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Black Arrow Cyber Threat Briefing 16 July 2021

Black Arrow Cyber Threat Briefing 16 July 2021: 84% Of Orgs Experienced Phishing Or Ransomware Attacks In The Last Year; Phishing continues to be one of the easiest paths for ransomware; Only Half Of Orgs Can Defend Against Ransomware; MI5 Chief Warns Public Of Cyber-Threat From Hostile States Such As China & Russia; Almost All Orgs Suffered Insider Data Breaches; Cyber Crime Costs Orgs Nearly $1.79 Million Per Minute; Sonicwall Releases Urgent Notice About 'Imminent' Ransomware Targeting Firmware; Google Finds Zero-Day Security Flaws In All Your Favourite Browsers

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.


Top Cyber Stories of the Last Week

 84% Of Organisations Experienced Phishing Or Ransomware Attacks In The Last Year

A new report from Trend Micro has found that 84% of organisations have reported phishing or ransomware security incidents in the last 12 months.

The findings come from an Osterman Research study commissioned by Trend Micro that was compiled from interviews with cyber security professionals in midsize and large organisations nationwide. The research also found that half of organisations are not effective at countering phishing and ransomware threats.

https://www.itpro.co.uk/security/ransomware/360191/84-of-organizations-experienced-phishing-or-ransomware-attacks-in-last

 

Phishing continues to be one of the easiest paths for ransomware

Ransomware gangs are still using phishing as one of the main ways to attack an organisation, according to a new survey from Cloudian featuring the insights of 200 IT decision-makers who experienced a ransomware attack over the last two years.

More than half of all respondents have held anti-phishing training among employees, and 49% had perimeter defenses in place when they were attacked.

Nearly 25% of all survey respondents said their ransomware attacks started through phishing, and of those victims, 65% had conducted anti-phishing training sessions. For enterprises with fewer than 500 employees, 41% said their attacks started with phishing. About one-third of all victims said their public cloud was the entry point ransomware groups used to attack them.

https://www.zdnet.com/article/phishing-continues-to-be-one-of-the-easiest-paths-for-ransomware-report/

Ransomware: Only Half Of Organisations Can Effectively Defend Against Attacks, Warns Report

Around half of firms don't have the technology to prevent or detect ransomware attacks, according to research by cybersecurity company Trend Micro. It suggests that many organisations don't have the cybersecurity capabilities required to prevent ransomware attacks, such as the ability to detect phishing emails, remote desktop protocol (RDP) compromise or other common techniques deployed by cyber attackers during ransomware campaigns. 

For example, the report warns that many organisations struggle with detecting the suspicious activity associated with ransomware and attacks that could provide early evidence that cyber criminals have compromised the network. That includes failing to identify unusual lateral movement across corporate networks, or being able to spot unauthorised users gaining access to corporate data.

https://www.zdnet.com/article/ransomware-only-half-of-organisations-can-effectively-defend-against-attacks-warns-report/

MI5 Chief Warns Public Of Cyber-Threat From Hostile States Such As China & Russia

Head of Britain's MI5, Ken McCallum, is urging the public to be as vigilant about threats from "hostile states" as from terrorism.

These include disruptive cyber-attacks, misinformation, espionage and interference in politics - and are usually linked to Russia and China.

McCallum is warning that "less visible threats... have the potential to affect us all," affecting UK jobs and public services and could even lead to a loss of life.

The head of the Security Service wants to challenge the idea that activity by so-called "hostile states", usually taken to mean primarily Russia and China, only affects governments or certain institutions.

Instead, he is to argue in an annual threat update, that the British public are not immune to the "tentacles" of covert action by other states.

In the speech at MI5's Thames House headquarters, Mr McCallum will warn the "consequences range from frustration and inconvenience, through loss of livelihood, potentially up to loss of life".

https://eutoday.net/news/security-defence/2021/uk-mi5-chief-ken-mccallum-warns-public-of-cyber-threat-from-hostile-states-such-as-china-russia

Almost All Organisations Have Suffered Insider Data Breaches

Egress’ Insider Data Breach Survey 2021 claims that 94 percent of organisations have experienced insider data breaches in the last year. Human error was the top cause of serious incidents, according to 84 percent of IT leaders surveyed.

However, IT leaders are more concerned about malicious insiders, with 28 percent indicating that intentionally malicious behaviour is their biggest fear. Despite causing the most incidents, human error came bottom of the list, with just over one-fifth (21 percent) saying that it’s their biggest concern.

Additionally, almost three-quarters (74 percent) of organisations have been breached because of employees breaking security rules, and 73 percent have been the victim of phishing attacks.

The survey, independently conducted by Arlington Research on behalf of Egress, surveyed 500 IT leaders and 3,000 employees in the US and UK across vertical sectors including financial services, healthcare and legal.

https://workplaceinsight.net/almost-all-organisations-have-suffered-insider-data-breaches/

Cyber Crime Costs Organisations Nearly $1.79 Million Per Minute

Cybercrime costs organisations an incredible $1.79m every minute, according to RiskIQ’s 2021 Evil Internet Minute Report.

The study, which analysed the volume of malicious activity on the internet, laid bare the scale and damage of cyber-attacks in the past year, finding that 648 cyber-threats occurred every minute.

The researchers calculated that the average cost of a breach is $7.2 per minute, while the overall predicted cybersecurity spend is $280,060 every minute.

E-commerce has been heavily hit by online payment fraud in the past year, with cyber-criminals taking advantage of the shift to online shopping during the COVID-19 pandemic. While the e-commerce industry saw a record $861.1bn in sales, it lost $38,052 to online payment fraud every minute.

https://www.infosecurity-magazine.com/news/cybercrime-costs-orgs-per-minute/

Phishing, Ransomware Driving Wave of Data Breaches

Data compromises have increased every month this year except May.

If that trend continues, or even if there is only an average of 141 new compromises per month for the next six months, the total will still exceed the previous high of 1,632 breaches set in 2017.

These were among the findings of the nonprofit organization Identity Theft Resource Center’s (ITRC) latest data breach analysis report, which revealed publicly reported U.S. data breaches are up 38% in the second quarter of 2021, for a total of 491 compromises, compared to Q1.

https://securityboulevard.com/2021/07/phishing-ransomware-driving-wave-of-data-breaches/

Top CVEs Trending with Cybercriminals

An analysis of criminal forums reveal what publicly known vulnerabilities attackers are most interested in.

Criminal small talk in underground forums offer critical clues about which known Common Vulnerabilities and Exposures (CVEs) threat actors are most focused on. This, in turn, offers defenders clues on what to watch out for.

An analysis of such chatter, by Cognyte, examined 15 cybercrime forums between Jan. 2020 and March 2021. In its report, researchers highlight what CVEs are the most frequently mentioned and try to determine where attackers might strike next.

“Our findings revealed that there is no 100 percent correlation between the two parameters, since the top five CVEs that received the highest number of posts are not exactly the ones that were mentioned on the highest number of Dark Web forums examined,” the report said. “However, it is still enough to understand which CVEs were popular among threat actors on the Dark Web during the time examined.”

https://threatpost.com/top-cves-trending-with-cybercriminals/167889/

Sonicwall Releases Urgent Notice About 'Imminent' Ransomware Targeting Firmware

Networking device maker SonicWall sent out an urgent notice to its customers about "an imminent ransomware campaign using stolen credentials" that is targeting Secure Mobile Access (SMA) 100 series and Secure Remote Access (SRA) products running unpatched and end-of-life 8.x firmware.

In addition to the notice posted to its website, SonicWall sent an email to anyone using SMA and SRA devices, urging some to disconnect their devices immediately. They worked with Mandiant and other security companies on the issue, according to the release.

https://www.zdnet.com/article/sonicwall-releases-urgent-notice-about-imminent-ransomware-targeting-firmware/

Google Finds Zero-Day Security Flaws In All Your Favourite Browsers

Researchers at Google have shared insight into four zero-day security vulnerabilities in popular web browsers which were exploited in the wild earlier this year.

DIscovered by Google's Threat Analysis Group (TAG), the four vulnerabilities in Google Chrome, Internet Explorer, and WebKit, the browser engine used by Apple's Safari, were used as a part of three different campaigns.

https://www.techradar.com/news/google-finds-zero-day-security-flaws-in-all-your-favorite-browsers


Threats

Ransomware

BEC

Phishing

Other Social Engineering

Malware

Mobile

Vulnerabilities

Data Breaches

Organised Crime & Criminal Actors

Cryptocurrency/Cryptojacking

Insider Threats

Dark Web

Supply Chain

OT, ICS, IIoT and SCADA

Nation State Actors

Privacy

User Education, Awareness and Training



As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our weekly ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 02 July 2021

Black Arrow Cyber Threat Briefing 02 July 2021: Russian Hackers Target IT Supply Chain In Ransomware Attack Leading To Hundreds Of Firms Being Hit; 71% Of Orgs Experienced BEC Attacks Over The Past Year; Cyber Insurance Making Ransomware Crisis Worse; Breach Exposes 92% Of LinkedIn Users; Users Clueless About Cyber Security Risks; Paying Ransoms Make You A Bigger Target; Cyber Crime Never Sleeps; Classified MOD Docs Found At Bus Stop; Don’t Leave Your Cyber IR Plan To IT, It’s An Organisational Risk

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.


Top Cyber Stories of the Last Week


Russian Hackers Target IT Supply Chain In Ransomware Attack Leading To Hundreds Of Firms Being Hit

Hackers began a ransomware attack on Friday, hitting at least 200 companies, according to cyber security researchers. 

In what appears to be one of the largest supply chain attacks to date, hackers compromised Kaseya, an IT management software supplier, in order to spread ransomware to the managed service providers that use its technology, as well as to their clients in turn. 

The attacks have been attributed t=to REvil, the notorious Russia-linked ransomware cartel that the FBI claimed was behind recent crippling attack on beef supplier JBS. 

The attack is the latest example of hackers weaponising the IT supply chain in order to attack victims at scale, by breaching just one provider. Last year, it emerged that Russian state-backed hackers had hijacked the SolarWinds IT software group in order to penetrate the email networks of US federal agencies and corporations, for example. 

