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This crowdsourced payments tracker wants to solve the ransomware visibility problem

Ransomware attacks, fueled by COVID-19 pandemic turbulence, have become a major money earner for cybercriminals, with the number of attacks rising in 2020.
These file-encrypting attacks have continued largely unabated this year, too. In the last few months alone we’ve witnessed the attack on Colonial Pipeline that forced the company to shut down its systems — and the gasoline supply — to much of the eastern seaboard, the hack on meat supplier JBS that abruptly halted its slaughterhouse operations around the world, and just this month a supply chain attack on IT vendor Kaseya that saw hundreds of downstream victims locked out …

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Kaseya hack floods hundreds of companies with ransomware

On Friday, a flood of ransomware hit hundreds of companies around the world. A grocery store chain, a public broadcaster, schools, and a national railway system were all hit by the file-encrypting malware, causing disruption and forcing hundreds of businesses to close.
The victims had something in common: a key piece of network management and remote control software developed by U.S. technology firm Kaseya. The Miami-headquartered company makes software used to remotely manage a company’s IT networks and devices. That software is sold to managed service providers — effectively outsourced IT departments — which they then use to manage the …

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Clop ransomware gang doxes two new victims days after police raids

The notorious Clop ransomware operation appears to be back in business, just days after Ukrainian police arrested six alleged members of the gang.
Last week, a law enforcement operation conducted by the National Police of Ukraine along with officials from South Korea and the U.S. saw the arrest of multiple suspects believed to be linked to the Clop ransomware gang. It’s believed to be the first time a national law enforcement group carried out mass arrests involving a ransomware group.
The Ukrainian police also claimed at the time to have successfully shut down the server infrastructure used by …

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Ukrainian police arrest multiple Clop ransomware gang suspects

Multiple suspects believed to be linked to the Clop ransomware gang have been detained in Ukraine after a joint operation from law enforcement agencies in Ukraine, South Korea, and the United States.
The Cyber Police Department of the National Police of Ukraine confirmed that six arrests were made after searches at 21 residences in the capital Kyiv and nearby regions. While it’s unclear whether the defendants are affiliates or core developers of the ransomware operation, they are accused of running a “double extortion” scheme, in which victims who refuse to pay the ransom are threatened with the leak of data …

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Cyber security training platform Immersive Labs closes $75M Series C led by Insight Partners

Immersive Labs, a platform which teaches cyber security skills corporate employees by using real, up-to-date threat intelligence in a “gamified” way, has closed a $75 million Series C funding round led by new investors Insight Partners alongside Menlo Ventures, Citi Ventures and existing investor Goldman Sachs Asset Management.
The investment will be used to scale Immersive’s offering in the US and take advantage of the new wave of interest in cyber threats caused by so many people working remotely, post-pandemic. Founded in 2017, Immersive Labs now has 200 people, with joint operations HQs in Bristol, UK, and Boston, US. It plans to …

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