Page 20 - Ransomware Task News Today

The annual IRISSCOM cybercrime conference in Dublin aims to give attendees "an overview of the current cyberthreats facing businesses in Ireland and throughout the world" and how to best defend themselves, organizers say. Here are visual highlights from the conference's latest edition.

As our lives have become increasingly dependent on technology, virtually all personal and business data is kept on internet-connected platforms and in today’s digitized world this has become a gold mine for cyber criminals. In fact, we have seen cyberattacks grow exponentially in the last 12 months and in particular ransomware attacks increased by more than 485 percent in 2020.

Public- and private-sector speakers during the Massachusetts Municipal Cybersecurity Summit highlighted local agencies’ particular vulnerability to ransomware as well as key strategies and resources to help.

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...

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...

Cyber Insurance Industry in Crosshairs of Ransomware Criminals In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and government networks to steal sensitive data for extortion routinely try to learn how much cyber insurance coverage the victims have. Kno...