As many as 78% of Indian organisations were hit with ransomware in 2021, up from 68% in 2020, and some of the entities paid over Rs 76 crore as ransom to get their data back, cybersecurity firm Sophos said in the report. As per the report, the average ransom paid by Indian organizations that had data encrypted in their most significant ransomware attack was USD 1,198,475 (around Rs 9 crore) with 10 percent of victims paying ransoms of USD 1 million or more and some 10% of victims paid ransoms of $1 million or more. Three companies in the survey admitted to having paid a ransom of USD 10 million and more to get back their data and keep it safe. The ransomware situation in India is worrying. The numbers of victims, ransom payments and the impact of these attacks continued to rise during 2021, at considerable cost. The survey covered the impact of ransomware on 5,600 mid-sized organizations in 31 countries across Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa, including 300 in India. The report found that 78 percent of organizations that had data encrypted in a ransomware attack paid the ransom in 2021 and it was the highest rate of ransom payment reported across all 31 countries surveyed.
Ransomware attacks include attackers sending malware to your phones and other devices, which then proceeds to infect your devices and servers, eventually locking you out of them and preventing any access to your files and data. At this point attackers usually demand a ransom in exchange for getting access to your files again. While the average expense of recovering from an incident declined to USD 2.8 million from USD 3.4 million in 2020, it remains a significant number that should be sounding alarm bells among management teams of Indian firms. In 2021, the percentage of victim organisations directly impacted by ransomware increased from 68 to 78 per cent. Ransomware isn't something that might happen, it is something that will happen if
By VARINDIA| 128 views
New wave of Ransomware Attacks targeting ESXi Servers through VMware Bug #shorts
By VARINDIA| 165 views
Emergence of New Ransomware Families Targeting Influencers | Latest Technology News | Exclusive Info
86% of the data breaches analysed were financially motivated.
We have witnessed unique shifts in the world of cybercriminals, too. It is quite evident that, threat actors have had a productive year – learning new tactics and techniques, sharpening their tools, formulating new ways to victimise the already battered enterprises, organisations, and individuals globally. In the ransomware field, 2020 was the year of Ransomware 2.0. It was the most productive year for ransomware families who moved from hostaging data to exfiltrating data, coupled with blackmailing. We have discussed extensively about the founder of this tactic, Maze ransomware, and have since detected followers of this type of threat such as Ragnar Locker. There is re-emergence as the pandemic rages on last year --- REvil and JSWorm and Netfilim.
Hackers use special types of malware such as ransomware and spyware to steal data and lock compromised devices. Sometimes, hackers breach companies or government agencies’ databases to gain access to their data. They then demand extortion money for not revealing their trade secrets or other sensitive information in the public domain. Some hackers are programmers who write the code for various types of malware, including worms, trojans, viruses, scareware, and rootkits, etc. They can either use these malware programs or sell them to other cybercriminals. Some companies hire hackers to attack in multiple ways, including using brute force attacks, SQL injections, cross-site scripting and deploying DDoS attacks. This type of attack essentially overwhelms the organization’s web servers, making them unavailable for the customers. They may also choose to leak confidential customer data to ruin the rival’s reputation.
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By VARINDIA| 123 views
Businesses are losing the battle when it comes to defending against ransomware attacks, according to the Veeam 2022 Ransomware Trends Report, which found that 72% of organizations had partial or complete attacks on their backup repositories, dramatically impacting the ability to recover data without paying the ransom. Veeam found that 80% of successful attacks targeted known vulnerabilities — reinforcing the importance of patching and upgrading software. Almost all attackers attempted to destroy backup repositories to disable the victim’s ability to recover without paying the ransom. The report reveals the results of an independent research firm that surveyed 1,000 IT leaders whose organizations had been successfully attacked by ransomware at least once during the past 12 months, making it one of the largest reports of its kind. The first of its kind study examines the key learnings from these incidents, their impact on IT environments and the steps taken to implement Modern Data Protection strategies that ensure business continuity moving forward. The research project specifically surveyed four IT personas (CISOs, Security Professionals, Backup Administrators and IT Operations) to understand cyber-preparedness alignment across organizations. Ransomware has democratized data theft and requires a collaborative doubling down from organizations across every industry to maximize their ability to remediate and recover without paying the ransom. Experts say paying cybercriminals to restore data is not a data protection strategy. There is no guarantee of recovering data, the risks of reputational damage and loss of customer confidence are high, and most importantly, this feeds a self-fulfilling prophecy that rewards criminal activity.
