The U.S. Department of Justice unsealed its first insider trading case involving cryptocurrency markets, marking an escalation of traditional oversight. The case comes as a federal jury convicted a New York man for defrauding investors who bought into his supposed cryptocurrency.
Three ISMG editors discuss important cybersecurity issues, including the sharp rise in Maui ransomware attacks, how the FBI seized cryptocurrency ransom payments worth $500,000 from North Korean attackers and advice for CISOs navigating the great zero trust debate.
Two recent data breach lawsuit settlements by healthcare organizations underscore mounting liability risk stemming from a growing number of lawsuits. Missouri-based BJC Healthcare has agreed to pay up to $2.7 million to settle while Indiana-based Methodist Hospitals is on the hook for $425,000.
Premint NFT platform users became victims last weejend of one of the biggest NFT attacks ever. The company says an open-source vulnerability led to the compromise of its website, resulting in its users losing about $500,000 worth of blockchain assets.
U.S. Cyber Command and Security Service of Ukraine revealed malware indicators recently detected in Ukraine, which is resisting invasion by Russia. Cybersecurity firm Mandiant, which has ties to the U.S. military, published a detailed analysis of phishing campaigns with links to Belarus and Russia.
The best protection against a ransomware attack is a very good backup policy, says Krishna Sastry Pendyala, partner, cybersecurity, at Ernst & Young. He discusses ransomware trends in Asia, how CISOs view the question of whether to pay a ransom, and where cyber insurance fits in.
The latest edition of the ISMG Security Report asks: Whatever happened to Russia's cyberwar against Ukraine? It also looks at the curious case of a cardiologist who's been accused of moonlighting as a developer of such notorious strains of ransomware as Thanos and Jigsaw.
Ohio's top elections official plugged bug bounties as one way of ensuring the integrity of American elections. Secretary of State Frank LaRose, a Republican, told a congressional panel that Ohio was the first U.S. state to implement a vulnerability disclosure policy for its election systems.
The DOJ extradited from Colombia 37-year-old Mihai Ionut Paunescu, who faces criminal charges for allegedly running a "bulletproof" hosting service that helped cybercriminals launch malware attacks. He is set to undergo trial for conspiracy to commit computer intrusion, bank fraud and wire fraud.
What happened to the Russian cyber war? It was almost a universal prediction: Cyberattacks against Ukrainian digital infrastructure would help invaders seize control. But Kyiv has managed to resist such efforts. Here are nearly a dozen lessons learned so far from the war's cyber operations.
The U.S. Justice Department clawed back $500,000 from North Korean-government-sponsored cyberattackers who launched Maui ransomware assaults on the U.S. healthcare sector. Healthcare ransomware attacks have soared over the past two years, and the sector is among those most likely to pay a ransom.
A $2 billion fund to root out equipment from Chinese manufacturers Huawei and ZTE operating within small and rural U.S. telecoms isn't enough to cover costs, the Federal Communications Commission informed Congress. The program's full cost is closer to $5 billion, wrote FCC Chair Jessica Rosenworcel.
Hackers used a vulnerability in NFT collection platform Premint to steal more than 300 blockchain entries, netting more than $421,000 in stolen proceeds, all has been deposited into Torando Cash. The incident is among the largest NFT thefts this year. Some Premint users also saw a Rickroll.
The Albanian government says a cyberattack forced the national e-services portal offline. The office of Prime Minister Edi Rama says the attack is similar to those seen in Ukraine and other European countries where there has been an uptick in cyberattacks following Russia's invasion of Ukraine.
Venable's Grant Schneider and Jeremy Grant and ISMG editors discuss progress at the U.S. federal level in developing legislation for digital identity, the significance of an 18% increase in funding for CISA in fiscal year 2023 and the challenges of expanding the use of software bills of materials.
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