Ransomware victims who opted to pay for the promise of a decryption key forked over an average of $6,733 in the fourth quarter of 2018, according to ransomware incident response firm Coveware. It says strains such as SamSam and Ryuk, which demand higher-than-average ransoms, are increasingly common.
Bangladesh Bank, supported by the New York Fed, has filed a lawsuit in U.S. federal court to try to recover $81 million stolen via one of the biggest online bank heists in history. But the Philippine bank the lawsuit targets has dismissed the case as a "political stunt" designed to shift blame.
The notorious xDedic Marketplace Russian-language cybercrime forum and shop remains offline following an international police takedown. Security experts expect xDedic customers to shift to UAS, a rival darknet market that also specializes in stolen and hacked remote desktop protocol credentials.
The latest edition of the ISMG Security Report features an update on what U.S. intelligence chiefs told Congress this week about persistent nation-state cyberthreats, plus reports on evasion tactics used by cryptocurrency money launderers and what government CIOs have to say about security funding.
Apple's conflict with Facebook this week resulted in the most effective and quickest punishment the social network has ever received over a privacy issue. But should a multi-billion dollar tech company like Apple be picking up the slack for the digital privacy enforcement failures of governments?
Airbus says it suffered a hack attack, leading to a breach of "contact and IT identification details" for at least some of its EU employees. The aerospace giant says its investigation continues and that it has notified European privacy authorities, per GDPR requirements.
Efforts to exploit U.S. election security continue, and China, Russia, Iran and North Korea's "cyber espionage, attack and influence capabilities" pose an increasing threat, Director of National Intelligence Dan Coats told the Senate Intelligence Committee.
Sophos is out with new reports on Matrix and Emotet, two different types of cyberattacks that are hitting enterprise defenses. Matrix is a targeted ransomware, an emerging type of attack Sophos expects to gain prominence, and Emotet is malware that has evolved over the years into an opportunistic, polymorphic threat...
Despite the value of cryptocurrency plummeting since 2017, cybercriminals and rogue nations are still using it to launder funds. One recently discovered scheme designed to evade AML detection is "crypto dusting," according to CipherTrace's Dave Jevans.
Japan plans to identity vulnerable internet of things devices the same way hackers do: by trying to log into them. The country wants to gauge its cybersecurity readiness for next year when it hosts the summer Olympics. If vulnerable devices are found, the plan is to notify device owners.
Around the world, many CIOs at various levels of governments expect an increase in cybersecurity spending in 2019, according to new research from Gartner. Alia Mendonsa, co-author of the report, analyzes the results of a global survey.
Special Counsel Robert Mueller's investigation into Russian interference in the 2016 U.S. presidential elections has led to 199 criminal charges, 37 indictments or guilty pleas and four prison sentences so far. But some key questions remain unanswered.
Roger Stone Jr., a longtime political adviser to President Donald Trump, has been arrested as part of Robert Mueller's Russian interference probe. Stone has been accused of lying to Congress about his communications with WikiLeaks over stolen Democratic Party documents and emails it published.