cyberattacks News

FTX Was Run as ‘Personal Fiefdom,’ Faces Hacks and Missing Assets: Attorneys

FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchange said in its first bankruptcy hearing as they detailed ongoing challenges such as hacks and substantial missing assets. In the highest-profile crypto …

Hackers Targeting Tech Supply Chains Spur Security Startup Boom

Cyberattacks on the digital supply chain have become increasingly common, as hackers seek out weak links among makers of computer code and equipment to breach organizations that depend on the technologies. In 2020, for example, hackers suspected of working for …

More Frequent, More Expensive Cyberattacks Spur US Spending on IT

A new study from insurer Hiscox shows that cyberattacks on U.S. businesses are more frequent and more expensive than ever before. The annual Hiscox Cyber Readiness Report, which gauges businesses’ preparedness to combat cyber incidents and breaches, surveyed over 5,000 …

Russian Hackers Also Focused on US and NATO Since Invasion

Russia is expanding its espionage and influence operations against Ukraine and its allies, including malicious cyber activity that requires a coordinated, robust response, Microsoft Corp said in a report published Wednesday. Russia has deployed a three-pronged strategy of coordinated military, …

Task Force: Idaho Must Shore Up Cybersecurity

Idaho needs to be better prepared to defend against inevitable cyberattacks that could harm individuals, businesses and critical infrastructure, the Governor’s Cybersecurity Task Force said in a new report. The 34-page report contains 18 major recommendations that include providing active …

FBI Says Russian Hackers Scanning U.S. Energy Systems and Pose ‘Current’ Threat

Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a “current” threat to American national security, a top FBI official told lawmakers on Tuesday. “The …

Russian Invasion of Ukraine, Cyberattacks, and War Exclusions in P/C Policies

The Russian invasion of Ukraine may result in cyberattacks causing widespread and severe losses, in those nations and beyond. Even before the current invasion, some Russian cyberattacks aimed at Ukraine spread to other nations. The most prominent of these was …

British Police Arrest 7 Suspected Members of Lapsus$ Hacking Group

Police in Britain have arrested seven people following a series of hacks by the Lapsus$ hacking group which targeted major firms including Okta Inc. and Microsoft Corp., City of London Police said on Thursday. San Francisco-based Okta Inc, whose authentication …

Kremlin Dismisses U.S. Warning of Potential Russian Cyber Attacks

The Kremlin on Tuesday rejected U.S. warnings that it may be preparing to conduct cyber attacks in response to Western sanctions, and said it did not engage in “banditry.” U.S. President Joe Biden on Monday told businesses to do more …

Biden Sees Risk of Russian Cyberattack on U.S. as Sanctions Bite

President Joe Biden warned Monday about new indications of possible Russian cyberattacks, pumping up the volume on weeks of growing concern about a possible Kremlin-ordered response to crushing sanctions over the invasion of Ukraine. Biden reiterated those warnings, prompted by …