Ransomware Now Sends Malicious Texts Through Mobile Device

If you own an Android device, there’s a new threat to be at least moderately concerned about.  It takes the form of a new ransomware family that spreads from one victim to the next with text messages that contain poisoned links to every contact on an infected device. The ESET research team that found the software had this to say …

Florida City Paid Big Bucks To Hackers Using Ransomware  

The city of Riviera Beach, Florida is the latest high-profile victim of a ransomware attack. Recently, the city council voted to pay more than $600,000 to a hacking group to regain access to data that had been locked and encrypted via ransomware nearly a month ago.  That is in addition to the $941,000 the city will be paying for new …

New Ransomware Looks Like An Anti-Virus Installation

Dharma is a highly successful ransomware strain. It recently has been made even more successful by a change in the way the hackers controlling it are deploying it. The first part of their latest campaign remains unchanged.  They rely on well-crafted phishing emails to lure employees in. The key difference, however, lies in the particulars of the newly crafted emails. …

2019 Sees A Huge Rise In Ransomware Attacks

According to FBI statistics, in 2013 there were 991 tracked incidents of ransomware attacks against business, resulting in losses slightly exceeding half a million dollars. The number of incidents steadily increased through 2016 when they reached 2,673 for the year, with total losses just shy of two and a half million dollars. During the 2017-2018 period, the overall number of …

Hackers Are Now Using Remote Desktop Services For Ransomware

Ransomware continues to be the weapon of choice for hackers around the world, but their distribution methods are evolving.  Recently, a new strain of the ransomware known as CryptoMix was found in the wild, sporting a new distribution methodology. Hackers are beginning to target publicly exposed remote desktop services and installing their poisoned software manually. In the case of the …

Ransomware Attackers Targeting Larger Companies For More Money

If you haven’t heard of the GrandCrab ransomware strain, it’s something you should put on your company’s radar.  It first emerged as a viable threat in early 2018. Since that time, its creators have been constantly tweaking and honing their approach, turning it into a devastatingly effective strain. The latest version GrandCrab 5.2 was released in February 2019, and researchers …

Average Ransomware Attack Payments Total $6,700 Per Incident

How much does a successful ransomware attack cost a victim on average?  The numbers will terrify you. Based on the latest statistics compiled by Coveware, each incident of a compromised computer costs a whopping $6,733, which is a hefty 13 percent increase from just one quarter ago. Part of the increase stems from the fact that some strains known for …

Watch Out For New Ransomware Called Phobos

There’s a new strain of ransomware making the rounds, and it’s a nasty piece of work. Called Phobos by its creators, the latest threat on the ransomware scene first made an appearance in December of 2018. While details are sketchy, what we know so far about it is grim indeed. Researchers at CoveWare have been dissecting and sifting through the …

Ransomware Can Make Installing Illegal Software More Risky

Most reputable businesses don’t deal in illegal copies of commercial software, but there have been a few reported instances. There’s always the possibility that a cash-strapped individual that’s eager to do additional work from home might resort to installing a ‘cracked’ free copy of a program. Unfortunately, those who opt to go that route now run even greater risks than …

New Ransomware Encrypts Data And Steals Payment Info

There’s a new strain of ransomware being deployed with increasing frequency.  Believe it or not, it’s even more dangerous than the strains we’ve seen in recent months. Unlike other types of ransomware, this one not only encrypts your files and demands payment (which is bad enough) but it also attempts to steal your credit card information via a PayPal phishing …