Halcyon

Power Rankings: Ransomware Malicious Quartile Q3-2024 By the midpoint of the year, ransomware payments reached a staggering $459 million, a $10 million increase over the same period in 2023, reflecting a concerning upward trend in ransomware-related extortion. The was a spike in ransom demands from some of the most dangerous ransomware groups. In early 2023, the median ransom payment stood at $198,939. However, by mid-2024, this figure skyrocketed to $1.5 million. The Halcyon team of #ransomware experts put together this #RaaS and #extortion group power rankings guide as a quick reference for the ransomware threat landscape based on data from throughout Q3-2024: https://lnkd.in/gY5FXCQ7 #cyberattack #infosec #security #cybersecurity #ransomware #RMQ

Investing in another endpoint security product? No way. Or so Jay Leek thought. Having backed early-stage companies like Carbon Black and Cylance, Jay, Managing Partner and Co-Founder of SYN Ventures, swore he would never invest in another endpoint product. Then Halcyon’s CEO, Jon Miller, and CMO, Ryan Golden, pitched Jay the idea for an endpoint agent to stop ransomware. Jay did his homework, determined to shoot down the idea. But after talking to 40 CISOs, he realized that preventing ransomware and offering recovery capabilities wasn’t just desperately needed – it was essential. And the rest is history. Click the link below to Ben Carr’s full interview with Jay that covers topics from investment strategy to AI and cybersecurity, to the growth of ransomware.? https://lnkd.in/gZRKGfn8

#UMC Health and #TexasTech Health Sciences Center's Systems Still Offline Three Weeks After Attack While UMC Health appears to be making progress on its restoration, damage from the ransomware incident is potentially widespread. "The goal of ransomware operators is to infiltrate as much of the network as possible before delivering the encryption payload so they can cause as much disruption as possible in order to extract the largest ransom payment possible," said Jon Miller, CEO and co-founder of anti-ransomware company Halcyon told Information Security Media Group (ISMG)... https://lnkd.in/gMpVkcWv #infosec #security #cybersecurity #cyberattack #ransomware

What would you do if your company was targeted by ransomware every two seconds? By 2031, that's the terrifying reality we could be facing, with predictions suggesting up to 43,200 ransomware attacks daily. The scale and sophistication of ransomware has exploded, and it's no longer a question of if a company will be targeted – it’s a question of when and how often. Halcyon was founded in 2021 to confront this growing crisis head-on. As our CEO, Jon Miller, explains, Halcyon was built with a single mission: to stop ransomware in its tracks by offering organizations a robust, multi-layered defense strategy. As ransomware becomes an ever-present threat, Halcyon’s Anti-Ransomware Platform is designed to not only prevent attacks but also enable recovery, ensuring businesses remain resilient in the face of increasingly sophisticated threats. Learn more about how Halcyon is helping organizations prepare for a new era of cyberattacks and ransomware. https://lnkd.in/g6beVWjb

Great interview - Halcyon segment at 3:35...

Investors will meet with hundreds of companies each year to determine opportunity and fit. But what can really make one organization stand out from another? According to Jay Leek, Managing Partner and Co-Founder of SYN Ventures – it’s one word. Team. As he discussed with Halcyon’s Ben Carr, investing comes down to the three T’s: Team, TAM (Total Addressable Market), and Technology. -Team is everything: A strong, adaptable team can overcome any obstacle. A weak team burns through venture dollars without getting anywhere. -TAM and technology matter: You can’t create demand where there isn’t any. The total addressable market has to exist, and customers must want to buy what you're selling. Technology also needs to be strong, but the right team can build and improve on that. -Coachability and collaboration are essential:: Venture capital isn’t just about money – it’s about building something great between the investee and the investor. If effective collaboration isn’t there, the deal won’t work, no matter how good the product is. Access the full interview with Ben and Jay in the link in the comments.

#UMC Struggles to Recover from Extensive Ransomware Attack As of October 11, UMC Health reported significant progress in restoring several key IT systems following a recent outage. Additionally, UMC has restored its “Find-a-Physician” feature on its website, allowing patients to resume access to physician information and appointments. Neither UMC Health or TTUHSC has confirmed whether sensitive data belonging to patients, students, or employees has been compromised. The loss of sensitive data triggers significant regulatory scrutiny, especially in the #healthcare sector, where #legal and #regulatory repercussions can be severe... https://lnkd.in/gax-e9Gz #cybersecurity #infosec #security #cyberattack #ransomware #TTUHSC

Ransomware on the Move: #Akira, #HuntersInternational, #Qilin, #RansomHub Halcyon publishes a quarterly #RaaS and data #extortion group reference guide, Power Rankings: Ransomware Malicious Quartile. Here's the #ransomware on the move last week: - Akira continued its aggressive assault on critical #infrastructure, with notable attacks on Cascade Columbia Distribution and TRC Worldwide Engineering. Sensitive data #exfiltration in both cases led to operational disruptions. - Hunters International targeted organizations holding highly sensitive data, including a breach at Ibermutua, a Spanish #insurance provider, where 647 GB of data, including #financial records and #PII, were stolen. - Qilin’s focus this week included significant attacks on accounting and #legal firms. - RansomHub executed devastating attacks on Enterprise Outsourcing, stealing 7 TB of data, and Omniboxx, where 500 GB of critical information were compromised. https://lnkd.in/gaX87KHF #infosec #security #cybersecurity #cyberattack

Ransomware Attack on #Casio Exposes Sensitive Customer Data Casio, the Japanese electronics giant, confirmed that a #ransomware attack earlier in October led to the theft of sensitive company and customer data. The attack compromised personal information of employees, contractors, business partners, and job applicants, as well as internal documents, including invoices and human resources files. Even if an organization is capable of recovering from an attack without paying a #ransom, the exposure of sensitive data creates additional #legal and #regulatory #risk... https://lnkd.in/gX6f78U8 #cybersecurity #infosec #security #cyberattack

Last week in ransomware news we saw an?attack disrupt the largest water utility in the US, ransomware attacks becoming the new snow days for schools, and the TellYouThePass gang?exploiting a PHP flaw... #infosec #security #cybersecurity #cyberattack #ransomware Halcyon