A new report from the U.S. Treasury Department urges Congress to "act promptly" to issue legislation that brings additional oversight to stablecoins, or crypto tokens pegged to fiat currencies. Federal officials say regulation should match that of traditional financial institutions - as a way to mitigate investor,...
While ransomware remains many criminals' weapon of choice for reliably shaking down victims, the ransomware-attacker landscape itself continues to evolve in numerous ways, with a constant influx of fresh players, regular rebranding, as well as the challenge of cashing in cryptocurrency while staying anonymous.
Multiple cybercriminal groups appear to be targeting relatively new entrants in the space with phishing attacks. In what cybersecurity analysts at Group-IB call a "cannibalistic approach," these gangs are impersonating underground card shops to dupe the newbies for monetary gain.
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.
Roya Gordon of Accenture Security describes how rather than hunting for zero-day vulnerabilities, attackers are exploiting N-Day - or known - vulnerabilities. She also discusses how to better synthesize and act on threat intelligence.
While doing digital transformation, CISOs tend to look more at technology and try to adapt it without making the distinction between technologies that are must-have and good to have. Krishnamurthy Rajesh of ICRA says CISOs must analyze risks, update security, and change the mindset of employees.
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.
While overregulating the cryptocurrency space is not advisable, it is important for the Biden administration to look into the areas in which cryptocurrencies pose the greatest risks, says Nichole Dennis, director and government relations specialist with Cybercrime Support Network.
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.
In ransomware attacks, cybercriminals attack through the backups because they know that security practitioners rely on backups to save themselves after a ransomware attack. Therefore, it is essential to have multiple backups, says Tom Kellermann, head of cybersecurity strategy at VMware.
As the global pandemic enters its second year, IT and infosec teams continue to face challenges on all sides. On top of “ordinary” cybersecurity issues, they’re dealing with an explosion of pandemic-themed phishing scams and a surge in ransomware attacks. How well prepared are users?
Four ISMG editors discuss important cybersecurity issues, including law enforcement authorities' disruption of ransomware gang REvil's operations, how to collaborate as an industry to fight the surge in ransomware attacks hitting businesses, and increasing diversity and inclusion in the workplace.
The latest ISMG Security Report features the fallibility of ransomware gangs and why victims should always seek help from a reputable response firm, law enforcement or other qualified expert. Also featured: Data protection advice and why the remote work model might make securing data easier.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.