Banks are losing hundreds of millions of dollars a year to check fraud - if not more, says David Maimon, professor of criminal justice and criminology at Georgia State University. The major hurdle facing banks is that they are not able to share information with each other about fraudulent checks.
The Italian cybersecurity agency says at least a dozen hacks against unpatched VMware ESXi servers in the country are likely tied to the BlackBasta ransomware group. Investigators say the ransomware campaign may have hit thousands of organizations worldwide since Thursday.
Holding cryptocurrencies in anything but a memory drive inside a box shielded with a Faraday cage seemed to tempt fate during 2022. And for that - apart from the outright alleged larceny behind the collapse of FTX - the cryptocurrency world can in large measure finger DeFi platforms.
French police arrested hacker Aleksanteri Kivimäki, 25, who's suspected of hacking and extorting a Finnish mental health service provider, leaking patient data and extorting 25,000 patients. The suspect was formerly convicted of disrupting thousands of websites when he was a teenager.
A massive automated ransomware campaign is targeting VMware ESXi hypervisors worldwide, warns CERT-FR, the French government's computer emergency readiness team that's part of the National Cybersecurity Agency of France. VMware is advising customers to patch affected servers and scan for malware.
Ukrainian and Polish cyber defenders are warning against a slew of phishing websites that mimic official sites, in particular a page that mimics the Ministry of Foreign Affairs of Ukraine. A hacking group likely comprised of Russian speakers uses the pages to lure users into downloading software.
An Indian cybersecurity official highlighted Djvu ransomware as a threat, saying that "maximum companies" are attacked by the malware, a variant of the Stop family of ransomware. Djvu often infects computers by masquerading as software whose activation key has been cracked by hackers.
A Florida healthcare system says it is diverting emergency patients and is only accepting certain Level 1 trauma cases while it deals with an "IT security incident." Meanwhile, a Maryland hospital is responding to its own ransomware incident.
According to the World Economic Forum, geopolitical instability has helped to close the perception gap between business and cyber leaders' views on the importance of cyber risk management, and "91% of all respondents" believe that "a far-reaching, catastrophic cyber event" is on the horizon.
In the latest weekly update, ISMG editors discuss the lasting effects of the takedown of the Hive ransomware group, why the U.S. government is warning of a surge in Russian DDoS attacks on hospitals, and why the lack of transparency in U.S. breach notices is creating more risk for consumers.
Criminals lately have been prioritizing two types of attacks: exploiting Remote Desktop Protocol and penetrating cloud databases. So warns cyber insurer Coalition, based on analyzing in-the-wild attacks seen in 2022 via underwriting and claims data, scans of IP addresses and honeypots.
Another day, another crypto hack: A hacker on Wednesday exploited a smart contract vulnerability on a decentralized platform to steal cryptocurrency. The attacker got away with either $120 million or $1 million, depending on whom you ask. It's complicated.
While malicious wipers have stolen most of the headlines in the Russia-Ukraine cyberwar, investigators say Russians are now using modified GammaLoad and GammaSteel info stealer malware to spy on compromised government employee accounts and avoid detection. The attack begins with a phishing email.
The insider threat hacker who attempted to extort $1.9 million out of Ubiquiti Networks faces sentencing in May after pleading guilty to three crimes in federal court. The hacker, Nickolas Sharp, was the company's cloud lead and was on the team remediating the security incident he caused.
The BlackCat ransomware-as-a-service group says it's selling 2 terabytes worth of military data including classified documents culled from Indian explosives and propellant manufacturer Solar Industries. Ransomware criminals say they've stolen specifications of rocket propellant and warheads.
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