The latest edition of the ISMG Security Report analyzes why the number of ransomware attacks and the amounts being paid in ransoms are both on the rise. It also discusses today's cyberthreat landscape and whether organizations should rely on user training to improve security.
Seeking maximum profits, ransomware groups continually refine the tactics they use to bypass defenses, infect victims and pressure them into paying. Unfortunately, a reported increase in ransomware attacks and ransom amounts getting paid to criminals suggests these efforts largely remain successful.
Thieves behind a phishing campaign targeting investors into a cryptocurrency exchange got away with at least $8 million. The attack took advantage of human credibility, not a cybersecurity exploit in the Uniswap protocol, experts say. The stolen funds are being laundered in a cryptocurrency mixer.
The role of cyberattacks in Russia's war against Ukraine continues to evolve as the conflict persists, but one notable takeaway so far is the precision of the military's online attacks, which is likely an attempt to avoid spillover that would anger NATO, says Ian Thornton-Trump, CISO of Cyjax.
Moises Zagala is a 55-year-old cardiologist living in Ciudad Bolivar, Venezuela. He has a bald head and an earnest smile. In one photo, he wears a doctor's white overcoat and has a stethoscope around his neck. But U.S. prosecutors allege Zagala led a double life and claim he's also a cybercriminal.
Lithuanian state energy company Ignitis Group was the victim of a distributed denial-of-service attack; a pro-Russian hacker group claimed responsibility. The Baltic nation is a supply chain chokepoint for Kaliningrad. Last month, it began enforcing EU sanctions on the Russian exclave.
Newly spotted ransomware dubbed HavanaCrypt by TrendMicro masquerades as the Google Software Update. For all its sophistication, it fails to drop a ransom note, leading researchers to speculate that it is still in development. Detect and block it before it causes more damage, the company warns.
Indian Home Affairs Minister Amit Shah called for stricter action against cybercriminals, vowing that the central and state governments will collaborate on a strategy to tamp down financial fraud. Crime statistics collected by New Delhi show reported cybercrimes nearly doubling from 2018 to 2020.
The Predatory Sparrow hacking group recently claimed to have triggered fires in multiple state-run Iranian steel foundries via hack attacks. Clearly, industrial cybersecurity remains essential. But are the attacks a sign of much more to come or more of a politically motivated proof of concept?
Recorded Future has purchased malware analysis startup Hatching to give its clients better visibility into active campaigns in the wild. Data gathered by Hatching's malware sandboxing tool will benefit both companies, providing clients with a view of malware trends, targets and sources.
The government of Puerto Rico announced an investment of $7.6 million toward strengthening cybersecurity on the island. The island has undergone a string a embarrassing cybersecurity incidents, including a phishing incident that stole $2.6 million of taxpayer dollars.
A federal contractor that makes rocket propulsion systems will pay $9 million to settle allegations from a former executive that it misled the U.S. government over the state of its cybersecurity defenses even after it suffered nation-state hacks. Aerojet Rocketdyne is not admitting any liability.
It's not the emerging technology or the increasingly complex threat landscape. Instead, people and process are what prove to be consistently the most challenging parts of the job for Caleb Sima, chief security officer at Robinhood.
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