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Updates on the latest cyber security threats to businesses, data breach disclosures, and how you can secure your firm in an increasingly risky time.

Mar 16, 2024

Here's our week in review stories that David and guest host Jim Love will discuss:

Cyber Pros flock to cybercrime side hustles. I covered this earlier this week. This story came out of the UK and a report that an ex-cop went undercover on the dark web and discovered that there were a lot of cybersecurity professionals who were moonlighting or offering their services the Dark Web.

A second municipality fell victim to a ransomware attack.  First it was the city of Hamilton just outside of Toronto, a relatively large municipality – about 600,000 people hit by Ransomware on Feb 25th.

Microsoft had to admit that those Russian state hackers were still doing damage.

For those who don’t remember the story, Microsoft had a very severe breach where email accounts of senior company executives were hacked in November. The cause of the breach, if I remember it right, was a “non-production” instance that was left without two factor authentication and allowed hackers to breach that system and get into a lot more including the executive emails.

Ransomware talent moves to Akira after Lockbit’s “demise”  

Lockbit, a big player in ransomware got taken down very publicly by an international law enforcement group. They took Lockbit’s servers and even publicly tried humiliate the group, taking the counter that the group used to terrorize it’s victims.  It had a countdown clock that showed the time left to pay the ransom or they’d release the company’s information on the dark web.  The agencies that brought them down and took over their site put up their own countdown – only this was the time it would take them to nail the leader of Lockbit referred to as LockBitSupp.