The survey further says that, the majority (76%) of cyber-victims paid the ransom to end an attack and recover data. Unfortunately, while 52% paid the ransom and were able to recover data, 24% paid the ransom but were still not able
By VARINDIA| 123 views
#Ransomware and malware families hit cryptocurrency users in the US #shortsvideo
By VARINDIA| 117 views
It is Wise to invest on Data back-up rather than pay the Ransomware | Important Daily Life Updates for Public | VAR India | Latest 2021
Backup and recovery organisations help in the process of creating and storing copies of data that can be used to protect organizations against data loss. Even as India faces its worst economic crisis in almost three decades, local crypto trading, especially on peer-to-peer exchanges, has peaked. Anticipating a favourable result, not only did new crypto exchanges and bitcoin trading platforms launched in India, but some also relaunched their apps. Trading app scammers prey on vulnerable people online and lure them into investing into these apps with schemes and investment opportunities that are really just a pack of lies. Most of the cyber incidents create multiple challenges for organisations and Ransomware is right on the top, since it brings uncertainty along with panic across the organisation. More than half of all businesses that are victims of a cyber-attack or data breach are subsequently subject to public scrutiny and suffer losses in brand reputation, customer loyalty, and customer trust.
Anyone can be at risk of a data breach — from individuals to high-level enterprises and governments. More importantly, anyone can put others at risk if they are not protected. In general, data breaches happen due to weaknesses in: Technology and User behavior. While enterprises build a robust security infrastructure for their networks, they often fail to protect themselves from the two other equally important aspects: Human error and third party services/ providers. The weaknesses in technology can be either at the organization's end or it can be a security flaw of the third party/ supply chain provider of an organization. A report says, increasing volume of ransomware now comes via exposed remote desktop protocol (RDP) services or unpatched remote access devices.
Follow Us On :-
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By VARINDIA| 94 views
Ransomware industry moving steadily
Ransomware is like the current pandemic, it gives a feeling of being both distant and not dangerous, when in the midst of it you understand what it really is. You don’t know what has hit you and where to go. Ransomware has been steadily gaining ground for the last few years, but for those unaffected, it seemed to be an academic exercise. At the same time , the whole World has ended up paying ransom in the recent past. If we go by some of the ransom payments this year; $2.3 million by Travelex, Colonial Pipelines $5 million, JBS $11 million, Garmin was demanded $10 million but payment not known, Cognizant April 2021 payment not known etc. In the last two cases the data was decrypted, so you can come to your own fair judgement. This gives a clear indication of the fact that the ransomware industry is moving steadily in the direction of targeted ransomware attacks. They feel that is where the money is and they have been proven right.
The technical, social engineering and business acumen professionalism which these hackers have gained over the years have emboldened them to go in for bigger catches. They have realised that they have the skills by which they can turn the world upside down and they are doing it. Every single case proves their hypothesis. The world is just not ready to handle a crime of this nature. WannaCry was a test case of crowdsourcing ransom. Its spread was phenomenal, nobody knew what was the quantum of actual proceeds? The surprising part is, even after the ransom was paid, the copy of the data remained with them, which is then offered for further extortion; financial blackmail, sell it to business competitors; simply, make maximum money out of that data, whichever way. To add to the agony nearly 36% of the companies / victims face a second attack by the same hackers.
Follow Us On :-
https://www.facebook.com/VARINDIAMagazine/
https://twitte
By VARINDIA| 119 views
MSI is the newest victim of a Ransomware Attack #shortsvideo
By VARINDIA| 100 views
#kaseyaransomware #ShashiTharoor #HPE
KASEYA RANSOMWARE – IT’S A WAR!
Ransomware should not be treated as a Cybercrime in every case. The context decides what it is actually meant for. The response of the state even if unstated makes it crystal clear, depending on how the state views a ransomware attack or a series of it or something unleashed globally. Launching an attack at the start of the July holiday can have its own connotation, besides the comfort of time that many of the victims would not even come to know of, until getting back to work on Monday. America is at war, another invisible enemy, the heat can be felt all over. It's like the Pandemic, the virus was not to be seen but the devastation put the country out of gear. The difference is that there is no vaccine for ransomware. The recent ransomware attacks have made organizations bleed. The biggest ransom is the complete loss of trust and credibility of business enterprises and the government.
