Most companies improved their cyber defenses to qualify for cyber insurance, study finds
The 'Cyber Insurance and Cyber Defenses 2024: Lessons from IT and Cybersecurity Leaders' report by Sophos reveals that a significant ...
Tag: ransomware
65% of financial organisations suffered ransomware damage in 2023
Almost 65% of financial organisations worldwide reported experiencing a ransomware attack in 2023, according to data by Stocklytics.com. Data also revealed that ...
Ransomware protection is, top priority for public sector IT infrastructure investment
Protection from ransomware is the primary driver in public sector IT infrastructure investment, according to Nutanix’s sixth annual global Public Sector Enterprise Cloud Index (ECI) survey and ...
Sophos finds ‘junk gun’ ransomware infiltrates the dark web
Sophos discovered 19 cheap, independently produced, and crudely constructed ransomware variants dubbed as “junk gun”, on the dark web since June ...
Ransomware attacks attempted to compromise back-ups, study reports
Around 94% of organisations hit by ransomware in the past year said that the cybercriminals attempted to compromise their backups ...
Ransomware, leaks, and info stealers target APAC
A surge in ransomware attacks, leaks, and information stealers riddle the security posture of the Asia Pacific region, according to Group-IB’s Hi-Tech ...
Cybernomics 101 - Uncovering the financial forces driving cyberattacks
A global survey of over 1,917 IT security practitioners revealed the behaviour and proven security measures implemented by ’High Performers’ ...
Email attacks surged 222% in 2023
AI-enhanced phishing affected over 90% of organisations and contributed to a 222% surge in email attacks in 2023 as compared to the second half ...
Ransomware groups switch to remote ransomware attacks
Some of the most prolific and active ransomware groups, including Akira, ALPHV/BlackCat, LockBit, Royal, and Black Basta, are deliberately switching on remote encryption for their ...
The cost of recovery from cybercrime reaches US$5m annually
The annual cost of recovering from cybercrime for enterprises can be as much as US$5 million, according to Barracuda Networks’ Cybernomics 101 ...
Cyber-attacks, top cause of business outages, study finds
For four years straight, cyber-attacks were the most common and most impactful causes of business outages across organisations, according to the latest Veeam ...
2023, the year of mega ransomware attacks
Check Point Research's analysis of global cyber attack data reveals that 2023 was a year of mega ransomware attacks, with ...
Retail sector is unable to halt ransomware attacks, study finds
Only 26% of retail organisations this past year disrupted a ransomware attack before data encryption, according to “The State of ...
Counter-tactics against artificially intelligent ransomware
When asked about the growing exuberance over the use of generative AI, 54% of the surveyed security specialists believe that ...
Cybercriminals wiped out telemetry logs in 82% of attacks
Sophos released its Active Adversary Report for Security Practitioners, which found that telemetry logs were missing in nearly 42% of the attack cases ...
Golden ransomware rules for CIOs: Observe correct prevent and notify
Ransomware hit big in 2023, with 95% more attacks compared to 2022, according to Corvus Insurance's Q3 23 Global Ransomware ...
Network segmentation, extremely important amid rising ransomware attacks
Akamai Technologies released a study reporting the advantages of microsegmentation amid increasing ransomware attacks. Microsegmentation allows the implementation of granular security policies and controls for ...
Sophos advances active adversary defenses with new security
Sophos introduced new security capabilities against cyberattacks and exposed how malicious players are deploying ransomware “fast” attacks in a few ...
Leaked source code used to launch a new type of ransomware
Sophos X-Ops discovered that multiple malicious players have been taking advantage of a leaked source code from LockBit 3.0 to launch ransomware attacks. The ...
Trellix predicts more complex ransomware cyberattacks in 2024
The Trellix Advanced Research Center predicts more complex ransomware attacks in Singapore in 2024. John Fokker, head of threat intelligence at Trellix ...
Healthcare sector losing ground against cyber attackers, Sophos warns
Cybercriminals successfully encrypted data in nearly 75% of ransomware attacks in healthcare organisations according to “The State of Ransomware in Healthcare 2023,” shared ...
NetApp advances with multiple innovative portfolio updates
NetApp announced multiple innovative portfolio updates such as enhancements to its data pipeline for hybrid multi-cloud AI and advancements against ransomware. “There are two ...
Ransomware is expanding and diversifying, study warns
Ransomware is expanding and diversifying according to the Elastic Global Threat Report, issued by Elastic Security Labs. “Today’s threat landscape is truly borderless, ...
