Two signs that the tide may finally, if slowly, be turning on ransomware: The number of victims who choose to pay continues to decline, while the amount they pay - when they choose to do so - recently dropped by one-third, reports ransomware incident response firm Coveware.
Does it ever feel like you can't fight that REvil/Sodinokibi ransomware feeling anymore? Victims might be all out of love with attacks launched under the banner of the group, which is tied to more than $200 million in losses, but despite repeated disruptions, REvil keeps returning - at least in name.
Fortinet's operational technology business will surpass its SD-WAN practice due to the elevated threat environment and increased interest from manufacturing customers, CEO Ken Xie says. Fortinet's OT bookings grew 76% in the quarter ended March 30, outpacing SD-WAN bookings growth of 54%.
The U.S. Securities and Exchange Commission has allocated 20 new positions to the unit responsible for protecting investors in cryptocurrency markets from cyber-related threats. The SEC says that the Crypto Assets and Cyber Unit in the Division of Enforcement will grow to 50 dedicated positions.
Kellogg Community College, or KCC, has resumed operations in all its five campuses - Battle Creek, Albion, Coldwater, Hastings and Fort Custer Industrial Park in Michigan - starting Wednesday. The college management had suspended classes on Monday as the result of a ransomware attack.
The Ukrainian city of Kherson faced a "near total" internet blackout on Saturday that cut off connectivity from Ukrainian service providers. Services were restored on Sunday, through regional Ukrainian provider Skynet, or Khersontelecom, but routed through Russia's Miranda and Rostelecom networks.
DeFi platform Fei Protocol has offered a $10 million "no questions asked" bounty to hackers in an attempt to recover some of the funds stolen from its recently merged DAO partner Rari Capital. Blockchain security firms BlockSec and CertiK say the amount of stolen funds totals about $80 million.
The number of organizations being breached is on the rise, according to Forrester's 2021 State of Enterprise Breaches report. Allie Mellen describes the trend as "disappointing" and discusses the misaligned expectations some organizations have about breaches, as well as other report findings.
A federal jury has ordered NortonLifeLock to pay Columbia University $185.1 million after finding the company infringed on two patents. Jurors decided Monday that NortonLifeLock's use of emulators to monitor programs for malicious behavior intentionally infringes upon Columbia's patents.
Smartphones used by Spain's prime minister and defense minister were infected with Pegasus spyware built by Israel's NSO Group, government officials allege. The discovery follows human rights researchers finding Pegasus infections targeting Catalonians, likely traceable to the Spanish government.
Sercan Oyuntur, a 40-year-old California resident, has been found guilty of stealing payments of over $23 million from the U.S. Department of Defense, according to the U.S. Department of Justice. The stolen payment was meant for DOD's jet fuel suppliers.
As ransomware-wielding attackers continue to target businesses large and small, the organizations that respond best and escape most unscathed from such attacks are those that already have in place well-honed, rehearsed plans, says ransomware expert and attorney Guillermo Christensen of Ice Miller.
The Computer Emergency Response Team of Ukraine and the National Bank of Ukraine are warning of massive DDoS attacks against pro-Ukrainian targets. The intelligence service in Romania, SRI, also warns of a similar type of attack targeting sites belonging to its national authorities.
New cyber incident reporting rules are set to come into effect in the U.S. on May 1. Banks in the country will be required to notify regulators within 36 hours after an organization suffers a qualifying "computer-security incident." What does this mean for banks, and what are the likely challenges?
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