The Kaseya ransomware attack was close on the heels of a discussion just last month with President Putin who had to stop providing safe haven to REvil and other ransomware in the relentless extortionary attack on businesses on US soil. The present ransomware attack also seems to be of REvil type origin. The US deems it as a National Security threat and so is it. The NSA said that the US President had directed the full resources of the government to investigate the incident. Since Friday, the United States Government has been working across inter-agency to assess the Kaseya ransomware incident and assist in the response. The attackers were able to exploit zero-day vulnerabilities in the VSA product to bypass authentication and run arbitrary command execution, it is undoubtedly an extraordinary situation and the President has urged companies to report to the Internet Crime Complaints Center.
Today's Headline in NewsHours
0:00 Intro
2:06 Govt has created a
By VARINDIA| 122 views
With the ever-changing landscape of online criminal activity, Data exfiltration has been creating havoc for security teams for a long time. The loss of sensitive data has caused a lot of harm to many organisations. Cuba ransomware has emerged as a formidable player, unleashing a series of high-profile attacks in late 2021. With its expansive infrastructure, sophisticated tools, and malicious intent, #Cubaransomware has become a significant threat, demanding large sums from victims.
Cuba ransomware actors have been known to use compromised credentials to get into a victim's network. Cuba ransomware actors may leverage external-facing remote services to gain initial access to a victim's network. Cuba ransomware actors are known to exploit vulnerabilities in public-facing systems.
Today's Headline in NewsHours
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2:56 #Apple eliminates multiple loan apps from App Store over violation of policy
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4:05 2 Android apps discovered transferring user data to China
4:35 #Welspun Corp names Sivasubramanian M as Chief Digital Officer
5:15 #Google experimenting AI chatbot which responds to medical queries
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As many as 78% of Indian organisations were hit with ransomware in 2021, up from 68% in 2020, and some of the entities paid over Rs 76 crore as ransom to get their data back, cybersecurity firm Sophos said in the report. As per the report, the average ransom paid by Indian organizations that had data encrypted in their most significant ransomware attack was USD 1,198,475 (around Rs 9 crore) with 10 percent of victims paying ransoms of USD 1 million or more and some 10% of victims paid ransoms of $1 million or more. Three companies in the survey admitted to having paid a ransom of USD 10 million and more to get back their data and keep it safe. The ransomware situation in India is worrying. The numbers of victims, ransom payments and the impact of these attacks continued to rise during 2021, at considerable cost. The survey covered the impact of ransomware on 5,600 mid-sized organizations in 31 countries across Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa, including 300 in India. The report found that 78 percent of organizations that had data encrypted in a ransomware attack paid the ransom in 2021 and it was the highest rate of ransom payment reported across all 31 countries surveyed.
Ransomware attacks include attackers sending malware to your phones and other devices, which then proceeds to infect your devices and servers, eventually locking you out of them and preventing any access to your files and data. At this point attackers usually demand a ransom in exchange for getting access to your files again. While the average expense of recovering from an incident declined to USD 2.8 million from USD 3.4 million in 2020, it remains a significant number that should be sounding alarm bells among management teams of Indian firms. In 2021, the percentage of victim organisations directly impacted by ransomware increased from 68 to 78 per cent. Ransomware isn't something that might happen, it is something that will happen if
By VARINDIA| 128 views
New wave of Ransomware Attacks targeting ESXi Servers through VMware Bug #shorts
By VARINDIA| 165 views
Emergence of New Ransomware Families Targeting Influencers | Latest Technology News | Exclusive Info
86% of the data breaches analysed were financially motivated.
We have witnessed unique shifts in the world of cybercriminals, too. It is quite evident that, threat actors have had a productive year – learning new tactics and techniques, sharpening their tools, formulating new ways to victimise the already battered enterprises, organisations, and individuals globally. In the ransomware field, 2020 was the year of Ransomware 2.0. It was the most productive year for ransomware families who moved from hostaging data to exfiltrating data, coupled with blackmailing. We have discussed extensively about the founder of this tactic, Maze ransomware, and have since detected followers of this type of threat such as Ragnar Locker. There is re-emergence as the pandemic rages on last year --- REvil and JSWorm and Netfilim.
