Security

What we learned from the indictment of LockBit’s mastermind

Security /

On Tuesday, U.S. and U.K. authorities revealed that the mastermind behind LockBit, one of the most prolific and damaging ransomware groups in history, is a 31-year-old Russian named Dmitry Yuryevich Khoroshev, aka “LockbitSupp.” As it’s customary in these types of announcements, law enforcement published pictures of Khoroshev, as well as details of his group’s operation. […]

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US, UK police identify and charge Russian leader of LockBit ransomware gang

Security /

The identity of the leader of one of the most infamous ransomware groups in history has finally been revealed. On Tuesday, a coalition of law enforcement led by the U.K.’s National Crime Agency announced that Russian national, Dmitry Yuryevich Khoroshev, 31, is the person behind the nickname LockBitSupp, the administrator and developer of the LockBit

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Police resurrect Lockbit’s site and troll the ransomware gang

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An international coalition of police agencies have resurrected the dark web site of the notorious LockBit ransomware gang, which they had seized earlier this year, teasing new revelations about the group. On Sunday, what was once LockBit’s official darknet site reappeared online with new posts that suggest the authorities are planning to release new information

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EU plan to force messaging apps to scan for CSAM risks millions of false positives, experts warn

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A controversial push by European Union lawmakers to legally require messaging platforms to scan citizens’ private communications for child sexual abuse material (CSAM) could lead to millions of false positives per day, hundreds of security and privacy experts warned in an open letter Thursday. Concern over the EU proposal has been building since the Commission

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Digital fraud detection startup BioCatch hits $1.3B valuation as Permira buys majority stake

Security /

Digital fraud detection company BioCatch has a new majority shareholder: a U.K-based private equity firm, Permira, is acquiring shares in the company “primarily” from existing investors including Bain Capital, Maverick Ventures, and Tech Opportunities, in a secondary market transaction that values BioCatch at $1.3 billion. Existing shareholders Sapphire Ventures and Macquarie Capital are also increasing

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UnitedHealth CEO tells Senate all systems now have multi-factor authentication after hack

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UnitedHealth Group chief executive officer Andrew Witty told senators on Wednesday that the company has now enabled multi-factor authentication on all the company’s systems exposed to the internet in response to the recent cyberattack against its subsidiary Change Healthcare. The lack of multi-factor authentication was at the center of the ransomware attack that hit Change

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Belgium’s Aikido lands $17M Series A for its ‘no BS’ security platform aimed at developers

Security /

Developers have a problem. It used to be the case that only large enterprises needed to worry themselves with security, but today, every startup is capable of holding huge amounts of customer data. That means developers across the board have to worry about how secure their platform is, and they often find themselves grappling with

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US fines telcos $200M for sharing customer location data without consent

Security /

The U.S. Federal Communications Commission said on Monday that it is fining the four U.S. major wireless carriers around $200 million in total for “illegally” sharing and selling customers’ real-time location data without their consent. AT&T’s fine is more than $57 million, Verizon’s is almost $47 million, T-Mobile’s is more than $80 million and Sprint’s

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SafeBase taps AI to automate software security reviews

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Entrepreneurs Al Yang and Adar Arnon met at Harvard Business School and quickly realized that they had an interest in common: cybersecurity. “We’ve witnessed an evolving business climate that brought along with it an unprecedented need for improved security processes,” Arnon told TechCrunch. “Security’s importance has increased exponentially … [it’s] non-negotiable for technology buyers.” Yang

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