This report covers topics such as Data Breach Notification, Data Security, and Fraud Management & Cybercrime. LockBit and BlackCat/ALPHV Decline Linked with Diminishing Big-Game Hunting Mathew J. Schwartz (euroinfosec) • February 6, 2025 While ransomware remains a lucrative avenue for operators, 2024 has seen a significant downturn in the financial…
In recent developments surrounding ransomware operations, evidence suggests that two prominent groups, AlphV and Lockbit, experienced significant setbacks amid heightened law enforcement scrutiny. AlphV, which reportedly extracted a staggering $22 million ransom from Change Healthcare, executed an “exit scam” shortly thereafter, pocketing the funds and vanishing without compensating the hackers…
Cyber Attacks Strike Healthcare Sector in Multiple States Recent cyber incidents have targeted healthcare organizations across the United States, compromising sensitive data for over 1.2 million patients. Notable victims include a California hospital system, an Alabama cardiology practice, and a community health network in Colorado. These breaches highlight the escalating…
In December 2024, ransomware attacks surged dramatically, underscored by a report from NCC Group, a UK-based information assurance firm. The uptick in cyber incidents coincided with the holiday season, a period when cybercriminals typically target organizations as employees are on leave, leaving systems vulnerable to exploitation. The holiday months see…
NEW DELHI: The notorious ransomware group known as Bashe has claimed responsibility for a breach of ICICI Bank’s database, one of India’s most prominent banking institutions. Reports circulating on the dark web indicate that the hackers have imposed a ransom deadline of January 24, 2025, threatening to release sensitive customer…
The BASHE ransomware group has reportedly compromised the database of ICICI Bank, a prominent player in India’s private banking sector, and has claimed responsibility for the incident. This alarming breach has come to light on the dark web. The hackers have issued a ransom deadline of January 24, 2025, threatening…
The British government is currently contemplating new legislation aimed at addressing the persistent issue of ransomware attacks. This proposed regulation would mandate that organizations report all payments made to ransomware groups and additionally prohibit public sector entities from paying such extortion demands altogether. Targeting critical national infrastructure and public sector…
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…
