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The U.S. Federal Bureau of Investigation disclosed that it infiltrated the BlackCat ransomware group, a Russia-based criminal organization also known as ALPHV. The FBI seized BlackCat's darknet website and released a decryption tool that hundreds of victim companies can use to recover systems encrypted by BlackCat ransomware. BlackCat briefly regained control of its darknet site in response to a message promising higher affiliate commissions of 90% and removing restrictions on targeting certain organizations like hospitals or nuclear power plants.

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The FBI reported a record $12.5 billion in losses from online scams in 2023, up over $2 billion from 2022. Over a third of losses, or $4.5 billion, came from investment scams, many involving romance scams tricking people into fake crypto schemes. Reported losses from ransomware attacks also rose, from $34 million in 2022 to $59 million in 2023. The healthcare sector reported the most ransomware incidents of any sector in 2023. The FBI report shows the growing financial toll of cybercrime, but the true costs are likely higher due to unreported scams and attacks.

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This research models the impact of a ransomware attack on the user’s trust, which in turn has an effect on their decision to pay the ransom or follow the guidance from the relevant institutions. The model shows that the effectiveness of the attack, the trust in the competence of the attacker and ransomware demands that are reasonable and easy to fulfill, positively influence the intention to pay the ransom. The initial institutional response, institutional trust and institutional solution influence the intention to follow the institutional guidance.Link to full paper (you need an AIS membership):https://aisel.aisnet.org/amcis2018/Security/Presentations/31/Reference:Zarifis A. & Cheng X. (2018). The Impact of Extended Global Ransomware Attacks on Trust: How the Attacker's Competence and Institutional Trust Influence the Decision to Pay, Proceedings of the Americas Conference on Information Systems (AMCIS), pp.2-11. Available from: https://aisel.aisnet.org/amcis2018/Security/Presentations/31/

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Protecting a computer from one of the latest cyber attacksThis is a real infection scenario by a live “Ransomware”RansomSaver is a unique 100% free, full feature, ad-free application that works on top of Outlook (Add-In) and protects you from emails that carry ransomware attachments. It will make sure every email you open does not contain any potential malware. It works on versions Outlook 2007, 2010, 2013, 2016 & Outlook for Office 365 and Computers newer than Windows XP. It works on both Outlook versions 32 bit and 64 bit.Who needs RansomSaver: Mainly users in businesses/offices who are bombarded by ransomware emails and they are not sure if an email is a legit correspondence from colleagues/clients. Ransomware looks like important email and you can easily be tricked into opening it.How it works: RansomSaver scans for all latest potential dangerous attachments (not blocked by Outlook). It also searches for dangerous executable signatures inside archived files, without opening them. If there is a positive alarm, the email is moved to the ‘RansomSaver’ folder under your ‘Deleted Items’. In case of a false positive you can still move the email back to your inbox.Why use it: Because since ransomware was introduced back in 2015, criminals are one step ahead of security companies. Even now we see emails arriving in our clients’ computers bypassing expensive state of the art firewall protection hardware or software. On the other hand not all people on this planet can afford such an expensive solution.https://synergy-usa-llc.com/ransomsaver/