Late on Friday, Kaseya urged those using the compromised “VSA server” tool, which provides remote monitoring and patching capabilities, to shut it down immediately. 

https://www.ft.com/content/a8e7c9a2-5819-424f-b087-c6f2e8f0c7a1


71% Of Organisations Experienced BEC Attacks Over The Past Year

Business email compromise (BEC) attacks are one of the most financially damaging cyber crimes and have been on the rise over the past year. This is according to a new report which revealed that spoofed email accounts or websites accounted for the highest number of BEC attack as 71% of organisations acknowledged they had seen one over the past year. This is followed by spear phishing (69%) and malware (24%). Data from 270 IT and cyber security professionals were collected to identify the latest enterprise adoption trends, gaps and solution preferences related to phishing attacks.

https://www.helpnetsecurity.com/2021/06/25/bec-attacks-past-year/


Cyber Insurance Isn't Helping With Cyber Security, And It Might Be Making The Ransomware Crisis Worse, Say Researchers

Cyber insurance is designed to protect organisations against the fallout of cyber attacks, including covering the financial costs of dealing with incidents. However, some critics argue that insurance encourages ransomware victims to simply pay the ransom demand that will then be covered by the insurers, rather than have adequate security to deter hackers in the first place. Insurers argue that it's the customer that makes any decision to pay the ransom, not the insurer.

https://www.zdnet.com/article/ransomware-has-become-anc`-existential-threat-that-means-cyber-insurance-is-about-to-change/


LinkedIn Breach Reportedly Exposes Data Of 92% Of Users, Including Inferred Salaries

A second massive LinkedIn breach reportedly exposes the data of 700M users, which is more than 92% of the total 756M users. The database is for sale on the dark web, with records including phone numbers, physical addresses, geolocation data, and inferred salaries. The hacker who obtained the data has posted a sample of 1M records, and checks confirm that the data is both genuine and up to date. No passwords are included, but as the site notes, this is still valuable data that can be used for identity theft and convincing-looking phishing attempts that can themselves be used to obtain login credentials for LinkedIn and other sites. https://9to5mac.com/2021/06/29/linkedin-breach/


Users Clueless About Cyber Security Risks

Organisations are facing yet another unprecedented threat to their cyber security now that employees are headed back into offices with their personal devices, lax security hygiene and no clue about some of the most catastrophic attacks in history, such as the Colonial Pipeline shutdown. A new survey shows the mountains of work ahead for security teams in not just locking down their organisations’ systems but also in keeping users from getting duped into handing over the keys to the kingdom. 2,000 end users were surveyed in the U.S. and found the dangers to critical infrastructure, utilities and food supplies are not sinking in with the public, despite the deluge of headlines.

https://threatpost.com/users-clueless-cybersecurity-risks-study/167404/


Ransomware: Paying Up Won't Stop You From Getting Hit Again, Says Cyber Security Chief

Ireland's Health Service Executive (HSE) has been praised for its response after falling victim to a major ransomware attack and for not giving into cyber criminals and paying a ransom. HSE was hit with Conti ransomware in May, significantly impacting frontline health services. The attackers initially demanded a ransom of $20 million in bitcoin for the decryption key to restore the network. While the gang eventually handed over a decryption key without receiving a ransom, they still published stolen patient data – a common technique by ransomware attackers, designed to pressure victims into paying.

https://www.zdnet.com/article/ransomware-paying-up-wont-stop-you-from-getting-hit-again-says-cybersecurity-chief/


Don’t Leave Your Cyber IR Plan To IT, It’s An Organisational Risk

Phishing attacks, insider threats, denial of service disruptions, malware and ransomware — cyber security incidents like these happen on a daily basis. For most of these incidents, the onsite IT team will remediate based on a pre-developed plan and process. And for many of these incidents, that’s a solid approach. But those incident response plans and strategies are IT oriented and geared toward short-term fixes and single incident responses. Meaning, if an incident accelerates beyond a handful of infected laptops or a compromised server and begins to affect operations of all or even part of the organisation, business itself can be disrupted — or even shut down entirely.

https://securityintelligence.com/posts/incident-response-vs-cyber-crisis-management-plan/


Cyber Crime Never Sleeps

When the Colonial Pipeline fell victim to a ransomware attack, people across the United States were shocked to find that a single episode of cyber crime could lead to widespread delays, gas shortages and soaring prices at the pump. But disruptive ransomware attacks like these are far from rare; in fact, they are becoming more and more frequent. Cyber crime is on the rise, and our cyber security infrastructure desperately needs to keep up. A quick look at the data from the last year confirms that cyber crime is a growing threat. Identity theft doubled in 2020 over 2019.

https://www.newsweek.com/cybercrime-never-sleeps-opinion-1603901


IT, Healthcare And Manufacturing Facing Most Phishing Attacks

Researchers examined more than 905 million emails for the H1 2021 Global Phish Cyber Attack Report, finding that the IT industry specifically saw 9,000 phishing emails in a one month span out of almost 400,000 total emails. Their healthcare industry customers saw more than 6,000 phishing emails in one month out of an average of over 450,000 emails and manufacturing saw a bit less than 6,000 phishing emails out of about 330,000 total emails. Researchers said these industries are ripe targets because of the massive amount of personal data they collect and because they are often stocked with outdated technology that can be easily attacked.

https://www.zdnet.com/article/it-healthcare-and-manufacturing-facing-most-phishing-attacks-report/


Classified Ministry Of Defence Documents Found At Bus Stop

Classified Ministry of Defence documents containing details about HMS Defender and the British military have been found at a bus stop in Kent. One set of documents discusses the likely Russian reaction to the ship's passage through Ukrainian waters off the Crimea coast on Wednesday. Another details plans for a possible UK military presence in Afghanistan after the US-led NATO operation there ends. The government said an investigation had been launched.

https://www.bbc.co.uk/news/uk-57624942


Cabinet Office Increases Cyber Security Training Budget By Almost 500%

The UK’s Cabinet Office increased its cyber security training budget to £274,142.85 in the fiscal year 2021 – a 483% increase from the £47,018 spent in the previous year. In its FOI response, the Cabinet Office detailed the cyber security courses attended by its staff, revealing that the number of booked courses grew from 35 in 2019-20 to 428 in the current fiscal year.

https://www.itpro.co.uk/security/cyber-security/360039/cabinet-office-increases-cyber-spending-by-almost-500-amid-cctv


Threats

Ransomware

Phishing

Malware

Mobile

IoT

Data Breaches

Organised Crime & Criminal Actors

 Cryptocurrency/Cryptojacking

OT, ICS, IIoT and SCADA

Nation State Actors

Cloud

Privacy




As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our weekly ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 25 June 2021

Black Arrow Cyber Threat Briefing 25 June 2021: BEC Losses Top $1.8B As Tactics Evolve; 30M Dell Devices At Risk For Remote BIOS Attacks, Remote Code Exploits; Bad Employee Behaviours Picked Up During Remote Working Pose Serious Security Risks; Ways Technical Debt Increases Security Risk; Orgs Ill-Equipped To Deal With Growing BYOD Security Threats; Firewall Manufacturer Sees 226.3 Million Ransomware Attack Attempts This Year; Ransomware Criminals Look To Other Hackers To Provide Them With Network Access


Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.


Top Cyber Stories of the Last Week

BEC Losses Top $1.8B As Tactics Evolve

Business email compromise (BEC) attacks ramped up significantly in 2020, with more than $1.8 billion stolen from organisations with these types of attacks last year alone — and things are getting worse. BEC attacks are carried out by cyber criminals either impersonating someone inside an organisation, or masquerading as a partner or vendor, bent on financial scamming. A new report from Cisco’s Talos Intelligence examined the tactics of some of the most dangerous BEC attacks observed in the wild in 2020 and reminded the security community that in addition to technology, smart users armed with a healthy scepticism of outside communications and the right questions to ask are the best line of defence. “The reality is, these types of emails and requests happen legitimately all over the world every day, which is what makes this such a challenge to stop,” the report said.

https://threatpost.com/bec-losses-top-18b/167148/

30M Dell Devices At Risk For Remote BIOS Attacks, Remote Code Execution

A high-severity series of four vulnerabilities can allow remote adversaries to gain arbitrary code execution in the pre-boot environment on Dell devices, researchers said. They affect an estimated 30 million individual Dell endpoints worldwide. According to analysis the bugs affect 129 models of laptops, tablet, and desktops, including enterprise and consumer devices, that are protected by Secure Boot. Secure Boot is a security standard aimed at making sure that a device boots using only software that is trusted by the device original equipment manufacturer (OEM), to prevent rogue takeovers.

https://threatpost.com/dell-bios-attacks-rce/167195/

Bad Employee Behaviours Picked Up During Remote Working Pose Serious Security Risks in the New Hybrid Workplace

Most employers are wary that the post-pandemic hybrid workforce would bring bad cyber security behaviours. More than half (56%) of employers believed that employees had picked bad security practices while working remotely. Similarly, nearly two-fifths (39%) of employees also admitted that their employee behaviours differed significantly while working from home compared to the office. Additionally, nearly a third (36%) admitted discovering ‘workarounds’ since they started working remotely. Younger workers were more prone to these bad employee behaviours, with 51% of 16-24, 46% of 25-34, and 35% of 35-44-year-olds using ‘workarounds.’ Close to half (49%) of workers adopted the risky behaviour because they felt that they were not being watched by IT departments. Nearly a third (30%) said they felt that they could get away with the risky employee behaviours while working away from the office.

https://www.cpomagazine.com/cyber-security/bad-employee-behaviors-picked-up-during-remote-working-pose-serious-security-risks-in-the-new-hybrid-workplace/

7 Ways Technical Debt Increases Security Risk

Two in three CISOs believe that technical debt, the difference between what's needed in a project and what's finally deployed, to be a significant cause of security vulnerability, according to the 2021 Voice of the CISO report. Most technical debt is created by taking shortcuts while placing crucial aspects such as architecture, code quality, performance, usability, and, ultimately, security on hold. Many large organisations are carrying tens or hundreds of thousands of discovered but un-remediated risks in their vulnerability management systems,. In many sectors there's this insidious idea that underfunded security efforts, plus risk management, are almost as good as actually doing the security work required, which is dangerously wrong.

