With ransoms skyrocketing, bipartisan legislation in the works would mandate immediate federal reporting of ransomware attacks to assist response, help identify the authors and even recuperate ransoms.
The company disclosed on its website May 12 what it described as a “cyber security incident” that resulted in the “theft of certain customers’ payment information.”
The escalating havoc caused by ransomware gangs raises an obvious question: Why has the United States, believed to have the world’s greatest cyber capabilities, looked so powerless to protect its citizens?
Five of JBS’ largest beef plants in the United States ceased processing because of the attack, knocking out almost one-fifth of the country’s beef production capacity.
The order directs the Commerce Department to craft cybersecurity standards for companies that sell software services to the federal government – a move that officials say they hope will ripple across the private sector.
The new privacy feature, dubbed “App Tracking Transparency,” rolled out Monday as part of an update to the operating system powering the iPhone and iPad.
The partnership, which is expected to tackle several research projects per year, is aimed at strengthening the cybersecurity of Rolls-Royce’s products, which are used in civilian and military aircraft, nuclear power plants and other applications.
Last year was the worst to date in terms of the economic toll from ransomware, with demands to victims averaging more than $100,000 and in some cases totaling tens of millions of dollars.
Indianapolis-based Trava Security Inc., which makes and markets an automated risk-management and cyber-insurance software platform, said it would use the funding on product development and to boost its workforce.
Victims of a massive global hack of Microsoft email server software—estimated in the tens of thousands by cybersecurity responders—worked Monday to shore up infected systems and try to diminish chances that intruders might steal data or hobble their networks.
The digital giant has been working on proposals to remove from Chrome so-called third party cookies, which are snippets of code used by a website’s advertisers to record browsing history in order to show users personalized ads.
Microsoft said that a “highly skilled and sophisticated” state-sponsored group operating from China has been trying to steal information from a number of American targets, including universities, defense contractors, law firms and infectious-disease researchers.
In the first congressional hearing on the breach, representatives of technology companies involved in the response described a hack of almost breathtaking precision, ambition and scope.
The hackers, as yet unidentified but described by officials as “likely Russian,” had unfettered access to the data and email of at least nine U.S. government agencies and about 100 private companies, with the full extent of the compromise still unknown.
U.S. officials and cybersecurity experts have sounded the alarm for years about a problem that has caused havoc, including billions of dollars in financial losses, while also defying easy solutions from the government and private sector.
Microsoft said Thursday in a blog post that hackers tied to a massive intrusion of dozens of U.S. government agencies and private companies sneaked further into its systems than previously thought.
The hack compromised federal agencies and “critical infrastructure” in a sophisticated attack that was hard to detect and will be difficult to undo, the Cybersecurity and Infrastructure Security Agency said in an unusual warning message.
This year’s months-long hack of federal networks has revealed new weaknesses and underscored some previously known ones, including the government’s reliance on widely used commercial software that provides potential attack vectors for nation-state hackers.
The potential threat was significant enough that the Department of Homeland Security’s cybersecurity unit directed all federal agencies to remove compromised network management software and thousands of companies were expected to do the same.
High Alpha’s latest portfolio company, Trava, makes and markets an automated risk-management and cyber-insurance software platform designed for small- and mid-sized businesses.
