Is there any bigger cybercrime soap opera than the life and times of ransomware operators? Take the REvil, aka Sodinokibi, ransomware-as-a-service operation, which feels like it's disappeared and reappeared more times than the secret, identical twin of the protagonist in your favorite melodrama.
The world is experiencing a cybercrime pandemic, which is a direct consequence of COVID-19, according to Amit Basu, CISO and CIO at International Seaways. He offers proactive prevention measures, based on his own experience, for how organizations can stay safe and secure.
"There are so many basics we need to get right," says Daniel Dresner, professor of cyber security at Manchester University. In this interview, he discusses the cybersecurity practices that he recommends to make the task of securing small- to medium-sized enterprises less overwhelming.
The White House is preparing executive branch agencies to adopt "zero trust" network architectures by 2024, with CISA and the OMB overseeing the creation of technology road maps that departments must follow. This is a major component of President Biden's cybersecurity executive order.
The most sought-after type of victim for ransomware-wielding attackers is a large, U.S.-based business with at least $100 million in revenue, not operating in the healthcare or education sector, with remote access available via remote desktop protocol or VPN credentials, threat intelligence firm Kela reports.
Cryptocurrency exchange Coinbase faces potential user trust challenges after a system error led it to send out false automated security alerts to about 125,000 customers indicating their two-factor authentication settings had been changed.
Google has removed eight fake cryptomining apps from its Play Store, but researchers at security firm Trend Micro have flagged 120 other apps on users' phones purporting to also be cryptomining. Users paid for services the eight apps never delivered.
Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
Good news on the ransomware front: The average ransom paid by a victim dropped by 38% from Q1 to Q2, reaching $136,576, reports ransomware incident response firm Coveware. In addition, fewer victims are paying a ransom simply for a promise from attackers to delete stolen data.
A cybercrime forum seller advertised "a full dump of the popular DDoS-Guard online service" for sale, but the distributed denial-of-service defense provider, which has a history of defending notorious sites, has dismissed any claim it's been breached. What's the potential risk to its users?
Threat intelligence researchers are looking closely at REvil, the ransomware gang that infected up to 1,500 companies in a single swoop. A look at the group's online infrastructure shows clear lines to Russian and U.K. service providers that, in theory, could help law enforcement agencies but don't appear eager to...
As ransomware attacks become more prolific, their success is being driven by the increasing use of specialists who can refine every stage of an attack. It's a reminder that the goal of cybercrime remains to maximize illicit profits as easily and quickly as possible.
The FIDO Alliance, which is developing and promoting authentication standards designed to help reduce reliance on passwords, has unveiled user experience guidelines and new FIDO2 standards enhancements, says Andrew Shikiar, executive director.
Ransomware-wielding criminals continue to hone their illicit business models, as demonstrated by the strike against customers of Kaseya. A full postmortem of the attack has yet to be issued, but one question sure to be leveled at the software vendor is this: Should it have fixed the flaw more quickly?
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