The decentralized money market platform Qubit Finance, which runs on the Binance Smart Chain, has been hacked for more than $80 million, it confirmed via tweet on Friday. Blockchain security experts say it's the largest DeFi hack of 2022.
Attack scans and attempts related to the Log4j flaw may have declined, but some security experts believe the attack vectors will continue to pose a problem up to two years. Also, the Ukraine Computer Emergency Response Team reports Log4j could be a possible attack vector in recent cyberattacks.
A memory corruption vulnerability has been uncovered in Polkit’s pkexec, a SUID root program that is installed by default on every major Linux distribution, allowing any unprivileged user to gain root privileges on the vulnerable host.
Four ISMG editors discuss: how too many organizations fail to implement basic cybersecurity defenses - such as MFA; a proposed lawsuit against health insurer Excellus that calls for an improvement to its data security program; and strategies for securing open-source and other software components.
All organizations in Britain are being urged by the government to immediately bolster their business resilience capabilities due to an increased risk of fallout from cyberattacks targeting Ukraine. In the past, such attacks have amassed victims outside Ukraine, causing billions in commercial damages.
Eva Velasquez, CEO of the Identity Theft Resource Center, shares six predictions for 2022 that show a shift from identity theft to identity fraud as cybercriminals continue to refine who they target, what information they steal and what they do with it.
Healthcare organizations must carefully scrutinize any implementation of applications, software suites and other technology platforms that could contain open-source code because of the risks - including potential patient safety issues - posed by these components, says attorney Steven Teppler.
The latest edition of the ISMG Security Report features an analysis of whether a new ransomware operation is a spinoff of the notorious REvil or simply copying the group's moves; how Maersk responded to the NotPetya wiper malware attack; and essential incident response skills.
U.S. Security and Exchange Commission Chair Gary Gensler wants to broaden cybersecurity regulations. Among his concerns are the rising threat of cyberattacks due to the tensions between Russia and Ukraine, and a need to harmonize communications between financial firms and third-party vendors.
The risks posed by Apache Log4j continue, as a previously seen initial access broker group with the codename Prophet Spider IAB appears to be targeting vulnerabilities in Apache's logging utility to infiltrate the virtualization solution VMware Horizon, researchers at BlackBerry warn.
Following a trend seen in similar cases, a proposed settlement in a class action lawsuit filed against health insurer Excellus in the wake of a cyberattack discovered in 2015 that affected 10.5 million individuals calls for the company to bolster its security.
Despite Western governments' increased focus on disrupting ransomware, the quantity of new victims doesn't appear to have declined, at least so far. But multiple experts say that nation-state efforts to combat cybercrime syndicates are still picking up speed and may well yet have an impact.
A hacktivist group named Belarusian Cyber-Partisans says it has successfully attacked the country's railroad systems and encrypted some servers, databases and workstations to disrupt its operations. The group says its aim is "preventing the presence of Russian troops on the territory of Belarus."
SLC Lab, a Florida county laboratory that performs drug testing, is notifying thousands of individuals of a web portal misconfiguration incident that left sensitive information accessible to others for more than four years. How can other entities avoid such incidents?
"Email security doesn't get the attention it deserves" because "phishing is not going away and is not getting any less," says Jess Burn, a senior analyst at Forrester. She shares best practices for phishing prevention.
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