In 2021, there was a spike in cybercrime, and the focus changed for threat actors from several countries, particularly Russia and China. Cybersecurity firm CrowdStrike provides an overview of the changes, analyzes the takedown of Russian threat actor REvil and adds to its list of adversaries.
In the latest weekly update, four ISMG editors discuss how ransomware attacks got worse in 2021, the backlash from privacy experts sparked by the IRS' decision - now changed - to use facial recognition technology on American taxpayers, and why cybersecurity fosters competitive advantage.
Things are not always what they seem, says incident response expert Joseph Carson, pointing to a case involving ransomware that infected a company in Ukraine, but for which there was no external attack path. Ultimately, his investigation found that ransomware had been used to hide internal fraud.
By almost every measure, ransomware continues to get worse, not least in the average amount criminals receive when a victim chooses to pay a ransom. So say new reports assessing the volume and severity of ransomware attacks, the flow of cryptocurrency, attackers' target selection and more.
"All too often we hear that our industrial control systems have no security. That's not true," says Kevin Jones, group CISO of Airbus. In fact, he states, "some of these systems have been designed with security encapsulating them and security around them." He discusses enhancing cyber resilience.
Days after the Federal Bureau of Investigation and the U.S. Secret Service issued a cybersecurity advisory on the ransomware-as-a-service group BlackByte, it hit the corporate IT network of the U.S. National Football League's San Francisco 49ers team.
Security experts explain how the Rust programming language helps the BlackCat ransomware group execute targeted attacks on critical infrastructure. Compared to traditional languages like C or C++, Rust brings speed, security, stability and unparalleled detection evasion capabilities to the table.
Russian authorities have continued to arrest alleged administrators of multiple Russian-language cybercrime markets and communities, including Ferum Shop, Sky-Fraud and Trump's Dumps. It follows last month's arrest of suspected REvil/Sodinokibi ransomware affiliates based in the country.
In case anyone doubts that Russia is the epicenter of ransomware operations, follow the money, as Chainalysis finds that "roughly 74% of ransomware revenue in 2021 - over $400 million worth of cryptocurrency - went to strains we can say are highly likely to be affiliated with Russia in some way."
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the BlackMatter ransomware group has rebranded itself yet again, how the DOJ confiscated stolen Bitcoin worth more than $4 billion and takeaways from a U.S. Senate hearing on open-source...
Ransomware attacks in 2021 amassed a record number of victims in critical infrastructure sectors across Australia, the U.K. and U.S., those countries' lead cybersecurity agencies warn. They share intelligence on attackers' latest tactics to better equip domestic organizations to defend themselves.
Michael Hamilton, CISO at security firm Critical Insight, discusses health data breach trends. The bad news: The number of major breaches reported to regulators in 2021 hit a record high. The good news: The rate of breaches reported last year compared to 2020 appears to be slowing down.
Are ransomware-wielding criminals running scared? That's one likely explanation for the sudden release this week of free, master decryption keys for three different strains of formerly prevalent ransomware: Maze, Sekhmet and Egregor.
This edition of the ISMG Security Report analyzes what prosecutors say is the biggest cryptocurrency seizure in U.S. history as well as the biggest financial seizure. It also details how a school district CISO resigned over the district's handling of a severe data breach and busts Zero Trust myths.
Federal authorities are again warning healthcare and public health sector entities about potential threats posed by ransomware-as-a-service group LockBit 2.0, despite the cybercrime gang's claim that it does not target healthcare organizations.
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