Blockchain & Cryptocurrency , Critical Infrastructure Security , Cybercrime

Cybercrime Chatter: US Critical Infrastructure Off-Limits?

Analyst1's Jon DiMaggio Also Says Criminals Find No Safe Haven in Cryptocurrency
Jon DiMaggio, chief security strategist, Analyst1

As the Russia-Ukraine war continues, many cybersecurity experts warn that Moscow may yet retaliate against sanctions and other Western moves by launching major cyberattacks against the West.

See Also: Ransomware Response Essential: Fixing Initial Access Vector

Of course, whether or not such attacks do occur, potentially using Russian cybercriminals as a proxy force isn't a foregone conclusion. Indeed, Jon DiMaggio, chief security strategist at Analyst1, says he's been seeing signs that Russian threat actors and ransomware groups may have no incentive to move against U.S. critical infrastructure.

In a video interview with Information Security Media Group at RSA Conference 2022, DiMaggio also discusses:

  • Indicators that Russian threat actors and ransomware groups may not be incented to make any moves against U.S. critical infrastructure;
  • A growing sentiment among criminals that cryptocurrency may not be the perceived safe haven that it was once thought to be;
  • His takeaways from the Colonial Pipeline attack, one year later, and how ransomware groups will likely continue to evolve.

DiMaggio has over 15 years of experience hunting, researching and documenting advanced cyberthreats. As a specialist in enterprise ransomware attacks and nation-state intrusions, he's authored multiple investigative reports, including "Ransom Mafia: Analysis of the World's First Ransomware Cartel," "Nation-State Ransomware" and a "History of REvil." DiMaggio is also the author of "The Art of Cyberwarfare: An Investigator's Guide to Espionage, Ransomware, and Organized Cybercrime," published earlier this year.

About the Author

Mathew J. Schwartz

Mathew J. Schwartz

Executive Editor, DataBreachToday & Europe, ISMG

Schwartz is an award-winning journalist with two decades of experience in magazines, newspapers and electronic media. He has covered the information security and privacy sector throughout his career. Before joining Information Security Media Group in 2014, where he now serves as the executive editor, DataBreachToday and for European news coverage, Schwartz was the information security beat reporter for InformationWeek and a frequent contributor to DarkReading, among other publications. He lives in Scotland.

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