Increased collaboration between the public and private sectors hasn't slowed the increased frequency and ease of ransomware intrusions, but efforts to change the financial incentives of ransomware are having "a pretty good effect," says Marc Rogers, vice president of cybersecurity strategy at Okta.
Solana identified a common thread in the million-dollar cyberattack on its hot wallets. The exploit might come down to wallet recovery passcodes stored in plaintext on a centralized server. There is "no evidence" that the Solana protocol or its cryptography were compromised.
As ransomware attacks continue to pummel organizations, Rapid7 Chief Scientist Raj Samani says victims must identify how the attacker broke in and if they've given themselves persistent ways to regain access. Otherwise, he says, "They'll hit you again and again."
Researchers from cybersecurity firm Mandiant say they've discovered a network of inauthentic news sites transmitting Chinese propaganda apparently all under the control of Shanghai Haixun Technology Co., a Chinese PR firm that advertises "positive energy packages."
Some experts predict cyber insurance rates will increase 40-75% in the near future, and MSPs need to take action now to protect their profits and businesses in 2022 and beyond. The panelists will explore why ransomware attacks are at the heart of these increases. This webinar features expert insights from:
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The challenge of dealing with cybercrime is complex. Human factors and the human-computer interface are central components of cybersecurity. But because threat actors understand human behavior, they know how to manipulate it to achieve their goals—stealing money and valuable information.
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Business email compromise (BEC) continues to grow year after year, now making up 35% of all cybercrime losses. By exploiting the relationships people have established with their executives, coworkers, and partners, business email compromise attacks dupe both traditional email security tools and the humans they target....
Multiple individuals returned a total of $11.4 million of the $190 million worth of cryptocurrency drained from cross-chain bridge Nomad on Wednesday, blockchain security firm PeckShield tells ISMG. Three cryptocurrency wallets currently hold $95 million of the stolen funds, it says.
Hackers are using an unknown exploit to draw down internet-connected wallets on the Solana blockchain. So far, thieves have made off with about $8 million worth of cryptocurrency, predominantly from mobile wallet users of Phantom and Slope. Solana is working to identify the root cause.
Britain's Conservative Party is holding a leadership contest, with the winner set to become the country's next prime minister. But the balloting process has been delayed after the National Cyber Security Center warned that hackers could abuse a process allowing members to change their online vote.
Attackers drained crypto assets worth nearly $200 million on Monday from cross-chain bridge Nomad, a "security-first cross-chain messaging protocol." Experts say the attack occurred after Nomad updated its smart contracts and inadvertently made it easy to spoof transactions.
Financial crimes against financial institutions have become more significant. These risks now represent one of the biggest areas of concern for the industry and one of the largest drivers of IT and compliance costs. Nick Davison of EY Australia and Paul Franks of SAS share new financial crime management strategies.
The Australian Federal Police have charged a 24-year-old Melbourne man for allegedly creating global spyware purchased by over 14,500 individuals across 128 countries. Priced at $25, once it is installed on a victim's computer, it can be used to steal personal information or spy on individuals.
Michael Alan Stollery, the chief executive of Titanium Blockchain, pleaded guilty in U.S. federal court to securities fraud in a scheme involving a fraudulent cryptocurrency initial coin offering in which $21 million was stolen. Stollery faces up to 20 years of imprisonment.
A music streaming blockchain service patched a bug on a smart contract that had gone undetected since 2020. An attacker used it to steal $AUDIO crypto tokens worth nearly $6 million and sold them for more than $1 million. The vulnerability wasn't detected by multiple smart contracts security audits.
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