BlackMatter ransomware gang rose to prominence in the criminal underworld this summer after competitors such as DarkSide and REvil fell by the wayside. The upstart group now appears to have suffered the same fate.
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.
New quantitative study exposed what some risk managers and compliance executives have suspected: Vendors are not complying with corporate insurance requirements, representing a significant risk for their clients and partners.
There is reason to be optimistic about the future of cyber security. In today’s world, there is always a “weak link” in the chain that hackers can exploit. In a blockchain world, there are no longer any weak links and every action taken on the blockchain is part of a completely verifiable and trackable digital ledger.
There is an obvious problem with how we approach cyber security. But blockchain may enable a single marketplace of enterprises, consumers, vendors and geographically-diverse security experts to help revise the hiring model, make cyber security more efficient, and decrease the impact of malicious attacks globally.
Given the severity of losses and criminal activity within the coupon sector, stakeholders used blockchain technology to establish a Universal Digital Coupon for the retail industry to enhance coupon security and reduce financial fraud.
Blockchain can bring the world to a common consensus of “what exactly happened” when it comes to threat intelligence, reducing confusion and complication, and promoting trust in the information.
There's a need to go beyond simply enhancing cookie consent. Businesses must be able to observe, monitor, and control the browser-related aspects of website engagement that they do not control now. The new endpoint is that.
Blood donation service OneBlood has confirmed that the July 2024 ransomware attack claimed by the Russian RansomHub cybercrime group resulted in personal data breach.
LabMD may have won an appeals case against the FTC, arguing that regulations regarding their cyber security practices were too vague to allow for prosecution, but every organization needs to be warned that the FTC could be coming for you next.
A ransomware attack on supply chain software firm Blue Yonder in turn hit a number of big names in food and retail with business disruptions, Starbucks and Walgreens among them. The software is widely used by a range of Fortune 500 companies.










