In an update on the Apache Log4j vulnerability, Microsoft says exploitation attempts and testing for vulnerable systems and devices remained "high" through late December. This comes after security leaders have identified sophisticated and even state-backed attacks targeting vulnerable devices.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the ransomware-as-a-service model shifted in 2021, the rise of fraud in faster payments and how to prevent it, and one CISO's take on the state of the industry.
The latest edition of the ISMG Security Report features highlights from interviews in 2021 and examines President Joe Biden's executive order on cybersecurity, ransomware response advice and assessing hidden business risks.
Ransomware-wielding attackers continue to hit businesses, demand a ransom payment and oftentimes dump stolen data if a victim chooses not to pay. But some attackers also appear to be keeping a closer eye on victims - at least after they have been infected - in case they bring unwanted attention.
ISMG's global editorial team reflects on the top cybersecurity news and analysis from 2021 and looks ahead to the trends already shaping 2022. From ransomware to Log4j, here is a compilation of major news events, impacts and discussions with leading cybersecurity experts on what to expect in the new year.
A ransomware operation called Vice Society has claimed credit for attacks that hit two groups of independently owned and operated Spar-branded stores in England and the Isle of Man earlier this month. Threat intelligence firm Kela says thousands of stolen documents have been dumped online.
A ransomware attack disrupted the operations of Norway-based media company Amedia, which publishes more than 70 newspapers for 2 million readers. The Tuesday attack on the company's computer systems forced it to shut the presses, says Amedia's executive vice president of technology, Pål Nedregotten.
ONUS, one of Vietnam's largest cryptocurrency platforms, has reportedly fallen victim to a ransomware attack that has been traced to Apache's remote code execution vulnerability, Log4j, via third-party payment software. CrowdStrike has also detected Chinese APT activity around the logging flaw.
In the U.S., three states now have disparate data privacy laws - and more are coming. Meanwhile, China has enacted a new law that has global enterprises scrambling. How will these and other actions shape privacy discussions in 2022? Noted attorney Lisa Sotto shares insights.
U.S. President Joe Biden on Monday signed into law the National Defense Authorization Act for fiscal year 2022, which contains $768 billion in defense spending - 5% more than 2021 - and several cybersecurity provisions, including expansion of the Cybersecurity and Infrastructure Security Agency.
SentinelLabs researchers say the new ransomware group Rook used the Babuk APT group's leaked source code to attack financial institutions in Kazakhstan. They warn that Rook is the first of many new ransomware groups that could deploy targeted attacks with Babuk's code.
As ransomware attacks continue to pose a significant threat to enterprises and individuals, "We will keep banging the message that basic cyber hygiene makes a big difference to lots of people," says Andy Bates of the Global Cyber Alliance. He also discusses the alliance's top priorities for 2022.
Internet-based photo-sharing and publishing company Shutterfly says a ransomware attack has disrupted some its operations. The company is currently assessing the full scope of damage, but says no financial account information or Social Security numbers have been leaked.
French IT services firm Inetum Group has confirmed that it was the subject of a ransomware attack last week that disrupted certain operations. The group has ruled out, however, that the incident has any links to the Log4j vulnerability.
Lisa Sotto, partner and chair of the global privacy and cybersecurity practice at Hunton Andrews Kurth LLP, joins three ISMG editors to discuss important cybersecurity and privacy issues, including how U.S. enterprises are harmonizing three disparate privacy laws, and ransomware preparedness.
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