Bill Toulas reports: Security researchers at Sentinel Labs have uncovered evidence that links the Black Basta ransomware gang to the financially motivated hacking group FIN7, also known as “Carbanak.” When analyzing tools used by the ransomware gang in attacks, the researchers found signs that a developer for FIN7 has also authored the EDR (Endpoint Detection…
Author: Dissent
LockBit repeats ‘PR stunt’ as Thales ransomware investigation claims no breach
Rory Bathgate reports: An investigation by Thales has found no evidence that the LockBit ransomware organistion successfully attacked its systems, following threats by the group to post stolen company data on hacker forums. On Tuesday, the French multinational publicly stated that it had seen posts on the dark web by ransomware group LockBit 3.0, claiming to have stolen data…
Ransomware cost US banks $1.2 billion last year
Dan Robinson reports: Banks in the US paid out nearly $1.2 billion in 2021 as a result of ransomware attacks, a marked rise over the year before though it may simply be due to more financial institutions being asked to report incidents. The figures come from the most recent Financial Trend Analysis report [PDF] on ransomware from…
Vodafone Italy discloses data breach after reseller hacked
Bill Toulas reports: Vodafone Italia is sending customers notices of a data breach, informing that one of its commercial partners, FourB S.p.A., who operates as a reseller of the telecommunications services in the country, has suffered a cyberattack. According to the notice, the cyberattack took place in the first week of September and resulted in the compromise of…
Russian Hacker Behind Massive Data Breach Released From U.S. Prison
Todd Prince and Mike Eckel report: A Russian hacker who was convicted for his leading role in one of the largest data thefts in U.S. history has been released from prison after serving most of his 12-year sentence. Vladimir Drinkman was released from a Pennsylvania jail on October 28, the U.S. Bureau of Prisons told…
World leaders make fresh vows to fight global ransomware threat
Martin Matishak reports: A coalition of government cybersecurity leaders from nearly 40 countries on Tuesday reaffirmed to work together to stamp out ransomware attacks, launching several new efforts meant to better combat the rising global threat. “We commit to work together to prioritize disruption targets to leverage the breadth of authorities and tools available to…