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The company's nearly $5 million ransom payment to hackers defies the conventional wisdom that companies shouldn't give in to cybercriminals' demands.
Victims of ransomware paid their attackers more than $1 billion last year, a new report has found, a record high.
San Bernardino County officials confirmed that hackers had been paid a $1.1-million ransom after a cyberattack on the Sheriff's Department, an unusual move for hacks involving law enforcement ...
LockBit is a cybercriminal group proposing ransomware as a service (RaaS). Software developed by the group (also called ransomware) enables malicious actors who are willing to pay for using it to carry out attacks in two tactics where they not only encrypt the victim's data and demand payment of a ransom, but also threaten to leak it publicly if their demands are not met.
The hackers behind one of the most disruptive health care cyberattacks in U.S. history recently received a payment of $22 million, and experts say this suggests the victims may have just paid the ...
It holds, for example, weekly summits for businesses to strengthen their digital defenses and prevent the use of anonymized cryptocurrency platforms as a means to pay ransom demands. [10] In the first half of 2022, the RTF reported a significant decline in ransomware attacks in the U.S. [ 11 ]
A key element in making ransomware work for the attacker is a convenient payment system that is hard to trace. A range of such payment methods have been used, including wire transfers , premium-rate text messages , [ 24 ] pre-paid voucher services such as paysafecard , [ 7 ] [ 25 ] [ 26 ] and the Bitcoin cryptocurrency .
“They paid a ransom, deal closed,” the Lockbit representative told Reuters via Tox, an online messaging app. ICBC paid ransom after hack that disrupted markets, cybercriminals say Skip to main ...