Saturday, October 19

Tag: Cybercrime/Hacking

A Ransomware Gang Wanted Its Victim to Pay Up. So It Went to the SEC.
18Nov By adminNo Comments
World

A Ransomware Gang Wanted Its Victim to Pay Up. So It Went to the SEC.

Nov. 18, 2023 10:00 am ETThe call is coming from inside the hack.A ransomware gang claimed this past week that it broke into the systems of the fintech platform MeridianLink. The breach has been reported to regulators. The company didn’t report it, as new rules will require them to do. The hackers did.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Israeli Gets U.S. Prison Time for Hacking Scheme That Targeted Climate Advocates Fighting Exxon  
16Nov By adminNo Comments
World

Israeli Gets U.S. Prison Time for Hacking Scheme That Targeted Climate Advocates Fighting Exxon  

Updated Nov. 16, 2023 4:31 pm ETAn Israeli private detective was sentenced to nearly seven years in prison Thursday for his role in a hacking-for-hire scheme that involved attempts to discredit investigations into whether Exxon Mobil deceived the public about the risks of climate change. Aviram Azari pleaded guilty last year in a New York federal court to managing illegal intelligence-gathering and spear-phishing campaigns from 2014 until his arrest in 2019. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Cyber Experts Worry AI Could Create a World of Haves and Have-Nots
15Nov By adminNo Comments
World

Cyber Experts Worry AI Could Create a World of Haves and Have-Nots

Nov. 15, 2023 2:49 pm ET|WSJ ProNEW YORK—Cybersecurity experts said that the growing sophistication of artificial-intelligence systems could create a new poverty line for cyber, where companies that can afford to research and develop the technology end up better protected against hackers than those that cannot.Security chiefs and vendors say AI systems, and in particular generative AI, may offer significant benefits for defending against hacks. These include the ability to quickly sift through vast amounts of data to flag potential compromises, identifying vulnerabilities in products and serving as assistive research tools for analysts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Protect your customers and organization from cyber riskS...
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ICBC Hackers Used Methods Previously Flagged by U.S. Authorities
14Nov By adminNo Comments
Money

ICBC Hackers Used Methods Previously Flagged by U.S. Authorities

The hackers who infiltrated the New York arm of the Industrial and Commercial Bank of China and disrupted trading in the U.S. Treasury market appeared to exploit three vulnerabilities that had been flagged by U.S. officials earlier this year.In an email sent to financial-services executives and trade groups Monday that was viewed by The Wall Street Journal, Treasury officials said that the ICBC attack stemmed from Lockbit 3.0 ransomware and two tactics that target users of services managed by Citrix, a cloud-computing company.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Google Sues to Block AI Ads Preying on Small Businesses
13Nov By adminNo Comments
Technology

Google Sues to Block AI Ads Preying on Small Businesses

Scammers are capitalizing on the rush of consumer interest in artificial-intelligence tools to steal U.S. small businesses’ social-media-account passwords, Google alleges in a new lawsuit. The lawsuit, filed Monday, targets unnamed individuals in India and Vietnam. Google said the hackers have been tricking small-business owners into clicking on Facebook ads that offer to download Google’s Bard artificial-intelligence chatbot. When they do, the ads hit them with malware that steals their social-media credentials. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Major Australian Ports Reopen After Cyberattack Halts Operations
13Nov By adminNo Comments
World

Major Australian Ports Reopen After Cyberattack Halts Operations

Updated Nov. 12, 2023 11:20 pm ETSYDNEY—Some of Australia’s biggest ports restarted operations on Monday following a cyberattack that disrupted container traffic ahead of Christmas and highlighted vulnerabilities in the nation’s critical infrastructure.Dubai-based DP World shut down its terminals in Sydney, Melbourne, Brisbane and Fremantle after detecting suspicious activity on its systems on Friday. Operations at the four terminals, which handle almost 40% of goods in and out of the country, resumed on Monday morning after it successfully tested key systems.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Hackers Hit Wall Street Arm of Chinese Banking Giant ICBC
10Nov By adminNo Comments
Money

Hackers Hit Wall Street Arm of Chinese Banking Giant ICBC

Updated Nov. 10, 2023 8:03 am ETA U.S. subsidiary of China’s biggest bank was hacked this week, threatening a temporary logjam for some trades in the Treasury bond market.ICBC Financial Services, a New York-based entity owned by the Industrial and Commercial Bank of China, was the victim of a ransomware attack on Wednesday. The unit largely focuses on clearing, which means ensuring that transactions previously agreed by traders go through, and on lending and borrowing through repurchase agreements—a form of collateralized funding that forms a vital part of the financial system. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Australia’s Optus Sees No Sign of Cyberattack in Large-Scale Outage
8Nov By adminNo Comments
World

Australia’s Optus Sees No Sign of Cyberattack in Large-Scale Outage

Updated Nov. 7, 2023 8:03 pm ETSYDNEY—Singapore Telecommunications-owned Optus has no evidence that a cyberattack was to blame for a network outage affecting millions of customers including emergency services, hospitals and transport systems.The cause of Wednesday’s outage at Australia’s second-largest mobile operator, which in 2022 was hit by a cyberattack in which customer details were stolen, had yet to be identified more than seven hours after customers first complained of problems. There was no sign of an attack and software issues were highly unlikely, Optus Chief Executive Kelly Bayer Rosmarin said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SEC Sues SolarWinds Over 2020 Hack Attributed to Russians
5Nov By adminNo Comments
Technology

SEC Sues SolarWinds Over 2020 Hack Attributed to Russians

Updated Oct. 30, 2023 5:41 pm ETThe Securities and Exchange Commission on Monday sued SolarWinds, the software company victimized by Russian-linked hackers over three years ago, alleging the firm defrauded shareholders by repeatedly misleading them about its cyber vulnerabilities and the ability of attackers to penetrate its systems.The SEC’s lawsuit is a milestone in its evolving attempt to regulate how public companies deal with cybersecurity. A hack that steals business secrets or customer data often pummels the victim company’s stock price, showing why firms with public shareholders have to accurately disclose such threats, the SEC says. The regulator recently imposed stricter cybersecurity reporting rules for public companies. Copyright ©2023 Dow Jones & Company, Inc. All Rights ...
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