PayPal plans to hire more than 100 cryptocurrency experts, including those with expertise in compliance and anti-money laundering, as the online payments service expands its digital money transferring service and adds a "super app" wallet.
Chinese APT groups compromised networks of telecom providers across Southeast Asia in an effort to harvest customers' sensitive communications, according to Cybereason. As in other Chinese cyberattacks, these APT campaigns exploited flaws in Microsoft Exchange servers.
Tom Kellermann calls it a new "Twilight Zone" - an era in which cybersecurity adversaries can unleash destructive attacks that manipulate time, data, audio and video. The cybersecurity strategist shares insights and analysis from his latest Global Incident Response Threat Report.
Ransomware actors have taken a page from the playbooks of tech support scammers of yore by guiding victims to download malware through persuasion over the phone. Microsoft says the technique is more dangerous than it first realized.
A "zero trust" security architecture is a strong defense against ransomware attacks because it's so effective at preventing intruders from accessing critical systems, says Anil Valluri, managing director and regional vice president-India and SAARC at Palo Alto Networks.
A funny thing happened on the way to the nonstop ransomware payday: Some groups hit the wrong targets - Ireland's health system, a major U.S. fuel pipeline - resulting in the U.S. moving to much more aggressively disrupt their business model, says Bob McArdle, director of cybercrime research at Trend Micro.
The new BlackMatter ransomware operation claimed to have incorporated "the best features of DarkSide, REvil and LockBit." Now, a security expert who obtained a BlackMatter decryptor reports that code similarities suggest "that we are dealing with a Darkside rebrand here."
The Russian-linked group that targeted SolarWinds using a supply chain attack compromised at least one email account at 27 U.S. attorneys' offices in 15 states and Washington, D.C., throughout 2020, according to an update posted by the Justice Department.
Researchers at the security firm RiskIQ have uncovered about 35 active command-and-control servers connected with an ongoing malware campaign that has been linked to a Russian-speaking attack group known as APT29 or Cozy Bear.
The ransomware landscape changes constantly as groups disappear, change approaches or rebrand. The DoppelPaymer operation, for example, appears to have reinvented itself as Grief, while the administrator of Babuk has launched a ransomware-friendly cybercrime forum called RAMP.
In the latest weekly update, three editors at Information Security Media Group discuss important cybersecurity issues, including the latest ransomware trends, plus an update on NIST's "zero trust" initiative.
Nearly three weeks ago, Iran's state railway company was hit with a cyberattack that was disruptive and - somewhat unusually - also playful. Security firm SentinelOne says analyzing the wiper malware involved offers tantalizing clues about the attackers' skills, but no clear attribution.
The latest edition of the ISMG Security Report features an analysis of the disappearance of ransomware-as-a-service groups, such as REvil and Darkside, and how that impacts the wider cybercrime ecosystem. Also featured: ransomware recovery tips; regulating cyber surveillance tools.
Ransomware operations continue to thrive thanks to a vibrant cybercrime-as-a-service ecosystem designed to support all manner of online attacks. Given that attackers first need remote access to victims' systems, robust patch management and remote desktop protocol security remain obvious must-have defenses.
Cyber insurance provider Coalition Inc. says its clients' average claims for losses when they were hit by a ransomware attack totaled $184,000 in the first half of this year, down 45% compared to the second half of 2020. Negotiating lower ransoms and more efficient recovery were key factors.