https://www.csoonline.com/article/3621754/7-ways-technical-debt-increases-security-risk.html

Organisations Ill-Equipped To Deal With Growing BYOD Security Threats

A report shows the rapid adoption of unmanaged personal devices connecting to work-related resources (aka BYOD) and why organisations are ill-equipped to deal with growing security threats such as malware and data theft. The study surveyed hundreds of cyber security professionals across industries to better understand how COVID-19’s resulting surge of remote work has affected security and privacy risks introduced using personal mobile devices. The insights in this report are especially relevant as more enterprises are shifting to permanent remote work or hybrid work models, connecting more devices to corporate networks and, as a result, expanding the attack surface.

https://www.helpnetsecurity.com/2021/06/17/byod-security/

Firewall Manufacturer SonicWall Sees 226.3 Million Ransomware Attack Attempts This Year

Firewall manufacturer SonicWall said it saw dramatic increases in almost every market, even in those such as the US and UK, where ransomware attacks were already common. The US saw a 149% spike, and the UK 69%. “The bombardment of ransomware attacks is forcing organisations into a constant state of defence rather than an offensive stance,” said the SonicWall CEO. “And as the tidal wave of ransomware attacks continues to crush company after company, there is a lot of speculation on how to keep individual organisations safe, but no real consensus on how to move forward when it comes to combating ransomware.

https://www.computerweekly.com/news/252502854/SonicWall-sees-2263-million-ransomware-attack-attempts-this-year

Ransomware Criminals Look To Other Hackers To Provide Them With Network Access

According to a new report, cyber criminals distributing ransomware are increasingly turning to other hackers to buy access into corporate networks.

Researchers said a robust and lucrative criminal ecosystem exists where criminals work together to carry out ransomware attacks. In this ecosystem, ransomware operators buy access from independent cyber criminal groups who infiltrate major targets for part of the ransom proceeds.

Cyber criminal threat groups already distributing banking malware or other trojans may also become part of a ransomware affiliate network said researchers.

https://www.itpro.co.uk/security/ransomware/359919/ransomware-criminals-look-to-other-hackers-to-provide-them-with-network

5 Biggest Healthcare Security Threats For 2021

Cyber Attacks targeting the healthcare sector have surged because of the COVID-19 pandemic and the resulting rush to enable remote delivery of healthcare services. Security vendors and researchers tracking the industry have reported a major increase in phishing attacks, ransomware, web application attacks, and other threats targeting healthcare providers. The trend has put enormous strain on healthcare security organisations that already had their hands full dealing with the usual volume of threats before the pandemic. “The healthcare industry is under siege from a range of complex security risks," says Terry Ray. Cyber Criminals are hunting for the sensitive and valuable data that healthcare has access to, both patient data and corporate data, he says. Many organisations are struggling to meet the challenge because they are under-resourced and rely on vulnerable systems, third-party applications, and APIs to deliver services.

https://www.csoonline.com/article/3262187/biggest-healthcare-security-threats.html


Threats

Ransomware

BEC

Phishing

Other Social Engineering

Malware

Mobile

Vulnerabilities

Data Breaches

Cryptocurrency

Dark Web

OT, ICS, IIoT and SCADA

Nation State Actors

Cloud

Privacy



As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our weekly ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 18 June 2021

Black Arrow Cyber Threat Briefing 18 June 2021: Ransomware Now Ranks As UK’s Top Cyber Security Danger; 54% of all employees reuse passwords across accounts; Most Firms Face Second Ransomware Attack After Paying Off First; Bad Cyber Security Behaviours Plaguing The Remote Workforce; VPN Attacks Up Nearly 2000% As Companies Embrace A Hybrid Workplace; Over 65,000 Ransomware Attacks Expected In 2021; Business Leaders Now Feel More Vulnerable To Cyber Attacks

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.



Top Cyber Stories of the Last Week

Ransomware Now Ranks As UK’s Top Cyber Security Danger

Ransomware hackers are now the biggest cyber security threat in the UK for the majority of individuals and businesses in the region, Lindy Cameron, chief executive of the National Cyber Security Centre (NCSC), said in a speech. “For the vast majority of UK citizens and businesses, and indeed for the vast majority of critical national infrastructure providers and government service providers, the primary key threat is not state actors but cyber criminals,” Cameron said in the speech at the second annual cyber security meeting at the Royal United Services Institute (RUSI), the oldest independent defense and security think tank worldwide.

https://www.pymnts.com/news/security-and-risk/2021/ransomware-now-ranks-as-uks-top-cybersecurity-danger/

54% of all employees reuse passwords across multiple work accounts

Results of a study into current attitudes and adaptability to at-home corporate cyber security, employee training, and support in the current global hybrid working era revealed some interesting results. The report surveyed 3,006 employees, business owners, and C-suite executives at large organisations (250+ employees), who have worked from home and use work issued devices in the UK, France and Germany.

According to the findings 54% of all employees use the same passwords across multiple work accounts. 22% of respondents still keep track of passwords by writing them down, including 41% of business owners and 32% of C-level executives.

42% of respondents admit to using work-issued devices for personal reasons daily while working from home. Of these, 29% are using work devices for banking and shopping, and 7% admit to watching illegal streaming services. Senior workers are among the biggest offenders, as 44% of business owners and 39% of C-level executives admit to performing personal tasks on work-issued devices every day since working from home, with 23% of business owners and 15% of C-level respondents using them for illegal streaming/watching TV.

A year after the pandemic began and work-from-home policies were implemented, 37% of all employees across all sectors are yet to receive cyber security training to work from home, leaving businesses largely exposed to evolving risks. 43% of all employees suggest that cyber security isn’t the responsibility of the workforce, with 60% believing this should be handled by IT teams.

https://www.helpnetsecurity.com/2021/06/10/employees-reuse-passwords-across-multiple-work-accounts/

VPN Attacks Up Nearly 2000% As Companies Embrace A Hybrid Workplace

In Q1 2021, there was a 1,916% increase in attacks against Fortinet’s SSL-VPN and a 1,527% increase in Pulse Connect Secure VPN. These vulnerabilities allow a threat actor to gain access to a network. Once they are in, they can exfiltrate information and deploy ransomware. “2020 was the era of remote work and as the workforce adjusted, information technology professionals scrambled to support this level of remote activity by enabling a wide variety of remote connectivity methods,” said J.R. Cunningham, CSO at Nuspire. “This added multiple new attack vectors that enabled threat actors to prey on organisations, which is what we started to see in Q1 and are continuing to see today.”

https://www.helpnetsecurity.com/2021/06/15/vpn-attacks-up/

Most Firms Face Second Ransomware Attack After Paying Off First

Most businesses that choose to pay to regain access to their encrypted systems experience a subsequent ransomware attack. And almost half of those that pay up say some or all their data retrieved were corrupted. Some 80% of organisations that paid ransom demands experienced a second attack, of which 46% believed the subsequent ransomware to be caused by the same hackers. Amongst those that paid to regain access to their systems, 46% said at least some of their data was corrupted, according to a survey released Wednesday. The study polled 1,263 security professionals in seven markets worldwide, including 100 in Singapore, as well as respondents in Germany, France, the US, and UK.

https://www.zdnet.com/article/most-firms-face-second-ransomware-attack-after-paying-off-first/

Over 65,000 Ransomware Attacks Expected In 2021: Former Cisco CEO

U.S. companies are expected to endure over 65,000 ransomware attacks this year — and that's “a conservative number,” according to John Chambers, former CEO of Cisco Systems. With McDonald’s, JBS, and Colonial Pipeline Co. all recently coming under cyber attacks, Chambers does not foresee an end to the onslaught of cyber security threats anytime soon. He estimated that the number of ransomware attacks in 2021 could end up being as high as 100,000, with each one costing companies an average of $170,000. In the case of Colonial, just one password was needed for hackers to compromise the entire company’s IT infrastructure. This led to Colonial and JBS paying a combined $15 million in ransom against FBI advice.

https://finance.yahoo.com/news/over-65000-ransomware-attacks-expected-in-2021-former-cisco-ceo-125100793.html

Business Leaders Now Feel More Vulnerable To Cyber Attacks

Geographically speaking, 55% of US and 49% of UK respondents have experienced the most severe impact to their network security due to these attacks (suggesting that their businesses are more of a target than those in continental Europe) which, in turn, has resulted in a clear majority of respondents (60%) increasing their investment in this area. A sizeable 68% of leaders said their company has experienced a DDoS attack in the last 12 months with the UK (76%) and the US (73%) experiencing a significantly higher proportion compared to 59% of their German and 56% French counterparts. Additionally, over half of the leaders who participated in the survey confirmed that they specifically experienced a DDoS ransom or extortion attack in that time, with a large number of them (65%) targeted at UK companies, compared with the relatively low number in France (38%).

https://www.helpnetsecurity.com/2021/06/14/business-leaders-feel-vulnerable-cyber-attacks/

Ransomware Gang Turns To Revenge Porn

At least one ransomware gang has taken a rare and highly invasive step in order to convince its victims to pay: leaking nude images allegedly uncovered as part of their hack of a target company. The news presents an escalation in the world of ransomware and digital extortion, and comes as the U.S. government and other countries discuss new measures to curb the spike in ransomware incidents. Ransomware groups have recently targeted, and in some cases extracted payment from, the Colonial Pipeline Company, meat producer JBS, and the Irish healthcare system. Locking down computers with ransomware can already have a substantial impact on business operations; leaking information on top of that can present victims with another risk. But posting nude images publicly on the internet threatens to make extortion of organisations a much more personal matter.

https://www.vice.com/en/article/z3xzby/ransomware-gang-revenge-porn-leaks-nude-images

