Authorities have accused Serbia-based scammers of capitalizing on the "initial coin offering" bubble that began in 2017, bilking global cryptocurrency investors out of $70 million via Bitcoiin2Gen and other supposed coins and hiring actor Steven Seagal to endorse them.
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.
Darknet markets just had their best year ever, led by Hydra, which accounted for 75% of the $1.7 billion in 2020 revenue such markets generated, Chainalysis reports. One key to Hydra's success is the Russian-language marketplace's constant innovation.
Hackers who infiltrated government and business networks via a stealthy backdoor added to SolarWinds' Orion software appear to have focused on only the most high-value targets, leading to about 50 organizations being "genuinely impacted," says FireEye CEO Kevin Mandia.
Because 2020 wasn't already exciting enough, now we have to worry about being hunted by adversaries wielding FireEye's penetration testing tools, thanks to the company having suffered a big, bad breach. Here's a list of targeted flaws that every organization should ensure they've patched.
Networks are fundamentally changing as a result of data being used across cloud environments. So security must be built into networks to improve mitigation of cyberthreats, says Nick Savvides, senior director of strategic business, APAC, at Forcepoint.
CISA is warning about a possible password leak that could affect vulnerable Fortinet VPNs and lead to further exploitation. The latest agency notice comes just days after hackers began publishing what they claim are leaked passwords on underground forums, according to researchers.
Adopting a "security by design" approach and weaving it into the digital transformation road map helps organizations defend against cyberthreats, says Reem AlShammari, CISO at Kuwait Oil Co., who also advocates threat information sharing.
So far, much of the discussion about 5G security has focused on avoiding the use of technology from Chinese manufacturers, including Huawei and ZTE. But security experts are increasingly concerned that 5G network and device providers rushing products to market aren't devoting enough attention to security.
As ransomware continues to slam organizations, a lively debate has ensued about whether ransom payments should be banned in all cases. Attempting to ban ransom payments, however, likely would only make the problem worse.
Cybercrime wouldn't exist as we know it today without there being a multitude of technologies and services that criminals have been able to turn to their advantage, and cryptocurrency is one of the prime examples, especially when it comes to ransomware, darknet markets and money laundering.
Plaintiffs in the patent infringement case Centripetal Networks v. Cisco Networks won the day thanks to clear testimony and using Cisco's own technical documents in unaltered form. By contrast, the judge slammed Cisco for offering disagreeing witnesses and attempting to focus on old, irrelevant technology.
Why did Cisco, one of the world's largest and most successful networking companies, have to pay more than $2.6 billion in damages? A judge found that it infringed on four patents held by network security firm Centripetal Networks.
Ransomware has emerged as the No. 1 online threat targeting public and private organizations this year. Seeking maximum returns, more gangs have moved beyond opportunistic attacks to target organizations with "post-intrusion ransomware." Meanwhile, many victims fail to report such crimes to police.
In this year of accelerated transformation, many enterprises have adopted and adapted to software-defined networking. Daniel Schrader of Fortinet and Daniel Cooke of Vandis discuss how they have partnered to empower networking transformation.
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