Demediuk
Cybercrime Featured Government Leadership Nation-state People

Ukraine’s Top Cyber Cop on Defending Against Disinformation and Russian Hackers

In recent years, Ukraine has become an involuntary testing ground for some of the most dangerous cyberweapons in the world. Serhii Demediuk has perhaps played the most prominent role in defending Ukraine against digital intrusions, investigating cyberattacks and the groups behind them, and strengthening the country’s capabilities in cyberspace….

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Cybercrime Featured

Why Cybercrime Losses Continue to Soar

Losses related to cybercrime have steadily climbed from $1.1 billion in 2015 to $3.5 billion in 2019, according to the FBI’s Internet Crime Complaint Center, or IC3. One reason why cybercrime losses are increasing is that there are more cyberattacks than ever before. In 2015, there were about 288,000 cybercrime-related complaints to the FBI. Complaints soared to 350,000 in 2018 and hit a whopping 467,000 in 2019, according to IC3 statistics…

The Department of Justice unsealed a series of cybersecurity indictments.
Cybercrime Featured Technology

Ex-Microsoft Employee Sentenced To 9 Years in Prison for Stealing $10 Million in Digital Currency

Sometimes the biggest threat to an organization’s data and IT systems are the employees who work there. A 26-year-old Ukranian citizen who was found guilty of stealing millions of dollars in digital currency and using the proceeds to fund a lavish lifestyle was sentenced Monday by a federal judge in Seattle to nine years in prison and ordered to pay more than $8.3 million in restitution.

phishing email
Cybercrime Featured

Double Extortion Ransomware May Be the New Normal

From July to September, a handful of new ransomware extortion websites emerged as cybercriminals embraced the tactic as a way to pressure organizations to pay demands, the report found. For example, several victims of the SunCrypt ransomware group—including a school system and hospital—had their data exposed on a website launched in August. In late September, operators associated with the Egregor ransomware family started posting samples of stolen data online giving victims three days to pay the ransom before continuing the leak…

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Cybercrime Featured

Ransomware Demands are Doubling Every Six Months, Study Finds

Just two years ago, ransomware was seen as a nuisance: For just a few thousand dollars—and sometimes even less—victims could obtain decryption keys to unlock their data. Since then, the average payment demanded by ransomware operators has skyrocketed, reaching an astounding $178,254 in the second quarter of 2020, nearly quadruple the amount demanded in the same period one year earlier…

Vastaamofi in Finland was hit by a ransomware attack
Cybercrime Featured

Hacker Directly Targets Patients Following a Data Breach at a Finnish Mental Health Provider

A data breach involving a mental health provider in Finland has devolved into a horrifying extortion scheme that includes the abuse of hypersensitive medical data. “It’s an indescribable feeling when you know that someone has information of your traumas and is willing to use it against you,” said one patient who received a ransom email over the weekend and asked not to be named given the sensitivity of the information involved. “I feel like I have once again taken a step back in my treatment. It hurts to know that my journey to better health might take even longer now.”

A hacker
Cybercrime

TrickBot Operators Show Signs of Pivoting After Takedown Attempt

U.S. Cyber Command and a team of companies and organizations led by Microsoft delivered a one-two punch in recent weeks against TrickBot, one of the world’s largest botnets. In the last couple days, however, TrickBot spamming campaigns have started up again…

The U.S. Treasury Department
Cybercrime Featured

Is It OK to Pay a Ransomware Demand? Depends Who You Ask

The U.S. Department of the Treasury issued a pair of advisories last week that could potentially shake up how organizations respond to ransomware attacks. But departments and agencies have issued a patchwork of guidelines in recent years on how to approach the issue, which might lead to some head-scratching…

Pavel Vrublevsky
Cybercrime Featured People

‘Be Careful Who You Bite’: An Interview With the Businessman at the Center of One of Russia’s Biggest Treason Scandals

In 2013, Pavel Vrublevsky’s life turned upside down. After ten years of running a successful payments firm called ChronoPay, the Russian internet entrepreneur was convicted of orchestrating a distributed denial-of-service attack against a competing payments system used by Russian airline Aeroflot. Vrublevsky talked extensively with Recorded Future expert threat intelligence analyst Dmitry Smilyanets about this event and others in a recent interview…

Picture of Red Square
Cybercrime Featured

Russian Hacker Nikulin Sentenced to Over 7 Years in Prison for Tech Industry Breaches

A Russian national was sentenced Tuesday afternoon for breaching several technology firms, capping a drawn-out legal battle that has involved competing extradition attempts, luxury sports cars, and delays due to the coronavirus outbreak…