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Driven by the profits to be achieved via ransomware, most botnet operators have dropped banking Trojans in favor of supporting and running crypto-locking malware attacks, according to security experts who spoke Wednesday at cybersecurity firm Group-IB's CyberCrimeCon 2020 virtual conference.
The FBI has sent out a private industry alert warning about an increase in attacks using Ragnar Locker ransomware. The operators behind this crypto-locking malware have recently targeted companies that include EDP, Campari and Capcom, researchers note.
The Home Depot reached a $17.5 million settlement of a multistate lawsuit stemming from a 2014 data breach that compromised the payment card data of 40 million customers. The company will also implement new security procedures as part of the agreement.
The gang operating Trickbot is continuing its activities despite recent takedown efforts, rolling out two updates that make the malware more difficult to kill, according to the security firm Bitdefender.
In the continuing effort to counter rising cyberthreats, India will roll out the latest version of its proposed Data Protection Bill by early 2021, says Lt. Gen. (Ret.) Rajesh Pant, the national cybersecurity coordinator at the Prime Minister's Office.
For at least a month, Instagram leaked the email addresses of minors, which occurred as Ireland's Data Protection Commission probed whether its parent company, Facebook, failed to protect children's personal data. Facebook has fixed the issue. But how carefully is the company protecting personal data?
A Chinese advanced persistent threat group has recently begun ramping up its activities with a new phishing campaign leveraging updated malware that's targeting diplomatic missions around the world to collect data and monitor communications, according to Proofpoint.
Companies should establish clear policies for how employees can report signs of accounts payable fraud, says Peter Goldmann, president of FraudAware, which provides antifraud training.
President-elect Joe Biden on Monday announced that two former Obama-era officials are his nominees to head the U.S. Department of Homeland Security and the Office of Director of National Intelligence.
Ransomware continues to pummel many types of organizations, recently including South Korea's E-Land retail group, French newspaper Paris-Normandie and a Georgia county school system. A ransomware hit against hosting giant Managed.com has resulted in ongoing site outages for numerous others.
Adopting a "security by design" approach and weaving it into the digital transformation road map helps organizations defend against cyberthreats, says Reem AlShammari, CISO at Kuwait Oil Co., who also advocates threat information sharing.
Last week, fraudsters targeted two cryptocurrency platforms by accessing domains managed by GoDaddy, according to notices published by the victimized firms. The domain register company previously has had issues with unauthorized access.
The operators behind the Qbot banking Trojan are now deploying a recently uncovered ransomware variant called Egregor to target organizations across the world, according to researchers at Group-IB.
A Florida man has been sentenced to 37 months in prison after pleading guilty to a federal laundering money charge stemming from a $9 million business account takeover scheme, according to the Justice Department.
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