Police in Nigeria this week arrested a 37-year-old man who's been charged with masterminding "a criminal syndicate tied to massive business email compromise and phishing campaigns," Interpol reports. But with known BEC losses last year exceeding $2.4 billion, will the arrest have a noticeable impact?
Ransomware gang Black Basta, which came to prominence in April, has claimed responsibility on its leak site for a ransomware attack on AGCO. An AGCO spokesperson confirmed to ISMG that employee data was exfiltrated during an attack but did not comment on Black Basta's claims of responsibility.
Indian passenger airline SpiceJet says an attempt at a ransomware attack was made against its IT infrastructure on Tuesday night. The airline says the attack was "contained," and it has resumed regular operations. Passengers continued to complain about takeoff delays until noon local time.
Microsoft has observed a 254% increase in activity over the past six months from a Linux Trojan called XorDdos. First discovered in 2014, XorDdos was named after its denial-of-service-related activities on Linux endpoints and servers and its usage of XOR-based encryption for its communications.
In the latest update, four ISMG editors discuss the alarming, bizarre case of a cardiologist in Venezuela charged with developing malware and recruiting affiliates, recent ransomware and data leak incidents in healthcare and how the economy is causing mature cybersecurity startups to slow hiring.
When Colonial Pipeline suffered an outage in May 2021 as a result of an attack by the DarkSide crime syndicate, numerous governments changed their approach to ransomware and began treating it as a national security threat, says Rapid7's Jen Ellis. She details what needs to happen next.
The Russian-language criminal syndicate behind the notorious Conti ransomware has retired that brand name, after having already launched multiple spinoffs to make future operations more difficult to track or disrupt, threat intelligence firm Advanced Intelligence reports.
North Korean information technology workers have been attempting to obtain employment in public and private sectors in the United States to fund their home country's weapons of mass destruction and ballistic missiles programs, according to an advisory from U.S. federal agencies.
Poor security configurations, weak controls and gaps in authentication protocols are among the common initial access vectors "routinely exploited" by threat actors, the Five Eyes cybersecurity alliance says. Firms offering cybersecurity services weigh in on the gaps and implementation challenges.
Criminals are doubling down on their use of information-stealing malware, such as Cryptobot, RedLine Stealer and QuilClipper, to steal private keys and siphon off cryptocurrency being stored in internet-connected hot wallets or to raid cryptocurrency holders' online exchange accounts.
Ransomware group Conti, which has been holding to ransom crypto-locked Costa Rican government systems since April, has claimed on its leak site Conti News that it has "insiders" in the country's government, and that they are working toward the compromise of "other systems."
Cyber Risk Analytics is Flashpoint's data breach research team that since 2013 has analyzed incidents and trends. Inga Goddijn, who heads that team, opens up on ransomware, Russia's invasion of Ukraine and why so much of successful defense still comes back to getting the basics right.
U.S. authorities have charged a cardiologist based in Venezuela with developing and selling multiple strains of ransomware, including Jigsaw and Thanos, as well as recruiting affiliates to use the crypto-locking malware against victims in return for a cut of any ransoms paid.
In the latest "Proof of Concept," Lisa Sotto, Jeremy Grant and ISMG editors discuss the significance of Apple, Google and Microsoft supporting the FIDO protocol's passwordless sign-in standard, progress made on Biden's cybersecurity executive order and updates on U.S. cybersecurity and privacy laws.
Italian police reportedly thwarted attempts to disrupt online voting for the music competition Eurovision, allegedly perpetrated by a hacking group called Killnet in retaliation for Russia not being allowed to compete at this year's festival, due to its invasion of Ukraine.