Ransomware

GandCrab “Ransomware-as-a-Service” shutting down after a year of operation. This black market service was able to produce $2 billion worth of ransom payments for their customers who purchased the service, infecting the target victims with a customer-customized GandCrab. The Ransomware-as-a-Service is a new profit-model, where the original ransomware author does not infect victims directly but

The City of Lake City has confirmed that ransomware ‘Triple Threat’ attacked the functionality of some of its computer systems. According to its Facebook statement, the Florida municipality was attacked on 10 June 2019 by the Ransomware ‘Triple Threat’. It is believed that this malware combines three different attack vectors to attack the virus urban

Two years ago in 2017, the world was caught off guard by a very destructive ransomware named WannaCry. With its infection success rate, estimates revealed that ransom payment for WannaCry went up to $4 billion that year. The NSA’s former top secret weaponized bug in SMB (Server Message Block) version 1 went to the wrong

Norsk Hydro, a metal, and renewable energy conglomerate company in Oslo Norway is trying to recover from the cost of the LockerGoga ransomware attack it absorbed last March 2019. As the company computes for its loses, LockerGoga continues to ask for ransom payment for the decryption key needed to restore the locked files to its

Ransomware attacks can cripple a company’s operation, as we have seen in many ransomware articles we have written here since 2017’s WannaCry. However, when a hosting provider becomes a victim of it, all its customers are affected, especially in a case where the file encryption was so severe to a point the only way to

In this article, we give you a brief review of what is ransomware, the headache of all system administrators and people who work in IT support for years. Ransomware is a favorite cash cow of cyber criminals (aside from phishing), as reflected by how WannaCry, world-infamous ransomware which earned $4 billion for its authors. As

Beijing is the favorite whipping boy of the Western powers when it comes to being accused of abusing its citizens, causing harm for the rest of the world through its espionage campaigns and maintaining its own army of blackhat elite hackers. However, the reality is China is as vulnerable a country to typical cyber attacks

When the WannaCry ransomware struck around mid-2017, one of the organizations most impacted was the NHS (National Health Service) in the UK. Service was affected adversely in hundreds of NHS facilities; thousands of appointments had to be canceled, operations had to be postponed and patients had to be urgently relocated from many emergency centers were

Fileless ransomware, as per a recent report, is an emerging threat for businesses in the U.S. A new report by Malwarebytes, which is titled “Under the Radar: The Future of Undetected Malware”, points out that a new class of malware has now risen to prominence- under-the-radar malware. The report states, “This difficult-to-remediate group of threats

Any company that became a victim of ransomware has many expenses to expect. First in the list is the cost of the ransom payment demanded by the ransomware author. Companies with no reliable backup system in place that can recreate the lost data have no other choice but to hire professionals to rebuild the lost