An Ohio man has pleaded guilty to operating an illegal bitcoin "mixer" service to launder more than $300 million in cryptocurrency for users of darknet marketplaces, according to the Justice Department. Larry Dean Harmon faces up to a 20-year federal prison sentence.
The latest edition of the ISMG Security Report features an analysis of the cybercrime-as-a-service model and how law enforcement could potentially disrupt it. Also featured: T-Mobile probes a massive data breach; tackling abuse in the workplace.
T-Mobile USA says its massive data breach is worse than it first reported: The count of prepaid and postpaid customers whose information was stolen has risen to 14 million. Also revised upward: its count of 40 million exposed credit applications from former customers and prospects.
A hacker stole $97 million in cryptoassets from the Japan-based cryptocurrency exchange Liquid. The attack came just days after a hacker stole $612 million from the crypto platform Poly Network.
A Nigeria-based ransomware gang is conducting a campaign that dangles a $1 million bribe - or a portion of any ransom collected - to employees of targeted organizations if they will install DemonWare ransomware on their corporate network.
T-Mobile USA has confirmed that its systems were breached and that details for 7.8 million current T-Mobile postpaid customers and 850,000 prepaid customers as well as records for 40 million individuals who applied for credit were stolen.
The Executive Order on Improving the Nation’s Cybersecurity issued on May 12, 2021 requires federal agencies to develop a plan to adopt Zero Trust architectures within 60 days and multi-factor authentication within 180 days. With the increasing cyber attacks toward all areas of government, the executive order should...
A Massachusetts man who used SIM swapping and other account takeover techniques to target business executives and steal more than $530,000 worth of cryptocurrency has pleaded guilty to several federal charges.
It's unlikely that the U.S. abandoning its embassy and other facilities in Afghanistan poses cyber risks, thanks to the emergency planning that was already in place, some security experts say.
T-Mobile USA has confirmed that attackers accessed its computer systems, but the mobile communications provider is still investigating whether customers' personal data was exposed. Cybercrime experts say the attackers apparently involved have been tied to previous crimes targeting telecommunications since at least...
Memorial Health System in Ohio is the latest healthcare entity to be hit with an apparent ransomware incident that is disrupting patient care services.
When is a data exposure not just a data exposure? According to a U.S. Securities and Exchange Commission order, education publishing giant Pearson misled investors when it failed to proactively inform them that attackers had stolen millions of rows of student information, including poorly hashed passwords.
The ransomware attack that targeted Colonial Pipeline Co. in May compromised the personal information of more than 5,800 individuals, mainly current and former employees, according to a breach notification letter.
T-Mobile USA says it is investigating a claim that as many as 100 million accounts may have been compromised in a data breach. The person who claims responsibility for the alleged breach says T-Mobile misconfigured a Gateway GPRS Support Node.
Initial access brokers continue to sell easy access to networks. Given the uptake of such access by ransomware operations over the past year, one surprise is that relatively few individuals appear to be serving as brokers, which, of course, makes them an obvious target for law enforcement authorities.
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