Close Menu
Beverly Hills Examiner

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Work stress affects your dog too, new study reveals

    May 25, 2025

    Anker Nebula X1 Home Projector Review: Gorgeous Anywhere

    May 25, 2025

    New Infrared Contacts Let You See in the Dark

    May 25, 2025
    Facebook X (Twitter) Instagram
    Beverly Hills Examiner
    • Home
    • US News
    • Politics
    • Business
    • Science
    • Technology
    • Lifestyle
    • Music
    • Television
    • Film
    • Books
    • Contact
      • About
      • Amazon Disclaimer
      • DMCA / Copyrights Disclaimer
      • Terms and Conditions
      • Privacy Policy
    Beverly Hills Examiner
    Home»Technology»Fears grow for smaller nations after ransomware attack on Costa Rica escalates – TechCrunch
    Technology

    Fears grow for smaller nations after ransomware attack on Costa Rica escalates – TechCrunch

    By AdminMay 20, 2022
    Facebook Twitter Pinterest LinkedIn WhatsApp Email Reddit Telegram
    Fears grow for smaller nations after ransomware attack on Costa Rica escalates – TechCrunch


    It’s been a rough start for the newly-elected Costa Rica president Rodrigo Chaves, who less than a week into office declared his country “at war” with the Conti ransomware gang.

    “We’re at war and this is not an exaggeration,” Chaves told local media. “The war is against an international terrorist group, which apparently has operatives in Costa Rica. There are very clear indications that people inside the country are collaborating with Conti.”

    Conti’s assault on the Costa Rican government began in April. The country’s Finance Ministry was the first hit by the Russia-linked hacking group, and in a statement on May 16, Chaves said the number of institutions impacted had since grown to 27. This, he admitted, means civil servants wouldn’t be paid on time and impact the country’s foreign trade.

    In a message posted to its dark web leaks blog, Conti urged the citizens of Costa Rica to pressure their government to pay the ransom, which the group doubled from an initial $10 million to $20 million. In a separate statement, the group warned: “We are determined to overthrow the government by means of a cyber attack, we have already shown you all the strength and power.”

    Conti is among the most prolific hacking groups. The FBI warned earlier this year that the gang was among “the three top variants” that targeted businesses in the United States, and it has been blamed for ransomware attacks targeting dozens of businesses, including Fat Face, Shutterfly, and the Irish healthcare service.

    But Conti has picked up its pace in recent months: in January and February it published 31 victims on its leaks blog. In March and April, it posted 133 victims.

    Why Costa Rica?

    Some believe that Conti’s campaign against Costa Rica is motivated for siding with Ukraine. Experts say all signs point to money.

    Brett Callow, a ransomware expert and threat analysis at Emsisoft, told TechCrunch that “there’s no reason to believe that the attack on Costa Rica is other than financially-motivated.” And Maya Horowitz, the vice president of research at Check Point Software, said based on their research, Conti’s extortion planning is “very focused and based on the ability of the victim to pay.”

    Chaves has repeatedly blamed the attack on his predecessor, former president Carlos Alvarado, for not investing in cybersecurity. While it’s unclear exactly what measures the country had implemented to protect against cyberattacks, Jorge Mora, the country’s director of digital governance recently said that four million hacking attempts were recently blocked thanks to “protection systems” installed across institutions.

    But it’s more likely that Costa Rica was just unlucky and targeted as part of a wider operation rather than due to any perceived weakness.

    “Situations like this reflect the asymmetric realities of attack and defense where attackers only need to be lucky once,” Jamie Boote, a software security consultant at the Synopsys Software Integrity Group, told TechCrunch. “If one in one hundred targets becomes a victim that can pay out millions in ransom, then it pays to target hundreds.”

    Callow adds that it’s also possible that Conti targeted Costa Rica due to the increased success U.S. and European law enforcement have seen in disrupting their operations.

    “They may not make as much money off attacks in countries like Costa Rica and Peru, but they’re not going to end up with a multi-million dollar bounty on their heads or with U.S. Cyber Command in their servers,” said Callow. “Less gain, less risk. Or, at least, that’s what they may believe.”

    An inside job?

    In a message posted to its dark web blog over the weekend, Conti claimed it had “insiders in [the Costa Rican] government”, which could go some way to explaining why the country became a target, or why the attack had such a devastating impact. This claim was echoed by  President Chaves earlier this week, saying “there are very clear indications that people within the country are collaborating with Conti.”

    However, security experts tell TechCrunch that Conti’s claims should be treated with a heavy dose of skepticism.

    “Dark web records reveal a user by this moniker has only been active on a popular cybercrime forum since March 2022 — around a month before the attacks on Costa Rica started,” Louise Ferrett, threat analyst from Searchlight Security, tells TechCrunch. “So, while it’s possible Conti could have bribed or socially engineered insiders within the country’s government, it seems unlikely they would have amassed so much influence so quickly.”

