Ransomware attacks News

Deductibility is a piece of a bigger quandary stemming from the rise in ransomware attacks, in which cybercriminals scramble computer data and demand payment for unlocking the files. The government doesn't want payments that fund criminal gangs and could encourage more attacks. A ransomware attack on Colonial Pipeline last month led to gas shortages in parts of the United States.

The recovery cost from ransomware attack’s impact trippled to $3.38 billion in 2021. The findings showed that 67 per cent of Indian organizations whose data was encrypted paid a ransom. The survey polled 5,400 IT decision makers in mid-sized organisations in 30 countries.

Ransomware attacks have prompted Microsoft to sign an agreement to acquire Hexadite, a US-headquartered company that delivers agentless, automatic incident investigation and remediation solutions.

As global ransomware attacks show no signs of slowing down, the volume of mobile ransomware has grown over three-fold during the first quarter of the year, a cyber security firm said on Friday.

After a host of different ransomware attacks that hit enterprises across the globe, security researchers have now identified a new strain of malware "EternalRocks" that is more dangerous than WannaCry and is potentially tougher to fight.  

The White House said on Monday that less than $70,000 has been paid in the ransomware attack globally.

Companies around the globe are preparing for an imminent cyber attack as the offices re-open on Monday, media reports said.  

With more and more people worldwide preferring online transactions, cyber criminals are using the 'fake technical support' model to steal consumer data, says a report by security software firm Symantec.

Ransomware is a type of malware that prevents or limits users from accessing their system.