Ukrainian Pleads Guilty for Role in Raccoon Stealer Malware

David Perera • October 7, 2024

A Ukrainian national pleaded guilty Monday in U.S. federal court to one count of conspiracy to commit computer intrusion in connection with his role in the malware-as-a-service Raccoon info stealer criminal operation. Dutch authorities extradited him in February after arresting him in March 2022.

Fraud Management & Cybercrime

Breach Roundup: AI 'Nudify' Sites Serve Malware

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Legislation & Litigation

IronNet Settles Securities Fraud Class Action Suit for $6.6M

Michael Novinson • October 7, 2024

IronNet and several former executives agreed to a $6.6 million settlement, ending a class action lawsuit accusing the company of misleading investors with inflated revenue projections. The settlement aims to provide relief for investors misled by allegedly inaccurate revenue projections.

Cyberwarfare / Nation-State Attacks

DHS Warns Election Security Risks May Persist Into 2025

Chris Riotta • October 7, 2024

The latest Homeland Security threat assessment lists this year’s election cycle as a top concern for 2025 and a potential trigger for domestic terrorism. The agency says foreign adversaries and violent extremists may take advantage of the outcome to further sow discord in the United States.

Artificial Intelligence & Machine Learning

US Judge Blocks California's Law Curbing Election Deepfakes

Rashmi Ramesh • October 7, 2024

A U.S. federal judge mostly stopped from going into effect a newly-enacted California law restricting the use of election-related deepfakes, ruling Wednesday the statute likely violates American freedom of speech guarantees. The legislation "acts as a hammer instead of a scalpel," the judge wrote.

Fraud Management & Cybercrime

Feds Warn Health Sector of New 'Trinity' Ransomware Threats

Marianne Kolbasuk McGee • October 7, 2024

Health sector entities have yet another ransomware group to worry about, warn U.S. federal authorities. Trinity, a relatively new sophisticated threat actor, is hitting a variety of critical industries, including healthcare, said the Department of Health and Human Services in an advisory.

Fraud Management & Cybercrime

Canada East Summit: From Ransomware to Growing CISO Liability

Pooja Tikekar • October 7, 2024

At the recent Cybersecurity Summit: Canada East, hosted by Information Security Media Group, cybersecurity leaders, industry experts and top executives discussed the surge in ransomware attacks, the integration of AI into security frameworks and growing personal liability concerns for CISOs.

Leadership & Executive Communication

From IT to Boardroom: NIS2 Reshapes Cybersecurity Roles

Anna Delaney • October 7, 2024

With the NIS2 Directive fast approaching, cybersecurity has evolved from a technical challenge to a critical business priority. Avani Desai, CEO at Schellman, highlights the growing responsibility of boards and executives to oversee cybersecurity risk management.

Blockchain & Cryptocurrency

Russia Arrests 100 in Cryptex Crypto Exchange Crackdown

Chris Riotta • October 4, 2024

Russia’s primary federal investigative agency announced a rare and sweeping investigation into the United States-sanctioned cryptocurrency exchange Cryptex and other platforms used to carry out illegal transactions and launder millions from ransomware groups.

Governance & Risk Management

Illumio, ColorTokens, Cisco Lead Microsegmentation Rankings

Michael Novinson • October 4, 2024

Illumio and Akamai remained atop Forrester's microsegmentation rankings, while ColorTokens and Cisco climbed into the leader space.The microsegmentation market has expanded beyond traditional on-premises networks to address modern public cloud workloads.

Artificial Intelligence & Machine Learning

Irish DPC Probes Ryanair Over Facial Recognition

Akshaya Asokan • October 4, 2024

The Irish data regulator launched an investigation into Dublin-based ultra low-cost carrier Ryanair to identify potential privacy violations related to the company's use of third-party facial recognition technology, stepping into a running fight Ryainair has fought against online ticket sellers.

General Data Protection Regulation (GDPR)

Meta Hit Again With Targeted Advertising Limits In Europe

David Perera • October 4, 2024

Targeted advertising may face additional restrictions following a ruling by the top European Union court that social media giant Meta cannot indefinitely retain user data. Nor can it use data for advertising "without distinction as to type of data," the European Court of Justice said Friday.

Fraud Management & Cybercrime

Medical Group Pays $240K Fine for 3 Ransomware Attacks

Marianne Kolbasuk McGee • October 4, 2024

Federal regulators have hit a California physician services organization with a $240,000 HIPAA civil penalty following an investigation into three ransomware attacks that occurred within a three-week span in early 2018, compromising the sensitive information of 85,000 patients.

Big Data Security Analytics

Ex-CEO Adam Geller Returns to Product Leadership at Zscaler

Michael Novinson • October 4, 2024

Adam Geller discusses his shift from Exabeam CEO back to product leadership at Zscaler, where he plans to use the company's vast data insights and security operations to drive growth. Geller emphasizes the importance of CXO-level visibility and robust customer adoption strategies.