Ransomware Landscape Sees Shift as Attacks Decline in Early 2024 The ransomware sector experienced a significant transformation in early 2024, following a notable increase in incidents throughout 2023. The year closed with an alarming 5,070 victims globally, reflecting a staggering 55.5% rise in ransomware attacks. However, as the new year…
Black Basta Ransomware Targets Critical Infrastructure Globally The Black Basta ransomware-as-a-service (RaaS) group has made a significant impact since its inception in April 2022, successfully compromising over 500 private and critical infrastructure entities across North America, Europe, and Australia. Recent joint advisories released by leading cybersecurity authorities, including the Cybersecurity…
Change Healthcare has confirmed that it has informed approximately 100 million Americans of a potential data breach related to a ransomware attack that occurred in February 2024. This incident represents the largest recorded breach of protected health information in the country. It has affected wide segments of the U.S. healthcare…
After concluding an investigation into the data breach that occurred in February involving Change Healthcare, the US Department of Health and Human Services reported yesterday that approximately 100 million individuals were affected. This incident ranks as one of the most significant breaches of medical and health data in the United…
Change Healthcare Allegedly Pays $22 Million Ransom to BlackCat Ransomware Group Amid Ongoing Cyberattack In a troubling development in the ongoing saga of cybercrime, U.S. healthcare firm Change Healthcare reportedly made a $22 million extortion payment to the notorious BlackCat ransomware group, also known as ALPHV. This action follows severe…
The RansomHub ransomware group has emerged as a significant cyber threat, with reports indicating it has successfully compromised and encrypted data from over 210 victims since its formation in February 2024, according to U.S. government sources. The attackers are linked to an operation that has selected targets across a wide…
New Ransomware Variant Cicada3301 Targets SMBs with Sophisticated Techniques Cybersecurity researchers have recently unveiled a new strain of ransomware identified as Cicada3301, which bears resemblance to the now-defunct BlackCat operation (also known as ALPHV). This emerging ransomware poses a significant threat, particularly to small and medium-sized businesses (SMBs), according to…
Recent ransomware attacks have escalated, impacting organizations across the globe and leaving no sector untouched. A report from Trustwave SpiderLabs reveals a substantial uptick in attacks, particularly in the United States, where the financial sector, including banks and credit unions, has experienced an alarming concentration of incidents. This year alone…
