Cyber extortion remains the most prominent threat facing businesses of all sizes across all industries, a new report from Orange Cyberdefense has found.
The 2024 Cy-Explorer report worryingly uncovered that the number of victims of cyber extortion scams has grown by 77% year on year. In Q1 of 2024 alone, there were 1,046 organizations that were the victims of double-extortion. The actual figure for victims of ransomware attacks is likely to be much higher – known as the “dark number” – due to the stats on cyber extortion being gathered from observable data on dark web leak sites.
Read more…
Source: MSN News
Related:
- Travelex Pays $2.3M in Bitcoin to Hackers Who Hijacked Network in January
April 10, 2020
Travelex has paid out $2.3 million in Bitcoin to hackers to regain access to its global network after a malware attack at the new year knocked the global currency exchange offline and crippled its business during the month of January. The move—reported by the Wall Street Journal—may seem counterintuitive, as experts in the past have typically recommended that companies ...
- Dutch police take down 15 DDoS services in a week
April 10, 2020
In a press release published today, Dutch police said they have successfully taken down 15 DDoS-for-hire services in the span of a week, as part of one of their most successful crackdowns against online DDoS service providers. The DDoS-for-hire websites, also known as DDoS booters or DDoS stressors, allowed users to sign up and launch DDoS ...
- Hackers struggle morally and economically over Coronavirus
April 9, 2020
With the Coronavirus pandemic in full swing, threat actors are torn about how they should operate during the pandemic, and like everyone else, are also seeing a downturn in the underground hacker marketplace. In mid-March, BleepingComputer asked numerous ransomware operators whether they would stop targeting health care companies during the Coronavirus pandemic. Some operators stated they would no ...
- Unique P2P Architecture Gives DDG Botnet ‘Unstoppable’ Status
April 9, 2020
The coin-mining botnet known as DDG has seen a flurry of activity since the beginning of the year, releasing 16 different updates over the course of the past three months. Most notably, its operators have adopted a proprietary peer-to-peer (P2P) mechanism that has turned the DDG into a highly sophisticated, “seemingly unstoppable” threat, according to ...
- Copycat Site Serves Up Raccoon Stealer
April 9, 2020
Someone is targeting web denizens with a malicious, copycat Malwarebytes website, which serves up the Raccoon information stealer malware to unsuspecting visitors. According to the security firm itself, the attackers set up the domain “malwarebytes-freecom” with a domain registrar in Russia in late March. “We don’t expect to hear from either the registrar or hosting provider,” ...
- FIN6 and TrickBot Combine Forces in ‘Anchor’ Attacks
April 7, 2020
Researchers say, two cybercriminal groups, FIN6 and the operators of the TrickBot malware, have paired up together to target several organizations with TrickBot’s malware framework called “Anchor.” The two threat groups joining forces is a “new and dangerous twist” in an existing trend of cybercrime groups working together, say researchers with IBM X-Force. The FIN6 group (also known as “ITG08”) has ...