Cryptocurrency Fraud , Fraud Management & Cybercrime , Ransomware

ISMG Editors: Ransomware Groups Aiming for Smaller Targets

Also: BEC Attack Headaches and Inside the Nomad Bridge Hack
Clockwise, from top left: Anna Delaney, Tom Field, Mathew Schwartz and Rashmi Ramesh

In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity and privacy issues, including key takeaways from ISMG's recent Government Summit, how hackers siphoned nearly $200 million from cryptocurrency bridge Nomad and how midsized businesses are the new frontier for ransomware demands.

See Also: Webinar | 2023 OT Cybersecurity Year in Review: Lessons Learned from the Frontlines

The panelists - Anna Delaney, director, productions; Tom Field, vice president, editorial; Mathew Schwartz, executive editor, DataBreachToday & Europe; and Rashmi Ramesh, senior subeditor, global news desk - discuss:

  • Highlights from ISMG's recent Government Summit;
  • How dozens of hackers converged on trading platform Nomad to drain nearly $200 million in digital assets held by the U.S. cryptocurrency firm in an attack described by an observer as a "frenzied free-for-all";
  • How ransomware groups are moving away from targeting larger enterprises and instead attacking midsize and smaller organizations.

The ISMG Editors' Panel runs weekly. Don't miss our previous installments, including the July 22 edition discussing how the FBI clawed back cryptocurrency ransoms paid to North Koreans and the July 29 Privacy Special edition with Lisa Sotto.

About the Author

Anna Delaney

Anna Delaney

Director, ISMG Productions

An experienced broadcast journalist, Delaney conducts interviews with senior cybersecurity leaders around the world. Previously, she was editor-in-chief of the website for The European Information Security Summit, or TEISS. Earlier, she worked at Levant TV and Resonance FM and served as a researcher at the BBC and ITV in their documentary and factual TV departments.

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