Tag: blackcat
Ransomware gangs start to fight dirty
According to cybersecurity company SecureWorks’ annual State of the Threat Report, over the last 12 months, attackers have shortened the time between the initial penetration of the corporate network to the ransomware demand itself from 4.5 days to less than one day. This period, known in the cybersecurity industry as ‘dwell time’, offers well-equipped cybercriminals a leisurely opportunity to drain the company of funds and its most sensitive secrets. In 10 percent of cases, ransomware was even deployed within five hours of initial access.
Upbit announces 159k hack attempts in Q1 – October 9th
Crypto exchange server Upbit has announced it was targeted by hackers 159,000 times during the first quarter of this year. This is more than double the number of hacker attacks it experienced in the same period last year. The figures were released by Dunamu, the company that operates Upbit.
BlackCat gang wields new weapon to target cloud storage – September 18th
The BlackCat ransomware gang is now using the Sphynx encryptor to target Azure cloud storage. The Spynx variant was discovered in March this year in an investigation of a data breach that shared similarities with another attack described in an IBM-Xforce report. BlackCat continues to be one of the most high-profile, sophisticated threat actor groups, owing to the gang's ability to continuously refine and adapt its tactics.
BlackCat sharpens its claws
Cybersecurity firm Coalfire reports that the ALPHV/BlackCat ransomware gang has been causing mayhem over the past year using a failsafe delivery system. The group suspects that the leaders of BlackCat are affiliated with the top ransomware gang, the infamous LockBit.
Weak cyber M&A activity shows significant slowdown – August 21st
Crunchbase News reported that “The first seven months of the year saw only 34 cyber startups get acquired,” compared to a high of 123 in 2021 and a significantly reduced 82 last year. Rising interest rates and geopolitical tensions that have already hit the tech sector hard are now clearly putting a damper on M&A activity in cyber.