Ransomware incidences have recently surged, drawing attention to an emerging player in the cybercrime landscape. A group identifying itself as FunkSec has captured headlines by asserting responsibility for over 80 cyberattacks throughout December 2024, a claim underscored by a report from Check Point Software Technologies. FunkSec differentiates itself from other…
The United Kingdom is set to implement a transformative measure in its strategy against ransomware attacks, instituting a formal prohibition on ransom payments. This regulation will primarily affect public and critical infrastructure sectors, including essential entities such as educational institutions, transportation systems, hospitals (notably the NHS), and financial organizations including…
Recent trends in ransomware attacks reveal a concerning evolution in tactics, as highlighted by the latest Threat Report from ESET. This report identifies a significant shift towards state-sponsored cybercriminal activities, with orchestration increasingly coming from government-affiliated groups focused on disruption and financial gain. These actors leverage ransomware not only to…
India Becomes Second Most Targeted Nation for Cyber Attacks in 2024 In a stark revelation, India has been identified as the second most targeted country for cyber attacks globally, with a reported 95 entities suffering from data breaches in 2024. This alarming statistic is outlined in the ThreatLandscape Report 2024…
In 2024, significant events in the realm of cybersecurity have underscored the growing threats businesses face in the digital age. A series of notable cyberattacks, data breaches, the emergence of new threat groups, and the exploitation of zero-day vulnerabilities have attracted attention from cybersecurity professionals and business owners alike. One…
The challenge surrounding the recovery of ransom payments made to cybercriminals has become increasingly complex, particularly following the recent arrest of Rostislav Panev. Apprehended by Interpol in Israel, Panev is connected to the notorious LockBit ransomware group that has exploited numerous targets globally. Notably, the U.S. Department of Justice alleges…
Fraud Management & Cybercrime, Ransomware U.S. Seeks Extradition of Rostislav Panev, Dual Russian and Israeli Citizen, from Israel David Perera (@daveperera) • December 20, 2024 The U.S. government has announced an indictment against Rostislav Panev, alleging his involvement in the infamous LockBit ransomware operation, which reportedly compensated the Israeli national…
Cybersecurity Landscape of 2024: A Year of Significant Breaches and Evolving Threats The cybersecurity domain has faced unprecedented challenges in 2024, marked by an array of significant data breaches and attacks that have reshaped the threat landscape. From record-breaking ransomware payouts to complex nation-state aggressions, the repercussions of these incidents…
Cybercrime, Fraud Management & Cybercrime, Ransomware Credit Rating Agency Predicts Rise in Big Game Hunting by Ransomware Gangs in 2025 David Perera (@daveperera) • December 9, 2024 Image: Shutterstock Moody’s Ratings has issued a warning that enhanced cybersecurity measures have led ransomware attackers to shift their focus toward larger organizations,…
