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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...
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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 ...
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Source: biv.com

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...
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Five facts about ransomware attacks

The Straits Times A Colonial Pipeline facility in Baltimore, Maryland on May 10, 2021.PHOTO: EPA-EFE PublishedMay 11, 2021, 11:34 am SGT https://str.sg/Jtjv They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month f...
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Hackers 'launched cyberattacks on more than 24 other companies'

At least two dozen unnamed companies were also affected, according to reports They were helped by other companies and US agencies, Bloomberg said Monday Gas stations from Florida to Atlanta to Virginia were closing their pumps Monday evening due to a fuel shortage brought on by the Colonial Pipeline hack   Officials have warned the attack shows how vulnerable the US is to cyberattacks Biden said Monday: We need to invest to safeguard our critical infrastructure Energy Secretary Jennifer Gran...
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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...
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Today's D Brief: Deadly violence in Gaza & Israel; 'Ransomware explosion'; Army end-strength cap; Warning shots in the Gulf; And a bit more...

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Colonial Pipeline: How hackers are making millions and threatening national infrastructure

One of the largest cybersecurity attacks on US infrastructure devastated a fuel pipeline and cut oil supplies to much of the East Coast. The ransomware attack on the Colonial Pipeline, the USs largest fuel pipeline, took the company offline and could see petrol prices rise if the situation is not resolved in the next few days. The hacker group responsible, DarkSide, believed to be based in Russia, issued an apology on Monday, saying its goal was not in "creating problems for society" but "to ma...
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