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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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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.

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Top Cybersecurity Startups to Watch in 2022

eSecurity Planet

Boasting itself as the world’s first Code Risk Platform, Apiiro Security offers risk visibility across design, code, and cloud segments. Apiiro can connect across hybrid infrastructure through a read-only API and promises real-time inventory and actionable remediation for risks in addressing DevSecOps. Apiiro Security.

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Top VC Firms in Cybersecurity of 2022

eSecurity Planet

Company Sector Year Status Vicarius Vulnerability management 2022 Private Dragos ICS and OT security 2021 Private Safeguard Cyber Risk management 2021 Private CyberGRX Risk management 2019 Private Signifyd Fraud protection 2018 Private RedOwl Security analytics 2015 Acquired: Forcepoint. AllegisCyber Investments.