Sodinokibi/REvil appears to be making millions since it seized the ransomware-as-a-service mantle from GandCrab earlier this year. Security firm McAfee says up to 40 percent of every victim's ransom payment - average: $4,000 - gets remitted to the Sodinokibi actor, with "affiliates" keeping the rest.
Law enforcement success inevitably sparks criminals to become more innovative, including shifting from centralized markets - such as Hansa and Wall Street Market - to encrypted and distributed marketplaces, says the University of Surrey's Alan Woodward.
Nation-state attackers have been targeting known flaws that customers have yet to patch in their Pulse Secure, Palo Alto and Fortinet VPN servers, Britain's National Cyber Security Center warns, adding that any organization that didn't immediately apply patches should review logs for signs of hacking.
Banking Trojans and cryptocurrency mining malware continue to be among the most-seen types of malicious code used for nontargeted attacks. But cybercrime attackers are increasingly running targeted campaigns, security researchers warn.
The latest edition of the ISMG Security Report analyzes concerns about the use of Huawei equipment by U.S. telecommunications firms. Also featured: A Huawei executive discusses 5G security, plus an update on an Australian ransomware attack.
The U.S. imposed fresh sanctions on a close ally of Russian President Vladimir Putin and six employees of a notorious propaganda agency, who have all been accused of using social media to try and influence the 2018 midterm elections. The U.S. government hopes the sanctions will deter further attempts.
"Cyberattacks are one of the unfortunate realities of doing business today," reads gaming company Zynga's data breach notification, thus breaking the first rule of crisis management: Own your mistakes. Hacker Gnosticplayers claims the company was still storing passwords using outdated SHA1.
The city of Baltimore's ransomware outbreak - $18 million in costs and counting - led to many crypto-locked files being lost forever, because no IT policy mandated centralized file backups. But effective IT solutions exist to help solve this challenge, provided they're deployed in advance of an attack.
Did the gang behind GandCrab fake its retirement? Security experts say there's mounting evidence that the operators of the notorious ransomware-as-a-service operation only announced their retirement after ramping up the rival Sodinokibi/REvil service.
Russian national Andrei Tyurin pleaded guilty to perpetrating massive hack attacks against leading U.S. financial services firms and others from 2012 to mid-2015. Victims included JPMorgan Chase, from which he stole details of 83 million customer accounts.
Russian national Andrei Tyurin, who was extradited last year from Eastern Europe to the United States, has stated that he plans to accept a plea deal he's reached with federal prosecutors. Tyurin has been charged with numerous crimes, including hacking JPMorgan Chase and stealing 83 million customer records.
A hacker group called Tortoiseshell has been hitting targets in the Middle East since at least July 2018, apparently targeting IT service providers to gain access to many potential targets at once. The campaign is fresh proof that criminals and nation-state attackers alike continue to favor supply chain attacks.
The Canadian government has arrested a senior intelligence official on charges of working as a mole. He was reportedly unmasked after investigators found someone had pitched stolen secrets to the CEO of Phantom Secure, a secure smartphone service marketed to criminals that authorities shuttered last year.
As part of the U.S. government's continuing efforts to highlight the North Korean government's cyberattacks, the U.S. Treasury Department has sanctioned three alleged North Korean hacking groups that have been blamed for the WannaCry ransomware, online bank heists and destructive malware attacks.