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Join the Cybersecurity and Incident Response Group on LinkedInCongress’ 3 Crypto Hearings Promise Substance – CoinDesk
The narrative I originally pitched this newsletter a year ago as a vehicle to discuss regulatory issues and the U.S. Congress’ approach to crypto in a more in-depth way than in a straight news article. Part of my thesis at the time was that I fully expected to see more regulatory interactions with the crypto […]
Jen Easterly: DHS cybersecurity chief confirmed amid fallout from another ransomware attack – CNNPolitics
The Senate on Monday unanimously confirmed Jen Easterly to lead the Department of Homeland Security’s cybersecurity division, a role that will be key in the administration’s cybersecurity efforts. Easterly, a two-time recipient of the Bronze Star, was nominated by President Joe Biden in April to be the second director of the Cybersecurity and Infrastructure Security […]
How a ransomware attack works – The Washington Post
“Cryptocurrency is invading all forms of criminal activities, and criminals follow the money,” said Gurvais Grigg, a former assistant director of the FBI and now global public sector chief technology officer of blockchain analysis firm Chainalysis. The transactions are also irreversible, said Rich Sanders, co-founder and lead investigator at CipherBlade, which analyzes the blockchain. “You […]
‘Shut down everything:’ Global ransomware attack takes a small Maryland town offline
McKay said JustTech informed Leonardtown that the ransom demand was $45,000 per computer but that the town’s leaders never seriously considered paying. Instead, they are undertaking the painstaking work of restoring computer system backups. The town has 19 computers, and all but two were frozen. One was spared because the employee who uses it was […]
Ransomware Is the IRS of Bitcoin – WSJ
Like taxes, the forced use of bitcoin by victims of ransomware creates a need for at least some bitcoin. Ransom payers have to buy it from someone else, who either is in the energy-intensive business of mining it or speculates on its future value. So far, it hasn’t provided the foundation for broader adoption, not […]
Cyber insurance isn’t helping with cybersecurity, and it might be making the ransomware crisis worse, say researchers | ZDNet
According to a research paper examining cyber insurance and the cybersecurity challenge by defence think tank Royal United Services Institute (RUSI), this practice isn’t just encouraging cyber criminals, it’s also not sustainable for the cyber insurance industry, which warns ransomware has become an existential threat for some insurers. “To date, cyber insurance has failed to live […]