article thumbnail

Microsoft Can Fix Ransomware Tomorrow

Adam Shostack

My latest at Dark Reading draws attention to how Microsoft can fix ransomware tomorrow. My latest article at Dark Reading is Microsoft Can Fix Ransomware Tomorrow. Ransomware works by going through files, one by one, and replacing their content with an encrypted version.

article thumbnail

Four REvil Ransomware members sentenced for hacking and money laundering

Security Affairs

Russian authorities sentenced four members of the REvil ransomware operation to several years in prison in Russia. Four former members of the REvil ransomware group were sentenced in Russia for hacking and money laundering, marking a rare case of Russian gang members being convicted in the country. Vasinskyi was extradited to the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Insurance and Ransomware

Schneier on Security

As ransomware becomes more common, I’m seeing more discussions about the ethics of paying the ransom. However, the most pressing challenge currently facing the industry is ransomware. Growing losses from ransomware attacks have also emphasised that the current reality is not sustainable for insurers either.

Insurance 331
article thumbnail

A glimmer of good news on the ransomware front, as encryption rates plummet

Graham Cluley

No-one would be bold enough to say that the ransomware problem is receding, but a newly-published report by Microsoft does deliver a slither of encouraging news amongst the gloom. And boy do we need some good news - amid reports that 389 US-based healthcare institutions were hit by ransomware last year - more than one every single day.

article thumbnail

Conti’s Ransomware Toll on the Healthcare Industry

Krebs on Security

Conti — one of the most ruthless and successful Russian ransomware groups — publicly declared during the height of the COVID-19 pandemic that it would refrain from targeting healthcare providers. But according to Microsoft and an advisory from the U.S. National Security Agency (NSA).

article thumbnail

On the Evolution of Ransomware

Schneier on Security

Good article on the evolution of ransomware : Though some researchers say that the scale and severity of ransomware attacks crossed a bright line in 2020, others describe this year as simply the next step in a gradual and, unfortunately, predictable devolution. Ransomware is a decades-old idea.

article thumbnail

Anti-Ransomware Company Exagrid Pays $2.6 Million Ransom

Adam Levin

You would think that ExaGrid, a backup appliance and anti-ransomware service might know how to avoid ransomware, but it was hit. . million after it was hit with Conti ransomware. . The FBI announced last month that Conti ransomware had been used against the Irish healthcare system and at least sixteen U.S.