Researcher Claims: Teens with “Digital Bazookas” are Winning Ransomware War

One thing that Boeing, the Australian shipping company, the world’s largest bank and the world’s biggest law firm share in common is that they have all suffered a cybersecurity incident, at least once. And, these breaches have apparently been conducted by a teenage hacker, all due to the companies’ failure in patching a critical vulnerability that their security professionals warned about weeks ago, according to a post published by doublepulsar on Monday.

According to Kevin Beaumont, a freelance security researcher, Some other notable victims of cybersecurity breaches include DP World, the Australian branch of the Dubai-based logistics company DP World; Industrial and Commercial Bank of China; and Allen & Overy, a multinational law firm.

These four companies have recently admitted to being struck with at least one security incident. Also, China’s ICBC has allegedly paid an undisclosed amount of ransom to retrieve their encryption keys for data that remained unavailable since the breach.

Beaumont stated the four businesses are among the ten victims he is aware of that are presently being blackmailed by LockBit, one of the most active and destructive ransomware crime syndicates in the world, citing data that allows the tracking of ransomware operators and those familiar with the breaches. Despite a fix being available since October 10, Beaum

[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.

This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents