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Preparing for Ransomware: Are Backups Enough?

eSecurity Planet

In a year where ransomware has raised the alert levels everywhere, the go-to answer from many is redundancy through offline, remote backups – but are they enough? Backups are a critical component of any enterprise cybersecurity posture, but they are not an airtight strategy. Why Are Backups Critical?

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The Financial Dynamics Behind Ransomware Attacks

Security Affairs

Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. Today, this tactic has evolved, where ransomware operators in nearly every case first exfiltrate sensitive data and then threaten to publicly expose it if a ransom demand is not paid.

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Akira ransomware attack on Tietoevry disrupted the services of many Swedish organizations

Security Affairs

A ransomware attack against the Finnish IT services provider Tietoevry disrupted the services of some Swedish government agencies and shops. Tietoevry is a Finnish multinational information technology (IT) and consulting company that provides managed services and cloud hosting for the enterprise.

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New ransomware group demands Change Healthcare ransom

Malwarebytes

The Change Healthcare ransomware attack has taken a third cruel twist. A new ransomware group, RansomHub, has listed the organisation as a victim on its dark web leak site, saying it has 4 TB of “highly selective data,” which relates to “all Change Health clients that have sensitive data being processed by the company.”

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US CISA releases guidance on how to prevent ransomware data breaches

Security Affairs

The US Cybersecurity and Infrastructure Security Agency (CISA) released guidance on how to prevent data breaches resulting from ransomware attacks. Over the past several years, government agencies and its partners have responded to a significant number of ransomware attacks, including recent attacks against Colonial Pipeline and and U.S.

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Spin Technology Releases Office 365 Ransomware Protection!

Spinone

The worldwide cost of ransomware attacks is predicted to reach $20 billion by 2021. Ransomware targets everyone: individual users, small businesses, enterprise environments, and even government organizations. Ransomware strains get more and more evasive, which allows them to avoid getting detected by most antiviruses.

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A history of ransomware: How did it get this far?

Malwarebytes

Today's ransomware is the scourge of many organizations. If we define ransomware as malware that encrypts files to extort the owner of the system, then the first malware that could be classified as ransomware is the 1989 AIDS Trojan. But where did it start?