CFOtech Asia - Technology news for CFOs & financial decision-makers

RaaS / Ransomware-as-a-Service stories

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One billion dollars in funding for even more ransomware
Yesterday
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cryptocurrency
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ransomware
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ai
Ransomware gangs increase pressure on victims by implementing ruthless extortion techniques enabled by the proliferation of cryptocurrencies and AI.
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Darktrace says Cyber threats shifting towards as-a-service tools
This month
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malware
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mobility
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byod
Cybersecurity firm Darktrace reports a major shift in cybercrime, with increasing reliance on 'as-a-service' tools like Malware-as-a-Service and Ransomware-as-a-Service,.
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Check Point reveals 8% spike in global cyberattacks by mid-2023
Thu, 24th Aug 2023
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phishing
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ransomware
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email security
Lockbit3 leads ransomware surge in the year's first half, while unconventional targets surface amid new attack patterns.
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Strong authentication best defence against Ransomware: Yubico
Thu, 10th Aug 2023
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ransomware
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phishing
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email security
Cybercriminals are now looking to leverage new ransomware-as-a-service (RaaS) models for profit-sharing in exchange for ransomware tools.
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FortiGuard Labs reports an increase of 50% in wiper malware
Fri, 24th Feb 2023
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firewall
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malware
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ransomware
Ransomware threats remain at peak levels with no evidence of slowing down globally with new variants enabled by Ransomware-as-a-Service (RaaS).
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Taking a Multi-Faceted Approach to Ransomware Protection
Wed, 15th Feb 2023
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ransomware
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malware
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cybersecurity
Ransomware is not a new phenomenon, but the scale of attacks has accelerated both in sophistication and frequency.
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Why you need to make cybersecurity an urgent priority
Tue, 31st Jan 2023
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iot
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cybersecurity
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cios
Geopolitical uncertainty, rapid Internet of Things (IoT) adoption, and accelerated digitalisation will continue to fuel cyberattacks in the years to come.
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Two new appointments to Paessler’s Asia Pacific team
Thu, 19th Jan 2023
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saas
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digital transformation
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iot
Paessler continues to grow in APAC with new hires Jim Lee, Business Development Manager, and Tommy Lok, Director of Technical Services.
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Bitdefender releases free decryption tool for MegaCortex
Fri, 13th Jan 2023
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ransomware
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cybersecurity insurance
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iot security
The free tool helps victims encrypted by MegaCortex ransomware restore their files and recover following a successful attack.
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Ransomware attacks increased 41% in November, says NCC Group
Thu, 22nd Dec 2022
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ransomware
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ddos
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cybersecurity
Analysis from NCC Group’s Global Threat Intelligence team credits the increase to returning threat actor groups resurfacing and taking the lead in November.
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FortiGuard predicts rise in advanced threat methods
Tue, 8th Nov 2022
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malware
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vr
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metaverse
New research predicts the convergence of advanced persistent threat methods with cybercrime, enabling a new wave of destructive attacks at scale.
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Healthcare has 650% increase in ransomware attacks - report
Wed, 8th Jun 2022
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malware
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ddos
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ransomware
Zscaler's annual ThreatLabz Ransomware Report reveals the healthcare and restaurant and food service industries had the biggest jumps in ransomware attacks.
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Ransomware as a service explained: What is RaaS
Thu, 17th Mar 2022
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saas
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advanced persistent threat protection
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cybersecurity
Ransomware as a service (RaaS) poses a significant threat to cybersecurity. This article explains what RaaS is, how it works, and how to prevent attacks.
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Major technology manufacturer stops ransomware attack with AI
Thu, 3rd Mar 2022
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ransomware
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malware
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ai security
Darktrace has announced that one of its customers successfully interrupted a Babuk ransomware attack with its Autonomous Response technology, Antigena.
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Ransomware 2021 - the year and trends in hindsight
Thu, 24th Feb 2022
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ransomware
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malware
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cybersecurity
2021 saw threat actors turn the dial up on ransomware, with several high-profile attacks against major corporations and critical infrastructure.
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2022: A year of deep suspicion and stronger access controls
Mon, 21st Feb 2022
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malware
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inventory management systems
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cybersecurity
COVID-19-induced supply chain disruptions have increased cyber risk. The solution? Embrace a zero trust approach, says Delinea APAC VP Wahab Yusoff.
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How to make a business ‘invisible’ to hackers
Wed, 9th Feb 2022
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cybersecurity
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cios
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hackers
Critical to every organisation is how to stop a cyber-security breach AND the damage it causes and do so within available budgets.
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A new report shows RaaS dominates, but defences are gaining the upper hand
Thu, 3rd Feb 2022
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ransomware
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iot security
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malware
Organizations fight back against increasing cyber threats as ransomware attacks dominate and state-sponsored actions rise, says Nozomi Networks report.
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InterSystems and Veromo power Australia’s economic recovery with new banking solution
Tue, 14th Dec 2021
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digital banking
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cybersecurity
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raas
InterSystems has partnered with Veromo to offer registration services directly through online banking, aimed at driving post-pandemic economic growth.
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Ransomware black hole pulls in other cyberthreats to create one massive delivery system
Fri, 12th Nov 2021
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malware
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firewall
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ddos
Ransomware's growing power is sucking other cyberthreats into its orbit, creating a unified and modular attack system, warns Sophos.
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Cybersecurity experts weigh in on BlackMatter ransomware shut down
Fri, 5th Nov 2021
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malware
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firewall
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ransomware
Given the lucrative activity of RaaS we are likely to see them reappear in the near future. The battle against ransomware is far from over.
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Research uncovers connection between BlackMatter and DarkSide ransomware-as-a-service
Thu, 19th Aug 2021
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malware
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firewall
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ransomware
New research reveals likely connection between BlackMatter and DarkSide ransomware-as-a-service, according to Sophos.
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How Microsoft security infrastructure can sink a business
Wed, 28th Jul 2021
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malware
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ransomware
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microsoft
Organisations that are heavily or entirely reliant on Microsoft infrastructure, services and applications can take several steps to shore up their security.
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Minimising the impact of REvil delivered via Kaseya servers
Wed, 28th Jul 2021
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ransomware
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malware
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encryption
In this case study, Darktrace explains how it detected the first signs of ransomware on the network 'as soon as encryption had begun'.