Lawrence Abrams reports: The new PayloadBIN ransomware has been attributed to the Evil Corp cybercrime gang, rebranding to evade sanctions imposed by the US Treasury Department’s Office of Foreign Assets Control (OFAC). The Evil Corp gang, also known as Indrik Spider and the Dridex gang, started as an affiliate for the ZeuS botnet. Over time,…
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EpsilonRed ransomware group hits one of India’s financial software powerhouses
Catalin Cimpanu reports: Nucleus Software Exports, an Indian company that provides lending software to banks and retail stores, has suffered a major ransomware attack that crippled some of its internal networks and encrypted sensitive business information. The incident took place last Sunday, on May 30, according to a document the company filed on Tuesday with…
DOJ Announces New Guidance Tackling Ransomware Attacks
Kaila Philo reports that in the wake of some big ransomware attacks, DOJ has issued new guidance. Deputy Attorney General Lisa Monaco released an internal memo late Thursday detailing new guidance on how to tackle cyber-attacks as a result. These recent ransomware attacks “underscore the growing threat that ransomware and digital extortion pose to the Nation, and…
Stanford student who recovered $27,000 for ransomware victims talks ethical hacking
Yash Dalmia reports: As a high school student, Jack Cable ’21 hacked the Pentagon through a government-sponsored program created to find bugs in Air Force security networks. Upon arriving at Stanford, he set up a bug bounty program and worked with large enterprises to secure their digital systems. In April, he hacked ransomware, saving victims over $27,000. Certainly, Cable isn’t your…
Steamship Authority hit by ransomware attack
Tony Fay reports: Passengers going to Nantucket and Martha’s Vineyard via the Steamship Authority may have to deal with possible delays Wednesday, due to a ransomware attack. The ferry service posted on their official Twitter account Wednesday that the attack is affecting their operations, and that a team of IT professionals is currently working to…
IBM gives grants to some k-12 districts to harden security against ransomware attacks
Charlie Osborne reports: All United States public K-12 school districts were eligible to apply for the grants, designed to help school officials “proactively prepare for and respond to cyberattacks.” The grants, worth $500,000 each, have been awarded to school districts in Florida (Brevard Public Schools), New York (Poughkeepsie City School District), Georgia (KIPP Metro Atlanta Schools),…