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Malware

Unraveling the True Cost of Ransomware Attacks and Essential Strategies for Mitigation

A ransomware attack can demoralize or debilitate organizations quite like no other. Not only does ransomware strike a company's morale, but it also causes massive financial losses along with reputational damage that could prove difficult to repair. Cybersecurity Ventures predicted global ransomware damage costs to reach $20 billion annually in 2021, up from $325 million in 2015. In eight years from now, the costs will exceed $265 billion.

TODDLERSHARK: ScreenConnect Vulnerability Exploited to Deploy BABYSHARK Variant

The Kroll CTI team observed a campaign using a new malware that appears to be very similar to BABYSHARK, previously reported to have been developed and used by the APT group Kimsuky (KTA082). The malware was deployed as part of an attempted compromise that was detected and stopped by the Kroll Responder team. The activity started with exploitation of a recently addressed authentication bypass in the remote desktop software ScreenConnect, developed by ConnectWise.

Proactive Strategies to Prevent Ransomware Attacks

In today’s digital age, ransomware attacks have emerged as one of the most formidable threats to organizations worldwide. These malicious software attacks encrypt files on a device, rendering them inaccessible to users, and demand a ransom for decryption keys. The impact of ransomware can be devastating, leading to significant financial losses, operational downtime, and reputational damage.