A cryptocurrency service that North Korean hackers used to launder stolen funds and that was sanctioned by the U.S. Department of the Treasury appears to have resumed as "Sinbad." It has laundered almost $100 million in bitcoin from hacks by Lazarus Group, says blockchain analysis firm Elliptic.
First-party fraud is all about intent and banks have to determine whether the person carrying out the transaction is doing it intentionally. That's hard to do for a basic binary decision model, says Steve Lenderman, senior vice president/director of global loss prevention and fraud, BM Technologies.
Ahead of RSA Conference 2023, Greg Day, a program committee member focusing on "hackers and threats," previews top themes at this year's event. Day, a member of the RSA Conference program committee, says one common theme is "old vulnerabilities and threat techniques being used in new environments."
The South Korean government sanctioned four North Korean individuals and seven organizations for their involvement in illegal cyber activities to finance the totalitarian regime's nuclear and missile development programs. Stolen cryptocurrency is a principle source of hard currency for North Korea.
The BlackCat ransomware-as-a-service group dumped more than 6 gigabytes worth of information stolen from Ireland's Munster Technological University staff. The Sunday dump appears to include sensitive data including staff medical diagnoses and student bank account information.
A previously unknown, self-proclaimed politically-motivated hacking group disrupted Israel's Technion University following a Sunday ransomware attack. Attackers, going under the name "DarkBit," took credit for the attack in a Telegram post accusing Technion of serving "an apartheid regime."
This discussion on risk management emphasizes the challenges of implementing effective risk management practices in the real world, using the pandemic as a global example of risk management.
Attackers have been actively exploiting a zero-day vulnerability in widely used managed file transfer software GoAnywhere MFT to take full control of systems, and in some cases to deploy ransomware. Vendor Fortra has released a patch and urged users to review systems for unusual behavior.
The Play ransomware group listed networking hardware manufacturer A10 Networks on its leak site after briefly gaining access to the company's IT infrastructure, according to data breach notifications firm BetterCyber. The Play group says it has confidential data, technical documentation and more.
Regal Medical Group, one of the largest medical groups in Southern California, has reported that a December ransomware incident involving data exfiltration has potentially compromised the protected health information of more than 3.3 million individuals.
In the latest weekly update, ISMG editors discuss important cybersecurity and privacy issues, including cybersecurity innovation in today's market, how French police nabbed notorious Finnish hacker Zeekill and whether we are in a new form of cold war - specifically, an ongoing cyberwar.
Banking Trojans, ransomware, fake finance apps programmed to steal data - the cybercriminal cartels have become more punitive in 2023, escalating destructive attacks on financial institutions. This is just one key finding of the annual Cyber Bank Heists report by Contrast Security's Tom Kellermann.
Adopting hybrid or public clouds remains IT’s go-to means of achieving scale. While this transformation has improved price performance and advanced tech-driven business capabilities, including faster and deeper data insights, it hasn’t always engendered greater customer trust.
Revenue at dark web illicit marketplaces plummeted in 2022 following seizure by U.S. and German police last spring of what was then the world's largest online bazaar for illegal goods and services. Three markets have jockeyed for dominance following Hydra's collapse: OMG!OMG!, Blacksprut and Mega.
Multiple government agencies in the U.S. and South Korea issued a joint alert warning critical infrastructure sectors - and especially the healthcare sector - of ongoing ransomware threats involving North Korean state-sponsored cybercriminals.
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