In financial services, there is a stark difference between defending against authorized versus unauthorized fraud incidents. James Hunt of Bottomline Technologies discusses the schemes and how to respond with a more dynamic prevention strategy.
Lazarus, the North Korean-backed advanced persistent threat group, has been conducting a campaign striking defense industry targets in more than a dozen countries using a backdoor called ThreatNeedle that moves laterally through networks and can overcome network segmentation, according to researchers at Kaspersky.
French authorities are warning the country's healthcare sector of the discovery of a glut of stolen credentials, apparently belonging to hospital workers, that were found for sale on the dark web. The alert comes amid a recent rise in ransomware attacks on hospitals and other healthcare entities.
SonicWall was recently attacked via a zero-day flaw in one of its own products. Curiously, SonicWall hasn't said much about the extent and damage of the breach since its announcement. But there are strong indications it may have been targeted by an extortion attempt.
Individuals suspected of providing hacking, logistical and financial support to the Egregor ransomware-as-a-service operation have been arrested by police in Ukraine as part of a joint operation with French cybercrime police coordinated by Europol, according to a French media report.
The ongoing lockdown may be complicating the path of Cupid's arrows. But as another Valentine's Day rolls around, authorities are warning that romance scammers - and other types of fraudsters - are alive and well and have been increasingly preying on unsuspecting victims around the world.
The latest edition of the ISMG Security Report features an analysis of the persistent threat of ransomware. Also featured: Sorting out breaches tied to Accellion’s File Transfer Appliance; an update on fraud trends in 2021.
To take down bigger targets more easily and quickly, ransomware gangs are increasingly tapping initial access brokers, who sell ready access to high-value networks. Economically speaking, it's a no-brainer move for cybercrime gangs.
Ransomware attacks continue to pummel organizations, but fewer victims have been paying a ransom, and when they do, on average they're paying less than before, says ransomware incident response firm Coveware, which traces the decline to attackers failing to honor their data deletion promises.
Trickbot appears to be making a comeback with a fresh campaign that is targeting insurance companies and legal firms in North America, according to an analysis by Menlo Security. Researchers had warned the malware might surface again after a coordinated takedown of the botnet's infrastructure in 2020.
U.S. and Bulgarian authorities have seized servers and disrupted the infrastructure and darknet websites of the Netwalker ransomware gang. Police have also arrested one person and confiscated ransom money collected by the cybercriminal gang. The news comes the same week the Emotet botnet was disrupted.
With ransomware continuing to fuel a massive surge in illicit profits, some experts have been calling on governments to launch offensive hacking teams to target cybercrime cartels. They're also calling for a review of cyber insurance payouts being used to fund ransoms.
Security vendor SonicWall is investigating what the company calls a "coordinated attack" against its internal network by threat actors using a zero-day exploit within the company's remote access products. SonicWall is urging customers to apply temporary fixes to secure VPNs and gateways.
Threat actors behind a distributed denial-of-service campaign targeted the same set of victims again after the organizations refused to pay the initial ransom demand, a new report by security firm Radware finds.
Fraudsters are using Google forms to target retail, telecom, healthcare, energy and manufacturing companies in an apparent reconnaissance campaign to identify targets for a possible follow-up business email compromise attack.
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