It's been a year since Beijing imposed regulations requiring disclosure to authorities of vulnerabilities - a period that correlated with an uptick in zero-day exploitation by Chinese state-backed hackers, says computing giant Microsoft. China is likely stockpiling and weaponizing the disclosures.
Malware activity has increased 28% since last year, and botnet and exploit activity are up over 100%, according to CyberTheory's 2022 Third Quarter Review. CyberTheory Director Steve King says "a new approach to cybersecurity defense" is needed to fight today's cybercrime.
Federal agents seized more than 50,000 in bitcoin stolen from Silk Road a decade ago by a man who until recently owned a Tennessee real estate development firm. James Zhong, 32, pleaded guilty Friday to one count of wire fraud while prosecutors seek to formally claim the cryptocurrency.
A Georgia-based home health and hospice provider will pay $425,000 to Massachusetts to settle litigation stemming from a 2020 breach affecting about 166,000 individuals nationwide. The agreement comes shortly after Aveanna Healthcare settled a proposed class action lawsuit in federal district court.
The British data watchdog says the U.K. Department for Education shouldn't have allowed a private company to use student records to check whether new users of gambling apps were underage. A departmental spokesperson said it will ensure such misuse of the database doesn't reoccur.
Cybersecurity basics are still an overlooked ransomware defense, Lindy Cameron, CEO of the National Cyber Security Center, told the CyberScotland Summit in Scotland. "We still think that 90% of incidents in the U.K. could have been prevented if people had followed the basics," she said.
Embattled Australian private health insurer Medibank says it won't pay hackers' extortion demand, saying it can't trust cybercriminals to delete personal data. A ransomware gang claiming affiliation with REvil is threatening to publish the data, which Medibank says affects 9.7 million individuals.
Cybercrime syndicate Robin Banks is back with a new cookie-stealing feature that cybercriminals can purchase as an add-on to the phishing kit in order to bypass multi-factor authentication in attacks and to attract more sophisticated, persistent actors set on compromising specific targets.
A hack of an Australian legal aid group this week may have exposed the personal information of domestic violence, sexual assault victims and other vulnerable people around the nation’s capital. Legal Aid ACT says systems are disrupted and an investigation will find out if data was stolen.
Distribution of airspace safety notices are affected by a cyber incident at Boeing subsidiary Jeppesen, the nature of which the company won't disclose. "At this time we have no reason to believe that this incident poses a threat to aircraft or flight safety," a company spokesperson said.
A hacking incident at a New York-based administrative management services firm has so far resulted in 20 anesthesiology practices reporting to federal and state regulators breaches affecting a total of about 430,000 individuals.
Ransomware-as-a-service group LockBit is threatening the release of data it says it stole from German auto parts maker Continental. The company in August acknowledged an incident involving its IT systems, but didn't respond Friday with additional information.
In the latest weekly update, ISMG editors share how amateur tactics employed by ransomware gangs are leading fewer victims to pay ransoms, why traditional identity controls can't protect against the growing authorized payment scams, and highlights from ISMG's Crypto and Payments Summit.
SolarWinds, maker of network management software famously hacked by the Russian government, may be the subject of an investigation by the U.S. Securities and Exchange Commission after staff made a preliminary determination in its favor. The company says it will contest the staff recommendation.
A surging Fortinet and Check Point have joined perennial stalwart Palo Alto atop the firewall Forrester Wave while Cisco slipped to the strong performers category. The leaderboard now belongs solely to pure-play cybersecurity vendors, with all three having at least 15 years of firewall experience.
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