The U.S. Department of the Treasury unveiled additional steps to curb the illicit use of cryptocurrencies on Friday, warning enterprises not to engage with sanctioned entities exploiting the financial system - particularly to launder ransomware proceeds.
In this update, four editors discuss key cybersecurity issues, including addressing the complexity of security, the rising number of victims targeted by double extortion ransomware and the Information Commissioner's Office's recent consultation on creating an international data transfer agreement.
The White House National Security Council this week kicked off its international counter-ransomware event with participation from more than 30 nations. This gathering aims to elevate both law enforcement collaboration and diplomatic efforts. Noticeably absent from the summit: Russia.
A flurry of hacking incidents and other recent breach developments highlight the cyberthreats and risks facing fertility healthcare and other related specialty providers that handle sensitive patient information.
A congressional letter sent to the heads of four federal agencies expressed an urgent need for the Biden administration to continue combating ransomware. This includes a particular focus on the cryptocurrency infrastructure that is enabling these cyberattacks, four Democratic lawmakers say.
The U.S. Department of Justice said this week it will pursue government contractors that fail to report cybersecurity incidents. The department also announced the formation of a Cryptocurrency Enforcement Team to prosecute the misuse of virtual currencies.
U.S. lawmakers have introduced legislation that would require the reporting of ransom payments within 48 hours of the transaction. The bill would also require DHS to create a voluntary website to log ransom payments and task the department with studying ransomware and cryptocurrencies.
The death of a baby born with complications during a 2019 ransomware attack on an Alabama hospital – one that left clinicians unable to access electronic health records and patient monitoring systems - is intensifying the spotlight on the potentially fatal consequences of such cyber incidents.
A bipartisan effort to implement cybersecurity incident reporting and the tracking of ransomware payments has been introduced by leaders of the Senate Homeland Security and Governmental Affairs Committee. While it differs from legislation introduced in July, lawmakers hope to reconcile the bills.
The founder of Group-IB, one of Russia's largest cybersecurity companies, has been detained on state treason charges and will be held in custody for two months, with alleged crimes punishable by up to 20 years in prison, according to wire reports.
Hacking incidents - especially those involving ransomware attacks and vendors - continue to rack up some of the largest victim counts in major health data breaches being reported to federal regulators in 2021. Will the trend continue?
The Department of Health and Human Services has named Lisa J. Pino - a former Department of Homeland Security official charged with mitigating the massive 2015 cyberattack on Office of Personnel Management - as the new director of its HIPAA enforcement agency.
The U.S. Department of Commerce is soliciting input on a Trump administration cybersecurity executive order that requires cloud providers to verify the identities of certain users - particularly cyber actors potentially operating abroad and leveraging U.S. cloud technologies.
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.
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.