In January 2024, an accounting firm in north-central Massachusetts learned that data had been exfiltrated from its server network, and the perpetrator was demanding ransom for its deletion.
According to a letter sent to the Attorney General of New Hampshire, the firm worked with the FBI to determine that the perpetrator was a legitimate threat actor, and negotiated paying their ransom.
By focusing on their employees, organizations can better protect themselves against ever-evolving cyber threats, according to the Kaseya Cybersecurity Survey Report 2024: Navigating the New Frontier of Cyber Challenges.
“The human element continues to be the weakest link in cybersecurity,” the report states.
The Cybersecurity and Infrastructure Security Agency (CISA) has proposed new security requirements that aim to protect Americans’ sensitive personal data and U.S. government-related data from being accessed by “ countries of concern [or] covered persons.
In early October, the Commonwealth of Massachusetts’ payroll system became compromised due to a credential harvesting campaign, a cyberattack technique where attackers steal personal or financial data from users. The system was effectively shut down and unavailable to employees for a number of days.
Aramark, a giant in the service industry, recently found itself in the middle of a digital heist. At the end of the Summer, Aramark discovered that cybercriminals had crafted a fake payroll website to trick employees into handing over their login details.
A ransomware group known as Medusa has allegedly breached Providence Public Schools, exfiltrating 201.4GB of data. The group demanded a ransom of $1,000,000 with a deadline of September 25th, according to HackManac, a Twitter account dedicated to maintaining a repository of verified cyberattacks.
With election security being a top priority, The Cybersecurity & Infrastructure Security Agency (CISA) is stepping up its game to ensure the integrity of the nation's elections infrastructure with #Protect2024, which states on its website that its mission is to “Help election officials and election infrastructure stakeholders protect against the cyber, physical, and operational security risks to election infrastructure during the 2024 election cycle.
The City of Flint, Michigan, was hit by a ransomware attack on August 14, 2024, that disrupted its network and internet service. The attackers demanded a ransom to restore the system, but the city refused to pay. The FBI and the Attorney General's Office are investigating the incident, while the city's IT department is working with cyber security experts to recover the data and restore the service.
In recent years, ransomware attacks have become an increasingly severe threat to businesses of all sizes, as they find themselves in the crosshairs of cybercriminals. The latest Joint Cybersecurity Advisory report on “RansomHub ransomware,” a ransomware-as-a-service variant, underscores the urgency to prioritize cybersecurity measures.
Artificial Intelligence (AI) is transforming industries, offering unprecedented opportunities for innovation and efficiency. With these advancements, companies need to focus and understand the risks that come with AI when applied to their business. Recently, MIT teamed up with global organizations to develop an AI Risk Repository, a dynamic database containing 777 risks from 43 taxonomies.