Olympus US hack tied to sanctioned Russian ransomware group

An “ongoing” cyberattack against the Japanese technology giant Olympus was caused by a Russian ransomware group sanctioned by the U.S. government, according to two people with knowledge of the incident. A new malware variant known as Macaw was used in the attack that began on October 10, which encrypted Olympus’ systems in the U.S., Canada […]

New Treasury sanctions take aim at blocking ransomware groups from cashing out

The U.S. Treasury is wading into the fight against ransomware by sanctioning virtual cryptocurrency exchange Suex for its role in facilitating ransomware payments. The sanctions are the first of its kind against a cryptocurrency exchange, and prohibit Americans from doing business with the company. It’s the latest action as part of a U.S. government-wide effort […]

Technology giant Olympus hit by BlackMatter ransomware

Olympus said in a brief statement Sunday that it is “currently investigating a potential cybersecurity incident” affecting its European, Middle East and Africa computer network. “Upon detection of suspicious activity, we immediately mobilized a specialized response team including forensics experts, and we are currently working with the highest priority to resolve this issue. As part […]