The US Government has underlined once again that it continues to strongly discourage organisations hit by ransomware from giving in to extortion demands.In an updated advisory, the Department of Treasury’s Office of Foreign Assets Control (OFAC) has called upon businesses not to pay ransoms, and to focus on cybersecurity measures that can prevent or mi

Cybercriminals are slowly realizing that the REvil ransomware operators may have been hijacking ransom negotiations, to cut affiliates out of payments.By using a cryptographic scheme that allowed them to decrypt any systems locked by REvil ransomware, the operators left their partners out of the deal and stole the entire ransom.Conversations about this pract

The U.S. Cybersecurity and Infrastructure Security Agency (CISA), the FBI, and the NSA have issued a joint alert to warn organizations about an increase in cyberattacks involving the Conti ransomware. The alert comes just as another major farming cooperative confirmed being hit by ransomware.The alert issued by the government agencies says Conti ransomware h

CISA, FBI, and the NSA warned today of an escalation of the attacks of the Conti ransomware gang targeting US organizations. CISA, the Federal Bureau of Investigation (FBI), and the National Security Agency (NSA) are warning of an increased number of Conti ransomware attacks against US organizations. @CISAgov and @FBI observed over 400 ransomware at

BlackMatter is a new ransomware threat discovered at the end of July 2021. This malware started with a strong group of attacks and some advertising from its developers that claims they take the best parts of other malware, such as GandCrab, LockBit and DarkSide, despite also saying they are a new group of developers. We at McAfee Enterprise Advanced Threat R

The Biden administration sought Tuesday to choke the finances of criminal ransomware gangs, announcing sanctions against a Russia-based virtual currency brokerage that officials say helped at least eight ransomware gangs launder virtual currency.The Treasury Department sanctions are aimed at kneecapping the economic infrastructure of a ransomware threat that

Two ColdFusion vulnerabilities patched by Adobe more than a decade ago have been exploited by threat actors in a recent attack, according to cybersecurity firm Sophos.Sophos recently investigated an attack where an unknown threat actor deployed the Cring ransomware on the systems of an unnamed services company. The attack started with the attacker scanning t

The US Treasury Department announced the first-ever sanctions against a cryptocurrency exchange, the Russian-linked Suex, for facilitating ransom transactions for ransomware gangs and helping them evade sanctions.Suex is registered in the Czech Republic but has no physical presence there. Instead, it operates out of Moscow and St. Petersburg branch offi

Cybercriminals are hoping to obtain millions of dollars from a major farmer cooperative in the United States after they breached its systems, encrypted files, and stole vast amounts of data.The attackers are a group that uses the BlackMatter ransomware and the victim is Fort Dodge, Iowa-based New Cooperative, which has 60 members and offers agronomy, grain,

BlackMatter ransomware gang over the weekend hit Marketron, a business software solutions provider that serves more than 6,000 customers in the media industry.Marketron provides cloud-based revenue and traffic management tools for broadcast and media organizations. It specializes in revenue management and audience engagement, handling advertising revenu

U.S. The farmers cooperative NEW Cooperative was hit by Black Matter ransomware gang that is demanding a $5.9 million ransom. BlackMatter ransomware gang hit NEW Cooperative, a farmer’s feed and grain cooperative, and is demanding a $5.9 million ransom. The ransomware gang claims to have stolen 1,000 GB of data including the source code for the soi

Source: newcoop.comU.S. farmers cooperative NEW Cooperative has suffered a BlackMatter ransomware attack demanding $5.9 million not to leak stolen data and provide a decryptor.NEW Cooperative is a farmer's feed and grain cooperative with over sixty locations throughout Iowa.In a weekend ransomware attack, the threat actors demand a 5.9 million dollar ransom,

Last week on Malwarebytes Labs Why backups aren’t a “silver bullet” against ransomware, with Matt Crape: Lock and Code S02E17The many tentacles of Magecart Group 8Apple releases emergency update: Patch, but don’t panicUpdate now! Google Chrome fixes two in-the-wild zero-daysParts of the Dark Web “awash” with school children’s personal dataPatch now! Print

Cybersecurity has become a critical concern in every business sector nowadays due to organizations’ growing dependency on technologies. Research by Immersive Lab reported that in 2019 there were more than 20,000 new vulnerabilities. Not only that, TechRepublic reported that global companies experienced a 148% spike in ransomware attacks after COVID-19 hit th

In 2021, there are two words that can send a cold chill down the spine of any Cybersecurity professional and business leader; Phishing and Ransomware.Research carried out by the Data Analytics and training company CybSafe, identified that 22% of all cyber incidents reported in the first quarter of 2021 were ransomware attacks. According to the figures obtain