Bank Of America Spends Over $1 Billion Per Year On Cyber Security

Bank of America CEO Brian Moynihan said Monday that the company has ramped its cyber security spending to over $1 billion a year. “I became CEO 11 and a half years ago, and we probably spent three to $400 million [per year] and we’re up over a billion now,” Moynihan said on CNBC’s “Squawk Box.” “The institutions around us, other institutions and my peers, spend like amounts, and our contracting parties spend like amounts,” he added. “In other words, we cause spending in third parties that provide services to us to protect us in the same way. So there’s a lot of money being spend on this, and I think one of the things our industry has done a great job of is work together.”

https://www.cnbc.com/2021/06/14/bank-of-america-spends-over-1-billion-per-year-on-cybersecurity.html

Bad Cyber Security Behaviours Plaguing The Remote Workforce

According to the report, younger employees are most likely to admit they cut cyber security corners, with 51% of 16-24 year olds and 46% of 25-34 year olds reporting they’ve used security workarounds. In addition, 39% say the cyber security behaviours they practice while working from home differ from those practiced in the office, with half admitting it’s because they feel they were being watched by IT departments. IT leaders are optimistic about the return to office, with 70% believing staff will more likely follow company security policies around data protection and privacy. However, only 57% of employees think the same.

https://www.helpnetsecurity.com/2021/06/16/cybersecurity-behaviors/


Threats

Ransomware

BEC

Phishing

Malware

Vulnerabilities

Data Breaches

Organised Crime & Criminal Actors

Cryptocurrency

Supply Chain

OT, ICS, IIoT and SCADA

Nation State Actors

Denial of Service

Cloud

Privacy



As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our weekly ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 11 June 2021

Black Arrow Cyber Threat Briefing 11 June 2021: World’s Biggest Meat Producer JBS Pays $11m Ransom; New Type Of Ransomware Could Be 10 Times As Dangerous; Lewd Phishing Lures Aimed At Business Explode; UK Schools Forced To Shut Following Ransomware; COVID-19 Has Transformed Work, But Cyber Security Is Not Keeping Pace; Colonial Pipeline Ransomware Attack Stemmed From Old VPN Password; Evil Corp Rebrands Ransomware To Escape Sanctions; Billions Of Passwords Leaked Online From Past Data Breaches

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.


Top Cyber Stories of the Last Week

World’s Biggest Meat Producer JBS Pays $11m Cyber Crime Ransom

JBS, the world’s biggest meat processor, has paid an $11m (£7.8m) ransom after a cyber attack shut down operations, including abattoirs in the US, Australia and Canada. While most of its operations have been restored, the Brazilian-headquartered company said it hoped the payment would head off any further complications including data theft. JBS, which supplies more than a fifth of all beef in the US, reportedly made the payment in bitcoin.

https://www.theguardian.com/business/2021/jun/10/worlds-biggest-meat-producer-jbs-pays-11m-cybercrime-ransom

Jackware: A New Type Of Ransomware Could Be 10 Times As Dangerous

Between the attacks on Colonial Pipeline and JBS, which disrupted nearly half of the East Coast’s gasoline supply for a week and threatened 20% of the U.S. meat market, respectively, consumers are finally experiencing the first physical impacts to their daily lives from cyber attacks. As bad as these attacks are, they could get a lot worse. Cyber criminals are constantly evolving, and what is keeping many security professionals up at night is the growing risk of “jackware” — a new type of ransomware that could be 10 times more dangerous because instead of encrypting Windows computers and servers. Jackware hijacks the actual physical devices and machines that make modern life possible. It’s only a matter of when we will see these attacks happen

https://finance.yahoo.com/news/ransomware-jackware-115229732.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Lewd Phishing Lures Aimed At Business Explode

Attackers have amped up their use of X-rated phishing lures in business email compromise (BEC) attacks. A new report found a stunning 974-percent spike in social-engineering scams involving suggestive materials, usually aimed at male-sounding names within a company. The Threat Intelligence team with GreatHorn made the discovery and explained it’s not simply libido driving users to click on these suggestive scams. Instead, these emails popping up on people’s screens at work are intended to shock the user, opening the door for them to make a reckless decision to click. It’s a tactic GreatHorn called “dynamite phishing.”

https://threatpost.com/lewd-phishing-lures-business-explode/166734/

UK Schools Forced To Shut Following Critical Ransomware Attack

Two schools in the south of England have been forced to temporarily close their doors after a ransomware attack that encrypted and stole sensitive data. The Skinners' Kent Academy and Skinners' Kent Primary School were attacked on June 2, according to a statement on the trust’s website which said it is currently working with third-party security experts, the police, and the National Cyber Security Centre (NCSC). It revealed that on-premises servers were targeted at the Tunbridge Well-based schools. As student and staff emergency contact details, medical records, timetables, and registers were encrypted by the attackers, the decision was taken to close on Monday.

https://www.infosecurity-magazine.com/news/schools-shut-ransomware-attacl/

Emerging Ransomware Targets Dozens Of Businesses Worldwide

An emerging ransomware strain in the threat landscape claims to have breached 30 organisations in just four months since it went operational by riding on the coattails of a notorious ransomware syndicate. First observed in February 2021, "Prometheus" is an offshoot of another well-known ransomware variant called Thanos, which was previously deployed against state-run organisations in the Middle East and North Africa last year. The affected entities are believed to be government, financial services, manufacturing, logistics, consulting, agriculture, healthcare services, insurance agencies, energy and law firms in the U.S., U.K., and a dozen more countries in Asia, Europe, the Middle East, and South America.

https://thehackernews.com/2021/06/emerging-ransomware-targets-dozens-of.html

COVID-19 Has Transformed Work, But Cyber Security Is Not Keeping Pace, Report Finds

An international survey of tech professionals from the Thales Group finds some bleak news for the current state of data security: the COVID-19 pandemic has upended cyber security norms, and security teams are struggling to keep up. The problems appear to be snowballing; lack of preparation has led to a scramble resulting in poor data protection practices, outdated security infrastructure not receiving needed overhauls, a jumble of new systems that only make matters worse and priority misalignment between security teams and leadership.

https://www.techrepublic.com/article/covid-19-has-transformed-work-but-cybersecurity-isnt-keeping-pace-report-finds/

Colonial Pipeline Ransomware Attack Was The Result Of An Old VPN Password

It took only one dusty, no-longer-used password for the DarkSide cyber criminals to breach the network of Colonial Pipeline Co. last month, resulting in a ransomware attack that caused significant disruption and remains under investigation by the U.S. government and cyber security experts. Attackers used the password to a VPN account that was no longer in use but still allowed them to remotely access Colonial Pipeline’s network, Charles Carmakal, senior vice president at FireEye’s cyber security consulting firm Mandiant, told Bloomberg in an interview, according to a published report on the news outlet’s website.

https://threatpost.com/darkside-pwned-colonial-with-old-vpn-password/166743/

Evil Corp Rebrands Ransomware To Escape Sanctions

Threat actors behind a notorious Russian cyber crime group appear to have rebranded their ransomware once again in a bid to escape US sanctions prohibiting victims from paying them. Experts took to Twitter to point out that a leak site previously run by the Babuk group, which famously attacked Washington DC’s Metropolitan Police Department (MPD), had rebranded to “PayloadBin.” The Babuk group claimed that it was shutting down its affiliate model for encrypting victims and moving to a new model back in April. A ‘new’ ransomware variant with the same name has also been doing the rounds of late, but according to CTO of Emsisoft, Fabian Wosar, it’s nothing more than a copycat effort by Evil Corp.

https://www.infosecurity-magazine.com/news/evil-corp-rebrands-ransomware/

Billions Of Passwords Leaked Online From Past Data Breaches

A list of leaked passwords discovered on a hacker forum may be one of the largest such collections of all time. A 100GB text file leaked by a user on a popular hacker forum contains 8.4 billion passwords, likely gathered from past data breaches.

https://www.techrepublic.com/article/billions-of-passwords-leaked-online-from-past-data-breaches/


Threats

Ransomware

Phishing

Other Social Engineering

Malware

Mobile

Vulnerabilities

Data Breaches

Organised Crime & Criminal Actors

Cryptocurrency

Nation State Actors

Denial of Service

Charities



As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our weekly ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 21 May 2021

Black Arrow Cyber Threat Briefing 21 May 2021: Ransomware Attacks Are Spiking. Is Your Company Prepared?; Ban Ransom Payments To Hackers, Urges Ex-GCHQ Boss; How Penetration Testing Can Promote A False Sense Of Security; Ransomware’s New Swindle - Triple Extortion; ‘It’s A Battle, It’s Warfare’ - Experts Seek To Defeat Ransomware Attackers; 5 Reasons Why Enterprises Need Cyber Security Awareness And Training; 10 Emerging Cyber Security Trends To Watch In 2021

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.



Top Cyber Stories of the Last Week

5 Reasons Why Enterprises Need Cyber Security Awareness And Training

Research shows that most cyber attacks rely on exploiting the human factor with the help of creative and innovative phishing techniques and other attack vectors. Almost 90% of all data breaches are caused due to human error. Therefore, even if an organisation has a robust cyber security infrastructure in place, the absence of cyber security awareness among employees can leave a huge gap in its cyber security framework. This gap can be easily exploited by cyber criminals to launch various types of cyber attacks. Hence, cyber security awareness and training are very much needed for any enterprise to secure it against cyber attacks.

https://securityboulevard.com/2021/04/5-reasons-why-enterprises-need-cyber-security-awareness-and-training/

Ban Ransom Payments To Hackers, Urges Ex-GCHQ Boss

Britain’s former cyber security chief has called for a ban on ransomware payments after the Irish health service became the latest to be hit by a major attack from international criminals. Ciaran Martin, the founding chief executive of GCHQ’s National Cyber Security Centre (NCSC), said that making payments illegal would help to break the lucrative global hacking business model. Martin said that businesses were helping to fund the organised criminals who locked and stole their data. “At the moment you can pay to make it quietly go away. There’s no legal obligations involved,” he said. “There’s no obligation to report to anybody, there’s no traceability of payment of crypto currency. We have allowed this to spiral in an invisible way.”

https://www.thetimes.co.uk/article/stop-paying-hackers-ransom-demands-ex-gchq-cybersecurity-chief-warns-323fqg8zt

