Cyber extortion group Rex Mundi has been shut down following the arrest of seven suspects in France and a French national in Thailand, police say. Investigators began pursuing the group last year after it stole customer data from a British firm and demanded $770,000 to not publicly release it.
As bitcoin continues its massive price fluctuations, a new report says criminals have continued their push to get extortion and ransom payments in more stable cryptocurrencies. But bitcoins remain a top target for hackers, who most often choose to directly target cryptocurrency exchanges.
Leading the latest edition of the ISMG Security Report: Our exclusive report on an Australian criminal investigation into a company that apparently swiped cryptocurrency using a software backdoor. Also, cutting through the hype on artificial intelligence and machine learning.
Hackers have reportedly demanded a ransom from Bank of Montreal and Simplii Financial in exchange for not dumping 90,000 customers' account details on a fraud forum. The FBI says online extortion and ransomware remain the top two types of cybercrime it's seeing today.
With the rise of P2P payment networks and the U.S. working toward a real-time national payments network, the push is on to battle fraudsters. Also, attackers are hacking legitimate websites to more stealthily distribute "Gandcrab" crypto-locking ransomware.
The Gandcrab ransomware has been a moving target. Since it was discovered in January, it quickly became one of the most widely distributed file-encrypting malware programs. Researchers with Cisco say they've now found it seeded within legitimate websites, making its spread tougher to stop.
The attackers behind SamSam ransomware have been focusing not on infecting individuals' computers, but rather the systems of large organizations that they hope will pay for a "volume discount" - in one case, $46,000 - to decrypt all of their systems at once.
What are the top cybersecurity threats and trends on security experts' radar? McAfee's Raj Samani and Steve Povolny discuss Olympic Destroyer malware, cryptocurrency mining, the Cambridge Analytica and Facebook scandal and more.
The city of Atlanta's ransomware outbreak cleanup and response tab has hit $2.6 million after a March attack froze corporate servers, employees' PCs and resident-facing portals. Some security experts say the breach response funds would have been put to better use preventing the outbreak in the first place.
Verizon's latest Data Breach Investigations Report shows that half of data breaches in 2017 worldwide were orchestrated by organized cybercriminal groups, says Verizon's Ashish Thapar, who offers an in-depth analysis of the findings.
Leading the latest edition of the ISMG Security Report: Assessing cryptocurrencies' role in the latest ransomware and malware attacks. Plus: Facebook's revised estimate on account details accessed by Cambridge Analytica.
Leading the latest edition of the ISMG Security Report: Ransomware hits the city of Atlanta, Baltimore's 911 system as well as aviation giant Boeing. Plus, WikiLeaks and its Julian Assange get taken for a ride by Russian intelligence.
Boeing says that a malware outbreak affected a small number of systems but did not disrupt production. An executive has reportedly identified the malware as being WannaCry ransomware and called for "all hands on deck" to respond to the incident.
India's Haryana Power Corporation has confirmed that a hacker cryptolocked its billing system, demanding a ransom in exchange for the decryption key. The organization says it has refused to pay. The attack is a reminder that the power sector continues to be targeted by hackers.