FBI Says the Cuba Ransomware Gang Made $43.9 Million from Ransom Payments
The US Federal Bureau of Investigations said today that the operators of the Cuba ransomware have earned at least $43.9 million from ransom payments following attacks carried out this year. From a report: In a flash alert sent out on Friday, the Bure.....»»
Ransomware mastermind LockBitSupp reveled in his anonymity—now he’s been ID’d
The US places a $10 million bounty for the arrest of Dmitry Yuryevich Khoroshev. Enlarge / Dmitry Yuryevich Khoroshev, aka LockBitSupp (credit: UK National Crime Agency) Since at least 2019, a shadowy figure hiding behin.....»»
LockBit leader unmasked: US charges Russian national
Russian national Dmitry Khoroshev is “LockBitSupp”, the creator, developer and administator of the infamous LockBit ransomware group, according to UK, US and Australia law enforcement agencies. The US Justice Deparment has unsealed charge.....»»
The mastermind of the prolific ransomware group LockBit has finally been unmasked
The US places a $10 million bounty for the arrest of Dmitry Yuryevich Khoroshev. Enlarge / Dmitry Yuryevich Khoroshev, aka LockBitSupp (credit: UK National Crime Agency) Since at least 2019, a shadowy figure hiding behin.....»»
From flooding in Brazil and Houston to brutal heat in Asia, extreme weather seems nearly everywhere
In sweltering Brazil, worst-ever flooding killed dozens of people and paralyzed a city of about 4 million people. Voters and politicians in the world's largest election in India are fainting in heat that hit as high as 115 degrees (46.3 degrees Celsi.....»»
Ferrari posts 13% rise in quarterly earnings amid flat deliveries
Adjusted earnings before interest, taxes, depreciation and amortization climbed 13 percent in the period, to €605 million......»»
Akamai to acquire Noname for $450 million
Akamai Technologies has announced that it has entered into a definitive agreement to acquire application programming interface (API) security company, Noname Security. Noname, one of the top API security vendors in the market, will enhance Akamai’s.....»»
Ransomware operations are becoming less profitable
As the number of real (and fake) victims of ransomware gangs continues to rise, the number of ransomware payments is falling, along with the average ransom payment. The reasons behind this decrease are many: increased cyber resilience of organization.....»»
Ransomware activity is back on track despite law enforcement efforts
Despite significant disruptions for high-profile ransomware gangs LockBit and BlackCat, Q1 2024 became the most active first quarter ever recorded — a 21% increase over Q1 2023, according to Corvus Insurance. In January, Corvus reported that global.....»»
Cybercrime stats you can’t ignore
In this article, you will find excerpts from various reports that offer stats and insights about the current cybercrime landscape. Behavioral patterns of ransomware groups are changing GuidePoint Security | GRIT Q1 2024 Ransomware Report |.....»»
Lucid reports Q1 net loss of $685 million and revenue of $173 million as cash burn continues
Lucid's net loss was an improvement over the $780 million loss in the first quarter of 2023, but the company's stock price sank 7.5 percent in after-hours trading Monday to $2.82 per share......»»
Fish residues can compensate for raw materials shortages and improve our health in the bargain
More than a million tons of fish residues can rescue the food and cosmetic industries from raw materials shortages—and create new jobs. The key factors here are oils rich in omega-3, collagen and gelatin......»»
China publishes world"s first high-definition lunar geologic atlas
China has released a geologic atlas set of the global moon with a scale of 1:2.5 million, which is the first complete high-definition lunar geologic atlas in the world, providing basic map data for future lunar research and exploration......»»
Rivian to report Q1 earnings as EV maker cuts costs, prepares new models
While Rivian announced an $827 million incentive package from the state of Illinois last week, analysts still expect it to burn through billions in cash this year......»»
GM-backed self-driving firm Momenta filing for U.S. stock offering, report says
Momenta is working with China International Capital Corp., Goldman Sachs and UBS Group on a potential listing that may happen as early as this year, Bloomberg reported. The IPO could raise $200 million to $300 million......»»
White House pledges $100 million to help small suppliers shift to EV parts
The Biden administration on Monday said it will spend more than $100 million to help small and medium-sized suppliers retool or expand their factories and improve their energy and cybersecurity infrastructures......»»
License suspensions disproportionately hurt marginalized communities, finds study
Drivers in New York state were issued more than 1 million license suspensions in 2017, and about two-thirds of them were for "traffic debt"—failure to pay a traffic ticket or to appear in traffic court—while less than 10% were for driving infract.....»»
Warren Buffett’s Berkshire Hathaway sells 13% of its Apple shares
Warren Buffett’s Berkshire Hathaway offloaded around 13% of its Apple holdings in Q1 2024, the conglomerate revealed this weekend. Despite selling around 115 million shares, however, Buffett reaffirmed his commitment to AAPL going forward. Mean.....»»
BlackBasta claims Synlab attack, leaks some stolen documents
The BlackBasta ransomware / cyber extortion gang is behind the recent cyber attack that resulted in the temporary shutdown of operations at Synlab Italia. The group claimed the attack on their leak site on Saturday and says they have exfiltrated appr.....»»
Researchers: To tackle gendered violence, Australia also needs to look at drugs, trauma and mental health
After several highly publicized alleged murders of women in Australia, the Albanese government this week pledged more than A$925 million over five years to address men's violence towards women. This includes up to $5,000 to support those escaping vio.....»»
American Axle Q1 revenue, profit climb
American Axle & Manufacturing increased revenue and profit in the first quarter thanks to steadier production from its customers. Net income swung to a $20.5 million gain from a $5.1 million deficit in the same period last year......»»