A month after Baltimore's IT network was hit with the RobbinHood ransomware variant, officials believe the May 7 attack will cost $18 million, which includes recovering and restoring computer systems as well as lost municipal revenue.
The latest edition of the ISMG Security Report analyzes the "blame game" in the wake of a ransomware attack against the city of Baltimore. Also featured: Discussions of cyberthreats in the financial services sector and open source security concerns.
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C-level executives are 12 times more likely to be the target of social incidents and nine times more likely to be the target of social breaches. This is among the key findings of the latest Verizon's Data Breach Investigations Report. Author John Grim shares insight.
Law enforcement agencies in the U.S. and Europe have disrupted a malware attack platform called GozNym. Six suspects have been arrested in four countries and face local prosecution on fraud, money laundering or malware-writing charges. Five Russian suspects remain at large.
The latest edition of the ISMG Security Report analyzes the FBI takedown of DeepDotWeb, a dark net portal. Also featured are discussions on healthcare app security and the repercussions of poor coding security.
The bad guys are getting very creative, impersonating an executive in your organization and asking for financial reports or they ask employees in payroll to make changes to bank accounts. According to the FBI, their efforts have earned them an estimated $12 billion through Business Email Compromise also know as CEO...
A Ukrainian national is facing wire fraud and other charges stemming from his alleged involvement in a years-long malvertising scheme that infected millions of PCs around the world. Authorities allege that he created a botnet that other cybercriminals could rent out.
Russian national Anton Bogdanov has been charged with stealing more than $1.5 million from the Internal Revenue Service via a tax return fraud scheme. He was arrested last November while on vacation in Thailand, at U.S. request, and subsequently extradited.
Life after WannaCry and NotPetya: Europol, the EU's law enforcement intelligence agency, wants member states to be able to rapidly respond to the next big cyberattack against Europe. But with warnings of ongoing Russian election interference campaigns, the next big attack may already be underway.
Officials in Jackson County, Georgia, along with the FBI are investigating a ransomware attack that crippled IT systems over a two-week period and reportedly led local officials to pay a bitcoin ransom worth $400,000 to restore systems and infrastructure.
The 2018 State of the Internet / Security - Credential Stuffing Attacks report is based on more than 8.3 billion malicious login attempts that occurred on the Akamai Intelligent Edge Platform between May and June 2018. It examines the latest botnet tactics and trends - including target industries and countries, as...
The notorious carder site Joker's Stash is featuring a fresh batch of Pakistani banks' payment card data with an estimated street value of $3.5 million. Nearly all of the 70,000 bank cards are advertised as being from Meezan Bank, the country's largest Islamic bank, Group-IB reports.
A rush by some media outlets to attribute a late-2018 alleged Ryuk ransomware infection at Tribune Publishing to North Korean attackers appears to have been erroneous, as many security experts warned at the time. Rather, cybercrime gangs appear to be using Ryuk, according to researchers at McAfee and Coveware.