AlphaBay and Hansa Brought Down by Basic Mistakes, Indictment Reveals

On Thursday morning, the Department of Justice, Europol, and Dutch authorities announced a coordinated law enforcement takedown of AlphaBay and Hansa Market, two of the three largest dark web marketplaces used to buy and sell illicit goods and services. AlphaBay has been offline since July 5, the same day that founder Alexander Cazes was arrested… Read More

Weekly Cyber Risk Roundup: Big Telecom Leaks and AlphaBay Goes Offline

Massive database leaks were once again among the week’s top trending cybercrime targets, including incidents involving U.S. Verizon customers, France’s Orange S.A, and India’s Reliance Jio Infocomm. The Verizon leak was caused by a third-party engineer at NICE Systems and affected as many as 14 million U.S. customers. The engineer appears to have created a… Read More

Weekly Cyber Risk Roundup: Cryptocurrency Wallets Emptied and a Dozen Power Plants Breached

Cryptocurrency theft was among the week’s top trending cybercrime practices due to users at both South Korean cryptocurrency exchange Bithumb and Classic Ether Wallet reporting that their digital currency wallets were emptied due to cyber-attacks. Bithumb reported that one of its employees personal computers had been hacked in February 2017 and that the personal details… Read More

Weekly Cyber Risk Roundup: Banks Threatened with DDoS Attacks and Researchers Investigate NotPetya

South Korean financial institutions dominated the week’s top trending targets due to a series of extortion demands that have threatened distributed denial-of-service (DDoS) attacks unless those institutions pay between 10 and 15 bitcoins ($24,000 to $36,000) in ransom each. At least 27 financial institutions received the extortion demands from a group claiming to be the… Read More

Weekly Cyber Risk Roundup: Million Dollar Extortion Payments and TheDarkOverlord Loses Credibility

Ransomware made headlines this past week due to several infections that disrupted business operations, as well as a million dollar extortion payment that was negotiated by South Korean web hosting firm Nayana after its servers were infected with Erebus Ransomware on June 10. Nayana said the payment was necessary to restore 150 servers and the… Read More

Preparedness & Cyber Risk Reduction Part Four: Awareness and Operational Training

In our ongoing series on Preparedness & Cyber Risk Reduction, we’ve discussed an “Introduction to the Preparedness Cycle” and we’ve explored the topics of preparedness and operational planning, and organizing and equipping. In our sustained effort to reduce risk through proper preparedness, we’ll tackle the next critical step in the Preparedness Cycle — training. To… Read More

Weekly Cyber Risk Roundup: Industroyer Malware and Fines for Delayed Breach Notification

Ukrainian power utility Ukrenergo was back in the news as the top trending cybercrime target after researchers analyzed new samples of a destructive malware, dubbed “Win32/Industroyer,” which they said was likely used in the December 2016 attack against the Ukrainian power grid. “Industroyer is a particularly dangerous threat, since it is capable of controlling electricity… Read More

Preparedness & Cyber Risk Reduction Part Three: Organize & Equip

In Parts One and Two of this blog series, “Introduction to the Preparedness Cycle,” we took a general look at threats, risks and preparedness, as well as a slightly deeper look into planning — both preparedness and operational planning — to minimize the likelihood and impacts of the undesired threats that have the potential to… Read More

Weekly Cyber Risk Roundup: ‘Staggering’ Amount of Data Exposed and Hacks Lead to Fake News

Organizations are making it easy for cybercriminals by putting vast amounts of sensitive data at risk due to improper security configurations, various researchers recently warned, and this past week saw several new data breaches announced due to the public exposure of sensitive customer, patient, and other internal data. The first warning came from Appthority, which… Read More

TheDarkOverlord Targets Entertainment Sector with Leak of Unaired ABC Show

On Monday, the extortion group known as TheDarkOverlord released the first eight episodes of ABC’s soon-to-be-aired television show “Steve Harvey’s Funderdome” on the torrent site The Pirate Bay. The leak of the ABC show follows a similar failed extortion attempt and subsequent leak of the first ten episodes of Netflix’s upcoming season of “Orange is the… Read More