90% of organisations suffered a major cyber attack, CISO reveals
Splunk Inc. released its 2023 CISO Report, a new global research report detailing emerging trends, threats, and strategies for today’s Chief ...
Nutanix strengthens cyber resilience against ransomware
Nutanix announced new features in the Nutanix Cloud Platform to strengthen organisations’ resilience againstransomware attacks on unstructured data enabling better threat detection, ...
Philhealth bounces back after Medusa ransomware attack
The website and members portal of the Philippine Health Insurance Corporation (PhilHealth) were restored following the hacking of its database due to ...
Ransomware mostly targets the healthcare industry, study finds
The healthcare industry was the most targeted industry sector by ransomware last year, according to a study released by Arcserve. ...
85% of organisations suffered from at least one ransomware attack, study finds
Around 85% of organizations suffered from at least one ransomware attack in the past 12 months, according to Veeam’s 2023 Global ...
Sophos uncovers connections between prominent ransomware groups
Sophos released new findings into the connections between the most prominent ransomware groups in its report, “Clustering Attacker Behavior Reveals ...
Ransomware activity shows Q2 growth
Ransomware activity from CL0P, a newer entrant to the list of top ransomware groups, increased by 65%, according to Nuspire's ...
Two ransomware groups linked to larger threat actor
A new report by Sygnia uncovered that attacks led by the Night Sky and Cheerscrypt ransomware groups originated from the same ...
Highest ransomware attack rates on education sector -- Sophos
A Sophos survey revealed that the education sector received the highest rate of ransomware attacks in 2022. According to the ...
Cost of a data breach hits US$3.05M for ASEAN businesses
SEAN organisations with extensive use of security AI and automation cut breach lifecycles by 99 days and reduce data breach ...
68% of MFG firms faced encrypted data after ransomware attack
Despite the growing use of backups, manufacturing and production reported longer recovery times this year.
More APJ firms eye revamp of their primary data protection solution
Ransomware and the current volatile cyber security landscape have been taking priority for IT teams, causing IT resources and budgets ...
Effective negotiation works to lower the cost of ransomware attacks
A Palo Alto Networks research report says ransomware and extortion actors are utilizing more aggressive tactics to pressure organisations, with ...
Hackers launch one malicious threat per minute
BlackBerry explores the pernicious threats targeting macOS, including malicious codes that are sometimes even explicitly downloaded by users.
5 tips for better security in 2023
“The pandemic might be receding, but remote working is here to stay,” said Jon Clay, vice president of threat intelligence ...
PodChats for FutureCISO: Combating the rise of infostealers
Ransomware remains one of the more dreaded cyber threats of the decade. But for a ransomware attack to be initiated, ...
A zero-trust future for businesses requires mindset transformation
As cyberattacks become more sophisticated and IT systems ever more complex, zero-trust architecture is becoming a hot topic in security. ...
Five steps to protect against ransomware in 2023
Ransomware attacks continue to impact organisations worldwide—and the costs are staggering. A new global survey of over 1,100 IT decision-makers ...
Cybercrime's greatest hits for 2023
Cybercrime-as-a-service is removing nearly all barriers to entry for committing cybercrime. The Sophos 2023 Threat Report concludes that ransomware remains ...
MFG sector paid highest ransomware payment
Manufacturing and production companies reported the lowest level of backup use across all sectors, with just 58% of respondents using ...
Emerging ransomware forces a hard look at the last line of defence
As businesses become more distributed and the workforce permanently evolves to a more hybrid state, trends suggest that attacks and ...
HK school gained 25%-30% time savings from NGFW solution
With its new NGFW solution, the school’s small IT team gained a security tool not only delivers advanced visibility but ...
Are we kicking the can down the road with ransomware payments?
The first known cyber extortion attack dates back to 1989, a decade before the invention of bitcoin. Targeted at the ...
Why hacking is an easy entry job to make money from
Just as how other industries have adopted the 'as-a-service model', illicit service providers have done the same by selling tools, ...
Cyber simulator offers immersive and realistic training for students
Turnkey cyber range programme closes the cybersecurity workforce gap With cybercrime on the rise and the scarcity of cybersecurity professionals, ...
Cloud-driven breach detection device to arm cyber defenders
Push button function acts as first response alert for any security breach ExtraHop, a cloud-native network intelligence company recently announced ...
‘Data Management as a Service’ to tackle cyber attacks
In light of today’s rising ransomware attacks, organisations no longer need to worry about completely losing their mission critical data ...
