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Alphvblackcat

All articles tagged with #alphvblackcat

cybersecurity2 years ago•1 min saved

Ransomware Gang Strikes Back: FBI Takedown Spurs New Threats

The FBI has reportedly seized websites operated by the ransomware gang ALPHV/Blackcat and used a decryption tool to return data to over 500 victims. However, the gang claims to have regained control of its site and states that the FBI only has decryption keys for around 400 companies, leaving over 3,000 victims with encrypted data. The gang also announced that it will no longer restrict affiliates from attacking critical infrastructure, including hospitals and nuclear power plants. ALPHV/Blackcat has become one of the most prolific ransomware-as-a-service variants, responsible for significant financial losses worldwide.

via The Verge|

#alphvblackcat #cybercrime #cybersecurity

cybersecurity2 years ago•2 min saved

Ransomware Gangs Turn to SEC Reporting as a New Tactic

ALPHV/BlackCat's recent move to report a ransomware case to the SEC may become the new normal in the ransomware economy, as the SEC's new disclosure ruling requires companies to report "material" cybersecurity incidents within four days. While some argue that this aggressive move could draw unwanted attention from law enforcement, it is likely that the SEC is already monitoring dark web exposure sites. It is important for organizations to prepare in advance for ransomware attacks by identifying critical systems and building resiliency into them, as 90% of organizations have experienced at least one ransomware attack in the last two years.

via SC Media|

#alphvblackcat #cybercriminals #cybersecurity