The "Securing the Mission-Critical Mobile Banking Application Channel Survey" examined how decision makers in financial services approached application security, primarily in mobile banking. Sponsored by Verimatrix and conducted by ISMG, this research focused on determining the challenges of developing and securing...
"It's not personal ... It's strictly business." That line from "The Godfather" encapsulates the mindset of criminals who extort businesses using ransomware and other tools: Their imperative is profits, no matter any disruption they might cause to critical services, such as those provided by Colonial Pipeline.
A ransomware gang claims to have stolen SIM card data and banking information in an attack on Schepisi Communications, a service provider to Australian telecommunications company Telstra, a local news outlet reports.
The average amount of time that online attackers camp out in a victim's network - or "dwell time" - has been declining, FireEye's Mandiant incident response group reports. But the surge in ransomware accounts for some attacks coming to light more quickly because those attackers announce their presence.
Four editors at Information Security Media Group discuss timely issues, including how the zero-day attacks against Accellion File Transfer Appliance users have rewritten the rules of the cyber extortion game and former federal CISO Gregory Touhill taking on an important new role.
The Babuk ransomware gang says it will no longer launch attacks but instead will make its malware source code available for other attackers to use. The gang took credit for recent attacks against the Washington, D.C. Metropolitan Police Department and the Houston Rockets basketball team.
A coalition of government agencies and security firms has released a framework for how to disrupt ransomware attacks that calls for expanded regulation of the global cryptocurrency market to better track the virtual coins paid to cybercriminals during extortion schemes.
Ransomware continues to prove a reliable moneymaker for criminals, with the average cyber extortion payoff rising to $220,298, reports ransomware incident response firm Coveware. Zero-day attacks and shakedowns targeting Accellion File Transfer Appliance users helped boost criminals' profits.
The Justice Department is creating a task force to tackle the growing threat of ransomware and related extortion schemes. The new group will target the "ransomware criminal ecosystem as a whole," which means prosecuting those behind the attacks as well as those who launder money that's extorted.
Ransomware attacks now routinely feature multifaceted extortion efforts, and defenses need to evolve, says Stuart McKenzie of FireEye, who offers an analysis of the findings of the FireEye M-Trends 2021 report.
The Babuk ransomware gang launched a public relations campaign Saturday, posting a message on its website saying it had repaired a defect in the decryptor it provides to victims who pay the ransom demand.
Brokerage account takeover, supply chain attacks, destructive attacks and those that seek to manipulate time or time stamps are among the latest threats uncovered in the new Modern Bank Heists report authored by Tom Kellermann at VMware Carbon Black.
The zero-day attacks against Accellion's File Transfer Appliance show that a number of big-name firms continued to use the legacy technology - even though more secure, cloud-based options were available. Evidently, many CISOs didn't see a compelling reason to move on. Of course, now they do.
Left unsaid in Fat Face's "strictly private and confidential" data breach notification to affected customers this week was any indication that the fashion clothing retailer had paid a reported $2 million ransom to the Conti gang to unlock its systems. Fat Face has now confirmed the ransomware hit.