Browsing: Victims

Beyond the immediate headache for consumers impacted by a data breach, new Virginia Tech research has found they can also trigger years of financial repercussions such as mortgage refinancing and home improvement loan denials. Using data from the 2012 South Carolina Department of Revenue breach, Tony Vance, professor of business information technology in the Pamplin College…

Ohio (WCMH) — More than two years after the city of Columbus was hit with a massive ransomware attack, there is a win for the victims

A ransomware crew that did not exist on August 4, 2026 had hit 16 companies across 11 countries by early September. Panzer, the group’s self-chosen name, launched a leak site on August 5 and, within roughly a month, built an affiliate network offering cross-platform encryptors for Windows, Linux, FreeBSD, and VMware ESXi. Researchers who track…

Manufacturing organizations made up over a fifth (22%) of all ransomware victims in the period from April 2025 to March 2026, according to new Black Kite study.

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The new law allows disaster victims to deduct qualified losses above $500 per disaster without itemizing and removes the 10% AGI threshold for those losses.

Ransomware attacks have evolved significantly over the years. What initially began as a form of malware designed primarily to encrypt files and demand payment for their recovery has now developed into a much more aggressive cyber extortion model. Cyber-criminals are increasingly combining data theft, encryption, and additional extortion tactics to put greater pressure on victims.

Federal agencies warn that Medusa ransomware has hit more than 500 victims and can exploit newly disclosed vulnerabilities within 24 hours of release.

A ransomware operation that has compromised more than 500 critical infrastructure organizations is highlighting a major challenge for security leaders: attacks are becoming increasingly industrialized, while many organizations remain focused primarily on preventing them.

Until now, ransomware attacks have primarily been associated with cybercriminals infiltrating the networks of public and private organizations, encrypting critical files, and demanding a ransom in exchange for restoring access to the affected data. In recent years, these attacks have become even more aggressive, with several criminal groups adopting double- and triple-extortion tactics to put…