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Who’s Behind the GandCrab Ransomware?

Krebs on Security

The crooks behind an affiliate program that paid cybercriminals to install the destructive and wildly successful GandCrab ransomware strain announced on May 31, 2019 they were terminating the program after allegedly having earned more than $2 billion in extortion payouts from victims. Image: Malwarebytes. The GandCrab identity on Exploit[.]in

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Canada Charges Its “Most Prolific Cybercriminal”

Krebs on Security

A 31-year-old Canadian man has been arrested and charged with fraud in connection with numerous ransomware attacks against businesses, government agencies and private citizens throughout Canada and the United States. Federal Bureau of Investigation (FBI) contacted them regarding ransomware attacks that were based in Canada.

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MY TAKE: A primer on how ransomware arose to the become an enduring scourge

The Last Watchdog

Stunning as these two high-profile attacks were, they do not begin to convey the full scope of what a pervasive and destructive phenomenon ransomware has become – to individuals, to companies of all sizes and, lately, to poorly defended local agencies. Probing and plundering Ransomware is highly resilient and flexible.

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Ask Fitis, the Bear: Real Crooks Sign Their Malware

Krebs on Security

More recently, it appears Megatraffer has been working with ransomware groups to help improve the stealth of their malware. According to cyber intelligence firm Intel 471 , Megatraffer has been active on more than a half-dozen crime forums from September 2009 to the present day. WHO IS MEGATRAFFER? account on Carder[.]su su from 2008.

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Colorado Department of Higher Education (CDHE) discloses data breach after ransomware attack

Security Affairs

In June a ransomware attack hit the Colorado Department of Higher Education (CDHE), now the organization disclosed a data breach. CDHE discovered the ransomware attack on June 19, 2023, it immediately launched an investigation into the security breach with the help of third-party specialists.

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MasterCard Buys Recorded Future for $2.6B: What It Means for AI Cybersecurity

SecureWorld News

Recorded Future, founded in 2009, has made its name in recent years by harnessing AI to provide real-time threat detection and predictive analytics. In the face of increasingly sophisticated threats such as ransomware, supply chain attacks, and nation-state-backed hacking groups , traditional cybersecurity methods are struggling to keep up.

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3 Top Reasons America Is Under a 'Ransomware Siege'

SecureWorld News

crime-fighting agencies testified in front of Congress this week and the hearing had a chilling title: "America Under Cyber Siege: Preventing and Responding to Ransomware Attacks". Secret Service has observed a marked uptick in the frequency, sophistication, and destructiveness of ransomware attacks against the American people.".