Interpol, along with Nigerian law enforcement agencies and security firm Group-IB, has uncovered a massive Nigerian business email compromise gang that was active across more than 150 countries.
French IT services firm Sopra Steria, which was hit with Ryuk ransomware in October, is estimating that the attack will cost the company around $60 million in recovery costs.
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Driven by the profits to be achieved via ransomware, most botnet operators have dropped banking Trojans in favor of supporting and running crypto-locking malware attacks, according to security experts who spoke Wednesday at cybersecurity firm Group-IB's CyberCrimeCon 2020 virtual conference.
The FBI has sent out a private industry alert warning about an increase in attacks using Ragnar Locker ransomware. The operators behind this crypto-locking malware have recently targeted companies that include EDP, Campari and Capcom, researchers note.
The Home Depot reached a $17.5 million settlement of a multistate lawsuit stemming from a 2014 data breach that compromised the payment card data of 40 million customers. The company will also implement new security procedures as part of the agreement.
The gang operating Trickbot is continuing its activities despite recent takedown efforts, rolling out two updates that make the malware more difficult to kill, according to the security firm Bitdefender.
For at least a month, Instagram leaked the email addresses of minors, which occurred as Ireland's Data Protection Commission probed whether its parent company, Facebook, failed to protect children's personal data. Facebook has fixed the issue. But how carefully is the company protecting personal data?
A Chinese advanced persistent threat group has recently begun ramping up its activities with a new phishing campaign leveraging updated malware that's targeting diplomatic missions around the world to collect data and monitor communications, according to Proofpoint.
The FBI has identified nearly 100 spoofed websites that use some incarnation of the agency's name. Fraudsters and other cybercriminals potentially could leverage the sites disinformation campaigns and credential theft.
President-elect Joe Biden on Monday announced that two former Obama-era officials are his nominees to head the U.S. Department of Homeland Security and the Office of Director of National Intelligence.
Sen. Ron Wyden, D-Ore., and Rep. Lauren Underwood, D-Ill., have introduced a bill designed to patch loopholes in the Federal Cybersecurity Enhancement Act of 2015 that they say allow federal agencies to easily avoid implementing required cybersecurity procedures.
Ransomware continues to pummel many types of organizations, recently including South Korea's E-Land retail group, French newspaper Paris-Normandie and a Georgia county school system. A ransomware hit against hosting giant Managed.com has resulted in ongoing site outages for numerous others.
Last week, fraudsters targeted two cryptocurrency platforms by accessing domains managed by GoDaddy, according to notices published by the victimized firms. The domain register company previously has had issues with unauthorized access.
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