Security Leftovers
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Ransomware costs top $1 billion as White House inks new threat-sharing initiative [iophk: Windows TCO]
U.S. financial institutions observed nearly $1.2 billion in costs associated with ransomware attacks in 2021, a nearly 200 percent increase over the previous year, according to data reported by banks to the U.S. Treasury Department and released in a report Tuesday.
The report comes amid an effort by the Biden administration to crack down on ransomware operators globally and illustrates the scale of the challenge facing law enforcement agencies and policymakers.
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White House cyber official advocates nimbler NATO to confront digital threats
A top White House cyber official spoke at a NATO meeting in Rome Thursday, convening with allies to hone plans for rapidly responding to nation-state [breaches] and other digital threats.
Thursday’s meeting follows a June commitment from officials representing 30 NATO countries to significantly boost NATO’s cyber defenses as an alliance and at the national level.
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What can be learned from BGP hijacks targeting cryptocurrency services?
On 17 August 2022, an attacker was able to steal approximately USD 235,000 in cryptocurrency by employing a BGP hijack against the Celer Bridge, a service that allows users to convert between cryptocurrencies.
In this blog post, I discuss this and previous infrastructure attacks against cryptocurrency services. While these episodes revolve around the theft of cryptocurrency, the underlying attacks hold lessons for securing the BGP routing of any organization that conducts business on the Internet.