ISMG editors discuss: U.S. Sen. Angus King on the need for the federal government to form a clear, declarative cyber deterrence strategy, how CISA is ramping up efforts to support critical infrastructure defenses and the potential implications of the U.S. blacklisting of Israeli spyware firms.
The U.S. State Department is offering rewards of up to $10 million for information that leads to the identification or location of members of the DarkSide ransomware gang and others who attack critical infrastructure. It follows the U.S. taking offensive cyber action against REvil, The Washington Post reports.
The latest edition of the ISMG Security Report features insight from U.S. Sen. Angus King on why the federal government needs to declare a clear response to cybercriminals in order to deter them. Also featured: Ransomware affiliates gain power and promoting diversity of thought in cybersecurity.
The U.S. Department of Commerce has added four foreign companies to its Entity List for allegedly engaging in activities "contrary to the national security or foreign policy interests of the U.S." Two Israeli companies - NSO Group and Candiru - were cited for allegedly supplying spyware to foreign governments to...
The U.S. Cybersecurity and Infrastructure Security Agency on Wednesday issued a new directive - BOD 22-01 - requiring federal civilian agencies to patch vulnerabilities known to be actively exploited in the wild.
Facebook plans to shut down its facial recognition system, saying the regulatory landscape is unclear and citing ongoing concerns about the effects on society of using such systems. The company plans to delete more than 1 billion facial profiles.
The Federal Bureau of Investigation has issued a notification warning to private sector companies, especially those listed or in the process of being listed on stock exchanges, to be aware of ransomware actors using their undisclosed merger and acquisition data for extortion.
Ransomware-as-a-service provider BlackMatter has ceased operations due to pressure from local authorities, malware research organization vx-underground says, citing an announcement made by the gang on a Russian underground site.
A new report from the U.S. Treasury Department urges Congress to "act promptly" to issue legislation that brings additional oversight to stablecoins, or crypto tokens pegged to fiat currencies. Federal officials say regulation should match that of traditional financial institutions - as a way to mitigate investor,...
While ransomware remains many criminals' weapon of choice for reliably shaking down victims, the ransomware-attacker landscape itself continues to evolve in numerous ways, with a constant influx of fresh players, regular rebranding, as well as the challenge of cashing in cryptocurrency while staying anonymous.
Multiple cybercriminal groups appear to be targeting relatively new entrants in the space with phishing attacks. In what cybersecurity analysts at Group-IB call a "cannibalistic approach," these gangs are impersonating underground card shops to dupe the newbies for monetary gain.
CISA Director Jen Easterly and congressional leader John Katko, R-N.Y., agree that officials must take precautionary steps to identify "systemically important critical infrastructure" to reduce risks of pervasive supply chain cyberattacks.
The Conti cybercrime gang, known for ransomware attacks, has reportedly leaked details of world leaders, actors and business tycoons after a strike at jeweler Graff. The organization is working with law enforcement and has informed the U.K.'s Information Commissioner’s Office about the incident.
How is the ransomware ecosystem set to evolve? Since some operations overreached - notably with DarkSide's hit on Colonial Pipeline - "what we're seeing … is that there is going to be a power balance shift," says McAfee's John Fokker, with more affiliates, not gang leaders, calling the shots.
Roya Gordon of Accenture Security describes how rather than hunting for zero-day vulnerabilities, attackers are exploiting N-Day - or known - vulnerabilities. She also discusses how to better synthesize and act on threat intelligence.
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