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Cybersecuritiy is one of the cornerstones of the modern age. Each and every device that interfaces with external structures is suitable to fall victim to an attack. Inthis section, you'll be reading the lates news and in depth analysis concerning cybersecurity, attacks, solutions and best practices we all should be aware of.
Designed to monitor ransom payments as a result of ransomware attacks, the Ransomwhere website aims to create a centralized, open, and free database to help assess the spread of ransomware, the size, and profit of operations, and the effectiveness of attempts to combat and mitigate this type of cybercrime. This is a personal project of Jack Cable, a Stanford University student and security researcher at Krebs Stamos Group who previously worked for the US Security and Infrastructure Agency (CISA). “After seeing that there is currently no single place with public data on ransomware payment, and seeing that it is not difficult to track bitcoin transactions, I decided to gather this information,” the researcher said.
Ransomware threats are going to get increasingly destructive and expensive for businesses. In addition to encrypting key data and demanding a ransom to release it, the bad guys have used techniques to steal the data first, only to threaten making it public if the targeted companies decide not to pay the ransom. In the first quarter of this year, 77% of attacks threatened to leak the stolen data.
Another cyberattack attributed to the REvil group, which operates a "ransomware-as-a-service" business, compromised hundreds of US companies last Friday. The most recent count is 1,000 companies, most of the customers of Kaseya, provider of the VSA cloud platform, which is widely used by managed service providers (MSPs). So the effects of this attack could be far greater - potentially making it one of the biggest ransomware attacks in history. It is already known that cybercriminals used Kaseya's corporate network to target nearly 50 of its customers.
