By Adrianne Appel2025-08-12T21:56:00
The BlackSuit ransomware organization, which for years has extorted U.S. hospitals, critical infrastructure, and businesses, has taken a major hit under a U.S.-led, global law enforcement operation that seized the criminal group’s servers and assets, the Department of Justice (DOJ) said Monday.
BlackSuit, previously known as the Royal Ransomware group, has since 2022 extorted at least 450 U.S. business and institutional victims of a total of $370 million, according to the U.S. Cybersecurity & Infrastructure Security Agency.
BlackSuit victims have included manufacturers, energy entities, government offices, health care, and other businesses and services.
2025-08-11T20:10:00Z By Ruth Prickett
Legal firms face growing global regulatory pressure, requiring compliance managers to focus on integrated systems, identity verification, and staff training to prevent crime and penalties.
2025-06-10T15:26:00Z By Aaron Nicodemus
There are stories we tell ourselves in third-party risk management (TPRM) to make ourselves feel better about the corners we cut.
2025-05-22T14:37:00Z By Aaron Nicodemus
The Federal Trade Commission has ordered web hosting company GoDaddy to implement a “robust” information security program following at least three data breaches that the agency said were aided by lax cybersecurity measures.
2025-11-07T22:18:00Z By Adrianne Appel
First Trust Portfolios has been fined $10 million by FINRA for allegedly providing excessive meals, gifts, and other incentives to broker-dealers.
2025-11-06T19:01:00Z By Adrianne Appel
Four U.S. citizens were arrested in California Wednesday in connection with a massive, $346 million international credit card fraud scheme based in Germany, in which compliance officers were allegedly complicit, according to the DOJ.
2025-11-05T18:35:00Z By Oscar Gonzalez
Approximately $9 billion of potential shadow-banking flows tied to Iranian networks in 2024, according to a new analysis from FinCEN. The report highlights how illicit funds are making their way through financial institutions as they meet the requirements of the Bank Secrecy Act (BSA).
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