The U.S. Department of the Treasury unveiled additional steps to curb the illicit use of cryptocurrencies on Friday, warning enterprises not to engage with sanctioned entities exploiting the financial system - particularly to launder ransomware proceeds.
Researchers at Morphisec Labs have published fresh details about a new MirrorBlast campaign that they say is run by a Russia-based threat group TA505, targeting financial services organizations. The campaign delivers MirrorBlast via a phishing email that contains malicious links.
U.S. federal agencies issued a joint advisory around potential cyber threats to the nation's water facilities. They cite "ongoing malicious cyber activity - by both known and unknown actors - targeting the IT and OT technology networks, systems and devices" of U.S. water and wastewater systems.
In this update, four editors discuss key cybersecurity issues, including addressing the complexity of security, the rising number of victims targeted by double extortion ransomware and the Information Commissioner's Office's recent consultation on creating an international data transfer agreement.
A free decryptor for BlackByte ransomware has been released by security researchers at Trustwave who cracked the crypto-locking malware's encryption. But they say that unfortunately, the underlying encryption problem is likely in the process of already being fixed by the malware's developer.
The latest edition of the ISMG Security Report features an analysis of attempts made by European law enforcement to encourage young cybercriminals to channel their skills in more ethical ways. Also featured: Fraud detection and response; inspiring behavioral change.
Democratic lawmakers on the House Committee on Energy and Commerce announced legislation that would rein in tech algorithms on platforms exceeding 5 million monthly viewers. This follows a high-profile whistleblower case heard before Congress on Facebook's allegedly questionable data policies.
Australia plans to require businesses with more than $10 million in revenue to report ransomware attacks to the government, part of a comprehensive strategy to fight the attacks that also includes new criminal penalties and assistance to victims. The plan would need to be passed by Parliament.
The breach of text message routing giant Syniverse revealed yet another supply chain attack involving a key supplier, exacerbated by outdated communications protocols desperately in need of a security revamp and better incentives for improvement, says mobile telephony security expert Karsten Nohl.
The White House National Security Council this week kicked off its international counter-ransomware event with participation from more than 30 nations. This gathering aims to elevate both law enforcement collaboration and diplomatic efforts. Noticeably absent from the summit: Russia.
The U.S. Attorney's Office for the Eastern District of Virginia last week indicted three men - including an ex-employee of Bank of America and TD Bank - with money laundering and aggravated identity theft after the men allegedly conducted an extensive business email compromise scheme.
In an effort to bolster endpoint protection within the U.S. government, the White House is ordering federal agencies to allow CISA to access existing deployments. It is also setting timelines for improving the protection of workstations, mobile phones and servers.
One measure of the damage being done by ransomware groups continues to be how many victims get listed on ransomware operators' dedicated data leak sites, as part of their so-called double extortion tactics. Unfortunately, the number of victims doesn't appear to be declining.
More than two-thirds of survey respondents say they take a balanced approach - business, customers and compliance - investing in fraud prevention technology. So, why do they also report customer friction among their top challenges? BioCatch's Raj Dasgupta analyzes the results of the new Fraud Transformation Survey.
A congressional letter sent to the heads of four federal agencies expressed an urgent need for the Biden administration to continue combating ransomware. This includes a particular focus on the cryptocurrency infrastructure that is enabling these cyberattacks, four Democratic lawmakers say.
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