A recent report by TRM Labs highlights that Russian-speaking cybercriminals dominated the ransomware landscape in 2023, accounting for 69% of the total illicit crypto proceeds, amounting to over $500 million. Major players like LockBit and BlackCat collectively collected $320 million in ransom payments. Additionally, Russian dark web markets represented 95% of global sales for illicit items and services, generating $1.4 billion in transactions compared to $100 million from Western counterparts. The report also noted Russia's significant role in cryptocurrency money laundering, with platforms like Garantex handling substantial amounts to fund military supplies from China for the conflict in Ukraine. TRM attributes this predominance to historical, regulatory, and geopolitical factors.

Russian ransomware gangs account for 69% of all ransom proceeds bleepingcomputer

The article discusses the U.S. military's ongoing challenge to train and retain skilled cyber personnel and advocates for the creation of a dedicated Cyber Force as a long-term solution. Due to the slow process of establishing this new force, the article recommends interim measures to address current shortcomings. These include prioritizing specialization in cyber roles, providing job-specific training, redesigning career paths, and revamping incentive pay programs to better retain talent. The suggested changes aim to improve the Army's efficacy in cyber operations and prepare it for the future establishment of a Cyber Force.

A Cyber Force Is Not the Only Solution warontherocks

Microsoft has provided additional information regarding the recent crashes involving Windows and CrowdStrike software. The issue stemmed from a compatibility conflict that caused systems to crash, affecting users who rely on both Windows and CrowdStrike. Microsoft is currently working with CrowdStrike to resolve the problem and prevent future occurrences, while advising affected users to follow specific troubleshooting steps provided by the companies.

Microsoft Reveals More Details About Windows CrowdStrike Crash — PCMag pcmag.com

The U.S. Department of Health and Human Services (HHS) announced a restructuring aimed at enhancing strategy and policymaking for IT, cybersecurity, data, and AI. Responsibilities will be redistributed among three agencies, with the Office of the National Coordinator for Health IT (ONC) rebranded to include broader technology and policy roles. Key positions, including Chief Technology Officer and Chief AI Officer, will oversee respective strategies and governance. This restructuring supports President Biden’s executive order on AI and aims to improve HHS’s adaptability and strategic initiatives in these critical areas.

HHS announces major new AI, cybersecurity and IT reorganization Healthcare IT News