As ransomware continues to be an increasing threat to the US financial sector, businesses, and the public, the U.S. Treasury’s Crimes Enforcement Network (FInCEN) has identified six money laundering typologies related to ransomware payments: 1. Threat Actors Increasing Request Payments in AECs Ransomware-related payments are initially requested in Bitcoin, however threat actors may also ask […]
Every organization with internet-exposed workloads is vulnerable to distributed denial-of-service (DDoS) attacks, especially those who are adopting cloud services in the wake of the pandemic. Bad actors will look for ways to take applications offline. The last week of August, Microsoft observed 2.4 terabits per second (Tbps) of DDoS attacks targeting Azure customers in Europe. […]
One of the most common cyberthreats impacting IT Professionals around the world is ransomware, a malicious program made for devices to lock data from users unless they pay a ransom. At least one in five organizations have fallen victim to a cyberattack, while almost one in ten were forced to pay a ransom to recover […]
File sharing and cloud storage management provider Box announced new anti-ransomware capabilities and other new features at Boxworks 2021. Box Shield is the company’s security product that’s integrated within its platform. The latest feature expands its ability to detect and identify sophisticated malware and hard-to-detect ransomware in real-time as files are uploaded to the Box. […]
As law enforcement authorities are grappling with the rise of ransomware and cryptocurrency technologies, Deputy Attorney General Lisa O. Manac has formed a new National Cryptocurrency Enforcement Team (NCET). The team will tackle complex investigations and prosecutions of criminal misuses of cryptocurrency and investigate crimes committed by virtual currency exchanges, mixing and tumbling services, and […]
Tech giant Google is investing $1 billion for startup companies in Africa over the next five years and putting a subsea fiber optic cable to help the continent undergo digital transformation. As part of Google’s Black Founders Fund, 50 African startups will receive mentoring, funding and Google platform credits. In partnership with Kiva, the duo […]
A faulty configuration change led Facebook, Instagram and WhatsApp to all go down for at least six hours on Monday, October 4. Those trying to reach the social media platforms were met with browsers and apps displaying DNS errors on connection attempts. The routing prefixes suddenly disappeared from the internet’s border gateway protocol (BGP), a […]
Luxury retailer Niemen Marcus Group (NMG) learned an unauthorized party obtained personal information associated to certain Neimen Marcus’ online accounts in May of 2020. NMG is notifying 4.6 million of its online customers about the data breach that happened last year. The company is working with cybersecurity expert, Mandiant to investigate the incident. The personal […]
Google is pushing out emergency Chrome updates after two zero-day vulnerabilities have been exploited by attackers.
Cybercriminals are continuing to abuse vulnerabilities and configuration flaws, such as Microsoft remote desktop protocol, according to ESET Threat Report.