Tech Ransomware is 35 years old and now a billion-dollar problem. Here’s how it could evolve

Ryan Browne Key Points Dating back to the 1980s, ransomware is a form of malware used by cybercriminals to lock files on a person’s computer and demand payment to unlock them. The technology — which officially turned 35 in December — has come a long way, with criminals now able to spin up ransomware much faster and deploy it across multiple targets. Experts expect ransomware to evolve even further, with […]

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Adapting to a new era of cybersecurity in the age of AI

BrandPost By Microsoft Security: Cybersecurity is undergoing a massive transformation, and AI is at the forefront of that change. AI has the power to transform security operations, enabling organizations to defeat cyberattacks at machine speed and drive innovation and efficiency in threat detection, hunting, and incident response. It also has major implications for the ongoing global cybersecurity shortage. Roughly 4 million cybersecurity professionals are needed worldwide. AI can help overcome this gap […]

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LockBit Ransomware Group Demands $11 Million From Government to Unlock Files

By Kaaviya Ragupathy A devastating ransomware attack by Lockbit recently targeted the charming city of Calvià in Majorca, Spain, which is well-known for its tourism appeal. This incident underscores the escalating audacity of ransomware groups targeting both governmental and corporate entities. ANY.RUN reported that the attack led to IT outages, suspending all administrative deadlines until January 31, 2024. ANY.RUN is a cloud malware sandbox that handles the heavy lifting of malware […]

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Johnson Controls says ransomware attack cost $27 million, data stolen

By Bill Toulas Johnson Controls International has confirmed that a September 2023 ransomware attack cost the company $27 million in expenses and led to a data breach after hackers stole corporate data. Johnson Controls is a multinational conglomerate that develops and manufactures industrial control systems, security equipment, air conditioners, and fire safety equipment. As first reported by BleepingComputer, Johnson Controls suffered a ransomware attack in September after the firm’s Asia offices were […]

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