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Private Equity Giant Snaps Up Proofpoint for $12.3 billion – Security news

  • Private Equity Giant Snaps Up Proofpoint for $12.3 billionProofpoint is set to become the latest cybersecurity acquisition of private equity giant Thoma Bravo after a $12.3 billion deal was announced yesterday.The all-cash deal will see Proofpoint shareholders receive $176 per share in cash, around a third more than the firm’s closing price on Friday.The two parties are claiming that, following the deal, Proofpoint will benefit from the “flexibility” of being a private company and fr

  • US Arrests Alleged Crypto Mixer Law enforcement officers in the United States have arrested a man on suspicion of laundering hundreds of millions of dollars’ worth of Bitcoin (BTC) through a cryptocurrency mixing service.A crypto-mixing service—also known as a cryptocurrency tumbler—obscures the original source of potentially identifiable or “tainted” cryptocurrency by jumbling it up with other funds in a single pool. An arrest warrant for Roman Sterlingov w

  • Data Breach Impacts 1 in 4 WyomingitesWyoming’s Department of Health (WDH) has announced the accidental exposure of personal health information belonging to more than a quarter of the state’s population on data breach occurred when fifty-three files containing laboratory test results were “inappropriately handled” by an employee. News of the security incident was published on the department’s website yesterday along with a response plan.WDH detected the breach on Ma

  • Alsid SAS Acquired by Tenable Tenable Holdings has completed its acquisition of Active Directory security startup Alsid SAS.The deal, which was first announced in February, was officially closed on April 26 with a cash payment of $98m.Alsid was founded in France in 2016 by Emmanuel Gras and Luc Delsalle, two former incident responders from the French National Cybersecurity Agency (ANSSI).The newly acquired company is best known for its Software as a Service (SaaS) s

  • G7 Nations Sign Declaration to Keep the Internet Safe and OpenG7 nations have signed a new declaration that promises to boost online safety worldwide in accordance with open democratic principles.The joint ministerial declaration, signed by tech leaders from the UK, Canada, France, Germany, Italy, the US, and the EU, agreed on a range of principles to tackle cyber-risks. These emphasize that any action taken to tackle cybercrime must support democratic ideals and respect human rights and fundame

  • #GartnerIAM: Pandemic Disruption Necessitates a Transformation in Identity Access ManagementThere needs to be a transformation in identity access management (IAM) as a result of digital acceleration during the COVID-19 pandemic, according to Tricia Phillips, sr director analyst, Gartner, speaking during the Gartner Identity & Access Management Summit – EMEA.Phillips firstly highlighted how lockdown restrictions had disrupted our everyday lives, including the way we work, parent, bank a

  • Security Spending Doubles but Two-Fifths of Firms Suffer BreachesCybersecurity spending across the US and Europe has surged over the past year, but so too have security breaches, from 38% to 43% of businesses surveyed by Hiscox.The insurer’s annual Hiscox Cyber Readiness report has become a useful gauge of how mature and effective organizations’ cybersecurity strategies are. This year the firm engaged Forrester Consulting to poll over 6000 such companies across the US, UK, Belgium, F

  • Average Ransom Surges 43% After Accellion AttacksThe average payment to ransomware groups has surged by 43% over the past quarter, driven by the threat actors behind the Accellion attacks, according to Coveware.The security vendor’s quarterly report for Q1 2021 revealed that the average ransom was $220,298 during the period, with data exfiltration now a major extortion tactic present in the vast majority (77%) of attacks, up 10% from the previous quarter.Yet while most ransomware groups si

  • #COVID19 Rattles Banks and Insurers as Security Budgets Are SlashedFinancial institutions in the US and UK cut security budgets by a quarter last year and saw cybercrime and fraud activity rise by about the same amount during the pandemic, according to new research from BAE Systems Applied Intelligence.The British cybersecurity and risk management firm engaged Atomik Research to poll nearly 1000 banks and insurers and 2000 consumers in the US and UK back in March, in order to better understand t

  • Kik Tip Leads to Kindergarten Teacher’s ArrestA kindergarten teacher from Indiana has been charged with multiple counts of child exploitation and possessing child sexual abuse material (CSAM) following a cyber-tip.An investigation was launched into the online activities of 49-year-old Brian Lee Jakes in February after a tip was sent into the National Center for Missing and Exploited Children. The tipster said that Jakes had been using the messaging app Kik to share images of chil

