President Joe Biden's nominees for White House cyber director and CISA director faced questions from senators during their confirmation hearing Thursday, including how the federal government should respond to a recent spate of ransomware attacks and other cyberthreats.
Is it any wonder that criminals keep flocking to ransomware when their individual haul from a well-executed digital heist can be worth $11 million? That's the amount paid to the REvil ransomware gang by meatpacker JBS USA, after its systems were crypto-locked on May 30.
Colonial Pipeline Co. CEO Joseph Blount returned to Capitol Hill on Wednesday to answer additional questions about his company's response to the ransomware attack that affected the firm's operations for nearly a week, as well as his decision to pay the attackers.
ExtraHop announced Tuesday it has entered into a definitive agreement to be acquired by the private equity firms Bain Capital Private Equity and Crosspoint Capital Partners for $900 million. The transaction is expected to close in the summer of 2021.
Colonial Pipeline Co. CEO Joseph Blount defended his actions during the opening hours of the May 7 DarkSide ransomware attack against his company as several lawmakers on the Senate Homeland Security and Governmental Affairs Committee grilled the executive for over two hours on Tuesday.
CISA is preparing to expand its vulnerability research and disclosure program, which is now mandatory for nearly all executive branch agencies, by creating a vulnerability disclosure platform service. As part of this effort, the cybersecurity agency is partnering with Bugcrowd and EnDyna.
Ransomware actors continue to target schools and universities across the U.K., and attacks have surged since February, a new report by the U.K's National Cyber Security Center warns. The agency has also released a free tool to help schools detect any compromise.
Ransomware attacks have evolved over the years as attackers have come out with new strategies for digital extortion, says Chris Novak, global director of the Threat Research Advisory Center at Verizon Business Group. He shares insight from the Verizon 2021 Data Breach Investigations Report.
The U.S. Justice Department reported it recouped $2.3 million of the $4.4 million ransom Colonial Pipeline Co. paid following a May 7 ransomware attack. The DOJ's Ransomware and Digital Extortion Task Force coordinated the effort, in which the FBI tracked payment to a bitcoin wallet it controls.
U.S. Justice Department prosecutors have charged a 55-year-old Latvian woman with helping to develop code for the Trickbot gang as well as stealing banking credentials and deploying ransomware, according to a federal indictment. Alla Witte faces more than 30 years in prison if convicted.
Australian spies should be allowed to take offensive action against some of the world's most prominent ransomware gangs, says Tim Watts, a member of Australia's Parliament who says the move, proposed under the Labor Party's push for a national ransomware strategy, would deter attackers.
Investigators have found that ransomware operators gained access to Colonial Pipeline via a VPN account that was no longer used and didn't have two-step verification enabled. The credentials turned up in a data breach, but security researchers say it's unclear if that's how the attackers sourced them.
If you're a Russian cybercrime gang feeling the heat after being sanctioned by the U.S. government, why not rebrand? So goes an apparent move by Evil Corp to disguise its WastedLocker ransomware as rival gang Babuk's PayloadBin, so any ransom payers won't think they're violating U.S. sanctions.
In response to a string of high-profile and damaging ransomware attacks that took place over the past several months, the Biden administration sent an open letter to U.S. business leaders asking them to take the proper steps to protect their organizations from ransomware.
Cox Media Group's TV and radio affiliates' ability to livestream content was mostly offline Thursday evening, possibly due to an unspecified cyber incident, says the security firm Recorded Future.
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