Targeted ransomware attacks continue to increase as gangs seek to obtain bigger ransom payoffs by hitting larger targets, aided by a cybercrime services economy that provides access to tools and tactics that were previously the domain of APT groups, security experts warn.
RSA 2020 touched on a number of topics, including the security of elections and supply chains, plus AI, zero trust and frameworks, among many others. But from sessions on cryptography, to this year's lower attendance, to the antibacterial dispensers dotted around venues, concerns over COVID-19 also dominated.
Visser Precision, a U.S. manufacturer that supplies Boeing, Lockheed Martin, Tesla and SpaceX, appears to have been hit by the DoppelPaymer ransomware gang, which has begun leaking internal data and threatening to leak more unless the victim pays a ransom.
Targeted ransomware attacks against enterprises and government agencies are likely to surge in the coming months as "ransomware as a service" continues to evolve into a lucrative model for cybercriminals, security experts interviewed at RSA 2020 warn.
Ransomware-wielding attackers - aided by a service economy that gives them access to more advanced attack tools - are increasingly targeting organizations rather than individuals to shake them down for bigger ransom payoffs, says McAfee's John Fokker.
The 2016 U.S. presidential election served as a wake-up call for lawmakers and the public about the threat that cyberattackers can pose to the country's democracy, CISA Director Christopher Krebs said at the RSA 2020 conference. Election security and ransomware remain his agency's two biggest concerns.
ISS World, a global facilities maintenance company based in Denmark, says it's gradually restoring its systems after a malware attack on Monday. The company says it has identified the root cause but has not said if ransomware was involved.
A home healthcare company has filed 17 breach reports after a ransomware attack on its cloud-based electronic health records vendor last December, illustrating once again how a vendor breach can have a wide impact.
Hacked-off patients are suing New Jersey healthcare organization Hackensack Meridian Health for damages after it suffered a ransomware attack last December and paid attackers an unspecified ransom to unlock its systems.
Cybercrime led to $3.5 billion in losses in the U.S. last year, with a sharp uptick in business email compromise scams - which accounted for nearly half those losses, according to a newly released FBI Internet Crime Report, which is based on complaints the FBI received.
State government officials told a Senate committee this week that more federal resources are needed to help states combat security cyberthreats, including ransomware. They also asked federal officials to share more information on looming security issues.