Global Ransomware Attack

One might imagine an attack on a city government and police force causing widespread and lengthy disruption would be headline news. But ransomware attacks are now so common and routine that most pass with barely a ripple of attention.

While major economies like the US and the UK witnessed a decline in ransomware attacks, India (up 133 percent) and Germany (52 percent) are among the countries that saw a huge surge in such attacks, the 2023 SonicWall Mid-Year Cyber Threat Report for the January-June period stated. At the global level, a variety of other attacks have trended up, in...

A rise in cyberattacks poses a vital risk to India’s economic ambitions, with industries from manufacturing to pharmaceuticals becoming more vulnerable as they digitise operations, according to Google Cloud. Attacks have spiked significantly in the past six months, said Amit Pradhan, India consulting leader for the cybersecurity firm Mandiant.

Cyberattacks on organisations have grown globally by 29 percent in the last six months, Check Point said in its report on Thursday. The number of ransomware attacks on organisations also increased by 93 percent annually in the first half of 2021.

India has made only modest progress in building its policy and beliefs for cyberspace security, with its offensive cyber capability focussed on Pakistan, according to a study conducted by the International Institute for Strategic Studies (IISS).

Smartwatch maker Garmin paid a multi-million dollar ransom to hackers who encrypted its data, according to a report. This news comes almost two weeks after Garmin was the victim of a ransomware attack that affected its devices globally.

Garmin smartwatches and fitness bands are facing a major outage globally. While the company has confirmed that the Garmin Connect app and website were down due to the outage, it hasn’t provided any further clarity.

The North Korean Foreign Affairs Ministry has claimed that a hacker allegedly responsible for debilitating cyber attacks against Sony and the global WannaCry ransomware outbreak does not exist, media reported.

North Korea on Thursday denied US accusations it was behind the WannaCry global ransomware cyberattack, saying Washington was demonising it.

India is among the top seven countries for ransomware circulation as cyber-attacks have increased this year globally, says Sophos.

North Korea has slammed Britain for accusing it of being behind a global ransomware attack that hit the National Health Service.

"Meeting hackers' demands will not necessarily guarantee compliance from the hackers. In many cases, the likelihood of receiving decryption keys is almost nil."

Marcus Hutchins, 23, gained celebrity status within the hacker community in May when he was credited with neutralising the global WannaCry ransomware attack.

"Ransomware has soared since 2012, with criminals lured by the promise of profit and ease of implementation," the European police agency said in a statement.

A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as US Superstorm Sandy in 2012, Lloyd's of London said in a report on Monday.

One might imagine an attack on a city government and police force causing widespread and lengthy disruption would be headline news. But ransomware attacks are now so common and routine that most pass with barely a ripple of attention.

While major economies like the US and the UK witnessed a decline in ransomware attacks, India (up 133 percent) and Germany (52 percent) are among the countries that saw a huge surge in such attacks, the 2023 SonicWall Mid-Year Cyber Threat Report for the January-June period stated. At the global level, a variety of other attacks have trended up, in...

A rise in cyberattacks poses a vital risk to India’s economic ambitions, with industries from manufacturing to pharmaceuticals becoming more vulnerable as they digitise operations, according to Google Cloud. Attacks have spiked significantly in the past six months, said Amit Pradhan, India consulting leader for the cybersecurity firm Mandiant.

Cyberattacks on organisations have grown globally by 29 percent in the last six months, Check Point said in its report on Thursday. The number of ransomware attacks on organisations also increased by 93 percent annually in the first half of 2021.

India has made only modest progress in building its policy and beliefs for cyberspace security, with its offensive cyber capability focussed on Pakistan, according to a study conducted by the International Institute for Strategic Studies (IISS).

Smartwatch maker Garmin paid a multi-million dollar ransom to hackers who encrypted its data, according to a report. This news comes almost two weeks after Garmin was the victim of a ransomware attack that affected its devices globally.

Garmin smartwatches and fitness bands are facing a major outage globally. While the company has confirmed that the Garmin Connect app and website were down due to the outage, it hasn’t provided any further clarity.

The North Korean Foreign Affairs Ministry has claimed that a hacker allegedly responsible for debilitating cyber attacks against Sony and the global WannaCry ransomware outbreak does not exist, media reported.

North Korea on Thursday denied US accusations it was behind the WannaCry global ransomware cyberattack, saying Washington was demonising it.

India is among the top seven countries for ransomware circulation as cyber-attacks have increased this year globally, says Sophos.

North Korea has slammed Britain for accusing it of being behind a global ransomware attack that hit the National Health Service.

"Meeting hackers' demands will not necessarily guarantee compliance from the hackers. In many cases, the likelihood of receiving decryption keys is almost nil."

Marcus Hutchins, 23, gained celebrity status within the hacker community in May when he was credited with neutralising the global WannaCry ransomware attack.

"Ransomware has soared since 2012, with criminals lured by the promise of profit and ease of implementation," the European police agency said in a statement.

A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as US Superstorm Sandy in 2012, Lloyd's of London said in a report on Monday.