What is the life cycle of a ransomware attack, and how can organizations better detect and block them? Peter Mackenzie of Sophos, says that while many victims assume attackers first struck when systems got crypto-locked, the intruders had actually been in the network for "days or weeks."
The U.S. Secret Service has published a Most Wanted Fugitives list featuring 10 suspects wanted in connection with financial cybercrimes The agency is offering rewards of up to $1 million for information on two Ukrainian suspects who allegedly targeted the SEC in 2016.
Cryptocurrency exchange Binance says it recently assisted police in tracking down individuals accused of laundering money for the Clop ransomware group. The exchange acknowledges that illicit money from cyberattacks circulating on virtual currency exchanges is a big security problem.
This edition of the ISMG Security Report features an analysis of CISA's finding that agencies could have prevented follow-on attacks after the SolarWinds supply chain attack by properly configuring firewalls. Also featured: Congressman discusses deterring nation-state attacks; insider threat mitigation tips.
The FBI is requesting $40 million in additional funding for its fiscal 2022 budget to help combat and counter ransomware attacks and other cyberthreats. The bureau is also requesting $15 million to help strengthen its internal security infrastructure as well as address network vulnerabilities.
Wolfe Eye Clinic, which operates diagnostic and surgical centers in 40 Iowa communities, is notifying 500,000 current and former patients that their data may have been inappropriately accessed during a recent ransomware attack. But the organization refused to pay a ransom.
Two cybercrime ecosystem cornerstones today are high-end bulletproof hosting services and ransomware, says Mark Arena, CEO of Intel 471. He notes that ransomware-as-a-service operations don't function like gangs or the Mafia, but rather as individuals collaborating "based on a culture of mistrust."
Advanced persistent threat actors will continue to "up their game," including taking advantage of the COVID-19 pandemic even as its impact diminishes, says Kelvin Coleman, executive director of the National Cyber Security Alliance.
Cybersecurity pioneer John McAfee, 75, was found dead in a Spanish prison cell Wednesday, hours after a Spanish court had authorized his extradition to the U.S. to face tax evasion charges, according to news reports.
Colonial Pipeline Co. now faces at least two lawsuits seeking class action status in the aftermath of a ransomware attack in May that led the firm to shut down the operations of a 5,500-mile pipeline for nearly a week.