Amid what is now a prolonged struggle in Ukraine, cybersecurity officials in the U.S. and European Union have expressed some surprise over Russia's lack of pervasive cyber strikes to date. But they warn that these actions could follow as its economy reels from sanctions.
Grant Schneider of Venable and three ISMG editors discuss preparedness, response and resilience in light of the Ukraine-Russia crisis; the White House and allies’ efforts to counter ransomware; and future guidance to expect from the Biden administration's cybersecurity executive order.
NBC News reports that President Joe Biden has been given a menu of options for conducting offensive cyber strikes again Russia. But the White House's press secretary says the report is "off base and does not reflect what is actually being discussed in any shape or form."
The ISMG Security Report analyzes the latest updates on the Ukraine-Russia crisis and offers cyber resiliency tips for organizations. It also describes how the Conti ransomware group has hired TrickBot malware developers and revisits one of the largest ransomware attacks ever in the U.S.
In the latest "Proof of Concept," Grant Schneider, senior director of cybersecurity services at the law firm Venable, and Ari Redbord, head of legal and government affairs at TRM Labs, join editors at Information Security Media Group to discuss trending cybersecurity issues.
The use of digital currency as legal tender continues to be prohibited in Russia, according to the Russian Ministry of Finance's draft of digital currency law, even as Russia imposes heavy regulations on crypto exchanges. Also, the Bank of Russia is testing the platform for the country's CBDC.
The Conti ransomware group has a new trick up its sleeve: hiring "multiple elite developers and managers" to essentially acquire the venerable TrickBot malware operation, which it has been using for the past year to better distribute its ransomware, says threat intelligence firm Advanced Intelligence.
In a preliminary report, the European Data Protection Supervisor has urged EU officials to ban the use and deployment of military-grade surveillance products, citing recent findings around the NSO Group's flagship spyware tool, Pegasus.
The SEC announced that BlockFi, a crypto lending platform based in Jersey City, N.J., has been charged with failing to register its lending product and violating registration provisions. To settle, it will pay $50 million, stop unregistered offers and sales, and comply within 60 days.
On this week's "Sound Off," we ask John Kindervag, the founder of Zero Trust, for his reaction to the recently released Office of Management and Budget federal strategy to move the U.S. government toward a mature Zero Trust architecture.
Russian authorities have continued to arrest alleged administrators of multiple Russian-language cybercrime markets and communities, including Ferum Shop, Sky-Fraud and Trump's Dumps. It follows last month's arrest of suspected REvil/Sodinokibi ransomware affiliates based in the country.
In a declassified letter to CIA Director William Burns and DNI Avril Haines from 2021, two U.S. senators urged transparency around alleged "bulk surveillance" conducted by the CIA in response to now-declassified documents compiled by the Privacy and Civil Liberties Oversight Board.
Spain's National Police Department says it has arrested eight members of an undisclosed cybercriminal gang over SIM swapping fraud. The suspects posed as trustworthy representatives of banks and other organizations and used phishing and smishing techniques to obtain PII and bank details of victims.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the BlackMatter ransomware group has rebranded itself yet again, how the DOJ confiscated stolen Bitcoin worth more than $4 billion and takeaways from a U.S. Senate hearing on open-source...
Nellie Liang, under secretary for domestic finance at the U.S. Department of the Treasury, was the only witness at a virtual hearing on the President's Working Group report on stablecoins - virtual currencies pegged to fiat currency. Lawmakers weighed in on the benefits and dangers of stablecoins.