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Category: Ransomware

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Smashing Security podcast #404: Podcast not found

The story of how hackers managed to compromise the US Government’s official SEC Twitter account to boost the price of Bitcoins, AI isn’t helping reduce the rife conspiracy theories inside classrooms, and is the funeral bell tolling for ransomware? All this and more is discussed in the latest edition of the “Smashing Security” podcast by…

U.S. sanctions bulletproof hosting provider for supplying LockBit infrastructure

A consortium of U.S., Australian and U.K. officials announced coordinated sanctions Tuesday against Zservers, a Russia-based bulletproof hosting provider. The action targets the company for its role in facilitating ransomware attacks, most notably those conducted by the LockBit ransomware-as-a-service (RaaS) group. Officials detailed that Zservers has long been linked to cybercriminal forums, where it has…

Thai authorities detain four Europeans in ransomware crackdown

In a sweeping international law enforcement operation, Thai authorities arrested four Europeans in Phuket, accusing them of orchestrating ransomware attacks affecting Swiss companies worldwide. The suspects are allegedly tied to the 8Base ransomware-as-a-service (RaaS) gang, which extorted $16 million worth of Bitcoin from over 1,000 individuals. The operation, termed “Phobos Aetor,” reflected a tightly coordinated…

Smashing Security podcast #403: Coinbase crypto heists, QR codes, and ransomware in the classroom

In episode 403 of “Smashing Security” we dive into the mystery of $65 million vanishing from Coinbase users faster than J-Lo slipped into Graham’s DMs, Geoff gives a poor grade for PowerSchool’s security, and Carole takes a curious look at QR codes. All this and more is discussed in the latest edition of the “Smashing…

Ransomware payments dropped 35% in 2024

Ransomware payments saw a dramatic 35% drop last year compared to 2023, even as the overall frequency of ransomware attacks increased, according to a new report released by blockchain analysis firm Chainalysis.  The considerable decline in extortion payments is somewhat surprising, given that other cybersecurity firms have claimed that 2024 saw the most ransomware activity…

Ransomware payments dropped in 2024 as victims refused to pay hackers

Ransomware payments fell by more than one-third in 2024 as an increasing number of victims refused to negotiate with hackers. In a report published Wednesday, crypto forensics firm Chainalysis said that while ransomware gang leak sites posted more victims than in previous years during 2024, fewer victims gave in to the hackers’ demands. Chainalysis reported…

The Transformative Role of AI in Cybersecurity

2025 marks a pivotal moment in the integration of artificial intelligence (AI) and cybersecurity. Rapid advancements in AI are not only redefining industries; they are reshaping the cybersecurity landscape in profound ways. Through this evolution, I have noted three primary […] The post The Transformative Role of AI in Cybersecurity appeared first on TechSpective. The…

House bill aims to better protect financial institutions from ransomware attacks

A bipartisan pair of House lawmakers are seeking to improve private-public coordination for financial institutions amid a surge of ransomware attacks on the sector. The Public and Private Sector Ransomware Response Coordination Act, introduced this week by Reps. Zach Nunn, R-Iowa, and Josh Gottheimer, D-N.J., would direct the Treasury secretary to deliver a report on…

Grohe AG mutmaßlich von Ransomware-Attacke betroffen

Die Ransomware-Bande Ransomhub will 100 Gigabyte Daten von der Grohe AG erbeutet haben. CeltStudio – Shutterstock.com Die Grohe AG zählt zu den bekanntesten deutschen Herstellern von Armaturen und Sanitärprodukten. Die berüchtigte Ransomware-Bande Ransomhub listet das Unternehmen nun als Opfer auf ihrer Darknet-Seite. Die Hacker behaupten, erfolgreich eingedrungen zu sein und 100 Gigabyte Daten erbeutet zu…

Ransomware groups pose as fake tech support over Teams

Researchers at cybersecurity firm Sophos are tracking multiple clusters of hacking activity leveraging Microsoft 365 instances, Microsoft Teams and email bombing tactics to deliver ransomware. In new research released Tuesday, the company said it had identified at least two distinct clusters of hacking activity using the tactics to infect targets between November and December 2024.…

FunkSec: A New Ransomware Group Buoyed by AI

A new ransomware group called FunkSec claimed 85 victims in December but its members appear to be lesser-skilled hackers using generative AI and inflated attack numbers to bolster their capabilities and reputation, according to Check Point researchers. The post FunkSec: A New Ransomware Group Buoyed by AI appeared first on Security Boulevard.

Justice Department unveils charges against alleged LockBit developer

The U.S. Department of Justice revealed charges Friday against Rostislav Panev, a dual Russian and Israeli national, for his alleged role as a developer in the notorious LockBit ransomware group. Panev was arrested in Israel following a U.S. provisional arrest request and is currently awaiting extradition. Authorities allege that Panev has been an instrumental figure…

Study finds ‘significant uptick’ in cybersecurity disclosures to SEC

The introduction of new cybersecurity disclosure rules by the U.S. Securities and Exchange Commission has led to a significant uptick in the number of reported cybersecurity incidents from public companies, according to a leading U.S. law firm that specializes in finance and M&A activity. Analysis by Paul Hastings LLP found that since the disclosure law…

Israeli court to hear U.S. extradition request for alleged LockBit developer

An Israeli Court is set to deliberate a significant extradition case involving Rostislav Panev, an Israeli citizen alleged to be involved with the notorious LockBit ransomware gang. According to Israeli news outlet Ynet, a U.S. extradition request was made public Thursday claiming that between 2019 and 2024, Panev served as a software developer for LockBit.…

Smashing Security podcast #398: Fake CAPTCHAs, Harmageddon, and Krispy Kreme

This week, we delve into the dark world of fake CAPTCHAs designed to hijack your computer. Plus, the AI safety clock is ticking down – is doomsday closer than we think? And to top it off, we uncover the sticky situation of Krispy Kreme facing a ransomware attack. All this and more is discussed in…

Latest round of MITRE ATT&CK evaluations put cybersecurity products through rigors of ransomware 

MITRE Corporation released findings Wednesday from its latest round of ATT&CK evaluations, assessing the capabilities of enterprise cybersecurity solutions against some of the most prevalent ransomware tactics and North Korean malware. The sixth such evaluation from the nonprofit research organization measured 19 different vendors’ ability to protect enterprise systems by evaluating them against two prominent…

No guarantees of payday for ransomware gang that claims to have hacked children’s hospital

What is the point of INC Ransom’s attack on Alder Hey? They are not likely to be paid, and the attack on a children’s hospital only increases the chances that they will one day find their collars felt by law enforcement. Read more in my article on the Hot for Security blog.

Hacker in Snowflake Extortions May Be a U.S. Soldier

Two men have been arrested for allegedly stealing data from and extorting dozens of companies that used the cloud data storage company Snowflake, but a third suspect — a prolific hacker known as Kiberphant0m — remains at large and continues to publicly extort victims. However, this person’s identity may not remain a secret for long:…

Building a Ransomware Response Plan for Your Law Firm

Ransomware is a type of malicious software that encrypts your data, rendering it inaccessible until a ransom is paid. Law firms, with their treasure trove of confidential client information, are especially vulnerable to ransomware attacks. The consequences of an attack can be devastating, from financial losses to reputational damage. Here’s a step-by-step guide on how…

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