In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how ransomware affiliates change operators and why terrorists aren't launching massive cyberattacks.
Researchers have discovered email fraud campaigns in which unidentified threat actors are swindling victims out of bitcoin by tempting them with a substantial amount of tax-free cryptocurrency. This follows an SEC warning about fraudulent cryptocurrency schemes making the rounds
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.
Cybercriminals have developed a blockchain analytics tool on the darknet that could help a gang launder illegally obtained bitcoin, and they are actively marketing it, according to the cryptocurrency analytics firm Elliptic. The tool, however, is rated as not entirely effective.
The world is now focused on ransomware, perhaps more so than any previous cybersecurity threat in history. But if the viability of ransomware as a criminal business model should decline, expect those attackers to quickly embrace something else, such as illicitly mining for cryptocurrency.
The White House has written to business leaders, urging them to prioritize having robust ransomware defenses in place. The move comes as the Biden administration pursues multiple strategies to combat ransomware and digital extortion, including ordering a new task force to coordinate all federal investigations.
Four editors at Information Security Media Group discuss timely cybersecurity issues, including a call for cryptocurrency regulation and the impact of hospital ransomware attacks.
The latest edition of the ISMG Security Report features an analysis of how cybercriminals are ditching banking Trojans in favor of ransomware attacks. Also featured: Defending against deep fakes; supporting a dispersed workforce.
Cybercrime wouldn't exist as we know it today without there being a multitude of technologies and services that criminals have been able to turn to their advantage, and cryptocurrency is one of the prime examples, especially when it comes to ransomware, darknet markets and money laundering.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
With apologies to Jay-Z, getting hit with ransomware might make victims feel like they have 99 problems, even if a decryptor ain't one. That's because ransomware-wielding gangs continue to find innovative new ways to extort cryptocurrency from crypto-locking malware victims.
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