Cyber Security

U.S. officials on Sunday ratcheted up pressure on companies and foreign adversaries to fight cybercriminals, and said President Joe Biden is considering all options, including a military response, to counter the growing threat.

GameStop earnings, Apple's developer conference, and a hearing on the Colonial Pipeline hacking are among the big events that will capture investor attention in the coming week.

Energy Secretary Jennifer Granholm on Sunday admitted that U.S. adversaries currently have the capability to shut down U.S. power grids with cyberattacks.

Elon Musk appears to be the latest target of a notorious group of hackers.

In April, REvil (short for Ransomware Evil), demonstrated the use of a tactic called triple extortion, according to security researchers.

As the news broke that cybersecurity will be a top subject of discussion in an upcoming summit between President Biden and Russian President Vladimir Putin, top St. Petersburg banker Andrey Kostin told Fox Business' “Claman Countdown” that the two men are likely to build a constructive relationship during the American president's tenure.

Hackers accessing a single remote account were able to interrupt operations at Colonial Pipeline, one of the largest pipeline systems for refined oil products in the U.S., a cybersecurity expert says.

The White House is urging the private sector to take ransomware crime seriously by ensuring corporate cyber defenses match the threat, while warning that "no company is safe" from being targeted.

If it seems like complex cyberattacks are happening more often and on a larger scale, that's because they are, according to cybersecurity experts.

The FBI attributed the attack on Brazil-based meat processor JBS SA to REvil, a Russian-speaking gang that has made some of the largest ransomware demands on record in recent months.

With easily accessible hacking tools and hard-to-trace financing amid the rise of cryptocurrency, cybercrime is soaring around the world, experts say.

The Metropolitan Transportation Authority in New York City says its systems were breached in April in what is now the fourth known mass cybersecurity hack in just one month.

The FBI identified ransomware group REvil on Wednesday as the entity responsible for the cyberattack that forced key US meat producer JBS to shut down all of its beef plants.

The JBS and Colonial Pipeline cyberattacks show that foreign criminal organizations are targeting critical industries and infrastructure in the U.S.