Many ransomware-wielding attackers are expert at preying on their victims' compulsion to clean up the mess. Witness victims' continuing willingness to pay a ransom - separate to a decryptor - in return from a promise from extortionists that they will delete stolen data. As if.
The Bahamas Securities Commission seized digital assets worth $3.5 billion from local firm FTX Digital Markets. The regulator says the funds were at risk of "imminent dissipation" due to hack attacks and will temporarily remain under its exclusive control, stored in secure digital wallets.
In the latest update, four ISMG editors discuss important issues of 2022, including: CISO Marene Allison's unique career path; Ukrainian government cybersecurity official Victor Zhora on lessons learned from countering cyberattacks; and insights from CEO Nikesh Arora of Palo Alto Networks.
Phishing and other socially-engineered schemes are going to get bolder, the attack surface is only going to get bigger, and enterprises everywhere are going to have to focus more on building cyber resilience. These are among the New Year's predictions from Zoom's new CISO, Michael Adams.
Global Cyber Alliance CEO Philip Reitinger shares updates on the alliance's Internet Integrity and Capacity & Resilience programs, which tackle key challenges of internet infrastructure, privacy and safety. Success is measured by the number of partners and "who is using the platform," he says.
In this episode of "Cybersecurity Unplugged, Stan Golubchik, founder and CEO of ContraForce, discusses the company's mission, beginnings and plans for expansion. Golubchik says ContraForce answers the "need for a stronger generalist workforce for cybersecurity."
Meta has reached a $725 million agreement to resolve a class action lawsuit filed over Facebook's user data-sharing practices, after data for 87 million Facebook profiles was transferred to political consultancy Cambridge Analytica in violation of the social network's policies.
As FTX's bankruptcy proceedings continue, customers of the cryptocurrency exchange have filed a lawsuit against its former leadership, contending that they violated "customer agreements" and that customers' missing assets should be prioritized over all claims filed by creditors.
In this episode of "Cybersecurity Unplugged," Liran Paul Hason, co-founder and CEO of Aporia, discusses the current state of machine learning and artificial intelligence in cybersecurity and the most interesting and promising applications for these technologies right now.
The theft of nearly $400 million from cryptocurrency platform FTX hours after it went belly up is now the subject of an investigation by the U.S. Department of Justice, Bloomberg reports. The criminal case is separate from the criminal fraud prosecution of co-founder Sam Bankman-Fried.
ChatGPT, an AI-based chatbot that specializes in dialogue, is raising concern among security professionals about how criminals could use cheap, accessible natural language AI to write convincing phishing emails and pull off nefarious deepfake scams. Peter Cassidy discusses the implications.
Information Security Media Group asked some of the industry's leading cybersecurity experts about the trends to watch in 2023. Responses covered a variety of emerging threats and evolving trends affecting security technologies, leadership and regulation. Here is a look at the year ahead.
North Korean attackers are using phishing websites to impersonate popular NFT platforms and DeFi marketplaces to steal digital assets worth hundreds of thousands of dollars. They set up nearly 500 decoy sites, including one of a project associated with the World Cup and NFT marketplace OpenSea.
Recorded Future has signed an agreement with Ukraine's Ministry of Digital Transformation to help protect the county's critical infrastructure against Russian physical and cyberattacks. The company can help detect novel strains of malware and command-and-control infrastructure run by the Russians.
With application GRC more critical than ever in today's dynamic, dispersed environment, what are the critical capabilities needed in a solution? Keri Bowman of Saviynt offers six recommendations, including risk reporting and out-of-the-box rule sets and compliance management.