The ransomware industry has matured. Tim West, director of threat intelligence at WithSecure, warned about the modern ransomware ecosystem, which features an established marketplace of tools and services that can be used in ransomware attacks, and how it has lowered the bar for attackers.
What’s old is new again…Mid-market and small banks are as vulnerable as ever to check kiting schemes due to limited resources and outdated technology, if not more due to the rise in check fraud. Manual verification processes and outdated detection methods make it easier for fraudsters to exploit the delay between...
A ransomware attack on a pathology services firm earlier this week continues to disrupt patient care, including transplants, blood testing and other services, at multiple NHS hospitals and primary care facilities in London. Russian-speaking cybercrime group Qilin is believed to be behind the attack.
LockBit has begun to leak on its dark web site files of data the Russian-speaking cybercriminal gang claims to have stolen in an April attack on London Drugs. The group had threatened to publish the exfiltrated data if the Canadian retail pharmacy chain does not pay a $25 million ransom demand.
A previously undetected, suspected Chinese-state threat actor has been targeting governments in the South China Sea for years with a remote access Trojan that has been a favorite of Chinese hackers since its creation almost two decades ago, say security researchers from Bitdefender.
The digital payment landscape is undergoing transformative growth, with cybersecurity at its core. Dharshan Shanthamurthy, CEO at SISA, discussed the urgency of addressing cybersecurity in an industry that is not only lucrative for businesses but also for motivated criminal gangs.
More and more in society, deepfake technology leverages artificial intelligence to create convincing fake audio and video clips and is evolving rapidly. These technologies not only pose significant threats to personal and organizational cybersecurity programs, but also present unique challenges and opportunities in IT...
Deciding to pay cybercriminals a ransom in the attack on Change Healthcare was one of the most difficult choices UnitedHealth Group CEO Andrew Witty ever faced, according to written testimony ahead of two congressional hearings this week on the disruptive Change Healthcare mega-hack.
The value of corporate credentials in the cybercrime market contributed to a 643% increase in data theft attacks over the past three years, cybersecurity company Kaspersky says. Malicious access brokers stole close to 400 million logins and passwords for numerous websites in the past year.
In the latest weekly update, four ISMG editors discussed the unending twists and turns in the Change Healthcare cyberattack, positive signs of economic recovery in the cybersecurity tech market, and how artificial intelligence is shaking up supply chain security.
The IT services disruptions resulting from the Change Healthcare cyberattack is continuing to have a "devastating" effect on physician practices, threatening the financial viability of many and posing serious implications to patient care, said the American Medical Association in a new study.
A second cybercriminal gang - RansomHub - is trying to shake down Change Healthcare's parent company, UnitedHealth Group, and have it pay another ransom for data that an affiliate of ransomware-as-a-service group BlackCat claims to have stolen in February. Is this the latest ruse in a messy attack?
UnitedHealth Group has admitted data was "taken" in the cyberattack on Change Healthcare and has just started analyzing the types of personal, financial and health information potentially compromised. The U.S. is offering a $10 million bounty for BlackCat, which claims to have launched the attack.
A new tool set on the dark web is gaining traction as an attack weapon to target remote access services and popular e-commerce platforms. TMChecker helps threat actors seeking to compromise corporate networks and gain unauthorized access to sensitive data.
UnitedHealth Group expects some key IT systems and services affected by the recent cyberattack on its Change Healthcare unit to regain functionality over the next week to 10 days. Certain pharmacy services are already restored. But the American Medical Association is not impressed.
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