Nation-states and cybercriminals work together to cause more damage

A new report from OpenText finds that collaboration and coordination taking place between nation-states and cybercrime rings to target global supply chains and further geopolitical motives has become a signature trend in the threat landscape. Russia has been seen to collaborate with malware-as-a-service gangs including Killnet, Lokibot, Ponyloader and Amadey, while China has entered into similar relationships with the Storm0558, Red Relay, and Volt Typhoon cybercrime rings, typically to support its geopolitical agenda in the South China Sea. Attacks are targeting specific events, especially major holidays and military aid to Ukraine, turning the upcoming US presidential election into a time… [Continue Reading]