The U.S. Department of Justice said this week it will pursue government contractors that fail to report cybersecurity incidents. The department also announced the formation of a Cryptocurrency Enforcement Team to prosecute the misuse of virtual currencies.
Who had heard of Syniverse before it recently disclosed a five-year breach, potentially exposing call-routing data and text messages for hundreds of mobile phone networks? The incident is just the latest supply chain attack to hit a lesser-known but nevertheless critical service provider.
Nine months after discover of the attack that targeted SolarWinds and clients of its network monitoring tool, the incident continues to spur investigations into what happened. The SEC is reportedly probing those businesses involved, and lawmakers want answers about the breach of DOJ emails.
"Silence is gold." So says ransomware operator Ragnar Locker, as it attempts to compel victims to pay its ransom demand without ever telling anyone - especially not police. But some ransomware-battling experts have been advocating the opposite, including mandatory reporting of all ransom payments.
The latest edition of the ISMG Security Report features an analysis of data breach trends. Also featured: yet another Microsoft Exchange vulnerability and misconceptions about cybercrime groups.
Because a relatively small number of individuals provide the vast majority of services and infrastructure that power cybercrime, they remain top targets for arrest - or at least disruption - by law enforcement authorities, says cybercrime expert Alan Woodward. But of course, geopolitics sometimes gets in the way.
Phishing, ransomware and unauthorized access remain the leading causes of personal data breaches as well as violations of data protection rules, Britain's privacy watchdog reports. The U.K. government has also been caught out by breaches and leaks involving military secrets and CCTV footage from a government building.
The latest edition of the ISMG Security Report features an analysis of the cybercrime-as-a-service model and how law enforcement could potentially disrupt it. Also featured: T-Mobile probes a massive data breach; tackling abuse in the workplace.
T-Mobile USA has confirmed that its systems were breached and that details for 7.8 million current T-Mobile postpaid customers and 850,000 prepaid customers as well as records for 40 million individuals who applied for credit were stolen.
The ransomware attack that targeted Colonial Pipeline Co. in May compromised the personal information of more than 5,800 individuals, mainly current and former employees, according to a breach notification letter.
This edition of the ISMG Security Report features an analysis of ongoing investigations into the use of NSO Group's Pegasus spyware to spy on dissidents, journalists, political rivals, business leaders and even heads of state - and discussion of whether the commercial spyware business model should be banned.
Clothing retailer Guess suffered a ransomware attack and data breach earlier this year that exposed personal information - including Social Security numbers, driver's license and passport numbers, and financial details - for an unspecified number of individuals.
Investment banking giant Morgan Stanley is the latest company to report a data breach tied to zero-day attacks on Accellion's legacy File Transfer Appliance - yet another indicator of the sustained impact of supply chain attacks.
This edition of the ISMG Security Report features three segments on battling ransomware. It includes insights on the Biden administration's efforts to curtail ransomware attacks, comments on risk mitigation from the acting director of CISA, plus suggestions for disrupting the ransomware business model.
The Biden administration has a message for Russia: Rein in the criminal hackers operating from inside your borders who hit Western targets, or we'll do it for you. But experts say disrupting ransomware will take more than diplomacy or even using offensive cyber operations to target criminal infrastructure.
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