Criminals netted $1.3 billion in ransom payments from hacking victims in the past two years, reflecting a massive surge in cyber-crime that has prompted a global effort to stop it, according to a new report from Chainalysis Inc. The cryptocurrency-tracking …
In March 2021, CNA Financial Corp., one of the country’s largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to pay up quickly by raising the ransom demand, claiming the data …
WASHINGTON (AP) — The chief executive of the massive fuel pipeline hit by ransomware last month told senators on Tuesday that authorizing a multi-million-dollar payment to hackers was the right thing to do to bring an end to fuel shortages …
WASHINGTON (AP) — U.S. pipeline operators will be required for the first time to conduct a cybersecurity assessment under a Biden administration directive in response to the ransomware hack that disrupted gas supplies in several states this month. The Transportation …
Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two …
When a new ransomware group popped up on the scene last year, the hackers did what’s in vogue for digital extortion organizations these days: They issued a press release. The hackers had already made “millions of dollars” in profit working …
NEW YORK (AP) _ The cyberextortion attempt that has forced the shutdown of a vital U.S. pipeline was carried out by a criminal gang known as DarkSide that cultivates a Robin Hood image of stealing from corporations and giving a …