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Former Ubiquiti Employee Gets 6 Years in Jail for $2 Million Crypto Extortion Case

Former Ubiquiti Employee Gets 6 Years in Jail for $2 Million Crypto Extortion Case
May 15, 2023 Cyber Crime / Network Security
A former employee of Ubiquiti has been  sentenced  to six years in jail after he pleaded guilty to posing as an anonymous hacker and a whistleblower in an attempt to extort almost $2 million worth of cryptocurrency while working at the company. Nickolas Sharp, 37, was arrested in December 2021 for using his insider access as a senior developer to steal confidential data and sending an anonymous email asking the network technology provider to pay 50 bitcoin (about $2 million at the time) in exchange for the siphoned information. Ubiquiti, however, didn't yield to the ransom attempt and instead looped in law enforcement, which eventually identified Sharp as the hacker after tracing a VPN connection to a Surfshark account purchased with his PayPal account. "Sharp repeatedly misused his administrative access to download gigabytes of confidential data from his employer," the U.S. Justice Department said, adding he "modified session file names to attempt to make it ap

CISA Warns Patched Pulse Secure VPNs Could Still Expose Organizations to Hackers

CISA Warns Patched Pulse Secure VPNs Could Still Expose Organizations to Hackers
Apr 17, 2020
The United States Cybersecurity and Infrastructure Security Agency (CISA) yesterday issued a fresh advisory alerting organizations to change all their Active Directory credentials as a defense against cyberattacks trying to leverage a known remote code execution (RCE) vulnerability in Pulse Secure VPN servers—even if they have already patched it. The warning comes three months after another CISA alert urging users and administrators to patch Pulse Secure VPN environments to thwart attacks exploiting the vulnerability. "Threat actors who successfully exploited CVE-2019-11510 and stole a victim organization's credentials will still be able to access — and move laterally through — that organization's network after the organization has patched this vulnerability if the organization did not change those stolen credentials," CISA said. CISA has also released a tool to help network administrators look for any indicators of compromise associated with the flaw.

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024
Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl

NordVPN Breach FAQ – What Happened and What's At Stake?

NordVPN Breach FAQ – What Happened and What's At Stake?
Oct 22, 2019
NordVPN, one of the most popular and widely used VPN services out there, yesterday disclosed details of a security incident that apparently compromised one of its thousands of servers based in Finland. Earlier this week, a security researcher on Twitter disclosed that "NordVPN was compromised at some point," alleging that unknown attackers stole private encryption keys used to protect VPN users traffic routed through the compromised server. In response to this, NordVPN published a blog post detailing about the security incident, and here we have summarized the whole incident for our readers to let you quickly understand what exactly happened, what's at stake, and what you should do next. Some of the information mentioned below also contains information The Hacker News obtained via an email interview with NordVPN. What has been compromised? — NordVPN has thousands of servers across the world hosted with third-party data centers. One such server hosted with a

The Critical State of AI in the Cloud

cyber security
websiteWiz.ioArtificial Intelligence / Cloud Security
Wiz Research reveals the explosive growth of AI adoption and what 150,000+ cloud accounts revealed about the AI surge.

FBI Arrests A Cyberstalker After Shady "No-Logs" VPN Provider Shared User Logs

FBI Arrests A Cyberstalker After Shady "No-Logs" VPN Provider Shared User Logs

French Police Seize 6 Tor Relay Servers in WannaCry Investigation

French Police Seize 6 Tor Relay Servers in WannaCry Investigation
Jun 11, 2017
WannaCry , the biggest ransomware attack in the history, gained prominence very rapidly in the media globally after the ransomware infected more than 300,000 computers in over 150 countries within just 72 hours. Governments, Intelligence agencies and law enforcement around the world have already started their investigations and are working closely with affected companies to track down hackers responsible for the global cyber attack launched on Friday, 12th May. Some researchers traced back WannaCry to a state-sponsored hacking group in North Korea, while other believed the perpetrators might be Chinese . If you have been following WannaCry coverage on The Hacker News, you should be aware of that the WannaCry ransomware uses Tor hidden service to communicate with its command-and-control server. Just yesterday, we came to know that French authorities had seized at least 6 Tor's entry guard node servers, hosted on France-based hosting providers, just two days after the o
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