  • Threat Actors Impersonate Chase BankThreat researchers at Armorblox have come across two new phishing scams targeting customers of JPMorgan Chase Bank. Both attacks deployed social engineering and brand impersonation tactics in an attempt to steal customers’ login credentials.While one scam involved an email that appeared to contain a credit card statement, the other impersonated a locked account workflow to falsely inform victims that access to their account had been blocked foll

  • Online Music Marketplace Suffers Data BreachA data breach at the world’s largest online music marketplace has exposed the personal details of high-profile musicians.Information belonging to Bill Ward of Black Sabbath, Jimmy Chamberlin of the Smashing Pumpkins, and Alessandro Cortini of Nine Inch Nails was among the data exposed in the security incident at of the retailer’s records were discovered online in an unsecured Elasticsearch server by independent cybersecurity co

  • Parents Should Take Action to Protect Children from Cyber-RisksActions parents can take to protect their children from growing cyber-risks were highlighted during a webinar organized by Menlo Security and featuring insights from Nina Bual, co-author & CEO, Cyber Lite Ready, Get Set, CONNECT! Interactive Workbook.Mike East, vice president, EMEA at Menlo, began by highlighting the expansion of the internet, which, while enriching, “sadly also we have to be painfully aware that not e

  • REvil Removes Apple Extortion Attempt from Site: ReportA ransomware group that claimed to have Apple trade secrets in its possession after compromising a supplier has reportedly deleted all mention of the extortion attempt from its dark web site.It emerged last week that the notorious REvil group had managed to steal some schematics for Macbooks from one of Apple’s main manufacturing partners, Quanta Computer.Reports claimed that, as the Taiwanese firm refused to pay a $50 million ransom t

  • Ransomware Group Threatens DC Cops with Informant Data LeakWashington DC’s police department has reportedly been hit by Russian-speaking ransomware threat actors who claim to have stolen sensitive information on informants.The Babuk group has given the police three days to pay-up before it shares the data with local gangs, according to AP.As is usually the case with “double extortion” ransomware attempts like this, the group has apparently posted screenshots of the stolen data

  • Nintendo Sues BowserA lawsuit has been filed by Nintendo of America against the alleged leader of an international video game piracy group.Canadian national Gary Bowser was arrested in October last year on suspicion of heading a criminal enterprise called Team Xecuter that the United States Department of Justice said created and sold illegal hacking devices. The circumvention devices enabled users to hack popular video game consoles, including the Nintendo Switch, the Ni

  • Cyber-attack on NBA TeamAn investigation has been launched after cyber-criminals targeted one of the 30 teams in America’s National Basketball Association. Cybersecurity experts hired by the Houston Rockets are working closely with the Federal Bureau of Investigation to determine the precise nature and extent of the security incident.Reuters reports that an unknown attacker tried to install ransomware on the basketball franchise’s internal computer systems but was largely unsucces

  • Space Command to Launch Dedicated Cyber Center The United States is to launch a dedicated joint cyber center to promote integration between US Space Command and US Cyber Command.News of the center was shared by the commander of US Cyber Command, General James Dickinson, during a 2022 fiscal budget hearing with US Strategic Command and Space Command last week. “We are standing up a joint cyber center within the command as we speak,” said Dickinson.Detailing what else was

  • E-commerce Fraud to Exceed $20 Billion in 2021E-commerce fraud is set to spike 18% from 2020-2021 to top $20 billion globally this year, according to the latest research from Juniper Research.The value of online losses will grow from around $17.5 billion in 2020 as scammers continue to target the growing number of internet shoppers forced online by the pandemic.According to the new report, Online Payment Fraud: Emerging Threats, Segment Analysis & Market Forecasts 2021-2025 Market Resea

  • Cyber Ninjas Forges on With Controversial Arizona Election RecountRepublicans in Arizona still smarting after Joe Biden’s win there have hired a little-known cybersecurity consultancy to perform an election ‘audit’ in the state’s most populous county, according to reports.Florida-based Cyber Ninjas has no previous experience in managing election recounts and is run by a man who has shared conspiracy theories online about the supposed illegitimacy of the US election result

