Q1 saw substantial shifts in activity from some of the most prolific Ransomware-as-a-Service (RaaS) groups, according to GuidePoint Security. RaaS groups attempt to recruit disaffected or displaced affiliates In addition to revealing a nearly 20% year-over-year increase in the number of ransomware victims, the GRIT Q1 2024 Ransomware Report observes major shifts in the behavioral […]
Fraud Management & Cybercrime , Ransomware Domestic Teen Groups Demand ‘Nip the Bud’ and ‘Alternative Pathways,’ Experts Say Mathew J. Schwartz (euroinfosec) • April 19, 2024 Ransomware experts are concerned about the rise of Western affiliates of mostly Russian ransomware groups. (Image: Shutterstock) Western law enforcement agencies are battling a rising ransomware threat: […]
Fraud Management & Cybercrime , Ransomware Experts See Groups Shoot Themselves in the Foot by Yet Again Swindling Affiliates Mathew J. Schwartz (euroinfosec) • April 18, 2024 Fewer victims are paying extortion demanded by ransomware groups, says Coveware. (Image: Shutterstock) Here’s ransomware news to celebrate: The number of victims who opt to pay […]
Two China-linked advanced persistent threat (APT) groups have been observed targeting entities and member countries affiliated with the Association of Southeast Asian Nations (ASEAN) as part of a cyber espionage campaign over the past three months. This includes the threat actor known as Mustang Panda, which has been recently linked to cyber attacks against Myanmar […]
Fraud Management & Cybercrime , Ransomware US Healthcare Entities Are Firmly in Akira Ransomware Group’s Sights, Expert Warns Mathew J. Schwartz (euroinfosec) • March 12, 2024 Ransomware groups come and go, but the cybercriminals behind them are a constant. (Image: Shutterstock) Would LockBit by any other name be as dour? Russian-speaking ransomware groups […]
Tycoon and Storm-1575 groups are identified as key players, with Tycoon offering MFA bypass as a service and Storm-1575 targeting Microsoft 365 credentials. Public schools across the United States are facing a surge in sophisticated phishing campaigns, according to a new report by PIXM, a cybersecurity firm specializing in artificial intelligence solutions. Threat actors launch […]
Several of the law enforcement agencies involved in the takedown of one of the most prolific ransomware groups denied involvement in a new notice posted to the gang’s leak site — adding weight behind rumors from experts and cybercriminals that the group was attempting to carry out an elaborate exit scam. The U.S. Justice Department, […]
Provider groups, such as the American Hospital Association and the American Medical Association, are urging the government to provide further financial assistance, particularly for smaller practices, in response to the cyberattack’s impact.
The alliance between ransomware groups and initial access brokers (IABs) is still the powerful engine for cybercriminal industry, as evidenced by the 74% year-on-year increase in the number of companies that had their data uploaded on dedicated leak sites (DLS), according to Group-IB’s Hi-Tech Crime Trends 2023/2024 report. Global threat actors also demonstrated increased interest […]