The pace of ransomware weaponization quickens
The Ransomware Index Report identified a 7.6% increase in the number of vulnerabilities tied to ransomware in Q1 2022, with ...
Paying ransomware is no guarantee of data recovery
The Veeam 2022 Ransomware Trends Report revealed that 72% of organisations had partial or complete attacks on their backup repositories, ...
Businesses more at risk after hybrid work and cloud admit CISOs
The annual Voice of the CISO report by Proofpoint reveals that adopting hybrid working policies and cloud tools have made ...
APAC companies hiding ransomware attacks
The ExtraHop 2022 Cyber Confidence Index—Asia Pacific, noted that 83% of organisations in Asia Pacific were breached by ransomware at ...
Sophisticated ransomware – the answer lies beyond the perimeter
The growing frequency and intensity of cyberattacks have been pushing businesses to boost their cybersecurity defences. In August 2021, a ...
Looming cyber threats from the Russia-Ukraine war
The ongoing conflict in Ukraine has posed a grave danger to lives and businesses and will have profound consequences extending ...
Manufacturers bear brunt of cyberattacks in 2021
According to the X-Force Threat Intelligence Index ransomware and vulnerability exploitations together were able to "imprison" businesses in 2021 further burdening global ...
2021’s security vulnerabilities may predict what’s coming in 2022
One of the Philippines’ real-life heroes, Jose Rizal, is quoted as saying: “He who does not know how to look ...
The impact of enterprise-class domain registrar on your overall security rating
Most cyber-attacks, including ransomware attacks and business email compromise (BEC), begin with phishing. Although losses due to ransomware are now ...
PodChats for FutureCIO: Bracing for ransomware in 2022
Gartner predicts that by 2025, at least 75% of IT organizations will face one or more attacks, as free-rein researchers ...
Tactics for tackling cyber threats in 2022
2021 looks to be the banner year of cybersecurity attacks as organisations continue their remote ways of working. Moving into ...
Barracuda shares security predictions for 2022
Information security remains the one constant issue that seems to unite everyone in governments and businesses and impacts everyone from ...
Barracuda checklists for defending against ransomware
Ransomware is a type of malware that infects your system, then locks or encrypts your most important data, allowing attackers ...
Palo Alto Networks’ 5 cybersecurity predictions for APAC in 2022
2021 saw the sustained acceleration of innovation and digital transformation as organizations continued to navigate the effects of the global ...
How to avoid being ransomware’s next victim
Ransomware attacks have escalated to the point that governments are now treating them as acts of terrorism. Such attacks have ...
Directors see cybersecurity as a business risk
A new Gartner survey revealed that 88% of Boards of Directors (BoDs) view cybersecurity as a business risk, as opposed ...
Cyberattacks more successful on holidays and weekends
A global study of 1,200+ security professionals at organisations revealed a disconnect between the risk ransomware poses to organisations during ...
Smart dashboard to ease the burden of SecOps teams
What do Kia Motors America (automaker), CD Projekt Red (gaming), Acer (computer manufacturer), DC Police Department (law enforcement), Colonial Pipeline ...
PodChats for FutureCIO: CISO tactics to enhance cyber threat readiness
Cybersecurity firm IntSights has released its latest research white paper ‘Selling breaches: The Transfer of Enterprise Network Access on Criminal ...
Integrating NIST’s 5 best practices in cyber threat mitigation
As National Cybersecurity Month ends, we are reminded of the opportunity to educate businesses on the most effective ways of ...
Ransomware tops emerging risks in Q3 2021
Gartner’s latest Emerging Risks Monitor Report says the threat of “new ransomware models” was the top concern facing executives in ...
Readying your NDR strategy for 2022
Into the final quarter of 2021 and we continue to read of cyberattacks against nations, enterprises and individuals. The State ...
Prevention is the best approach to ransomware protection
Check Point Research (CPR) reports that there are 40% more attacks weekly on organisations in 2021 compared to 2020. That’s ...
Getting away with not paying ransomware
The State of Ransomware in Manufacturing and Production 2021 by Sophos revealed companies in this sector were the least likely ...
Cloud-native architecture prove resilient against cyber attacks
The move to the cloud is no longer an aspiration but an urgent mandate in the post-pandemic world. To overcome ...
Who is responsible for exploits of old unsupported software?
