Tag Archive for: Leading

U.S. Offers $10 Million Bounty for Info Leading to Arrest of Hive Ransomware Leaders

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Hive Ransomware

The U.S. Department of State has announced monetary rewards of up to $10 million for information about individuals holding key positions within the Hive ransomware operation.

It is also giving away an additional $5 million for specifics that could lead to the arrest and/or conviction of any person “conspiring to participate in or attempting to participate in Hive ransomware activity.”

The multi-million-dollar rewards come a little over a year after a coordinated law enforcement effort covertly infiltrated and dismantled the darknet infrastructure associated with the Hive ransomware-as-a-service (RaaS) gang. One person with suspected ties to the group was arrested in Paris in December 2023.

Hive, which emerged in mid-2021, targeted more than 1,500 victims in over 80 countries, netting about $100 million in illegal revenues. In November 2023, Bitdefender revealed that a new ransomware group called Hunters International had acquired the source code and infrastructure from Hive to kick-start its own efforts.

There is some evidence to suggest that the threat actors associated with Hunters International are likely based in Nigeria, specifically an individual named Olowo Kehinde, per information gathered by Netenrich security researcher Rakesh Krishnan, although it could also be a fake persona adopted by the actors to cover up their true origins.

Blockchain analytics firm Chainalysis, in its 2023 review published last week, estimated that ransomware crews raked in $1.1 billion in extorted cryptocurrency payments from victims last year, compared to $567 million in 2022, all but confirming that ransomware rebounded in 2023 following a relative drop off in 2022.

“2023 marks a major comeback for ransomware, with record-breaking payments and a substantial increase in the scope and complexity of attacks — a significant reversal from the decline observed in 2022,” it said.

Cybersecurity

The decline in ransomware activity in 2022 has been deemed a statistical aberration, with the downturn attributed to the Russo-Ukrainian war and the disruption of Hive. What’s more, the total number of victims posted on data leak sites in 2023 was 4,496, up from 3,048 in 2021 and 2,670 in 2022.

Palo Alto Networks Unit…

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Third-party gained access to University of Michigan systems, leading to August internet outage

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ANN ARBOR, MI – A third-party source infiltrated University of Michigan computer systems, which led to officials shutting down university internet during the outage at the start of the fall semester, officials said.

The university first detected suspicious activity on its campus computer network on Aug. 23, according to university spokeswoman Kim Broekhuizen. The university’s Information Assurance team, which fights cybersecurity threats and malicious actors, shut down the system the afternoon of Aug. 27.

An investigation was launched into the hack, and with the help of third-party experts, it was determined that an unauthorized individual was able to access certain university systems from Aug. 23-27, officials said.

“Based on this data analysis, we believe that the unauthorized third party was able to access personal information relating to certain students and applicants, alumni and donors, employees and contractors, University Health Service and School of Dentistry patients, and research study participants,” Broekhuizen wrote in an email to MLive/The Ann Arbor News.

The university has determined that students, applicants, alumni, donors, employees and contractors have had the following information accessed: Social Security numbers, driver’s license or other government-issued identification numbers, financial account of payment card numbers and/or health information, officials said.

Research study participants through the University Health Service and School of Dentistry have had the same information accessed, plus any information related to participation in certain research studies, officials said.

In addition to disconnecting the campus network from internet, the university notified law enforcement and is working with outside cybersecurity experts to make its network more secure, officials said.

Letters were sent on Monday, Oct. 23 to all university individuals affected, officials said. People with sensitive information from this incident are being offered a credit monitoring service free of charge from the university, officials said.

Credit reports can be accessed in the following ways:

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7 Aerospace and Defense Leaders: Leading the Skies and Securing the Nation

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Aerospace and defense leaders are indispensable in bolstering national security and safeguarding the well-being of United States citizens. They are at the forefront of supplying cutting-edge equipment, advanced weaponry, and sophisticated systems to maintain aerial supremacy and assert dominance in the face of imminent threats. Their unwavering commitment to innovation and expertise empowers the nation’s military forces and reinforces the defense capabilities of one of the world’s foremost military powers.

Let’s delve into the profiles of seven exceptional individuals who have emerged as vanguards in these critical industries. Learn about their remarkable contributions, groundbreaking achievements, and the indelible impact they have made in leading the skies and securing the nation.

1. John Albers, President & Chief Executive Officer at Albers Aerospace

John Albers, President & Chief Executive Officer at Albers Aerospace; aerospace and defense leaders

Photo from Albers Aerospace Official Website

John Albers is an accomplished industry veteran with over two decades of senior leadership and operational experience in the aerospace and defense markets. He serves as the President and Chief Executive Officer at Albers Aerospace.

Before serving in private aerospace and defense sectors, Albers has been with the military for most of his career. He served in increasing responsibilities for different U.S. Navy and Marine Corps divisions. Ultimately, he retired in July 2014 as the military team leads for the CH-53K PM program of the Marine Corps.

After serving in the military, he was assigned the Senior Manager position in Systems Engineering at Raytheon and Business Development Executive at Camtech LLC. In 2014, he assumed the responsibility of President and Chief Executive Officer at Albers Aerospace.

Albers Aerospace’s President & Chief Executive Officer Roles and Responsibilities

As the President and Chief Executive Officer at Albers Aerospace, John Albers leads the company’s portfolio for three business units: (1) manufacturing; (2) engineering, aviation, and MRO (maintenance, repair, and operations); and (3) innovative technologies. He’s also the company’s founder and majority owner.

About Albers Aerospace

Albers Aerospace offers broad capabilities and solutions…

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IoT (Internet of Things) Security Market 2023 Share Value by Leading Players – Symantec Corporation, Cisco Systems, Inc., International Business Machines Corporation, RSA Security LLC, Fortinet Inc.

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The Global IoT (Internet of Things) Security Market Report offers a thorough and in-depth analysis of the industry to aid clients in understanding the situation, effectiveness, and development potential of the market. The purchasers of the reports profit from this. The study also looks into important worldwide companies, their marketing plans, and their investing ideologies in order to provide readers with a better grasp of possible industry trends. Customers may use the information in this report to more precisely identify the potential opportunities in the global IoT (Internet of Things) Security Market and to create plans to take advantage of those opportunities for higher profitability.

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Leading players of IoT (Internet of Things) Security Market including:

Symantec Corporation, Cisco Systems, Inc., International Business Machines Corporation, RSA Security LLC, Fortinet Inc., and Palo Alto Network.

The COVID-19 pandemics effects are taken into consideration in the worldwide IoT (Internet of Things) Security market research, making it possible for readers to understand how the pandemic impacted the markets nature and the current developments that are most probable to have an impact on it going forward. In addition to providing a detailed analysis of the several businesses that compete in the worldwide IoT (Internet of Things) Security market, the report also provides an overview of recent technology developments and production possibilities. The report examines such markets anticipated size and developments years 2022 through 2029 in order to aid readers in identifying fresh business opportunities. The COVID-19 pandemic has had a large impact on the worlds IoT (Internet of Things) Security marketplace, making it difficult for companies to continue making money.

The analysis analyzes the industrys competitive environment in great detail and identifies the major market drivers and market restraints. The Global IoT (Internet of Things) Security Market Report shows that despite the COVID-19 disruption, there is still room for…

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