U.S. FBI and Department of Homeland Security leaders fielded several cybersecurity questions from House lawmakers Wednesday, particularly around the surge in ransomware attacks, diplomatic efforts to curb ransomware's financial model, and the nation-states that harbor cybercriminals.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including the role of cyber insurers in supporting ransomware victims' incident response, and how to build a successful bug bounty program.
The U.S. Department of the Treasury has blacklisted Russia-based cryptocurrency exchange Suex for allegedly laundering tens of millions of dollars for ransomware operators, scammers and darknet markets. It is the first such designation for a virtual currency exchange.
Marketron Broadcast Solutions was hit over the weekend by a ransomware attack launched by the BlackMatter gang, and the attack has taken down a number of the marketing firm's products. Marketron is currently in talks with its attacker.
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FBI Director Christopher Wray faced questions during a Senate hearing Tuesday concerning a published report that the bureau for almost three weeks withheld a decryption key that agents obtained from the ransomware gang that targeted software firm Kaseya.
NEW Cooperative, an Iowa-based farm services cooperative, has reportedly been targeted by the BlackMatter ransomware gang, demanding a $5.9 million payment from the organization, according to security researchers and published reports. The cooperative is working with law enforcement agencies.
Like his peer CISOs, Amit Basu of International Seaways is concerned about complexity and the shifting landscape. But not just the threat landscape – he also is challenged by the shifting dynamics of business priorities and processes, as well as what "protection" in this new environment now entails.
CISA must update its plans to improve the security - both physical and cyber - within the nation's critical infrastructure, according to a report that specifically looked at issues related to the country's dams and levees. Attacks targeting critical infrastructure have raised the issue.
The Mēris botnet, responsible for huge waves of DDoS attacks recorded by cybersecurity firms Qrator Labs and Cloudflare, is still active, using "abandoned" MikroTik routers. The attack signatures saw a spike of 21.8 million requests per second, exploiting a vulnerable version of MikroTik RouterOS.
The Biden administration may soon unveil plans to curtail the ransomware attacks that have crippled corporate networks this year. According to a report from The Wall Street Journal, the Treasury Department will announce sanctions and similar guidance designed to disrupt the ransomware model.
CISA, the FBI and the U.S. Coast Guard Cyber Command warn users of Zoho Corp.'s single sign-on and password management tool to patch for a vulnerability that nation-state groups may look to exploit. Attackers could use the bug to compromise credentials and exfiltrate data from Active Directory.
Score one for the good guys in the fight against ransomware: Anyone who fell victim to REvil, aka Sodinokibi, crypto-locking malware before July 13 can now decrypt their files for free, thanks to a decryptor released by security firm Bitdefender.
The latest edition of the ISMG Security Report features an analysis of the state of the Biden administration's efforts to disrupt ransomware attackers, as well as how a newly patched Apple iMessage flaw was being targeted by Pegasus spyware to effect zero-click exploits.
Regarding the recent tactical innovation by the Grief ransomware gang that is threatening to wipe a victim's data and decryption key if the victim engages a ransom negotiator, analysts are calling this a desperate ploy to scare a target into paying the ransom demand.