Tag Archives: ransomware

Lincoln College says it will close this week in the wake of a attack that took months to resolve. While the impact of severely impacted activities such as recruitment and fundraising, the cyberattack seems to have been the tipping point for the Illinois institution. The college has informed the Illinois Department of Higher Education and Higher Learning Commission that it will permanently close as of May 13th. As notes, it’s the first US college or university to shut down in part because… Source link

Willis Towers Watson Public Limited Company Cyber-attacks and data loss the top risks in latest Directors Liability Survey LONDON, April 21, 2022 (GLOBE NEWSWIRE) — Cyber-attacks and data loss are the top risks facing Directors & Officers, with cyber extortion and the growth of ransomware attacks a leading concern, says a global Directors Liability 2022 survey from WTW (NASDAQ: WTW) and Clyde & Co, a leading global law firm. The survey identifies the key risks for Directors across the globe… Source link

Ransomware attacks on the supply chain are undermining national security, according to a U.S. Customs and Border Protection intelligence bulletin obtained by Yahoo News, and will cause further congestion at ports of entry and delays in shipping nationwide. Hackers and ransomware groups are targeting American logistics and shipping companies, the bulletin states, and the ongoing attacks threaten to cripple the already strained supply chain, limiting customs enforcement capabilities and… Source link

The Biden administration is taking action to safeguard against ransomware attacks by penalizing cryptocurrency exchanges that help facilitate illegal attacks, while also laying out guidelines for companies to safeguard against said attacks. In its strongest actions to date, the U.S. Treasury will impose sanctions on Suex – a virtual currency exchange that has fronted transactions involving illegal profits for at least eight different ransomware attacks. Analysis of known SUEX transactions… Source link

Jen Easterly, nominee to be the Director of the Homeland Security Cybersecurity and Infrastructure Security Agency, testifies during her confirmation hearing before the Senate Homeland Security and Governmental Affairs Committee on June 10, 2021 in Washington, DC. Kevin Dietsch | Getty Images Amazon, Google and Microsoft are among several tech companies that have agreed to join a government effort to fight ransomware as cyber attacks have become regular threats to U.S. organizations. The… Source link

Amid the growing geopolitical threat of ransomware, crypto has become a stalking horse. Following a slew of high-profile exploits, there have been calls to ban or surveil blockchain networks, with the thinking that bitcoin catalyzes cybercrime.  The risks of ransomware are real: Any organization that relies on computers may be vulnerable to digital extortion. The threat isn’t always clear: Malware can be developed or deployed by individuals, state-backed groups or hacking collectives. And… Source link

Ransomware cyberattacks have skyrocketed, and no part of the economy is safe. From infrastructure companies like Colonial Pipeline to meat producers like JBS to a huge attack linked to Russia just over the Fourth of July weekend, the attacks have escalated. According to George Kurtz, CEO of cybersecurity firm CrowdStrike (CRWD), the company is seeing a “massive” increase in ransomware attacks. And they’re targeting everything from private businesses to government entities. “Ransomware… Source link

Associated Press Scale, details of massive Kaseya ransomware attack emerge Cybersecurity teams worked feverishly Sunday to stem the impact of the single biggest global ransomware attack on record, with some details emerging about how the Russia-linked gang responsible breached the company whose software was the conduit. An affiliate of the notorious REvil gang, best known for extorting $11 million from the meat-processor JBS after a Memorial Day attack, infected thousands of victims in at… Source link

(Bloomberg) — Just weeks after President Joe Biden implored Vladimir Putin to curb cyber crime, a notorious, Russia-linked ransomware gang has been accused of pulling off an audacious attack on the global software supply chain. REvil, the group blamed for the May 30 ransomware attack of meatpacking giant JBS SA, is believed to be behind hacks on at least 20 managed-service providers, which provide IT services to small- and medium-sized businesses. More than 1,000 businesses have already been… Source link

Last month’s oil pipeline ransomware incident that spurred fuel shortages/hoarding and a $4.4 payout to the attackers has apparently been traced back to an unused but still active VPN login. Mandiant exec Charles Carmakal told Bloomberg that their analysis of the attack found that the suspicious activity on Colonial Pipeline’s network started April 29th. While they couldn’t confirm exactly how the attackers got the login, there apparently isn’t any evidence of phishing techniques,… Source link