Page 17 - Ransomware Task Force News Today

Criminals will keep using ransomware as long as its profitable, but outright banning all payments could be deeply painful for critical sectors and small businesses. The road ahead is full of policy hurdles.

Exponential increases in global cyber crime. Ransomware crippling governments and businesses. Nations ignoring cyber criminals operating on their soil. The time for international cooperation on cybersecurity is now.<i>  </i>

Share If the last year has proven anything, it’s that there is no short-term fix for the ransomware plague. Patching, detection, remediation, off site backups, and quick incident response are all vital, but none of them alone or all of them together is a guaranteed answer to the problem. The road to a true solution will be long and will require serious collaboration between enterprise defenders, government agencies, and law enforcement to disrupt the ransomware ecosystem. As ransomware has ...

Shutterstock Shutterstock Congress should not attempt to address the threat of ransomware by making ransom payments to cybercriminals illegal By Brian Fung and Geneva Sands, CNN Congress should not attempt to address the threat of ransomware by making ransom payments to cybercriminals illegal, a top FBI official told US lawmakers Tuesday. Banning ransom payments could inadvertently create opportunities for further extortion by ransomware gangs, said Bryan Vorndran, assistant director of the FBI...

When Software Updates Get Hacked Darned if you do, darned if you dont: Software fixes have become extensively automated, which works when software supply chains are secure. Yet with attackers focused on compromising those pipelines, is automated patching such a good idea? Robert Lemos PDF On July 2, an attack that used a series of yet-to-be-patched vulnerabilities in Kaseyas Virtual System Administrator (VSA) server software quickly compromised about 100 business clients of managed service prov...

Can Biden do anything to stop ransomware attacks? Vox.com 2 hrs ago Jen Kirby © Peter Klaunzer/Keystone via Getty Images US President Joe Biden, second from left, and Russian President Vladimir Putin meet during the US-Russia summit on June 16, 2021, at Villa La Grange in Geneva, Switzerland. First there was Colonial Pipeline. Then the world’s largest meat supplier. And this weekend, a ransomware group called REvil struck another business, demanding $70 million in payment...

White House racing to finalize strategy to deter ransomware attacks By: CNN By Natasha Bertrand, CNN (CNN) -- The White House is racing to finalize a government-wide strategy on how to respond to ransomware attacks that will deter companies from paying out ransoms to cybercriminals as the Biden administration grapples with yet another major attack on a US firm by criminal actors believed to be based in Russia. For months, the National Security Counc...

Swiss supermarket chain offline as REvil campaign targets Kaseya VSA SHARE A chain of supermarkets in Switzerland is one of possibly thousands of potential victims in a new REvil ransomware gang attack that has targeted companies using information technology management software from Kaseya Ltd. The new REvil attack came ahead of the Independence Day holiday in the U.S. today. According to Bleeping Computer, the attack targeted managed service providers using Kaseya VS...

Kaspersky Lab in 2014. (Alexxsun, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0, via Wikimedia Commons) Roughly three in four individuals assert that companies should not submit to the demands of ransomware gangs in the event are infected, says one survey report. Yet roughly three in four parents say that school districts should pay up if they are impacted by an attack. So which is it? It could very well be both, as respondents’ sentiments likely vary depending on what they p...

At this month's summit, US President Joe Biden warned his counterpart Vladimir Putin of reprisals against 'persistent malicious cyber-attacks'. But it will take more than posturing to end the stand-off.