PRODAFT | Breaking Cybersecurity News | The Hacker News

Cybersecurity researchers have shed light on the inner workings of the ransomware operation led by Mikhail Pavlovich Matveev, a Russian national who was  indicted by the U.S. government  earlier this year for his alleged role in launching thousands of attacks across the world. Matveev, who resides in Saint Petersburg and is known by the aliases Wazawaka, m1x, Boriselcin, Uhodiransomwar, Orange, and waza, is alleged to have played a crucial part in the development and deployment of LockBit, Babuk, and Hive ransomware variants since at least June 2020. "Wazawaka and his team members prominently exhibit an insatiable greed for ransom payments, demonstrating a significant disregard for ethical values in their cyber operations," Swiss cybersecurity firm PRODAFT  said  in a comprehensive analysis shared with The Hacker News. "Employing tactics that involve intimidation through threats to leak sensitive files, engaging in dishonest practices, and persisting in retaining...

Cybersecurity researchers have offered fresh insight into a previously undocumented software control panel used by a financially motivated threat group known as TA505. "The group frequently changes its malware attack strategies in response to global cybercrime trends," Swiss cybersecurity firm PRODAFT  said  in a report shared with The Hacker News. "It opportunistically adopts new technologies in order to gain leverage over victims before the wider cybersecurity industry catches on." Also tracked under the names Evil Corp, Gold Drake, Dudear, Indrik Spider, and SectorJ04, TA505 is an aggressive  Russian cybercrime syndicate  behind the infamous Dridex banking trojan and which has been linked to a  number of ransomware campaigns  in recent years.  It's also said to be connected to the  Raspberry Robin attacks  that emerged in September 2021, with similarities uncovered between the malware and Dridex. Other notable malware families assoc...

When people think of cybersecurity threats, they often picture external hackers breaking into networks. However, some of the most damaging breaches stem from within organizations. Whether through negligence or malicious intent, insiders can expose your organization to significant cybersecurity risks. According to Verizon's 2024 Data Breach Investigations Report , 57% of companies experience over 20 insider-related security incidents a year, with human error involved in 68% of data breaches. With that, insider attacks result in the highest costs, averaging USD 4.99 million per attack, as per the 2024 Cost of a Data Breach Report by IBM Security.  What are insider threats? An insider threat originates from within an organization – it's the potential for anyone with authorized access to your critical systems to misuse their access, harming your organization. The worst part is that insiders are already within your IT perimeter and are familiar with your internal security prot...