    “It is a known tactic for ransomware gangs to make exaggerated and outlandish threats in order to instill a sense of urgency in the victim and obtain a ransom payment,” Ferrett said.

    What — or who — is next?

    “The success of these attacks should concern smaller governments around the world,” Allan Liska, an intelligence analyst at Recorded Future tells TechCrunch. He added:

    While many ransomware groups won’t touch national governments, others, like Conti feel they are untouchable and will go after whatever victim they want because they assume there will be no consequences. This is going to be an increasingly bigger problem and governments have to take firm action against ransomware actors. These are non-nation-state groups engaging in essentially nation-state-style attacks and there should be appropriate repercussions for these actions.

    This is a viewpoint shared by Callow, who tells TechCrunch that we can expect to see organizations in countries outside of the U.S. receive more attention from ransomware gangs, particularly in low-income countries where cybersecurity spending is lower. “The U.S. public and private sectors are vulnerable to cyberattacks, and may be even more vulnerable in other countries,” he said.

    Conti’s attack against Costa Rica is ongoing. In a post on Friday, Conti said it will delete the encryption keys used to lock Costa Rica’s government systems on May 23. As of the time of writing, Costa Rica’s government has refused to give in to Conti’s ransom demands.

    But we are already seeing the emergence of similar attacks on smaller nation states. Greenland’s government this week confirmed that the island’s hospital system was “severely” impacted by a cyberattack, which has meant that hospital workers cannot access any patient medical records.





    Original Source Link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Email Reddit Telegram
    Previous ArticleHIV Care Has Improved Dramatically–But Not for Everyone
    Next Article Texas 2-year-old joins ‘Fox & Friends’ after ordering 31 McDonald’s burgers on mom’s phone

    RELATED POSTS

    Anker Nebula X1 Home Projector Review: Gorgeous Anywhere

    May 25, 2025

    Week in Review: Notorious hacking group tied to the Spanish government

    May 24, 2025

    Freedom of the Press Foundation Threatens Legal Action if Paramount Settles With Trump Over ’60 Minutes’ Interview

    May 24, 2025

    Startups Weekly: Cutting through Google I/O noise

    May 23, 2025

    Fire Breaks Out at a Data Center Leased by Elon Musk’s X

    May 23, 2025

    Meta adds another 650 MW of solar power to its AI push

    May 22, 2025
    latest posts

    Work stress affects your dog too, new study reveals

    If your job has you feeling tense, your dog might be feeling it too.A new…

    Anker Nebula X1 Home Projector Review: Gorgeous Anywhere

    May 25, 2025

    New Infrared Contacts Let You See in the Dark

    May 25, 2025

    Honey Don’t! – first-look review

    May 25, 2025

    Hannah and Archer, Stellaride Pregnancy, Crossovers, More

    May 25, 2025

    10 Best Silver Chains For Men – Subtle Style For 2025

    May 25, 2025

    The Buzziest Books of May | 2025

    May 25, 2025
    Categories
    • Books (536)
    • Business (5,439)
    • Film (5,377)
    • Lifestyle (3,482)
    • Music (5,430)
    • Politics (5,425)
    • Science (4,788)
    • Technology (5,374)
    • Television (5,051)
    • Uncategorized (1)
    • US News (5,428)
    popular posts

    Pope Benedict XVI’s Funeral Brings Thousands Of Mourners To St. Peter’s Square

    VATICAN CITY (AP) — Bells tolled Thursday for the funeral of Pope Emeritus Benedict XVI,…

    15 Best Game Shows, Ranked

    August 4, 2024

    Meteorite from Mars traced to crater where it was ejected by impact

    July 12, 2022

    Teen Arrested In Connection With Racist Attack On Boston Train

    October 5, 2023
    Archives
    Browse By Category
    • Books (536)
    • Business (5,439)
    • Film (5,377)
    • Lifestyle (3,482)
    • Music (5,430)
    • Politics (5,425)
    • Science (4,788)
    • Technology (5,374)
    • Television (5,051)
    • Uncategorized (1)
    • US News (5,428)
    About Us

    We are a creativity led international team with a digital soul. Our work is a custom built by the storytellers and strategists with a flair for exploiting the latest advancements in media and technology.

    Most of all, we stand behind our ideas and believe in creativity as the most powerful force in business.

    What makes us Different

    We care. We collaborate. We do great work. And we do it with a smile, because we’re pretty damn excited to do what we do. If you would like details on what else we can do visit out Contact page.

    Our Picks

    10 Best Silver Chains For Men – Subtle Style For 2025

    May 25, 2025

    The Buzziest Books of May | 2025

    May 25, 2025

    Go and have the blood test and if you’re lucky, you’ll walk away

    May 24, 2025
    © 2025 Beverly Hills Examiner. All rights reserved. All articles, images, product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Terms & Conditions and Privacy Policy.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT