Catalin Cimpanu reports: The financial crimes investigation unit of the US Treasury Department, also known as FinCEN, said today it identified approximately $5.2 billion in outgoing Bitcoin transactions potentially tied to ransomware payments. FinCEN officials said the figure was compiled by analyzing 2,184 Suspicious Activity Reports (SARs) filed by US financial institutions over the last…
Category: Of Note
“Shoot the Messenger,” Friday edition: Homewood Health resorts to threats and a court order?
In July of this year, CTV News in Canada and DataBreaches.net reported on a breach involving Homewood Health in Canada. Both CTV and this site had become aware of the breach when data allegedly from Homewood showed up on a leak site called Marketo. Marketo claimed to have almost 300 GB of Homewood’s data for…
US govt reveals three more ransomware attacks on water treatment plants this year
Catalin Cimpanu reports: Ransomware gangs have silently hit three US water and wastewater treatment facilities this year, in 2021, the US government said in a joint cybersecurity advisory published today by the FBI, NSA, CISA, and the EPA. The attacks —which had been previously unreported— took place in March, July, and August and hit facilities in Nevada,…
K–12 Cybersecurity Act Signed into Law
David Nagel reports: On Friday, Oct. 8, President Biden signed the K–12 Cybersecurity Act of 2021 into law. The act comes in response to growing data security incidents impacting K–12 schools in recent years, including a dramatic rise in ransomware and other forms of malware. On its own, the legislation is fairly simple: It authorizes the director of…
Hackers of SolarWinds stole data on U.S. sanctions policy, intelligence probe
Joseph Menn and Christopher Bing report: The suspected Russian hackers who used SolarWinds and Microsoft software to burrow into U.S. federal agencies emerged with information about counter-intelligence investigations, policy on sanctioning Russian individuals and the country’s response to COVID-19, people involved in the investigation told Reuters. The hacks were widely publicized after their discovery late…
Federal government announces two initiatives of note
In the news yesterday: Deputy Attorney General Lisa O. Monaco Announces National Cryptocurrency Enforcement Team Deputy Attorney General Lisa O. Monaco announced today the creation of a National Cryptocurrency Enforcement Team (NCET), to tackle complex investigations and prosecutions of criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services, and…