Ransomware

Feds Seized the Colonial Pipeline Bitcoin Ransom in California

The Justice Department announced on Monday that it had recovered $2.3 million of the cryptocurrency ransom paid by Colonial Pipeline Co. to ransomware hackers. The funds were seized from an account located in California, leading many to suspect the ransom was paid to a Coinbase wallet — a claim the cryptocurrency exchange has denied.

Israel seeks to beat election cyber bots

Deputy A.G. Monaco: We Don’t Know if JBS Paid Ransom

On Friday’s broadcast of CNBC’s “Fast Money Halftime Report,” Deputy Attorney General Lisa Monaco stated that the government doesn’t know whether meat producer JBS paid ransom in response to a cyberattack against the company. CNBC Senior Washington Correspondent Eamon Javers

Lisa Monaco on 6/4/2021 "Fast Money Halftime Report"

Colonial Pipeline CEO Explains Why He Made Ransomware Hackers Rich

The CEO of Colonial Pipeline, Joseph Blount, has attempted to explain why he chose to pay a $4.4 million ransom to hackers that took the pipeline’s system hostage. According to one expert, the Colonial Pipeline payoff will “help keep United States critical infrastructure providers in the crosshairs.”

Colonial Pipeline CEO Joseph Blount

Wired: Colonial Pipeline’s Ransomware Payoff Keeps Infrastructure ‘in the Crosshairs’

A recent report from Wired reveals that a week after a ransomware attack shut down Colonial Pipeline halting fuel distribution on the East Coast, the company paid a reported $5 million dollar ransom to regain control of their systems and resume operations. The payoff may lead to future ransomware attacks, as one expert notes: “Unfortunately, it’ll help keep United States critical infrastructure providers in the crosshairs. If a sector proves to be profitable, they’ll keep on hitting it.”

Hackers-Hacking-Reuters

GasBuddy Tops Apple App Store Amid Gas Shortages, Suffers Outages

GasBuddy, an app that helps users to find the best availability and prices on fuel, has topped Apple’s App Store this week amidst the gas shortage caused by the recent ransomware cyberattack on the Colonial Pipeline. The app has proved so popular that its servers have experienced outages this week.

Cars line up to fill their gas tanks at a COSTCO at Tyvola Road in Charlotte, North Carolina on May 11, 2021. - Fears the shutdown of a major fuel pipeline would cause a gasoline shortage led to some panic buying and prompted US regulators on May 11, 2021 to …

Exclusive – Cybersecurity Expert: Ransomware Attacks Happen Because the Bad Guys Make Big Money

Morgan Wright, the Chief Security Advisor at SentinelOne and former Senior Advisor of the U.S. State Department and the Anti-Terrorism Assistance Program, appeared on SiriusXM’s Breitbart News Daily with host Alex Marlow on Wednesday to discuss the recent rise in ransomware attacks. According to Wright, “if you remove the ability to monetize this, these gangs are out of business because they’re only in it for one reason — to make money.”

Russian hacker in the hood threatens with his fist against the backdrop of a tricolor from a binary code, cyber threat

Apple Targeted in $50M Ransomware Attack

Tech giant Apple has reportedly been targeted in a $50 million ransomware attack following the theft of a collection of engineering and manufacturing schematics of current and future products.

The Associated Press

Ransomware Hackers Leak Personal Data from Nevada School District

Confidential personal data was compromised by hackers that targeted the Clark County School District in Clark County, Nevada, last week. A cybersecurity firm claims that the hackers publicly released all of the documents they gained access to after the district refused to pay the ransom. The compromised data includes the social security numbers of district employees.

Israel seeks to beat election cyber bots

New Orleans Declares State of Emergency After Cyberattack

New Orleans city computer went offline on Sunday after suffering a cyberattack. City employees were instructed to shut down their computers to prevent further data breaches as IT security personnel worked to regain control of the system. The city has reportedly declared a state of emergency over the matter.

Participant hold their laptops in front of an illuminated wall at the annual Chaos Computer Club (CCC) computer hackers' congress, called 29C3, on December 28, 2012 in Hamburg, Germany. The 29th Chaos Communication Congress (29C3) attracts hundreds of participants worldwide annually to engage in workshops and lectures discussing the role …