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…
Recent years have witnessed a surge in coverage regarding victims of ransomware attacks, especially those forced to make payments for decryption keys. However, there is a notable development: in 2024, ransomware payments saw a significant decline of 35%, as more victims opted against paying to recover access to their encrypted…
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…
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…
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…
Massive Data Breach at Community Health Center Affects Over One Million Patients A significant data breach has been reported by the Community Health Center, a healthcare provider based in Connecticut, impacting the personal information of more than one million patients. According to a filing made with the Office of the…
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…
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…
Smith Engineering Group Targeted by Ransomware Attack Smith Group Plc, a prominent British engineering firm, has confirmed that it recently faced a ransomware attack. The incident was detected promptly by the company’s IT department, successfully containing the breach to avert additional damage. Nevertheless, the organization is currently engaged in an…
