Ransomware attacks have been on the rise since 2019 and peaked during the pandemic in 2021, when 68 percent of organizations globally reported they had experienced a ransomware attack. In the same year, ransomware payments by victims increased by 70 percent in the US. France was particularly hard hit by ransomware in 2021, with a reported $5.5 billion in damages—a figure surpassed only by the US ..read more

You could build the most sophisticated security system relying on the latest ransomware protection technologies, but it could all be for naught if your end users aren’t trained on how to avoid putting their organizations at risk ..read more

Ransomware attacks on MSPs are becoming more aggressive and more common. For example, during the summer of 2021, cybercriminals attacked Kaseya, affecting 1,500 customers. Hackers demanded a $70 million ransom in exchange for the ransomware decryption key ..read more

A ransomware attack on a large business can result in a lucrative payday for a cybercriminal, but it also brings added challenges. From sophisticated cybersecurity software to large IT teams and security consultants, enterprises are equipped with the tools and resources to respond to a ransomware attack. SMBs, however, are not, and that’s why they’re such a promising target ..read more

A coordinated effort between law enforcement agencies in the US, Canada, and Europe has brought an end to Emotet. On January 27, Europol announced they had shut down Emotet’s command and control infrastructure, which was located in more than 90 countries ..read more

While businesses might be tempted to make ransomware payments to put a quick end to the nightmare of a ransomware attack, it’s one of the most dangerous decisions a business can make. Paying a ransom is no guarantee that a business will recover their data, and thanks to new regulations, it can create legal culpability as well ..read more

Relatively silent for most of 2020, apart from a burst of activity in January, Emotet malware reemerged in July with a series of global attacks. It’s not surprising that Emotet went dormant for several months—this is their typical pattern. It is surprising that it took them so long to exploit the turmoil that grips most of the world due to the pandemic ..read more

Globally, ransomware damages hit a staggering $11.5 billion in 2019. MSPs in particular felt the wrath of ransomware, with attacks hitting high-profile MSP clients in government, healthcare, and other critical services. According to Datto, in the first half of 2019, 59 percent of MSPs reported ransomware attacks on clients. The average ransom request increased 37 percent, and the cost of downtime ($5,900) is 23x more than the average ransomware demand from 2018 ..read more

Ransomware attacks are on the rise, with hackers shifting their focus from enterprises to MSPs and MSP clients. In Q3 of 2019 alone, ransomware attacks increased by 37 percent, 64 percent of attacks were reported by small businesses, and 24 percent of attacks hit IT vendors or MSPs. Here are just a few recent ransomware examples that have been plaguing business and governments across the globe ..read more

MSPs have been on the receiving end of relentless ransomware attacks in 2019. In June, hackers infiltrated a number of MSPs via their Webroot management consoles. What followed was an all-out assault on MSPs and MSP client systems, with ransomware halting businesses, harming reputations, and even resulting in some high-value ransom payouts. In August, 22 Texas municipalities were hit with a ransomware attack that shuttered city operations, with one high-ranking mayor implicating the MSP ..read more