A rural Illinois medical system will shut down on Friday partly due to fallout from a 2021 ransomware incident as a wave of extortionate malware exacts rising costs from the healthcare industry. "These problems have no end in sight," said Mike Hamilton of security firm Critical Insight.
Mihai Ionut Paunescu, who hosted "bulletproof" infrastructure for malware, received a prison sentence of 36 months. His sentencing concludes a 10-year effort by prosecutors against a trio of hackers who created and distributed the Gozi banking Trojan.
U.K. banks will soon have to reimburse customers who fall prey to authorized push payment scams. The U.K.'s Payment Systems Regulator recently released a policy that would split the reimbursement cost between sending and receiving banks and incentivize the industry to invest in fraud prevention.
The company behind the MOVEit managed file transfer application is urging customers into a new round of emergency patching after identifying additional vulnerabilities. "These newly discovered vulnerabilities are distinct from the previously reported vulnerability," said Progress Software.
U.S. federal prosecutors accused two Russian nationals of carrying out the heist that provoked the 2014 collapse of cryptocurrency trading exchange Mt. Gox, then the world's largest crypto platform. One of them used the proceeds to co-found BTC-e, a now-shuttered crypto money laundering platform.
An April ransomware attack that compromised the personal information of more than 2.5 million individuals has triggered at least four proposed federal class action lawsuits against Massachusetts health insurer Harvard Pilgrim Health and its parent company, Point32Health.
In the latest weekly update, four ISMG editors discuss highlights from Verizon's 16th annual Data Breach Investigations Report, what's on the mind of CISOs in Malaysia and the Philippines, and how the U.S. SEC sued crypto trading platforms Binance and Coinbase over securities violations.
Ransomware hackers are stretching the concept of code reuse to the limit as they confront the specter of diminishing returns for extortionate malware. In their haste to make money, some new players are picking over the discarded remnants of previous ransomware groups.
Hackers stole personal information of up to 100,000 employees of Nova Scotia Health by exploiting the zero-day in Progress Software's MOVEit managed file transfer application. The software is widely used in the healthcare sector, warned the U.S. federal government.
This week: A U.S. federal court issued a summons to Binance CEO Changpeng Zhao, Lazarus may be behind the $35 million Atomic Wallet heist, and Manhattan prosecutors seized a scam crypto recovery website. Also, the Blockchain Association weighs in on Tornado Cash, and crypto security attacks decline.
This week: Barracuda Networks recalls hacked email security appliances, the latest on MOVEit, and a Gigabyte motherboard firmware security vulnerability is exposed. Also, researchers detail a patched flaw in the Microsoft Visual Studio extension installer, and ransomware hits across the globe.
The Supreme Court on Thursday narrowed federal prosecutors' ability to bring identity theft charges in an opinion holding that misuse of another person's identification must be the crux of a criminal offense "rather than merely an ancillary feature of a billing method."
U.S. federal prosecutors unsealed indictments Wednesday against six Houston-area men for an alleged six-month spree of business email compromise thefts adding up to nearly $6 million. Business email compromise is a mainstay of social engineering fraud.
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