CyberWire Daily
Pay the ransom or risk data carnage.
Feb 28, 2025
Keith Mularski, Chief Global Ambassador at Qintel and former FBI Special Agent, shares his insights on the booming intersection of cryptocurrency and cybercrime. He discusses the alarming rise of cyberattacks targeting crypto assets and the tactics employed by criminals in the underground. The conversation highlights the challenges law enforcement faces in tackling these threats and emphasizes the crucial role of regulatory measures to enhance consumer protection. Additionally, they explore strategies for securely storing cryptocurrencies amidst growing vulnerabilities.
31:19
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Quick takeaways
- The Lee Enterprises ransomware attack exemplifies the rising threat of sophisticated cybercrime targeting sensitive organizational data and operations.
- The podcast highlights the challenges law enforcement faces in tracking cryptocurrency-related crimes due to the anonymity provided by crypto mixers and exchanges.
Deep dives
Data Breaches and Ransomware Threats
The growing concern over data privacy is highlighted through the recent attack by the Cheelin ransomware group on Lee Enterprises, which involves the theft of around 350 gigabytes of sensitive data. This attack compromised various investor records and financial arrangements, threatening to publish this information unless a ransom is paid. Although Lee Enterprises has not officially labeled the incident as ransomware, they reported the encryption of critical applications and the exfiltration of files in their SEC filing, indicating significant operational disruption. This incident underscores the escalating risks faced by organizations from sophisticated ransomware attacks seeking to exploit sensitive data.
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