A former employee of a New York-based technology company, likely to be IoT technology company Ubiquiti, has been arrested for stealing confidential data and extorting his employer for nearly $2 million. If convicted, the suspect faces up to 37 years in prison.
The FBI has seized 39.9 bitcoins worth $2.3 million from an alleged affiliate of the notorious REvil - aka Sodinokibi - ransomware group. A forfeiture notice filed by the government accuses Russian national Aleksandr Sikerin of having amassed the cryptocurrency via victims' ransom payments.
Pfizer has sued a former employee, alleging she uploaded to her personal devices and accounts thousands of files containing confidential information and trade secrets pertaining to the company's vaccines and medications, including its COVID-19 vaccine, to potentially provide to her new employer.
Following the holiday recess, U.S. lawmakers are picking up several legislative priorities starting Monday, including progress on the annual defense spending bill, which contains amendments that would require incident reporting for critical infrastructure providers, among other measures.
Could the internet of things be made more secure? A draft law in Britain would impose stronger cybersecurity regulations for manufacturers, importers and distributors of smartphones, TVs, toys and other "connected" digital devices, backed by the threat of fines of up to $13 million for noncompliance.
The Secret Service of Ukraine has arrested five Ukrainian citizens on suspicion of being part of a cybercrime group called Phoenix, which it says has been tied to hacking hundreds of mobile devices, stealing personal data and also selling "hacking as a service" to others.
Three U.S. financial agencies have conducted a series of "policy sprints" around cryptocurrency assets and related regulatory gaps, and plan to amend existing guidance and regulations to address security and market risks, the Board of Governors for the Federal Reserve said this week.
The NSO Group is the target of a lawsuit filed by Apple, which alleges that the spyware maker abused Apple's products and services to carry out spying operations. The news follows the NSO Group's blacklisting by the U.S. government, a score downgrade by Moody's, and a reportedly failed deal with France.
Drawing on his deep background in technology, government and law, cybersecurity adviser Tony Scott delves into many pressing issues in cybersecurity today - including zero trust. In this episode of "Cybersecurity Unplugged," he says organizations should get started on the journey now.
A Canadian teenager is under arrest after allegedly stealing C$46 million ($37 million) in the latest cryptocurrency SIM swap scam. Meanwhile in the U.S., the Department of Justice is going to sell off $57 million worth of cryptocurrency seized from the BitConnect Ponzi scheme.
U.S. federal banking regulators have approved a new rule that will require banks to notify regulators no later than 36 hours after the organization determines it has suffered a qualifying "computer-security incident," the nation's top financial agencies announced this week.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including the status of the recommendations of the Cyberspace Solarium Commission today and what still needs to be enacted by the current Congress, addressing the increasing challenge of cyberattacks...
Cryptocurrency-using criminals continue to rely on services designed to launder their virtual currency to give them "clean coins" that are tougher for law enforcement to trace. Experts say such services are widely marketed on cybercrime forums, and sometimes provided directly to ransomware groups' affiliates.
The U.S. and Israel will expand their diplomatic relationship around cybersecurity, announcing a bilateral task force this week that will support cybersecurity and fintech innovation. The news follows recent action by the U.S. Department of Commerce to blacklist Israeli spyware firm NSO Group.
In an effort to streamline the adoption of zero trust cybersecurity architectures, the U.S. Department of Defense in December will launch an office dedicated to zero trust. This announcement comes as federal agencies move to modernize following the SolarWinds cyberespionage campaign.