A rural Illinois medical system will shut down on Friday partly due to fallout from a 2021 ransomware incident as a wave of extortionate malware exacts rising costs from the healthcare industry. "These problems have no end in sight," said Mike Hamilton of security firm Critical Insight.
Mihai Ionut Paunescu, who hosted "bulletproof" infrastructure for malware, received a prison sentence of 36 months. His sentencing concludes a 10-year effort by prosecutors against a trio of hackers who created and distributed the Gozi banking Trojan.
Hackers hit the e-commerce industry with 14 billion attacks in 15 months, pushing it to the top of the list of targets for web application and API exploits. A new Akamai report blames digitalization and the wide range of vulnerabilities hackers can exploit in web applications.
Cisco connected the world; who better to defend it? This is the mindset Carlos Diaz brings to the new Cisco XDR release, which he says is designed to make cybersecurity defenders' lives easier. The message that defenders should draw from this XDR solution, he says, is: "Cisco knows me."
India's national cybersecurity coordinator said the government will soon roll out a cybersecurity reference framework to help organizations operating in critical infrastructure sectors shore up their defenses. The framework joins data protection and security strategy as a top government priority.
Expel has axed 60 workers just eight months after hauling in $31 million to provide the managed detection and response vendor with a financial cushion. The company will reduce its 600-person staff by 10% - or 60 people - in response to "many shifts in the market," the co-founders wrote in a blog.
A company that makes patient debt collection software is the latest healthcare sector entity to report a hacking breach related to a flaw in Fortra's GoAnywhere secure file transfer software. To date, the GoAnywhere vulnerability has affected the health information of 4.4 million individuals.
Fortinet has patched a critical vulnerability affecting Fortigate Secure Sockets Layer network VPN devices that allow remote network access. French security firm Olympe uncovered the vulnerability and said the flaw can be exploited without credentials and can bypass multifactor authentication.
U.K. banks will soon have to reimburse customers who fall prey to authorized push payment scams. The U.K.'s Payment Systems Regulator recently released a policy that would split the reimbursement cost between sending and receiving banks and incentivize the industry to invest in fraud prevention.
The company behind the MOVEit managed file transfer application is urging customers into a new round of emergency patching after identifying additional vulnerabilities. "These newly discovered vulnerabilities are distinct from the previously reported vulnerability," said Progress Software.
U.S. federal prosecutors accused two Russian nationals of carrying out the heist that provoked the 2014 collapse of cryptocurrency trading exchange Mt. Gox, then the world's largest crypto platform. One of them used the proceeds to co-found BTC-e, a now-shuttered crypto money laundering platform.
Moore Strategic Ventures led a $33 million investment into a military and transportation security startup founded by officers who stood up U.S. Army Cyber Command. The funds will help Shift5 expand from safeguarding military vehicles to protecting commercial modes of transportation.
An April ransomware attack that compromised the personal information of more than 2.5 million individuals has triggered at least four proposed federal class action lawsuits against Massachusetts health insurer Harvard Pilgrim Health and its parent company, Point32Health.
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