New cyber incident reporting rules are set to come into effect in the U.S. on May 1. Banks in the country will be required to notify regulators within 36 hours after an organization suffers a qualifying "computer-security incident." What does this mean for banks, and what are the likely challenges?
In this edition, four ISMG editors discuss important cybersecurity issues, including how virtual currency Monero is becoming the main alternative to Bitcoin as the crypto choice for criminals, the challenges involved in an identity-centric Zero Trust approach and how to influence change in culture.
The healthcare industry continues to be targeted by ransomware gangs, but there are efforts underway to help improve the health sector's information security resiliency. Errol Weiss of Health-ISAC says the industry as a whole lacks resources.
Don't stockpile cryptocurrency in case your organization falls victim to ransomware-wielding attackers and opts to pay a ransom. This might seem obvious to anyone aware of the volatility in Bitcoin's value, but some organizations reportedly used to employ this incident response strategy.
Ransomware attacks have come storming back after experiencing their typical end-of-the year decline. Security researchers report that the greatest number of known victms has been amassed by Lockbit, followed by Conti, Hive and Alphv/BlackCat.
Prevention is the best method to combat ransomware, but technology alone can only take you so far. Despite advancements in ransomware prevention technologies such as NGAV, application control, detection and response (EDR, XDR, and SOAR), and IR frameworks like MITRE ATT&CK, ransomware attacks continue to escalate....
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The Wall Street Journal reported that the sophisticated and well-coordinated groups behind the ransomware attacks on U.S. Hospitals raked in more than $100 million last year. Attacking the domestic healthcare industry is lucrative, especially against a susceptible target. Even worse, ransom payments are no guarantee...
This ISMG Security Report analyzes the U.S. State Department's reward offer of up to $10 million for information about Russian military hackers implicated in NotPetya. It also examines how ransomware may evolve and the new cybersecurity draft guidance issued by the Food and Drug Administration.
Ransomware group Stormous, in a Telegram post on Monday, said that it has breached and exfiltrated 161GB worth of critical data from beverage manufacturing giant Coca-Cola. The soft drink company has told Information Security Media Group that it is investigating the claim.
The U.S. government on Tuesday announced a reward of up to $10 million for information pertaining to six alleged Russian military hackers tied to the 2017 NotPetya destructive malware campaign. The malware spread globally, causing commercial damage of up to $10 billion.
The median number of days an attacker dwells in a system before detection fell from 24 days in 2020 to 21 days in 2021, according to a Mandiant report. The biggest year-on-year decline in median dwell time occurred in the APAC region, where it dropped from 76 days in 2020 to 21 days in 2021.
Almost all ransomware-wielding attackers accept Bitcoin for ransom payments, but many prefer Monero, thanks to the privacy-preserving coin being tougher for law enforcement officials to track. But advanced intelligence efforts to try and unmask criminal users of both Bitcoin and Monero are ongoing.
Has your organization been bitten by BlackCat ransomware, aka Alphv? If so, the FBI wants to hear details about how attackers broke in, cryptocurrency wallet addresses used to receive ransoms and other information that could help law enforcement authorities better track and block future attacks.
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