In case anyone doubts that Russia is the epicenter of ransomware operations, follow the money, as Chainalysis finds that "roughly 74% of ransomware revenue in 2021 - over $400 million worth of cryptocurrency - went to strains we can say are highly likely to be affiliated with Russia in some way."
The arrest of a married New Yorker couple, charged with laundering bitcoins worth $3.6 billion that were stolen from a currency exchange in 2016, highlights the risk facing anyone who wants to launder large amounts of cryptocurrency and stay free long enough to enjoy their alleged rap career.
The CISO for a Dallas-based school district quit his job over the district's handling of a severe data breach that occurred in August 2021. A TV broadcaster has revealed that two students in the district were responsible even though the district claimed the intruder was a "third party."
The ransomware operation known as Alphv - aka BlackCat - appears to be a reboot of the DarkSide group, which rebranded as BlackMatter following serious encryption and victim-selection mistakes. Amid reports that Alphv has disrupted 17 oil terminals in Western Europe, how long until the next rebrand?
Pharmaceutical giant Pfizer alleges in a federal lawsuit that two former executives stole documents containing trade secrets about diabetes, obesity and cancer treatments under development by the drugmaker to benefit two new biotech startups they had launched.
Of the $5.6 billion obtained by the Department of Justice in civil settlements and judgements involving false claims and fraud against the U.S. government in 2021, more than $5 billion - or nearly 90% - involved healthcare sector entities. Why? Healthcare fraud, including false claims.
No matter the root cause, the result is the same: reputation damage, fines, compliance issues, and of course the ripple effects that extend outward from a breach.
The increasingly connected home is a vulnerable part of the extended enterprise, especially as the line blurs between personal life and work, says Forrester principal analyst Heidi Shey. She encourages organizations to adopt a two-pronged approach to protecting the "work from home" workforce.
Most organizations deploy defenses to reduce the risk of cyber threats entering their environment. But what about the threats that are already inside? Whether the result of malicious, negligent or compromised users, insider threats pose serious business risks, and most organizations just aren’t prepared.
A Florida public hospital system has kicked off the New Year of breaches by reporting to regulators a hacking incident detected in October that involved data exfiltration affecting the personal information of more than 1.3 million patients and employees.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the ransomware-as-a-service model shifted in 2021, the rise of fraud in faster payments and how to prevent it, and one CISO's take on the state of the industry.
The Department of Justice says it's thwarted a Sony Group insider who allegedly embezzled $154 million, converted the proceeds to bitcoin, and demanded a ransom payment to return the money. Authorities say the former Sony employee has been criminally charged in Japan.
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