A recent Treasury Department statement accused sanctioned members of the ransomware gang of working with the Russian Intelligence Services and aligning with government objectives in its 2020 activities.
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
Ransomware attack campaign targeted an old (and previously patched) vulnerability in VMware servers, and that it has grown to become the largest attack of its type, compromising at least 3,200 VMware servers.
A firmware update introduced a serious Secure Boot default configuration flaw on nearly 300 MSI motherboards that could allow the execution of malware during PC startup.
The ACLU's argument points out that it is impossible to be acting in good faith if one is aware that innocent and unrelated people will be swept up in a broad dragnet by a geofence warrant issued for Google location data.
In late December last year, Mario Greco, the chief executive of insurance giant Zurich sent shockwaves through the business world when he announced that cyberattacks are set to become uninsurable. Cyber insurance providers are left with no choice but to tighten their policies, or risk going bankrupt.
The FBI confirmed that North Korea’s state-sponsored hacking group Lazarus carried out the $100 million Horizon bridge crypto theft. The agency said it successfully stopped the transfer of some stolen assets and subsequently published wallet addresses with purloined cryptocurrencies.
The UK financial regulator found that cyber insurance firms "mostly" weathered the stress test, in the sense that only a small number reported concluding the scenario with an amount of funds on hand that would put them beneath national solvency capital requirements.
Ransomware attack’s main impact to derivative trading thus far has been long delays in processing for financial firms in Europe and the United States, but operations for other ION clients have also been strongly impacted.
The automotive industry uses cryptography extensively both in external and internal communication, as well as other uses. Due to the relative rigidity of automotive products, there is an urgent need to fit the vehicles to the quantum computing era as soon as possible.
Health authorities warned that Russian hacktivists were actively targeting US hospitals with DDoS attacks in a widespread campaign also targeting other Ukraine's allies.










