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.
Despite the takedown of the Trickbot botnet by Microsoft and others Monday, the malware is still functioning, and its operators retain the tools needed to rebuild their malicious network, some cybsersecurity experts say. So the impact, while significant, could prove to be temporary.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
Those selling "network access" on underground forums are adjusting their business models to take advantage of the huge influx of ransomware gangs that are looking for easier and more efficient ways to gain access to their targets, Accenture reports.
Microsoft collaborated with cybersecurity companies and government agencies to take down the million-device Trickbot botnet in an effort to help protect the Nov. 3 U.S. election and stop the global spread of ransomware and other malware.
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.
Security researchers at Appgate are warning about a recently uncovered ransomware variant called Egregor that appears to have infected about a dozen organizations worldwide over the past several months. The gang behind this crypto-locking malware is threatening to release data if victims don't pay.
Among the most malicious and potentially dangerous cyber incidents affecting the healthcare, energy and other sectors are evolving "distruptionware" attacks - including ransomware - that aim to shut down businesses, says retired FBI agent Jason G. Weiss.
As Universal Health Services continues to recover from an apparent ransomware incident last weekend that affected system access for hundreds of its facilities, security experts say others can learn important lessons from the company's experience.
Blackbaud, a provider of cloud-based marketing, fundraising and customer relationship management software, now acknowledges that a ransomware attack in May could have exposed much more PII - including banking details - than the company initially believed, according to an SEC filing.
Over the last year, nation-state hackers, including those with links to the Russian government, have shifted from targeting critical infrastructure to focusing on think tanks, human rights groups and nongovernment organizations in an attempt to influence public policy, according to Microsoft.
French shipping firm CMA CGM Group is investigating what it calls a "malware" attack against its systems that has been causing disruptions. The firm is one of the largest container and shipping companies in the world.
An internet-connected coffee machine is the latest IoT device to show security problems. The security firm Avast infected the Smarter Coffee machine with ransomware that causes uncontrollable spinning of its grinder and dispensing of hot water. The only option to stop it? Unplug the machine.
With so many cybercrime markets continuing to disappear, why haven't encrypted messaging apps stepped in to fill the gap? They might seem to be the perfect solution to admins stealing buyers' and sellers' cryptocurrency - via an exit scam - or police infiltration. But encrypted apps have their own downsides.