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Ransomware gang says it has hacked 49ers football team | AP News
The San Francisco 49ers have been hit by a ransomware attack, with cyber criminals claiming they stole some of the football team’s financial data. The ransomware gang BlackByte recently posted some of the purportedly stolen team documents on a dark web site in a file marked “2020 Invoices.” The gang did not make any of […]
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Justice Dept. Brings New Charges in Ransomware Attacks – The New York Times
The Justice Department said on Monday that it had brought charges against a Russian national whom it accused of conducting ransomware attacks against American government entities and businesses, including one that temporarily shut down the meat supply giant JBS. In the Biden administration’s latest crackdown on cybercrime, the Justice Department also announced that it had […]
IDC Survey Finds More Than One Third of Organizations Worldwide Have Experienced a Ransomware Attack or Breach | Business Wire
A new International Data Corporation (IDC) survey found that more than one third of organizations worldwide have experienced a ransomware attack or breach that blocked access to systems or data in the previous 12 months. And for those that fell victim to ransomware, it is not uncommon to have experienced multiple ransomware events. Source: IDC […]
Privilege Dwindles for Data Breach Reports | Bracewell LLP – JDSupra
Data privacy lawyers and cyber security incident response professionals are losing sleep over the growing number of federal courts ordering disclosure of post-data breach forensic reports. Following the decisions in Capital One and Clark Hill, another district court has recently ordered the defendant in a data breach litigation to turn over the forensic report it […]
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 […]
2021 Data Breach Outlook | Cyber Risk | Kroll
Industries most impacted in 2019 continued to be hard hit in both 2020 and so far in 2021, including healthcare, education and financial services. However, the greatest percentage increases occurred in industries that had been generally spared in 2019. The overall implication is that data attacks became broader and deeper during the pandemic, a trend […]
UMass Lowell Closed Due to Possible Cybersecurity Incident – NBC Boston
The University of Massachusetts Lowell has canceled all classes on Tuesday and Wednesday due to a possible cybersecurity incident. The school announced that it was investigating a possible “cybersecurity incident” affecting its technology services. A statement on the school’s online learning portal said all “in-person, remote and online classes” are canceled due to an “IT […]
Bitcoin Is Actually Traceable, Pipeline Investigation Shows – The New York Times
Criminals, often operating in hidden reaches of the internet, flocked to Bitcoin to do illicit business without revealing their names or locations. The digital currency quickly became as popular with drug dealers and tax evaders as it was with contrarian libertarians. But this week’s revelation that federal officials had recovered most of the Bitcoin ransom […]
JBS Paid $11 Million to Resolve Ransomware Attack – WSJ
JBS USA Holdings Inc. paid an $11 million ransom to cybercriminals who last week temporarily knocked out plants that process roughly one-fifth of the nation’s meat supply, the company’s chief executive said. The ransom payment, in bitcoin, was made to shield JBS meat plants from further disruption and to limit the potential impact on restaurants, […]
The Case For and Against Criminalizing Ransomware – Infosecurity Magazine
Earlier this year, the former CEO of the UK National Cyber Security Centre (NCSC), Ciaran Martin, spoke on the ransomware issue, arguing that it is being fuelled because there is no legal barrier to ransomware victims paying and then claiming back the expense on insurance. He argues that this means victims are incentivized to pay […]
Cyber Breach Disclosures Still Take More Than a Month – CFO
After being discovered, cybersecurity breaches are not consistently disclosed promptly, found an Audit Analytics study of public companies released on Friday. On average, publicly held companies took 53 days to disclose a breach incident after discovering it. The 53-day average disclosure timeframe is less than the 10-year average of 67 days, but it is the third-highest […]