Photo: Kent Nishimura (Getty Images) Hackers attacked Seattle-Tacoma International Airport and the Port of Seattle last month, stealing roughly three terabytes of data while snarling ticketing and baggage systems. Airport officials stated today that it won’t pay the 100-bitcoin (or $5.7 million) ransom to prevent the stolen information from being posted publicly. It’s not clear … Read more
Ransomware has long been plaguing American municipalities. It appeared to be another typical ransomware attack that impacted the city of Columbus, Ohio, this past July. The city’s response to the hack, however, was not, and it has cybersecurity and legal experts across the country questioning its motives. Connor Goodwolf (legal name is David Leroy Ross) is an … Read more
Image: Scott Olson (Getty Images) The cyberattack targeting the company that handles the financial transaction side of car buying for some 15,000 car dealers in the U.S. finally ended thanks, almost certainly to a paid ransom. Tesla, Just Like You, Lost a Ton of Money on Bitcoin in 2022 According to sources who spoke with … Read more
(NewsNation) — Cyberattacks have played havoc with the bottom lines of companies all over the world. They’re also starting to kill people. Hackers “want to go attack folks who are going to pay,” said cybersecurity expert David Malicoat. “They want that money as quickly as possible.” In one case earlier this year, a Michigan woman with … Read more
Artificial intelligence is making ransomware faster and easier to use as the online crime hits record levels, experts said at a House Financial Services subcommittee hearing on Tuesday. “We have tremendous concern about the future of AI and the direction it is allowing criminal actors to take, including more sophisticated deepfakes that ultimately form the … Read more
The U.S. is offering rewards for information on leaders of the LockBit ransomware group. LockBit is a syndicate operating since 2019. It accounted for 23 percent of the nearly 4,000 attacks globally last year in which ransomware gangs posted data stolen from victims to extort payment, according to the cybersecurity firm Palo Alto Networks, per … Read more