Ransomware’s New Swindle: Triple Extortion

Ransomware attacks are exploding at a staggering rate, and so are the ransoms being demanded. Now experts are warning against a new threat — triple extortion — which means that attackers are expanding out to demand payments from customers, partners and other third parties related to the initial breach to grab even more cash for their crimes. Check Point’s latest ransomware report found that over the past year, ransomware payments have spiked by 171 percent, averaging about $310,000 — and that globally, the number of attacks has surged by 102 percent.

https://threatpost.com/ransomwares-swindle-triple-extortion/166149/

‘It’s A Battle, It’s Warfare’: Experts Seek To Defeat Ransomware Attackers

Cyber security experts like to joke that the hackers who have turned ransomware attacks into a multibillion-dollar industry are often more professional than even their biggest victims. Ransomware attacks — when cyber attackers lock up their target’s computer systems or data until a ransom is paid — returned to the spotlight this week after attacks hit one of the biggest petroleum pipelines in the US, Toshiba’s European business, and Ireland’s health service. While governments have pledged to tackle the problem, experts said the criminal gangs have become more enterprising and continue to have the upper hand. For businesses, they said, there is more pain to come. “This is probably the biggest conundrum in security because companies have to decide how far they participate in this cat-and-mouse game,” said Myrna Soto, former chief strategy and trust officer at Forcepoint and current board member of gas and electricity group Consumers Energy. “It’s a battle, it’s warfare, to be honest.”

https://www.ft.com/content/b48a2d70-4a8c-4407-83a2-59cd055068f8

Colonial Pipeline Boss Confirms $4.4M Ransom Payment

Its boss told the Wall Street Journal he authorised the payment on 7 May because of uncertainty over how long the shutdown would continue. "I know that's a highly controversial decision," Joseph Blount said in his first interview since the hack. The 5,500-mile (8,900-km) pipeline carries 2.5 million barrels a day. According to the firm, it carries 45% of the East Coast's supply of diesel, petrol and jet fuel. Chief executive Mr Blount told the newspaper that the firm decided to pay the ransom after discussions with experts who had previously dealt with DarkSide, the criminal organisation behind the attack.

https://www.bbc.co.uk/news/business-57178503

10 Emerging Cyber Security Trends To Watch In 2021

A flurry of new threats, technologies and business models have emerged in the cyber security space as the world shifted to a remote work model in response to the COVID-19 pandemic. The lack of a network perimeter in this new world accelerated the adoption of SASE (secure access service edge), zero trust and XDR (extended detection and response) to ensure remote users and their data are protected. Adversaries have taken advantage of the complexity introduced by newly remote workforces to falsely impersonate legitimate users through credential theft and have upped the ante by targeting customers in the victim’s supply chain. The ability to monetize ransomware attacks by threatening to publicly leak victim data has made it more lucrative, while employers continue to fend off insiders with an agenda.

https://www.crn.com/news/security/10-emerging-cybersecurity-trends-to-watch-in-2021

How Penetration Testing Can Promote A False Sense Of Security

Rob Gurzeev is concerned about blind spots—past and present. In his DarkReading article Defending the Castle: How World History Can Teach Cyber security a Lesson, Gurzeev mentioned, "Military battles bring direct lessons and, I find, often serve as a reminder that attack surface blind spots have been an Achilles' heel for defenders for a long time." "Cyber security attackers follow this same principle today," wrote Gurzeev. "Companies typically have a sizable number of IT assets within their external attack surface they neither monitor nor defend and probably do not know about in the first place."

https://www.techrepublic.com/article/how-penetration-testing-can-promote-a-false-sense-of-security/

Ransomware Attacks Are Only Getting Worse, Darkside Group "Quits," But That May Just Be A Strategy

Earlier this month, a hacker group named DarkSide launched a ransomware attack against the business network of the Colonial Pipeline, forcing the company to shut down the 5,500-mile main pipeline and leading to fuel shortages in 17 states and Washington DC last week. According to a Bloomberg report, Colonial paid 75 Bitcoin (around $5 million on the day of the transaction) in ransom to the Eastern European hackers, but officially the company has maintained a different narrative of not having any intention of paying the extortion fee in crypto currency, as the DarkSide group had demanded. However, the Georgia-based company is said to have made the payment within hours of the attack, possibly using a cyber insurance policy to cover it.

https://www.techspot.com/news/89689-ransomware-attacks-only-getting-worse-darkside-group-quits.html

Learning From Cyber Attacks Could Be The Key To Stopping Them

Organisations should use major cyber incidents as a way to think through the core of their security strategies in order to prevent or recover better from similar attacks. "A significant cyber incident is really an opportunity; because it's an opportunity to focus on the core issues that led to these cyber incidents," said Anne Neuberger, deputy national security advisor for cyber and emerging technology at the White House, speaking at the UK National Cyber Security Centre's (NCSC) CYBERUK 21 virtual conference. Neuberger said that whether it's something like the SolarWinds sophisticated supply chain attack or the Colonial Pipeline ransomware incident, "we know that vulnerabilities across software and hardware can bring on larger concerns", but that looking at the core issues can help everyone improve their security.

https://www.zdnet.com/article/learning-from-cyber-attacks-could-be-the-key-to-stopping-them/

Microsoft Remote Desktop Protocol (RDP) Allegedly Has An Alarming Active Vulnerability

The Remote Desktop Protocol (RDP) is an incredibly useful feature used by likely millions of people every day. Considering it is free and preinstalled from Microsoft, it beats out most other Windows-based remote desktop software with ease. This, however, does not give it a free pass from having flaws; however, as a security researcher has discovered his password in cleartext within the RDP service’s memory. Researcher Jonas Lykkegård of the Secret Club, a group of hackers, seems to stumble across interesting things from time to time. He recently posted to Twitter about finding a password in cleartext in memory after using the RDP service. It seems he could not believe what he had found, as he tested it again and produced the same results using a new local account.

https://hothardware.com/news/remote-desktop-protocol-storing-passwords-in-cleartext-in-accessible-memory

Amazon’s Ring Is The Largest Civilian Surveillance Network The US Has Ever Seen

In a 2020 letter to management, Max Eliaser, an Amazon software engineer, said Ring is “simply not compatible with a free society”. We should take his claim seriously. Ring video doorbells, Amazon’s signature home security product, pose a serious threat to a free and democratic society. Not only is Ring’s surveillance network spreading rapidly, it is extending the reach of law enforcement into private property and expanding the surveillance of everyday life. What’s more, once Ring users agree to release video content to law enforcement, there is no way to revoke access and few limitations on how that content can be used, stored, and with whom it can be shared.

https://www.theguardian.com/commentisfree/2021/may/18/amazon-ring-largest-civilian-surveillance-network-us

Ransomware Attacks Are Spiking. Is Your Company Prepared?

With the migration to remote work over the last year, cyber attacks have increased exponentially. We saw more attacks of every kind, but the headline for 2020 was ransom attacks, which were up 150% over the previous year. The amount paid by victims of these attacks increased more than 300% in 2020. Already 2021 has seen a dramatic increase in this activity, with high-profile ransom attacks against critical infrastructure, private companies, and municipalities grabbing headlines on a daily basis. The amount of ransom demanded also has significantly increased this year, with some demands reaching tens of millions of dollars. And the attacks have become more sophisticated, with threat actors seizing sensitive company data and holding it hostage for payment.

https://hbr.org/2021/05/ransomware-attacks-are-spiking-is-your-company-prepared


Threats

Ransomware

Phishing

Other Social Engineering

Malware

Mobile

IoT

Vulnerabilities

Cryptocurrency

Supply Chain

Nation State Actors

Denial of Service

Cloud

Governance, Risk and Compliance

Reports Published in the Last Week

Other News


As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our weekly ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 14 May 2021

Black Arrow Cyber Threat Briefing 14 May 2021: Two Thirds Of CISOs Expect Damaging Cyber Attack In Next 12 Months; Ransomware - Don't Pay, It Just Shows Cyber Criminals That Attacks Work; Most Significant Cyber Attacks 2006-2020; The Shape Of Fraud And Cyber Crime, 10 Things We Learned From 2020; US Pipeline Ransomware Serves As Warning To Persistent Corporate Inertia Over Security; Ransomware Attackers Now Using Triple Extortion Tactics; AXA Pledges To Stop Reimbursing French Ransomware Victims; Cyber Experts Warn Over Online Wine Scams

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.



Top Cyber Stories of the Last Week

Two Thirds Of CISOs Across World Expect Damaging Cyber Attack In Next 12 Months

More than 1,000 CISOs around the world have expressed concerns about the security ramifications of the massive shift to remote work since the beginning of the pandemic. One hundred CISOs from the US, Canada, the UK, France, Germany, Italy, Spain, Sweden, the Netherlands, UAE, Saudi Arabia, Australia, Japan, and Singapore were interviewed for the report, with many highlighting significant problems in the current cyber security landscape.

https://www.zdnet.com/article/two-thirds-of-cisos-across-world-expect-damaging-cyberattack-in-next-12-months/

Ransomware: Don't Pay Up, It Just Shows Cyber Criminals That Attacks Work, Warns Home Secretary

For victims of ransomware attacks, paying the ransom does not guarantee that their network will be restored – and handing money to criminals only encourages them to try their luck infecting more companies with the file-encrypting malware. The impact of ransomware attacks continues to rise as cyber criminals encrypt networks, while also blackmailing victims with the prospect of stolen data being published, to generate as much money as possible from extortion.

https://www.zdnet.com/article/ransomware-dont-pay-the-ransom-it-just-encourage-cyber-criminals-that-attacks-work-warns-home-secretary/

The Most Significant Cyber Attacks From 2006-2020, By Country

Committing a cyber crime can have serious consequences. In the US, a cyber criminal can receive up to 20 years in prison for hacking into a government institution if it compromises national security. Yet, despite the consequences, cyber criminals continue to wreak havoc across the globe. But some countries seem to be targeted more than others. Using data from SpecOps Software, this graphic looks at the countries that have experienced the most significant cyber attacks over the last two decades.

https://www.visualcapitalist.com/cyber-attacks-worldwide-2006-2020/

The Shape Of Fraud And Cyber Crime: 10 Things We Learned From 2020

While it remains true that the older you are, the greater the financial loss, why would fraudsters target the young, who are arguably less well off? The answer lies in volume. Criminals have been offsetting higher monetary gain for higher attack rates, capitalising on the fact that the young are perhaps both more liberal with personal information (and privacy in general) and, at the same time, heavy digital users (social media, surveys, games, and so on). In fact, it is scary to see how much value the humble email address can have for criminals. We often forget that once obtained, it can be used further down the line to commit more fraud.

https://www.computerweekly.com/opinion/The-shape-of-fraud-and-cyber-crime-10-things-we-learned-from-2020

Is Third-Party Software Leaving You Vulnerable To Cyber Attacks?

