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Tag: ransomware

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netherlands university clop ransomware

Maastricht University Hit By Clop Ransomware, Pays $220 000 USD for Decryption

Netherlands’ Maastricht University was hit by a ransomware attack on December 23rd, 2019. The university paid the cyberattackers 30 bitcoins, worth at around $220 000 USD, in order to restore the infected computers to working conditions. The ransomware malware strain, called “Clop ransomware”, encrypted 267 of the university’s Windows servers, including backups. The University’s full…
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Unnamed Canadian Insurance Company Suffers $1M USD Ransomware Attack

On October 8th 2019, an unnamed Canadian insurance company paid a total of 950 000 USD to a ransomware cyberattacker. The attacker was able to infect 20 servers and around 1000 employee computers in the attack, encrypting data on the systems behind a ransomwall, demanding payment of 109.25 bitcoins for the safe release of the…
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Ransomware Attack Temporarily Shuts Down The Heritage Company

The Heritage Company has temporarily shut down its operations due to a ransomware attack. In December of last year, CEO Sandra Franecke announced to the company’s 300 employees that the company had not fully restored its systems following a ransomware attack that October. As a result of the attack, the company would be temporarily suspending…
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ransomware in 2020 cybersecurity landscape new year

Ransomware In 2020 Will Be More Vicious Than Ever

With 2019 drawing to a close and 2020 almost here, we can take a look sat how the cybersecurity landscape has evolved over this past year. By far the two most prevalent topics of the year have been ransomware and data privacy. Ransomware By far the most relevant cybersecurity threat of 2019 was the rise…
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ransomware new strategy release stolen data

Ransomware Cyberattackers Now Releasing Stolen Data To The Public

Cyberattackers using ransomware for money extortion have recently adopted a new strategy to force victims into succumbing to their threats – releasing sensitive stolen information to the public. This new strategy was brought to light by a recent cyberattack by the Maze Ransomware strain. Typically, ransomware cyberattacks force victims to pay ransom fees by locking…
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What Is Malware and How Can You Stop It?

Malware, or malicious software, is any piece of software that is developed with malicious intent. There are many strains of malware that do everything from stealing sensitive data to locking files behind ransom walls. There are many ways that a computer can become infected with malware. Many of these, such as phishing, rely on user…
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22 Governments in Texas Hit By First Coordinated Ransomware Attack

On August 16th, the Texas Department of Information Resources (DIR) stated that 22 local Texan governments were simultaneously hit by coordinated ransomware attacks. They also stated that most of the victims were small-sized local governments. While government-targeted ransomware attacks are not new, this is the first incident of this scale and level of coordination. According…
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Human Error is still a Leading Cause of Cyber Insurance Incidents, says CFC Underwriting

Multinational insurance company CFC Underwriting says that human error still remains a primary factor in the thousands of cybersecurity insurance claims that the company handles. In 2018, the insurance company received over a thousand claims relating to ransomware, malware, data breaches, and data theft. Of these incidents, CFC Underwriting notes that the following human-driven errors…
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Florida’s Lake City and Riviera Beach City Hit by Ransomware, Pays $500 000 each for Decryption

The list of ransomware victims continues to grow. Florida’s Lake City and Riviera Beach City have both fallen victim to cyberattack. Both cities have been forced to pay $500 000 each to the attackers in attempts to unlock the encrypted files. On June 5th, the City of Riviera Beach released an official announcement stating that…
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Watch Out! Supply Chain Attacks are on the Rise

In a recent report, Microsoft has stated that supply chain attacks have become an increasingly pressing concern for cybersecurity professionals. What are Supply Chain Attacks? Computer software is constantly updated by developers. These are released to the public through cycles of patches. A supply Chain Attack is a type of cyberattack that infiltrates a victim’s…
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