August 19, 2024 at 04:20PM In the first half of 2024, ransomware victims paid $459.8 million, setting the stage for a new record if payments continue. This is 2% higher than 2023, despite law enforcement operations disrupting ransomware-as-a-service. Large organizations are targeted for larger payments and data theft. Ransomware payment inflows have increased, but total … Read more
July 16, 2024 at 08:01AM AutoNation reported a negative impact on quarterly earnings due to a ransomware attack that disrupted CDK Global’s systems. The incident affected core functions, with an estimated impact of $1.50 per share. While most systems have been restored, certain integrations remain unavailable. However, AutoNation expects no material impact on its overall … Read more
February 9, 2024 at 04:09PM Ransomware payments soared in 2023, doubling compared to the previous year, exceeding $1 billion. Chainalysis found a total of $1.1 billion in cryptocurrency wallets used by cybercriminals to receive payments, a significant increase from $557 million in 2022. The report also highlighted an increase in ransomware attacks and the laundering … 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