Biden hints at possible cybersecurity arrangement with Russia over ransomware...
Joe Biden said that the U.S. and Russia might have the beginnings of a "cybersecurity arrangement that begins to bring some order" within the next year. United States President Joe Biden implied he made some progress in addressing ransomware attacks on critical infrastructure after speaking with Russian President Vladimir Putin.Following a Wednesday summit in Geneva, Biden said he had spoken with Putin on the issue of cybersecurity, the U.S. president making it clear his opinion was certain areas of critical infrastructure were off limits for attacks — whether the targets were in Russia or....
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Joe Biden wants to crackdown on ransomware according to statements he made on Friday, after hackers hijacked software from a Miami-based IT supplier called Kaseya. Hundreds of American businesses were affected by the breach as the attackers encrypted the files of some 200 clients. Biden said on Friday that he’s ordered an investigation into the exploited Florida-based IT infrastructure. Biden Directs US Intelligence Agencies to Look Into the Kaseya Ransomware Attack Following the Colonial Pipeline ransomware attack, this past week an IT supplier called Kaseya was breached and the....
Infrastructure firms will now have to report within 24 hours if they make a ransomware payment. “This surely will be a game changer.” 2020 was a record year for ransomware payments ($692 million), and 2021 will probably be higher when all the data is in, Chainalysis recently reported. Moreover, with the outbreak of the Ukraine-Russia war, ransomware’s use as a geopolitical tool — not just a money grab — is expected to grow as well.But, a new U.S. law could stem this rising extortionist tide. United States President Joe Biden recently signed into law the Strengthening American Cybersecurity....
A new report by two cybersecurity firms has revealed that one ransomware family is particularly successful, raking in over $150 million in bitcoin. The ransom payments “sometimes amount to millions of dollars and typically run in the hundreds of thousands range.” Ransomware Makes $150 Million in Bitcoin The Ryuk ransomware family has raked in $150 million in bitcoin, according to a joint report by cybersecurity firms Advanced Intel and Hyas. “The Ryuk family of ransomware has been particularly successful in economic terms as well as having a disruptive impact on many....
The new GoldenEye ransomware poses as a resume to infect computers belonging to HR departments. James Bond, the fictional spy, has met his match when it comes to deception. A new ransomware named after one of the Bond movies, GoldenEye infects work computers by posing as a job application. According to cybersecurity researchers, the GoldenEye ransomware is a variant of previously known Petya ransomware. The ransomware targets the HR departments of the companies as they receive hundreds if not thousands of emails from unknown people applying for job positions. A well-crafted mail delivers....
Major U.S. banks are expecting retaliatory ransomware attacks following the imposition of tough sanctions on Russia for invading Ukraine, cyber specialists and executives say. Tensions between Russia and the West worsened Saturday as the US and its allies attempted to block some Russian banks from the SWIFT international payment system and imposed restrictions on the […]