U.S. President Joe Biden has ordered federal intelligence agencies to investigate the incident involving IT management software vendor Kaseya. Attackers reportedly compromised Kaseya's remote monitoring system, VSA, potentially affecting scores of managed service providers and their clients.
Since Friday afternoon, Mark Loman of Sophos has been immersed in studying the scope and impact of the ransomware attack spread through Kaseya VSA's remote management platform. And he's learned enough about it to say without reservation: This the largest ransomware attack he's seen.
REvil, aka Sodinokibi, is one of today's most notorious - and profitable - ransomware operations, driven by highly skilled affiliates who share profits with the operators. And the operators are constantly improving the malware, including porting it to Linux to target network-attached storage and hypervisors.
At least seven companies with annual revenue of over $1 billion have been hit so far this year by Hades ransomware, according to an Accenture Security report.
This edition of the ISMG Security Report features a discussion about why the head of Britain's National Cyber Security Center says the No. 1 cyber risk is not nation-state attackers but ransomware-wielding criminals. Also featured: Western Digital IoT flaws; an FBI agent tracks cybersecurity trends.
In a multinational effort led by the Dutch National Police, authorities seized servers and web domains used by DoubleVPN, a Russia-based company that allegedly provided a safe operating infrastructure for cybercriminals, according to Europol.
The code used to build copies of Babuk ransomware - to infect victims with the crypto-locking malware - has been leaked, after someone posted the software to virus-scanning service VirusTotal. Whether the leak was intentional - perhaps a rival gang seeking to burn the operation - remains unclear.
What is the life cycle of a ransomware attack, and how can organizations better detect and block them? Peter Mackenzie of Sophos, says that while many victims assume attackers first struck when systems got crypto-locked, the intruders had actually been in the network for "days or weeks."
Cryptocurrency exchange Binance says it recently assisted police in tracking down individuals accused of laundering money for the Clop ransomware group. The exchange acknowledges that illicit money from cyberattacks circulating on virtual currency exchanges is a big security problem.
This edition of the ISMG Security Report features an analysis of CISA's finding that agencies could have prevented follow-on attacks after the SolarWinds supply chain attack by properly configuring firewalls. Also featured: Congressman discusses deterring nation-state attacks; insider threat mitigation tips.
Two cybercrime ecosystem cornerstones today are high-end bulletproof hosting services and ransomware, says Mark Arena, CEO of Intel 471. He notes that ransomware-as-a-service operations don't function like gangs or the Mafia, but rather as individuals collaborating "based on a culture of mistrust."
The recovery costs for the May ransomware attack on Health Service Executive, Ireland's publicly funded healthcare system, is likely to total $600 million, says Paul Reid, HSE's director general.
A newly identified threat group is using a repurposed version of REvil ransomware to wage attacks, according to security company Secureworks’ Counter Threat Unit.
Colonial Pipeline Co. now faces at least two lawsuits seeking class action status in the aftermath of a ransomware attack in May that led the firm to shut down the operations of a 5,500-mile pipeline for nearly a week.
A bill introduced this week in the Australian Parliament would make it mandatory for organizations based in the country to report to the Australian Cyber Security Center any payments they plan to make to ransomware gangs.
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