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What Are The Dangers of Business Email Compromise?

What’s the most expensive cyberattack that businesses face today? If you said business email compromise (BEC) you’re right. The FBI IC3 2021 Internet Crime Report showed that BEC packed a powerful punch against U.S. businesses that year. BEC complainants to IC3 suffered $2,395,953,296 in losses in 2021, 28% higher than 2020’s record total of $1,866,642,107. These 10 facts about business …

Microsoft Believes AI Can Help Prevent Ransomware In The Future

Recently, Microsoft published a fascinating blog post. In the blog post, they said they were experimenting with “novel approaches” when it comes to harnessing the power of AI to spot threats on the threat landscape before they become a problem. In particular, the company is focused on stopping ransomware attacks while they’re still in their earliest stages. To get even …

Ransomware Hackers Have Set Their Sights On Exchange Servers

Microsoft Exchange servers are once more in the crosshairs of hackers around the world.  Most recently, hacking groups have been specifically targeting them to deploy BlackCat ransomware. As is common among ransomware attacks, the hackers here first rifle through an infected network, looking for login credentials, proprietary information, and other sensitive files that they can copy and exfiltrate.  They exploit …

Hackers Are Teaming Up To Wreak Havoc On Corporate Users

It’s never a good thing when well-organized groups of hackers start working together, but that’s what appears to be happening. Recently, evidence has emerged that the Black Basta ransomware gang has begun tight-knit cooperation with the infamous QBot malware operation. They share the specific goal of inflicting maximum damage on corporate targets. While many different groups make use of QBot …

Intel Users Should Update Firmware To Avoid This Ransomware

Not long ago, researchers at Eclypsium got a lucky break.  An unknown and unidentified individual began leaking communications from inside the Conti ransomware organization. These leaked communications seemed to confirm what has long been suspected:  That there are strong ties between the Conti gang and Russia’s FSB (military intelligence). This sounds like something right out of a spy movie, but …

Tricky Ransomware Encrypts Small Data But Overwrites Large Data

The MalwareHunterTeam recently discovered a new ransomware operation that is particularly nasty.  Called Onyx, outwardly, the operation does what most ransomware campaigns do.  It gets inside a corporate network, exfiltrates the data that it wants, then seems to encrypt the rest, and then threatens to release the files to the broader public unless their demands for payment are met. An …

New Delivery Method For Ransomware Discovered Called Bumblebee

Some interesting and disturbing changes are afoot in the hacking world.  It appears that the TrickBot gang is now working for the Conti Syndicate. TrickBot is a well-known group of botnet developers responsible for the creation of the BazarLoader. BazarLoader has been used by Conti in the past as their delivery system of choice when it comes to delivering ransomware …

Microsoft Exchange Servers Targeted By Hackers

If you rely on a Microsoft Exchange server to handle email for your company, there is something you should be aware of. Recent research by security and analytics company Varonis has discovered that an affiliate of Hive ransomware has begun targeting Exchange servers that are vulnerable to ProxyShell security issues. If the group in question finds a vulnerable server, they’ll …

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New Wave of Supply Chain Cyber Attacks Expected

Throughout April, Shanghai and other major cities in China have been on lockdown due to recent COVID-19 outbreaks. Along with the ongoing war in Ukraine, these lockdowns have drastically impacted supply chains for industries around the world. We expect to see another wave of supply chain-related phishing and social engineering attacks. Cybercriminals could use this news to spoof shipping delay …