The U.S. Justice Department reported it recouped $2.3 million of the $4.4 million ransom Colonial Pipeline Co. paid following a May 7 ransomware attack. The DOJ's Ransomware and Digital Extortion Task Force coordinated the effort, in which the FBI tracked payment to a bitcoin wallet it controls.
The ransomware attack that disrupted operations at meat processing giant JBS has exposed cybersecurity shortcomings in the U.S. agricultural sector and food supply chain. Experts say the industry demands the level of security scrutiny given to the electrical grid and other critical infrastructure.
It is particularly challenging for financial institutions to catch authorized push payment fraud. But behavioral metrics can play a big role in detecting these incidents, says Steve Ledford of The Clearing House.
Organizations are connecting to industrial control networks at an increasing pace. The need to connect to the IT environment, cloud applications and remote workers has created a definitive gap by eroding the demilitarized zone. Because of this, organizations must deploy new ways to secure operational technology...
Former customers of the now-defunct encrypted communications service EncroChat, which was infiltrated by police last year, continue to get busted, including members of a crime syndicate that operated "an industrial-scale cocaine laboratory" in the Netherlands, Europol says.
The Department of Justice announced Tuesday that it has seized two domains that were used during a recent phishing campaign that targeted a marketing firm used by the U.S. Agency for International Development - USAID - to send malicious messages to thousands of potential victims.
A Russian group that was behind the massive SolarWinds supply chain attack has returned with a fresh phishing campaign, according to Microsoft. This new campaign compromised a marketing firm used by the U.S. Agency for International Development - USAID - to send malicious messages to thousands.
The latest edition of the ISMG Security Report features an analysis of the city of Tulsa's decision to refuse to pay a ransom following an attack. Also featured: Johnson & Johnson's CISO on shifting priorities; mitigating quantum computing risks.
Belgium's interior ministry, Federal Public Service Interior, is investigating an attack against its network that appears to have the hallmarks of a cyberespionage campaign.
The key to reducing "alert fatigue" is to make sure alerts are repeatedly validated before they're distributed, says Chris Kubic, CISO at Fidelis Cybersecurity, who formerly served as CISO at the U.S. National Security Agency.
There's growing momentum around the use of software bills of materials, which allow for automated supply chain risk analysis. Patrick Dwyer of OWASP says that SBOMs and automation mean organizations can make better risk-based decisions on emerging security threats.
Network intrusion displaced phishing as the leading hack-attack tactic last year, while ransomware continued to surge as the pandemic complicated incident response efforts, says BakerHostetler's Craig A. Hoffman, who describes trends from the 1,250 incidents his firm helped manage.
To unlock the value of quantum computing, two systemic risks - tech governance and cybersecurity - need to be overcome, says William Dixon of the World Economic Forum.
Iran is using its abundance of oil to generate electricity that powers a massive bitcoin cryptomining operation that enables the country to turn its greatest natural resource into money, offsetting some of its income lost as a result of economic sanctions, according to cryptocurrency analysis firm Elliptic.
Ransomware attacks are stuck on repeat: Criminal syndicates have found an extremely profitable business model, and they're milking it for all it's worth. So give the city of Tulsa, Oklahoma, credit for having in place robust disaster recovery capabilities and vowing to remediate, rather than pay criminals.
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