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Showing posts with the label Encryption

Lost and Stolen Devices- A Gateway to Data Breaches and Leaks

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In our digital age, data is king. It drives businesses, informs decision-making, and plays an essential role in our everyday lives. However, with the convenience of technology comes the risk of data breaches and leaks. One often overlooked aspect of this risk is the role that lost and stolen computers play in compromising sensitive information. According to  Forrester Research’s 2023 State of Data Security  report, only 7% of security decision makers are concerned about a lost or stolen asset causing a breach, even though such incidents account for 17% of breaches. Such assets can include smartphones, tablets, laptops, external hard drives, and USB flash drives. While these types of breaches may not command the same attention-grabbing headlines as major cyberattacks, the theft or loss of laptops, desktops, and flash drives poses a very real problem. It underscores the pressing need for endpoint resilience and recovery. The Rising Threat Lost and stolen computers are a growing ...

LockBit 3.0 Ransomware Builder Leak Gives Rise to Hundreds of New Variants

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The leak of the LockBit 3.0 ransomware builder last year has led to threat actors abusing the tool to spawn new variants. Russian cybersecurity company Kaspersky said it detected a ransomware intrusion that deployed a version of LockBit but with a markedly different ransom demand procedure. "The attacker behind this incident decided to use a different ransom note with a headline related to a previously unknown group, called NATIONAL HAZARD AGENCY," security researchers Eduardo Ovalle and Francesco Figurelli said. The revamped ransom note directly specified the amount to be paid to obtain the decryption keys, and directed communications to a Tox service and email, unlike the LockBit group, which doesn't mention the amount and uses its own communication and negotiation platform. NATIONAL HAZARD AGENCY is far from the only cybercrime gang to use the leaked LockBit 3.0 builder. Some of the other threat actors known to leverage it include Bl00dy and Buhti. Kaspersky noted...