In case anyone doubts that Russia is the epicenter of ransomware operations, follow the money, as Chainalysis finds that "roughly 74% of ransomware revenue in 2021 - over $400 million worth of cryptocurrency - went to strains we can say are highly likely to be affiliated with Russia in some way."
The arrest of a married New Yorker couple, charged with laundering bitcoins worth $3.6 billion that were stolen from a currency exchange in 2016, highlights the risk facing anyone who wants to launder large amounts of cryptocurrency and stay free long enough to enjoy their alleged rap career.
The CISO for a Dallas-based school district quit his job over the district's handling of a severe data breach that occurred in August 2021. A TV broadcaster has revealed that two students in the district were responsible even though the district claimed the intruder was a "third party."
The ransomware operation known as Alphv - aka BlackCat - appears to be a reboot of the DarkSide group, which rebranded as BlackMatter following serious encryption and victim-selection mistakes. Amid reports that Alphv has disrupted 17 oil terminals in Western Europe, how long until the next rebrand?
The increasingly connected home is a vulnerable part of the extended enterprise, especially as the line blurs between personal life and work, says Forrester principal analyst Heidi Shey. She encourages organizations to adopt a two-pronged approach to protecting the "work from home" workforce.
Most organizations deploy defenses to reduce the risk of cyber threats entering their environment. But what about the threats that are already inside? Whether the result of malicious, negligent or compromised users, insider threats pose serious business risks, and most organizations just aren’t prepared.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the ransomware-as-a-service model shifted in 2021, the rise of fraud in faster payments and how to prevent it, and one CISO's take on the state of the industry.
The Department of Justice says it's thwarted a Sony Group insider who allegedly embezzled $154 million, converted the proceeds to bitcoin, and demanded a ransom payment to return the money. Authorities say the former Sony employee has been criminally charged in Japan.
Michael Lines is working with Information Security Media Group to promote awareness of the need for cyber risk management, and as a part of that initiative, the CyberEdBoard will post draft chapters from his upcoming book, "Heuristic Risk Management: Be Aware, Get Prepared, Defend Yourself." This post's chapter is...