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A series of digital heists targeting African banks reinforces financial leaders' concerns about cybercrime. The Defense Department's zero-trust strategy is on the way. And K-12 school districts struggle with ransomware. This is CyberScoop for Nov. 3.

Cybercriminals net millions over four-year campaign

A French-speaking cybercrime group pulled off a series of heists over the past four years, netting perhaps as much as $30 million from firms in Africa, Asia and Latin America. Using a combination of high-quality spear phishing and off-the-shelf tools, the group has carried out more than 30 attacks targeting banks, financial services and telecommunications firms, according to research on the group’s activities published Thursday. AJ Vicens reports.

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DOD signs out zero trust strategy

The Department of Defense has signed out its much anticipated zero-trust strategy aimed at bolstering its cybersecurity. It was signed last Thursday by Chief Information Officer John Sherman, and officials expect it could be publicly released in a week or two once the classification review is completed, Randy Resnick, director of the zero trust portfolio management, said Wednesday at the FCW CDM Summit. Mark Pomerleau writes in DefenseScoop.

Cyber threats in K-12 are 'here to stay'

Improving the basic cybersecurity postures of K-12 school districts doesn’t have to be an expensive undertaking, even as costly ransomware incidents targeting the sector slogs on, speakers said Wednesday during an online event hosted by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency. Ransomware attacks, CISA Director Jen Easterly said in pre-recorded comments, “strike at the core of schools’ financial stability and ability to carry out fundamental educational mission.” Benjamin Freed reports for StateScoop.

Black Basta ransomware may have ties to FIN7

Cybersecurity firm SentinelLabs released a report on the Black Basta ransomware that quickly breached over 90 organizations this year. The firm pointed to a backdoor and hosting provider used by Black Basta that was also used by the long-running cybercrime group FIN7. SentinelLabs say that it's "highly likely" there is a connection between the two groups and that it's likely that one or multiple developers for Black Basta was also a developer for FIN7. Read the full report.

WATCH: VIP interviews from CyberTalks

Cybersecurity and digital privacy concerns permeate every aspect of government and industry, driving geopolitical decisions and determining how organizations battle ransomware. During CyberTalks 2022, leaders from government and industry discussed how to secure critical infrastructure, bolster digital defenses, promote cyber resiliency and create new consumer protections. Hear from:

Find everything about the event here.

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