Welcome to IT Pro's News in Review, a weekly bite-sized bulletin of the top tech stories of the week, for the week ending 19 August, 2022.
This week's stories:
- Calls for international support to fight ‘uncontrollable’ ransomware surge in developing countries
- Google is now spending a staggering amount on blockchain
- Most business leaders only prioritise cyber security after a major breach, report finds
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CIOs and CTOs are making high-stakes decisions with incomplete informationNews Architecture, governance, and investment decisions control how fast organizations can move, what risks they can handle, and which opportunities are viable
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Nvidia touts its contribution to UK sovereign AI plansNews The latest deal sees Nebius expanding capacity in the UK with three new deployments
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Ransomware cartels are fragmenting into volatile splinter groups, warns Met Police cyber chiefNews Commoditized "cyber crime bazaars" and AI data mining are forcing law enforcement to rewrite its playbook
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New ransomware threat group, The Gentlemen, has become one of the most active ransomware operators, accounting for 10% of all attacksNews NTT researchers warn that the RaaS group is leveraging SystemBC malware to establish covert tunnelling, evade detection, and support rapid lateral movement across enterprise environments
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Instructure chose to a pay ransom following the Canvas cyber attack – research shows more than half of security leaders would follow suitAnalysis Opting to pay ransoms creates huge risks for enterprises – you’re relying on the word of criminals
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Ransomware negotiator sentenced for role in major cyber crime groupNews Deniss Zolotarjovs was a key player in a group associated with Conti
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Threat actors ditch ‘spray and pray’ attacks in shift to targeted exploitationNews A dip in ransomware volumes points to a more targeted approach focused on vulnerability exploitation
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Security leaders overconfident about ransomware recoveryNews Few manage to recover all their data, and many experience business disruption
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German authorities want your help finding the hackers behind GandCrab and REvilNews Daniil Maksimovich Shchukin and Anatoly Sergeevitsch Kravchuk are believed to have made millions from ransomware as a service schemes
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The rise of teen hackers ‘makes for a good headline’, but cyber crime activities peak later in lifeNews With family responsibilities and mortgages to pay, it's not teenagers dishing out malware or carrying out cyber extortion
