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.
The U.K.-based insurance firm One Call says it has successfully restored its systems in a new environment that is separate from the one that was impacted by a ransomware attack May 13, adding that a ransomware note which purported to be from DarkSide could not be verified as authentic.
A year ago, Chris Pierson and BlackCloak studied executives at top global pharma companies to learn the extent of password-based vulnerabilities. The findings weren't reassuring. Pierson revisited the study this year with a select few entities to see if the needle has moved in a more secure direction.
The increasing number of cyberthreats, especially ransomware attacks, is leading some cyber insurers to raise premiums and limit some coverage in hard-hit sectors, such as healthcare and education, according to a report from the Government Accountability Office.
Insurance company CNA's apparent decision to pay attackers a $40 million ransom and Colonial Pipeline Co.'s payment of a $4.4 million ransom are stirring debate over whether such payments should be banned under federal law.
The FBI is warning healthcare organizations and first-responder networks about Conti ransomware attacks, advising them to take measures to help prevent becoming a victim.
Khwaja Mohammad Ali of the Federal Bank of Pakistan explains why cyberattack prevention requires collaboration between tech teams and senior management.
Ransomware attacks are stuck on repeat: Criminal syndicates have found an extremely profitable business model, and they're milking it for all it's worth. So give the city of Tulsa, Oklahoma, credit for having in place robust disaster recovery capabilities and vowing to remediate, rather than pay criminals.
After revealing Colonial Pipeline Co. paid attackers $4.4 million after a ransomware attack, CEO Joseph Blount has been scheduled to testify at a House Homeland Security Committee hearing June 9.
5G technology reminds us that, globally, our sensitive data is open to attack. Janine Darling, founder and CEO of STASH Secure Data, is committed to resolving that vulnerability challenge.
"They’re playing games," is how one security expert describes Conti ransomware-wielding attackers' "gift" of a decryptor to Ireland's crypto-locked health service, while still demanding a ransom to not leak stolen health data. The same could be said of the DarkSide gang's promised retirement.
Security researchers who track ransomware often think such attacks must have hit their peak and can't get any worse - but then they do, thanks to top gangs continually improving the sophistication of their criminal enterprises, say McAfee's Raj Samani and John Fokker.
While ransomware attacks are largely viewed as cybersecurity incidents, there are critical data privacy concerns that must always be top of mind, says Jodi R. Daniels, founder and CEO of privacy consultancy Red Clover Advisors.
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