80% of Businesses Lose to Ransomware via Social Media, Phishing

In fact, 1% of attacks saw a demand of US$150,000 to be paid in Bitcoin. Ransomware developers are always one step ahead of security researchers these days. Not only in the way their software works, but also how they target potential victims. American businesses are seeing an influx in ransomware attacks all of a sudden. More particularly, company executives are a prime target for ransom are right now. While nearly nine in ten ransomware attacks are targeting hospitals these days, corporations are not out of the woods just yet. A new study unveiled how 40% of businesses investigated had....

A majority of the phishing attacks recorded have been conducted on social media platforms that do not have account verification features. As Web3 adoption goes further and more beginners enter the space, hackers are becoming more active, with more phishing attacks being recorded in the latest quarter of 2022 and social media being noted as a major platform of choice for conducting the hacks. In the quarterly report of security firm Certik, the team has found a 170% increase in phishing attacks in the second quarter of 2022. According to the security firm, 106 attacks were recorded in the....

Beware of phishing attacks when in Las Vegas, according to a new study. Sin City has been found as the most likely place to catch Bitcoin ransomware in the United States. The unsuspecting, lay internet user is most prone to ransomware infections in Las Vegas, a survey by internet security company Malwarebytes revealed. Ransomware is malicious computer code that’s commonly downloaded via email attachments. These are distributed using phishing attacks, where the malicious contents are housed within a seemingly friendly email. The code essentially takes a user’s computer hostage, accompanied....

Distribution of this malware is showing signs of innovation as well. Criminals have been switching between exploit kits, spam campaigns, and social engineering attacks to secure their payday. The topic of ransomware never seems to be far away these days. Online threats are a significant concern for both individual users and enterprises around the world. With the first half of 2016 behind us, it is evident ransomware will not go away anytime soon. Enterprises lost US$209m due to these attacks in the first six months of 2016. Ransomware Leads To Mounting Financial Losses. The new report,....

Sometimes it feels like the only way Bitcoin makes headlines is either through a price change or ransomware. Cerber, one of the most dangerous types of Bitcoin ransomware alive today, has been cloned into a new variant. As a result, this undisclosed type of malware can target Office 365 users through a zero-day attack. It is very well possible millions of business users have been affected already. When malware starts to show traits of chameleon-like behavior, things are getting more worrisome than ever before. Security researchers have discovered a new form of the Cerber ransomware family,....