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 …