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The Biden administration will require the nation’s pipeline companies to report to the government any time they are hit with a significant cyberattack, and to create 24-hour emergency centers for such episodes, Alejandros N. Mayorkas, the secretary of homeland security, said Thursday morning. The move is the first of several, administration officials said Wednesday night, […]
On Friday, London-based blockchain analytics firm Elliptic said it had identified the bitcoin wallet used by DarkSide to collect ransom payments from its victims. The same day, security researchers Intel 471 said DarkSide had closed down after losing access to its servers and as its cryptocurrency wallets were emptied. DarkSide also blamed “pressure from the […]
UK Magic Circle firm Linklaters has launched a US data solutions, cyber and privacy practice in New York following the arrival of Prudential Financial’s former chief counsel for cybersecurity and privacy Erez Liebermann. Liebermann joins the firm as a partner along with ex-Prudential Financial colleague Andrew Pak, who joins as counsel. Liebermann also previously worked […]
The cyberattack that knocked offline an essential U.S. gasoline pipeline shows how the dangerous, professional-scale hack-for-ransom threat is spreading rapidly, targeting companies, schools, hospitals and other institutions. While ransomware has been a challenge for small businesses for years, a confluence of factors have emboldened attackers in the past year, culminating in the shutdown Friday of […]
The ransomware attack that forced the closure of the largest U.S. fuel pipeline this weekend showed how cybercriminals pose a far-reaching threat to the aging, vulnerable infrastructure that keeps the nation’s energy moving. Colonial Pipeline Co. closed its entire 5,500-mile conduit carrying gasoline and other fuels from the Gulf Coast to the New York metro […]
This year, Gartner – the world’s leading IT research company – came out with a prediction that upon inspection says a lot about how the highest level of corporate management views cybersecurity risk. It wasn’t that this has become the second-highest source of risk for the enterprise, and could become the riskiest of all. This […]