Fortune 50 Co. Pays Record-Breaking $75M Ransomware Demand

The runaway success of an upstart ransomware outfit called "Dark Angels" may well influence the cyberattack landscape for years to come.

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August 05, 2024

LATEST SECURITY NEWS & COMMENTARY Fortune 50 Co. Pays Record-Breaking $75M Ransomware Demand The runaway success of an upstart ransomware outfit called "Dark Angels" may well influence the cyberattack landscape for years to come. Disney, Nike, IBM Signatures Anchor 3M Fake Emails a Day A simple toggle in Proofpoint's email service allowed for brand impersonation at an industrial scale. It prompts the question: Are secure email gateways (SEGs) secure enough? Russia's 'Fighting Ursa' APT Uses Car Ads to Install HeadLace Malware The scheme, from the group also known as APT28, involves targeting Eastern European diplomats in need of personal transportation, and tempting them with a purported good deal on a Audi Q7 Quattro SUV. China's APT41 Targets Taiwan Research Institute for Cyber Espionage The state-sponsored Chinese threat actor gained access to three systems and stole at least some research data around computing and related technologies. Twilio Users Kicked Out of Desktop App, Forced to Switch to Mobile Now that the Authy Desktop app has reached EOL and is no longer accessible, users are hoping their 2FA tokens synced correctly with their mobile devices. Is the US Federal Government Increasing Cyber-Risk Through Monoculture? In a monoculture, cybercriminals need to look for a weakness in only one product, or discover an exploitable vulnerability, to affect a significant portion of services. Implementing Identity Continuity With the NIST Cybersecurity Framework Having a robust identity continuity plan is not just beneficial but essential for avoiding financially costly and potentially brand-damaging outages. MORE NEWS / MORE COMMENTARY HOT TOPICS Black Basta Develops Custom Malware in Wake of Qakbot Takedown The prolific ransomware group has shifted away from phishing as the method of entry into corporate networks, and is now using initial access brokers as well as its own tools to optimize its most recent attacks. Attackers Hijack Facebook Pages, Promote Malicious AI Photo Editor A malvertising campaign uses phishing to steal legitimate account pages, with the endgame of delivering the Lumma stealer. Would Making Ransom Payments Illegal Result in Fewer Attacks? If paying a ransom is prohibited, organizations won't do it — eliminating the incentive for cybercriminals. Problem solved, it seems. Or is it? MORE PRODUCTS & RELEASES ESET Reveals Latest Cloud-Native Authentication Solution Protect AI Acquires SydeLabs to Red Team Large Language Models AI-Driven Executive Impersonations Emerge As Significant Threat to Business Payment Processes MORE PRODUCTS & RELEASES EDITORS' CHOICE Attacks on Bytecode Interpreters Conceal Malicious Injection Activity By injecting malicious bytecode into interpreters for VBScript, Python, and Lua, researchers found they can circumvent malicious code detection. LATEST FROM THE EDGE NVD Backlog Continues to Grow Despite getting help, NIST is not keeping up with new vulnerability reports for the National Vulnerabilities Database, according to an analysis from Fortress Information Security. LATEST FROM DR TECHNOLOGY Companies Struggle to Recover From CrowdStrike's Crippling Falcon Update The cybersecurity firm says that 97% of sensors are back online, but some organizations continue to recover, with costs tallied at $5.4 billion for the Fortune 500 alone. LATEST FROM DR GLOBAL India-Linked SideWinder Group Pivots to Hacking Maritime Targets The nation-state espionage group known for attacking Pakistan has expanded its reach to targets in Egypt and Sri Lanka. WEBINARS Securing Your Cloud Assets The Rise of AI-Powered Malware and Application Security Best Practices View More Dark Reading Webinars >> WHITE PAPERS OT Cybersecurity Glossary & Quick Start Guide OT Threat Intelligence Report: Fuxnet ICS Malware Tracking the Untrackable: Taking a Proactive Approach to Emerging Risks IT Risk & Compliance Platforms: A Buyer's Guide Threat Hunting in the Cloud: Adapting to the New Landscape How Cyber Threat Intelligence Empowers the C-Suite 5 Essential Insights into Generative AI for Security Leaders View More White Papers >> FEATURED REPORTS Managing Third-Party Risk Through Situational Awareness 2024 InformationWeek US IT Salary Report View More Dark Reading Reports >>

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