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U.S. Pipeline Ransomware Attackers Go Dark After Servers and Bitcoin Are Seized

U.S. Pipeline Ransomware Attackers Go Dark After Servers and Bitcoin Are Seized
May 17, 2021
Just as Colonial Pipeline  restored  all of its systems to operational status in the wake of a crippling ransomware incident a week ago, DarkSide, the cybercrime syndicate behind the attack, claimed it lost control of its infrastructure, citing a law enforcement seizure. All the dark web sites operated by the gang, including its DarkSide Leaks blog, ransom collection site, and breach data content delivery network (CDN) servers, have gone dark and remain inaccessible as of writing. In addition, the funds from their cryptocurrency wallets were allegedly exfiltrated to an unknown account, according to a note passed by DarkSide operators to its affiliates. "At the moment, these servers cannot be accessed via SSH, and the hosting panels have been blocked," the  announcement  obtained by Intel 471 read. The development comes as DarkSide closed its Ransomware-as-a-Service (RaaS) affiliate program for good "due to the pressure from the U.S.", with the group stating th

Ransomware Cyber Attack Forced the Largest U.S. Fuel Pipeline to Shut Down

Ransomware Cyber Attack Forced the Largest U.S. Fuel Pipeline to Shut Down
May 09, 2021
Colonial Pipeline , which carries 45% of the fuel consumed on the U.S. East Coast, on Saturday said it halted operations due to a ransomware attack,  once again demonstrating  how critical infrastructure is vulnerable to cyber attacks. "On May 7, the Colonial Pipeline Company learned it was the victim of a cybersecurity attack," the company  said  in a statement posted on its website. "We have since determined that this incident involves ransomware. In response, we proactively took certain systems offline to contain the threat, which has temporarily halted all pipeline operations, and affected some of our IT systems." Colonial Pipeline is the largest refined products pipeline in the U.S., a 5,500 mile (8,851 km) system involved in transporting over 100 million gallons from the Texas city of Houston to New York Harbor. Cybersecurity firm FireEye's Mandiant incident response division is said to be assisting with the investigation, according to reports from  B

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
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