In this edition, four ISMG editors discuss important cybersecurity issues, including how virtual currency Monero is becoming the main alternative to Bitcoin as the crypto choice for criminals, the challenges involved in an identity-centric Zero Trust approach and how to influence change in culture.
Don't stockpile cryptocurrency in case your organization falls victim to ransomware-wielding attackers and opts to pay a ransom. This might seem obvious to anyone aware of the volatility in Bitcoin's value, but some organizations reportedly used to employ this incident response strategy.
Ransomware attacks have come storming back after experiencing their typical end-of-the year decline. Security researchers report that the greatest number of known victms has been amassed by Lockbit, followed by Conti, Hive and Alphv/BlackCat.
As one of the architects of Israel's offensive Red Team intelligence unit and Incident Response Team, Reuven (Rubi) Aronashvili, CEO of Israeli cybersecurity company CYE, provides a highly informed view of current cyberwarfare in the Russia-Ukraine war, including how it differs from kinetic warfare.
The U.S. government on Tuesday announced a reward of up to $10 million for information pertaining to six alleged Russian military hackers tied to the 2017 NotPetya destructive malware campaign. The malware spread globally, causing commercial damage of up to $10 billion.
The median number of days an attacker dwells in a system before detection fell from 24 days in 2020 to 21 days in 2021, according to a Mandiant report. The biggest year-on-year decline in median dwell time occurred in the APAC region, where it dropped from 76 days in 2020 to 21 days in 2021.
Almost all ransomware-wielding attackers accept Bitcoin for ransom payments, but many prefer Monero, thanks to the privacy-preserving coin being tougher for law enforcement officials to track. But advanced intelligence efforts to try and unmask criminal users of both Bitcoin and Monero are ongoing.
Has your organization been bitten by BlackCat ransomware, aka Alphv? If so, the FBI wants to hear details about how attackers broke in, cryptocurrency wallet addresses used to receive ransoms and other information that could help law enforcement authorities better track and block future attacks.
In this episode of "Cybersecurity Unplugged," Roger Sels, vice president, solution, EMEA at BlackBerry, discusses the global threat landscape one year after SolarWinds, including cyberthreats from Russia and China; the cyber impact of the Russia-Ukraine war; and the cyber call to action.
The Food and Drug Administration's decision to incorporate "quality systems regulations" into its new draft guidance for premarket medical device cybersecurity is an important development in the scope of the agency's expectations for manufacturers, says Dr. Suzanne Schwartz of the FDA.
The 2021 Dragos ICS/OT Cybersecurity Year in Review report says the number of industrial organizations with external connections to their industrial control systems has doubled, yet 86% of organizations report limited to no visibility of ICS environments. Tom Winston outlines the top challenges.
Four editors at ISMG discuss the percentage of banks hit by ransomware - and paying the ransom, the HHS warning to healthcare entities as they continue to be targeted by the Hive ransomware group and reports that the U.K. government has been infected with NSO Group spyware.
Skyrocketing attack rates, double and triple extortion, increasing ransom demands… cybercriminals are inflicting pain in every way imaginable when it comes to today’s ransomware attacks. And you need to be prepared to protect your network, NOW.
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Despite the recent leak of internal communications and code from the Conti ransomware group, the criminal enterprise appears to have continued operations without breaking stride, in part thanks to constant innovation, security researchers report.
The latest edition of the ISMG Security Report analyzes how the U.S. government is offering a reward of up to $5 million for information to help it disrupt the illicit flow of funds to North Korea. The report also examines approaches to enhance banks' cyber defenses and U.S. regulatory trends.