Technology giant Olympus hit by BlackMatter ransomware

Olympus said in a brief statement Sunday that it is “currently investigating a potential cybersecurity incident” affecting its European, Middle East and Africa computer network. “Upon detection of suspicious activity, we immediately mobilized a specialized response team including forensics experts, and we are currently working with the highest priority to resolve this issue. As part […]

Howard University cancels classes after ransomware attack

Washington, D.C’s Howard University has canceled classes after becoming the latest educational institution to be hit by a ransomware attack. The incident was discovered on September 3, just weeks after students returned to campus, when the University’s Enterprise Technology Services (ETS) detected “unusual activity” on the University’s network and intentionally shut it down in order […]

Ransomware recovery can be costly, and not just because of the ransom

Ransomware is rarely out of the headlines. Just last week, IT consulting giant Accenture was hit by the LockBit ransomware gang, days after Taiwan-based laptop maker Gigabyte also fell victim to an apparent ransomware attack, leading the hackers to leak gigabytes of confidential AMD and Intel data. Unsurprisingly, ransomware — which has rocketed in activity […]