The latest edition of the ISMG Security Report features an analysis of how cybercriminals are turning to cryptomixing services to conceal the proceeds of ransomware activities from law enforcement officials. Also featured: Criminals exploit a misconfigured FBI server and the future of zero trust.
Ari Redbord of TRM Labs, who has had an extensive career in law enforcement, points out that 2020 was a pivotal year for putting cybersecurity on the agenda throughout the government. He discusses securing cryptocurrecy, the blockchain and other elements of the "digital battlefield."
Four editors at ISMG discuss important cybersecurity issues, including law enforcement agencies' crackdown on ransomware operations, how banks are building their technology stacks to counter card fraud and whether the "work from anywhere" model is beneficial for employees in the long term.
In the latest weekly update, four ISMG editors discuss: a federal judge imposing the maximum sentences on a hacker who pleaded guilty to conspiracy and aggravated identity theft, regulators getting tougher on cryptocurrency lending platforms and the return to in-person roundtables.
A congressional letter sent to the heads of four federal agencies expressed an urgent need for the Biden administration to continue combating ransomware. This includes a particular focus on the cryptocurrency infrastructure that is enabling these cyberattacks, four Democratic lawmakers say.
The U.S. Department of Justice said this week it will pursue government contractors that fail to report cybersecurity incidents. The department also announced the formation of a Cryptocurrency Enforcement Team to prosecute the misuse of virtual currencies.
Merger and acquisition activity picked up in September with BitSight, Tenable and Mastercard, all making deals. Moody's became BitSight's largest shareholder after making a $250 million investment in the company.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how ransomware affiliates change operators and why terrorists aren't launching massive cyberattacks.
A hacker breached the blockchain-based Poly Network platform to steal more than $600 million in cryptocurrency, the platform announced Tuesday. But Wednesday, it appeared the hacker had returned some of the stolen assets.
The world is now focused on ransomware, perhaps more so than any previous cybersecurity threat in history. But if the viability of ransomware as a criminal business model should decline, expect those attackers to quickly embrace something else, such as illicitly mining for cryptocurrency.
Bitcoin has enabled fast payments to cybercriminals pushing ransomware. How to deal with bitcoin is the subject of a spirited debate, with some arguing to restrict it. But bitcoin doesn't always favor cybercriminals, and it may actually be more of an ally than a foe by revealing webs of criminality.
Criminals tricked into using an FBI-run encrypted messaging app, Verizon's 2021 Breach Investigations Report and overcoming the challenges of recruiting cybersecurity professionals are among the latest cybersecurity topics to be featured for analysis by a panel of Information Security Media Group editors.
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.
Iran is using its abundance of oil to generate electricity that powers a massive bitcoin cryptomining operation that enables the country to turn its greatest natural resource into money, offsetting some of its income lost as a result of economic sanctions, according to cryptocurrency analysis firm Elliptic.
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