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Tag Archives: ransomware

What Do You Get When You Hire a Ransomware Negotiator?

Fraud Management & Cybercrime , Incident & Breach Response , Ransomware Negotiators Can Buy Time and Lower Ransoms, But Do They Just Encourage Cyber Gangs? Akshaya Asokan (asokan_akshaya) • March 14, 2025     Image: Shutterstock Time was ticking for the Royal Mail security team on an early winter morning …

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New ransomware gang shows LockBit link

Mora_001’s Franken-malware based on LockBit 3.0 Researchers at Forescout are tracking a new ransomware coterie using payloads linked to the LockBit group. The new gang, known as Mora_001, has been active since January, and has allegedly exploited two Fortinet vulnerabilities to secure a foothold in victim’s estates and deploy its …

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CSIS report reveals surge in sophisticated cyber threats

CSIS Security Group has released its latest Threat Matrix report shedding light on the dynamic and complex cyber threat landscape in the first half of 2024. The report reveals a stark increase in the frequency and sophistication of cyberattacks, including those attributed to nation-state actors, hacktivism, and refined cyber techniques …

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UK Orgs Tout Government Help in Ransomware Incidents

Fraud Management & Cybercrime , Geo Focus: The United Kingdom , Geo-Specific Former Royal Mail and Manchester University CISOs Talk Ransomware Response Akshaya Asokan (asokan_akshaya) • September 17, 2024     Timely notification of ransomware incidents to British law enforcement agencies played a crucial role in understanding the threats and …

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LockBit Ransomware Gang Claims It Hacked SpaceX Supplier

Photo: Joel Kowsky (AP) A ransomware gang is threatening to release SpaceX’s prized business secret: the design of its rockets. The Lockbit gang claimed it breached Maximum Industries, a fabricator of rocket parts for Elon Musk’s rocket company based in Texas, and pilfered “3,000 drawings” from the contractor, according to …

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LockBit leaks Royal Mail’s data, renews ransom demand

The LockBit ransomware gang, which exfiltrated a significant amount of data from Royal Mail‘s IT systems, has leaked some of the data and has also set a new ransom demand of £33 million. Previously, LockBit had demanded a staggering £66 million, which Royal Mail deemed unreasonable and rejected. The group …

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Royal Mail Refused ‘Absurd’ LockBit Extortion Demand

Fraud Management & Cybercrime , Geo Focus: The United Kingdom , Geo-Specific Hackers Demanded $80 Million in Ransom Akshaya Asokan (asokan_akshaya) • February 15, 2023     Negotiations between the LockBit ransomware-as-a-service gang and Royal Mail appear to have broken down earlier this month, shortly after a postal representative called …

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