A flood of phishing has been swamping businesses, with a record 1 million phishing attacks logged by the Anti-Phishing Working Group in Q1 2022. That wave of phishing attacks isn’t all just cybercriminals casting wide nets to catch as many victims as they can. While most cyberattacks are opportunistic, some …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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 …