When companies buy digital products, they expect them to be secure. In most cases, they do not test for vulnerabilities down the digital supply chain — and do not even have adequate processes or tools to do so. Hackers have taken note, and incidents of supply chain cyber attacks, which exploit weaknesses within the digital supply chain to break into organisations’ internal networks, are on the rise. As a result, there have been many headline incidents that not only bring shame to the companies involved, but rachet up the visibility of these threats to top executives who want to know their offerings are secure.

https://hbr.org/2021/05/is-third-party-software-leaving-you-vulnerable-to-cyberattacks

US Pipeline Ransomware Attack Serves As Fair Warning To Persistent Corporate Inertia Over Security

Organisations that continue to disregard the need to ensure they have adopted basic cyber security hygiene practices should be taken to task. This will be critical, especially as cyber criminals turn their attention to sectors where cyber threats can result in real-world risks, as demonstrated in the US Colonial Pipeline attack. In many of my conversations with cyber security experts, there is a shared sense of frustration that businesses still are failing to get some of the most basic things right. Default passwords are left unchanged, frontline staff and employees are still falling for common scams and phishing attacks, and major businesses think nothing of using technology that are decades old.

https://www.zdnet.com/article/us-pipeline-ransomware-attack-serves-as-fair-warning-to-persistent-corporate-inertia-over-security/

Ransomware Attackers Are Now Using Triple Extortion Tactics

The number of organisations affected by ransomware so far this year has more than doubled, compared with the same period in 2020, according to the report. Since April, Check Point researchers have observed an average of 1,000 organisations impacted by ransomware every week. For all of 2020, ransomware cost businesses worldwide around $20 billion, more than 75% higher than the amount in 2019. The healthcare sector has been seeing the highest volume of ransomware with around 109 attacks per organization each week. Amid news of a ransomware attack against gas pipeline company Colonial Pipeline, the utilities sector has experienced 59 attacks per organization per week. Organisations in the insurance and legal sector have been affected by 34 such attacks each week.

https://www.techrepublic.com/article/ransomware-attackers-are-now-using-triple-extortion-tactics/

AXA Pledges To Stop Reimbursing Ransom Payments For French Ransomware Victims

Insurance company AXA has revealed that, at the request of French government officials, it will end cyber insurance policies in France that pay ransomware victims back for ransoms paid out to cyber criminals. While unconfirmed, the Associated Press reported that the move was an industry first. AXA is one of the five biggest insurers in Europe and made the decision as ransomware attacks become a daily occurrence for organisations across the world.

https://www.zdnet.com/article/axa-pledges-to-stop-reimbursing-ransom-payments-for-french-ransomware-victims/

The Dystopic Future Of Cyber Security And The Importance Of Empowering CISOs

Over a decade ago, in 2007, the first iPhone was released and with it emerged an ecosystem of apps that continues to expand to this day. This was a watershed moment, not solely for the technology industry, but civilization. It was a catalyst for what was to come. Suddenly, every consumer could access the internet at a touch of a button, and the accumulation of their data by private companies began en masse. It was at this point that data was established as an increasingly valuable commodity, and in turn, became a heightened exploitation risk. It also instigated a wave of innovation that has yet to break and is only growing rapidly in pace. In this state, technology providers, users, and manufacturers get excited about new functionalities, new features, new developments, while little thought is given to the negative consequences that could arise as a result. Indeed, fear has no place in the state of innovation as it is this primal thinking that inhibits creativity.

https://www.infosecurity-magazine.com/blogs/the-dystopic-future-of/

Cyber Security Experts Warn Over Online Wine Scams

Online wine scams became a bigger threat as cyber criminals sought to take advantage of more people and businesses organising virtual drinks and ordering bottles on the internet in the wake of Covid-19 restrictions, suggests the report. So-called ‘phishing emails’ were a particular concern, according to findings published in April by US-based group Recorded Future in partnership with Area 1 Security. From January 2020 onwards, the authors found a significant rise in legitimate wine-themed web domain registrations using terms like Merlot, Pinot, Chardonnay or Vino.

https://www.decanter.com/wine-news/cyber-security-experts-warn-over-online-wine-scams-457647/


Threats

Ransomware

BEC

Phishing

Other Social Engineering

Malware

Mobile

IOT

Vulnerabilities

Data Breaches

Organised Crime & Criminal Actors

Supply Chain

Nation State Actors

Privacy




As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our weekly ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Read More
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Black Arrow Cyber Threat Briefing 23 April 2021

Black Arrow Cyber Threat Briefing 23 April 2021: Cyber Attacks Rise For Businesses, Pushing Many To The Brink; MI5 Warns Of Spies Using LinkedIn To Trick Staff; Sonicwall Warns Customers To Patch 3 Zero-Days Exploited In The Wild; FBI Removed Backdoors From Vulnerable Exchange Servers, Not Everyone Likes The Idea; Pulse Secure VPN Zero-Day Used To Hack Defense Firms & Govt Orgs; Solarwinds Hack Could Cost Insurance Firms $90M; Mount Locker Ransomware Aggressively Changes Up Tactics; QR Codes Offer Easy Cyber Attack Avenues as Usage Spikes

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.



Top Cyber Stories of the Last Week

Cyber Attacks On The Rise For Businesses, Pushing Many To The Brink

The proportion of businesses targeted by cyber criminals in the past year increased from 38% to 43%, with over a quarter of those targeted (28%) experiencing five attacks or more. Those attacks are pushing many firms to the brink, with one in six businesses attacked (17%) saying the financial impact materially threatened the company’s future. On a more positive note, the report shows firms are responding to the cyber challenge: mean spending per business on cyber security has more than doubled in the last two years.

https://www.insurancejournal.com/news/international/2021/04/19/610514.htm

MI5 Warns Of Spies Using Linkedin To Trick Staff Into Spilling Secrets

At least 10,000 UK nationals have been approached by fake profiles linked to hostile states, on the professional social network LinkedIn, over the past five years, according to MI5. It warned users who had accepted such connection requests might have then been lured into sharing secrets. A campaign has been launched to educate government workers about the threat. The 10,000-plus figure includes staff in virtually every government departments as well as key industries, who might be offered speaking or business and travel opportunities that could lead to attempts to recruit them to provide confidential information.

https://www.bbc.co.uk/news/technology-56812746

SonicWall Warns Customers To Patch 3 Zero-Days Exploited In The Wild

Security hardware manufacturer SonicWall is urging customers to patch a set of three zero-day vulnerabilities affecting both its on-premises and hosted Email Security products. "In at least one known case, these vulnerabilities have been observed to be exploited 'in the wild,'" SonicWall said in a security advisory published earlier today. The company said it is "imperative" that organisations using its Email Security hardware appliances, virtual appliances, or software installations on Microsoft Windows Server machines immediately upgrade to a patched version.

https://www.bleepingcomputer.com/news/security/sonicwall-warns-customers-to-patch-3-zero-days-exploited-in-the-wild/

The FBI Removed Hacker Backdoors From Vulnerable Microsoft Exchange Servers. Not Everyone Likes The Idea

The FBI had worked to remove malicious web shells from hundreds of computers in the United States that were running vulnerable versions of Microsoft Exchange Server. While the move will have helped keep many organisations secure, it has also raised questions about the direction of cyber security. Earlier this year, four zero-day vulnerabilities in Microsoft Exchange Server, which were being actively exploited by a nation-state-backed hacking operation, were uncovered. Microsoft released a critical security update to protect Exchange Server customers from cyber attacks exploiting the vulnerabilities in March, but a significant number of organisations have yet to apply the security patch.

https://www.zdnet.com/article/the-fbi-removed-hacker-backdoors-from-vulnerable-microsoft-exchange-servers-not-everyone-likes-the-idea/

Pulse Secure VPN Zero-Day Used To Hack Defense Firms, Govt Organisations

A zero-day authentication bypass vulnerability in the Pulse Connect Secure (PCS) SSL VPN appliance actively exploited in attacks against worldwide organisations and focused on US Defence Industrial base networks. As a workaround, the vulnerability can be mitigated on some gateways by disabling Windows File Share Browser and Pulse Secure Collaboration features using instructions available in the security advisory published earlier today.

https://www.bleepingcomputer.com/news/security/pulse-secure-vpn-zero-day-used-to-hack-defense-firms-govt-orgs/

SolarWinds Hack Could Cost Cyber Insurance Firms $90 Million

Cyber insurance vendors are expected to spend $90 million on incident response and forensic services for clients who were compromised by the SolarWinds hackers. “Although the SolarWinds attack is a cyber catastrophe from a national security perspective, insurers may have narrowly avoided a catastrophic financial incident to their businesses,” The Russian hackers behind the SolarWinds attack appear to have avoided large scale exploitation of victims, instead opting to maintain access and collect sensitive data. But if the SolarWinds hackers had been focused on interrupting business and destroying networks, the campaign could have been catastrophic for insurers.

https://www.crn.com/news/security/solarwinds-hack-could-cost-cyber-insurance-firms-90-million

Mount Locker Ransomware Aggressively Changes Up Tactics

The Mount Locker ransomware has shaken things up in recent campaigns with more sophisticated scripting and anti-prevention features, according to researchers. And, the change in tactics appears to coincide with a rebranding for the malware into “AstroLocker.” According to researchers, Mount Locker has been a swiftly moving threat. Having just hit the ransomware-as-a-service scene in the second half of 2020, the group released a major update in November that broadened its targeting capabilities (including searching for file extensions utilized by TurboTax tax-return software to encrypt). It also added improved detection evasion. Attacks have continued to escalate, and now, another major update signals “an aggressive shift in Mount Locker’s tactics,”.