  • US Drilling Giant Gyrodata Reveals Employee Data BreachA major oil drilling specialist has admitted it suffered a ransomware attack which may have led to the compromise of data belonging to current and former employees.Houston-based Gyrodata claims to be one of the world’s leading suppliers of technology and services designed to extract hydrocarbons from the earth.However, late last week it published a statement revealing the security incident, which was discovered on February 21.Ther

  • Californian Charged with Cyberstalking Teenage BoysA woman from California has been charged with waging a multi-year cyberstalking campaign against three teenage boys.Brentwood resident Ramajana Hidic Demirovic was charged by a federal grand jury with cyberstalking and conspiracy to commit cyberstalking.It is alleged that 46-year-old Demirovic harassed and intimidated victims who had entered into romantic relationships with an unnamed co-conspirator between February 2016 and March 2018

  • US Cyber Games Launches Cyber Open and CombineThe National Initiative for Cybersecurity Education (NICE) program at the National Institute of Standards and Technology (NIST) has teamed up with marketing and cybersecurity games company Katzcy to launch the first US Cyber Games. Consisting of the US Cyber Open and the US Cyber Combine Invitational, the program will run until October 2021. Included in the program is the selection of the first-ever US Cyber Team to represent the

  • US: Ireland Is a Target for Cyber-Criminals Ireland has been warned by the United States that storing large amounts of data makes it an attractive target for cyber-criminals.The caution was uttered by John Demers, the assistant attorney general at the US National Security Division, while giving a keynote address at the IFPC2021 Cybersecurity and FinCrime conference. Delegates representing more than 90 countries logged on to view the event as it was live streamed from Dublin on April 21.Deme

  • GCHQ Director: The UK and Allies Must Counter “Existential Threat” to the Digital EnvironmentThe UK must work with other liberal democracies to ensure the internet and emerging digital technologies remain free and open. This is the view of Jeremy Fleming, director of GCHQ, who gave the 2021 Vincent Briscoe lecture for the Institute for Security Science and Technology at Imperial College London.Fleming began by noting the increasingly prominent role of technology in all areas of socie

  • Last Chance for Forensics Teams Ahead of Emotet Sunday DeadlineIT security teams have until Sunday to hunt for evidence of Emotet infection, and potentially related malware, before the notorious botnet is removed from all global devices on Sunday, experts have warned.Back in January, Europol announced that law enforcers had been able to seize the infrastructure used by Emotet in a coordinated international operation.On Sunday April 25, they will deliver an update (EmotetLoader.dll) file des

  • Lockdown Hotel Bookings at Risk Due to DMARC FailSome of the UK’s biggest hotel brands may be exposing themselves and their customers to the risk of phishing attacks due to a lack of adequate messaging security, according to Proofpoint.The security vendor took a look at the primary corporate domains associated with the 60 most popular listed hospitality companies in the country, as ranked by YouGov.It found that half (50%) have no published DMARC (Domain-based Message Authentication, Repor

  • TLS-Encrypted Malware Volumes Double in Just MonthsThe volume of malware hidden in encrypted traffic has doubled over the past few months as threat actors look to circumvent security tools, according to Sophos.The security vendor claimed that 23% of the malware it detected in 2020 was encrypted with the Transport Layer Security (TLS) protocol. However, in the first three months of 2021, the figure had grown to reach nearly 46%.The rise can be linked to an overall increase in use of TLS by popula

  • Costco Issues Scam Warning Costco Wholesale Corporation is warning American internet users to be wary of more than a dozen digital scams targeting its customer base. On its website, the American multinational corporation has published screenshots of 14 “prominent fraudulent emails, texts, and posts” in which cyber-criminals are impersonating Costco. The majority of the traps use financial benefits to lure victims, promising free products, financial reimbursements, exclus

  • Google Ordered to Provide Info on Alleged Cyber-bulliesA Canadian court has ordered American tech giant Google to disclose who has been operating a YouTube channel and a blog that have allegedly been used for cyber-bullying. Wife and husband Sakura Saunders and Darius Mirshahi allege that whoever is behind the blog “Antifa: Exposed” and a YouTube channel they claim is linked to the blog, Undercoverkitty, has targeted them with insults and falsely accused both of them of being invo

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