Tag Archives: ransomware

Ransomware most likely form of cyber attack on industry in near future

In a speech on 20 October at the annual Pensions and Lifetime Savings Association conference, Bell reflected that a move against a third-party administrator (TPA) was the most viable way to get money from schemes.

Usually a ransomware attack involves an individual or group sending an email to a targeted organisation or company.

This email is then opened by a member of that organisation which paralyses key functions of that firm’s internal systems.

Once a ransom has been paid to the criminals they might restore the paralysed system.

Bell explained how an attack on a TPA might work in practice.

“I think the first type of attack could be a ransomware used on an administrator to block services. These criminals are clever and set ransoms at a level which the organisation can pay and also be recovered from the insurers,” he said.  

Bell’s favourite example of a

Read more at: https://www.professionalpensions.com/professional-pensions/news/3019519/ransomware-most-likely-form-of-cyber-attack-on-industry-in-near-future

Ransomware: Security researchers spot emerging new strain of malware

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Magniber appears to be an experiment in ransomware targeting.


Image: iStock

A new form of ransomware is being distributed via the same method as one of the most successful families of file-locking malware, and may represent a new evolution of the menace.

Launched by malvertising attacks on compromised websites, the new

Read more at: http://www.zdnet.com/article/ransomware-security-researchers-spot-emerging-new-strain-of-malware/

This ransomware-spreading botnet will now screengrab your desktop too

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The Necurs hackers have added the ability to snoop into their regular malware payloads.


Image: iStock

Attackers behind one of the world’s most notorious botnets have added another string to their bow, allowing them to take screenshots of the desktops of victims infected with malware.

Having previously been inactive for much of

Read more at: http://www.zdnet.com/article/this-ransomware-spreading-botnet-will-now-screengrab-your-desktop-too/

Global ransomware sales rise more than 2500%, Carbon Black study finds – EU

The value of dark web ransomware sales rose 2,502% to $6.24 million (€5.27 million) over the past 12 months, compared to just over $249,000 in the previous year, according to a new report from US cyber security firm Carbon Black.

The company said it had identified over 6,300 locations where hackers had advertised ransomware services over the course of the past year, and over 45,000 product listings.

Prices for DIY ransomware software packages range from just $0.50 to as much as $3,000, but have a median price of $10.50, Carbon Black’s study reveals.

In some cases, ransomware vendors are raking in more than $100,000 a year by selling software designed to help hackers encrypt victims’ computer files and demand a payment in return for unlocking them.

Carbon Black warns that ransomware hackers are becoming more sophisticated, and are now leveraging cloud infrastructures to gain scale and speed.

The study found that the

Read more at: https://eu-ocs.com/global-ransomware-sales-rise-2500-carbon-black-study-finds/

Global ransomware sales rise more than 2,500%, Carbon Black … – EU

The value of dark web ransomware sales rose 2,502% to $6.24 million (€5.27 million) over the past 12 months, compared to just over $249,000 in the previous year, according to a new report from US cyber security firm Carbon Black.

The company said it had identified over 6,300 locations where hackers had advertised ransomware services over the course of the past year, and over 45,000 product listings.

Prices for DIY ransomware software packages range from just $0.50 to as much as $3,000, but have a median price of $10.50, Carbon Black’s study reveals.

In some cases, ransomware vendors are raking in more than $100,000 a year by selling software designed to help hackers encrypt victims’ computer files and demand a payment in return for unlocking them.

Carbon Black warns that ransomware hackers are becoming more sophisticated, and are now leveraging cloud infrastructures to gain scale and speed.

The study found that the

Read more at: https://eu-ocs.com/global-ransomware-sales-rise-2500-carbon-black-study-finds/

This nasty new Android ransomware encrypts your phone – and changes your PIN

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DoubleLocker ransomware doubles down on locking your Android phone.


Image: iStock

A new form of Android ransomware encrypts victims’ data and changes their PIN, making it almost impossible to get their files back without paying a ransom.

Dubbed DoubleLocker by researchers at ESET who discovered it, the ransomware is spread as

Read more at: http://www.zdnet.com/article/this-nasty-new-android-ransomware-encrypts-your-phone-and-changes-your-pin/

This nasty new Android ransomware encrypts your phone — and changes your PIN

locked-phone-screen-istock.jpg

DoubleLocker ransomware doubles down on locking your Android phone.


Image: iStock

A new form of Android ransomware encrypts victims’ data and changes their PIN, making it almost impossible to get their files back without paying a ransom.

Dubbed DoubleLocker by researchers at ESET who discovered it, the ransomware is spread as

Read more at: http://www.zdnet.com/article/this-nasty-new-android-ransomware-encrypts-your-phone-and-changes-your-pin/

This nasty new Android ransomware encrypts your phone — and …

locked-phone-screen-istock.jpg

DoubleLocker ransomware doubles down on locking your Android phone.


Image: iStock

A new form of Android ransomware encrypts victims’ data and changes their PIN, making it almost impossible to get their files back without paying a ransom.

Dubbed DoubleLocker by researchers at ESET who discovered it, the ransomware is spread as

Read more at: http://www.zdnet.com/article/this-nasty-new-android-ransomware-encrypts-your-phone-and-changes-your-pin/

The malware that won’t die: Is Locky reclaiming its title as king of ransomware?

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Ransomware is one of the top cyber threats to organisations.


Image: iStock

Not so long ago it was thought to be dead, but now Locky ransomware is back as one of the most commonly distributed forms of malware.

Locky attacks have been on the rise since August, but Check Point

Read more at: http://www.zdnet.com/article/the-malware-that-wont-die-is-locky-reclaiming-its-title-as-king-of-ransomware/

Ransomware is now big business on the dark web and malware developers are cashing in

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A criminal selling ransomware on the dark web can reportedly make over $100,000 a year.


Image: iStock

The total value of ransomware sales on dark web market places has rocketed from $250,000 to over $6m in just a year as demand for the file-encrypting malware grows.

Ransomware has hardly been

Read more at: http://www.zdnet.com/article/ransomware-is-now-big-business-on-the-dark-web-and-malware-developers-are-cashing-in/