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F.B.I. Identifies Group Behind Pipeline Hack The attack by DarkSide, a relatively new criminal group believed to have roots in Eastern Europe, exposed the remarkable vulnerability of key American infrastructure. President Biden said on Monday that the government had mitigated any effect the pipeline hack might have had on the United States’ fuel supply.Credit...Doug Mills/The New York Times May 10, 2021 President Biden said on Monday that the United States would “disrupt and prosecute” a criminal gang of hackers called DarkSide, which the F.B.I. formally blamed for a huge ransomware att...

FBI’s cyber division personnel in front of a computer screen. In late 2020 and 2021 law enforcement scored a series of victories against cybercriminal actors, shutting down certain operations, seizing assets and/or making arrests related to Egregor ransomware, NetWalker RaaS and the Emotet botnet. (FBI) Counter to initial fears, researchers say the ransomware cartel formed by the Maze cybergang starting in May 2020 never hit its stride. Indeed, experts who spoke with SC Media said they doubt enough incentive currently exists for competing threat actors to overcome the inherent challenge...

Did 4 Major Ransomware Groups Truly Form a Cartel? An analysis of well-known extortion groups and their cryptocurrency transactions reveals the answer. A collection of ransomware groups that banded together to create a "cartel" rarely collaborate and don't share profits, suggesting that concerns over a sprawling cybercriminal organization are overblown, according to Analyst1. The four cybercriminal groups — Twisted Spider, Viking Spider, Wizard Spider, and the Lockbit Gang — announced at different times throughout summer 2020 that they would be working together but gave few other details....

DiMaggio’s study is a broad examination of attacks in recent months, examining the goals, practices and payoffs of what he calls the world’s first 'ransom cartel’. — AFP Relaxnews One gang of cybercriminals extorted at least US$75mil (RM309.86mil) from private sector companies, local governments and hospitals, a former NSA contractor concluded in a months-long study released on April 7, an alarming sign of the potential financial rewards for online attacks. Jon DiMaggio, the chief security strategist at Virginia-based Analyst1, estimated the group known as Twisted Spider used the Egre...

namussi/Getty This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Ransomware gangs that lock up companies' data demanding payment may cost firms $20 billion this year. Companies are using cyber insurance to help pay ransoms because cybersecurity has no easy answers. Gangs, many located in Russia, and using their loot to invest in AI and other tools to be more effective. The world is getting better at paying off ransomware gangs. Ransomware ...