Massive Ransomware Attack Affects Hundreds of Businesses

Software company Kaseya was targeted by a cyberattack starting Friday that has since spread to hundreds of mainly small and medium-size businesses. On Monday, Kaseya chief executive Fred Voccola reported to Anne Neuberger, the deputy national security advisor for cyber and emerging technology, that the attackers demanded a $70 million ransomware payment and that his company wasn’t aware of any breach of critical infrastructure impacting national security. According to experts, the attackers may be members of REvil, a Russian cybercriminal group. Continue reading Massive Ransomware Attack Affects Hundreds of Businesses

Ransomware Attacks Increase and Demand Bigger Payouts

An increasing number of cities, hospitals and businesses are being attacked by ransomware, by which bad actors shut down the victim’s computer network until a ransom is paid. Up until now, these attacks have been hard to measure since many of those impacted quietly paid the ransom without notifying any authorities. Security firm Emsisoft just reported a 41 percent increase in ransomware attacks between 2018 and 2019, with 205,280 businesses and other groups submitting evidence of such intrusions in 2019. Continue reading Ransomware Attacks Increase and Demand Bigger Payouts