The Limitations of SOC2 Audits in Preventing Cybersecurity Breaches: A Critical Analysis In recent discussions surrounding cybersecurity, there has been growing scrutiny about the effectiveness of SOC2 audits in safeguarding sensitive data from breaches. While SOC2 compliance is often seen as a benchmark of trustworthiness for service organizations, critics assert…
The challenge surrounding the recovery of ransom payments made to cybercriminals has become increasingly complex, particularly following the recent arrest of Rostislav Panev. Apprehended by Interpol in Israel, Panev is connected to the notorious LockBit ransomware group that has exploited numerous targets globally. Notably, the U.S. Department of Justice alleges…
Blockchain & Cryptocurrency, Cryptocurrency Fraud, Fraud Management & Cybercrime Researchers Trace 61% of Known Losses This Year to State-Sponsored Cybercriminals in North Korea Mathew J. Schwartz (euroinfosec) • December 23, 2024 North Korea currently lacks a memorial for its stolen cryptocurrency. (Image: Shutterstock) In a disconcerting trend, hackers purportedly associated…
This year has witnessed a significant surge in cybersecurity incidents, with numerous breaches, attacks, and operational failures capturing global headlines. Among these, select events stand out for their profound implications, potentially altering protective measures within the industry, challenging vendors to bolster the security of customer systems, and prompting security leaders…
KEY SUMMARY POINTS The Lazarus Group, a hacking entity with ties to North Korea, has redirected its focus toward the nuclear industry, an alarming escalation from its previous concentrations on sectors such as defense, aerospace, and cryptocurrency. This shift suggests that their operations are diversifying into more sensitive areas, with…
Ransomware impersonation represents a significant cybersecurity threat in which cybercriminals pose as legitimate entities to extort money from their victims. Utilizing various tactics including phishing emails, telephone scams, and social engineering, attackers trick targets into believing they are engaging with trusted organizations or individuals. Once the victim is deceived, malware—specifically…
As 2024 draws to a close, cybersecurity firms are reporting significant upheaval in the cybercrime landscape, particularly relating to phishing-as-a-service operations. Recent assessments by Sophos indicate that the once-prominent phish-tool Rockstar 2FA, notorious for its sophisticated phishing campaigns, has reportedly ceased operations. Following this disruption, many of its users have…
The Federal Trade Commission (FTC) announced on Friday that it has finalized an order mandating Marriott International and its subsidiary, Starwood Hotels, to enhance their digital security protocols. This development follows allegations against the companies for insufficient security practices that led to three major data breaches occurring in 2015, 2018,…
Cyberattack on Ascension Exposes Data of 5.6 Million Individuals Health care provider Ascension has reported a significant data breach affecting approximately 5.6 million individuals, the result of a cyberattack linked to a recognized ransomware group. This disclosure came via documents submitted to the Maine attorney general in December, revealing the…
