Cybersecurity Brief: $500M Paid to Russian Ransomware, Delta on CrowdStike, Meta Releases Llama 3.1
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Russian-speaking ransomware gangs have been found responsible for 69% of all global ransom payments, amassing over $500 million in cryptocurrency proceeds in 2023. These figures highlight the significant dominance of Russian cybercriminals in the ransomware landscape, according to a report by TRM Labs. Major groups like LockBit and ALPHV/BlackCat have been pivotal, collectively gathering at least $320 million. The report also underscores Russia's leading role in money laundering and illicit crypto exchanges, driven by regulatory gaps and geopolitical isolation, which complicate efforts to curb these cyber activities.
More reading: https://www.bleepingcomputer.com/news...
Delta Air Lines is reportedly seeking damages from cybersecurity firm CrowdStrike and tech giant Microsoft following a significant IT outage caused by a flawed CrowdStrike software update. The outage disrupted Delta's operations, leading to over 5,400 flight cancellations and an estimated $500 million loss. Delta has engaged prominent attorney David Boies to pursue potential claims against both companies, highlighting the severe impact and ongoing recovery efforts from the incident. This situation underscores the critical importance of reliable cybersecurity measures and the potential repercussions of system failures.
More reading: https://abcnews.go.com/GMA/Travel/del...
Llama 3.1 and PromptGuard more reading: https://www.theregister.com/2024/07/2...
https://llama.meta.com/docs/model-car...
00:00 Introduction
00:58 $500M Paid to Russian Ransomware Crews
05:51 Delta Hires Law Firm for CrowdStrike Incident
09:20 Meta Releases Llama 3.1 and Security Framework
12:46 Outro