Sophos Research reported how Cring ransomware exploited a 11-year-old Adobe ColdFusion software to launch advanced attack
Ransomware strategies in 2021 – new playbook required
FutureCIO asked security architect Clement Lee, from Check Point Software Technologies, Siupan Chan, sales engineering manager with Sophos, and the ...
Defending SEA’s critical national infrastructure from cyber threats
Constantly evolving CNI threats means a round-the-clock effort and highly specialised skills to bolster enterprise cybersecurity.
FutureCISO Security Alert: Application vulnerabilities are fodder to ransomware attacks
Barracuda says businesses are No.1 ransomware target with attacks spiking 64% in 2020, hackers exploit application vulnerabilities to seek out ...
APAC businesses more inclined to pay the ransom
As ransomware continues to top the list of cyberattacks, affected organizations are often faced with the ultimate decision to make, ...
Comprehensive security strategy needed to reduce risk
Fortinet warns against evolving ransomware attacks calling for Hong Kong to adopt a comprehensive security strategy to reduce risks
Attack after attack – Ransomware over the years
As we continue to accelerate the shift towards a digital-first world, it is paramount to examine how we can improve ...
FutureCISO Security Alert: The consequence of wilful ignorance of cyber risks
ABI Research says the success of the Colonial Pipeline ransomware attack exposed wilful ignorance to take cybersecurity seriously
FutureCISO Security alert: Users are getting good at detecting intrusions
According to Mandiant, the global median dwell time drops below one month – detection capabilities improve, but ransomware surges on
Canalys warns cybersecurity is a reality for all
Cybersecurity must be front and centre of digital plans, otherwise there will be a mass extinction of organizations, which will ...
Expect more ransomware in 2021
2020 saw a surge in ransomware demands, double extortion and attacks on healthcare organisations. Expect more of the same in ...
2021 navigating cybersecurity in an uncertain world
This Sophos 2020 paper offers guidance on what enterprises can do to fortify their cybersecurity strategies through a better understanding ...
Ransomware attacks a rising threat to financial institutions says FS-ISAC
Far from being on the decline, ransomware is a ‘rapidly evolving threat,’ with a rising number of attacks and new ...
Ransomware 2.0 is about publishing secrets online
Organisations must think of ransomware threats as the final stage of a network breach. Identifying the attack at an early ...
COVID-19 reveals gaping holes in cyber threat readiness
An Acronis research reveals that 31% of companies struggle with daily cyberattacks and new protection challenges caused by remote work
Qbot Trojan bags top malware stop
Check Point researchers find dangerous new Qbot variant is spreading via malspam campaigns to execute credentials theft, ransomware installation and ...
Consumers see CEOs personally responsible for ransomware attacks
Mixed signals: A Veritas survey says the public doesn’t want businesses paying off criminals, but they do expect them to ...
Paying ransomware will cost twice as much
Sophos’ global survey reveals that the average cost of recovery of a ransomware attack is US$1.4 million if organizations pay ...
Threat actors partnering to increase chances of success
Known vulnerabilities remain key to successful cyberattacks, including ransomware. In 2019, crybercriminals continue to favour emails, ransomware and phishing
Weaponizing stolen credentials and vulnerabilities
With over 2 billion records breached, Asia accounted for 22% of total public breaches in 2019. Despite millions being invested ...
2020 cybersecurity threats to arise from Deepfakes, 5G, and public cloud systems, says Forcepoint
Forcepoint has unveiled five predictions about the cybersecurity landscape for 2020.
2020 Vision: Check Point’s cyber-security predictions for the coming year
Evan Dumas, Regional Director, Southeast Asia, at Check Point Software Technologies shares his predictions on the cybersecurity landscape in the ...
Sophos report uncovers trends likely to impact cybersecurity in 2020
Sophos 2020 Threat Report shows how cyberattackers are raising the stakes in ransomware, increasing stealth in malicious Android apps, exploiting ...
Kaspersky updates decryption tool to fight ransomware pair
Kaspersky has updated its RakhniDecryptor tool to allow users whose files were encrypted by Yatron and FortuneCrypt ransomware to retrieve ...
Study reveals the prime cause of breaches in Singapore
Singaporean businesses say cyberattacks have grown more sophisticated.
Medical devices in APAC still subject to cyber attacks amid global decline
More than two years after the infamous Wannacry ransomware crippled medical facilities and other organizations worldwide, the healthcare sector seems ...
IoT to stoke ransomware fire?
Cybersecurity Ventures noted that ransomware attacks were the most common type of malware in 2017, and it’s projected that, by ...
