The problems that ransomware has caused to society have escalated dramatically over the past few years. As a result, the private cybersecurity industry has invested heavily in better defenses, and international law enforcement is actively chasing bad actors and governments are imposing sanctions on ransomware gangs.
Organizations are accelerating their digital transformation as they look to build functionality and resilience for a post-COVID world. This whitepaper shares an overview of today’s state of ransomware and then discusses what could trigger ransomware actors to change their business models.
It concludes by making recommendations on combating ransomware and how to prepare for future changes in the criminal business models of ransomware actors.
Download to learn more.
Provided by Trend Micro
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Prolific ransomware operator added to Europe’s Most Wanted list as US dangles $10 million rewardNews The US Department of Justice is offering a reward of up to $10 million for information leading to the arrest of Volodymyr Viktorovych Tymoshchuk, an alleged ransomware criminal.
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Jaguar Land Rover “did the right thing” shutting down systems to thwart cyber attackNews The attack on Jaguar Land Rover highlights the growing attractiveness of the automotive sector
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Blackpoint Cyber and NinjaOne partner to bolster MSP cybersecurityNews The collaboration combines Blackpoint Cyber’s MDR expertise with NinjaOne’s automated endpoint management platform
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Ransomware attack on IT supplier disrupts hundreds of Swedish municipalitiesNews The attack on IT systems supplier Miljödata has impacted public sector services across the country
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A notorious hacker group is ramping up cloud-based ransomware attacksNews The Storm-0501 threat group is refining its tactics, according to Microsoft, shifting away from traditional endpoint-based attacks and toward cloud-based ransomware.
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Security researchers have just identified what could be the first ‘AI-powered’ ransomware strain – and it uses OpenAI’s gpt-oss-20b modelNews Using OpenAI's gpt-oss:20b model, ‘PromptLock’ generates malicious Lua scripts via the Ollama API.
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Data I/O shuts down systems in wake of ransomware attack
News Regulatory filings by Data I/O suggest the costs of dealing with the attack could be significant
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LevelBlue and Akamai are teaming up to launch a managed web application and API protection serviceNews The new Managed WAAP offering aims to help organizations secure their rapidly expanding web app and API ecosystems
