Russia's Trickbot Ransomware Gang Faces US, UK Sanctions
US and UK authorities have sanctioned seven members of Trickbot, a notorious Russian cybercrime organization.
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US and UK authorities have sanctioned seven members of Trickbot, a notorious Russian cybercrime organization.
Conti -- one of the most ruthless and successful Russian ransomware groups -- publicly declared during the height of the COVID-19 pandemic that it would refrain from targeting healthcare providers. But new information confirms this pledge was always a lie,…
'); //]]>//--> By Jack M. Germain May 21, 2021 4:00 AM PT That old adage about crime never pays could not be more false, at least when it comes to modern-day cybercriminals. For those bad actors using ransomware as their weapon, crime is paying more than ever. Cybersecurity company Emisoft estimates that the true global cost of ransomware, including business interruption and ransom payments in 2020, was a minimum of US$42 billion and a maximum of nearly $170 billion. A survey by Veritas Technologies found that 66 percent of victims admitted to paying part or all of the ransom, according to a...
Ransomware Attacks Are Getting More Specialized Lately May 20, 2021 12:37 GMT · Comment Ransomware Cyberattacks If you were to look at the statistics, every week a new organization is targeted by a ransomware attack. Nevertheless, a new study from eSentire's security research team and Dark Web researcher Mike Mayes reveal that the events we see in the news are just a fraction of the true number of victims. According to the eSentire Ransomware Study, six ransomware groups infected 292 organizations between January 1 and April 31, 2021. The study estimates that the...