Hackers use special types of malware such as ransomware and spyware to steal data and lock compromised devices. Sometimes, hackers breach companies or government agencies’ databases to gain access to their data. They then demand extortion money for not revealing their trade secrets or other sensitive information in the public domain. Some hackers are programmers who write the code for various types of malware, including worms, trojans, viruses, scareware, and rootkits, etc. They can either use these malware programs or sell them to other cybercriminals. Some companies hire hackers to attack in multiple ways, including using brute force attacks, SQL injections, cross-site scripting and deploying DDoS attacks. This type of attack essentially overwhelms the organization’s web servers, making them unavailable for the customers. They may also choose to leak confidential customer data to ruin the rival’s reputation.
Follow Us On :-
https://www.facebook.com/VARINDIAMagazine/
https://twitter.com/varindiamag
By VARINDIA| 123 views
Businesses are losing the battle when it comes to defending against ransomware attacks, according to the Veeam 2022 Ransomware Trends Report, which found that 72% of organizations had partial or complete attacks on their backup repositories, dramatically impacting the ability to recover data without paying the ransom. Veeam found that 80% of successful attacks targeted known vulnerabilities — reinforcing the importance of patching and upgrading software. Almost all attackers attempted to destroy backup repositories to disable the victim’s ability to recover without paying the ransom. The report reveals the results of an independent research firm that surveyed 1,000 IT leaders whose organizations had been successfully attacked by ransomware at least once during the past 12 months, making it one of the largest reports of its kind. The first of its kind study examines the key learnings from these incidents, their impact on IT environments and the steps taken to implement Modern Data Protection strategies that ensure business continuity moving forward. The research project specifically surveyed four IT personas (CISOs, Security Professionals, Backup Administrators and IT Operations) to understand cyber-preparedness alignment across organizations. Ransomware has democratized data theft and requires a collaborative doubling down from organizations across every industry to maximize their ability to remediate and recover without paying the ransom. Experts say paying cybercriminals to restore data is not a data protection strategy. There is no guarantee of recovering data, the risks of reputational damage and loss of customer confidence are high, and most importantly, this feeds a self-fulfilling prophecy that rewards criminal activity.
The survey further says that, the majority (76%) of cyber-victims paid the ransom to end an attack and recover data. Unfortunately, while 52% paid the ransom and were able to recover data, 24% paid the ransom but were still not able
By VARINDIA| 123 views
#Ransomware and malware families hit cryptocurrency users in the US #shortsvideo
By VARINDIA| 117 views
It is Wise to invest on Data back-up rather than pay the Ransomware | Important Daily Life Updates for Public | VAR India | Latest 2021
Backup and recovery organisations help in the process of creating and storing copies of data that can be used to protect organizations against data loss. Even as India faces its worst economic crisis in almost three decades, local crypto trading, especially on peer-to-peer exchanges, has peaked. Anticipating a favourable result, not only did new crypto exchanges and bitcoin trading platforms launched in India, but some also relaunched their apps. Trading app scammers prey on vulnerable people online and lure them into investing into these apps with schemes and investment opportunities that are really just a pack of lies. Most of the cyber incidents create multiple challenges for organisations and Ransomware is right on the top, since it brings uncertainty along with panic across the organisation. More than half of all businesses that are victims of a cyber-attack or data breach are subsequently subject to public scrutiny and suffer losses in brand reputation, customer loyalty, and customer trust.
Anyone can be at risk of a data breach — from individuals to high-level enterprises and governments. More importantly, anyone can put others at risk if they are not protected. In general, data breaches happen due to weaknesses in: Technology and User behavior. While enterprises build a robust security infrastructure for their networks, they often fail to protect themselves from the two other equally important aspects: Human error and third party services/ providers. The weaknesses in technology can be either at the organization's end or it can be a security flaw of the third party/ supply chain provider of an organization. A report says, increasing volume of ransomware now comes via exposed remote desktop protocol (RDP) services or unpatched remote access devices.
