Internet-enabled crime has surged during the pandemic, with more than $4.2 billion in losses reported by victims to U.S. authorities in 2020. The most lucrative type of crime continues to be business email compromise scams, which last year accounted for at least $1.8 billion in losses, the FBI reports.
As the Biden administration makes final preparations to respond to the attacks against SolarWinds, it's been confronted by a second major cyberthreat: the hacking of Microsoft Exchange servers throughout the U.S. The response to this incident, however, will likely be much different.
It has been an open question as to how a half-dozen hacking groups began exploiting Exchange servers in an automated fashion in the days leading up to Microsoft's patches. But there are strong signs that the exploit code leaked, and the question now is: Who leaked it?
The latest edition of the ISMG Security Report features cybercrime deterrence lessons learned from the disruption of the Emotet botnet operation. Also featured: An update on attacks tied to Microsoft Exchange flaw exploits; a discussion of the need to update business continuity plans.
Computer security researchers have acquired an enormous list of compromised email servers from the perpetrators of the mass Microsoft Exchange compromises. But a big question looms: How bad is this situation going to get?
Nearly four years after the WannaCry ransomware hit the world, targeting the EternalBlue vulnerability in Microsoft SMB version 1, security firms say the malware continues to be a top threat detected in the wild by endpoint security products. Why won't WannaCry just die?
Just days after Microsoft disclosed four serious flaws in Microsoft Exchange email servers, attackers are going on a wide hunt for vulnerable machines, some security experts say. The flaws could be exploited for creating backdoors for email accounts or installing ransomware and cryptominers.
In financial services, there is a stark difference between defending against authorized versus unauthorized fraud incidents. James Hunt of Bottomline Technologies discusses the schemes and how to respond with a more dynamic prevention strategy.
Microsoft issued emergency software patches on Tuesday for four zero-day vulnerabilities in its Exchange email server. The alarming vulnerabilities could allow a remote attacker into Exchange and possibly enable further lateral movement.
French authorities are warning the country's healthcare sector of the discovery of a glut of stolen credentials, apparently belonging to hospital workers, that were found for sale on the dark web. The alert comes amid a recent rise in ransomware attacks on hospitals and other healthcare entities.
Venture capital firm Sequoia Capital confirmed it was recently involved in a "cybersecurity incident," but offered no details on exactly what may have transpired. Cybersecurity teams and law enforcement agencies have been notified.
SonicWall was recently attacked via a zero-day flaw in one of its own products. Curiously, SonicWall hasn't said much about the extent and damage of the breach since its announcement. But there are strong indications it may have been targeted by an extortion attempt.
A Nigerian national has been sentenced to 10 years in prison after pleading guilty to taking part in a business email compromise operation that extorted $11 million from its victims, according to the U.S. Department of Justice.
Bloomberg has stood firm on its controversial story from two years ago asserting that China implanted a tiny chip on motherboards made by Supermicro. But rather than proving its contention in a follow-up, it may have inflicted more reputational damage upon itself.
The decline in the total number of U.S. data breaches in 2020 isn't all good news; it reflects that hackers are changing their tactics, says James Lee of the Identity Theft Resource Center, who offers an analysis of the center's new data breach report.
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