Ransomware Extortion Demands Soar to $5.2M per Attack

July 3, 2024

Ransomware demands are reaching new heights in 2024, with the average extortion demand per ransomware attack being more than $5.2 million per incident in the first half of the year. In an analysis calculated from 56 ransom demands from January until June of this year, the largest demand was $100 million after an attack on […]

Bay Area Credit Union Struggles to Recover After Ransomware Attack

July 3, 2024

Tens of thousands of customers of Bay Area credit union Patelco remain without access to their accounts, following a crippling ransomware attack on the 88-year-old financial institution. The June 29 attack forced the credit union to shut down several of its key banking systems in a measure to contain damage and remediate the issue. Restoration […]