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Why Is There A Surge In Ransomware Attacks?

Why Is There A Surge In Ransomware Attacks?

Aug 13, 2021
The U.S. is presently combating two pandemics--coronavirus and ransomware attacks. Both have partially shut down parts of the economy. However, in the case of cybersecurity, lax security measures allow hackers to have an easy way to rake in millions. It's pretty simple for hackers to gain financially, using malicious software to access and encrypt data and hold it hostage until the victim pays the ransom. Cyber attacks are more frequent now because it is effortless for hackers to execute them. Further, the payment methods are now friendlier to them. In addition, businesses are  willing to pay a ransom  because of the growing reliance on digital infrastructure, giving hackers more incentives to attempt more breaches.  Bolder cybercriminals A few years back, cybercriminals played psychological games before getting bank passwords and using their technical know-how to steal money from people's accounts. They are bolder now because it is easy for them to buy ransomware so...
Two New Platforms Found Offering Cybercrime-as-a-Service to 'Wannabe Hackers'

Two New Platforms Found Offering Cybercrime-as-a-Service to 'Wannabe Hackers'

Jul 15, 2017
Cybercrime has continued to evolve and today exists in a highly organised form. Cybercrime has increasingly been commercialised, and itself become big business by renting out an expanded range of hacking tools and technologies, from exploit kits to ransomware, to help anyone build threats and launch attacks. In past few years, we have witnessed the increase in the popularity of malware-as-a-service (MaaS), which is today a prosperous business on the underground black market that offers an array of services, including ransomware-as-a-service , DDoS-as-a-service , phishing-as-a-service, and much more. Two such services have recently been spotted by two separate group of researchers, which we have detailed in this article. Ovidiy Stealer — $7 Password-Stealing Malware For Everyone A new credential stealing malware that targets primarily web browsers is being marketed at Russian-speaking web forums for as cheap as $7, allowing anyone with even little technical knowledge ...
Reimagining Network Pentesting With Automation

Reimagining Network Pentesting With Automation

Dec 14, 2023 Penetration Testing / Cybersecurity
Network penetration testing plays a crucial role in protecting businesses in the ever-evolving world of cybersecurity. Yet, business leaders and IT pros have misconceptions about this process, which impacts their security posture and decision-making.  This blog acts as a quick guide on network penetration testing, explaining what it is, debunking common myths and reimagining its role in today's security landscape.  What is network penetration testing? Network penetration testing  is a proactive approach to cybersecurity in which security experts simulate cyberattacks to identify gaps in an organization's cyberdefense. The key objective of this process is to identify and rectify weaknesses before hackers can exploit them. This process is sometimes called "pentesting" or "ethical hacking."  Network pentesting checks for chinks in an organization's armor to help mitigate cyber-risks and protect against data, financial and reputational losses.  Differe...
cyber security

2026 Annual Threat Report: A Defender's Playbook From the Front Lines

websiteSentinelOneEnterprise Security / Cybersecurity
Learn how modern attackers bypass MFA, exploit gaps, weaponize automation, run 8-phase intrusions, and more.
cyber security

99% of Mythos Findings Remain Unpatched. Defenders Are Building the Response

websitePicus SecurityAI Security / Security Validation
Autonomous Validation Summit, May 12 and 14. Register free and get 12 recommendations for the Mythos era.
Unveiling the Cyber Threats to Healthcare: Beyond the Myths

Unveiling the Cyber Threats to Healthcare: Beyond the Myths

Dec 12, 2023 Data Security / Healthcare,
Let's begin with a thought-provoking question: among a credit card number, a social security number, and an Electronic Health Record (EHR),  which commands the highest price on a dark web forum?   Surprisingly, it's the EHR, and the difference is stark: according to a  study , EHRs can sell for up to $1,000 each, compared to a mere $5 for a credit card number and $1 for a social security number. The reason is simple: while a credit card can be canceled, your personal data can’t. This significant value disparity underscores why the healthcare industry remains a prime target for cybercriminals. The sector's rich repository of sensitive data presents a lucrative opportunity for profit-driven attackers. For 12 years running, healthcare has faced the highest average costs per breach compared to any other sector.  Exceeding an average of $10 million per breach , it surpasses even the financial sector, which incurs an average cost of around $6 million. The severity of t...
How Hybrid Password Attacks Work and How to Defend Against Them

How Hybrid Password Attacks Work and How to Defend Against Them

Oct 11, 2024 Phishing Protection / Password Security
Threat actors constantly change tactics to bypass cybersecurity measures, developing innovative methods to steal user credentials. Hybrid password attacks merge multiple cracking techniques to amplify their effectiveness. These combined approaches exploit the strengths of various methods, accelerating the password-cracking process.  In this post, we’ll explore hybrid attacks — what they are and the most common types. We’ll also discuss how your organization can defend against them. The blended approach of hybrid attacks Threat actors are always looking for better, more successful ways to crack passwords — and hybrid attacks allow them to combine two different hacking techniques into a single attack. By integrating attack methodologies, they can take advantage of the strengths associated with each method, increasing their chances of success. And hybrid attacks aren’t just limited to cracking passwords. Cybercriminals regularly combine technical cyberattacks with other tactics, ...
The Business of Hackers-for-Hire Threat Actors

