons in cybersecurity: Control the breach narrative
Recent botched data breach responses at Activision Blizzard and GoDaddy prompt timely consideration of communication best practices shared by cybersecurity experts at CW’s virtual Cyber Risk & Data Privacy Summit.
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ArticleFinCEN: U.S. banks paid $1.2B to ransomware criminals last year
Banks reported paying a record $1.2 billion to ransomware criminals in 2021, the Financial Crimes Enforcement Network announced.
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ArticleCyber risk management lessons from Optus data breach
The Optus data breach should serve as a reminder for all organizations that cybersecurity incidents are serious business risks that are costly to make right.
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ArticleEx-Uber security chief found guilty of obstructing FTC data breach probe
Joseph Sullivan, the former chief security officer of Uber Technologies, was found guilty of two felonies connected to allegations he covered up a massive data breach at the ridesharing company and misled federal regulators about Uber’s response.
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ArticleNetWalker hacker imprisoned 20 years for ransomware attacks
Sebastien Vachon-Desjardins, a former Canadian government employee who played part in widespread NetWalker ransomware attacks, was sentenced to 20 years in prison and ordered to forfeit the $21.5 million U.S. investigators said he received from his victims.
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ArticleU.S., Israel finalize deal on cybersecurity cooperation
The United States and Israel have finalized an agreement to work together to protect the financial sector from cybersecurity attacks, the U.S. Treasury Department announced.
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TrainingRansomware Attack: A scenario-based immersive learning
Take this self-directed, interactive immersive study of a fictional cyber event based on real-life scenarios to deepen your understanding of the importance of crisis management planning and put you in the shoes of a compliance leader during a ransomware attack.
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ArticleAA study: Cybersecurity breach disclosures surge in 2021
The number of cybersecurity breaches disclosed by public companies in 2021 increased 44 percent while reports of ransomware attacks also surged, according to the latest Audit Analytics study.
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ArticleColonial Pipeline names first chief information security officer
More than nine months after being targeted by a ransomware attack, Colonial Pipeline has named Adam Tice as its first chief information security officer.
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Article
DOJ names head of crypto enforcement team
The Department of Justice named veteran prosecutor Eun Young Choi to serve as the first director of its newly created National Cryptocurrency Enforcement Team.
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PremiumChapter 4: Recovery and lessons learned post-ransomware attack
Whether fictional private utility company Vulnerable Electric pays the ransom or not in the aftermath of its cyber incident, the two pathways quickly splinter off in different directions with varied endings, each with important lessons to be learned.
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PremiumEpilogue: What happened to Betsy?
The “patient zero” of fictional private utility company Vulnerable Electric’s ransomware crisis learns her fate.
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PremiumChapter 3: Ransomware eradication prompts tough choice: To pay or not to pay?
No matter what, the deck is stacked against fictional private utility company Vulnerable Electric as it weighs whether to pay the $5 million ransom demanded by a cybercriminal who breached its systems. Which path do you take?
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PremiumChapter 2, Part 1: Containment key to ransomware defense
With Day 2 of fictional private utility company Vulnerable Electric’s ransomware crisis comes the need to grasp the extent of its situation. The cyber incident response team’s synchronized efforts are pivotal as time is of the essence.
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