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New Report Profiles Ransomware Cybergangs ecommercetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecommercetimes.com Daily Mail and Mail on Sunday newspapers.
); //]]>// > By Jack M. Germain May 21, 2021 4:00 AM PT That old adage about crime never pays could not be more false, at least when it comes to modern-day cybercriminals. For those bad actors using ransomware as their weapon, crime is paying more than ever. Cybersecurity company Emisoft estimates that the true global cost of ransomware, including business interruption and ransom payments in 2020, was a minimum of US$42 billion and a maximum of nearly $170 billion. A survey by Veritas Technologies found that 66 percent of victims admitted to paying part or all of the ransom, according to a report released Wednesday by managed detection and response firm eSentire. ....
Ransomware Attacks Are Getting More Specialized Lately May 20, 2021 12:37 GMT · Comment
Ransomware Cyberattacks If you were to look at the statistics, every week a new organization is targeted by a ransomware attack. Nevertheless, a new study from eSentire s security research team and Dark Web researcher Mike Mayes reveal that the events we see in the news are just a fraction of the true number of victims. According to the eSentire Ransomware Study, six ransomware groups infected 292 organizations between January 1 and April 31, 2021. The study estimates that the groups made at least $45 million from the attacks and describes several attacks that were unreported. ....
Heath Defoor to principal and Mark Gordon to department manager for its Tacoma office. Defoor will take over the Seattle materials testing and inspection services group, replacing Mike Dolder, who is retiring after 30 years with the firm. Mike Mayes and Tim Beckerle will continue to support Defoor as senior consultants. Defoor has 18 years of experience including the last seven with Mayes Terracon as senior project manager and department manager. He has worked on projects in the Northwest, including the Lincoln Square expansion, 2+U, Expedia Seattle Headquarters Campus, Microsoft Refresh Campus and 333 Dexter. Gordon manages materials testing, laboratory quality control, safety programs and field staff. He is a WABO registered technical director, special inspector and lab and field supervisor. He has over 25 years materials testing and inspection experience with 20 at Mayes Terracon, a consulting engineering firm that provides environmental, facilities, geotech ....