Some of the highest-ranking cybersecurity officials in the U.S. government discussed the pervasive threat of ransomware on Tuesday, likening it to a clear issue of national security with the ability to inflict measurable damage on major world powers.
The Data Security Council of India has issued an advisory about newly discovered ransomware Alkhal, which uses a strong encryption tool and has no known decryptor to recover lost data. The ransomware was likely discovered on Oct. 1 by security firms Malwarebytes and Cyclonis.
Police in Ukraine have arrested two members of a ransomware operation they say has targeted businesses in North American and Europe, leading to victim losses totaling at least $150 million. The operation also involved French cyber police, the FBI and Interpol, backed by Europol's European Cybercrime Center.
Four federal agencies have been awarded $311 million to bolster the U.S. government's cyber defenses and address IT modernization challenges, according to the interagency board of the Technology Modernization Fund, a federal funding source, which made the announcement Thursday.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including why enterprises need a multilayered approach to securing identity, how fraud will evolve in 2022 and the need to secure backdoors to prevent ransomware attacks.
Neiman Marcus Group says it is notifying 4.6 million of its online customers who are affected by a data breach that occurred in May 2020. The data includes personally identifiable data, payment and gift cards, online account credentials and security questions.
The latest edition of the ISMG Security Report features an analysis of how a cryptocurrency exchange bug has revealed North Korean monero laundering. Also featured are cyber insurance trends and cybercrime innovation.
A new self-assessment tool aims to help public and private sector organizations assess their level of vulnerability to insider threats, according to CISA. The agency also indicated this week it will keep its "rumor control" website active ahead of the 2022 midterm elections.
Rant of the day: Are we getting hacked because we now work remotely in the new normal? No, we're being hacked because we're not managing our risks and being lazy - and because the CISO is not being heard.
Microsoft has indicated it will make changes to reduce the risk around what a security vendor says is a vulnerability that lets attackers run brute-force credential attacks against Azure Active Directory. The issue was reported to Microsoft in June by SecureWorks' Counter Threat Unit.
The pandemic and the rise in cyberattacks has put CISOs in a new spot, says Amit Dhawan, CISO and DPO at Birlasoft. He discusses why it's critical for them to understand business risks.
You can't decrease the motivation of ransomware attackers. But you can curb their success by bolstering your own enterprise's approach to access, credentials and privileges. Morey Haber and James Maude of BeyondTrust share insights on ransomware defense.
Cybersecurity and computer science experts testifying before Congress on Tuesday expressed concerns about their inability to access key social media data sets that could allow them to analyze and potentially counter the spread of misinformation.
Weaknesses in the systems of ShapeShift, a U.K.-based cryptocurrency exchange, reveal how a North Korean-linked group laundered cryptocurrency that came from the WannaCry 2.0 attack. The issues undermined some protections in Monero, a cryptocurrency designed to provide a high degree of privacy.
The world is experiencing a cybercrime pandemic, which is a direct consequence of COVID-19, according to Amit Basu, CISO and CIO at International Seaways. He offers proactive prevention measures, based on his own experience, for how organizations can stay safe and secure.
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