Cryptocurrency has a reputation for being tough to trace - no wonder anonymity-craving criminals favor using it. In reality, cryptocurrencies don't make users anonymous. But just how did the FBI recover most of the bitcoins paid by Colonial Pipeline to the DarkSide ransomware operation?
Criminals tricked into using an FBI-run encrypted messaging app, Verizon's 2021 Breach Investigations Report and overcoming the challenges of recruiting cybersecurity professionals are among the latest cybersecurity topics to be featured for analysis by a panel of Information Security Media Group editors.
The latest edition of the ISMG Security Report features an analysis of lawmakers' grilling of Colonial Pipeline CEO Joseph Blount over his handling of the DarkSide ransomware attack. Also featured: How the FBI helped trick criminals into using an encrypted communications service that it was able to monitor.
A small U.S. nuclear weapons contractor has confirmed that it suffered a ransomware attack, resulting in the theft of data. Credit for the attack has been taken by the ransomware-as-a-service operation known as REvil, aka Sodinokibi, which the FBI recently tied to the attack against meatpacking giant JBS.
President Joe Biden's nominees for White House cyber director and CISA director faced questions from senators during their confirmation hearing Thursday, including how the federal government should respond to a recent spate of ransomware attacks and other cyberthreats.
As the U.S. hammers out national infrastructure legislation, implements President Biden's recent cybersecurity executive order and adopts other related initiatives, more attention and funding needs to be allocated to strengthen the healthcare sector's cybersecurity posture, industry groups urge.
Is it any wonder that criminals keep flocking to ransomware when their individual haul from a well-executed digital heist can be worth $11 million? That's the amount paid to the REvil ransomware gang by meatpacker JBS USA, after its systems were crypto-locked on May 30.
Colonial Pipeline Co. CEO Joseph Blount returned to Capitol Hill on Wednesday to answer additional questions about his company's response to the ransomware attack that affected the firm's operations for nearly a week, as well as his decision to pay the attackers.
Colonial Pipeline Co. CEO Joseph Blount defended his actions during the opening hours of the May 7 DarkSide ransomware attack against his company as several lawmakers on the Senate Homeland Security and Governmental Affairs Committee grilled the executive for over two hours on Tuesday.
CISA is preparing to expand its vulnerability research and disclosure program, which is now mandatory for nearly all executive branch agencies, by creating a vulnerability disclosure platform service. As part of this effort, the cybersecurity agency is partnering with Bugcrowd and EnDyna.
Ransomware actors continue to target schools and universities across the U.K., and attacks have surged since February, a new report by the U.K's National Cyber Security Center warns. The agency has also released a free tool to help schools detect any compromise.
Ransomware attacks have evolved over the years as attackers have come out with new strategies for digital extortion, says Chris Novak, global director of the Threat Research Advisory Center at Verizon Business Group. He shares insight from the Verizon 2021 Data Breach Investigations Report.
The U.S. Justice Department reported it recouped $2.3 million of the $4.4 million ransom Colonial Pipeline Co. paid following a May 7 ransomware attack. The DOJ's Ransomware and Digital Extortion Task Force coordinated the effort, in which the FBI tracked payment to a bitcoin wallet it controls.
The recent decision by a Massachusetts-based hospital to pay a ransom in exchange for promises by the attackers to destroy stolen data spotlights the difficult choices many healthcare entities face in the wake of cyberattacks.
U.S. Justice Department prosecutors have charged a 55-year-old Latvian woman with helping to develop code for the Trickbot gang as well as stealing banking credentials and deploying ransomware, according to a federal indictment. Alla Witte faces more than 30 years in prison if convicted.
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