The Conti ransomware group officially pulled the plug on its operation in May. But experts say the group's activities have continued in the form of numerous already-launched subsidiaries or spinoffs, which appear to include Alphv/BlackCat, AvosLocker, Black Basta and HelloKitty, among others.
To excel at cybersecurity incident response, start with planning, preparation and, ideally, regular tabletop exercises, say Kevin Li, CISO for MUFG Securities Americas, and Rocco Grillo, managing director of Alvarez & Marsal's Disputes and Investigations Global Cyber Risk Services practice.
Mark Read, head of data breach solutions for TransUnion in the UK, shares insights on the current data breach landscape, including how businesses should respond to a data breach in order to reduce its impact. "The most successful responses often include the offer of a remediation solution," he says.
Ransomware has changed the risk landscape for suppliers and is forcing companies to reconsider their risk relationships, says Kelly White, co-founder and CEO of RiskRecon. He discusses the correlation between cyber hygiene, ransomware and data loss.
The latest edition of the ISMG Security Report investigates the reboot of ransomware group Conti, which supports Russia's invasion of Ukraine. It also discusses why paying ransomware actors is a "business decision" and how to respond to the talent shortage in the financial sector.
A publicly traded issuer of home mortgages is notifying 1.5 million consumers of a December cyber incident on its network that leaked PII, including customers' Social Security numbers. Flagstar Bank discovered the breach on June 2 and there has been no evidence of data misuse so far.
Belgian and Dutch police with the support of Europol dismantled an organized crime gang involved in carrying out phishing, money laundering and other scams. Nine suspects are in detention after stealing several million euros, authorities say.
Insurance claims being filed by ransomware victims are growing as criminals continue to hit businesses with crypto-locking malware. To avoid these claims, organizations can take a number of proven steps to better protect themselves, says Payal Chakravarty of Coalition.
Indian hyperlocal logistics provider Grab says it wasn't hacked by a Malaysian hacktivist group. DragonForce Malaysia posted last Saturday on Twitter and Telegram the purported details of Grab delivery personnel. The group is amid an active campaign dubbed OpsPatuk against Indian targets.
Canada's Desjardins Group has reached an out-of-court settlement to resolve a data breach class action lawsuit. The breach, which the credit union group first disclosed in 2019, traced to a "malicious" insider who for 26 months had been selling personal details for 4.2 million active customers.
Ransomware struck global currency exchange and remittance company Travelex on New Year's Eve 2019. Don Gibson, a security architect at Travelex, became publicly linked with the incident, and the undesired attention he received contributed to a health situation that nearly led to a tragic outcome.
A new Android malware that can steal financial data, credentials, crypto wallets, personal data and cookies; bypass multifactor authentication codes; and remotely control infected devices is targeting online banking customers and financial institutions, cybersecurity researchers at F5 Labs say.
The U.S. Department of Justice, together with law enforcement partners in Germany, the Netherlands and the United Kingdom, has dismantled the infrastructure of a massive Russian botnet known as RSOCKS, which hacked millions of computers and other electronic devices around the world.
The proliferation of IoT devices and cloud has created a more vulnerable attack landscape, while technologies such as AI and deep learning can potentially thwart zero-day threats, says Itai Greenberg, chief strategy officer at Check Point Software Technologies.
In his spare time, ransomware expert Allan Liska recently became a certified sommelier. Branching out from his day job as principal intelligence analyst at Recorded Future, Liska says he's found numerous parallels between the deductive tasting process and threat intelligence.
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