It is essential that entities across all industries - and especially in healthcare - better prepare every type and level of worker on how to respond to potentially devastating ransomware attacks, says privacy and security attorney Erik Weinick of law firm Otterbourg PC.
The debilitating Colonial Pipeline attack in 2021, which cost the organization $4.4 million to restore the data, highlights the devastating consequences of ransomware and why nearly one in three companies hit with an attack is likely to pay the fee.
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The ransomware landscape has changed a great deal over the past ten
years. Today, ransomware attacks are driven by three primary factors—
ransomware-as-a-service, extortion, and cryptocurrency—and each of
these variables influences the overall threat of ransomware in distinctly
different ways.
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A Kentucky hospital and the Maryland Department of Health are among healthcare sector entities still battling to fully recover from recent ransomware and other disruptive cyber incidents. What can other organizations do to avoid similar fates?
Four ISMG editors discuss important cybersecurity issues, including misconceptions around Zero Trust implementation, lessons learned from the crippling NotPetya malware attack of 2017 that nearly sank logistics giant Maersk and how a Russian cyberwar in Ukraine could move beyond its borders.
A New York federal court has recommended the dismissal of a class action lawsuit filed against medical practice management vendor Practicefirst in the aftermath of a 2020 ransomware attack that involved data exfiltration and affected the personal and health information of 1.2 million individuals.
The security world continues its fight against potential widespread exploitation of the critical remote code execution vulnerability - tracked as CVE-2021-44229 - in Apache's Log4j software library, versions 2.0-beta9 to 2.14.1, known as "Log4Shell" and "Logjam." This is a digest of ISMG's updates.
We thought it was bad enough when traditional ransomware started to steal data in its second generation of evolution, now dubbed "double extortion". The third stage of ransomware is beginning to happen now and will make us wish for the good, old days of Ransomware 2.0.
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In 2021, there were 1,862 data compromises - a 68% increase over 2020, according to the Identity Theft Resource Center's Annual Data Breach Report. "In this past year, there were more cyberattack-related data breaches than there were all forms of data breaches in 2020," says ITRC COO James E. Lee.
In 2022, CISOs need to build an adaptive and cyber-resilient enterprise through hyperautomation in order to implement any kind of cybersecurity controls, says Vishal Salvi, CISO and head of the cybersecurity practice at Infosys.
As ransomware threats continue to grow in 2022, cyber insurance companies have clearly stated that they do not want to talk about the "cyber" part of insurance, says Sri Lanka-based Sujit Christy, group CISO at John Keells Holdings PLC.
Four ISMG editors discuss: how too many organizations fail to implement basic cybersecurity defenses - such as MFA; a proposed lawsuit against health insurer Excellus that calls for an improvement to its data security program; and strategies for securing open-source and other software components.
The latest edition of the ISMG Security Report features an analysis of whether a new ransomware operation is a spinoff of the notorious REvil or simply copying the group's moves; how Maersk responded to the NotPetya wiper malware attack; and essential incident response skills.
A proposed class action lawsuit has been filed against Ohio-based Memorial Health System in the wake of a ransomware attack last August that reportedly involved the Hive cybercriminal gang, resulting in a health data breach affecting nearly 216,500 individuals.
Cybercrime is a booming business, inflicting damage to businesses estimated at $3 trillion per year and growing to $5 trillion by 2024, according to a recent report.
The Acronis Cyber Readiness Report, found that 31% of companies around the world are attacked at least once a day and that 50% of all respondents...
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