Tag: colonial pipeline

Technology giant Olympus hit by BlackMatter ransomware

Olympus said in a brief statement Sunday that it is “currently investigating a potential cybersecurity incident” affecting its European, Middle East and Africa computer network. “Upon detection of suspicious activity, we immediately mobilized a specialized response team including forensics experts, and we are currently working with the highest priority to…

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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…

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To end cyberterrorism, the government should extend a hand to the private sector

Mark Testoni Contributor Mark Testoni is the CEO at SAP National Security Services, Inc. Prior to joining SAP NS2, Mark held leadership positions at SAP and Oracle and served for 20 years in the U.S. Air Force. Joseph Moreno Contributor Joseph Moreno is the general counsel at SAP National Security…

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Zero trust unicorn Illumio closes $225M Series F led by Thoma Brava

Illumio, a self-styled zero trust unicorn, has closed a $225 million Series F funding round at a $2.75 billion valuation.  The round was led by Thoma Bravo, which recently bought cybersecurity vendor Proofpoint by $12.3 billion, and supported by Franklin Templeton, Hamilton Lane, and Blue Owl Capital.  The round lands…

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Are we overestimating the ransomware threat?

On Monday afternoon, the U.S. Justice Department said it has seized much of the cryptocurrency ransom that  U.S. pipeline operator Colonial Pipeline paid last month to a Russian hacking collective called DarkSide by tracking the payment as it moved through different accounts belonging to the hacking group and finally breaking…

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The rise of cybersecurity debt

Howard Boville Contributor Howard Boville is head of IBM Hybrid Cloud. He leads the global cloud business at IBM and helps develop market-leading capabilities to drive digital transformation for enterprises. More posts by this contributor The ‘Frankencloud’ model is our biggest security risk Ransomware attacks on the JBS beef plant,…

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