Gregory Touhill, the retired Air Force general and former federal CISO under President Obama, minces no words when he describes the Colonial Pipeline ransomware attack as a "global day of reckoning" for critical infrastructure protection.
The faces of fraud have changed, and so have the defenses. But improved protection doesn’t need to mean a diminished customer experience. Soudamini Modak of LexisNexis Risk Solutions discusses the latest fraud trends and how to hone defenses.
"It's not personal ... It's strictly business." That line from "The Godfather" encapsulates the mindset of criminals who extort businesses using ransomware and other tools: Their imperative is profits, no matter any disruption they might cause to critical services, such as those provided by Colonial Pipeline.
The FBI and White House confirmed Monday that the DarkSide ransomware variant was used in the Friday attack that caused disruptions at Colonial Pipeline Co., which operates a pipeline that supplies fuel throughout the eastern U.S. But the gang behind the ransomware tried to shift the blame to an affiliate.
It’s serious, impactful and raises new questions about critical infrastructure protection. But don’t tell Philip Reitinger of the Global Cyber Alliance that the Colonial Pipeline ransomware attack is any kind of a “wake-up call.” He says we’re long past that.
After a ransomware incident, Colonial Pipeline Co. has restored smaller pipelines that ship fuels to the U.S. East Coast, but its larger ones are still offline as it assesses safety. Citing U.S. officials, The Associated Press reports the company was infected by the DarkSide ransomware group.
Colonial Pipeline, which oversees more than 5,500 miles of pipeline that supplies fuel throughout the U.S. East Coast, confirmed Saturday that a ransomware attack has disrupted its services, and the company has taken some of its IT systems offline as a precaution.
U.S. and U.K. cybersecurity, law enforcement and intelligence agencies issued a joint advisory Friday offering detailed information on how to defend against the activities of the Russian Foreign Intelligence Service, or SVR, in the wake of the 2020 SolarWinds supply chain attack.
Attackers co-opted the Hancitor malware downloader and recently used it to deliver Cuba ransomware as part of an email spam campaign for data exfiltration and ransom extortion, a new report by security firm Group-IB finds.
The latest edition of the ISMG Security Report features an analysis of whether courts can trust evidence collected by Cellebrite's mobile device forensic tools. Also featured: Report shows attackers' dwell times plummeting; a call for partnership with law enforcement.
A ransomware gang claims to have stolen SIM card data and banking information in an attack on Schepisi Communications, a service provider to Australian telecommunications company Telstra, a local news outlet reports.
With consumers relying more heavily on e-commerce during the pandemic and beyond, leveraging behavioral biometrics for authentication is an effective strategy, says Coby Montoya, a fraud-fighting and authentication strategist at a financial company.
The average amount of time that online attackers camp out in a victim's network - or "dwell time" - has been declining, FireEye's Mandiant incident response group reports. But the surge in ransomware accounts for some attacks coming to light more quickly because those attackers announce their presence.