Defense Electronics Firm Pays $500,000 To Cybercriminals

The report describes a series of ransomware incidents, centered on a mid-January attack on Communications and Power Industries (CPI) where a phishing click by a domain administrator led to widespread encryption and a $500,000 ransom payment; it also references related attacks on Epiq Global and Visser and presents Cyble-sourced statistics on the rapid rise of ransomware and unreported data breaches, stressing phishing and unsegmented networks as key failure points and recommending stronger supplier-focused threat monitoring.