A Ukrainian national was extradited from Poland to the U.S. this week and now faces charges of conspiracy, trafficking in unauthorized access devices and trafficking in computer passwords, according to the Justice Department.
Nine months after discover of the attack that targeted SolarWinds and clients of its network monitoring tool, the incident continues to spur investigations into what happened. The SEC is reportedly probing those businesses involved, and lawmakers want answers about the breach of DOJ emails.
"Silence is gold." So says ransomware operator Ragnar Locker, as it attempts to compel victims to pay its ransom demand without ever telling anyone - especially not police. But some ransomware-battling experts have been advocating the opposite, including mandatory reporting of all ransom payments.
A dual U.S.-Canadian national has been sentenced to more than 11 years in federal prison for conspiring to launder tens of millions of dollars in wire and bank fraud schemes, according to the U.S. DOJ. Officials say the activity included cash-out scams for North Korean cybercriminals.
Despite a recent slowdown in incidents and some cybercriminals claiming they have stopped or abandoned ransomware attacks, National Cyber Director Chris Inglis says it's "too soon to tell," if the behavior of these groups has changed permanently or if they are waiting for an opportunity to return.
A proposed class action lawsuit against Flo Health alleges the fertility-tracking mobile app maker unlawfully shared sensitive consumer health data with Google, Facebook and other software vendors. The lawsuit comes after a recent settlement with the FTC over similar data-sharing privacy concerns.
A Russian citizen, alleged to be working as a developer for the malware-spreading organization Trickbot, reportedly has been arrested at Seoul-Incheon International Airport. He was questioned by Korean authorities following an extradition request from the U.S.
The U.S. SEC announced civil action against defunct cryptocurrency lending platform BitConnect for allegedly defrauding investors out of $2 billion. In response, experts say cryptocurrency markets will face continued scrutiny over investor protections, fraud and security.
The House began debate Wednesday on legislation that would require companies that own or operate parts of the nation's critical infrastructure to report a cyberattack or breach within 72 hours of confirmation.
Sen. Pat Toomey of the Senate Banking Committee is requesting input from the cryptocurrency and blockchain community to inform future legislation on its security and privacy. Several experts praise efforts to regulate the space, but cite its complexities.
Three banking trade groups are objecting to provisions of a bill now pending in Congress that would require security incident reporting within 24 hours of discovery. They also are raising concerns about other provisions.
The recent ransomware attack that disrupted Scripps Health's IT systems and patient care for nearly a month has so far cost the San Diego-based organization nearly $113 million, including $91.6 million in lost revenue, according to a financial report the nonprofit entity filed this week.
On Tuesday, the Senate, by a vote of 69-30, passed a $1 trillion infrastructure spending bill that would provide additional money for cybersecurity over the next several years, including extra funds for the Department of Homeland Security and its Cybersecurity and Infrastructure Security Agency.
Two bipartisan bills introduced in Congress this week seek to address cyberthreats. One calls for imposing sanctions against countries that allow ransomware gangs to operate within their borders. Another would require law enforcement agencies to better track cybercrime statistics to identify trends.