Tag: Ransomware
BlackCat sharpens its claws
Cybersecurity firm Coalfire reports that the ALPHV/BlackCat ransomware gang has been causing mayhem over the past year using a failsafe delivery system. The group suspects that the leaders of BlackCat are affiliated with the top ransomware gang, the infamous LockBit.
Weak cyber M&A activity shows significant slowdown – August 21st
Crunchbase News reported that “The first seven months of the year saw only 34 cyber startups get acquired,” compared to a high of 123 in 2021 and a significantly reduced 82 last year. Rising interest rates and geopolitical tensions that have already hit the tech sector hard are now clearly putting a damper on M&A activity in cyber.
LinkedIn accounts suffer ongoing attack – August 16th
The attack allowed bad actors to lock LinkedIn users out of their accounts and resulted in ransom demands to allow users to access their accounts again. The ongoing attacks caused LinkedIn account inquiries to spike by 5000%. The full report is available on Cyberint’s website.
Microsoft One Drive doubles as ransomware tool
Microsoft's OneDrive includes built in ransomware detection and recovery and is marketed as a safe place to store sensitive documents. However, SafeBrach Researcher, Or Yair, was able to demonstrate its worrying capability to be used by the very criminals it was built to protect against.
Barracuda again the target of malware attack – August 14th
Barracuda Email Security Gateway devices have again been violated, this time through a novel backdoor malware named 'Whirlpool.' The US Cybersecurity and Infrastructure Security Agency (CISA) has identified the breach to be the work of a pro-China group of hackers. The threat actors have targeted a zero-day remote command injection vulnerability through the malware. Reports say this vulnerability was used to plant malware payloads of Seapsy and Whirlpool backdoors on compromised devices.