When law enforcement takes down what has been described as the biggest and longest-running ransomware-as-a-service (RaaS) criminal operation, it’s big news. Yesterday, LockBit3.0’s site was replaced with a seizure notice that indicated that LockBit and its infrastructure were now under law enforcement control. In a press release this morning, the National Crime Agency (NCA) provided […]
The Record reports: The U.S. and partners around the world ousted Russian government hackers from a network of more than 1,000 home and small business routers, FBI Director Christopher Wray said on Thursday. The law enforcement action, dubbed Operation Dying Ember, has not been previously announced. “Working with U.S. and worldwide law enforcement partners we […]
The Register reports: Cybercriminals are targeting iOS users with malware that steals Face ID scans to break into and pilfer money from bank accounts – thought to be a world first. A Chinese-speaking cybercrime group, dubbed GoldFactory by Group-IB’s researchers, started distributing trojanized smartphone apps in June 2023, however, the latest GoldPickaxe version has been […]
FTC says company’s poor security allowed hacker to steal sensitive data of millions of consumers, go undetected for months South Carolina-based Blackbaud Inc. will be required to delete personal data that it doesn’t need to retain as part of a settlement with the Federal Trade Commission over charges that the company’s lax security allowed a […]
CNN reports: FBI Director Christopher Wray on Wednesday is expected to warn that Chinese hackers are preparing to “wreak havoc and cause real-world harm” to the US. “China’s hackers are positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities, if or when China decides the time has come […]
NEW YORK – New York Attorney General Letitia James today sued Citibank, N.A. (Citi) for failing to protect and refusing to reimburse victims of fraud. The lawsuit alleges that Citi does not implement strong online protections to stop unauthorized account takeovers, misleads account holders about their rights after their accounts are hacked and funds are stolen, […]
Bloomberg News reports: A former Internal Revenue Service contractor who stole and leaked the tax returns of former President Donald Trump, Ken Griffin, Elon Musk and other billionaires was sentenced to five years in prison. Charles Littlejohn, 38, pleaded guilty Oct. 12 to stealing Trump’s tax data from the IRS and leaking it to the New York Times. He also admitted taking tax […]
As 2023 drew to a close, a report by Emsisoft made the bold recommendation to impose a flat-out ban on ransom payments in the event of cyberattacks. Their suggestion has spawned a good deal of discussion, including a new report by incident response firm Coveware, who disagrees strongly with the recommendation. The following is just […]
From the law firm of Polsinelli PC: Beginning on May 13, 2024, nonbanking “financial institutions” must notify the Federal Trade Commission (“FTC”) within 30 days of discovering a data breach involving the nonpublic personal information of at least 500 consumers. These covered organizations can include a wide variety of companies that engage in financial activities […]
Ransomware criminals lie to us. Can we lie to them?
Some ransomware gangs demand millions of dollars in ransom or even tens of millions of dollars. Even smaller businesses, non-profit organizations, and public school districts have increasingly become victims of cyberattacks because they are easy targets with poor defenses against attackers. Do you want your system unlocked? Do you want your data back or deleted […]