This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
To ensure energy security and economic stability, protecting the infrastructure is essential. A report from 2023 revealed that 67% of energy and utility companies faced ransomware attacks, with many incidents exploiting unpatched vulnerabilities.
Cybersecurity analysts are charting both a rise in ransomware incidents and in amounts cybercriminals are demanding from businesses to restore their data. Our latest threat report found the average ransomware payment peaked in September 2020 at more than $230 thousand. Lost productivity. Impact on client operations.
RedEnergy is a sophisticated stealer-as-a-ransomware that was employed in attacks targeting energyutilities, oil, gas, telecom, and machinery sectors. Zscaler ThreatLabz researchers discovered a new Stealer-as-a-Ransomware named RedEnergy used in attacks against energyutilities, oil, gas, telecom, and machinery sectors.
Ransomware is a breakout ransomware group that became operational shortly after the shutdown of the REvil Ransomware and DarkSide Ransomware operations in late Summer 2021. Furthermore, they have openly claimed that BlackMatter is the product of reproducing the “best parts” of previous ransomware operations [1].
Everest ransomware operators claimed to have hacked South Africa state-owned company ESKOM Hld SOC Ltd. In March 2022, the Everest ransomware operators published a notice announcing the sale of “South Africa Electricity company’s root access” for $125,000. Is having some server issues.
Over the past few years, the ransomware threat landscape has been gradually changing. In some cases, this global trend is just a reflection of the continuous life cycle of threats: old ransomware families shut down and new ones appear and pursue new targets. We have been witness to a paradigm shift. Chronology. May 2019: JSWorm.
Alpharetta, Georgia-based Colonial Pipeline, which has the largest fuel pipeline, was forced to shut down its oil and gas pipeline system on Friday after a ransomware attack that has slowed down the transportation of oil in the eastern U.S. You have to have the backups – and that’s where it really gets challenging,” said Cusimano. “You
There are constantly new headlines, blog posts, statistics, and other information pointing to the fact that security breaches, malware, ransomware, data leak events, phishing and other security concerns are not going away. Data is driving business for most organizations who utilize technology to carry out normal business operations.
Whether this means that customers of the popular file transfer utility MOVEit Transfer can ask for their money back remains to be seen, but we do hope it signals the end of the game. Reportedly , two US Department of Energy (DOE) entities were also compromised. How to avoid ransomware Block common forms of entry.
Energy and utility companies have been some of the most high-profile cyber attacks in recent memory, such as the May 2021 Colonial Pipeline attack or the Delta-owned Monroe Energy attack in November 2021. Given how lucrative and necessary both sectors are to daily life, they make prime targets for ransomware.
Due to the attack, thousands of street lamps remained illuminated throughout the day, wasting significant energy and money. Non-essential operations were temporarily suspended as emergency response teams worked around the clock to understand the malware, prevent further damage, and initiate backups and recovery procedures where possible.
RansomwareRansomware will remain the No. In 2023, ransomware attacks consolidated their hold on the top of the ranking of information security threats to industrial enterprises. The ransomware market is heading for a peak, which may be followed by a decline or stagnation. 1 scourge of industrial enterprises in 2024.
The incident occurred in the third and fourth week of March, as part of a small wave of attacks involving both DroxiDat and Cobalt Strike beacons around the world; and we believe this incident may have been the initial stage of a ransomware attack. Leaked Lockbit 3 builder Lockbit is one of the most prevalent ransomware strains.
For decades, the traditional server backup has been protecting on-premises files, folders, and business applications for SMBs. Ransomware Protection of SaaS Data A huge concern in the realm of cybersecurity today is Ransomware. Ransomware is equally as dangerous when it comes to public cloud storage.
Computer Weekly said it had learnt that FatFace paid a £1.5m ($2 million US dollar) ransom to the Conti Ransomware gang , disclosing the gang gained access to FatFace network and their IT systems via a phishing email on 10th January 2021. implement offline storage and tape-based backup. implement offline storage and tape-based backup.
Let’s recap: Colonial Pipeline confirmed the ransomware attack occurred, and that it proactively took its systems offline to contain the threat. Here are some of the important takeaways from this cyberattack: The emergence of targeted ransomware. By isolating and segmenting OT, organizations can stop the lateral spread of ransomware.
In a new Enforcement Alert , the agency is calling on water utilities to immediately enhance their digital defenses to protect public health and safety. Simultaneously, ransomware operators attack these facilities for monetary gain, exploiting vulnerabilities to extort large sums," Graham said. "In water systems often lag behind.
This is ransomware, starting with a phishing attack. It's individual pieces of it that fall apart and become a nightmare for that company or that utility or whatever. Brian Bangham: Judy, the FBI said a group known as Dark Side is responsible for this cyber attack, which used what is known as ransomware. Van Norman: Absolutely.
We organize all of the trending information in your field so you don't have to. Join 28,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content