A complete ban on ransomware payments is not a viable solution to combat ransomware attacks, according to some experts. While eliminating extortion as a source of criminal income may reduce attacks, there are several reasons why a ban would not work.
Cybercriminals are exploiting Twitter ads to promote cryptocurrency scams. These scams include links to Telegram channels promoting pump and dumps, phishing pages, and sites hosting malicious scripts that steal assets from connected wallets.
Pharmaceutical giant Merck has reportedly reached a settlement with insurers over their refusals to cover losses stemming from the NotPetya cyberattack in 2017. The undisclosed settlement, first reported by Bloomberg Law, is the culmination of a years-long court battle that has attracted attention from the cybersecurity and insurance industries because of its implications for defining […]
The Memorial University of Newfoundland experienced a cyberattack in late December, leading to the postponement of classes and disruptions to IT services at its Grenfell campus.
Cyber-attacks targeting Web3 cost organizations $1.84bn in 2023 across 751 incidents, according to Certik’s Hack3d: The Web3 Security Report 2023. The average cost per incident was $2.45m in 2023. However, there was a wide disparity between the losses suffered, with the 10 most costly attacks alone accounting for $1.11bn. The highest costs occurred in Q3, […]
Jan 08, 2024NewsroomCyber Security / Zero Trust Digital expansion inevitably increases the external attack surface, making you susceptible to cyberthreats. Threat actors increasingly exploit the vulnerabilities stemming from software and infrastructure exposed to the internet; this ironically includes security tools, particularly firewalls and VPNs, which give attackers direct network access to execute their attacks. In […]
Jan 08, 2024NewsroomArtificial Intelligence / Cyber Security The U.S. National Institute of Standards and Technology (NIST) is calling attention to the privacy and security challenges that arise as a result of increased deployment of artificial intelligence (AI) systems in recent years. “These security and privacy challenges include the potential for adversarial manipulation of training data, […]
Iranian crypto exchange Bit24.cash leaks user passports and IDs Pierluigi Paganini January 07, 2024 Bit24.cash has inadvertently exposed sensitive data belonging to nearly 230,000 users, as revealed by Cybernews research. Due to its limited access to foreign financial markets, Iran has embraced cryptocurrency significantly. Last year, Iranian crypto exchanges facilitated transactions totaling nearly $3 billion. […]
Cybercrime , Fraud Management & Cybercrime , Government Authorities in 15 Countries Helped Dismantle Operations Following 2019 Takedown Cal Harrison • January 5, 2024 Authorities in 2019 posted this notice on the xDedic Marketplace after international law enforcement agencies took it down. The U.S. Department of Justice announced Friday that it has wrapped […]