https://threatpost.com/mount-locker-ransomware-changes-tactics/165559/

QR Codes Offer Easy Cyber Attack Avenues as Usage Spikes

The use of mobile quick-response (QR) codes in daily life, for both work and personal use, continues to rise – and yet, most people are not aware that these handy mobile shortcuts can open them up to savvy cyber attacks. A survey of 4,157 consumers across China, France, Germany, Japan, the U.K. and the U.S. It found that 57 percent of respondents have increased their QR code usage since mid-March 2020, mainly because of the need for touchless transactions in the wake of COVID-19. In all, three-quarters of respondents (77 percent) said they have scanned a QR code before, with 43 percent having scanned a QR code in the past week.

https://threatpost.com/qr-codes-cyberattack-usage-spikes/165526/

Google Alerts Continues To Be A Hotbed Of Scams And Malware

Google Alerts continues to be a hotbed of scams and malware that threat actors are increasingly abusing to promote malicious websites. While Google Alerts has been abused for a long time, a significant increase in activity over the past couple of weeks. People use Google Alerts to monitor for various terms related to cyber attacks, security incidents, malware, etc. In one Google Alert, almost every new article shared with people today by the service led to a scam or malicious website.

https://www.bleepingcomputer.com/news/security/google-alerts-continues-to-be-a-hotbed-of-scams-and-malware/


Threats

Ransomware

Phishing

Malware

IOT

Vulnerabilities

Data Breaches

Organised Crime & Criminal Actors

Cryptocurrency

Supply Chain

Nation State Actors

Denial of Service

Other News


As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our weekly ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 16 April 2021

Black Arrow Cyber Threat Briefing 16 April 2021: 61% Of Employees Fail Basic Cyber Security Quiz; More Than 1,900 Hacking Groups Active Today; Ransomware Crisis Worsens; Enterprise Security Attackers Are One Password Away From Your Worst Day; Microsoft’s April Update Patches 114 Bugs; Nation-State Attacks Targeting Businesses Rise; Criminals Installing Cryptojacking Malware On Unpatched Exchange Servers; Network Vulns Affect Over 100 Million Devices; Brits Still Confused By Multi-Factor Authentication

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.



Top Cyber Stories of the Last Week

61 Percent Of Employees Fail Basic Cyber Security Quiz

Nearly 70% of employees polled in a new survey said they recently received cyber security training from their employers, yet 61% nevertheless failed when asked to take a basic quiz on the topic. This was one of the leading findings of a research study that sought to understand the cyber security habits of some 1,200 workers, as well as their knowledge of best practices and ability to recognize security threats.

https://www.scmagazine.com/home/security-news/61-percent-of-employees-fail-basic-cybersecurity-quiz/

More Than 1,900 Distinct Hacking Groups Are Active Today

There are currently more than 1,900 distinct hacking groups that are active today, a number that grew from 1,800 groups recorded at the end of 2019. In its yearly cyber crime report, the company said it discovered 650 new threat actors during 2020, but new evidence also allowed it to remove 500 groups from its threat actor tracker due to overlaps in activity and hacking infrastructure with previously known clusters.

https://therecord.media/fireeye-more-than-1900-distinct-hacking-groups-are-active-today/

Ransomware: The Internet's Biggest Security Crisis Is Getting Worse

Organisations continue to fall victim to ransomware, and yet progress on tackling these attacks, which now constitute one of the biggest security problems on the internet, remains slow. From small companies to councils, government agencies and big business, the number and range of organisations hit by ransomware is rising. One recent example; schools with 36,000 students have been hit, leaving pupils without access to email as attempts were made to get systems back online. That is at least four chains of schools attacked in the last month.

https://www.zdnet.com/article/ransomware-the-internets-biggest-security-crisis-is-getting-worse-we-need-a-way-out/?&web_view=true

Enterprise Security Attackers Are One Password Away From Your Worst Day

If the definition of insanity is doing the same thing over and over and expecting a different outcome, then one might say the cyber security industry is insane.

Criminals continue to innovate with highly sophisticated attack methods, but many security organisations still use the same technological approaches they did 10 years ago. The world has changed, but cyber security hasn’t kept pace.

Distributed systems, with people and data everywhere, mean the perimeter has disappeared. And the hackers couldn’t be more excited. The same technology approaches, like correlation rules, manual processes and reviewing alerts in isolation, do little more than remedy symptoms while hardly addressing the underlying problem.

Credentials are supposed to be the front gates of the castle, but as the SOC is failing to change, it is failing to detect. The cyber security industry must rethink its strategy to analyse how credentials are used and stop breaches before they become bigger problems.

https://techcrunch.com/2021/04/16/enterprise-security-attackers-are-one-password-away-from-your-worst-day/

Microsoft’s April Update Patches 114 Bugs—Half Of Which Allow Remote Code Execution

The fourth Patch Tuesday of 2021 is another big one. Today, Microsoft revealed 114 vulnerabilities fixed in the monthly security, over half of which could potentially be exploited for remote code execution by attackers. Of the 55 remote execution bugs, over half were tied to Windows’ Remote Procedure Call (RPC) interface. Four more were Microsoft Exchange bugs (all urgent fixes) reported to Microsoft by the National Security Agency. In addition, six Chrome vulnerabilities that were previously addressed by Google are included in the roll-up.

https://news.sophos.com/en-us/2021/04/13/microsofts-april-update-patches-114-bugs-more-than-half-of-which-allow-remote-code-execution/

Nation-State Cyber Attacks Targeting Businesses Are On The Rise

Businesses are increasingly coming under fire from nation state-backed hackers as governments around the world engage in attacks to steal secrets or lay the foundations for future attacks. Nation States, Cyberconflict and the Web of Profit, a study by cyber security researchers at HP and criminologists at the University of Surrey, warns that the number of key nation-state attacks has risen significantly over the past three years – and that enterprises and businesses are increasingly being targeted. An analysis of nation-state cyber attacks between 2017 and 2020 reveals that just over a third of organisations targeted were businesses: cyber defence, media, government, and critical infrastructure are all also common targets in these attacks, but enterprise has risen to the top of the list.

https://www.zdnet.com/article/nation-state-cyber-attacks-targeting-businesses-are-on-the-rise/

Cyber Criminals Are Installing Cryptojacking Malware On Unpatched Microsoft Exchange Servers

Cyber criminals are targeting vulnerable Microsoft Exchange servers with cryptocurrency mining malware in a campaign designed to secretly use the processing power of compromised systems to make money. Zero-day vulnerabilities in Microsoft Exchange Server were detailed last month when Microsoft released critical security updates to prevent the exploitation of vulnerable systems. Cyber attackers ranging from nation-state-linked hacking groups to ransomware gangs have rushed to take advantage of unpatched Exchange servers -- but they are not the only ones.

https://www.zdnet.com/article/free-money-cyber-criminals-are-installing-cryptojacking-malware-on-unpatched-microsoft-exchange-servers/

NAME:WRECK DNS Vulnerabilities Affect Over 100 Million Devices

Security researchers have disclosed nine vulnerabilities affecting network communication stacks running on at least 100 million devices. Collectively referred to as NAME: WRECK, the flaws could be leveraged to take offline affected devices or to gain control over them. The vulnerabilities were found in a wide range of products, from high-performance servers and networking equipment to operational technology (OT) systems that monitor and control industrial equipment. According to researchers threat actors could exploit NAME:WRECK vulnerabilities to deal significant damage to government or enterprise servers, healthcare facilities, retailers, or companies in the manufacturing business by stealing sensitive data, modifying or taking equipment offline for sabotage purposes.

https://www.bleepingcomputer.com/news/security/name-wreck-dns-vulnerabilities-affect-over-100-million-devices/

Brits Still Confused By Multi-Factor Authentication

The British public are still woefully underinformed and unaware of the security benefits of multi-factor authentication (MFA). The industry association, founded in 2012 to promote authentication standards and reduce global reliance on passwords, recently polled over 4000 consumers in the UK, France, Germany, and the US. It revealed that half (49%) UK consumers have had their social media accounts compromised or know a friend or family member who has. However, despite a continued number of high-profile account takeovers, 43% said this does not make them enhance security on their accounts, even though they “feel like” they should. Part of the problem seems to be a general lack of understanding about the benefits of MFA in protecting account holders from phishing, as well as credential stuffing and other brute force attack types. Although such features are offered by all social media companies today, over a quarter (26%) of respondents said they were not using or didn’t know about them.

https://www.infosecurity-magazine.com/news/brits-still-confused-by/

623K Payment Cards Stolen From Cyber Crime Forum

The Swarmshop cyber underground “card shop” has been hit by hackers, who lifted the site’s database of stolen payment-card data and leaked it online. That is according to researchers, who said that the database was posted on a rival underground forum. Card shops, are online cyber criminal forums where stolen payment-card data is bought and sold. Researchers said the database in question contains 623,036 payment-card records from card-issuers in Brazil, Canada, China, France, Mexico, Saudi Arabia, Singapore, the U.K., and the U.S.

https://threatpost.com/623m-payment-cards-stolen-from-cybercrime-forum/165336/


Threats

Ransomware

Phishing

Other Social Engineering

Malware

Mobile

Vulnerabilities

Data Breaches

Organised Crime & Criminal Actors

Nation State Actors

Privacy




As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our weekly ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 26 February 2021

Black Arrow Cyber Threat Briefing 26 February 2021: Cyber Crime Could Cost The World $10.5 Trillion Annually By 2025; 119,000 Threats Per Minute Detected In 2020; 78% Of Top Security Leaders Say Their Organisations Are Unprepared For A Cyber Attack; Uk Faced Millions Of Cyber Attacks Last Year; New Tier Of APT Actors That Behave More Like Cyber Criminals; US Calls North Korean Hackers ‘World’s Leading Bank Robbers’; Sequoia Capital, One Of Silicon Valley's Most Notable VC Firms, Told Investors It Was Hacked; Poor Hardware Disposal Practices Posing A Risk To Data Security

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities and cyber related news from the last week.



