There has been a rise in crypto fraud, and a substantial portion of it can be attributed to stimulus funding and paycheck protection programs, says David Britton, vice president of strategy, global ID and fraud at Experian. He discusses new authentication methods and stricter regulations.
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 U.S. Department of Justice has revised its policy on who it charges with violations under the Computer Fraud and Abuse Act. The DOJ now specifies that good-faith security research and researchers cannot be charged under the CFAA because they help improve cybersecurity standards.
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.
Two recent apparent ransomware attacks on health plans have potentially affected hundreds of thousands of individuals. One of the incidents allegedly involved the Conti ransomware group, and the other allegedly involved Hive. One of the health plans is already facing legal fallout.
Attackers who successfully infect targets with ransomware primarily first gain access by exploiting poorly secured remote desktop protocol or VPN connections or by using malware-laden phishing emails, reports security firm Group-IB, based on more than 700 attacks it investigated in 2021.
The latest edition of the ISMG Security Report analyzes the changes in the ransomware landscape one year after the attack on Colonial Pipeline. It also revisits the Ryuk ransomware attack on a school district in Illinois and examines common culprits hindering effective Zero Trust adoption.
Alberto Hasson, the CISO at ICL Group, discusses how to avoid becoming the next victim of a ransomware or other malware attack. He outlines what defenders can do to close gaps in their defense strategies and how they can mitigate attackers' ever-evolving tactics.
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.
The Association of Certified Fraud Examiners, or ACFE, has released its study titled "Report to the Nations." Mason Wilder, research manager at the ACFE, shares some important findings from the report and discusses how occupational fraud is reported and which organizations are affected by it.
Three experts - Mohammad Shahadat Hossain of Grameenphone, Muhammed Abdullah Al Mamun of United Commercial Bank, and Prabeer Sarkar of Dhaka Distributions, discuss how enterprises in Bangladesh are defending themselves against ransomware attacks.
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.