US Recovers Millions In Bitcoin Paid During The Colonial Pipeline Attack

Protect yourself from online attacks that threaten your identity, your files, your system, and your financial well-being.

U.S. officials announced in a press conference Monday afternoon the successful recovery of some of the funds paid in the recent Colonial Pipeline hack. Deputy Attorney General Lisa Monaco of the Department of Justice noted that the scope of the investigation involved “…going after an entire ecosystem that fuels ransomware and digital extortion attacks including criminal proceeds in the form of digital currency.” Monaco declared, “…we will continue to use all of our tools and all of our resources to increase the cost and the consequences of ransomware attacks and other cyber-enabled attacks.” Paul Abbate, the deputy director of the FBI, said the bureau successfully seized the ransom funds from a bitcoin wallet that DarkSide used to collect Colonial Pipeline’s payment.

Colonial Pipeline temporarily shut down its operations on May 7 after Russian-based criminal hackers from the organization DarkSide broke into its computer system, stalling a company that provides almost half of the fuel to the East Coast of the U.S. While Colonial Pipeline ended up paying $4.4 million in digital currency, the amount that was recovered today was not revealed.

The United States Department of Justice had recently instructed the U.S. Attorney’s Offices across the country to coordinate cases involving ransomware, cyberattacks, and illicit marketplaces with a newly created ‘Ransomware and Digital Extortion Task Force’. According to Monaco, the Task Force was established to investigate disrupt, and prosecute ransomware and digital extortion activity. “This is the Task Force’s first operation of its kind,” said Monaco.

Message To U.S. Corporations: Improve Your Computer Security Now

According to Monaco, these types of ransomware are more diverse, sophisticated, and dangerous to which no organization is immune. Monaco specifically addressed U.S. corporations in the press conference that the , “…threat of…


Colonial Pipeline Pays Millions in Ransomware Attack – The National Law Review

Protect yourself from online attacks that threaten your identity, your files, your system, and your financial well-being.

Colonial Pipeline Pays Millions in Ransomware Attack  The National Law Review


Which? Report Says Old Routers From Reputable UK Internet Providers Put Millions at Security Risk

An investigation by the UK consumer watchdog Which? found that millions of households have outdated router models with various security flaws. Surprisingly, most of the vulnerable devices were provided by reputable UK internet providers such as EE, Sky, TalkTalk, Virgin Media, and Vodafone.

The research covered security threats such as weak default passwords, lack of firmware updates, and local network vulnerabilities. The investigation revealed that the affected internet users faced serious router security risks, including hacking, spying, or redirection to malicious websites.

The report coincided with the proposed new government laws to tackle the security of connected devices.

Report says users unaware of security risks

The Which? report found that most UK internet users were unaware of the router security risks posed by the outdated equipment provided by their internet providers.

About 7.5 million people were affected and six million homes had not updated their routers since 2016, while most had not received an update since 2018. Another 2.4 million households or 7 out of 13 routers had not been upgraded for the past five years.

Which? computing editor Kate Bevan noted that the reliance on outdated routers was concerning given the increasing dependence on the internet during the pandemic.

Which? advised users to discuss with their internet providers about upgrading their outdated routers. The consumer watchdog also urged internet providers to be transparent about their plan to support lasting routers with firmware and security updates.

“Internet service providers should be much clearer about how many customers are using outdated routers and encourage people to upgrade devices that pose security risks,” Bevan said.

Security risks posed by outdated equipment include spying, hacking, and redirecting internet users to malicious websites.

Similarly, some older router models also have weak default passwords that are easy to crack by cybercriminals. They also lacked firmware updates, thus exposing them to various security risks, according to the Which? report.

The consumer watchdog found that two-thirds of 13 router models supplied…


Cyber attackers are targeting your child’s school and it’s costing us millions

Protect yourself from online attacks that threaten your identity, your files, your system, and your financial well-being.

ST. LOUIS COUNTY, Mo. – If you have a website, you are at risk. You don’t have to click on a malicious link to let the criminal inside. Just like your home, cybercriminals are looking for unlocked windows, a weak door, or that key you’ve hidden under a rock.

“It is what keeps people in my position up at night,” Jason Rooks said. He’s Parkway School District’s Chief Information Officer.

“It’s not if you get attacked – it’s when you get attacked,” he said.

Rooks says school districts are now one of the biggest targets.

“In the past month, two school districts in the state of Missouri have had to close multiple days due to ransomware attacks,” he said.

The Affton School District was recently hit with ransomware. Cybercriminals said they had personal information and demanded money for its return. Affton said it didn’t pay, but Maryville University Associate Professor of Cybersecurity Brian Gant says some districts do.

“One in four school districts is experiencing ransomware currently. Right now, K-12, we’re talking about millions and millions of dollars being lost,” he said.

Gant teaches student how to defend our computer systems. A video wall in their cyber fusion center shows active attacks being stopped—live—in real time. Gant says we don’t have enough experts to stop the attacks.

“The gap that we’ve been experiencing is vast,” he said. “In 2023, they’re expecting it to be a million-job gap between those with the skills necessary to fill it, and higher education is one of those vehicles in which we can get people into the pipeline to fill those gaps.”

Student Hunter Myles already has a job lined up where he will fight to defend our virtual borders.

“Nothing is secure. No company is safe,” he said. “Major national government agencies were attacked. National corporations with billions of dollars in security funding were attacked. It always takes one open door for these attackers to get in.”

In class, he’s working with school districts like Parkway to tighten their security.

“And the great thing is they don’t charge school districts for these services,” Rooks said….