Hot Market for Cyber Insurance Begins to Stabilize
The market for cyber insurance has begun to stabilize after a surge in ransomware attacks in recent years propelled a steep rise in premiums, observers say.Cyber insurance can pay ransoms to…
Browsing Tag
Extortion/Blackmail
Reported Ransomware Incidents, Costs Soared in 2021, Treasury Says
U.S. banks flagged ransomware-related transactions adding up to more than $1 billion in 2021, the Treasury Department said, although risk experts said that barely…
CommonSpirit Hospital Chain Grappling With Ransomware Attack
One of the largest hospital operators in the U.S. is wrestling with downed systems and disruptions to patient care at hospitals in several states following a ransomware attack last…
U.S. Extradited Russian Accused of Money-Laundering Tied to Ryuk Ransomware Gang
A Russian national who was extradited from the Netherlands to Portland, Ore., this week pleaded not guilty to charges of allegedly laundering cryptocurrency proceeds…
Cyber Defense Confidence Ebbs as Ransomware Attacks Multiply
Despite Washington’s recent attempts to expand cybersecurity rules and disrupt hacking gangs, ransomware continues to proliferate and executives report unease about their companies’ ability…
Russia Sanctions Complicate Paying Ransomware Hackers
The nearly nonstop series of new U.S. sanctions being levied in a bid to halt Russia’s war machine have complicated events for companies facing their own external threat: ransomware…
Senate Passes Cyber Package That Would Require Firms to Report Hacks
The Senate Tuesday passed a cybersecurity package that would require companies to report damaging hacks and ransomware payments to the government, bringing closer to reality rules…
Ransomware Attackers Begin to Eye Midmarket Acquisition Targets
About two months after it was bought in the fourth quarter of 2021 by a private-equity firm, a midsize manufacturer had to pay a ransomware group that had locked up its hardware systems.It…
Russia Arrests Hackers Tied to Major U.S. Ransomware Attacks, Including Colonial…
WASHINGTON—The Russian government on Friday said it had arrested members of the prolific criminal ransomware group known as REvil that has been blamed for major attacks against U.S. business…
Cyberattack on Payroll Provider Sets Off Scramble Ahead of Holidays
A cyberattack on a popular payroll software provider sent work-tracking systems offline this week, forcing companies to resort to manual methods to pay workers.…