ransomware

Elliptic: Cross-Chain Payments Bridges Are DeFi’s Next Big AML Battleground
Elliptic: Cross-Chain Payments Bridges Are DeFi’s Next Big AML Battleground
August 11, 2022  |  Cryptocurrency

In case you thought the biggest problem with cross-chain bridges used to make payments between blockchains was that they are fantastically vulnerable to hackers, with...

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HanesBrands Speeds up Supply Chain Remake After $100M Hit From Cyberattack
HanesBrands Speeds up Supply Chain Remake After $100M Hit From Cyberattack
August 11, 2022  |  Retail

After suffering a cyberattack that cost it $100 million in net sales, HanesBrands is pressing forward with its efforts to remake its supply chain and...

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Ransomware Fraudsters Pivot as Payments Shrink 
Ransomware Fraudsters Pivot as Payments Shrink 
July 29, 2022  |  Security & Fraud

Cybercriminals engaged in ransomware-as-a-service (RaaS) have been forced to pivot in how they run their fraudulent operations, as fewer victims coughed up payments this year...

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DOJ Recovers $500K in Healthcare Ransom Demanded by North Korean Hackers 
DOJ Recovers $500K in Healthcare Ransom Demanded by North Korean Hackers 
July 21, 2022  |  Security & Fraud

Roughly a half-million dollars was seized on behalf of healthcare providers that reportedly paid ransom to North Korean hackers, the U.S Department of Justice said. ...

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Regulatory Rumblings Force Companies to Rethink their Ransomware Policies
Regulatory Rumblings Force Companies to Rethink their Ransomware Policies
June 10, 2022  |  Cryptocurrency

The decision of whether to pay ransomware hackers to release encrypted information got tougher in March when President Joe Biden signed into law that “strongly...

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UK Ransomware Attacks Up 100% in 2021
UK Ransomware Attacks Up 100% in 2021
March 28, 2022  |  Cybersecurity

Ransomware attacks reported to the Information Commissioner’s Office (ICO) in the U.K. doubled last year to 654 from 326 in 2020, according to a report...

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Hacked US Companies Must Report to Government Under New Law
Hacked US Companies Must Report to Government Under New Law
March 13, 2022  |  Security & Fraud

Companies important to the U.S.’s national interests will now have to report when they’re hacked or if they pay ransomware, an Associated Press report said,...

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Nvidia Investigates Cyberattack, Reports Business ‘Uninterrupted’
Nvidia Investigates Cyberattack, Reports Business ‘Uninterrupted’
February 27, 2022  |  Cybersecurity

Nvidia is looking into a cyberattack on its computer systems, Bloomberg wrote Friday. The report cites an earlier Telegraph report saying Nvidia’s systems had been...

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FBI Targets Crypto Over Ransomware Crimes
FBI Targets Crypto Over Ransomware Crimes
February 16, 2022  |  Security & Fraud

With ransomware on the rise, the FBI is looking at cryptocurrency as the main way these cybercrimes are facilitated, Bloomberg reported Wednesday (Feb. 16). Per...

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