Russian hackers have a campaign to maliciously encrypt files of Ukrainian victims. But unlike other ransomware groups, they are doing so without the possibility of offering a decryptor. Ukraine’s Computer Emergency Response Team identifies the group as UAC-0118, also known as From Russia with Love.
Bankrupt cryptocurrency exchange platform FTX says unsanctioned actors made off with customers' digital assets, causing a scramble to secure digital wallets. Estimates of the amount of stolen money are in the hundreds of millions. FTX filed for bankruptcy Friday after entering a liquidity crunch.
The shift to remote work during COVID-19 has prompted hackers to dramatically boost phishing attacks. The pandemic has led to users reading more corporate email on personal devices and opening messages while distracted by children or pets, increasing the chances they'll click on something malicious.
French defense multinational Thales confirmed that ransomware-as-a-service group LockBit published internal documents but emphasized its operations remain unaffected by the hack. The company says the source of the leak is likely a compromised user account of an online partner collaboration site.
The Cyber Police of Ukraine arrested five cybercrime gang members for their participation in a transnational scheme to fleece buyers into a supposed cryptocurrency and securities investment platform. The gang has established call centers around Europe, including three in Kyiv and Ivano-Frankivsk.
A recent ransomware attack at a Texas hospital that knocked out phone and email systems for weeks is now even worse following OakBend Medical Center's admission that the hackers downloaded data from the medical records of up to 500,000 individuals.
In the latest weekly update, ISMG editors discuss implications of the seizure of $3.36 billion in stolen bitcoin, whether the EU is complicit in the spread of advanced spyware, and the departure of the U.K.'s Dr. Ian Levy, technical director of NCSC, with some important parting words.
The Australian government says hackers from Russia are behind the attack on Medibank, the country's largest private health insurer. Prime Minister Anthony Albanese said not just hackers but "the nation where these attacks are coming from should also be held accountable."
The United Kingdom and many other countries are considering ways to make banks liable for authorized payment fraud and lift the burden from millions of victims of online scams. Trace Fooshee, strategic adviser at Aite-Novarica Group, shares his views on why this might not be such a great idea.
Police in Ontario arrested a dual Canadian-Russian national for his involvement with the LockBit ransomware-as-a-service gang. The United States is asking for the extradition of Mikhail Vasiliev, 33, to face a criminal charge in a New Jersey federal court of conspiracy to commit computer intrusion.
A U.S. federal district judge said users would be "shocked to realize" that Facebook collects patient data. Plaintiffs suing the social media giant asked the judge to enjoin the company from intercepting health data and communications through its Pixel web tracking tool embedded into patent portals.
Embattled social media platform Twitter lost its chiefs of security, privacy and compliance, and the resignations put the company and its new owner, Elon Musk, at greater risk of regulatory enforcement. The company signed a binding two-decade agreement with the U.S. Federal Trade Commission in May.
This edition of the ISMG Security Report discusses how Australian health insurer Medibank is facing stark consequences for not paying a ransom to a group of cyber extortionists, how to limit unnecessary cybersecurity exposure during M&A, and how to manage challenges in hybrid environments.
The stark consequences of ransomware became painfully clear in Australia this week as attackers began releasing data from health insurer Medibank, one of the country's largest health insurers. Also, leaked chat logs reveal how the attackers accessed Medibank's systems.
Hacktivists fighting a proxy online battle against Russia after its invasion of Ukraine claim to have dumped online a trove of files from the Central Bank of Russia. The IT Army of Ukraine also claimed to have disrupted payments processing at Moscow's Alfa Bank.
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