Let’s take a look at a brief overview of ransomware attacks from the past week. In the spotlight: Medusa, Philippine, The Weather Network, LockBit, Trend Micro, Coalition, US, Cybersecurity and Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI), Snatch, SIBOS, Toronto, Canada, Dallas, Texas, Royal

Cybercriminals wielding the Medusa ransomware have orchestrated a significant attack against a major Philippine medical insurance corporation. As of now, the hackers have demanded a multimillion ransom in exchange for decrypting files and withholding stolen confidential data.

The Weather Network faced a dire assault from the LockBit ransomware. The culprits have since contacted the company’s leadership, demanding a ransom and threatening to leak the pilfered information publicly.

Insider sources at Trend Micro have revealed a shift in the modus operandi of ransomware attackers. Instead of targeting large-scale entities, these cybercriminals are now zeroing in on simpler, less-guarded firms.

In a recent update, the prominent insurance firm Coalition reported a surge during the first half of 2023 in claims for payouts under ransomware protection policies.

A new study indicates that in 2023, the average loss from ransomware attacks in the US stands at approximately $115,000.

The United States Cybersecurity and Infrastructure Security Agency (CISA) in tandem with the Federal Bureau of Investigation (FBI) have issued safety guidelines, cautioning about the heightened activity of the Snatch ransomware.

At the annual SIBOS conference held in Toronto, Canada, experts shed light on the current crisis faced by ransomware developers and their operators.

Officials in Dallas, Texas, announced this week that the May 2023 ransomware attack by Royal, which led to a total shutdown of the city’s IT systems, was initiated via a compromised account breach.