An electric cooperative serving two western Colorado counties says a cyberattack first detected Nov. 7 has disabled billing systems and wiped out 20 to 25 years' worth of historic data, leaving the utility operating under limited functionality, according to the company and local reports.
A U.S. federal court in Virginia has paved the way for Microsoft to disrupt the activities of China-based hacking group Nickel. Microsoft will target websites that the threat actor uses to gather intelligence from government agencies, think tanks and human rights organizations.
It's no surprise that as some ransomware-wielding criminals have been hitting healthcare, pipelines and other sectors that provide critical services, governments have been recasting the risk posed by ransomware not just as a business threat but as an urgent national security concern.
Nearly $200 million has reportedly been stolen from the cryptocurrency exchange BitMart, one of the top centralized crypto exchanges by volume, according to China-based blockchain analytics firm PeckShield, which tracked the heist beginning Saturday.
A new Microsoft Teams feature makes it possible for employees to communicate with people outside the organization and vice versa through Teams. Security researchers believe the new update potentially opens up avenues for threat actors to target organizations through phishing attacks.
Casey Ellis, founder and CTO of Bugcrowd, shares insights from the company's annual report, Inside the Mind of a Hacker 2021, which reveals that 8 out of 10 ethical hackers recently identified a vulnerability they had never seen before.
Good news on the breach prevention and incident response front: More businesses are getting more mature practices in place, although as attackers continue to improve their efforts, so too must defenders, says incident response expert Rocco Grillo of consultancy Alvarez & Marsal.
A suspected Russian group blamed for the SolarWinds compromise in 2020 is continuing to innovate and is infiltrating technology services and resellers, according to a new report from Mandiant. Mandiant says the group, which it calls UNC2452 and Microsoft calls Nobelium, practices "top-notch operational security."
The FBI warns that the "Cuba" ransomware-wielding attackers have extorted $43.9 million in ransom payments from victims after compromising at least 49 organizations across five critical infrastructure sectors - financial services, government, healthcare, manufacturing and IT - since early November.
The U.S. Transportation Security Administration has issued new security directives for higher-risk freight railroads, passenger rail, and rail transit that it says will strengthen cybersecurity across the transportation sector in response to growing threats to critical infrastructure.
A former employee of a New York-based technology company, likely to be IoT technology company Ubiquiti, has been arrested for stealing confidential data and extorting his employer for nearly $2 million. If convicted, the suspect faces up to 37 years in prison.
Advanced voice impersonation and deepfake technologies are giving rise to cybercrime groups that offer Vishing-as-a-Service, security researchers say. Vishing is proving to be successful in tricking victims and bypassing voice authorization mechanisms.
Many ransomware-wielding attackers continue to rely on initial access brokers to easily gain deep access to victims' systems, allowing them to steal data and attempt to pressure victims into paying via data leak sites. Researchers say that the number of victims being listed on such sites has surged.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the FBI has seized bitcoins from an alleged REvil ransomware affiliate, how to mitigate risks from BIN attacks and the latest COVID-19 trends globally.
The latest edition of the ISMG Security Report features an analysis of best practices for negotiating a ransom payment. Also featured: Busting Zero Trust myths and the dangers of mythologizing defenders.
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