ransomware

Ransomware is a type of malicious software that encrypts a victim's data and demands payment for its decryption. It is a criminal business model where attackers extort money from individuals and organizations by holding their critical systems and information hostage.

Why it’s in the news: It is in the news due to a surge in high-profile attacks against critical infrastructure and major corporations, as well as the emergence of new and disruptive tactics used by ransomware groups.

Latest on ransomware

• US Bank investigates LockBit's claims as ransomware crims set pay-or-leak deadline
• Ransomware crook poses as recovery firm to steal payments from fellow extortionists
• Cl0p Ransomware Group Names Over 40 Victims of PTC Windchill Campaign
• Over 500 Critical Infrastructure Organizations Hit by Medusa Ransomware
• 'Ransom Busters': Ransomware Actor Poses as Incident-Recovery Service
• Three-quarters of Ransomware Attacks Target Mid-Market Firms
• Hackers are utilizing artificial intelligence to enhance their ransomware campaigns, making defense more difficult for targeted organizations.
• rising cyber threats from artificial intelligence, geopolitical tensions, ransomware, and digital transformation
• The breach involved novel ransomware and occurred at a strategically significant time, with attackers employing methods designed to obscure their attribution.
• A preliminary investigation confirmed the attack was ransomware-based, though the full extent of the breach remains under review
• Kee Wah Bakery in Hong Kong disclosed a ransomware attack on its internal network that occurred on Friday
• AI tools becoming hot commodities on ransomware marketplaces

Connections

14 entities linked to ransomware across the news graph.