Ransomware

94% of IT leaders rely on immutable storage to protect data as ransomware attacks skyrocket

Retrieved on: 
Wednesday, March 6, 2024

SAN FRANCISCO, March 6, 2024 /PRNewswire/ -- Scality, a global leader in reliable, secure and sustainable data storage software, today announced the results of a survey of 500 IT decision-makers across France, Germany, the U.K. and the U.S. to gain insight into the role immutable data storage plays in an organization's overall cybersecurity strategy.

Key Points: 
  • Only 12% of those who deployed immutable data storage say it is not essential to cybersecurity.
  • Results from the independent survey by Vanson Bourne demonstrate that IT leaders consider immutable storage as a must-have in the fight against cyberattacks.
  • This reinforces the role immutable data storage plays as an essential last line of defense within a cybersecurity toolkit.
  • With immutable storage, data cannot be deleted or modified once written, increasing data safety and ensuring organizations have the power to restore data with 100% accuracy in the event of a breach.

Global Law Enforcers Seek Trend Micro's Help in Taking Down Top Ransomware Threat Group LockBit

Retrieved on: 
Thursday, February 22, 2024

DALLAS, Feb. 22, 2024 /PRNewswire/ -- Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today revealed its critical role in helping global law enforcement partners disrupt mega-ransomware group LockBit, and kill the viability of its long-term malware plans. Through undercover infiltration, Trend helped prevent the release of the group's next malware products and automatically installed protection for Trend Micro customers, even before the group themselves had finished testing.

Key Points: 
  • DALLAS, Feb. 22, 2024 /PRNewswire/ -- Trend Micro Incorporated ( TYO: 4704 ; TSE: 4704 ), a global cybersecurity leader, today revealed its critical role in helping global law enforcement partners disrupt mega-ransomware group LockBit , and kill the viability of its long-term malware plans.
  • Through undercover infiltration, Trend helped prevent the release of the group's next malware products and automatically installed protection for Trend Micro customers, even before the group themselves had finished testing.
  • This group was responsible for about 25 percent* of all ransomware leaks in 2023 and caused billions of dollars in losses for thousands of global victims over the past four years.
  • McArdle continued, "Last week Trend secured global Microsoft users from a critical vulnerability and this week we were a part of dethroning the most critical threat actor group in the world.

Global Ransomware Protection Market Expected to Surge to $52.7 Billion by 2030 with Robust CAGR of 16.5% - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 7, 2024

The "Ransomware Protection Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Ransomware Protection Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
  • This report provides a vital overview of the market dynamics, emerging trends, customer behavior shifts, and the strategic maneuvers that will shape the Ransomware protection marketplace through to 2030.
  • An analytical deep dive into the Ransomware protection market uncovers the drivers propelling market growth, led primarily by the escalation in security breaches and phishing incidents worldwide.
  • Conclusion and Market Forecast A detailed examination of the Ransomware protection market reveals a future rife with investment prospects, technological advancements, and untapped growth opportunities across various regions and industries.

DynaRisk Introduces Groundbreaking Intelligence Data Lake, Transforming Cyber Risk Management

Retrieved on: 
Tuesday, February 6, 2024

LONDON, Feb. 6, 2024 /PRNewswire/ -- DynaRisk, a leading innovator in cyber risk management solutions, proudly announces the launch of its groundbreaking Cyber Intelligence Data Lake.

Key Points: 
  • LONDON, Feb. 6, 2024 /PRNewswire/ -- DynaRisk, a leading innovator in cyber risk management solutions, proudly announces the launch of its groundbreaking Cyber Intelligence Data Lake.
  • DynaRisk's Cyber Intelligence Data Lake is a leap forward in the cyber risk management landscape, offering next-generation intelligence quickly and at scale.
  • Andrew Martin, CEO of DynaRisk, commented, "The launch of our Cyber Intelligence Data Lake marks a significant milestone in our commitment to innovation and excellence in cyber risk management.
  • For more information about DynaRisk and the Cyber Intelligence Data Lake or to get a free scan of your clients for cyber risks, please visit www.dynarisk.com .

DynaRisk Introduces Groundbreaking Intelligence Data Lake, Transforming Cyber Risk Management

Retrieved on: 
Tuesday, February 6, 2024

LONDON, Feb. 6, 2024 /PRNewswire/ -- DynaRisk, a leading innovator in cyber risk management solutions, proudly announces the launch of its groundbreaking Cyber Intelligence Data Lake.

Key Points: 
  • LONDON, Feb. 6, 2024 /PRNewswire/ -- DynaRisk, a leading innovator in cyber risk management solutions, proudly announces the launch of its groundbreaking Cyber Intelligence Data Lake.
  • DynaRisk's Cyber Intelligence Data Lake is a leap forward in the cyber risk management landscape, offering next-generation intelligence quickly and at scale.
  • Andrew Martin, CEO of DynaRisk, commented, "The launch of our Cyber Intelligence Data Lake marks a significant milestone in our commitment to innovation and excellence in cyber risk management.
  • For more information about DynaRisk and the Cyber Intelligence Data Lake or to get a free scan of your clients for cyber risks, please visit www.dynarisk.com .

“More Groups, More Problems”: Searchlight Cyber Report Reveals Ransomware Groups to Watch in 2024

Retrieved on: 
Wednesday, January 31, 2024

Searchlight Cyber , the dark web intelligence company, has released its latest report on the ransomware landscape of the dark web.

