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DOGE as a National Cyberattack

Schneier on Security

Just as launching a nuclear missile requires two separate officers turning their keys simultaneously, making changes to critical financial systems traditionally requires multiple authorized personnel working in concert. When your local bank processes a large transfer, it requires two different employees to verify the transaction.

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How Did Authorities Identify the Alleged Lockbit Boss?

Krebs on Security

Pin was active on Opensc around March 2012, and authored 13 posts that mostly concerned data encryption issues, or how to fix bugs in code. 2011 said he was a system administrator and C++ coder. “Cryptolockers made a lot of noise in the press, but lazy system administrators don’t make backups after that.

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A member of the FIN7 group was sentenced to 10 years in prison

Security Affairs

The Ukrainian national Fedir Hladyr (35), aka “das” or “AronaXus,” was sentenced to 10 years in prison for having served as a manager and systems administrator for the financially motivated group FIN7 , aka Carbanak. Hladyr also controlled the organization’s encrypted channels of communication.”

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Microsoft warns of Human-Operated Ransomware as a growing threat to businesses

Security Affairs

“They exhibit extensive knowledge of systems administration and common network security misconfigurations, perform thorough reconnaissance, and adapt to what they discover in a compromised network.” ” reads the post published by Microsoft.

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FBI Issues Flash Advisory on Conti Ransomware Attacks Impacting Healthcare and First Responder Networks

Hot for Security

Like most ransomware variants, Conti typically steals victims’ files and encrypts the servers and workstations in an effort to force a ransom payment from the victim,” the agency notes. The group is said to have infected more than 400 organizations worldwide, including more than 290 in the US.

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FIN7 sysadmin behind “billions in damage” gets 10 years

Malwarebytes

Hladyr is the systems administrator for the FIN7 hacking group, and is considered the mastermind behind the Carbanak campaign , a series of cyberattacks said to stolen as much as $900 million from banks in early part of the last decade. The campaigns all started with spear-phishing targeted at bank employees. The malware.

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Russian-speaking cybercrime evolution: What changed from 2016 to 2021

SecureList

Back in 2016, the primary focus of our expert was on major cybergangs that targeted financial institutions, banks in particular. Big names such as Lurk , Buhtrap, Metel , RTM, Fibbit and Carbanak boldly terrorized banks nationwide, yet eventually fell apart or ended up behind bars — with our help too. Change of targets.