Tag Archive for: Announce

FBI, European agencies announce major takedown of hacker network that used Qakbot software


LOS ANGELES — The FBI and its European partners infiltrated and seized control of a major global malware network used for more than 15 years to commit a gamut of online crimes including crippling ransomware attacks, U.S. officials said Tuesday.

They then remotely removed the malicious software agent – known as Qakbot – from thousands of infected computers.

Cybersecurity experts said they were impressed by the deft dismantling of the network but cautioned that any setback to cybercrime would likely be temporary.

“Nearly ever sector of the economy has been victimized by Qakbot,” Martin Estrada, the U.S. attorney in Los Angeles, said Tuesday in announcing the takedown.

He said the criminal network had facilitated about 40 ransomware attacks alone over 18 months that investigators said netted Qakbot administrators about $58 million.

Qakbot’s ransomware victims included an Illinois-based engineering firm, financial services organizations in Alabama and Kansas, along with a Maryland defense manufacturer and a Southern California food distribution company, Estrada said.

Officials said $8.6 million in cybercurrency was seized or frozen but no arrests were announced.

Estrada said the investigation is ongoing. He would not say where administrators of the malware, which marshaled infected machines into a botnet of zombie computers, were located. Cybersecurity researchers say they are believed to be in Russia and/or other former Soviet states.

Officials estimated the so-called malware loader, a digital Swiss knife for cybercrooks also known as Pinkslipbot and Qbot, was leveraged to cause hundreds of millions of dollars in damage since first appearing in 2008 as an information-stealing bank trojan. They said millions of people in nearly every country in the world have been affected.

Typically delivered via phishing email infections, Qakbot gave criminal hackers initial access to violated computers. They could then deploy additional payloads including ransomware, steal sensitive information or gather intelligence on victims to facilitate financial fraud and crimes such as tech support and romance scams.

The Qakbot network was “literally feeding the global cybercrime supply chain,” said Donald Alway,…

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HUB Cyber Security and Mount Rainier Announce Registration Statement Effectiveness and Special Meeting Date to Approve Business Combination


Special Meeting Scheduled for December 30, 2022 with Expected Closing in January 2023 followed by Listing on Nasdaq at an estimated enterprise value of approximately $1.28 billion

TEL AVIV, Israel, Dec. 9, 2022 /PRNewswire/ — HUB Cyber Security (Israel) Limited (TASE: HUB), a developer of Confidential Computing cybersecurity solutions and services (“HUB” or the “Company“), announced that its registration statement on Form F-4 (the “Registration Statement“), in connection with its previously announced business combination (the “Business Combination“) with Mount Rainier Acquisition Corp. (“RNER“), has been declared effective by the U.S. Securities and Exchange Commission (the “SEC“) as of December 8, 2022.

RNER will hold a Special Meeting of Stockholders at 10:00 a.m. Eastern time on December 30, 2022, to approve the previously announced business combination with HUB. Stockholders of record at the close of business on November 18, 2022, will be entitled to receive notice of and to vote at the Special Meeting. The meeting will be held virtually over the internet by means of a live audio webcast available at: https://web.lumiagm.com/297859227 using the password “mtrainier2022.” 

To register and receive access to the virtual meeting, registered stockholders and beneficial stockholders (those holding shares through a stock brokerage account or by a bank or other holder of record) will need to follow the instructions applicable to them provided in the proxy statement/prospectus included in the Registration Statement.

The proxy statement/prospectus is being mailed to the Company’s stockholders of record as of the close of business on the Record Date. Notice of the Special Meeting was mailed on or about December 9, 2022 to stockholders of record as of the Record Date.

As previously announced, the transaction represents a combined company pro forma enterprise value of approximately $1.28 billion. The transaction is expected to provide up to $225 million in gross proceeds comprised of Mount Rainier’s approximately $175 million of cash held in trust, assuming no redemptions by RNER’s stockholders, and a $50 million fully committed ordinary share PIPE at $10.00 per share, led by A-Labs…

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RSPNDR, Immix announce partnership | Security Systems News


TORONTO—RSPNDR Inc. has announced a partnership with video security software automation provider Immix to provide better intelligence to mobile security guard providers responding to verified security events.

This joint solution with a remote video monitoring software company for on-demand guard services will set a new standard for RSPNDR services, according to the company. Immix will offer RSPNDR’s one-click guard response services feature in the latest versions of the Immix CS and GF software platforms.

“The combination of Immix VaaS and RSPNDR’s distributed guard network offers customers the best of both worlds,” said Mark Zimmerman, RSPNDR’s CEO. “Consumers will get great remote monitoring every day and the fastest on-site response when they need it.”

The partnership will greatly enhance security event management, enabling the two companies to offer an embedded, end-to-end solution that allows central station operators monitoring video security events in the Immix platform to automatically generate a mobile security response through RSPNDR at the click of a button if there is a warranted threat on site.

This automation expedites the communication process as the operator does not have to verbalize the threat to the customer, which shortens calls and therefore minimizes the critical passage of time. Each type of security event can have a custom response procedure using Immix dispatch protocol through RSPNDR’s network of distributed mobile guard companies to secure the sites on demand and provide complete transparency and reporting.

“Immix is committed to seeking solutions that profoundly affect the alarm monitoring industry in a very meaningful way. Through this integration with RSPNDR we feel we can better address that ‘last mile’ communication with responding security personnel,” noted Chris Brown, CEO, Immix. “There has long been a demand for solutions like this within our industry and we are confident that this partnership will have tremendous benefits for the both the video monitoring and mobile patrol industries. Being able to create a priority security response and make sure that response is fast, efficient, and safe, shows our dedication to…

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Elektrobit and Argus Cyber Security announce an industry-first solution for automotive cyber threat detection and prevention in vehicles


Elektrobit, a visionary global vendor of software products for the automotive industry, and Argus Cyber Security, a world leader in cyber security products and services for mobility platforms, announced the launch of EB zoneo SwithCore Shield, an industry-first solution offering embedded intrusion detection and prevention (IDP) functionality within advanced network management systems for next-generation vehicles.

The joint solution is an automotive-grade switch firmware for E/E architectures that pre-integrates Argus Ethernet IDPS, a cyber security protection layer for automotive Ethernet networks, as an embedded module. This production-ready solution reduces carmakers’ integration costs and risks while accelerating new vehicles’ time to market. Building upon decades of automotive expertise from Elektrobit and Argus, this breakthrough solution allows carmakers to evaluate data detected and quickly determine actions required to confront an attempted cyber-attack.

Adding a layer of intelligence and cyber protection to automotive Ethernet switches facilitates the management of the growing number of network functions required to enhance the scalability, safety, and security of vehicles. By offloading network and cyber-related tasks to the switch firmware, it optimizes the microcontroller unit’s computational resource consumption.

EB zoneo SwitchCore Shield also enables carmakers to comply with emerging cyber security regulations, such as UN R155 and Chinese GB/T, and also takes security a step further, providing an additional layer of threat prevention via Argus Ethernet IDPS for increased interoperability with Classic AUTOSAR systems.

“We developed EB zoneo SwitchCore Shield to fill the gap between the cyber security domain and the advanced networking needed for next-gen, software-defined vehicles,” said Mike Robertson, head of product and strategy management, Elektrobit. “We’re helping carmakers to save time and money by providing a pre-integrated solution built to meet the highest levels of safety and security regulations.”

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