The latest edition of the ISMG Security Report analyzes how the U.S. government is offering a reward of up to $5 million for information to help it disrupt the illicit flow of funds to North Korea. The report also examines approaches to enhance banks' cyber defenses and U.S. regulatory trends.
Lynn Peachey, the director of business development at Arete Incident Response, says that insurance companies have made "a pretty quick turnaround in terms of trying to respond to the ransomware epidemic." She discusses the changes they are making, which include leveraging data quantification.
More than 670,000 individuals have been affected by two 2021 hacking incidents that were only recently reported to federal regulators. The breaches involve healthcare software and billing services firm Adaptive Health Integrations and urgent care provider Urgent Team Holdings.
VMware's Tom Kellermann is out with Modern Bank Heists 5.0, his latest look at the attackers and attacks targeting financial services. Subtitled "The Escalation," this report looks at the increase in destructive attacks, ransomware and hits on cryptocurrency exchanges. Kellermann shares insights.
Hours after global cryptocurrency exchange Currency.com announced it was halting operations in Russia, it faced - and thwarted - a distributed denial-of-service attack. The company's founder, Viktor Prokopenya, says the firm's "servers, systems and client data remained intact and uncompromised."
Federal authorities are warning the healthcare and public health sectors of aggressive, financially motivated attacks by the Hive ransomware group, which has been linked to a number of attacks on healthcare sector entities. Some security experts are urging such entities to fortify their defenses.
During its January cyberattack, Lapsus$ accessed tenants and viewed applications such as Slack and Jira for only two Okta customers. The threat actor actively controlled a single workstation used by a Sitel support engineer for 25 consecutive minutes on Jan. 21, according to a forensic report.
Leon Ravenna, CISO of KAR Global, starts each day on the job with the expectation that this could be his last. That's how urgent cybersecurity has become, and it's in part why he's driven to dispatch the image of the CISO as the bureaucratic "Dr. No."
The Conti ransomware gang has claimed responsibility for the March 31 cyberattack on German wind turbine manufacturer Nordex, which was forced to turn off its IT systems at multiple locations across several business units. The Russia-linked threat group has added Nordex as a victim on its leak site.
Expectations for AML Responsible Officers and their operational teams are increasing in response to the combination of new techniques for money laundering, organised crime, geopolitical issues and new actors. To meet these increased expectations, operational resilience and sustainability using intelligent analytics...
A surprising improvement in loss ratios for cyber insurance providers in 2021 means the rapid rise in premiums might at last subside later this year. The loss ratio declined for the first time since 2018 despite the frequency and severity of claims filed for cyberattacks increasing again in 2021.
New legislation mandating cyber incident reporting for critical infrastructure providers within 72 hours, and the reporting of ransom payments within 24 hours, is "groundbreaking," says former National Security Agency deputy commander Tim Kosiba, CEO of security firm bracket f.
PIPEDREAM is the seventh known ICS-specific malware. The CHERNOVITE Activity Group (AG) developed PIPEDREAM. PIPEDREAM is a modular ICS attack framework that an adversary could leverage to cause disruption, degradation, and possibly even destruction depending on targets and the environment.
Dragos assesses with...
Researchers discovered a new social engineering-heavy malware campaign focused on defrauding employees in West Africa's banking sector. Although this campaign is not exactly new, it shows a detailed account of what social engineering looks like, according to cybersecurity veteran Tari Schreider.
Microsoft says it has seized control of 65 domains that the ZLoader gang has been using to grow, control and communicate with its botnet. ZLoader, a descendant of the ubiquitous Zeus banking malware, is run by a global, internet-based, organized crime gang operating malware as a service.