India is considering whether to recognize bitcoins as legal. As cybercriminals increasingly demand bitcoins for payment of ransoms, Iaw enforcement authorities are challenged in taking action against those who use virtual currency because of ambiguity over its legal status.
Analytics can play a critical role in cracking down on identity fraud, says Shaked Vax, Trusteer products strategist at IBM Security, who explains how to use the latest tools to identify network intruders.
Good news for some ransomware victims: The master key used to encrypt the original versions of Petya ransomware has been released. But the key cannot be used to decrypt the "NotPetya" malware that recently began crypto-locking PCs.
The latest edition of ISMG Security Report leads with a conversation with DataBreachToday Executive Editor Mathew J. Schwartz on how the NotPetya malware spread from its Ukraine origins. Also, why tech users can't secure their systems.
In the wake of the reported FBI probe into Moscow-based Kaspersky Lab, here's a question: Could a government compel a domestic cybersecurity firm to ignore state-sponsored malware, or even add backdoors to its software or hardware products, without getting caught?
Police in Ukraine have seized servers operated by the Intellect Service, which develops the M.E. Doc accounting software used by 80 percent of Ukrainian businesses. Attackers backdoored the software to launch XData, NotPetya and fake WannaCry - aka FakeCry - malware campaigns.
A senior Russian government official warned that Moscow will retaliate if the Senate moves to ban the use of Kaspersky Lab software by government agencies. Meanwhile, CEO Eugene Kaspersky has repeated his offer to allow U.S. officials to review the company's source code.
The NotPetya outbreak - and XData ransomware before it - have been traced by security researchers at ESET to backdoored M.E. Doc accountancy software. The installed software contains a unique tax identification code for each user's organization, potentially aiding attackers.
Firms in Ukraine and beyond are still struggling to bring all systems back online following last week's devastating "NotPetya" malware outbreak. Authorities in Ukraine have blamed Russia, and said criminal charges could be filed against a Ukrainian software vendor caught up in the attack.
Ransomware attacks are increasingly using multiple proven techniques to spread quickly and achieve the maximum impact before being thwarted. They are going to get bigger and target other platforms in the future, warns Justin Peters at Sophos APAC.
The working group set up by the ministry of finance has released its recommendations for shaping the computer emergency response team in the financial sector, prescribing an exhaustive cybersecurity framework to help organizations prevent breach incidents.
NotPetya was not as bad as WannaCry, despite NotPetya being even more sophisticated, and targeting the same EternalBlue flaw that had allowed WannaCry to spread far and fast. Microsoft says NotPetya's builders limited its attack capabilities by design.
As the WannaCry outbreak demonstrated, many organizations run outdated operating systems. Too often when systems - and especially embedded devices - still function, there isn't a convincing business case for upgrading. ESET's Mark James asks: Whose fault is that?