The government of Costa Rica declared a national emergency on May 8th, 2022, Sunday, as most of its government websites were impacted by ransomware, disrupting servers and back-end operations to the core.

Rodrigo Chaves, the President of Costa Rica, released an official statement on this note and added that the hackers were demanding $10 million to hand over the stolen 672GB data and decrypt the locked-up files.

Conti Ransomware gang has declared that it is behind the incident and said that it is ready to negotiate with the government for a 20% discount.

Concernedly, the Costa Rican Social Security Fund (CCSS), a health care agency, was also targeted in the incident by the Conti gang and about 72GB of its data was leaked onto the dark web a few hours ago.

Second is the news related to the Colonial Pipeline Cyber Attack that took place at the same time last year. The US Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) has issued a notice to the management of Colonial Pipeline and proposed a penalty of $986,400, i.e. nearly $1 million.

On May 8th,2021, Colonial Pipeline declared its servers were targeted by Darkside ransomware spreading gang disrupting the distribution of gasoline, diesel, and jet fuel from Texas to New Jersey. As a result of the digital attack, a kind of fuel shortage arise across 17 states and the white house was ready to declare a state emergency as at one point the fuel shortage was declared to be severe.

A special inquiry team was appointed by the government in June 2021 and it discovered that Colonial Pipeline failed to protect its IT Infrastructure with appropriate cyber security measures and so a penalty of nearly $1m was being levied. However, the fuel supplier will be given adequate time to file a counter-petition against the penalty.

 

The post Costa Rica declares ransomware emergency and Colonial Pipeline Cyber Attack fetches $1 Million penalty appeared first on Cybersecurity Insiders.

The Government of the United States has announced a $15 million reward to those who provide tip-off’s related to Conti Ransomware Group whereabouts and details related to their future attack campaigns.

FBI issued an estimate that the year 2021 witnessed a 60% rise in ransomware attacks launched by Conti Gang and the reward it might have received from its 1k victimized targets is $150 million.

Ned Price, the State Department’s spokesperson, said that the reward announcement shows the Biden led government’s commitment to blocking the future exploitation by cyber criminals through ransomware attacks.

To those interested in knowing more about the reward, here’s a gist. The reward will be set to be split into two- the $10m for offering info related to the gang members and $5m for leading to arrests of those conspiring with Conti.

Second is the news related to a ransomware attack launched on a US manufacturer of agricultural machinery named AGCO.

The ransomware gang that launched the attack is yet to be identified, but reports are in that it could be a notorious gang related to Russian Intelligence and could have launched the attack as AGCO donated a $50,000 fund to Ukraine civilians suffering from Russian war invasion.

The ransomware attack news came in when the FBI announced a week back that the whole of the farming and agriculture sector in America was vulnerable to cyber attacks launched by state funded hacking groups from Kremlin.

 

The post Two Ransomware news headlines trending on Google appeared first on Cybersecurity Insiders.