Follow Us On :-
htt
By VARINDIA| 94 views
Ransomware industry moving steadily
Ransomware is like the current pandemic, it gives a feeling of being both distant and not dangerous, when in the midst of it you understand what it really is. You don’t know what has hit you and where to go. Ransomware has been steadily gaining ground for the last few years, but for those unaffected, it seemed to be an academic exercise. At the same time , the whole World has ended up paying ransom in the recent past. If we go by some of the ransom payments this year; $2.3 million by Travelex, Colonial Pipelines $5 million, JBS $11 million, Garmin was demanded $10 million but payment not known, Cognizant April 2021 payment not known etc. In the last two cases the data was decrypted, so you can come to your own fair judgement. This gives a clear indication of the fact that the ransomware industry is moving steadily in the direction of targeted ransomware attacks. They feel that is where the money is and they have been proven right.
The technical, social engineering and business acumen professionalism which these hackers have gained over the years have emboldened them to go in for bigger catches. They have realised that they have the skills by which they can turn the world upside down and they are doing it. Every single case proves their hypothesis. The world is just not ready to handle a crime of this nature. WannaCry was a test case of crowdsourcing ransom. Its spread was phenomenal, nobody knew what was the quantum of actual proceeds? The surprising part is, even after the ransom was paid, the copy of the data remained with them, which is then offered for further extortion; financial blackmail, sell it to business competitors; simply, make maximum money out of that data, whichever way. To add to the agony nearly 36% of the companies / victims face a second attack by the same hackers.
Follow Us On :-
https://www.facebook.com/VARINDIAMagazine/
https://twitte
By VARINDIA| 119 views
MSI is the newest victim of a Ransomware Attack #shortsvideo
By VARINDIA| 100 views
#kaseyaransomware #ShashiTharoor #HPE
KASEYA RANSOMWARE – IT’S A WAR!
Ransomware should not be treated as a Cybercrime in every case. The context decides what it is actually meant for. The response of the state even if unstated makes it crystal clear, depending on how the state views a ransomware attack or a series of it or something unleashed globally. Launching an attack at the start of the July holiday can have its own connotation, besides the comfort of time that many of the victims would not even come to know of, until getting back to work on Monday. America is at war, another invisible enemy, the heat can be felt all over. It's like the Pandemic, the virus was not to be seen but the devastation put the country out of gear. The difference is that there is no vaccine for ransomware. The recent ransomware attacks have made organizations bleed. The biggest ransom is the complete loss of trust and credibility of business enterprises and the government.
The Kaseya ransomware attack was close on the heels of a discussion just last month with President Putin who had to stop providing safe haven to REvil and other ransomware in the relentless extortionary attack on businesses on US soil. The present ransomware attack also seems to be of REvil type origin. The US deems it as a National Security threat and so is it. The NSA said that the US President had directed the full resources of the government to investigate the incident. Since Friday, the United States Government has been working across inter-agency to assess the Kaseya ransomware incident and assist in the response. The attackers were able to exploit zero-day vulnerabilities in the VSA product to bypass authentication and run arbitrary command execution, it is undoubtedly an extraordinary situation and the President has urged companies to report to the Internet Crime Complaints Center.
Today's Headline in NewsHours
0:00 Intro
2:06 Govt has created a
By VARINDIA| 122 views
Bigg Boss 18 | Gharwalon Ne Kiya Avinash Mishra Ko EVICT
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Bigg Boss 18 | Gharwalon Ne Kiya Avinash Mishra Ko EVICT
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Poulomi Das Eviction Explosive Interview - Bigg Boss OTT 3
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Poulomi Das Eviction Explosive Interview - Bigg Boss OTT 3
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Bigg Boss 18 LATEST Voting Trend | Kise Mil Rahe Hai Highest Votes? Chahat Pandey Leading?
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Bigg Boss 18 LATEST Voting Trend | Kise Mil Rahe Hai Highest Votes? Chahat Pandey Leading?
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Bigg Boss 18 | Vivian D'Sena Ko Chahat Se Nafrat Padegi Mehengi
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Bigg Boss 18 LATEST Voting Trend | Chahat Vs Karan Kisko Mil Rahe Highest Votes
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"Nishant forced me to go to Bigg Boss 18" - Nyra Banerjee #shorts #biggboss18
By Bollywood Bubble| 923 views
Bigg Boss 18 | Boss Meter Trend Me Elvish Yadav Ki Entry, Vivian vs Rajat Dalal
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Bigg Boss 18 | Boss Meter Trend Me Elvish Yadav Ki Entry, Vivian vs Rajat Dalal
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