Ransomware attacks have evolved over the years as attackers have come out with new strategies for digital extortion, says Chris Novak, global director of the Threat Research Advisory Center at Verizon Business Group. He shares insight from the Verizon 2021 Data Breach Investigations Report.
The U.S. Justice Department reported it recouped $2.3 million of the $4.4 million ransom Colonial Pipeline Co. paid following a May 7 ransomware attack. The DOJ's Ransomware and Digital Extortion Task Force coordinated the effort, in which the FBI tracked payment to a bitcoin wallet it controls.
U.S. Justice Department prosecutors have charged a 55-year-old Latvian woman with helping to develop code for the Trickbot gang as well as stealing banking credentials and deploying ransomware, according to a federal indictment. Alla Witte faces more than 30 years in prison if convicted.
If you're a Russian cybercrime gang feeling the heat after being sanctioned by the U.S. government, why not rebrand? So goes an apparent move by Evil Corp to disguise its WastedLocker ransomware as rival gang Babuk's PayloadBin, so any ransom payers won't think they're violating U.S. sanctions.
In response to a string of high-profile and damaging ransomware attacks that took place over the past several months, the Biden administration sent an open letter to U.S. business leaders asking them to take the proper steps to protect their organizations from ransomware.
The ransomware attack that disrupted operations at meat processing giant JBS has exposed cybersecurity shortcomings in the U.S. agricultural sector and food supply chain. Experts say the industry demands the level of security scrutiny given to the electrical grid and other critical infrastructure.
Election security improvements, the push for all software to ship with a "bill of materials" and the results of a long-running investigation into a lucrative digital advertising scam are among the latest cybersecurity topics to be featured for analysis by a panel of Information Security Media Group editors.
The White House has written to business leaders, urging them to prioritize having robust ransomware defenses in place. The move comes as the Biden administration pursues multiple strategies to combat ransomware and digital extortion, including ordering a new task force to coordinate all federal investigations.
The latest edition of the ISMG Security Report details the ongoing wave of ransomware attacks, including the disruption of JBS, the world's largest supplier of meat. Also featured are police busting criminals who formerly used the EncroChat communications network and the strategies for filling the cyber skills gap.
The FBI has attributed the ransomware attack against meat processing giant JBS to the REvil - aka Sodinokibi - ransomware-as-a-service operation. Security experts say the operation, which dates from 2019, appears to be run from Russia, and has been hitting increasingly large targets.
The Department of Justice announced Tuesday that it has seized two domains that were used during a recent phishing campaign that targeted a marketing firm used by the U.S. Agency for International Development - USAID - to send malicious messages to thousands of potential victims.
The White House officially released its fiscal year 2022 budget proposal on Friday. The Biden administration is seeking to spend billions on cybersecurity, including $750 million for "lessons learned" from the SolarWinds attack. Officials also want to boost CISA's budget by $110 million.
A Russian group that was behind the massive SolarWinds supply chain attack has returned with a fresh phishing campaign, according to Microsoft. This new campaign compromised a marketing firm used by the U.S. Agency for International Development - USAID - to send malicious messages to thousands.
A threat group likely operating from Iran has been attacking Israeli targets for more than a year with the wiper variants Apostle and Deadwood, masking the intrusions as ransomware attacks to confuse defenders, according to SentinelOne.