Not all ransomware groups wield crypto-locking malware. Some have adopted other strategies. Take BianLian. After security researchers released a free decryptor for its malware, instead of encrypting files, the group chose to steal them and demand ransom solely for their safe return.
In this week's data breach roundup: medical device manufacturer Zoll, CHU University hospitals, Australian company Latitude Financial, Hawaiian death registry, Los Angeles Housing Authority, Indian Railway ticketing app, updates on U.S. Marshals Service and Congress, and a new ransomware decryptor!
Australian personal lending provider Latitude Financial Services disclosed to regulators on Thursday hacking incidents affecting more than 300,000 consumers. "Sophisticated" hackers made off with nearly 103,000 driver's licenses and an additional 225,000 "customer records," the company said.
Cybercriminals have been launching attacks against our people, networks, and services for decades with varying success. So, the need to realign our defences to meet the demands of evolving threats is nothing new.
The LockBit ransomware operation claims to have stolen data from a Texas-based supplier to Elon Musk's SpaceX, which designs, manufactures and launches rockets and spacecraft. It's the latest PR-grabbing attempt by the prolific LockBit extortion group.
Community Health Systems will soon begin notifying up to 1 million individuals estimated to have been affected by data compromise when attackers exploited a zero-day vulnerability in vendor Fortra's GoAnywhere MFT, which is secure managed file transfer software.
Hackers disrupted medical care at a major Barcelona hospital, found out the wireless plans of 9 million AT&T users and stole data of almost 140,000 Hatch Bank customers. Patrons of Chick-fil-A got a nasty surprise. Plus, a breach hit Acer and another one affected members of the U.S. Congress.
A French law requiring companies to report cyber incidents to authorities within 72 hours or lose their eligibility for cyber insurance reimbursement has practitioners scratching their heads. Global companies with headquarters in France will have the most uncertainty, experts say.
Key to the business success of top ransomware groups remains their ability to find innovative new ways to amass victims. For Hive, which received more than $100 million in ransom payments before being disrupted by law enforcement, the new business strategy that helped it thrive was co-working.
Identity verification and e-signature firm OneSpan is working with investment bank Evercore on a sale process that could attract interest from other businesses and private equity firms, Reuters reported. This follows five publicly traded cyber vendors agreeing to go private since the start of 2022.
Arctic Wolf has expanded its security operations platform into threat intelligence, incident response and cyber insurance, says CEO Nick Schneider. The company has focused on putting businesses in the best possible position to answer questions from insurance carriers following a security incident.
Here's further proof many cybercriminals are rampant self-promoters: Credit card market BidenCash, which sells compromised payment card data, dumped 2 million payment cards for free. This shows that competition between carder markets - and increasingly, Telegram-based vendors - is fierce.
In the 21-month stretch from October 2020 to June 2022, a whopping 48 cybersecurity startups received 10-figure valuations as investors evaluated prospects on potential rather than performance. Now that the financial boom has gone bust, what happens to these unicorns from a different economic era?
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