Bitcoin has enabled fast payments to cybercriminals pushing ransomware. How to deal with bitcoin is the subject of a spirited debate, with some arguing to restrict it. But bitcoin doesn't always favor cybercriminals, and it may actually be more of an ally than a foe by revealing webs of criminality.
Colonial Pipeline Co. CEO Joseph Blount returned to Capitol Hill on Wednesday to answer additional questions about his company's response to the ransomware attack that affected the firm's operations for nearly a week, as well as his decision to pay the attackers.
Phishing, ransomware and unauthorized access continue to be the leading cyber causes of violations of data protection rules and personal data breaches, Britain's privacy watchdog reports. U.K. authorities say that breach reporting to regulators and law enforcement agencies remains relatively steady.
The White House officially released its fiscal year 2022 budget proposal on Friday. The Biden administration is seeking to spend billions on cybersecurity, including $750 million for "lessons learned" from the SolarWinds attack. Officials also want to boost CISA's budget by $110 million.
Insurance company CNA's apparent decision to pay attackers a $40 million ransom and Colonial Pipeline Co.'s payment of a $4.4 million ransom are stirring debate over whether such payments should be banned under federal law.
"They’re playing games," is how one security expert describes Conti ransomware-wielding attackers' "gift" of a decryptor to Ireland's crypto-locked health service, while still demanding a ransom to not leak stolen health data. The same could be said of the DarkSide gang's promised retirement.
Colonial Pipeline Co.'s CEO, Joseph Blount, said Wednesday that he authorized the payment of a $4.4 million ransom just hours after the company was hit by a DarkSide ransomware attack, telling The Wall Street Journal, "It was the right thing to do for the country."
In the past six months alone, we've seen the SolarWinds attack, the Microsoft Exchange Server exploits and the Colonial Pipeline ransomware strike. The threats are more imminent than ever. But Philip Reitinger of the Global Cyber Alliance believes strongly: We created this mess, and we can fix it.
As CISO of Johnson & Johnson, Marene Allison was used to gauging her security posture by the top threat activity: nation-state, cybercrime, insider or hacktivist. But in 2020, they all struck at once. Here is one CISO's take on the state of the industry.
Some cybersecurity experts question the contentions of Speaker of the House Nancy Pelosi and another member of Congress, who say a $5 million ransom reportedly paid by Colonial Pipeline Co. after being hit by DarkSide ransomware would serve as a catalyst for attacks on other critical infrastructure providers.
As former CISO of Pacific Gas & Electric, Bernie Cowens knows plenty about cyber securing the nation's critical infrastructure. He shares his informed opinion on the Colonial Pipeline ransomware attack and what public and private sector entities must do to shore up key defenses.
For anyone wondering how the Russian-speaking, ransomware-wielding DarkSide crime syndicate was able to disrupt a major U.S. fuel pipeline, a more pertinent question might be: Why didn’t it happen sooner?
CISA is still awaiting more technical details from Colonial Pipeline about the Friday ransomware attack that forced it to shut down its operations, Brandon Wales, the agency's acting director, told a Senate committee that's probing the attack and other cybersecurity incidents.
Tom Kellerman of VMware Carbon Black shares his opinions about whether a nation-state was behind the recent ransomware attack on Colonial Pipeline and what the U.S. government should do to prevent other cyberattacks.