ransomware News

US, UK Sanction Russians Tied to TrickBot Hacking Gang

The US and UK have imposed sanctions on seven alleged members of a Russia-based cybercrime gang, the first such joint action from the two countries. The sanctions target accused members of TrickBot ransomware group, which officials say developed a virus …

Ransomware Outbreak Hits US and European Universities, Florida Supreme Court

A global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several universities in the United States and Central Europe, according to a Reuters analysis of ransom notes posted online to stricken servers. Those organizations are among more …

Massachusetts’ MKS Instruments Investigates Ransomware Attack

MKS Instruments Inc. said on Monday it was investigating a ransomware attack that occurred last week and affected the semiconductor equipment maker’s production-related systems. The company said it was in the early stages of investigating the attack that it identified …

U.S. CFTC Traders Report Delayed by Ransomware Attack on Data Firm ION

The U.S. Commodity Futures Trading Commission said on Thursday that as a result of the ransomware attack on ION Trading UK the CFTC’s weekly Commitments of Traders report will be delayed until all trades can be reported. ION Group, the …

Cyber Attack Hits 1,000 Merchant Ships as Norway Firm Targeted

A cyberattack on a Norwegian shipping services firm ensnared about 70 companies and 1,000 ships. Oslo-based DNV, one of the world’s top ship-classification firms, suffered a ransomware cyberattack on Jan. 7, it said in a statement on its website. The …

Fewer Companies Are Paying Ransoms to Hackers, Researchers Say

Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc. In findings published on Thursday, the blockchain forensics firm estimated that ransom payments — which are almost always …

Ransomware Attack Closes 300 Yum Brands Eateries in UK for a Day

Yum! Brands, Inc. on Wednesday announced that a ransomware attack affected certain information technology systems. Almost 300 of its restaurants in the United Kingdom were closed for one day, but the company said all stores are now operational. Although data …

Ransomware Group With Links in Russia Behind Royal Mail Incident

A cyber incident that led to severe disruption to Royal Mail’s international export services was caused by Lockbit, a ransomware group that some cybersecurity experts say has members in Russia, Britain’s Telegraph newspaper reported. Royal Mail, one of the world’s …

Ohio Supreme Court: Ransomware Did Not Cause Direct Physical Loss

A business owner’s insurance policy did not provide coverage for software damaged by a ransomware attack because there was no direct physical damage or loss, the Ohio Supreme Court ruled. “Computer software cannot experience ‘direct physical loss or physical damage’ …

Ransomware Did Not Cause Direct Physical Loss, State High Court Says

A business owner’s insurance policy did not provide coverage for software damaged by a ransomware attack because there was no direct physical damage or loss, the Ohio Supreme Court ruled. “Computer software cannot experience ‘direct physical loss or physical damage’ …