Water companies are increasingly uninsurable due to ransomware, industry execs say

The scope of what insurers are covering is also narrowing as costs go up, said an association representative.

money news

Costa Rican president begins tenure with ransomware national emergency declaration

by AJ Vicens • 2 weeks ago

A Conti affiliate claimed responsibility and has posted more than 672 GB of data so far.

Treasury sanctions virtual currency mixer Blender for money laundering

by Suzanne Smalley • 2 weeks ago

Blender was used to launder $20.5 million of the $620 million that the Treasury Department alleges North Korean hackers stole in March.

Cybercrime statistics legislation is ready for president's signature

by Tim Starks • 2 months ago

It's the second time this month Congress has finalized a bill that's intended to help the feds track cybercrime data.

Hackers steal more than $600M from Ronin blockchain used to play Axie Infinity

by Suzanne Smalley • 2 months ago

It's one of the largest crypto heists in history.

Biden budget requests big increase for cybersecurity

by Tim Starks • 2 months ago

DHS would get the biggest slice of the federal civilian cybersecurity budget request at $2.6 billion.

Estonian man sentenced to prison for role in cyber intrusions, ransomware attacks

by Suzanne Smalley • 2 months ago

Prosecutors say Maksim Berezan made millions in bitcoin from ransomware targets and other cybercrimes.

FBI: Cybercrime reports saw 'unprecedented' rise last year, costing nearly $7B

by Tim Starks • 2 months ago

Business email compromise again proved costliest, at $2.4 billion, according to the bureau's Internet Crime Complaint Center.

South Africa credit bureau breached, data reportedly held for $15M ransom

by Joe Warminsky • 2 months ago

South Africa tech news site ITWeb reported that a group calling itself N4aughtysecTU is taking responsibility.

Lawmakers, experts debate whether fears about evasion of cryptocurrency sanctions are overblown

by Tonya Riley • 2 months ago

Fear abounds that Russia will use cryptocurrency to skirt U.S. sanctions imposed in response to the invasion of Ukraine.

Major cyber incident reporting requirement, CISA budget hike on precipice of becoming law

by Tim Starks • 2 months ago

The incident reporting legislation, long in the works, also comes with nearly $2.6 billion for the agency for fiscal 2022.

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