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A Russian man who spent about 3 years behind bars in the United States has been spared further prison time but ordered to pay $7 Million to cover damages he caused to banks using a vicious computer virus. Nikita Vladimirovich Kuzmin was arrested in 2010 and imprisoned in August 2011 for developing a sophisticated computer malware called Gozi and infecting more than 1 million computers worldwide, causing tens of millions of dollars in losses. Kuzmin was sentenced Monday to the 37 months he has already served in custody, and ordered to pay $6,934,979 that authorities have identified as the damages experienced by two major Banks, one located in the U.S. and the other in Europe, Department of Justice says . Kuzmin received a lighter sentence due to his "substantial assistance" in the investigation that resulted in the conviction of Latvian national Deniss Calovskis as well as the arrest of Romanian Mihai Ionut Paunescu, who is awaiting extradition to the United States. ...

In Brief For the second time in past five months, a Brazil court ordered local telecommunications companies to block the popular messaging app WhatsApp for 72 hours, afterFacebook-owned WhatsApp company refused to hand over information requested in a drug trafficking investigation. The WhatsApp's shutdown is affecting more than 100 million users throughout the country. Moreover, if Brazilian telecommunications companies do not comply, they could face a fine of $143,000 per day. Brazil just blocked its roughly 100 Million citizens from using WhatsApp, the popular messaging service owned by Facebook, for 72 hours (3 days). A Brazilian Judge ordered the blackout after WhatsApp failed to comply with a court order asking the company to help a branch of civil police access WhatsApp data tied to a criminal investigation. This is for the second time in last five months when a Brazil court ordered local telecommunications companies to block access to the popular messaging servi...

Yes, you heard it right. You can now end up your whole life behind bars if you intentionally hack into a vehicle's electronic system or exploit its internal flaws. Car Hacking is a hot topic. Today, many automobiles companies are offering cars that run mostly on the drive-by-wire system, which means the majority of functions are electronically controlled, from instrument cluster to steering, brakes, and accelerator. No doubt these auto-control electronic systems improve your driving experience, but at the same time also increase the risk of getting hacked. Previous research demonstrated hackers capabilities to hijack a car remotely and control its steering, brakes and transmission, and to disable car's crucial functions like airbags by exploiting security bugs affecting significant automobiles. Messing with Cars can Cost You Keeping these risks in mind, the Michigan state Senate has proposed two bills which, if passed into law, will introduce life sentences i...

I had the honor of hosting the first episode of the Xposure Podcast live from Xposure Summit 2025. And I couldn't have asked for a better kickoff panel: three cybersecurity leaders who don't just talk security, they live it. Let me introduce them. Alex Delay , CISO at IDB Bank, knows what it means to defend a highly regulated environment. Ben Mead , Director of Cybersecurity at Avidity Biosciences, brings a forward-thinking security perspective that reflects the innovation behind Avidity's targeted RNA therapeutics. Last but not least, Michael Francess , Director of Cybersecurity Advanced Threat at Wyndham Hotels and Resorts, leads the charge in protecting the franchise. Each brought a unique vantage point to a common challenge: applying Continuous Threat Exposure Management (CTEM) to complex production environments. Gartner made waves in 2023 with a bold prediction: organizations that prioritize CTEM will be three times less likely to be breached by 2026. But here's the kicker -...

The mysterious creator of the BITCOIN digital cryptocurrency seems to have been identified as an Australian entrepreneur, and his name is: Craig Steven Wright. Five months after Wright, an Australian computer scientist and businessman was outed as Satoshi Nakamoto , revealed himself as the original inventor of Bitcoin digital currency. Wright has published a blog post offering Cryptographic Key as proof of his work, backed up by other technical information and the prominent Bitcoin community members have also corroborated his claim. However, Satoshi Nakamoto has always shown the desire to remain anonymous, while Wright has not. " I am not seeking publicity, but want to set the record straight, " he explains. Wright has provided some technical proofs to BBC , The Economist, and GQ media outlets that link him to the identity of Nakamoto. Craig Wright Claims He is Satoshi Nakamoto At the meeting with the BBC and Economist, he digitally signed messages using th...

Ransomware has become an albatross around the neck, targeting businesses, hospitals , and personal computers worldwide and extorting Millions of Dollars . Typical Ransomware targets victim's computer encrypts files on it, and then demands a ransom -- typically about $500 in Bitcoin -- in exchange for a key that will decrypt the files. Guess what could be the next target of ransomware malware? Everything that is connected to the Internet. There is a huge range of potential targets, from the pacemaker to cars to Internet of the Things, that may provide an opportunity for cybercriminals to launch ransomware attacks. Recently, the American public utility Lansing Board of Water & Light (BWL) has announced that the company has become a victim of Ransomware attack that knocked the utility's internal computer systems offline. Also Read: FBI Suggests Ransomware Victims — ' Just Pay the Ransom '. The attack took place earlier this week when one of the compan...