September 11, 2024 at 02:47PM The Meow ransomware group has gained momentum, claiming the second most active gang spot in global ransomware attacks. The group has shifted its focus from encrypting files to selling stolen data, adopting a new tactic in the cybercrime landscape. Meanwhile, RansomHub continues to dominate the rankings with 15 percent of … Read more
August 22, 2024 at 10:39AM The WithSecure’s Ransomware Landscape report for H1 2024 reveals the underlying morphology shaping the visible landscape of ransomware attacks. While leak sites and public reports provide growth insights and sector-specific attack trends, the report also discusses the changing lexicography of ransomware, law enforcement actions’ impact, and the rebranding and migration … Read more
August 7, 2024 at 08:54AM The Rapid7 Ransomware Radar Report 2024 reveals an alarming increase in ransomware attacks and leaks, surpassing 2023 levels. The report points to a rising threat of ransomware, particularly through the double extortion of encryption and data exfiltration. Additionally, it highlights the activities of key ransomware groups and emphasizes the critical … Read more
July 31, 2024 at 10:23AM LockBit’s ransomware operation, led by leader LockbitSupp, suffered a significant blow following Operation Cronos. Despite efforts to rebuild and operate, LockBit’s reputation and impact have dwindled. With the mass exodus of affiliates and diminishing operations, the future of LockBit and its leader remains uncertain amidst changing dynamics in the ransomware … Read more
July 31, 2024 at 06:36AM Zscaler’s ThreatLabz 2024 Ransomware Report reveals a company paid a record $75 million ransom to Dark Angels in early 2024, nearly double the highest known payment. An 18% increase in ransomware attacks was reported from April 2023 to April 2024. The report advises against paying ransom and highlights Dark Angels’ … Read more
July 22, 2024 at 11:36AM Two members of the LockBit gang pleaded guilty in the US for their involvement in deploying ransomware against organizations globally and in the US. The gang resumed operations after a disruption, becoming the most active ransomware gang in May. The US seeks information on the alleged mastermind and has announced … Read more
July 19, 2024 at 09:54AM Two Russian nationals plead guilty in U.S. court for their involvement in the LockBit ransomware scheme, facilitating attacks worldwide. Ruslan Magomedovich Astamirov and Mikhail Vasiliev were accused of deploying the ransomware, demanding and receiving millions in ransom payments. Their sentencing is set for January 8, 2025. This comes after the … Read more
July 19, 2024 at 07:34AM Russian nationals Ruslan Magomedovich Astamirov and Mikhail Vasiliev have admitted to their involvement in numerous LockBit ransomware attacks targeting worldwide victims, including businesses in the US. The operation involved breaching vulnerable systems, stealing data, and deploying ransomware for which they demanded substantial ransoms. The gang has extorted between $500 million … Read more
July 9, 2024 at 10:05AM Evolve Bank & Trust is notifying 7.6 million Americans about a data breach resulting from a LockBit ransomware attack. The breach, caused by an employee clicking a malicious link, led to unauthorized access to the bank’s database. Affected individuals are being offered credit and identity monitoring services, and are advised … Read more
July 9, 2024 at 10:04AM Evolve Bank & Trust confirmed that 7.6 million customers’ data was stolen during the LockBit break-in. The incident affected major partners including Wise and Affirm. Evolve responded promptly and offered 24 months of credit monitoring to impacted individuals. The breach occurred amid regulatory scrutiny from the US Federal Reserve, making … Read more