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Showing Blog Posts: 1–10 of 23 tagged Ransomware

  • Risk Containment Strategies to Avoid the Next Petya

    by Todd Inskeep on June 30, 2017

    By: Todd Inskeep and Chris Taylor Ransomware has been in the headlines with Petya, like WannaCry before it, spreading rapidly around the globe. If you are not familiar with this week’s news, organizations around the globe suffered another ransomware attack on Tuesday including pharmaceutical companies, Chernobyl radiation detection systems, the Kiev metro, as well as airports and banks. Addressing…

  • The Continued Evolution of Ransomware in APJ

    by Masayoshi Someya on May 29, 2017

    As discussed in my previous article, ransomware was arguably the most notorious cyber threat for businesses in 2016. Ransomware caused severe disruptions to victims in different industries and countries, forcing them to shut down business and, in some cases, pay ransom with the hope of speed recovery. Although malware spam messages that distribute ransomware look rather rudimentary, the actual…

  • Cyber Pearl Harbor, Global Pandemic or Alien Invasion?

    by Todd Inskeep on May 18, 2017

    For over twenty years, experts have warned of a “Cyber Pearl Harbor.” Like the Dec.7, 1941 attack, this cyber-attack would both create tremendous damage and galvanize organizations, particularly in the US, to improve computer and information security. For nearly as long, other experts have spoken against this scenario, positing alternative scenarios and analogies. All-in-all, there’s been a…

  • WannaCry Ransomware: What We Know So Far

    by RSAC Editorial Team on May 16, 2017

    Late in the day on Friday, May 12, a massive ransomware attack hit 200K organizations in 150 countries. The ransomware that has been named “WannaCry,” took advantage of Windows systems that had not yet been updated with Microsoft’s March security patch. Per the ransomware playbook, this attack locked people out of their computers, encrypted files and demanded those impacted pay up to $300 in…

  • Ransomware at The Tipping Point

    by Masayoshi Someya on May 8, 2017

    In the past, we saw malware outbreaks such as LoveBug, SQL Slammer, and DOWNAD, but haven’t seen such an epidemic for almost a decade now. Malware outbreaks were supposed to be a thing of the past. However, 2016 became an unprecedented year in the modern era of cyber security, with the game changer in the name of ransomware. Ransomware is a very different type of cyber threat in the modern era, …

  • Ransomware Gets More Personal Through Mobile

    by Bill Taylor-Mountford on March 24, 2017

    When ransomware took centerstage a few years ago, we failed to anticipate its magnitude and severity. 2016 was the year when ransomware dominated headlines as it exploded to become one of the biggest security wakeup calls for CXOs. That year the FBI estimated that ransomeware could be a $1 billion source of illicit income for cyber criminals, and, a survey by Osterman Research showed that 39…

  • 2017 Security Threats for Healthcare

    by John Humphreys on February 23, 2017

    From the Bon Secours Health System data breach impacting nearly 700,000 individuals to the $17,000 in ransom that Hollywood Presbyterian Medical Center paid hackers, 2016 wasn’t the best year for healthcare security. So what’s in store for 2017? The healthcare industry is always going to be a target for hackers, yet security continues to be a challenge due to the overwhelming volume of security…

  • History is Repeating Itself (In a Good Way)

    by Feris Rifai on January 17, 2017

    History is repeating itself. Before Sarbanes Oxley passed in 2002, having a director that was a financial expert in the American corporate boardroom was not the norm. In fact, CFOs who were originally thought of as financial gatekeepers are more than ever before held accountable for the integrity, accuracy and traceability of the financial information presented to the board. Today, we all know…

  • Ransomware: Defending Against Digital Extortion

    by Ben Rothke on January 11, 2017

    As an early piece of malware, the 1989 Yankee Doodle virus was limited to playing the patriotic song of the same name. Much has changed over the years, and the rise of ransomware is playing out a very, and much less melodious tone. Countless individuals and businesses of all sizes are being locked out of their own data and their systems made unavailable, until a ransom is paid to the ransomware…

  • RSAC 2017 Ransomware Summit

    by Andrew Hay on January 9, 2017

    Nobody likes to think about their company’s critical data being compromised and held for ransom. Unfortunately, this type of threat, dubbed ransomware, cannot be ignored. In the first quarter of 2016 alone, CNN projected that cybercriminals collected more than $200 million through ransomware attacks. This would make ransomware a nearly $1 billion business annually, and it is growing quickly. This…

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