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…
Europe’s Biggest Copper Producer Hit by Cyber-Attack
Phil Muncaster reports: The world’s second largest copper producer has been hit by a cyber-attack which forced IT systems offline. Hamburg-headquartered Aurubis revealed in a brief statement that the attack struck on Friday evening. “This was apparently part of a larger attack on the metals and mining industry,” it said. “As a result, numerous systems at Aurubis…
Dropbox admits 130 of its private GitHub repos were copied after phishing attack
Simon Sharwood reports: Dropbox has said it was successfully phished, resulting in someone copying 130 of its private GitHub code repositories and swiping some of its secret API credentials. The cloud storage locker on Tuesday detailed the intrusion, and stated “no one’s content, passwords, or payment information was accessed, and the issue was quickly resolved.” Read more…