A dual citizen of Pakistan and Grenada has been sentenced to 12 years in prison for orchestrating a seven-year scheme that unlawfully unlocked nearly 2 million AT&T smartphones, which the carrier says amounted to $200 million in subscriber losses, according to the U.S. DOJ.
CISA, the FBI and the U.S. Coast Guard Cyber Command warn users of Zoho Corp.'s single sign-on and password management tool to patch for a vulnerability that nation-state groups may look to exploit. Attackers could use the bug to compromise credentials and exfiltrate data from Active Directory.
Score one for the good guys in the fight against ransomware: Anyone who fell victim to REvil, aka Sodinokibi, crypto-locking malware before July 13 can now decrypt their files for free, thanks to a decryptor released by security firm Bitdefender.
Amid growing calls for cryptocurrency regulations, the U.S. acting comptroller of the currency has made a definitive statement on safeguarding investors and how cryptocurrency should intersect with traditional financial institutions.
The latest edition of the ISMG Security Report features an analysis of the state of the Biden administration's efforts to disrupt ransomware attackers, as well as how a newly patched Apple iMessage flaw was being targeted by Pegasus spyware to effect zero-click exploits.
Regarding the recent tactical innovation by the Grief ransomware gang that is threatening to wipe a victim's data and decryption key if the victim engages a ransom negotiator, analysts are calling this a desperate ploy to scare a target into paying the ransom demand.
Despite the popular perception of identity theft as a major cause of fraud, it accounts for only 20% of auto loan fraud risk while income and employment misrepresentation account for 60% of loan losses, says Justin Davis, fraud consultant at Point Predictive. He discusses tools that can catch this type of fraud.
New York officials won a court order shuttering cryptocurrency trading platform Coinseed, after it allegedly defrauded thousands of investors out of millions of dollars, according to State Attorney General Letitia James. The court also awarded a $3 million judgment against Coinseed and its CEO.
A pair of House committees this week said they want to spend additional millions on cybersecurity by injecting funds into CISA and the FTC, as part of the debate over the Biden administration's $3.5 trillion budget proposal for 2022. Part of the money would help fulfill Biden's executive order.
A proposed class action lawsuit filed this week against St. Joseph's/Candler Health System in the wake of a recent ransomware breach affecting 1.4 million individuals alleges that the Georgia-based healthcare entity was "reckless" and "negligent" in safeguarding patients' information.
Microsoft has officially gone fully passwordless, allowing Windows users to replace their alphanumeric passwords with one of several substitute sign-in technologies to gain entry into a Microsoft product - a move received positively by industry insiders.
Senior U.S. officials say that there have been no signs that Moscow has begun to crack down on ransomware-wielding criminals operating from inside Russia's borders. President Biden has called on Russia to act responsibly, and U.S. intelligence has been sharing information on top suspects.
Microsoft's September Patch Tuesday security update covers 61 vulnerabilities, with four rated critical. These include a fix for the critical MSHTML Vulnerability Microsoft revealed last week and patches to a Windows scripting engine flaw and a Windows DNS flaw.
U.S. SEC Chair Gary Gensler testified before the Senate on Tuesday and again called for comprehensive cryptocurrency regulations, citing a need to reduce cybersecurity risks, other market risks, and criminal efforts to defraud investors, while simultaneously advancing the space.
An Arizona-based family medical practice says it is attempting to reconstruct thousands of patients' electronic health records following a May ransomware attack that badly corrupted the records as well as backup data.
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