UNC3944 Is Now Deploying Ransomware Variants

Financially Motivated Hackers Are Diversifying Operations Akshaya Asokan (asokan_akshaya) • September 15, 2023     Image: Shutterstock A financially motivated criminal syndicate that mainly operates in Telegram and underground forums has expanded its criminal arsenals to deploy ransomware and other intrusion capabilities on various cloud applications, warn Mandiant researchers. See Also: Live…

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Ransomware Gang Demands $42 Million From Celebrity Law Firm – BankInfoSecurity.com

Cybercrime , Cybercrime as-a-service , Fraud Management & Cybercrime REvil Gang Ups Ransom Ante After Releasing Data on Lady Gaga Akshaya Asokan (asokan_akshaya) • May 16, 2020     The operators of the REvil ransomware strain are attempting to ratchet up the pressure on a high-profile New York law firm to pay a $42 million …

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UK Downplays Ransomware Threat at Its Peril, Says Committee

Fraud Management & Cybercrime , Geo Focus: The United Kingdom , Geo-Specific Parliamentary Committee Says UK Must Be More Aggressive Akshaya Asokan (asokan_akshaya) • December 12, 2023     The U.K. Joint Committee on the National Security Strategy recommended that the government elevate ransomware as an issue. (Image: Shutterstock) A U.K. parliamentary committee investigating ransomware…

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EU Cyber Resilience Act May Cause Bottlenecks, Companies Say

Standards, Regulations & Compliance Digital Europe Says Third-Party Assessments Could Ensnare Supply Chains Akshaya Asokan (asokan_akshaya) • November 8, 2023     Industry association Digital Europe is warning that certification requirements in the Cyber Resilience Act could create bottlenecks. (Image: Shutterstock) Heads of major European tech companies are calling on trading bloc lawmakers…

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Europe Clamps Down on Meta Ad Personalization

General Data Protection Regulation (GDPR) , Standards, Regulations & Compliance Company Rolls Out a Paid Subscription for Ad-Free Use Akshaya Asokan (asokan_akshaya) • November 3, 2023     Social media giant Meta faces a possible ban within the next 10 days across Europe on the consent-free use of personal data for ad personalization. See Also: Live Webinar | Generative AI: Myths, Realities…

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Spanish Police Dismantle Cybercrime Ring

Cybercrime , Fraud Management & Cybercrime Police Arrested 34 Members of the Group That Defrauded 3 Million Euros Akshaya Asokan (asokan_akshaya) • October 23, 2023     Image: Shutterstock Spanish authorities arrested more than two dozen members of a cybercrime group that used phishing and other tactics to extort millions from victims. See Also: Revealing the Secrets of Synthetic Identity…

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TikTok Chief Summoned by EU Lawmakers For Privacy Probe

General Data Protection Regulation (GDPR) , Governance & Risk Management , Privacy Parliamentary Committee Heads Says In-Person Appearance Would be ‘Beneficial’ Akshaya Asokan (asokan_akshaya) • October 10, 2023     Image: Shutterstock The head of video app TikTok has been summoned by European lawmakers from different parliamentary committees for an inquiry into its privacy practices. See…

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Cyber Mavens Slam Europe's Cyber Resilience Act

Governance & Risk Management , Legislation & Litigation , Patch Management Experts Warn Vulnerability Disclosure to Government Agencies Increases Hacking Risk Akshaya Asokan (asokan_akshaya) • October 4, 2023     Image: Shutterstock More than four dozen cybersecurity mavens say a proposed European Union mandate for software publishers to inform the trading bloc’s cybersecurity agency of…

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Polish Privacy Regulator Probes OpenAI's ChatGPT

Artificial Intelligence & Machine Learning , General Data Protection Regulation (GDPR) , Next-Generation Technologies & Secure Development Agency Is the Latest in a String of European Regulators to Scrutinize the LLM Akshaya Asokan (asokan_akshaya) • September 25, 2023     Image: Shutterstock The Polish data regulator launched a probe into OpenAI’s ChatGPT for potential privacy violations. See…

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Ransomware: It Takes A Village, Says NCSC

Fraud Management & Cybercrime , Ransomware UK Crime and Cybersecurity Agencies Urge ‘Holistic’ View of Ransomware Ecosystem Akshaya Asokan (asokan_akshaya) • September 11, 2023     Image: Shutterstock Stopping the ransomware epidemic is less about tackling individual crypto-locking malware variants and more about combating the entire ecosystem of bad actors underpinning digital extortion, the…

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