The U.K.'s National Health Service is experiencing IT outages resulting from a cyberattack on a third-party vendor. Birmingham-based technology provider Advanced's Adastra system supplies digital services for urgent healthcare services number 111.
The hackers who stole $190 million from cross-chain bridge Nomad stand to keep up to 10% of the loot and escape civil liability and criminal prosecution. The only caveat: They must return the rest of the money. Then, the firm says, it will label them as white hats and won't pursue legal action.
In the latest weekly update, four editors at Information Security Media Group discuss key takeaways from ISMG's recent Government Summit, how hackers siphoned nearly $200 million from cryptocurrency bridge Nomad and how midsized businesses are the new frontier for ransomware.
Is a practicing cardiologist living in Venezuela also a ransomware mastermind? U.S. prosecutors claim Moises Luis Zagala Gonzalez is a cybercriminal polymath. But Zagala's wife says he is innocent and there's a reason for his predicament. "The Ransomware Files" podcast looks at the evidence.
The impending recession should accelerate cloud adoption as firms look to reduce infrastructure costs, but these moves will introduce a new set of security challenges. Arctic Wolf Chief Product Officer Dan Schiappa predicts many companies will start building security into their applications sooner.
Increased collaboration between the public and private sectors hasn't slowed the increased frequency and ease of ransomware intrusions, but efforts to change the financial incentives of ransomware are having "a pretty good effect," says Marc Rogers, vice president of cybersecurity strategy at Okta.
People are your last line of defense and first point of attack. Once a year training is not enough to defend against cyber attacks that are evolving everyday. The good news is that there is a way to educate, engage and embed cybersecurity knowledge and change behavior. Additionally, if you follow best practices you...
Solana identified a common thread in the million-dollar cyberattack on its hot wallets. The exploit might come down to wallet recovery passcodes stored in plaintext on a centralized server. There is "no evidence" that the Solana protocol or its cryptography were compromised.
As ransomware attacks continue to pummel organizations, Rapid7 Chief Scientist Raj Samani says victims must identify how the attacker broke in and if they've given themselves persistent ways to regain access. Otherwise, he says, "They'll hit you again and again."
Researchers from cybersecurity firm Mandiant say they've discovered a network of inauthentic news sites transmitting Chinese propaganda apparently all under the control of Shanghai Haixun Technology Co., a Chinese PR firm that advertises "positive energy packages."
Some experts predict cyber insurance rates will increase 40-75% in the near future, and MSPs need to take action now to protect their profits and businesses in 2022 and beyond. The panelists will explore why ransomware attacks are at the heart of these increases. This webinar features expert insights from:
Richard...
Multiple individuals returned a total of $11.4 million of the $190 million worth of cryptocurrency drained from cross-chain bridge Nomad on Wednesday, blockchain security firm PeckShield tells ISMG. Three cryptocurrency wallets currently hold $95 million of the stolen funds, it says.
Hackers are using an unknown exploit to draw down internet-connected wallets on the Solana blockchain. So far, thieves have made off with about $8 million worth of cryptocurrency, predominantly from mobile wallet users of Phantom and Slope. Solana is working to identify the root cause.
Britain's Conservative Party is holding a leadership contest, with the winner set to become the country's next prime minister. But the balloting process has been delayed after the National Cyber Security Center warned that hackers could abuse a process allowing members to change their online vote.
Attackers drained crypto assets worth nearly $200 million on Monday from cross-chain bridge Nomad, a "security-first cross-chain messaging protocol." Experts say the attack occurred after Nomad updated its smart contracts and inadvertently made it easy to spoof transactions.
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