Ransomware Attack on Phone Repair and Insurance Company Cause Millions in Damage

The sudden emergence of the Royal ransomware in early 2023 marked a significant escalation in cyber threats targeting service providers across Europe. Exploiting unpatched VPN and remote-desktop gateways, attackers initiated brute-force and credential-stuffing campaigns to breach perimeter defenses. Once inside, the malware deployed a custom encryption engine that leveraged AES-256 for file encryption and RSA-4096 […]

The post Ransomware Attack on Phone Repair and Insurance Company Cause Millions in Damage appeared first on Cyber Security News.