Garmin, a fitness tracker and navigation device firm, apparently paid a ransom to recover from a July 23 security incident that encrypted several of its systems, according to two news reports as well as expert analysis. The company says it's still experiencing 'temporary limitations" on services.
WastedLocker, a ransomware strain that reportedly shut down Garmin's operations for several days in July, is designed to avoid security tools within infected devices, according to a technical analysis from Sophos.
The pace of online crime hasn't been flagging, as "more capable threat actors" - criminals and nation-states alike - have been bringing more advanced tools and tactics to bear on victims, says Raj Samani, chief scientist at McAfee.
Incidents of fraud at pharmaceutical giant Novartis that resulted in over $1 billion in fines worldwide might have been avoided if the company's compliance team used data analytics to detect patterns, says Thomas Fox, a compliance evangelist and author.
The hackers who hijacked 130 high-profile Twitter accounts as part of a cryptocurrency scam earlier this month used a telephone-based spear-phishing attack to obtain employee credentials, the social media company says.
The Lazarus Group, the North Korean hacking group behind the WannaCry worm, the theft of $81 million from a Bangladesh bank and the attacks on Sony Pictures, apparently is expanding into ransomware, according to the security firm Kaspersky.
The speed at which IoT is enabling innovation is far outpacing the ability of the security custodians to implement appropriate controls before these devices hit the market. That creates a classic target-rich environment for the bad guys - one that will require vigorous defense and oversight.
Security experts say that ransomware victims too often treat the malware infection as an isolated event, when they should instead assume that attackers remain in their network until proven otherwise. Here are eight tips for dealing with ransomware and other intrusions and making a full recovery.
Mobile banking startup Dave is just the latest victim of criminal data brokers. Extensive evidence now points to Dave having been hit by a ShinyHunters, which has been tied to the sale of millions of stolen records to fraudsters - either via a phishing attack or hack of a third-party service provider.
CISA is warning that threat actors are actively exploiting a remote code execution vulnerability in F5's BIG-IP network products that can lead to data exfiltration and other security issues. Earlier, researchers and F5 had urged users to patch the flaw.
Garmin has acknowledged that a hack attack that encrypted several of its systems led to outages that affected several of the company's fitness and aviation products along with knocking its homepage and customer service centers offline. As of Monday, several affected services were again operating.
Money launderers are devising new tactics during the COVID-19 pandemic. For example, some are coming up with ways to use personal protective equipment, or PPE, as a form of currency, says Debra Geister, CEO of Section 2 Financial Intelligence Solutions.