Contrary to the popular notion that ransomware hackers are sophisticated launderers of their stolen money, research shows they use straightforward mechanisms to transfer their bitcoin - allowing researchers to follow their money trail. Only a sliver transacted with a crypto mixer.
Specialty infusion company Amerita is facing a proposed federal class action lawsuit in the wake of a March cyberattack on its parent company, PharMerica, which reported a breach affecting nearly 6 million individuals. Amerita recently reported its own breach that affected about 220,000 people.
This week: Johnson Controls suffers a ransomware attack, the Philippine state health insurance program struggles to recover from a ransomware and Air Canada reports a cyberattack. Also: an APT group uses the American Red Cross as bait and new malware targets would-be users of Bitwarden.
This week: Mixin Network investigated a $200 million hack, Web3 lost $889 million to hacks, phishing scams and rug during the third quarter, hackers stole $8 million from HTX, Binance sought to dismiss the SEC wash trading case; and Nansen and OpenSea suffered third-party security incidents.
Welcome to "Cyber Fail" - ISMG's roundup of all that's broken in the world of cybersecurity, where our panel of experts uncovers the fails so we can strengthen our defenses. In this episode, ISMG host Anna Delaney takes on bumbling cybercrooks, avoidable breaches and the ethics of paying a ransom.
A medical center president and school district IT leader talked to lawmakers Wednesday about lessons learned from their experiences responding to harrowing ransomware attacks. 'The cyberattack was much harder than the pandemic by far,' said Vermont Medical Center President Stephen Leffler.
An apparently new hacking group has connections to a number of name-brand ransomware-as-a-service groups including Conti spinoffs and possibly Clop, making it a notably versatile addition to the criminal underground. Group-IB researchers dubbed the group ShadowSyndicate.
The FDA has issued final guidance on how medical device makers should approach cybersecurity in their products to meet new requirements for including cyber details in their premarket product submissions. Starting Oct. 1, the FDA will "refuse to accept" submissions lacking those details.
A Chinese hacking group linked to state authorities has upgraded its capabilities to target companies with headquarters in the United States and East Asia, warns an alert from Japanese and American cyber agencies. The group, BlackTech, has a customized firmware backdoor tailored for Cisco routers.
It's not just medical device cybersecurity that's keeping some healthcare security leaders up at night - it's also the risks posed by other critical connected gear that patients and clinicians depend upon, said Ali Youssef, director of medical device and emerging tech security at Henry Ford Health System.
Sony is investigating an apparent leak of internal data posted onto the dark web and a criminal hacking board by separate criminal actors. Sony is saying little other than, "We are currently investigating the situation, and we have no further comment at this time."
Android banking Trojan Xenomorph has resurfaced in a new campaign targeting cryptocurrency wallets and various financial institutions. The malware has been actively targeting users in Europe and is now focused on institutions in the United States, Canada, Spain, Italy, Portugal and Belgium.
Ukrainian cyber defenders are girding for an onslaught of cyberattacks against the energy sector as cold weather returns. That warning comes as Kyiv has observed Russian state hackers also stepping up attacks against law enforcement in a likely bid to spy on the gathering of evidence of war crimes.
The British government's first-ever global summit on artificial intelligence will focus on mitigating cybersecurity and safety risks tied to the emerging technology. The AI Safety Summit planned for Nov. 1-2 will focus on mitigating risks tied to frontier AI.
Information Security Media Group recently concluded its Cybersecurity Summit: London, which brought together industry leaders for a day of informative sessions covering a diverse range of critical cybersecurity topics, including CISOs' vulnerability to liability, ransomware threats and burnout.