European lawmakers are once again considering encryption policies and attempting to strike a balance between the privacy and security afforded by strong encryption and law enforcement's needs. But with encryption being a cornerstone of the internet, is there any new balance to be struck?
An accused ringleader of the notorious FIN7 hacking group, which prosecutors say stole 15 million payment cards over several years, has pleaded guilty to federal charges. Andrii Kolpakov faces up to 25 years in prison.
Japanese computer game company Capcom acknowledged this week that a November security incident was a Ragnar Locker ransomware attack that resulted in about 350,000 customer and company records, including sales and shareholder data, potentially being compromised.
Over the past five years, ransomware-as-a-service offerings have largely evolved from putting automated toolkits into the hands of subscribers to recruiting affiliates and sharing profits. To maximize revenue, some larger operators are also seeking affiliates with more advanced IT and hacking skills.
Darkside is the latest ransomware operation to announce an affiliate program in which a ransomware operator maintains crypto-locking malware and a ransom payment infrastructure while crowdsourced and vetted affiliates find and infect targets. When a victim pays, the operator and affiliate share the loot.
Victims of crypto-locking malware who pay a ransom to their attackers are paying, on average, more than ever before. But investigators warn that when victims pay for a guarantee that all data stolen during an attack will get deleted, criminals often fail to honor their promises.
Only a few hours after polls closed, fraudsters started using the uncertainty over the winner of the U.S. presidential election to send out spam messages that are designed to infect devices with the Qbot banking Trojan, according to Malwarebytes.
The number of attacks related to Emotet continues to spike after the dangerous botnet re-emerged over the summer with a fresh phishing and spam campaign, according to research from HP-Bromium. During this time, Emotet is mainly infecting devices with the QBot or QakBot banking Trojan.
A recently identified hacking group dubbed UNC1945 used a never-before-seen zero-day vulnerability in the Oracle Solaris operating system to target corporate networks and plant malware, according to FireEye Mandiant. This threat actor is known to focus on telecom, financial and consulting firm targets.
Aleksandr Brovko, a Russian national, has been sentenced to eight years in federal prison for stealing personally identifiable data and online banking credentials using a botnet, according to the U.S. Justice Department. Federal prosecutors estimate the losses at $100 million.
The Maze cybercrime gang, which revolutionized the ransomware business by adding an extortion element to each attack, has issued a statement saying it has hung up its spikes and will retire, at least temporarily. Security executives do confirm Maze's activity has dropped off in recent months.
The FBI and CISA warn U.S. hospitals about a fresh wave of Ryuk ransomware attacks that have recently targeted healthcare facilities across the country. Over the past week, several hospitals have publicly reported attacks, which appear to be financially motivated.
To mitigate the risks posed by ransomware attacks, enterprises need to move from file-based security to a behavior-based approach, says Jennifer Ayers, vice president of the OverWatch division of Crowdstrike.
The latest edition of the ISMG Security Report analyzes a new report that labels ransomware as the No. 1 cybercrime threat. Also featured: A former FBI agent offers an update on "disruptionware" attacks; how Tesla's autopilot is tricked by phantom images.