The calculus facing cybercrime practitioners is simple: Can they stay out of jail long enough to enjoy their ill-gotten gains? A push by the U.S. government and allies aims to blunt the ongoing ransomware scourge. But will practitioners quit the cybercrime life?
Congress has passed the $1.2 trillion physical infrastructure bill, which will inject $1.9 billion in new cybersecurity funding for the federal government. The bill, long held up in Congress, passed the House on Friday and moves to the desk of President Joe Biden, who plans to sign the measure into law.
The U.S. Department of Justice says one Ukrainian man has been arrested and a Russian man indicted for launching devastating REvil ransomware attacks against software company Kaseya and the state of Texas. Separately, Europol announced the arrest of a further five REvil affiliates since February.
As ransomware attacks continue to dominate headlines, Quentyn Taylor, a Canon director of information security, cautions organizations not to forget about "some of the other threats, like business email compromise," which continue to cripple organizations through financial and reputational damage.
Threat actors have breached critical systems internationally by exploiting a recently patched vulnerability in Zoho’s ManageEngine product ADSelfService Plus, with a suspected Chinese threat group leveraging leased infrastructure to scan hundreds of vulnerable organizations.
Following the arrest of suspected Clop ransomware operation members in Ukraine, Red Notices issued by Interpol seek the arrest of six more members of the Russian-speaking crime group, as part of what law enforcement agencies have dubbed Operation Cyclone.
The U.S. deputy attorney general said this week that the nation is ramping up efforts to cripple ransomware operations and other cybercrime through arrests and seizures of ransom payments. The Biden administration has called ransomware a threat to national security and an economic threat.
ISMG editors discuss: U.S. Sen. Angus King on the need for the federal government to form a clear, declarative cyber deterrence strategy, how CISA is ramping up efforts to support critical infrastructure defenses and the potential implications of the U.S. blacklisting of Israeli spyware firms.
The latest edition of the ISMG Security Report features insight from U.S. Sen. Angus King on why the federal government needs to declare a clear response to cybercriminals in order to deter them. Also featured: Ransomware affiliates gain power and promoting diversity of thought in cybersecurity.
Wireless device makers in the European Union market will soon have to adhere to a new set of cybersecurity guidelines at the design and production stages of manufacturing, according to the European Commission. The guidelines target devices such as mobile phones, tablets and other products.
CISA Director Jen Easterly and congressional leader John Katko, R-N.Y., agree that officials must take precautionary steps to identify "systemically important critical infrastructure" to reduce risks of pervasive supply chain cyberattacks.
The Conti cybercrime gang, known for ransomware attacks, has reportedly leaked details of world leaders, actors and business tycoons after a strike at jeweler Graff. The organization is working with law enforcement and has informed the U.K.'s Information Commissioner’s Office about the incident.
How is the ransomware ecosystem set to evolve? Since some operations overreached - notably with DarkSide's hit on Colonial Pipeline - "what we're seeing … is that there is going to be a power balance shift," says McAfee's John Fokker, with more affiliates, not gang leaders, calling the shots.
The cyber actors suspected of being behind the deployment of ransomware strains such as LockerGoga, MegaCortex and Dharma, among others, are under arrest, after a joint operation involving law enforcement and judiciary agencies from eight countries. The actors are believed to have affected more than 1,800 victims.
National Cyber Director Chris Inglis on Thursday announced that Federal CISO Chris DeRusha will concurrently serve as his deputy at the newly created office. Inglis, a Senate-confirmed top adviser to the president, also released a "statement of strategic intent" outlining his own official duties.
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