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Actions Target Russian Govt. Botnet, Hydra Dark Market

Krebs on Security

Federal Bureau of Investigation (FBI) says it has disrupted a giant botnet built and operated by a Russian government intelligence unit known for launching destructive cyberattacks against energy infrastructure in the United States and Ukraine. Separately, law enforcement agencies in the U.S. Separately, law enforcement agencies in the U.S.

Marketing 247
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Russian Hacker “Wazawaka” Indicted for Ransomware

Krebs on Security

A Russian man identified by KrebsOnSecurity in January 2022 as a prolific and vocal member of several top ransomware groups was the subject of two indictments unsealed by the Justice Department today. Previous reporting here revealed that Matveev’s alter egos included “ Orange, ” the founder of the RAMP ransomware forum.

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Govt. Services Firm Tyler Technologies Hit in Apparent Ransomware Attack

Krebs on Security

The company declined to discuss the exact cause of the disruption, but their response so far is straight out of the playbook for responding to ransomware incidents. Plano, Texas-based Tyler Technologies [ NYSE:TYL ] has some 5,300 employees and brought in revenues of more than $1 billion in 2019.

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Fighting Ransomware: A Call for Cryptocurrency Regulation

Data Breach Today

Coalition Offers a Framework for Disrupting Attacks A coalition of government agencies and security firms has released a framework for how to disrupt ransomware attacks that calls for expanded regulation of the global cryptocurrency market to better track the virtual coins paid to cybercriminals during extortion schemes.

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LockBit on a Roll – ICBC Ransomware Attack Strikes at the Heart of the Global Financial Order

Security Affairs

The LockBit ransomware attack on the Industrial & Commercial Bank of China demonstrates the weakness of global financial system to cyberattacks. The ransomware breach that crippled U.S. LockBit ransomware group claimed responsibility for the attack against ICBC, the largest lender in the world by assets, with $5.7

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Insurance and Ransomware

Schneier on Security

As ransomware becomes more common, I’m seeing more discussions about the ethics of paying the ransom. However, the most pressing challenge currently facing the industry is ransomware. Growing losses from ransomware attacks have also emphasised that the current reality is not sustainable for insurers either.

Insurance 114
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Market Leading Cybersecurity and National Security Lawyers David Lashway and John Woods Join Sidley in Washington, D.C.

Data Matters

By adding these two global market leaders, we are expanding our expertise to better support our clients with the ever growing risks associated with national security and cybersecurity matters across our multi-disciplinary practices.”. appeared first on Data Matters Privacy Blog.