July 30, 2024 at 04:26PM A Fortune 50 company made a record-breaking $75 million ransom payment to the Dark Angels ransomware gang in early 2024. Dark Angels is known for targeting high-value companies and using stolen data as leverage for ransom demands. They employ a “Big Game Hunting” strategy, focusing on large, lucrative targets for … Read more
February 7, 2024 at 09:37AM In 2023, ransomware payments surpassed $1.1 billion, a record high, contrary to the previous decline in 2022. This increase was attributed to major attacks on institutions and infrastructure. Certain threat groups, like Clop, adopted a “big game hunting” strategy, targeting large organizations for substantial payments. Money laundering was done through … Read more
October 26, 2023 at 12:21PM A recent report on crypto crime found that ransomware attacks are increasing in prevalence, targeting major industries such as casinos, manufacturing, retail, and technology. Organizations must take specific steps to address these attacks, including understanding the threat, identifying internal signs of attack, and strengthening infrastructure. Utilizing threat intelligence and effective … Read more