In the latest weekly update, four ISMG editors discuss highlights from Verizon's 16th annual Data Breach Investigations Report, what's on the mind of CISOs in Malaysia and the Philippines, and how the U.S. SEC sued crypto trading platforms Binance and Coinbase over securities violations.
Ransomware hackers are stretching the concept of code reuse to the limit as they confront the specter of diminishing returns for extortionate malware. In their haste to make money, some new players are picking over the discarded remnants of previous ransomware groups.
Hackers stole personal information of up to 100,000 employees of Nova Scotia Health by exploiting the zero-day in Progress Software's MOVEit managed file transfer application. The software is widely used in the healthcare sector, warned the U.S. federal government.
This week: A U.S. federal court issued a summons to Binance CEO Changpeng Zhao, Lazarus may be behind the $35 million Atomic Wallet heist, and Manhattan prosecutors seized a scam crypto recovery website. Also, the Blockchain Association weighs in on Tornado Cash, and crypto security attacks decline.
This week: Barracuda Networks recalls hacked email security appliances, the latest on MOVEit, and a Gigabyte motherboard firmware security vulnerability is exposed. Also, researchers detail a patched flaw in the Microsoft Visual Studio extension installer, and ransomware hits across the globe.
The Supreme Court on Thursday narrowed federal prosecutors' ability to bring identity theft charges in an opinion holding that misuse of another person's identification must be the crux of a criminal offense "rather than merely an ancillary feature of a billing method."
U.S. federal prosecutors unsealed indictments Wednesday against six Houston-area men for an alleged six-month spree of business email compromise thefts adding up to nearly $6 million. Business email compromise is a mainstay of social engineering fraud.
Hacking group Asylum Ambuscade, which security researchers say aligns with Belarusian government interests, has an "unusual" twist: It appears to be mixing cybercrime - focused on banking and cryptocurrency customers - with cyberespionage, including attacks targeting Ukraine.
Suspected nation-state hackers are using malware that researchers say straddles the line between off-the-shelf and advanced tactics in order to target the U.S. aerospace industry. Researchers from Adlumin in May found the malware on a defense contractor's network.
A former employee of an Arizona hospital has been sentenced to federal prison and ordered to pay restitution to victims after pleading guilty to criminal HIPAA violations and his participation in an identity theft scam that compromised the data of nearly 500 patients.
The Biden administration stepped up regulatory enforcement against cryptocurrency trading platforms in consecutive lawsuits targeting Binance and Coinbase for alleged violations of securities laws. "We already have digital currency. It's called the U.S. dollar," said U.S. SEC Chairman Gary Gensler.
The Clop ransomware-as-a-service gang said it is behind a spate of hacks taking advantage of a vulnerability in Progress Software's MOVEit managed file transfer application. "We download alot of your data as part of exceptional exploit," the gang says in a misspelled post on its dark web leak site.
Ukrainian cyber defenders say they've identified a cyberespionage campaign active since mid-2022 that gained unauthorized access to "several dozen" computers. A government spokesperson said Tuesday the campaign targets government agencies and media organizations.
Pretexting incidents, a social engineering technique that manipulates victims into divulging information, have nearly doubled, representing 50% of all social engineering attacks, according to Verizon's 2023 Data Breach Investigations Report, which analyzed more than 16,312 security incidents.
Criminals are continuing to wield stolen credentials, compromise attacks, ransomware and social engineering to earn an illicit payday, according to Verizon's latest annual analysis of data breaches and how they happened, which finds that post-ransomware cleanup costs are rising.