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 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.
The SEC voted 3-1 to advance new, mandatory cybersecurity rules for registered investment advisers, companies and funds. The proposal - open for a 30-day public comment period - would require entities to adopt and implement written cybersecurity policies and a 48-hour incident reporting mandate.
Jeff Williams, co-founder and CTO of Contrast Security, says people have a right to know if the products they use are secure. It's difficult to tell if software is secure, he says, so companies need incentives to build good security programs, improve their software and disclose any flaws they find.
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.
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.
The arrest of a married New Yorker couple, charged with laundering bitcoins worth $3.6 billion that were stolen from a currency exchange in 2016, highlights the risk facing anyone who wants to launder large amounts of cryptocurrency and stay free long enough to enjoy their alleged rap career.
Some of the biggest cybercrime-focused darknet markets selling stolen payment card data, passwords, malware and more have retired in the past year, with administrators oftentimes boasting it's because they've gotten rich. As they exit, other players remain ready to grab their market share, experts say.
U.S. DHS Secretary Alejandro Mayorkas confirmed on Thursday that the department is establishing a Cyber Safety Review Board, as directed by President Joe Biden's sweeping cybersecurity executive order signed in May 2021. The board aims to mirror the work of the National Transportation Safety Board.
The House Oversight and Reform Committee today advanced its version of the Federal Information Security Modernization Act of 2022, which entails cybersecurity updates for federal civilian agencies. The bipartisan measure was sent to the full House on a voice vote.
Of the $5.6 billion obtained by the Department of Justice in civil settlements and judgements involving false claims and fraud against the U.S. government in 2021, more than $5 billion - or nearly 90% - involved healthcare sector entities. Why? Healthcare fraud, including false claims.
The European Systemic Risk Board has proposed a new systemic cyber incident coordination framework called EU-SCICF. This framework will be designed to counter any major cross-border cyber incidents in the financial sector space with a coordinated response.
U.S. authorities have mixed news for the healthcare and public health sector. The good news: The threat level posed by ransomware-as-a-service gang BlackMatter is reduced. The bad news: Other cybercriminals will undoubtedly fill the gap - if they haven't already.
Lawmakers on the House Committee on Financial Services this week announced nine provisions of its America COMPETES Act of 2022 - one of which has been criticized by cryptocurrency proponents for potential privacy and due process concerns.
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