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Krebs on Security 1 month, 1 week ago

Who Runs the Ransomware Group ‘The Gentlemen?’

A cybercrime group known as The Gentlemen has emerged as the second most active ransomware gang by victim count, rapidly attracting a talented pool of hackers through an aggressive recruitment strategy that promises affiliates 90 percent of any ransom paid by victims. This post examines clues pointing to a real life identity for the administrator of The Gentlemen ransomware group.

Bold Plan Raises Hard Questions About Execution, Liability and OversightThe Trump administration's national cyber strategy calls for a stronger partnership between the federal government and private companies, heralding a shift in the ways private enterprise could participate in offensive operations against nation-state adversaries, ransomware gangs and cybercriminals.

Revenue From Data-Extortion-Only Attacks Appear to Have Plummeted to Virtually NilWhile ransomware continues to disrupt businesses, thankfully some shakedown strategies are losing steam. The latest ISMG Security Report reviews how criminals have continued to refine the ransomware business model and why once-successful strategies for maximizing illicit profits now fall short.

Hackers have cut their attack timelines from weeks to hours while the government spreads resources too thin. We need to stop pretending we can protect everything and start focusing on what would hurt us most. The post We’ve seen ransomware cost American lives. Here’s what it will actually take to stop it. appeared first on CyberScoop.

Bank Info Security 8 months, 2 weeks ago

Ransomware Hackers Look for New Tactics Amid Falling Profits

Digital Extortionists Try Recruiting Insiders, Email BarragesCollective efforts to bolster cybersecurity defenses have been taking a big bite out of ransomware groups' earnings, leading groups to reach for new strategies, including social engineering, supply chain attacks, extortion services and bribing insiders, warn incident response experts.

Bank Info Security 1 year, 1 month ago

Governments Embrace Secure by Design to Curb Cyberthreats

NextJenSecurity Founder Calls for Global Policy Shifts to Reduce VulnerabilitiesGovernments worldwide are shifting from reactive responses to preventive strategies to tackle ransomware attacks. Jen Ellis, founder of NextJenSecurity, stresses the need for vulnerability accountability and secure-by-design policies to tackle systemic cybersecurity flaws.

Bank Info Security 1 year, 1 month ago

Cognyte Adds GroupSense in $4M Threat Intelligence Deal

Buyout Targets Deeper US Penetration, Digital Risk Intel, Ransomware DefenseCognyte’s $4 million buy of GroupSense boosts its North America strategy, enhancing its investigative analytics platform with deep and darkweb threat insights and access to U.S. government and enterprise customers. The deal will enhance Cognyte’s analytics platform and threat protection offerings.

Bank Info Security 1 year, 3 months ago

ISMG Editors: Ransomware's Stealth vs. Spectacle Tactics

Also: Rapid7's Boardroom Shake-Up, China's Shift Tactical Cyber ShiftIn this week's update, ISMG editors unpacked stealth vs. spectacle in ransomware attacks, Rapid7’s boardroom shake-up led by activist investors, and China's shift from cyber espionage to infrastructure sabotage - driving key shifts in global cybersecurity strategy and resilience.

Also: the Recent Ransomware Surge, Crypto Reserve ControversyIn this week's update, four ISMG editors discussed the recent surge in ransomware attacks, implications of the U.S. military's pause on cyber operations against Russia, and President Trump's bold but controversial plan to create a national cryptocurrency reserve.

Focus on Cyber Hygiene, Advanced Tools and Rapid Response to Outsmart AttackersModern cyberthreats require modern defense tactics. Ransomware now employs multilayered extortion tactics that target operations and reputations. With 68% of breaches involving human error, CISOs and leaders must focus on cyber hygiene, advanced security tools and rapid response strategies.

The threat actors behind the RansomHub ransomware-as-a-service (RaaS) scheme have been observed leveraging now-patched security flaws in Microsoft Active Directory and the Netlogon protocol to escalate privileges and gain unauthorized access to a victim network's domain controller as part of their post-compromise strategy

Bank Info Security 1 year, 6 months ago

Why Hackers Love Weekend and Holiday Attacks

About 75% of healthcare sector entities that suffered a ransomware attack over the past year were targeted on a weekend or holiday, highlighting the need for organizations to bolster staffing and related strategies during these vulnerable times, said Jeff Wichman of security firm Semperis.

About 75% of healthcare sector entities that suffered a ransomware attack over the past year were targeted on a weekend or holiday, highlighting the need for organizations to bolster staffing and related strategies during these vulnerable times, said Jeff Wichman of security firm Semperis.

Bank Info Security 1 year, 7 months ago

Victims Must Disclose Ransom Payments Under Australian Law

New Law Calls for Better Reporting, Securing Devices and Critical InfrastructureThe Australian government's proposed cybersecurity legislation passed both houses of the Parliament on Monday, formalizing the government's strategy to boost ransomware payment reporting, mandate basic cybersecurity standards for connected devices and enhance critical infrastructure security.

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