Following an outage of the REvil - aka Sodinokibi - ransomware operation due to coordinated law enforcement efforts involving the U.S. and foreign partners, the operators behind DarkSide ransomware have moved bitcoin worth almost $7 million to multiple new wallets, making it more difficult to track.
While ransomware might be today's top cybercrime boogeyman, attackers aren't infallible. The latest example: Errors in DarkSide - and its BlackMatter rebrand - enabled security experts to quietly decrypt many victims' files for free, saving millions in potential ransom payments.
Threat group FIN7 has set up a website posing as a security company to recruit talent, according to fraud intelligence company Gemini Advisory. The aim of the scam was to lure security researchers who could help the group with penetration testing-related activities to enable ransomware attacks.
In the latest weekly update, four ISMG editors discuss: a federal judge imposing the maximum sentences on a hacker who pleaded guilty to conspiracy and aggravated identity theft, regulators getting tougher on cryptocurrency lending platforms and the return to in-person roundtables.
The outages of the notorious REvil - aka Sodinokibi - ransomware operation have been due to a coordinated law enforcement effort involving the U.S. and foreign partners, aimed at disrupting the group's attack capabilities, Reuters reports.
The latest edition of the ISMG Security Report features an analysis of whether businesses are stepping up their ransomware defenses in response to several warnings released by the U.S. and U.K. governments highlighting the threat posed to infrastructure. Also featured are the Thingiverse data breach and airline fraud...
Disturbing findings from a recent study examining the impact of ransomware attacks on patient care must serve as a wake-up call for the healthcare sector to intensify its preparedness to deal with such incidents, say Larry Ponemon of research firm Ponemon Institute and Ed Gaudet of risk management firm Censinet. The...
In a busy congressional day for cybersecurity legislation, the U.S. House of Representatives passed several bills on Wednesday, targeting both software supply chain and telecommunication system security. One observer describes them as "a win-win for the government and U.S. citizens."
When a business, government agency or other organization hit by ransomware opted to pay a ransom to its attacker in Q3, the average payment was $140,000, reports ransomware incident response firm Coveware. It says the attack landscape has seen some notable shifts since the Colonial Pipeline attack.
Is there any bigger cybercrime soap opera than the life and times of ransomware operators? Take the REvil, aka Sodinokibi, ransomware-as-a-service operation, which feels like it's disappeared and reappeared more times than the secret, identical twin of the protagonist in your favorite melodrama.
Researchers at cybersecurity firm Trend Micro have observed the adoption of a new franchise-based business model by ransomware operators that moves away from the traditional ransomware-as-a-service model. Operators now rebrand a "supplier" ransomware before deployment.
Israeli officials say they have fended off a wave of attempted cyberattacks on several hospitals and healthcare entities in recent days, as Hillel Yaffe Medical Center continues to recover from a ransomware attack last week that authorities reportedly suspect was carried out by Chinese hackers.
Ransomware and nation-state threats are daunting. But the threat that concerns Mustapha Kebbeh the most is supply chain risk. The Brinks CISO discusses how he has tackled this, as well as the challenges of tool complexity and peer collaboration.
A spate of ransomware incidents affecting the education sector has led to the loss of student coursework, financial records and data relating to COVID-19 testing. Matthew Trump, senior IT security officer for the University of London, U.K., outlines incident response strategies.
How many ways do U.S. businesses need to be told to lock down their systems to safeguard themselves from ransomware? That's the focus of a new, joint cybersecurity advisory from the U.S. government pertaining to BlackMatter, following an advisory issued last month about Conti.
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