The Biden Executive Order was a catalyst for action, with tight delivery times for action, including promotion of SBOM and Zero Trust. The cyber-physical nexus and expanding threat surface mean it’s not easy to maintain vigilance, but recognizing that is the first step.
Ukrainian private energy firm DTEK group alleges that the Russian federation has carried out a cyberattack against its facilities, crippling its infrastructure in retaliation for its owners' support of the country in its war against Russian invaders.
The Twitter and YouTube accounts of the British Army were briefly taken over on Sunday evening by unidentified hacker(s) who posted content related to cryptocurrency and NFTs. The situation has now been resolved, but the U.K. Ministry of Defense says investigation is ongoing.
The U.S. Department of Justice is touting a string of indictments against accused cryptocurrency and NFT fraudsters, including against a Vietnamese man who is allegedly behind the Baller Ape rug pull, the largest such NFT fraud to date. Rug pulls are the largest form of cryptocurrency-based crime.
Four ISMG editors discuss important issues, including how Russia's cyber and kinetic wars in Ukraine have changed the cybersecurity landscape, what recent layoffs at cybersecurity firms mean for the industry and how cybercriminals are taking a page out of the white hat hacker playbook
Emails shared with NFT marketplace OpenSea were disclosed to an unauthorized external party, the company is warning patrons. Anyone who shared an email address should be on guard for phishing attacks. The cause was a rogue employee at a third-party email delivery vendor.
Cryptocurrency experts are fingering North Korea as likely responsible for the cryptocurrency theft of $100 million from the Harmony Horizon bridge. North Korea fuels its nuclear weapons program with stolen cryptocurrency used to dodge international sanctions that prevent ready access to cash.
Ukrainian authorities arrested nine individuals for the theft of about $3.4 million from 5,000 Ukrainians via more than 400 phishing links. Cybercrime gang members allegedly obtained access to bank accounts under the guise of facilitating social safety net payments from the European Union.
For the seventh year in a row, business email compromise produced the largest losses of any type of cybercrime, according to Steve Dougherty of the U.S. Secret Service. He says organizations need to build and maintain relationships with law enforcement agencies before an attack happens.
The latest edition of the ISMG Security Report describes why firewalls and VPNs don't belong in Zero Trust design. It also discusses cybercriminals' evolving ransomware tactics and the devastating price of responding to a ransomware attack, as experienced by Travelex in 2019.
Ransomware-wielding criminals constantly refine their behavior and tactics to maximize the chance of a payday, and recently they have been implementing fresh strategies for monetizing stolen data, says Steve Rivers at threat intelligence firm Kela.
Fraudsters compromised debit card numbers and associated PINs, and possibly names and addresses, of an undisclosed number of Bank of the West customers. Unknown thieves installed skimmers in a "small number of ATMs," the bank's COO, Karl Werwath, tells ISMG.
"I'm concerned that at some point the Russians are going to launch cyber retaliatory attacks against the United States at election infrastructure and the transportation, financial and energy sectors," says Elvis Chan, supervisory special agent at the San Francisco Division of the FBI.
Threat actors are using deepfakes to apply for remote employment at U.S. tech companies in a bid to gain access to corporate financial and customer data, internal databases and proprietary information. Fraudsters used stolen PII to make deepfake videos for personal interviews, says the FBI.
Ukraine says it has thwarted multiple Russian misinformation campaigns, including blocking attempts to penetrate the electronic systems of its TV channels on the eve of its Constitution Day holiday. It also flagged social media accounts spreading fake videos.
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