Cloud services have become a critical enabler for modern businesses, offering scalable, secure storage and processing capabilities. However, these same services are increasingly being exploited by ransomware groups as tools for both compromising systems and exfiltrating sensitive data. Ransomware exploits cloud services A recent report from SentinelLabs, The State of Cloud Ransomware in 2024, highlights … Read more
An emerging and little-known cybercrime operation that deploys LockBit-based ransomware has claimed 22 victims so far, according to a report by Huntress published last week. Huntress discovered that an obscure operation known as SafePay was behind two incidents targeting its customers in October 2024. Huntress was able to investigate the group and reverse engineer its … Read more
What is ShrinkLocker? ShrinkLocker is a family of ransomware that encrypts an organisation’s data and demands a ransom payment in order to restore access to their files. It was first identified by security researchers in May 2024, after attacks were observed in Mexico, Indonesia, and Jordan. So far, so normal. What makes it noteworthy? The … Read more
Ransomware and Data Breaches: The Hidden Costs and How to Protect Your UK Business Few things are as damaging—and potentially devastating—to a business as a ransomware attack or a data breach. For UK Small to Medium-sized Businesses (SMBs), these cyber threats can hit especially hard, with severe financial repercussions, disrupted operations, and often a damaged … Read more
The City of Columbus, Ohio’s state capital, has confirmed that hackers stole the personal data of 500,000 residents during a July ransomware attack. In a filing with Maine’s attorney general, Columbus confirmed that a “foreign cyber threat actor” compromised its network to access information including residents’ names, dates of birth, addresses, identification documents, Social Security … Read more
