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North Carolina moves toward ban on ransomware payments

(Colin Wood / Scoop News Group) Share May 14, 2021 | STATESCOOP The North Carolina House of Representatives on Wednesday unanimously passed legislation that would prohibit state and local agencies from paying ransomware demands or communicating with criminal actors who attempt to encrypt government networks or steal data. The ban, introduced by state Rep. Jason Saine, would also apply to schools, state universities and community colleges throughout North Carolina. It wo...
North Carolina United States Lincoln County Joe Biden Ransomware Task Department Of Information Technology

Cybersecurity Experts Call for Stronger Action to Disrupt Ransomware 'Business Model'

Cybersecurity Experts Call for Stronger Action to Disrupt Ransomware Business Model Newsweek 2 hrs ago Meghan Roos © Chesnot/Getty Images Cyber experts are calling for a coordinated effort in the U.S. and among allied countries to prevent and respond to ransomware attacks. In this photo illustration, which is unrelated to the WMPD ransomware attack, a hacker with an Anonymous mask on his face and a hood on his head uses a computer on December 27, 2019 in Paris, France. A ra...
United States France General Alejandro Mayorkas Robertj Contee Michael Daniel Robert Contee
Source: msn.com

Ransomware on the Rise in Critical Infrastructure Sector | King & Spalding

To embed, copy and paste the code into your website or blog: Recent ransomware attacks against U.S. critical infrastructure, which includes the energy sector’s production of oil and natural gas, and other sources of electricity and power, have shed a spotlight on the importance of staying updated on sector-specific techniques, tactics and procedures (“TTPs”), and preventative and remediation actions. This Client Alert will: (1) provide a brief background on the nature and risks of ransomw...
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COVID challenges business cybersecurity pros

COVID challenges business cybersecurity pros By Jeremy Hainsworth | May 12, 2021, 11:17am Cyber threats continue to morph as technology changes and crooks become more sophisticated | Image: Getty Images Half of Canada’s business cyber security officers believe their company is very or somewhat likely to experience an attack, says a survey of 100 global field leaders released May 12. Just less than half of those leaders believe employees understand their role ...
United States Lucia Milic Ransomware Task Derek Manky Ransomware Task Force ஒன்றுபட்டது மாநிலங்களில்
Source: biv.com

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Industry Reactions to Ransomware Attack on Colonial Pipeline

By Eduard Kovacs on May 12, 2021 Colonial Pipeline, the largest refined products pipeline in the United States, last week revealed that it was forced to shut down operations after being hit by a piece of ransomware. The attack, which involved the Darkside ransomware, had significant implications, including states declaring a state of emergency, temporary gas shortages caused by panicked motorists stocking up over fears of gas shortages caused by the hack, and gas prices rising. Darkside has be...
United States Marcin Kleczynski Vladimir Kuskov Darkside Ransomware Setu Kulkarni Chris Kubic

The Colonial Pipeline attack: What government can do to deter attacks

An aerial view of a Colonial Pipeline tank farm. A cyberattack that forced company to pause operations has cybersecurity experts questioning what tactics the U.S. government can take to deter cybercriminals. (Colonial Pipeline) The cyberattack on the Colonial Pipeline spurred a clear message from the White House Monday that the onus lies with critical infrastructure owners and operators to secure their own networks. That leaves some demanding more from government to deter cybercriminals by plac...
United States Megan Stiffel Jim Lewis Anne Neuberger Department Of Homeland Security Department Of Justice

Experts suggest French insurer AXA's plan to shun ransomware payouts will set a precedent

Experts suggest French insurer AXAs plan to shun ransomware payouts will set a precedent This photograph taken on April 26, 2021 in Paris shows a physical imitation of the Bitcoin cryptocurrency displayed on foreign bank notes. (Photo by Martin BUREAU / AFP) (Photo by MARTIN BUREAU/AFP via Getty Images) Share May 10, 2021 | CYBERSCOOP When French insurer AXA signaled last week that it would no longer write new cyber-insurance policies covering  extortion payouts to crimina...
New York United States Austin Berglas Tim Starks Jon Dimaggio Christine Weirsky

FBI Blames DarkSide on Colonial Pipeline Cyberattack

FBI Blames DarkSide on Colonial Pipeline Cyberattack May 11, 2021 06:23 GMT   ·  Comment      Colonial Pipeline Ransomware The operator of a major U.S. fuel pipeline (Colonial Pipeline), that was recently hit by a cyberattack, stated on Monday that it expects services to be mostly restored by the end of the week. FBI and administration officials managed to identify the perpetrators as a gang of criminal hackers.  Colonial Pipeline, which transports about 45% of the fuel consumed...
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