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CyberWire Daily
From dispossessor to disposed.
Aug 13, 2024
In this dialogue, Simone Petrella, president of N2K, teams up with Lee Parrish, Chief Information Security Officer at Newell Brands. They explore the dark world of ransomware, spotlighting the notorious DeathGrip platform and recent law enforcement successes against cybercriminals. Simone and Lee delve into governance in the cybersecurity landscape, discussing insights from Lee's book, 'The Shortest Hour.' They also touch on the growing challenges posed by AI-generated scams, particularly affecting crafters on platforms like Etsy.
37:47
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Quick takeaways
- The takedown of the Dispossessor ransomware group, linked to a decentralized structure, demonstrates the persistent and evolving threat of cybercrime.
- Orion SA's $60 million loss from a business email compromise highlights the critical need for enhanced employee training in cybersecurity practices.
Deep dives
International Crackdown on Ransomware Groups
A significant international law enforcement operation has dismantled the ransomware group Dispossessor, suspected to be a rebranded version of Lockbit. This coordinated effort involved multiple agencies, including the FBI and the National Crime Agency, leading to the seizure of over 30 servers and domains across the US, UK, and Germany. Dispossessor, which emerged in August 2023, was linked to attacks on numerous companies globally, utilizing a ransomware as a service model that allowed affiliates to execute wide-ranging cyberattacks. While this takedown presents a major setback for the group, its decentralized structure poses ongoing challenges for law enforcement in completely eliminating their operations, highlighting the persistent threat of ransomware in the cyber landscape.
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