colonial pipeline
Russia’s FSB ‘shuts down’ notorious REvil ransomware gang
The Russian Federal Security Service (FSB) announced on Friday that it has raided and shut down the operations of the notorious REvil ransomware gang. The unprecedented move — which will undoubtedly
The year the tide turned on ransomware
This year was rife with ransomware. 2021 witnessed the attack on IT software company Kaseya that knocked 1,500 organizations offline, the CD Projekt Red hack that saw threat actors make off with sourc
US charges Kaseya hacker and seizes $6M from REvil ransomware gang
The U.S. Department of Justice (DOJ) has charged a 22-year-old Ukrainian citizen linked to the REvil ransomware gang for orchestrating the July ransomware attack against U.S. technology firm Kaseya. I
US government offers $10M bounty for DarkSide ransomware hackers
The U.S. Department of State is upping the ante in its fight against ransomware by offering a reward of up to $10 million for information that helps identify or track down leaders of the notorious Dar
Industrial cybersecurity startup Dragos raises $200M, valuation soars to $1.7B
Dragos has raised $200 million in Series D funding at a valuation of $1.7 billion. The investment, which Dragos says is also the largest funding round achieved by an industrial cybersecurity firm, was
CISA, NSA, FBI say BlackMatter ransomware group is targeting the US food industry
A joint advisory issued by the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI) and the National Security Agency (NSA) has warned that the BlackMatter
Technology giant Olympus hit by BlackMatter ransomware
Olympus said in a brief statement that it is “currently investigating a potential cybersecurity incident” affecting its European, Middle East and Africa computer network. “Upon detec
Industrial cybersecurity startup Nozomi Networks secures $100M in pre-IPO funding
Nozomi Networks, an industry cybersecurity startup that aims to shield critical infrastructure from cyberattacks, has raised $100 million in pre-IPO funding. The Series D funding round was led by Tr
This crowdsourced payments tracker wants to solve the ransomware visibility problem
Ransomware attacks, fueled by COVID-19 pandemic turbulence, have become a major money earner for cybercriminals, with the number of attacks rising in 2020. These file-encrypting attacks have continued
To end cyberterrorism, the government should extend a hand to the private sector
The reality is that while companies can get smarter about cyber defenses and users can get more vigilant in their cyber hygiene practices, only the government has the power to end this behavior.
Zero trust unicorn Illumio closes $225M Series F led by Thoma Bravo
Illumio, a self-styled zero trust unicorn, has closed a $225 million Series F funding round at a $2.75 billion valuation. The round was led by Thoma Bravo, which recently bought cybersecurity vendor
Biden’s executive order on cybersecurity should include behavior transparency
The cyber executive order, alongside sanctions on Russia, are strong indications the Biden administration intends to take a far more proactive approach to cybersecurity. But it's not quite enough.
Ukrainian police arrest multiple Clop ransomware gang suspects
Multiple suspects believed to be linked to the Clop ransomware gang have been detained in Ukraine after a joint operation from law enforcement agencies in Ukraine, South Korea and the United States. T
Are we overestimating the ransomware threat?
On Monday afternoon, the U.S. Justice Department said it has seized much of the cryptocurrency ransom that U.S. pipeline operator Colonial Pipeline paid last month to a Russian hacking collective call
The rise of cybersecurity debt
In software development, there is a concept called "technical debt." It describes the costs companies pay when they choose to build software the easy (or fast) way instead of the right way.
FireEye to sell products unit to Symphony-led group for $1.2B
Cybersecurity giant FireEye has agreed to sell its products business to a consortium led by private equity firm Symphony Technology Group for $1.2 billion. The all-cash deal will split FireEye, the ma
GasBuddy tops the App Store for the first time due to Colonial Pipeline attack
The GasBuddy mobile app, which typically helps consumers find the cheapest gas nearby, has now become the No. 1 app on the U.S. App Store for the first time ever, due to the fuel shortages in the U.S.