The Justice Department is taking new aim at ransomware after a year that officials say was the costliest on record for the crippling cyberattacks. Formation of a task force of FBI agents and Justice Department prosecutors is an acknowledgment of the growing threat posed by ransomware attacks, in which hackers lock up computer data and […]
Search results for "security"
The Biden administration is taking steps to protect the country’s electricity system from cyberattacks through a new 100-day initiative combining federal government agencies and private industry. The initiative, announced Tuesday by the Energy Department, encourages owners and operators of power plants and electric utilities to improve their capabilities for identifying cyber threats to their networks. […]
Suspected state-backed Chinese hackers exploited widely used networking devices to spy for months on dozens of high-value government, defense industry and financial sector targets in the U.S. and Europe, according to FireEye, a prominent cybersecurity firm. FireEye said Tuesday that it believes two hacking groups linked to China broke into several targets through Pulse Connect […]
Chinese President Xi Jinping on Tuesday called for more equitable management of global affairs and, in an implicit rejection of U.S. dominance, said governments shouldn’t impose rules on others. Xi’s speech at an economic forum comes amid rising tension with China’s neighbors and Washington over its strategic ambitions and demands for a bigger role in […]
The sprawling hacking campaign deemed a grave threat to U.S. national security came to be known as SolarWinds, for the company whose software update was seeded by Russian intelligence agents with malware to penetrate sensitive government and private networks. Yet it was Microsoft whose code the cyber spies persistently abused in the campaign’s second stage, […]
A global epidemic of digital extortion known as ransomware is crippling local governments, hospitals, school districts and businesses by scrambling their data files until they pay up. Law enforcement has been largely powerless to stop it. One big reason: Ransomware rackets are dominated by Russian-speaking cybercriminals who are shielded — and sometimes employed — by […]
The Treasury Department on Thursday slapped six Russian technology companies with sanctions for supporting Kremlin intelligence agencies engaged in “dangerous and disruptive cyber attacks.” But only one of them stands out for its international footprint and partnerships with such IT heavyweights as Microsoft and IBM. That company, Positive Technologies, claims more than 2,000 customers in […]
The Romanian government approved on Thursday a United States-supported bill banning China and its mammoth telecoms vendor Huawei from participating in the country’s 5G development efforts, reported Reuters citing a member of the IT&C and National Security Committee. Romania joins the likes of the U.S., UK, India, and Taiwan who consider Huawei to be persona […]
If there’s something that the turn of the decade proved, its that due diligence needs to be taken to the next level. The pandemic brought businesses across the world to a screeching halt and put the global economy on its knees as waves of lockdown measures forced people to take refuge within their homes. A […]
Coinbase made a rousing debut on Wall Street, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion. Coinbase Global Inc.‘s initial public offering happened with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. Digital currencies are being incorporated into business plans […]