Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

The threat of ransomware attacks continues to strike organizations, government institutions, individuals, and businesses across the globe. These attacks have skyrocketed in frequency and sophistication, leaving a trail of disrupted operations, financial loss, and compromised data. Statistics reveal that there will be a new ransomware attack after every two seconds by 2031 while the companies lose between $1 and $10 million because of these attacks.

The rapid and widespread adoption of artificial intelligence (AI) has ushered in a new era of technological advancement, revolutionizing various industries and becoming immensely popular worldwide. AI-driven applications and solutions have streamlined processes, improved efficiency, and enhanced the overall user experience. However, this surge in AI’s popularity also comes with a dark side.

In today’s interconnected world, the reliance on secure file transfer software is paramount for businesses dealing with sensitive data. Among these tools, MOVEit Transfer software has been a popular choice worldwide, especially in the US, to ensure secure file transfers. However, recent events have exposed its vulnerabilities, leading to the active exploitation by the CI0p ransomware group.

USB-based malware attacks spike during the first half of 2023, ransomware payments skyrocket, and Big Head ransomware accelerates.

CyberWire wrote: "Researchers at SlashNext describe a generative AI cybercrime tool called “WormGPT,” which is being advertised on underground forums as “a blackhat alternative to GPT models, designed specifically for malicious activities.” The tool can generate output that legitimate AI models try to prevent, such as malware code or phishing templates.

New insight from blockchain analysis company, Chainalysis, shows that activity involving known ransomware crypto addresses has grown over the last 18 months, despite a downfall of other malicious activity. When I cover reports, there’s an understanding that the accuracy of the data provided is dependent on the number of organizations responding to a survey, the geos and industries represented, etc.

Since December 22nd, 2022, there has been an increase in malware sent via Phishing emails via a OneNote attachment. As with most phishing emails, the end user would open the OneNote attachment but unlike Microsoft Word or Microsoft Excel, OneNote does not support macros. This is how threat actors previously launched scripts to install malware.

As the rate of ransomware attacks steadily increased over time, there are clear indicators as to how these attacks are starting and, therefore, what can be done to stop them. With the exception of the Verizon Data Breach Investigations Report, we rarely get insight into specific industry verticals.