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Illegal Drug Trade Fuels $1.37B in Crypto Transactions at Russian Dark Site

A Russian-language dark web marketplace called Hydra that is known to facilitate the illegal sale of narcotics has seen cryptocurrency transactions soar over the last five years. According to a report by Flashpoint and Chainalysis, Hydra s crypto business began accelerating in 2017 after its chief competitor was shut down by Russian law enforcement authorities. ....

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Colonial Pipeline Ransomware Attack Rattles Power Industry, Renews Vulnerability Concerns

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Colonial Pipeline Ransomware Attack Rattles Power Industry, Renews Vulnerability Concerns
A ransomware incident on May 7 that prompted Colonial Pipeline Co., owner of the nation’s largest refined products pipeline, to proactively shut it down underscores the punch cyberthreats can pose to organizations, “regardless of size or sector,” the U.S. Cybersecurity and Infrastructure Security Agency (CISA) has warned.
Five days after Colonial Pipeline first learned it was the victim of a cyberattack, the Alpharetta, Georgia-headquartered company continued to restore operations on the 5,500-mile pipeline, which transports more about 45% of all fuel consumed on the East Coast from refineries primarily in the Gulf Coast. The White House on Monday said the Biden admi ....

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Singtel Suffers Zero-Day Cyberattack, Damage Unknown

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The Tier 1 telecom giant was caught up in a coordinated, wide-ranging attack using unpatched security bugs in the Accellion legacy file-transfer platform.
Singtel, Tier 1 telecom carrier throughout Asia and owner of Australian telco Optus, has been impacted by a software security hole in a third-party file transfer appliance targeted by attackers. Singtel is one of multiple organizations affected by the bug, including an Australian medical research institution.
The point of entry for the attack was software company Accellion, maker of (among other things) a legacy large file transfer product called File Transfer Appliance, or FTA. FTA is a 20-year-old product that was targeted by a “sophisticated cyberattack” on Dec. 23, according to a company notice in early February. ....

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