This ransomware targeted several A-list celebrities clients of the law firm and leaked their data on the dark web. The first ransomware happened in 1991. This malware has been targeting several organizations in the education and software industries, including SMBs. It further incurred legal and consulting costs to investigate the attack, in addition to restoration and remediation. In the first quarter of 2020’s financial year, ransomware attacks have dramatically increased due to the home-office working … Their research also shows that the numbers of recent ransomware attacks might be declining because bad guys are getting more selective about who they target and are increasing how much they charge per attack. Preventing ransomware sometimes involves mundane and basic things like creating strong passwords, regularly updating your software and educating the workforce about the harmful effect of malware. You also have the option to opt-out of these cookies. The Nayana Attack Nayana is a popular South Korean web provider and in June of 2017, hackers infected over 153 Linux servers hosted by the company with ransomware that shut down some 3,400 websites. By providing your contact information above, you are consenting to receive Parablu communication by email or phone. February 2, 2020 August 25, 2020 Pallavi Dutta. Reportedly, the first quarter of 2020’s financial year recorded double ransomware attacks due to remote working culture in the wake of the COVID-19 pandemic. Below are 5 of the biggest ransomware attacks of all time. The City of Independence, Missouri, suffered a ransomware attack last week that continues to … Hackers have been demanding ransom money for access to computer systems for years. Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer showed. Ransomware Attacks in October 2020 London’s Hackney Council has reported it has “been the target of a serious cyber-attack which is affecting many of our services and IT systems.” Ardonagh Group insurance provider disabled 200 admin accounts when a ransomware infection took effect. In April this year, the Maze ransomware infected the company’s network. Tycoon is a recently discovered ransomware strain that is written in Java. A safe and reliable backup of your data means that your business never has to be at the mercy of a malicious attacker. The biggest ransomware attack of 2020 was led on technology giant Cognizant. December 15th 2020 Ransomware attack causing billing delays for Missouri city. This ruthless ransomware is infamous for its new approach of attacking where it publishes sensitive information publicly by using different methods. With the pandemic situation and new normal of remote working, cybercriminals have become more empowered to deploy new sophisticated ransomware attacks. In an incredibly challenging year in which ransomware has easily become the biggest cyber threat to impact individuals and organizations alike, the severity of ransomware attacks … Ransomware attacks have matured over the years, adopting more stealthy and sophisticated techniques, while at the same time fixing many of … This website uses cookies as well as similar tools and technologies to understand visitors' experiences. Ransomware in 2020 statistics indicate that over 70 reported cases by the end of May. The biggest security trend for 2020 has been the increase of COVID-19-related phishing and other attacks targeting remote workers. Ransomware attacks have matured over the years, adopting more stealthy and sophisticated techniques, while at the same time fixing many of … Mandate a strong password policy to reduce. Leverage you M365 subscriptions and lower TCO, Your email address will not be published. The Maze is the most infamous ransomware threat to enterprises all over the world at the moment. Based on incidents reported to Beazley’s in-house breach response team, BBR Services, ransomware attacks increased in terms of both severity and costs this year compared to 2019 and have become the biggest cyber-threat facing organizations. It is better to start implementing cybersecurity practices now so as to reduce the emerging cyber risks. to create a cyber-resilient working culture. So, without further ado, let’s get right to it. New ransomware types are exponentially increasing, which means that security professionals are spending most of their time playing catch up. REvil claims to receive a US$365,000 payment, but the law firm has denied this. #10. It either uses TrickBot or other means like Remote Desktop Services to gain unauthorized access to a system. 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