Bitcoin has enabled fast payments to cybercriminals pushing ransomware. How to deal with bitcoin is the subject of a spirited debate, with some arguing to restrict it. But bitcoin doesn't always favor cybercriminals, and it may actually be more of an ally than a foe by revealing webs of criminality.
U.S. President Joe Biden issued a clear warning to Russian President Vladimir Putin at their Geneva summit Wednesday, saying that should Russia continue to launch cyberattacks against U.S. critical infrastructure sectors, or hack software supply chains, then Moscow should expect to see retaliation.
Just before Wednesday's U.S.-Russia summit, at which cybercrime was high on the agenda, authorities in Ukraine announced they had busted six suspected members of the Clop ransomware operation. Security experts say these apparently were midlevel players, with Clop's main operators likely based in Russia.
The Microsoft 365 Defender research team says it has “disrupted a large-scale business email compromise infrastructure hosted in multiple web services.” It describes in a blog post how the BEC fraud scheme worked.
SolarMarker malware operators are using "SEO poisoning" techniques to deploy the remote access Trojan to steal sensitive information, Microsoft reports.
Jim Bray of Identité, an authentication solutions firm, and Steve Ledford of The Clearing House, a payments platform that all federally insured U.S. depository institutions are eligible to use for payments, discuss the role that biometrics can play in preventing P2P payment fraud while maintaining consumer...
With the RSA Conference virtual this year, ISMG replaced its two live on-site studios with a suite of home studios and produced a diverse group of interviews on timely topics with thought leaders who will be solving cybersecurity's most urgent problems.
The U.S. and its NATO allies endorsed a new cybersecurity defense policy during President Biden's visit this week with member states in Brussels. The policy agreement comes as Biden prepares to meet Russian President Vladimir Putin on Wednesday to discuss cybersecurity and other issues.
Based on Russian-language cybercrime chatter, "fear" likely drove the lucrative Avaddon ransomware-as-a-service operation to announce its retirement as the U.S. exerts increasing diplomatic pressure on Moscow to disrupt such activity, experts say. But are criminals simply laying low until the heat dies down?
Society has become increasingly isolated and disintegrated, leaving us vulnerable to exploitation by our adversaries. Enemies can easily take advantage of this lack of cohesion to sow seeds of misinformation and disinformation. Elisabeth Braw elaborates on the threat of narcissism.
Japanese conglomerate Fujifilm, which earlier this month was the victim of a ransomware attack, reportedly refused to pay a ransom and restored operations using backups.
The prolific Avaddon ransomware-as-a-service operation has announced its closure and released 2,934 decryption keys for free. Has the increased focus by Western governments on combating ransomware been driving this and other operations to exit the fray?
The U.K. says it plans to turn the country into a global leader in cybersecurity, in partnership with the U.S, to counter threats ranging from ransomware to critical infrastructure attacks, according to a report by U.K. newspaper the Telegraph.
Fast-food giant McDonald's is acknowledging a data breach that affected some customer and company data from its locations in Korea and Taiwan. Phone numbers, delivery and email addresses were exposed. Payment data, however, has not been compromised.
The House Oversight and Reform Committee is now probing the $11 million payment that meat-producer JBS paid to a cybercriminal gang following a ransomware attack in May. Committee Chairwoman Carolyn Maloney also asked for documents related to ransom payments made by Colonial Pipeline and CNA.
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