Security News
Your organization has been hit by ransomware and a decision has to be made on whether or not to make the ransom payment to get your data decrypted, deleted from attackers' servers, and/or not leaked online. The decision will depend on a variety of factors but, according to GuidePoint Security, an important one should be the overall maturity and prominence of the ransomware operators who pulled off the attack.
Threat actors have been found exploiting a critical flaw in Magento to inject a persistent backdoor into e-commerce websites. The attack leverages CVE-2024-20720 (CVSS score: 9.1), which has been...
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In this Help Net Security video, Shai Gabay, CEO of Trustmi, discusses why payments are a source of cyber worry for CISOs. CISOs are worried about Business Email Compromise, cyber attackers' use of AI, and securing the supply chain.
A new phishing campaign has been observed leveraging a novel loader malware to deliver an information stealer and keylogger called Agent Tesla. Trustwave SpiderLabs said it identified a phishing...
Infosec in brief The infamous LockBit ransomware gang has been busy in the ten days since an international law enforcement operation took down many of its systems. LockBit quickly set up a new website and updated it with a list of forthcoming victim ransom deadlines - one of which included data allegedly stolen from Fulton County, Georgia.
Ransomware payments in 2023 soared above $1.1 billion for the first time, shattering previous records and reversing the decline seen in 2022, marking the year as an exceptionally profitable period for ransomware gangs. The previous record-high figure was set in 2021, with ransomware payments amounting to $983 million, surpassing the preceding record of $905 million in 2020 by approximately 10%. Unfortunately, the resurgence of ransomware in 2023 confirms that 2022 was a statistical anomaly, with that year's activity impacted by geopolitical events like the war between Russia and Ukraine and law enforcement's dismantling of the Hive operation.
Global securities finance tech company EquiLend's systems are now back online after announcing a disruptive ransomware attack nearly two weeks ago. Providing regular updates via a dedicated web page, EquiLend almost completed its full restoration last week, waiting only for its data and analytics solutions to get back up and running.
Aliaksandr Klimenka, a Belarusian and Cypriot national, has been indicted in the U.S. for his involvement in an international cybercrime money laundering operation. The U.S. DoJ alleged back then that the platform was used to launder funds stolen during the hack of Japanese crypto exchange platform Mt. Gox, as well as ransom payments for the Locky, Cerber, NotPetya, WannaCry, and Spora ransomware operations.
"As the risk of vendor payment fraud grows, so does the need to automate bank account validations and embed them into your daily processes. It's essential for winning the fight against fraud and ensuring payments are sent to the correct parties." 75% of C-level finance and treasury leaders say they'd stop doing business with an organization that fell victim to payment fraud and lost their payment.