ransomware Archives - CFO

Some Kronos Customers Face Payroll, Scheduling Disruptions From Hack

Some Kronos Customers Face Payroll, Scheduling Disruptions From Hack

A ransomware attack could disable Kronos' cloud-based solutions for managing payroll and employee scheduling for weeks.

By Matthew Heller | December 15, 2021

How to Survive a Ransomware Attack

How to Survive a Ransomware Attack

The biggest question that arises in the wake of a ransomware attack is whether to pay the ransom, and the answer is by no means easy.

By Bob Violino | October 19, 2021

U.S. Slaps Crypto Exchange With Sanctions

U.S. Slaps Crypto Exchange With Sanctions

In an unprecedented enforcement action, the Treasury Department says Suex OTC facilitated the laundering of illicit proceeds from ransomware attacks.

By Matthew Heller | September 21, 2021

AM Best Warns of ‘Grim’ Future for Cyber Insurers

AM Best Warns of ‘Grim’ Future for Cyber Insurers

The increase in cyber losses outstripped rate hikes last year, suggesting "more trouble for 2021 as ransom demands continue to grow."

By Matthew Heller | June 7, 2021

Cybersecurity Evolves to Handle Remote Workers

Cybersecurity Evolves to Handle Remote Workers

Security controls and cyberattack prevention are still catching up to the remote-work shift.

By Vincent Ryan | May 21, 2021

Ransomware Hackers Hit UHS Hospital Chain

Ransomware Hackers Hit UHS Hospital Chain

The attack on Universal Health Services left doctors and nurses scrambling to render care, with computers replaced by pen and paper.

By Matthew Heller | September 29, 2020

Chinese Nationals Charged With Hacking Attacks

Chinese Nationals Charged With Hacking Attacks

“The United States government is starting to turn the tide on Chinese intrusion operations on Western companies and targets."

By Matthew Heller | September 17, 2020

Cybersecurity Insurer Chubb Hit With Possible Ransomware Attack

Cybersecurity Insurer Chubb Hit With Possible Ransomware Attack

The company said it had no evidence the incident affected its own network and remains fully operational.

By Lauren Muskett | March 27, 2020

Attacked by Ransomware, Many Companies Opt to Pay Up

Attacked by Ransomware, Many Companies Opt to Pay Up

The demanded ransom is often a moderate amount that would pale in comparison to the recovery and reputational costs for a company that refuses to pay.

By David McCann | February 14, 2020

LabCorp Hit by Ransomware But No Data Stolen

LabCorp Hit by Ransomware But No Data Stolen

The strain of ransomware that was reportedly used in the attack on LabCorp can "effectively lock down a computer, encrypting all the files inside."

By Matthew Heller | July 20, 2018

Atlanta Hack Highlights Ransomware Dangers

Atlanta Hack Highlights Ransomware Dangers

The crippling attack on Atlanta's network shows that local governments need to “start considering cybersecurity on the same level as public safety.”

By Matthew Heller | March 28, 2018

Enemy Cyber Campaigns Target Private Sector

Enemy Cyber Campaigns Target Private Sector

World War II strategy offers insights into how nation-states are hacking into U.S. companies.

By David Katz | November 2, 2017

Data Held Hostage

Risk Management

Data Held Hostage

The damage inflicted in this year’s ransomware attacks will force corporations to review their IT resilience.

By Vincent Ryan | September 28, 2017

Six Ways to Curb the Costs of a Data Breach

Six Ways to Curb the Costs of a Data Breach

You can’t lose a customer’s or an employee’s data if you don’t have it.

By Rotem Iram | August 2, 2017

Malware Bug to Infect Nuance’s Q3 Results

Malware Bug to Infect Nuance’s Q3 Results

The company says the "NotPetya" malware attack caused a loss of healthcare transcription revenues and left it unable to fulfill customer orders.

By Matthew Heller | July 21, 2017