Tag Archive for: Ransomware

Why Paying Should Be A Last Resort In Ransomware Attacks

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The economy as a whole hasn’t shown much improvement. Inflation has been much stickier than most analysts and companies were hoping, with the Federal Reserve declining to lower interest rates on Wednesday. GDP growth has also been much slower than analysts expected. But Big Tech’s push into AI is providing markets with the optimism they’re missing elsewhere. Google parent company Alphabet, Microsoft and Amazon all reported earnings in the last week, and each showed impressive AI-related earnings gains with the promise of more to come.

On Tuesday, Amazon’s quarterly report saw a 13% year-over-year increase in net sales. While the bulk of that came from its e-commerce division, its AWS cloud computing segment saw a 17% sales boost, bringing in $25 billion. Part of AWS’s success came from some of its new AI functions, including its Amazon Q AI assistant for writing, testing, debugging and translating code; and through its Amazon Bedrock generative AI service, which allows companies to build their own apps based on the foundation of LLMs from leading companies including Anthropic, Meta and Mistral AI. Amazon’s optimistic earnings boosted its share price 3% in immediate trading.

Following a blockbuster earnings report last Thursday afternoon that smashed analysts’ expectations, Google parent Alphabet’s stock price surged nearly 10%, boosting it to its first valuation reliably exceeding $2 trillion. Microsoft, which also reported earnings Thursday afternoon, beat analysts’ expectations with overall revenue increasing 17% year over year. Both companies’ success pushed the overall stock market higher and gave a significant boost to the share prices of tech companies in the chip business, including Nvidia, AMD and Arm Holdings.

While Alphabet and Microsoft both have a wide variety of business areas, AI was the engine that drove the results and the rallies. In the beginning of the earnings call, Alphabet CEO Sundar Pichai describes the company as being in…

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Ransomware poses growing threat to healthcare data security

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Ransomware poses growing threat to healthcare data security | Insurance Business Australia















Report outlines cyberattacks’ impacts on organisations and their security leaders

Ransomware poses growing threat to healthcare data security


Cyber

By
Roxanne Libatique

Healthcare organisations across the globe are increasingly at risk from cyberattacks, according to a recent report by data security researcher Rubrik Zero Labs.

The report, “The State of Data Security: Measuring Your Data’s Risk,” provides a comprehensive overview of the cybersecurity landscape, emphasising the risks posed by growing digital infrastructure and cloud adoption. It outlines challenges in safeguarding sensitive data and presents strategies to address the evolving…

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There was an 81% year-over-year increase in ransomware attacks

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Research from Black Kite analyzed nearly 4,900 ransomware attacks to understand malicious actors and their new techniques, their evolving operations and their global impact. Some key findings from the report include: 

  • Between April 2023 and March 2024, there were 4,893 ransomware attacks reported.
  • The United States was the most targeted country, with approximately 2300 attacks. 
  • Out of the 15 most active ransomware groups, nine are newcomers. 

The report finds that attacks are not only escalating but accelerating, suggesting ransomware groups are becoming more aggressive. The succession of attacks is increasing, sometimes within the span of a few days. This suggests that ransomware groups are monitoring each other’s activities in order to leverage an organization’s weakness after a preceding attack. Furthermore, ransomware groups are more frequently targeting smaller businesses (companies with a revenue that is less than $20 million) rather than the resource-rich organizations frequently targeted in the past. 

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Following ransomware attack, Tarrant Appraisal District extends filing deadlines – WFAA.com

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Following ransomware attack, Tarrant Appraisal District extends filing deadlines  WFAA.com

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