Tag Archives: ransomware

Treasury Counters Ransomware With Sanctions Compliance Guidance, Trend Analysis; Wally Adeyemo Quoted

Wally Adeyemo

The Department of the Treasury’s office of foreign assets control has released guidance outlining sanctions compliance best practices for virtual currency industry stakeholders as part of efforts to counter ransomware threats. A report from the department’s Financial Crimes Enforcement Network analyzes trends related to ransomware.

Read More »

White House Details 4 Lines of Effort to Fight Ransomware

White House

The Biden administration has outlined several initiatives aimed at countering ransomware incidents. The initiatives are classified into four lines of effort: disrupting ransomware actors and infrastructure; bolstering resilience to withstand ransomware attacks; addressing the abuse of virtual currency to launder ransom payments, and leveraging international cooperation to disrupt the ransomware ecosystem and address safe harbors for ransomware criminals.

Read More »

Sen. Elizabeth Warren, Rep. Deborah Ross Propose Bill to Disclose Ransomware Data

Ransomware Data

Sen. Elizabeth Warren, D-Mass., and Rep. Deborah Ross, D-N.C., have presented a bill that would use ransomware payment data to inform cybercrime response. The Ransom Disclosure Act would provide critical ransomware data to the Department of Homeland Security, which would then use this input to study how cybercriminals operate, Warren's office said Tuesday.

Read More »

Rob Joyce: Weapons Systems Security, Post-Quantum Encryption Among NSA’s Near-Term Priorities

Rob Joyce

Rob Joyce, cybersecurity director at the National Security Agency (NSA) and a previous Wash100 Award winner, said one of NSA’s near-term priorities is ensuring the security of defense weapons platforms and the agency intends to pursue that by taking a holistic approach to assessing those systems to make sure that U.S. citizens have better understanding of the networks underpinning that equipment.

Read More »

Gen. Paul Nakasone: FireEye Helped Expose Foreign Adversary in SolarWinds Incident

Gen. Paul Nakasone

Gen. Paul Nakasone, head of U.S. Cyber Command and a five-time Wash100 Award recipient, said critical data provided by a threat intelligence firm enabled the Department of Defense to immediately act and block adversaries from compromising federal networks and exploiting targets in 2020. Nakasone also discussed the threat posed by ransomware to critical infrastructure.

Read More »

CISA, NSA, FBI Warn of Surge in Conti Ransomware Attacks; Eric Goldstein Quoted

Eric Goldstein

The Cybersecurity and Infrastructure Security Agency (CISA), National Security Agency (NSA) and the FBI have released an advisory saying they have observed more than 400 cyberattacks against U.S. and international organizations using Conti ransomware. NSA, CISA and FBI are recommending several measures to mitigate the risk of Conti ransomware attacks. 

Read More »

Treasury Sanctions Virtual Currency Exchange to Help Counter Ransomware; Janet Yellen Quoted

Janet Yellen

The Department of the Treasury has initiated several measures to fight ransomware and one of those is the announcement of the first sanctions designation against virtual currency exchange SUEX for its role in facilitating transactions for threat actors involved in ransomware attacks. “Additionally, any entities 50% or more owned by one or more designated persons are also blocked,” the department noted.

Read More »

CISA, FBI Recommend Steps to Mitigate Risk of Ransomware Attacks; Eric Goldstein Quoted

Eric Goldstein

The FBI and the Cybersecurity and Infrastructure Security Agency (CISA) have issued an advisory outlining mitigation measures that organizations in public and private sectors can implement to reduce the risk of ransomware attacks and other cyber incidents. CISA and the bureau have observed a rise in ransomware attacks during holidays and weekends.

Read More »

DOJ Unveils Cyber Fellowship Program; Lisa Monaco Quoted

Lisa Monaco

Deputy Attorney General Lisa Monaco has announced a new fellowship program at the Department of Justice meant to train and build a pool of attorneys and prosecutors that could handle cybersecurity cases. Under the three-year Cyber Fellowship program, the selected attorneys will have a chance to conduct investigations and prosecute ransomware attacks, state-sponsored cyberthreats, transnational criminal groups and use of cryptocurrency to fund cybercrimes.

Read More »

FBI IDs ‘OnePercent Group’ Launching Ransomware Attacks

Data-Centric Security

The FBI has identified a group of cyberthreat actors that has launched ransomware attacks against U.S. companies since November using Cobalt Strike software. The OnePercent Group uses phishing emails with a malicious zip file attachment to infiltrate victims’ networks, installs Cobalt Strike using IcedID, encrypts and extracts data from the compromised system using rclone and observes the breached network for a month before deploying the ransomware.

Read More »