Darknet markets just had their best year ever, led by Hydra, which accounted for 75% of the $1.7 billion in 2020 revenue such markets generated, Chainalysis reports. One key to Hydra's success is the Russian-language marketplace's constant innovation.
The latest edition of the ISMG Security Report features an analysis of the persistent threat of ransomware. Also featured: Sorting out breaches tied to Accellion’s File Transfer Appliance; an update on fraud trends in 2021.
Embedded software vendor Wind River Systems is investigating a security incident within its internal network, according to a notification filed with California authorities. The data that may have been exposed includes Social Security numbers and passport details.
While many details about the SolarWinds Orion hack and full victim list remain unknown, experts have ascribed the apparent espionage campaign to Russia. Now, however, Reuters reports that a separate group of Chinese hackers was also exploiting SolarWinds vulnerabilities to hack targets.
Several data breaches stemming from unpatched vulnerabilities in Accellion's File Transfer Appliance have been revealed. What went wrong? Where does the fault lie? And what can organizations do about it?
A data breach of a Washington state auditor's system exposed 1.4 million unemployment claimants’ records. The breach stemmed from an exploit of an unpatched system from Accellion, and the state says it was never notified of the flaw. But Accellion says it notified customers and offered a patch in December.
To take down bigger targets more easily and quickly, ransomware gangs are increasingly tapping initial access brokers, who sell ready access to high-value networks. Economically speaking, it's a no-brainer move for cybercrime gangs.
Ransomware attacks continue to pummel organizations, but fewer victims have been paying a ransom, and when they do, on average they're paying less than before, says ransomware incident response firm Coveware, which traces the decline to attackers failing to honor their data deletion promises.
The number of data breaches being reported in the U.S. and elsewhere each year continues to decline. But security experts say this unfortunately can be explained by criminals increasingly focusing on lucrative ransomware and business email compromise scams, which require scant data to be successful.
New Zealand’s financial regulator has issued a searing report about IT security failures at NZX, the country’s stock exchange, that contributed to a disruptive DDoS attack. The regulator says NZX had inadequate IT security and failed to prepare for DDoS attacks.
The operators of the Nefilim ransomware used the credentials of a deceased system administrator to plant their crypto-locking malware in about 100 vulnerable systems during one attack, according to Sophos. These types of "ghost" accounts are an increasing issue for security teams.
With ransomware continuing to fuel a massive surge in illicit profits, some experts have been calling on governments to launch offensive hacking teams to target cybercrime cartels. They're also calling for a review of cyber insurance payouts being used to fund ransoms.
North Korean hackers have been "targeting security researchers working on vulnerability research and development at different companies and organizations" to trick them into installing backdoored software that gives attackers remote access to their systems, warns Google's Threat Analysis Group.
The Austrian construction equipment manufacturing firm Palfinger AG reports being hit with a cyberattack that has knocked the majority of its worldwide IT infrastructure offline, eliminating its ability to use email and conduct business.
Security vendor SonicWall is investigating what the company calls a "coordinated attack" against its internal network by threat actors using a zero-day exploit within the company's remote access products. SonicWall is urging customers to apply temporary fixes to secure VPNs and gateways.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.co.uk, you agree to our use of cookies.