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.
Facial recognition as a tool is not bad, but the manner in which it is used can make it look bad, says Brett Johnson, a consultant on cybersecurity, cybercrime and ID theft who was a central figure in the cybercrime world for over 20 years.
Ransomware attacks in 2021 amassed a record number of victims in critical infrastructure sectors across Australia, the U.K. and U.S., those countries' lead cybersecurity agencies warn. They share intelligence on attackers' latest tactics to better equip domestic organizations to defend themselves.
Schools in the United States have been under siege from ransomware and other kinds of cyber incidents. But the K12 Security Information Exchange, an organization launched in 2020, is helping schools improve their defenses.
Several global Computer Emergency Response Teams have issued alerts as well as fixes for Google Chrome browser and Android operating system vulnerabilities. Countries issuing the alerts include France, India and Canada.
Cybercriminals are taking advantage of the final phase of the Windows 11 upgrade announced on Jan. 26 by installing RedLine Stealer malware to those downloading a fake installer, according to the HP threat research team.
Researchers have detected a massive breach of more than 500 stores. All of the targeted sites were still using the 12-year-old Magento 1 e-commerce platform, which Adobe stopped supporting on June 30, 2020.
As a veteran cybersecurity leader, Jerich Beason of Epiq has seen historic evolution in technology and how it is applied. But in cybersecurity leadership? The "softer side" of being a CISO has lagged behind, and this is where he intends to be an agent for positive change.
The SEC voted 3-1 to advance new, mandatory cybersecurity rules for registered investment advisers, companies and funds. The proposal - open for a 30-day public comment period - would require entities to adopt and implement written cybersecurity policies and a 48-hour incident reporting mandate.
Technology giant Microsoft has released patches for 51 vulnerabilities as part of its Patch Tuesday announcement. Of the total, none of the fixes are for critical bugs, and three are rereleased patches. Separately, the company says it will block internet macros by default in its Office applications.
Equifax has agreed to a settlement for the 2017 data breach that exposed the personal information of 147 million people. The settlement with the U.S. Federal Trade Commission, the Consumer Financial Protection Bureau and 50 U.S. states and territories includes up to $425 million to help victims.
The European Central Bank, the central bank of the 19 EU countries using the euro, has reportedly warned against potential Russian cyberattacks, and EU banking institutions are reportedly conducting cyber war games to test resiliency against a potential cyber offensive, according to Reuters.
A "deliberate and malicious" cyberattack struck Vodafone Portugal, including its 4G/5G network, fixed voice, TV, SMS and voice/digital answering services. ATM networks of large banks connected to its 4G network were also disrupted. The company says its 4G network has now been partially restored.
The FBI has seized $3.6 billion in cryptocurrency that it says traces to the 2016 theft of 119,754 bitcoins from the Bitfinex virtual currency exchange. A married New York couple who styled themselves as technology entrepreneurs has been charged with laundering the stolen friends.
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