Newsletter compiled by Jon Munshaw.
Good afternoon, Talos readers.
We seriously can't escape from ransomware. It's in the headlines constantly and has now drawn the full attention of the federal government. But we at Talos recognize that is going to take far more than just words to address this global threat. In this opinion piece we published this week along with the Cyber Threat Alliance, we outlined some steps we feel the government and private sector need to take to ensure physical life and property, critical infrastructure and the economy are all protected from ransomware. Back in the security space, we also had Microsoft Patch Tuesday this week. The company disclosed several vulnerabilities that they've seen actively exploited in the wild, so you should patch all of your Microsoft products if you haven't already.
Cybersecurity week in review
The U.S. Department of Justice recovered roughly $2.3 million worth of Bitcoin paid to attackers in the Colonial Pipeline ransomware incident. The pipeline paid more than $4 million to the actors who compromise its network in hopes of restoring operations as quickly as possible.
The CEO of Colonial Pipeline said in testimony to Congress that the company paid the ransom to avoid a worst-case scenario. After the compromise was first detected, the company focused solely on making sure the adversaries couldn't seize physical control of the pipeline, he ..
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