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Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M

Krebs on Security

Now the financial institution is suing its insurance provider for refusing to fully cover the losses. The company determined the hacking tools and activity appeared to come from Russian-based Internet addresses. million total. All told, the perpetrators stole more than $569,000 in that incident. THE LAWSUIT.

Insurance 197
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Best Fraud Management Systems & Detection Tools in 2022

eSecurity Planet

Since the beginning of the COVID-19 pandemic, businesses have responded to fraud by adopting new tools and strategies to combat the ever-evolving threat. Table of Contents Why Use Fraud Management and Detection Tools? Who Benefits Most From Using Fraud Management and Detection Tools? Why Use Fraud Management and Detection Tools?

Analytics 111
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MY TAKE: Can Hollywood’s highly effective ‘source-code’ security tools help make IoT safe?

The Last Watchdog

Related: HBO hack spurs cyber insurance market. Irdeto’s suite of products helps set-top box manufacturers protect high-value content; its technology also is used by live sports broadcasters to deter hackers from siphoning off pay-for-view sporting events. Makes sense, though. Here are the big takeaways: Making it too expensive.

IoT 133
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NEW TECH: DataLocker introduces encrypted flash drive — with key pad

The Last Watchdog

DataLocker honed its patented approach to manufacturing encrypted portable drives and landed some key military and government clients early on; the company has continued branching out ever since. We discussed why encrypted flash drives have become established as a must-have portable business tool in the digital age.

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Iran-linked APT group Pioneer Kitten sells access to hacked networks

Security Affairs

. “PIONEER KITTEN tradecraft is characterized by a pronounced reliance on exploits of remote external services on internet-facing assets to achieve initial access to victims, as well as an almost total reliance on open-source tooling during operations.” ” reads the report published by Crowdstrike.

Access 130
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FBI, CISA, HHS warn of targeted ALPHV/Blackcat ransomware attacks against the healthcare sector

Security Affairs

The FBI developed a decryption tool that could allow over 500 victims to recover their systems for free. To date, the FBI has worked with dozens of victims in the United States and internationally to disseminate a decryption tool to restore victim systems and prevent ransom demand payments of approximately $99 million.”

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City of Dallas has set a budget of $8.5 million to mitigate the May Royal ransomware attack

Security Affairs

Once obtained access to the City’s network, the group performed reconnaissance and information-gathering activities using legitimate third-party remote management tools. Royal was then able to traverse the internal City infrastructure during the surveillance period using legitimate 3rd party remote management tools.”