The City of Quincy, Illinois' administrative systems were hit by a ransomware attack on May 7, confirmed Mayor Mike Troup in a press conference held on Tuesday. Consulting fees and a ransom were paid but critical services continued to operate throughout the incident.
Police in Nigeria this week arrested a 37-year-old man who's been charged with masterminding "a criminal syndicate tied to massive business email compromise and phishing campaigns," Interpol says. But with known BEC losses last year exceeding $2.4 billion, will the arrest have a noticeable impact?
The latest edition of the ISMG Security Report discusses how the leader of a "transnational cybercrime syndicate" has been arrested in Nigeria, according to Interpol. It also shares updates on U.S. privacy laws and how we can improve collaboration as an industry.
An increasing number of threat actors are deploying a free-to-use browser automation framework as part of their attack campaigns. Automation tools are expected to become a more common element of the threat actor’s toolkit, according to researchers at security firm Team Cymru.
A majority of financial institutions have reported a rise in account opening fraud and payment scams, which is expected to continue and cause losses for banks, says Trace Fooshee, strategic adviser at Aite-Novarica Group. He discusses new technologies to put in place to mitigate scam attacks.
A former IT consultant has been charged with allegedly hacking into a computer server of a healthcare company client that had months earlier denied him employment with the organization. Experts say the case spotlights insider threats that must not be underestimated.
A $150 million penalty has been slapped on Twitter for deceptively using account security data of millions of users for targeted advertising, the U.S. Justice Department and the Federal Trade Commission say. Twitter says it has paid the fine and ensured that personal user data is secure and private.
Ransomware gang Black Basta, which came to prominence in April, has claimed responsibility on its leak site for a ransomware attack on AGCO. An AGCO spokesperson confirmed to ISMG that employee data was exfiltrated during an attack but did not comment on Black Basta's claims of responsibility.
Indian passenger airline SpiceJet says an attempt at a ransomware attack was made against its IT infrastructure on Tuesday night. The airline says the attack was "contained," and it has resumed regular operations. Passengers continued to complain about takeoff delays until noon local time.
Ransomware has grown 13% year on year in 2022, a jump greater than the past five years combined, a Verizon Business 2022 Data Breach Investigations Report published on Tuesday shows. It says financial gain continues to be the primary motive for attacks, followed by espionage.
WhiteSource has renamed itself Mend as the company pushes beyond software composition analysis to become a broad application security platform with automated remediation. The name WhiteSource didn't have any negative connotations when the company was founded, but some people today find it offensive.
The U.S. is setting up a Joint Ransomware Task Force, headed by the Cybersecurity and Infrastructure Security Agency and the FBI, as well as two international initiatives, chaired by the Department of Justice, to tackle illegal cryptocurrency activities related to ransomware.
In this edition, Ari Redbord and Grant Schneider join ISMG editors to discuss the challenges ahead for the U.S. government as it plans to roll out EDR deployments at more than half of federal agencies this year, how stable the stablecoin economy really is and how to improve industry collaboration.
Accelerated digital transformation has only complicated the identity verification challenge for enterprises. But Chuck Moore of Early Warning says behavioral analytics and anomaly detection combined can reduce both fraud and the friction that can come with traditional authentication methods.
The healthcare services in the island country of Greenland, an autonomous Danish dependent territory, have been crippled by a cyberattack that began on May 9, 2022. Healthcare executives continue to face IT challenges to date, including lack of access to patient records and email services.
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