Key Points: 
  • Searchlight Cyber , the dark web intelligence company, has released its latest report on the ransomware landscape of the dark web.
  • More Groups, More Problems: Ransomware in 2023 covers the most prolific ransomware groups on the dark web last year, changing ransomware tactics based on dark web activity, and the operations security teams should watch out for in 2024.
  • The threat intelligence comes from Searchlight Cyber’s Ransomware Search and Insights module, which collates data from the dark web leak sites of more than 50 ransomware groups.
  • Ransomware group dynamics: The dissolution and rebranding of groups like Conti, and the use of leaked ransomware source code by emerging groups exemplifies the fluid nature of ransomware operations.

Delinea Research Reveals that Ransomware is Back on the Rise as Cybercriminals' Motivation Shifts to Data Exfiltration

Retrieved on: 
Tuesday, January 30, 2024

SAN FRANCISCO, Jan. 30, 2024 /PRNewswire/ -- Delinea, a leading provider of solutions that seamlessly extend Privileged Access Management (PAM), today published its annual "State of Ransomware" report which shows that ransomware attacks are increasing again and reveals a change in strategy among cybercriminals. The familiar tactics of crippling a company and holding it hostage have been replaced by new strategies that use stealth to exfiltrate private and sensitive data. Cybercriminals then frequently threaten to sell it to the highest bidder on the darknet or leverage it to reap a handsome cyber insurance payment.

Key Points: 
  • The familiar tactics of crippling a company and holding it hostage have been replaced by new strategies that use stealth to exfiltrate private and sensitive data.
  • First and foremost, ransomware is back on the rise.
  • Mid-sized companies appeared to be in cybercriminals' crosshairs the most, with 65% stating they've been a ransomware victim over the past 12 months.
  • "Ransomware certainly appears to have reached a critical sea change – it's no longer just about the quick and easy payout," said Rick Hanson, President at Delinea.

Threat Intelligence Security Market to grow by USD 17 billion between 2022 - 2027, Growth Driven by Rising number of cyberattacks on connected devices or systems - Technavio

Retrieved on: 
Wednesday, January 17, 2024

The potential growth difference for the threat intelligence security market between 2022 and 2027 is USD 17 billion.

Key Points: 
  • The potential growth difference for the threat intelligence security market between 2022 and 2027 is USD 17 billion.
  • Utilizing threat intelligence services is crucial to understanding and countering evolving cyber threats, driving the market growth in cybersecurity defense strategies.
  • The Threat Intelligence Security Market is rapidly evolving, driven by the increasing sophistication of Cyber Threat Intelligence.
  • The competitive intelligence tools market is projected to grow by USD 28.90 billion with a CAGR of 10.38% during the forecast period 2021 to 2026.

Syra Health Expands its Cybersecurity Offerings

Retrieved on: 
Tuesday, January 9, 2024

CARMEL, Ind., Jan. 9, 2024 /PRNewswire/ -- Syra Health Corp. (NASDAQ: SYRA) ("Syra Health" or the "Company"), a healthcare technology company with a mission to improve healthcare by providing innovative services and technology solutions, today announced the expansion of its cybersecurity offerings in support of its healthcare customers.

Key Points: 
  • Solutions are customized for payers, providers, pharmaceutical companies, and government agencies
    CARMEL, Ind., Jan. 9, 2024 /PRNewswire/ -- Syra Health Corp. (NASDAQ: SYRA) ("Syra Health" or the "Company"), a healthcare technology company with a mission to improve healthcare by providing innovative services and technology solutions, today announced the expansion of its cybersecurity offerings in support of its healthcare customers.
  • Cybersecurity is essential in healthcare because of the sensitive nature of the patient data being handled and the negative effects cyber-attacks can have on millions of Americans.
  • According to a 2020 HHS Report on cybersecurity, 560 health organizations were impacted by ransomware attacks, and approximately one million healthcare records were breached monthly.
  • Syra Health's enhanced solutions for payers include:
    Continuous fraud detection and prevention services, including collaboration with law enforcement
    For biopharmaceutical companies where intellectual property protection is paramount, Syra Health is offering its customers:
    For healthcare providers responsible for upholding HIPAA (Health Insurance Portability and Accountability Act) and preventing sensitive patient health information from being disclosed, Syra Health now offers:
    "At Syra Health, our solutions are focused on prevention, affordability, and accessibility, said Dr. Deepika Vuppalanchi, CEO, Syra Health.

Ransomware Attacks Surged in 2023 With Disruptive and Often Dire Consequences

Retrieved on: 
Tuesday, January 9, 2024

TAMPA BAY, Fla., Jan. 9, 2024 /PRNewswire/ -- KnowBe4, the provider of the world's largest security awareness training and simulated phishing platform, today announced the release of its 2024 Ransomware Hostage Rescue Manual, which aims to assist organizations through all stages of a ransomware attack, including how to prevent them and steps to recover from an attack.  

Key Points: 
  • According to a Corvus insurance Q3 2023 report , there was a 95% increase year-over-year on ransomware leak sites, with many attacks increasing against law firms and municipalities.
  • Ransomware threatens to disrupt businesses, potentially even close them down and in some cases, prevent critical, life saving care.
  • "The Ransomware Hostage Rescue Manual was developed to provide organizations with the latest tactics and techniques available to effectively fight the latest threats stemming from ransomware attacks," said Stu Sjouwerman, CEO, KnowBe4.
  • Ransomware is a global problem with no region being free from attacks.