U.S. Slaps Crypto Exchange With Sanctions
In an unprecedented enforcement action, the Treasury Department says Suex OTC facilitated the laundering of illicit proceeds from ransomware attacks.
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."
Cybersecurity Evolves to Handle Remote Workers
Security controls and cyberattack prevention are still catching up to the remote-work shift.
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."
Cybersecurity Insurer Chubb Hit With Possible Ransomware Attack
The company said it had no evidence the incident affected its own network and remains fully operational.
Attacked by Ransomware, Many Companies Opt to Pay Up
The demanded ransom is often a moderate amount that would pale in comparison to the recovery and reputational costs for a company that refuses to pay.
LabCorp Hit by Ransomware But No Data Stolen
The strain of ransomware that was reportedly used in the attack on LabCorp can "effectively lock down a computer, encrypting all the files inside."
Atlanta Hack Highlights Ransomware Dangers
The crippling attack on Atlanta's network shows that local governments need to “start considering cybersecurity on the same level as public safety.”
Enemy Cyber Campaigns Target Private Sector
World War II strategy offers insights into how nation-states are hacking into U.S. companies.
Data Held Hostage
The damage inflicted in this year’s ransomware attacks will force corporations to review their IT resilience.