Tag ransomware

Ransomware Profits Take a 35% Dive Last Year, Yet Remain Profitable

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…

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Ransomware Payments Decrease in 2024 Despite High-Profile Cyber Attacks

In a significant development in the landscape of ransomware incidents, the second half of 2024 marked the largest decline in ransomware payments recorded by Chainalysis. This decline comes after a period of notable fluctuations in both the frequency of ransomware attacks and the volumes of ransom payments demanded. Notably, 2022…

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Ransomware Payments Plummeted Last Year Despite Major Cyber Attacks

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…

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Introducing the Hired Experts Who Ensure School Cyberattacks Remain Under the Radar

Schools across the United States have increasingly become targets of cyberattacks, with over 300 such incidents documented over the past five years. This wave of digital assaults gained momentum following the disruption of education caused by the pandemic. An investigation by The 74 has revealed that many school districts are…

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Recent Cyber Incidents: Attacks, Vulnerabilities, and Data Breaches

Security Breach Exposes Sensitive Data at UnitedHealth Group and Highlights AI Vulnerabilities In what is now considered the largest medical data breach in U.S. history, UnitedHealth Group disclosed a ransomware attack on its subsidiary, Change Healthcare. The incident, which occurred in February 2024, compromised the personal and health information of…

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Tata Technologies Halts All IT Services Due to Ransomware Attack

Tata Technologies, a prominent multinational company specializing in technology engineering based in India, recently issued a press release announcing the suspension of all its IT services. This precautionary measure was taken in response to a cyber-attack that posed risks to the organization’s digital infrastructure. Fortunately, the suspension was short-lived; services…

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MGM Resorts Agrees to $45 Million Settlement in Data Breach Lawsuits

MGM Resorts Settles $45 Million Lawsuit Following Data Breach Incidents MGM Resorts has reached a $45 million settlement to resolve multiple class action lawsuits stemming from two significant data breaches that compromised the personal information of millions of its customers. This development, reported by TechCrunch, underscores the critical vulnerabilities faced…

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