Attackers this week locked up the business of London-based ION Cleared Derivatives, a software firm that supports derivatives trading, forcing major European banks to process trades manually and prompting a major futures exchange to delay the settlement of trades for two hours.
North Korean hackers stole $1.7 billion in cryptocurrency during 2022, most of it from decentralized finance platforms, Chainalysis finds. North Korean hackers are "systematic and sophisticated" in hacking and laundering stolen funds, and the nation supports cryptocurrency-enabled crime.
Illumio has extended its segmentation capabilities from servers and workloads to endpoints to minimize damage in the event of a ransomware attack, CEO Andrew Rubin says. The Silicon Valley-based company can now stop the spread of breaches and ransomware inside servers, cloud workloads and endpoints.
Premiums for cyber insurance have climbed sharply along with global rates of ransomware. But signs of increased competition and capital inflows suggest the cyber insurance market may be softening, Marsh executive Sarah Stephens told a U.K. parliamentary committee.
Cybercriminals exploited the verification process for Microsoft-certified authentication apps to obtain access to the inboxes of financial and marketing companies. Among the permissions threat actors sought were access to emails and calendars, says cybersecurity firm Proofpoint.
The Identity Theft Resource Center's 2022 Annual Data Breach Report reveals a near-record number of compromises - the second-highest number in 17 years. ITRC COO James Lee worries that a sudden lack of transparency in breach notices is creating more risk for consumers.
Security researchers say they found the Russian intelligence-linked Sandworm threat actor deploying a novel disk wiper against an energy sector company located in Ukraine. Data wipers have played a key role in Russia's hacking campaign against Ukraine.
Government authorities and industry groups are warning the healthcare sector of ongoing distributed denial-of-service attacks on hospitals and other medical entities by Russian nuisance hacking group KillNet, whose name comes from a tool used to launch DDoS attacks.
Ukraine traced a cyberattack that delayed a press briefing by the nation's information protection agency Tuesday to Russian Sandworm hackers. The group, which is accused of using wiper malware to disrupt the Ukrainian national Media Center, has close ties to the Russian GRU, investigators say.
A pro-Kremlin hacking group with a history of launching distributed denial-of-service attacks took its annoyance tactics to Germany following Berlin's announcement that it will ship Leopard 2 battle tanks to Ukraine's front lines. A German government spokesperson said the attacks had minimal effect.
In the latest weekly update, four ISMG editors discuss why it pays off to have well-practiced incident response plans, whether ChatGPT is a blessing or a curse for penetration testers and bug bounty hunters, and how Microsoft has reason to be cheerful as security sales hit $20 billion.
As ransomware continues to pummel numerous sectors, and lately especially the manufacturing industry, how does any given organization end up becoming a target or victim? Cybercrime watchers say the answer involves initial access brokers, botnets, targets of opportunity and, above all, profit.
Russian and Iranian state-sponsored hackers are using advanced social engineering tactics to target journalists, defense organizations and academic and civil society organizations in the U.K. for cyberespionage campaigns, the British National Cyber Security Center warns.
Two hacking breaches - one at a non-profit provider of foster care, mental health and substance treatment services, and the other at a provider of behavioral health services - have affected sensitive information of nearly 400,000 individuals.
Meta's popular social media platforms are increasingly being targeted by cybercriminals, and account takeover complaints rose over 1,000% last year. This social threat is spilling over into banks and government agencies, and experts criticize Meta for moving too slowly to address security issues.