Driven by the profits to be achieved via ransomware, most botnet operators have dropped banking Trojans in favor of supporting and running crypto-locking malware attacks, according to security experts who spoke Wednesday at cybersecurity firm Group-IB's CyberCrimeCon 2020 virtual conference.
The FBI has sent out a private industry alert warning about an increase in attacks using Ragnar Locker ransomware. The operators behind this crypto-locking malware have recently targeted companies that include EDP, Campari and Capcom, researchers note.
The latest Linux version of the Stantinko botnet is designed to disguise the malware as an Apache server to help better avoid security tools and remain hidden, according to Intezer Labs.
Google removed two Android apps made by Baidu, a Chinese company, from its Google Play store after security researchers found they were collecting and possibly leaking data that could have been used to track individuals.
The Home Depot reached a $17.5 million settlement of a multistate lawsuit stemming from a 2014 data breach that compromised the payment card data of 40 million customers. The company will also implement new security procedures as part of the agreement.
The gang operating Trickbot is continuing its activities despite recent takedown efforts, rolling out two updates that make the malware more difficult to kill, according to the security firm Bitdefender.
In the continuing effort to counter rising cyberthreats, India will roll out the latest version of its proposed Data Protection Bill by early 2021, says Lt. Gen. (Ret.) Rajesh Pant, the national cybersecurity coordinator at the Prime Minister's Office.
Cybersecurity leaders are not immune to the forces of digital transformation. In fact, Nicolas Casimir, CISO EMEA with Zscaler, says the role is forever changed by the business and technologies evolutions we have seen in 2020.
The Telecommunications Security Bill introduced by the British government aims to set enforceable, minimum security standards for the nation's telecommunications providers, backed by penalties, including for any company that opted to use equipment from high-risk providers such as China's Huawei.
Ransomware continues to pummel many types of organizations, recently including South Korea's E-Land retail group, French newspaper Paris-Normandie and a Georgia county school system. A ransomware hit against hosting giant Managed.com has resulted in ongoing site outages for numerous others.
Adopting a "security by design" approach and weaving it into the digital transformation road map helps organizations defend against cyberthreats, says Reem AlShammari, CISO at Kuwait Oil Co., who also advocates threat information sharing.
Last week, fraudsters targeted two cryptocurrency platforms by accessing domains managed by GoDaddy, according to notices published by the victimized firms. The domain register company previously has had issues with unauthorized access.
The operators behind the Qbot banking Trojan are now deploying a recently uncovered ransomware variant called Egregor to target organizations across the world, according to researchers at Group-IB.
A Florida man has been sentenced to 37 months in prison after pleading guilty to a federal laundering money charge stemming from a $9 million business account takeover scheme, according to the Justice Department.
Researchers have identified a fresh variant of the Grelos skimmer that has co-opted the infrastructure that MageCart uses for its own skimming attacks against e-commerce sites, according to RiskIQ. The malware has been found on several small and mid-size e-commerce sites worldwide.
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