The Good | US Detains Suspects in $80 Million ‘Pig Butchering’ Cryptocurrency Scam Online financial crime resulted in losses of $3 billion last year, with cryptocurrency investment fraud rising by 183%, according to statistics released by the FBI. Good to hear, then, that the Department of Justice has this week arrested two individuals and charged …
The Good, the Bad and the Ugly in Cybersecurity – Week 50 Read More »
Keep distributed teams connected and secure with the Meraki Z4 Read the full post.
The ransomware landscape is characterized by a heavy churn in both actor groups and malware families, with only a few players exhibiting relative longevity. Once feared threats such as REvil and Conti have either been dismantled or dissolved, while others – ALPHV, Black Basta and LockBit, for example – continue to extort businesses with impunity. …
Mallox Resurrected | Ransomware Attacks Exploiting MS-SQL Continue to Burden Enterprises Read More »
In the last few years, slowly but steadily, the boundary between reality and fiction in the digital realm has become increasingly blurred thanks to the advent of deepfake technology. Sophisticated, AI-powered synthetic media has evolved from a novel concept in Hollywood to a practical tool used daily by politically-motivated threat actors and cybercriminals for misinformation …
Beyond Illusion | Addressing the Cybersecurity Impact of Deepfakes and Synthetic Media Read More »
The Good | Co-Founder of Criminal Crypto Exchange Pleads Guilty to Money-Laundering Schemes Anatoly Legkodymov (aka “Gandalf” or “Tolik”), co-founder of the Bitzlato cryptocurrency exchange, has pleaded guilty to his role in aiding ransomware gangs and other cybercriminals in laundering over $700 million. Legkodymov has agreed to disband Bitzlato and forfeit his claim to approximately …
The Good, the Bad and the Ugly in Cybersecurity – Week 49 Read More »
Ransomware’s transformation from a targeted cybercrime to a significant threat to national security has increasingly drawn attention at international forums like the Counter Ransomware Initiative (CRI) Summit. The 2023 Summit, which brought together representatives from 50 countries, signifies a growing, yet cautious, acknowledgment of the need for collaborative strategies in tackling this complex issue. In …
Last week’s AWS re:Invent 2023, held in Las Vegas, was a milestone event showcasing the latest innovations in cloud security. This year, the focus was on the transformative role of Generative AI in cloud computing, a theme that resonated throughout the conference’s keynotes, breakout sessions, and hands-on labs. In this post, we unpack the essential …
The Good | Ukrainian Ransomware Gang Busted By Cyber Cops A ransomware gang operating out of Kyiv, Ukraine has been taken down by European police, it was announced this week. It is estimated the gang had attacked more than 250 servers across 71 countries during its active lifetime and caused losses of several hundred million …
The Good, the Bad and the Ugly in Cybersecurity – Week 48 Read More »
Earlier this week, CISA released an advisory warning of active exploitation of Programmable Logic Controllers (PLCs) used in Water and Wastewater treatment plants following intrusions into two U.S. critical infrastructure installations. The advisory and attacks come in the wake of increased public threats made by the Iran-backed Cyber Av3ngers “hacktivist” group to target industries using …
Iran-Backed Cyber Av3ngers Escalates Campaigns Against U.S. Critical Infrastructure Read More »
A little over a year ago, we described how ransomware operators had evolved their tactics from simple file locking to more sophisticated forms of extortion in Ransoms Without Ransomware, Data Corruption and Other New Tactics in Cyber Extortion. Since then, cybercrime actors have not stood still, and we are currently seeing the emergence of a …
Leveraging the Law, Exposing Incriminating Data and Other New Tactics in Cyber Extortion Read More »
