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The Financial Dynamics Behind Ransomware Attacks

Security Affairs

Initially, these attacks involved malicious software that encrypts a victim’s data, rendering it inaccessible until a ransom is paid to the attackers. RaaS : Mirroring the Legitimate SaaS Models In mid-2012, the ransomware ecosystem evolved with the introduction of Reveton , the first Ransomware-as-a-Service (RaaS).

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Top VC Firms in Cybersecurity of 2022

eSecurity Planet

Company Sector Year Status Isovalent Cloud security 2020 Private Illumio Cloud security 2015 Private SignalFx Monitoring 2015 Acquired: Splunk CipherCloud Cloud security 2012 Acquired: Lookout Lookout Mobile security 2011 Private. Mimecast Email security 2012 Nasdaq: MIME. a16z Investments. Bessemer Venture Partners. Greylock Partners.

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Top Cybersecurity Startups to Watch in 2022

eSecurity Planet

GitGuardian is a developer favorite offering a secrets detection solution that scans source code to detect certificates, passwords, API keys, encryption keys, and more. Evervault is on a mission to make encrypting sensitive data seamless with its security toolkit for developers. Cowbell Cyber. Ubiq Security.

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The Surge of Double Extortion Ransomware Attacks

Pen Test

A particularly insidious new trend is the rise of "double extortion" attacks, in which cybercriminals not only encrypt an organization's data but also threaten to publicly release sensitive stolen information if the ransom is not paid. CryptoLocker, in 2013, pioneered the use of strong encryption algorithms. Seek adequate coverage.