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Fraud Management & Cybercrime

Biden's Cybersecurity Executive Order: 4 Key Takeaways

Scott Ferguson  •  May 13, 2021

By issuing a sweeping cybersecurity executive order on Wednesday, the Biden administration is attempting to take a critical step to address security issues that have come to light after recent cyberattacks. Here's an analysis of the order's key elements.

Fraud Management & Cybercrime

Biden: Russian Government Not Behind Colonial Pipeline Attack

Doug Olenick  •  May 13, 2021

President Joe Biden says the Russian government was not behind the ransomware attack that struck Colonial Pipeline Co. May 7, but he said attackers living in Russia were involved.

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3rd Party Risk Management

Colonial Pipeline Attack: 'We're Simply Unprepared'

Tom Field  •  May 13, 2021

As former CISO of Pacific Gas & Electric, Bernie Cowens knows plenty about cyber securing the nation's critical infrastructure. He shares his informed opinion on the Colonial Pipeline ransomware attack and what public and private sector entities must do to shore up key defenses.

Fraud Management & Cybercrime

Android Trojan Targets European Bank Customers

Akshaya Asokan  •  May 13, 2021

A newly uncovered Android Trojan called TeaBot is targeting bank customers in Europe to steal sensitive credentials and SMS texts for financial fraud, a report by security firm Cleafy notes.

3rd Party Risk Management

Biden Signs Sweeping Executive Order on Cybersecurity

Doug Olenick  •  May 12, 2021

President Joe Biden signed an extensive executive order Wednesday that describes the government's plan to increase cybersecurity protection across the public and private sectors as well as secure the nation's infrastructure against the type of attack that targeted SolarWinds and its customers.

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Critical Infrastructure Security

Colonial Pipeline Attack: 'All Monsters Are Human'

Tom Field  •  May 12, 2021

In April, Cybereason published a blog describing its research into the DarkSide ransomware strain that infected Colonial Pipeline this past week. Sam Curry, CSO of Cybereason, shares insights on DarkSide and the tactics behind the new breed of ransomware attacks.

Governance & Risk Management

Microsoft Patches 4 More Exchange Flaws

Doug Olenick  •  May 12, 2021

Microsoft issued patches Tuesday for four more vulnerabilities in on-premises versions of the Exchange Server corporate email platform, one of which is a zero-day flaw.

Business Continuity Management / Disaster Recovery

CISA Awaits Technical Details on Colonial Pipeline Attack

Scott Ferguson  •  May 11, 2021

CISA is still awaiting more technical details from Colonial Pipeline about the Friday ransomware attack that forced it to shut down its operations, Brandon Wales, the agency's acting director, told a Senate committee that's probing the attack and other cybersecurity incidents.

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Critical Infrastructure Security

Colonial Pipeline: 'A Global Day of Reckoning'

Tom Field  •  May 11, 2021

Gregory Touhill, the retired Air Force general and former federal CISO under President Obama, minces no words when he describes the Colonial Pipeline ransomware attack as a "global day of reckoning" for critical infrastructure protection.

Business Continuity Management / Disaster Recovery

Assessing Whether a Nation-State Had a Role in Pipeline Attack

Steve King  •  May 11, 2021

Tom Kellerman of VMware Carbon Black shares his opinions about whether a nation-state was behind the recent ransomware attack on Colonial Pipeline and what the U.S. government should do to prevent other cyberattacks.

Cybercrime

DarkSide's Pipeline Ransomware Hit: Strictly Business?

Mathew J. Schwartz  •  May 11, 2021

"It's not personal ... It's strictly business." That line from "The Godfather" encapsulates the mindset of criminals who extort businesses using ransomware and other tools: Their imperative is profits, no matter any disruption they might cause to critical services, such as those provided by Colonial Pipeline.

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Fraud Management & Cybercrime

Pipeline Attack: 'Time for a Disproportionate Response'

Tom Field  •  May 10, 2021

It’s serious, impactful and raises new questions about critical infrastructure protection. But don’t tell Philip Reitinger of the Global Cyber Alliance that the Colonial Pipeline ransomware attack is any kind of a “wake-up call.” He says we’re long past that.