Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

With ransomware increasing and a complex, business-critical cloud migration on the horizon, BSM, one of the world’s largest shipping companies, was seeking a solution to monitor its environment for potential threats, both now and in the future. Working with Kroll gives the company greater visibility across its global network of offices and ships to better detect and respond to threats.

In today's digital landscape, data security is more crucial than ever. Recently, Snowflake, a leading cloud data platform, has observed a significant uptick in cyber threat activity targeting some of its customers' accounts. This development has prompted an in-depth investigation to understand and mitigate these risks.

New insight into ransomware attacks show that cyber attacks are a top concern for organizations – with many not aware they were a victim until after the attack. According to Arctic Wolf’s The State of Cybersecurity: 2024 Trends Report, 91% of reported ransomware attacks included a data exfiltration effort. This is far more than the sub-80% numbers we’ve seen from the Coveware quarterly reports we cover.

Top tips is a weekly column where we highlight what’s trending in the tech world today and list ways to explore these trends. This week, we’re looking at three signs that your device may be infected with crypto malware. Has your computer been acting strange lately? Has the performance tanked out of nowhere, and are you experiencing overheating issues even though you’re not running any particularly demanding tasks at the moment?

Real-world malware 100% protection with zero false positives Elastic Security has achieved remarkable results in the recent AV-Comparatives Malware Protection Test, with a protection rate of 100% and no false positives against real-world malware samples. This independent assessment underscores our commitment to providing world-class malware protection, with zero false positives and zero user impact.

Read also: the US dismantles the 911 S5 proxy botnet, a T-Mobile hacker arrested in Turkey, and more.

As we near the halfway point of 2024, it is apparent that the epidemic of extortionary cyber attacks will continue unabated into the foreseeable future. Now more than ever, I believe that until organizations adopt cultural approaches to cybersecurity, breaches will continue to wreak havoc on companies and industries. But why is this? There are far too many reasons to enumerate here, but in my experience the biggest factors are.

From late 2023 and into 2024, the ransomware ecosystem has become more diverse than ever, with an ever-expanding cast of extortion groups. Established players continue to compromise large companies globally, while smaller, newer groups are breaking into the scene with increasing frequency. From January to mid-May 2024 alone, 22 new ransomware groups emerged. In comparison, only 22 groups emerged during the entire two-and-a-half-year period between January 2018 and August 2020.

Believing that your organization is immune to ransomware is wishful thinking at best. Despite advancements in enterprise cybersecurity, the reality is that breaches are not a matter of if but when. Even the most sophisticated preventative measures can be circumvented by determined and resourceful cybercriminals, whose methods are constantly evolving. The fallout from a successful ransomware attack can be catastrophic.