Brokerages Fined Over Cybersecurity Failures
The SEC says inadequate security at three firms resulted in the information of customers being compromised through email account break-ins.
Hackers in Ransomware Attack Demand $70M
The Russian group REvil has offered to unscramble all computers affected by its massive hack in return for $70 million in cryptocurrency.
U.S. Recovers $2.3M in Bitcoin From Colonial Pipeline Hackers
The cryptocurrency was used to pay the ransom in the attack on the Colonial Pipeline system.
AM Best Warns of ‘Grim’ Future for Cyber Insurers
The increase in cyber losses outstripped rate hikes last year, suggesting "more trouble for 2021 as ransom demands continue to grow."
Sunburst Hack Costs SolarWinds At Least $18M
The company expects to incur "significant legal and other professional services expenses" associated with the hack of its software in future quarters.
Cryptocurrency Crime Fell Last Year
A report by CipherTrace finds that losses from cryptocurrency theft fell 57% in 2020.
Russia Hack Targeted Specific Microsoft Customers
The company says the hackers' malware attack enabled them to select more than 40 customers for "narrower and more focused" measures.
Hack of U.S. Agencies Tied to Software Updates
The hackers appear to have used a "supply-chain attack" to breach the computer systems of federal agencies including the Treasury and Commerce departments.
Nation-State Hackers Breach Cybersecurity Firm
The hack of FireEye "demonstrates that even the most sophisticated companies are vulnerable to cyberattacks."
Ransomware Hackers Hit UHS Hospital Chain
The attack on Universal Health Services left doctors and nurses scrambling to render care, with computers replaced by pen and paper.
Chinese Nationals Charged With Hacking Attacks
“The United States government is starting to turn the tide on Chinese intrusion operations on Western companies and targets."