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Category: Cybersecurity
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Congress To Table a Bill For Quantum Encryption Preparedness – Helix22 is Mission Ready Today
Congress wants the federal government to have a plan in place for protecting federal IT systems and assets from future hacks carried out by quantum computers. Though the tangible threat of quantum codebreaking might still be in the future, the widespread replacement of much of the older, classical encryption underpinning systems and data is likely… Read more
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CISA Issues Warning to Blockchain Companies
The U.S. Cybersecurity and Infrastructure Security Agency (CISA), along with the Federal Bureau of Investigation (FBI) and the Treasury Department, warned of a new set of ongoing cyber attacks carried out by the Lazarus Group targeting blockchain companies. Calling the activity cluster TraderTraitor, the infiltrations involve the North Korean state-sponsored advanced persistent threat (APT) actor striking… Read more
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State Dept Offers $5 Million Reward For Info on North Korean Digital Operations
The State Department announced Friday that it is offering a reward of up to $5 million for information about North Korean digital operations that help keep the regime afloat and fund its weapons programs. The department’s Rewards for Justice program will issue the money for “information on those who seek to undermine cybersecurity, including financial institutions and cryptocurrency… Read more
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North Korea Got the $600 Million Record Cyber Theft According to Treasury Dept.
The U.S. Treasury Department has tied the North Korean hacking group Lazarus to the theft of more than $600 million in cryptocurrency from a software bridge used for the popular Axie Infinity play-to-earn game. The department added an Ethereum wallet address tied to the group to its sanction list on Thursday. More than $86 million of the… Read more
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Average Ransomware Demand is $2.2 Million, Average Payout is $541,000
Flush with cash from successful ransomware campaigns, cybercriminals are investing in more sophisticated technology and using new tactics to drive up ransomware payments even further, with the Conti ransomware group responsible for the most activity in 2021. These were among the findings of a report released from Palo Alto Networks’ Unit 42, which revealed the average ransom… Read more
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Industrial Cyber Firms Form Lobbying Coalition
A group of cybersecurity companies that help defend industrial systems from hackers is forming a lobbying group as U.S. officials increase regulation of such digital tools. The Operational Technology Cybersecurity Coalition plans to advocate for standardized rules for the control systems used in factories, pipelines and other industrial settings. Its five founding members, vendors that… Read more
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Zegna Owns Up To A Ransomware Attack
The Italian luxury fashion house Ermenegildo Zegna has confirmed an August 2021 ransomware attack that resulted in an extensive IT systems outage. The disclosure came in today’s filing of an SEC Form 424B3 that updates their investment prospectus to alert investors of business disruption and data breach risks resulting from sophisticated cyberattacks. To highlight the… Read more
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Snap On Tools Suffers Data Breach
High-end tools manufacturer Snap-on is notifying employees that some of their personal information might have been compromised in a recent data breach. The maker of tools and equipment for automotive, aviation, marine, railroad, and heavy duty industries fell victim to a cyberattack in early March, when it was forced to take down parts of its… Read more
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US Navy Moving on Unmanned Vessels
The Navy is looking to introduce several unmanned systems into the fleet in the coming decades, according to the (Government Accountability Office (GAO), and while some software will be unique to each platform, the Navy also wants to have a lot of common digital infrastructure among these vehicles. This digital infrastructure would involve AI capabilities… Read more
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North Carolina A&T University The Latest Victim of Ransomware
North Carolina A&T University has become the latest school hit with ransomware in 2022. The largest historically black college or university (HBCU) showed up on the ransomware victim site of the ALPHV/Black Cat group on Wednesday after they released a public statement two weeks ago detailing a “cybersecurity breach.” The university said it was attacked during the week of… Read more