With only 10 EU member states having blocked or restricted high-risk suppliers Huawei and ZTE from their 5G networks, EU Internal Market Commissioner Thierry Breton is urging holdouts to speed up, warning that the entire bloc faces increased cybersecurity and supply chain risks until they do so.
Ransomware actors are using the thing that verifies crypto transactions - mining - to their advantage. More criminals are laundering their ill-gotten gains by re-minting the digital money through mining to sanitize funds and bypass controls imposed by more highly regulated financial institutions.
A Russian government-linked threat group is using USB drives to spread a custom backdoor in a possible bid to reach air-gapped machines, said security researchers. The Security Service of Ukraine has identified the group, which it tracks as Armageddon, as a unit of the Russian FSB.
C5 Capital extended struggling threat detection firm IronNet a financial lifeline contingent on retired four-star Gen. Keith Alexander stepping down as CEO of the company he founded. The venture capital firm will inject $51 million if IronNet hires ex-Houghton Mifflin Harcourt CEO Linda Zecher.
Cybercriminals are increasingly preying on small hospitals, often in rural communities, knowing that security defenses at these facilities are often much weaker than those at larger institutions, said Kate Pierce, a former longtime CIO and CISO at a 25-bed community hospital in Vermont.
The potential for cybercriminals to reverse-engineer generative AI tools, the rise of geopolitical threats and increased cloud complexity are among the top new threats facing security teams in 2023, according to Forrester's Top Cybersecurity Threats In 2023 report.
In the latest weekly update, ISMG editors discuss how cyber risk is becoming more closely tied to the economic health of nations, why a rural U.S. healthcare provider is closing due in part to ransomware attack woes, and why some cybersecurity companies have laid off staff this month.
Every week, ISMG rounds up cybersecurity incidents in the world of digital assets. This week, Atomic Wallet, FPG, Sturdy Finance and Hashflow suffered hacks involving millions of dollars, hackers phished followers of popular Twitter accounts and an Australian bank wanted to limit crypto use.
This week, the list of MOVEit victims grew and now includes the U.S. government. Also, CISA and its global peers crowned LockBit the world's top ransomware threat, North Korean hackers copied a popular South Korean web portal, and an impersonation campaign used SEO techniques to target top brands.
Federal officials charged a Russian national with carrying out at least four LockBit attacks against businesses in the United States, Asia, Europe and Africa. The Justice Department said Ruslan Magomedovich Astamirov, 20, of Chechnya, deployed ransomware between August 2020 and March 2023.
A commercial real estate company that operates more than a dozen addiction recovery centers and other medical facilities in several states is notifying 319,500 employees and patients of a recent ransomware incident that compromised their personal and health information.
Federal regulators have hit Washington state-based Yakima Valley Memorial Hospital with a $240,000 HIPAA fine and correction action plan following a 2018 breach involving 23 hospital security guards who snooped into the electronic medical records of 419 patients.
European lawmakers on Thursday denounced the commercial spyware industry and chastised half a dozen member nations for deploying spyware against citizens or selling it abroad. "Spyware is part of the toolkit of authoritarians who undermine democracies," said Dutch MP Sophie in 't Veld.
As countries across the globe adopted real-time payments at breakneck speed over the past year, experts said authorized push payments fraud sharply increased. APP scams nearly doubled year-over-year compared to other types of fraud. ACI Worldwide's Jackie Barwell shared fraud trends in a new report.
Chinese hackers in a state-run operation compromised hundreds of organizations through a zero-day vulnerability in a popular email security appliance, warns cyber threat intelligence firm Mandiant. Hackers used a zero-day vulnerability in Barracuda Networks Email Security Gateway appliances.
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