Despite repeated disruptions by law enforcement, underground cybercrime markets continue to thrive. Researchers are tracking the debut of 190 "significant" new darknet markets in 2022, connecting illegal data and access brokers with ransomware groups, fraudsters and others.
The LockBit ransomware operation claims to have stolen data from a Texas-based supplier to Elon Musk's SpaceX, which designs, manufactures and launches rockets and spacecraft. It's the latest PR-grabbing attempt by the prolific LockBit extortion group.
Cybersecurity researchers say they are almost certain they have spotted traces of the advanced persistent threat group Dark Pink, which recently emerged, now apparently attacking victims with a newly improved obfuscation routine to evade anti-malware measures.
Emergency medical device provider Zoll Medical Corp. is notifying more than 1 million individuals, including employees, as well as patients and former patients who used its LifeVest wearable cardioverter defibrillator, of a hacking incident that compromised their personal information.
Business social media platform LinkedIn continues to pay dividends for North Korean hackers, including one group historically concentrated on South Korean targets that has expanded into pursuing security researchers and media industry workers in the West.
As Russia's full-scale invasion of Ukraine last year stalled, Russian hacking teams increasingly shifted from causing all-out disruption to cyberespionage, data theft and psychological operations, Ukraine's cybersecurity establishment says in a new lessons learned report.
Europe's largest bank, HSBC, agreed on Monday to buy the United Kingdom subsidiary of Silicon Valley Bank, and Canada's government took control of SVB's Canadian branch late Sunday. Regulators have stepped in to reassure depositors, and at least two other regional banks are facing liquidity issues.
Hackers are draining millions of dollars from decentralized finance protocol Euler Finance in an ongoing attack. The theft of crypto funds worth $197 million marks the largest exploit in 2023 so far. Euler Finance said it is aware of the incident.
Silicon Valley Bank's sudden and unexpected demise left numerous cybersecurity startups facing insolvency. But their crisis has been averted: U.S. government officials announced that beginning Monday, insured and uninsured Silicon Valley Bank depositors will have access to all of their money.
One top venture capitalist says the second-largest bank failure in U.S. history will make it harder for security startups to get loans and credit lines. For decades, SVB was one of the few institutions willing to extend money to early-stage firms that got the cold shoulder from traditional banks.
A provider of online mental health services is notifying nearly 3.2 million people that the company used website tracking tools to share sensitive patient information with third parties including Facebook, Google and TikTok - without the individuals' consent.
President Joe Biden's budget request for fiscal 2024 includes a big proposed boost for the federal office charged with enforcing privacy and security within the healthcare industry. The proposal asks for $78 million in appropriations for the Office of Civil Rights.
The European Central Bank will conduct cyber stress tests to determine banks' resilience against cyberattacks. The tests, which will receive a "significant amount of time and resources," are set to be completed by mid-2024, said Andrea Enria, ECB's top official for oversight.
Fundraising and customer relationship management software provider Blackbaud has reached a $3 million settlement agreement with the Securities and Exchange Commission over allegations it made "misleading disclosures about a 2020 ransomware attack that impacted more than 13,000 customers."
In the latest weekly update, ISMG editors discuss important cybersecurity and privacy issues, including how the new U.S. cybersecurity strategy doubles down on hitting ransomware, how the strategy shifts liability issues to vendors, and why check fraud is on the rise and what can be done about it.
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