TikTok says the Biden administration has demanded that the company's Chinese owners divest their stake in the company or risk seeing the app get banned in America. The U.S., Canada, EU, U.K. and New Zealand have all banned the use of TikTok on government devices, citing national security concerns.
In the latest weekly update, ISMG editors discuss how the Silicon Valley Bank crash will affect innovation in the cybersecurity space, why the SEC fined cloud provider Blackbaud $3 million for its "erroneous" breach details, and why the feds fined a web hosting firm in a kids' insurance site hack.
A financially motivated hacking group has been exploiting a now-patched zero-day vulnerability in the Windows operating system to deliver ransomware. Google Threat Analysis Group attributed the campaign to Magniber ransomware group. Microsoft issued a patch in its March dump of fixes.
In this week's data breach roundup: medical device manufacturer Zoll, CHU University hospitals, Australian company Latitude Financial, Hawaiian death registry, Los Angeles Housing Authority, Indian Railway ticketing app, updates on U.S. Marshals Service and Congress, and a new ransomware decryptor!
Federal regulators initiated a probe of social media after accusing firms such as Facebook of presiding over a surge in advertising fraud including ads for sham healthcare products. Sham ads "can pose real dangers," including by spreading health disinformation, said Commissioner Rebecca Slaughter.
What happens next in Russia's all-out invasion of Ukraine isn't clear, but experts have been tracking signs that Moscow may be preparing for intensified cyber operations ahead of a spring offensive, developing new wiper malware and getting ready to interfere in European elections and foreign policy.
Every week, ISMG rounds up cybersecurity incidents in the world of digital assets. In focus between March 10 and 16: a ChipMixer takedown, Euler Finance and Poolz Finance hacks, bugs on 280 blockchains, Dero coin, and a report from the Financial Action Task Force on ransomware financing.
Microsoft's March dump of patches fixes two actively exploited zero-day vulnerabilities, including a critical issue in Outlook that Russian threat actor APT28 has used to target European companies. The vulnerability can be exploited before a user views the email in the Preview Pane.
U.S. cybersecurity officials on Thursday issued an alert about a 4-year-old software vulnerability that has been exploited by hackers, including one APT group, in a federal civilian agency. Users are advised to immediately apply the software patch to the Progress Telerik UI for ASP.NET AJAX.
U.S. and German police seized darknet cryptocurrency anonymizing service ChipMixer, which federal prosecutors say cybercriminals used to launder $3 billion including proceeds from ransomware extortion and North Korean cryptocurrency hacking. Among its alleged customers: LockBit and the Russian GRU.
Rapid7 has purchased a ransomware prevention vendor founded by a former Israel Defense Forces captain to strengthen its managed detection and response muscle. The Minerva Labs purchase will allow Rapid7 to deliver advanced ransomware prevention across cloud resources and traditional infrastructure.
MKS Instruments expects a $200 million revenue hit from February's ransomware attack after the hack removed the company's ability to process orders or ship products. The Feb. 3 ransomware attack required the company to temporarily suspend operations at some MKS Instruments facilities.
In the latest "Proof of Concept" panel discussion, two Capitol Hill observers at Venable, Grant Schneider and Jeremy Grant, join Information Security Media Group editors to break down the Biden administration's new U.S. national cybersecurity strategy and answer the question, "Is it really viable?"
Threat actors who mine digital assets using other people's infrastructure have found a lucrative new cryptocurrency to motivate their hacking: the privacy-focused currency named Dero. CrowdStrike says it discovered a first - a Dero cryptojacking operation operating on a Kubernetes cluster.
Cybercriminals have been launching attacks against our people, networks, and services for decades with varying success. So, the need to realign our defences to meet the demands of evolving threats is nothing new.
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