Russia's threat to Ukraine is reshaping notions of what it means to employ cyber operations as part of a conflict. If Russian military forces do invade, experts warn that cyberattacks meant to support military operations and disrupt critical infrastructure may not be restricted to Ukrainian targets.
With tensions mounting in Ukraine, U.S. cybersecurity officials have grown increasingly concerned over the threat of direct cyberwarfare. As such, the U.S. has dispatched its top cyber official, Deputy National Security Adviser Anne Neuberger, to Europe to discuss the Russian threat.
The European Systemic Risk Board has proposed a new systemic cyber incident coordination framework called EU-SCICF. This framework will be designed to counter any major cross-border cyber incidents in the financial sector space with a coordinated response.
In just a month, the BlackCat cybercrime group has carried out high-impact ransomware attacks on international organizations and risen to seventh place in Unit 42's ranking of global ransomware groups. A key factor, researchers say: the use of the Rust language for coding its malware.
In 2021, there were 1,862 data compromises - a 68% increase over 2020, according to the Identity Theft Resource Center's Annual Data Breach Report. "In this past year, there were more cyberattack-related data breaches than there were all forms of data breaches in 2020," says ITRC COO James E. Lee.
A 29-year-old Canadian man has been sentenced to three years in prison for trading in stolen personal information, which included transactions with an aggressive hacking and extortion group known as The Dark Overlord. Slava Dmitriev sold identity information on the AlphaBay marketplace, prosecutors alleged.
Attack scans and attempts related to the Log4j flaw may have declined, but some security experts believe the attack vectors will continue to pose a problem up to two years. Also, the Ukraine Computer Emergency Response Team reports Log4j could be a possible attack vector in recent cyberattacks.
Fraud teams at many enterprises overlook refund fraud because it is considered part of customer service, says Brett Johnson, a consultant on cybersecurity, cybercrime and ID theft who was a central figure in the cybercrime world for over 20 years. He discusses why they should be addressing it.
Tal Prihar, a former administrator of the DeepDotWeb darknet market search engine, has been sentenced to serve eight years in a U.S. federal prison after pleading guilty to money laundering, tied to his having received more than $8 million in kickbacks from markets to which he referred buyers.
Four ISMG editors discuss: how too many organizations fail to implement basic cybersecurity defenses - such as MFA; a proposed lawsuit against health insurer Excellus that calls for an improvement to its data security program; and strategies for securing open-source and other software components.
All organizations in Britain are being urged by the government to immediately bolster their business resilience capabilities due to an increased risk of fallout from cyberattacks targeting Ukraine. In the past, such attacks have amassed victims outside Ukraine, causing billions in commercial damages.
The latest edition of the ISMG Security Report features an analysis of whether a new ransomware operation is a spinoff of the notorious REvil or simply copying the group's moves; how Maersk responded to the NotPetya wiper malware attack; and essential incident response skills.
U.S. Security and Exchange Commission Chair Gary Gensler wants to broaden cybersecurity regulations. Among his concerns are the rising threat of cyberattacks due to the tensions between Russia and Ukraine, and a need to harmonize communications between financial firms and third-party vendors.
The risks posed by Apache Log4j continue, as a previously seen initial access broker group with the codename Prophet Spider IAB appears to be targeting vulnerabilities in Apache's logging utility to infiltrate the virtualization solution VMware Horizon, researchers at BlackBerry warn.
Despite Western governments' increased focus on disrupting ransomware, the quantity of new victims doesn't appear to have declined, at least so far. But multiple experts say that nation-state efforts to combat cybercrime syndicates are still picking up speed and may well yet have an impact.
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