Surveillance researchers at Citizen Lab have tied thousands of "Dark Basin" corporate espionage phishing attacks to a small Indian cybersecurity firm called BellTroX InfoTech Services. It's led by Sumit Gupta, who was indicted by the U.S. in 2015 for criminal hacking on behalf of private investigators.
Ransomware gangs keep innovating: Maze has begun leaking data on behalf of both Lockbit and RagnarLocker, while REvil has started auctioning data - from victims who don't meet its ransom demands - to the highest bidder. Thankfully, security experts continue to release free decryptors for some strains.
A sophisticated strain of ransomware called Tycoon has been selectively targeting education and software companies since December 2019, according to a joint report released by BlackBerry and KPMG. Due to its unique development, this crypto-locking malware can target both Windows and Linux systems.
The Maze ransomware gang is hosting and promoting data stolen by other ransomware operators on its "Maze News" website, according to IBM researchers, who are concerned this could be a sign of growing collaboration among cybercrime groups.
Ransomware-wielding criminals are growing increasingly ruthless, based on the size of their extortion demands, their increasing propensity to leak data in an attempt to force victims to pay and their greater focus on taking down big targets. These tactics, unfortunately, appear to be working.
Two years after it was last seen in February 2018, ZLoader banking malware has resurfaced, with cybercriminals wielding a new version that gets distributed via email campaigns, security firm Proofpoint warns.
The number of darknet forum ads offering full access to corporate networks jumped almost 70% during the first quarter of 2020, compared to the previous quarter, posing a significant potential risk to corporations and their now remote workforces, according to security firm Positive Technologies.
Australian shipping giant Toll Group recently suffered its second ransomware outbreak of the year, with Thomas Knudsen, the company's managing director, branding the latest attack as being "serious and regrettable." But was it preventable?
The operators of the REvil ransomware strain are attempting to ratchet up pressure on a New York law firm to pay a $42 million ransom, threatening to release more data on the firm's roster of celebrity clients. So far, the REvil gang has released about 2 GB of legal information related to Lady Gaga.
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Australian shipping giant Toll Group has vowed to again not pay a ransom after suffering its second ransomware attack of the year. In the latest incident, however, the company warns that attackers also stole corporate data - and it may get leaked.
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million, according to the company's latest financial report. The company has said that the Maze ransomware gang was behind the attack.
A sophisticated, highly targeted phishing campaign has hit high-level executives at more than 150 businesses, stealing confidential documents and contact lists, says security firm Group-IB. The campaign, which targets Office 365 users, appears to trace to attackers operating from Nigeria and South Africa.
The average ransom paid by victims to ransomware attackers reached $111,605 in the first quarter of this year, up 33% from the previous quarter, reports ransomware incident response firm Coveware, which sees the Sodinokibi, Ryuk and Phobos malware families continuing to dominate.
The lines are rapidly blurring between traditional fraud and rising cybersecurity threats. Financial services leaders are challenged to find ways to rapidly increase visibility across their environments while accelerating responses to threats effectively and efficiently.
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