The Business of Hackers-for-Hire Threat Actors

Aug 10, 2022
Today's web has made hackers' tasks remarkably easy. For the most part, hackers don't even have to hide in the dark recesses of the web to take advantage of people any longer; they can be found right in plain sight on social media sites or forums, professionally advertised with their websites, and may even approach you anonymously through such channels as Twitter. Cybercrime has entered a new era where people don't steal just for the thrill of doing it anymore. They make it their business to carry out illegal cyber activities in small groups or individually to earn business from online criminals, selling offensive services like spyware as a service or commercial cybersecurity. For instance, a series of new DDoS for Hire are commoditizing the art of hacking and reducing the barrier to launching  DDoS attacks . Who are Hackers-for-Hire?  Hackers-for-hire are secret cyber experts or groups who specialize in infiltrating organizations to acquire intelligence in one way...
Reasons Why Every Business is a Target of DDoS Attacks

Reasons Why Every Business is a Target of DDoS Attacks

Feb 01, 2022
DDoS (Distributed Denial of Service) attacks are making headlines almost every day.  2021 saw a 434%  upsurge in DDoS attacks, 5.5 times higher than 2020.  Q3 2021 saw a 24%  increase in the number of DDoS attacks in comparison to Q3 2020.  Advanced DDoS attacks that are typically targeted, known as smart attacks, rose by 31% in the same period. Further,  73% of DDoS attacks  in Q3 2021 were multi-vector attacks that combined multiple techniques to attack the targeted systems. The largest percentage of DDoS targets (40.8%) was in the US Banks, and financial institutions were the biggest DDoS and DoS attack targets in the past couple of years.  Does this mean businesses and organizations that aren’t in the banking and financial services sector are safe from  DDoS attacks ? Most definitely not! Every business is a potential DDoS target. Read on to know why and what measures to take to keep your business effectively protected.  Common D...
Cryptocurrency Hacks Still Growing — What Does That Mean for the Industry?

Cryptocurrency Hacks Still Growing — What Does That Mean for the Industry?

May 14, 2019
Though once synonymous with underground networks and black hat hackers, bitcoin and other cryptocurrencies have gone mainstream over the past two years. In 2017, we saw the skyrocket of bitcoin to an all-time high of close to $20,000 followed by a significant decline the following year. But beyond the ups and downs in the market for the world's largest cryptocurrency is a much more sinister story revolving around cyber-attacks of the economy's newest asset class. In 2018, it estimated that as much as $1.7 billion worth of cryptocurrencies were swindled away from investors (likely more) through a variety of means. Whether accomplished through hacking, phishing, or other forms of scamming, it's clear that the crypto industry is facing a serious dilemma with security. For a technological movement based on decentralization and the advantages it offers for security, the number of breaches occurring is startling. Cryptocurrencies offer users a way to send money with...
There’s something “Human” to  Social Engineering !

There’s something “Human” to Social Engineering !

Oct 20, 2011
There’s something “ Human ” to  Social Engineering ! At the psychological skill of Social Engineering Social engineering is the human side of breaking into corporate or personal pc’s to gain information. Even companies that have an authentication process, firewalls, vpn’s and network monitoring software are subject to the skill of a good social engineer. In hacking we rely on our technical skill and in social engineering it is a game of getting your subject to tell you what you want to get into their system. Social engineering has been employed since the beginning of mankind, the art of trickery or deception for the purpose of information gathering, fraud, or in modern times, computer system access. In most cases today the social engineer never comes face to face with their target. In social engineering we exploit the attributes of the human decision making process known as “ cognitive biases .” That was the question asked by the Team of Social-engineer.org Gu...
BitDam Study Exposes High Miss Rates of Leading Email Security Systems

BitDam Study Exposes High Miss Rates of Leading Email Security Systems

Jan 21, 2020
Imagine receiving an email from US VP Mike Pence's official email account asking for help because he has been stranded in the Philippines. Actually, you don't have to. This actually happened. Pence's email was hacked when he was still the governor of Indiana, and his account was used to attempt to defraud several people. How did this happen? Is it similar to how the DNC server was hacked? Email hacking is one of the most widespread cyber threats at present. It is estimated that around 8 out of 10 people who use the internet have received some form of phishing attack through their emails. Additionally, according to Avanan's 2019 Global Phish Report , 1 in 99 emails is a phishing attack. BitDam is aware of how critical emails are in modern communication. BitDam published a new study on the email threat detection weaknesses of the leading players in email security, and the findings command attention. The research team discovered how Microsoft's Office365 ...
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