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Left unsaid in Fat Face's "strictly private and confidential" data breach notification to affected customers this week was any indication that the fashion clothing retailer had paid a reported $2 million ransom to the Conti gang to unlock its systems. Fat Face has now confirmed the ransomware hit.
The FBI and the U.S. Department of Homeland Security have issued a warning about Mamba ransomware that uses a weaponized version of the legitimate, open-source encryption software DiskCryptor to lock victims out of their systems.
The SolarWinds supply chain attack demonstrates that Russian intelligence services have learned from previous operations and adjusted their tactics, says Dmitri Alperovitch, the former CTO of security firm CrowdStrike, which investigated Russian interference in the 2016 election.
Criminals operating online continue to tap ransomware in their pursuit of an illicit payday. That was the cybercrime reality throughout 2020, and unfortunately it still appears to be holding true in the first months of this year, the Cisco Talos Incident Response team reports.
The developers behind the Purple Fox fileless downloader malware have upgraded their operation and are using worm capability to target internet-facing devices running Windows, the security firm Guardicore Labs reports.
As digital payments have skyrocketed as a result of the surge in e-commerce during the pandemic, more organizations have provided feedback on enhancing EMVCo's specifications to help fight fraud, two executives with the global technical body say.
A Russian national who co-founded the Infraud Organization's online cybercrime forum, which trafficked in stolen payment card data and was tied to more than $560 million in fraud losses, has been sentenced to serve 10 years in prison.
Four editors at Information Security Media Group - Tom Field, Anna Delaney, Mathew Schwartz and Tony Morbin - review this week’s most important cybersecurity developments, from nation-state threats and supply chain risk, to combating ransomware and adopting a zero trust strategy.
A Russian national who conspired to extort millions from electric car manufacturer Tesla by trying to plant malware in the company's network has pleaded guilty to a single federal conspiracy charge, according to the U.S. Justice Department. The FBI thwarted the plot before it could be carried out.
Hackers used Trojanized Xcode projects to install backdoors on developers' devices as part of a supply chain attack, according to security firm Sentinel Labs. Xcode is Apple's integrated development environment for macOS.