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Protecting Oil and Gas Industry Infrastructure: Strategies for Resilience

SecureWorld News

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.

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4 ways ransomware can cost your business (in addition to extortion)

Webroot

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.

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RedEnergy Stealer-as-a-Ransomware employed in attacks in the wild

Security Affairs

RedEnergy is a sophisticated stealer-as-a-ransomware that was employed in attacks targeting energy utilities, oil, gas, telecom, and machinery sectors. Zscaler ThreatLabz researchers discovered a new Stealer-as-a-Ransomware named RedEnergy used in attacks against energy utilities, oil, gas, telecom, and machinery sectors.

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Herjavec Group BlackMatter Ransomware Profile

Herjavec Group

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].

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Everest gang demands $200K for data stolen from South Africa state-owned electricity company ESKOM

Security Affairs

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.

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Evolution of JSWorm ransomware

SecureList

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.

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Colonial Pipeline attack spotlights risks of geographically dispersed networks in an industry that is ‘far behind’

SC Magazine

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

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