cybersecurity

Texas firm says it lost $60M in a bank wire transfer scam

Security /

Texas-based carbon black company Orion informed investors that it lost $60 million after falling victim to a criminal scheme that resulted in “multiple fraudulently induced outbound wire transfers to accounts controlled by unknown third parties.”  No further specifics were given, but these schemes typically involve fraudsters tricking employees at a company — often in finance […]

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FBI takes down ransomware gang that hacked dozens of companies

Security /

FBI’s seizure notice of the Radar/Dispossessor ransomware and extortion gang. Image Credits: FBI The FBI said Monday it seized the servers of a ransomware and extortion gang called Radar (aka Dispossessor). At the time of writing, Radar’s website features a message from law enforcement, reading: “This website has been seized.” It’s a rare win for

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The biggest data breaches in 2024: 1 billion stolen records and rising

Security /

We’re over halfway through 2024, and already this year we have seen some of the biggest, most damaging data breaches in recent history. And just when you think that some of these hacks can’t get any worse, they do. From huge stores of customers’ personal information getting scraped, stolen and posted online, to reams of

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The best hacks and security research from Black Hat and Def Con 2024

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Thousands of hackers, researchers and security professionals descended on the Black Hat and Def Con security conferences in Las Vegas this week, an annual pilgrimage aimed at sharing the latest research, hacks, and knowledge across the security community. And TechCrunch was on the ground to report on the back-to-back shows and to cover some of

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CrowdStrike accepts award for ‘most epic fail’ after global IT outage

Security /

Just a few weeks after its software update triggered a global IT meltdown, CrowdStrike isn’t shying away from the spotlight. In fact, the company’s president Michael Sentonas even took the stage at the Pwnie Awards to accept the award for Most Epic Fail. The awards took place at Def Con, right after the Black Hat conference where CrowdStrike had

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CSC ServiceWorks reveals 2023 data breach affecting thousands of people

Security /

Laundry giant CSC ServiceWorks says tens of thousands of people had their personal information stolen from its systems after recently disclosing a cyberattack from 2023. The New York-based laundry giant provides over a million internet-connected laundry machines to residential buildings, hotels, and university campuses around North America and Europe. CSC also employs more than 3,200

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After global IT meltdown, CrowdStrike courts hackers with action figures and gratitude

Security /

On Wednesday morning, thousands of cybersecurity professionals swarmed the halls of the Mandalay Bay Convention Center in Las Vegas, the epicenter of the annual Black Hat cybersecurity conference, where dozens of companies were advertising their wares.  In the first row and with one of the biggest booths stood CrowdStrike, a company that has recently become

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Student raised security concerns in Mobile Guardian MDM weeks before cyberattack

Security /

A person claiming to be a student in Singapore publicly posted documentation showing lax security in a widely popular school mobile device management service called Mobile Guardian, weeks before a cyberattack on the company resulted in the mass-wiping of student devices and widespread disruption. In an email with TechCrunch, the student — who declined to

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Ecovacs home robots can be hacked to spy on their owners, researchers say

Security /

Malicious hackers can take over control of vacuum and lawn mower robots made by Ecovacs to spy on their owners using the devices’ cameras and microphones, new research has found. Security researchers Dennis Giese and Braelynn are due to speak at the Def Con hacking conference on Saturday detailing their research into Ecovacs robots. When

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How a cybersecurity researcher befriended, then doxed, the leader of LockBit ransomware gang

Security /

Earlier this year, an international coalition of law enforcement agencies took control of the dark web site of the notorious ransomware gang LockBit, replacing its content with the now-familiar message from the authorities: “This site is now under the control of law enforcement.” The operation didn’t disrupt the group’s operation for too long, with the

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