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Ransomware and Cyber-Extortion Payments Double in 2020 - Security information - NewsLocker

Ransomware and Cyber-Extortion Payments Double in 2020The entire worth of ransom price range doubled yr-on-yr during the primary six months of 2020.Based on incidents reported to Beazley’s in-house breach reaction group, BBR Services, ransomware attacks increased by the use of every severity and costs this year in comparability with 2019 and have change into the biggest cyber-risk coping with organizations.Paul Bantick, Beazley’s world head of cyber and know-how, said: “Our underwriting, claims
Ransomware and Cyber-Extortion Payments Double in 2020The total cost of ransom payments doubled year-on-year during the first six months of 2020.Based on incidents reported to Beazley’s in-house breach response team, BBR Services, ransomware attacks increased in terms of both severity and costs this year compared to 2019 and have become the biggest cyber-threat facing organizations.Paul Bantick, Beazley’s global head of cyber and technology, said: “Our underwriting, claims

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  2. "FBI Investigates COVID-19 Patient Data BreachThe FBI is investigating a data breach that exposed the personal information of South Dakota residents who had contracted COVID-19.The data breach took place in June when adatabaseshared between the Department of Health and law enforcement agencies was exposed by a third-party vendor". (August 27, 2020)
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  5. "INTERPOL: Cybercrime Growing at an Alarming Pace Due to #COVID19Cybercrime is growing at an alarming pace as a result of the ongoing COVID-19 crisisand is expected to accelerate even further, a new report from INTERPOL has found.It revealed the extent to which cyber-criminals are taking advantage of the increasing reliance on digital technology over recent months". (August 13, 2020)
  6. "Poor Cybersecurity Behaviors Prevalent Amongst UK Remote WorkersNearly a quarter (23%) of UK office workers rely on unauthorized devices to work from home, a new study by CybSafe has found.The research revealed that poor personal cybersecurity practices are commonplace amongst workers operating outside of corporate environments, which is worrying ashome working is expected to become far more prevalent following the COVID-19 crisis". (August 21, 2020)
  7. "Aviation Industry Lacks Cohesive Cybersecurity ApproachA new study published today by the World Economic Forum (WEF) has identified the need for cybersecurity practices within the aviation sector to be unified.ThestudyPathways to a Cyber Resilient Aviation Industrydescribes how airlines, airports, and aircraft manufacturerscurrently take different approaches to countering cyber-risks". (April 15, 2021)
  8. "Police Reportedly Arrest Egregor Ransomware MembersFrench and Ukrainian police have been in action disrupting the Egregor ransomware group with several arrests last week, according to reports.The suspects were traced via analysis of Blockchain records after victims of the ransomware paid their extorters in Bitcoin, according to public radio channel,France Inter". (February 17, 2021)
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  10. "Illinois Is State Hit Hardest by Cybercrime The highest concentration of cybercrime victims in the United States can be found in Illinois, according to a recent study byClario.The London-based cybersecurity company analyzed cybercrime data in the UK and the USto determine which geographical areas were hardest hit by attackers.In the US, Illinois topped the table with 14.6 victims per 1,000 people". (February 11, 2021)
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