Tag: Ransomware
Security experts offer 2025 predictions
December 4, 2024Ken Showers, Managing Editor
YARMOUTH, Maine — 2025 is approaching and that means it’s time again to rev up the prediction engines and speculate about the changes and innovation developing in the coming year.
Security Systems News (SSN) reached out to and heard from several industry experts to get a lay of the land about what to expect in 2025.
Class is in session on school security
ZeroEyes Co-founder and CEO Mike Lahiff is predicting there will be even more school districts and other...
Rise of ransomware-as-a-service leading to blackmail-fueled industry
November 27, 2024Ken Showers, Managing Editor
SCOTTSDALE, Ariz. — If you had trouble getting your morning coffee recently, you may have ransomware to blame for the disruption in service.
Arizona-based supply chain management company Blue Yonder found itself under attack by ransomware that managed to disrupt its managed services hosted environment for the company. Blue Yonder has a global clientele of over 3,000 members and includes names like Coca-Cola and Starbucks, which uses the software to manage worker schedules.
In...
Bread and circus
November 13, 2024Ken Showers, Managing Editor
Not to distract the masses from any other topics that may be occupying their thoughts, but in the blog this week I really am going to talk about bread.
There’s a new ransomware group making the rounds lately and if you’re wondering what they’ve done to be singled out among a sea of cyber ne’er-do-wells then I’d have to say, it’s probably their preferred form of payment. A group calling itself Hellcat has claimed to have compromised Schneider Electric, a French...
October not so surprising
October 16, 2024Ken Showers, Managing Editor
Anyone who would dare saunter up to me to complain about Christmas decorations going in the stores too early this year has never worked at a news desk in an election year.
That’s right, every four years Santa delivers coal to a reporter’s inbox for 12-14 months straight. I cannot explain to anyone reading this the joy I feel knowing that I won’t be up all-night waiting for confirmation on results in local races, or God forbid, sitting at a campaign headquarters, or any of the...
Black Basta ransomware costs Keytronic more than $17M
August 21, 2024Ken Showers, Managing Editor
SPOKANE, Wash. — A cybersecurity data breach of Keytronic, a manufacturing and engineering company, that occurred earlier this year has resulted in significant losses, the company’s recent financial results have shown.
The company reported that they had suffered a data breach from the Black Basta ransomware gang, which leaked 530 GB of stolen data following the attack, in a U.S. Securities and Exchange Commission report filed back in May. The results of that attack were reflected...
Cohesity issues 2024 Global Cyber Resilience Report
August 15, 2024SSN Staff
SAN JOSE, Calif. — Cyber resilience research commissioned by Cohesity has revealed that organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments.
The Cohesity Global Cyber Resilience Report 2024 was polled from over 3100 IT and Security decision-makers in eight countries and Cohesity said that data confirms the threat of cyberattacks - especially ransomware - continues to rise, with the majority...
Quorum Cyber turns tables on cybercriminals by exposing new RAT
August 14, 2024Ken Showers, Managing Editor
EDINBURGH, Scotland – Global cybersecurity firm Quorum Cyber announced that it has identified a novel new malware named SharpRhino.
During a ransomware investigation, the company’s Threat Intelligence team discovered previously unknown malware was being utilized by the threat actor Hunters International as an initial infection vector and subsequent Remote Access Trojan (RAT), representing an evolution in the tactics, techniques and procedures (TTP) of the prominent malware...
Dude, where’s my car?
June 26, 2024Ken Showers, Managing Editor
If you’re among the many thousands of Americans who bought a car in the past week, odds are you didn’t have the easiest time.
Somewhere around June 18th CDK Global, a corporation that provides data and technology for a number of automotive and automotive adjacent industries was hit by a ransomware attack that affected nearly 15,000 car dealerships in North America. So, what exactly did the cybersecurity event effect? For one thing dealerships were unable to access the critical...
Thrillogy
March 6, 2024Ken Showers, Managing Editor
The return of dreaded continuity. I swear that three is our lucky number and this will be the last time I discuss ransomware in this space, at least for a little while.
BlackCat/ALPHV is apparently falling apart this week if you’ve been following that story closely. The official word is that they stole the $22 million payment from UnitedHealthcare and collectively ghosted the world. Which, you know, that money is kind of already stolen? I mean, that’s what blackmail basically is, guys....
United they fall
February 28, 2024Ken Showers, Managing Editor
Oh man, I really don’t like doing the same topic two weeks in a row, but we have to talk about ransomware again.
It should be about the ADT webcast, but we’ll save that one for next week, as a treat. Instead, today we’re going to take our medicine and I get to say I told you so while discussing the ransomware attack on UnitedHealthcare by BlackCat. You’ll remember BlackCat (ALPHV) because we’ve covered it before, but also because in this very blog spot last week I...