US sanctions Chinese firm for hacking firewalls in ransomware attacks; $10 million reward for information
The U.S. Treasury Department has sanctioned Chinese cybersecurity company Sichuan Silence and one of its employees for their involvement in a series of Ragnarok ransomware attacks targeting U.S. critical infrastructure companies and many other victims worldwide in April 2020. BleepingComputer reports: According to the Department’s Office of Foreign Assets Control (OFAC), Sichuan Silence is a […]

Vodka maker Stoli Group files for bankruptcy protection in U.S., cyberattack contributing to woes
CBS reports that the owner of Stoli brand vodka and Kentucky Owl bourbon has filed for Chapter 11 bankruptcy protection. Stoli Group (USA) “is experiencing financial difficulties,” according to the court filing. The firm claims it has assets estimated between $100 million and $500 million, and liabilities between $50 million and $100 million. The company’s […]