The FBI is issuing an alert over an ongoing ransomware campaign known as “Medusa” that’s hit hundreds of victims. Medusa is a type of malicious software first discovered in 2021 that encrypts its victims’ files before demanding a ransom in exchange for a decryption key. Medusa actors typically gain initial access through deceptive phishing emails […]
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A Lockbit ransomware developer has been extradited to the U.S., admitting to coding and consulting for the cybercriminal group, which paid him in cryptocurrency. Lockbit Ransomware Developer Extradited to US in Global Crackdown The U.S. Department of Justice (DOJ) announced on March 14 that Rostislav Panev, a dual Russian and Israeli citizen, has been extradited […]
The UK government has unveiled groundbreaking proposals to combat ransomware attacks, focusing on safeguarding critical infrastructure such as hospitals, public services, and transportation networks. These measures aim to diminish the financial appeal of ransomware by banning all public sector entities, including the NHS and local councils, from making ransom payments. This ban extends current restrictions […]
Crimeware-as-a-service fuels cybercrime in crypto. Explore its impact, tactics used and key steps to safeguard your wallets and transactions.
Crimeware-as-a-service (CaaS) involves experienced criminals selling their tools and services to less experienced offenders for a price. This model resembles software-as-a-service (SaaS), where the provider gives access to the software to the subscriber. In the case of crimeware-as-a-service, the SaaS model has reshaped itself in the context of cybercrime.
In the early days of cybercrime, cybercriminals mostly worked alone or in small groups, playing with technology and trying to sneak into people’s bank accounts or emails for personal gains and fun. Criminals generally used email to send viruses and commit scams.
A South Carolina credit union says 240,000 customers have been exposed in an apparent cyberattack. SRP Federal Credit Union, one of the largest in the state with over $1.6 billion in assets as of 2022, filed breach notifications with regulators in Maine and Texas on December 13th, The Record reports. A law enforcement investigation discovered […]
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A Russian ransomware kingpin extradited from South Korea to the U.S. faces charges for orchestrating the $16 million Phobos malware targeting global critical infrastructure. Justice Catches Up: The Fall of a Ransomware Kingpin The U.S. Department of Justice (DOJ) announced Monday that Evgenii Ptitsyn, a 42-year-old Russian national, has been extradited from South Korea to […]
Transak, a cryptocurrency on/off-ramp service, confirmed on Oct. 21 that experienced a data breach affecting 1.14% of its users. A ransomware group claimed to have obtained sensitive data but Transak confirmed only limited information was accessed. The company said it is taking steps to address the incident and has contacted affected users and relevant authorities. […]
One of the largest internet service providers in the US says hundreds of thousands of customers’ social security numbers have been exposed. A new data breach notice at the Office of the Maine Attorney General shows a total of 237,703 customers at Comcast have had their names, addresses, social security numbers and birthdates exposed. In […]
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The US Department of Homeland Security reported that it has disrupted hundreds of ransom attacks since its formation in 2021.
United States Department of Homeland Security investigators say they’ve thwarted hundreds of ransomware cyberattacks, often before they occurred, and have seized billions of extorted crypto since 2021.
US agencies were the top targets, accounting for 21% of the disrupted hacks, more than any business sector, Mike Prado, the deputy assistant director of the Homeland Security Investigations (HSI) Cyber Crimes Center, told Bloomberg in an Oct. 4 report.
The division has disrupted 537 ransomware attacks since it was formed in 2021 and has traced and seized $4.3 billion worth of crypto from exchanges and hackers’ devices that had been stolen through extortion payments.
Europol and multiple countries have taken a significant step against the notorious Lockbit ransomware group with four key arrests and international sanctions. A collaborative effort between France, the UK, and Spain led to the detainment of critical individuals, including a developer and a hosting administrator. The operation is part of a larger international crackdown known […]