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16 November: An attempt at digital extortion, also known as a ransomware attack, is confirmed by the Library. [ 9 ] 20 November: Rhysida claims responsibility for the breach and launches a week-long auction for 490,191 files of data on the dark web , opening bidding at 20 bitcoin , at the time equivalent to about £ 596,000, for a single buyer.
Royal ransomware quickly gained recognition as one of the most prolific ransomware groups in the fourth quarter of 2022, ranking only behind LockBit and BlackCat. According to data from the leak sites of these ransomware groups, Royal accounted for 10.7% of the successful attacks during that three-month period.
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 rapid development of novel Artificial Intelligence (AI) tools will lead to an increase in cyberattacks and lower the barrier of entry for less sophisticated hackers to do digital harm, Britain ...
The global revenue from ransomware attacks was approximately $20 billion in 2020, highlighting the significant financial success of RaaS. [3] Microsoft Threat Intelligence Centre (MSTIC) regards RaaS as different from previous forms of ransomware as it no longer has a tight link between tools, initial entry vector and payload choices. [5]
These attacks are wide-ranging, global and do not seem to discriminate among governments and companies. Operation Shady RAT; World of Hell; Red October, discovered in 2012, was reportedly operating worldwide for up to five years prior to discovery, transmitting information ranging from diplomatic secrets to personal information, including from mobile devices.
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It is estimated that the average cost of a data breach will be over $150 million by 2020, with the global annual cost forecast to be $2.1 trillion. [ 2 ] [ 3 ] As a result of data breaches, it is estimated that in first half of 2018 alone, about 4.5 billion records were exposed. [ 4 ]