Tag ransomware

Can Ransom Payments Be Recovered? An In-Depth Examination of Cybercrime and Law Enforcement Strategies

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…

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Health Care Leader Ascension Reports 5.6 Million Patients Impacted by Cyberattack

Cyberattack on Ascension Exposes Data of 5.6 Million Individuals Health care provider Ascension has reported a significant data breach affecting approximately 5.6 million individuals, the result of a cyberattack linked to a recognized ransomware group. This disclosure came via documents submitted to the Maine attorney general in December, revealing the…

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Lazarus Targets Nuclear Power Organization with Malware; Kaspersky Alerts on Telegram Phishing Scams

1.) Escalating Cyber Threats: Lazarus Group Targets Nuclear Power Sector with Advanced Malware The Lazarus Group, an elite hacking organization believed to receive backing from the North Korean government, has ramped up its cyber offensive by zeroing in on nuclear power organizations and critical infrastructure sectors. These targeted attacks employ…

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Rhode Island Health System Ransomware Attack Compromises Data of Hundreds of Thousands

Rhode Island is currently facing the repercussions of a major ransomware attack that has jeopardized the personal information of countless residents enrolled in state health and social services programs. Officials confirmed the breach of the RIBridges system, which serves as the primary platform for essential benefits like Medicaid and SNAP.…

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Ransomware Defender Risk: The Perils of Overreliance on Security Tools

Overconfidence in Cybersecurity Tools: The Risks of Complacency In a recent report by 451 Research, made available through S&P Global Market Intelligence, findings suggest that many organizations remain overly confident in their cybersecurity defenses, particularly against ransomware. Despite a growing awareness of cyber threats, the study reveals a stark disconnect…

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46% of Financial Institutions Experienced a Data Breach in the Last Two Years

In 2024, the financial sector has emerged as a primary target for cybercriminals, with a significant uptick in data breaches putting institutions at risk as they look toward 2025. According to a report by SailPoint, approximately 65% of financial organizations worldwide reported experiencing a ransomware attack within the year, marking…

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