Top Cyber Stories of the Last Week

Cyber Crime Could Cost The World $10.5 Trillion Annually By 2025

In a world that is becoming increasingly reliant on technology, cyber security is an extremely important priority for entrepreneurs and small and medium-sized businesses. And it's become even more essential in the wake of the pandemic. In June 2020, a report revealed that small and medium-sized businesses were at an especially high risk of data breaches and cyber attacks during the pandemic.

https://www.entrepreneur.com/article/364015

119,000 Threats Per Minute Detected In 2020

The number of cyber-threats identified and blocked by Trend Micro rose by 20% in 2020 to more than 62.6 billion. Averaging out at 119,000 cyber-threats per minute, the huge figure was included in the company's annual roundup, Email-borne threats such as phishing attacks accounted for 91% of the 62.6 billion threats blocked by Trend Micro last year. Nearly 14 million unique phishing URLs were detected by the company in 2020, with home networks a primary target.

https://www.infosecurity-magazine.com/news/119k-threats-per-minute-detected/

78% Of Top Security Leaders Say Their Organisations Are Unprepared For A Cyber Attack

Seventy-eight percent of senior IT and security leaders believe their organizations lack sufficient protection against cyber attacks. The high level of concern expressed by these leaders resulted in 91% of organizations increasing their cyber security budgets in 2021 — a figure that nearly matches the 96% that boosted IT security spending in 2020.

https://www.scmagazine.com/home/security-news/network-security/78-percent-of-top-security-leaders-say-their-organizations-are-unprepared-for-a-cyberattack/

UK Faced Millions Of Cyber Attacks Last Year

The UK faced millions of Covid-19-related cyber security threats last year, but generally managed to mitigate attacks effectively. A total of 16.4 million Covid-19-related threats were recorded last year, with four percent (563,571) identified in the UK. The US suffered the highest volume of attacks by a significant margin: more than 6.5 million. Germany was second with 2.3 million, and France rounded out the top three with just over one million attacks.

https://www.itproportal.com/news/uk-faced-millions-of-cyberattacks-last-year/

New Malformed URL Phishing Technique Can Make Attacks Harder To Spot

Warning of a new form of phishing attack that makes malicious messages more likely to get through filters and harder for the average person to detect by sight. By hiding phishing information in the prefixes of URLs, attackers can send what looks like a link to a legitimate website, free of misspellings and all, with a malicious address hidden in the prefix of the link.

https://www.techrepublic.com/article/new-malformed-url-phishing-technique-can-make-attacks-harder-to-spot/

Hackers Share Details Of Canadian Military Spy Plane On Dark Web

Hackers have shared details of a Canadian military spy plane after its manufacturers seemingly refused to pay a cyber ransom. Aerospace firm Bombardier, whose Global 6000 plane is used for Saab’s GlobalEye spy system, says it was the victim of a “limited cyber security breach.” That saw detailed plans of the airborne early warning system developed by the Swedish defence company Saab being dumped on the dark web site CLOP^_-LEAKS.

https://www.independent.co.uk/news/world/americas/hackers-spy-plane-bombardier-saab-b1807037.html

Cisco Points To New Tier Of APT Actors That Behave More Like Cyber Criminals

Cisco Talos suggests that maybe it is time to start thinking of hacker groups as more than either advanced persistent threat or criminal attackers. It is already well established that some APTs operate as criminals. Several international governments, including the United States, have identified North Korean state-sponsored hackers as stealing on behalf of the government, and other groups have been identified by vendors as state-sponsored groups with actors who occasionally freelance as criminals.

https://www.scmagazine.com/home/security-news/apts-cyberespionage/cisco-points-to-new-tier-of-apt-actors-that-behave-more-like-cybercriminals/

These Hackers Sell Network Logins To The Highest Bidder. And Ransomware Gangs Are Buying

A growing class of cyber criminals are playing an important role on underground marketplaces by breaching corporate networks and selling access to the highest bidder to exploit however they please. The buying and selling of stolen login credentials and other forms of remote access to networks has long been a part of the dark web ecosystem, but according to analysis by cyber security researchers, there has been a notable increase in listings by 'Initial Access Brokers' over the course of the past year.

https://www.zdnet.com/article/these-hackers-sell-network-logins-to-the-highest-bidder-and-ransomware-gangs-are-buying/

U.S. Calls North Korean Hackers ‘World’s Leading Bank Robbers’

North Korea was accused of being behind the 2014 hack of an internal computer network of Sony Pictures Entertainment Inc., an audacious attack that exposed Hollywood secrets and destroyed company data.

https://www.bloomberg.com/news/articles/2021-02-17/u-s-charges-3-north-koreans-linked-to-sony-hack-in-new-scheme

Sequoia Capital, One Of Silicon Valley's Most Notable VC Firms, Told Investors It Was Hacked

One of Silicon Valley's oldest and most venerable VC firms was hacked. Sequoia Capital told its investors on Friday that some personal and financial information may have been accessed by a third party after one of its employees fell victim to a successful. Phishing attack, according to a report in Axios Friday. Sequoia told investors that it has not yet seen any indication that compromised information is being traded or otherwise exploited on the dark web, Axios reported.

https://www.businessinsider.com/vc-firm-sequoia-capital-told-investors-it-was-hacked-2021-2?utmSource=twitter&utmContent=referral&utmTerm=topbar&referrer=twitter

Poor Hardware Disposal Practices Posing A Risk To Data Security

Many business leaders are not paying much attention to the way they dispose of old and obsolete hardware, opening their organizations up to possible data breaches. Of the 1,029 people polled for the report, a fifth said their employer disposed of various IT hardware over the last 12 months. However, less than half (40 percent) thought this hardware did not contain confidential data when it was disposed of.

https://www.itproportal.com/news/poor-hardware-disposal-pratice-posing-a-risk-to-data-security/


Threats

Ransomware

Phishing

Malware

Mobile

Vulnerabilities

Organised Crime

Dark Web

OT, ICS, IIoT and SCADA

Nation-State Actors

Denial of Service

Privacy


Reports Published in the Last Week



As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our weekly ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 29 January 2021

Black Arrow Cyber Threat Briefing 29 January 2021: Phishing Attacks Show High-Ranking Execs ‘Most Valuable Asset’ and ‘Greatest Vulnerability’; Paying Ransomware Funding Organised Crime; Police take down botnet that hacked millions of computers; After SolarWinds Hack, Who Knows What Cyber Dangers We Face; Russian businesses warned of retaliatory cyber attacks; iOS vulns actively exploited; Top Cyber Attacks of 2020

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities and cyber related news from the last week.

Top Cyber Headlines of the Week

Phishing Attacks Show High-Ranking Execs May Be ‘Most Valuable Asset,’ and ‘Greatest Vulnerability’

Cyber criminals have been using a phishing kit featuring fake Office 365 password alerts as a lure to target the credentials of chief executives, business owners and other high-level corporate leaders. The scheme highlights the role and responsibility upper management plays in ensuring the security of their own company’s assets.

https://www.scmagazine.com/home/security-news/phishing/phishing-scheme-shows-ceos-may-be-most-valuable-asset-and-greatest-vulnerability/

Insurers 'Funding Organised Crime' by Paying Ransomware Claims

Insurers are inadvertently funding organised crime by paying out claims from companies who have paid ransoms to regain access to data and systems after a hacking attack, Britain’s former top cybersecurity official has warned.

https://www.theguardian.com/technology/2021/jan/24/insurers-funding-organised-by-paying-ransomware-claims

Emotet: Police raids take down botnet that hacked 'millions of computers worldwide'

Emotet, one of the world's most dangerous cyber crime services, has been taken down following one of the largest ever internationally-coordinated actions against cyber criminals. Although it began as banking malware designed to steal financial credentials, Emotet had become an infrastructure tool leased out to cyber criminals to break into victim computer networks and install additional malicious software.

https://news.sky.com/story/emotet-police-raids-take-down-botnet-that-hacked-millions-of-computers-worldwide-12200460

After the SolarWinds Hack, We Have No Idea What Cyber Dangers We Face

Months before insurgents breached the Capitol and rampaged through the halls of Congress, a stealthier invader was muscling its way into the computers of government officials, stealing documents, monitoring e-mails, and setting traps for future incursions. Last March, a hacking team, believed to be affiliated with Russian intelligence, planted malware in a routine software upgrade from a Texas-based I.T. company called SolarWinds, which provides network-management systems to more than three hundred thousand clients.

https://www.newyorker.com/news/daily-comment/after-the-solarwinds-hack-we-have-no-idea-what-cyber-dangers-we-face

FSB warns Russian businesses of cyber attacks as retaliation for SolarWinds hack

Russian authorities are alerting Russian organizations of potential cyberattacks launched by the United States in response to SolarWinds attack. The Russian intelligence agency FSB has issued a security alert this week warning Russian organizations of potential cyberattacks launched by the United States in response to the SolarWinds supply chain attack.

https://securityaffairs.co/wordpress/113752/cyber-warfare-2/fsb-fears-retaliation-solarwinds-hack.html

Update your iPhone — Apple just disclosed hackers may have 'actively exploited' a vulnerability in its iOS

On Tuesday released a new iOS software update that includes fixes for three security weaknesses in the former version.  Its support website that it is aware of the three security bugs and that they "may have been actively exploited. “Also, it does not disclose details regarding security issues "until an investigation has occurred."

https://www.businessinsider.com/apple-ios-14-update-hackers-security-bugs-iphone-software-2021-1?utmSource=twitter&utmContent=referral&utmTerm=topbar&referrer=twitter

Top Cyber Attacks of 2020

"Zoombomb" became the new photobomb—hackers would gain access to a private meeting or online class hosted on Zoom and shout profanities and racial slurs or flash pornographic images. Nation-state hacker groups mounted attacks against organisations involved in the coronavirus pandemic response, including the World Health Organization and Centres for Disease Control and Prevention, some in an attempt to politicize the pandemic.

https://thehackernews.com/2021/01/top-cyber-attacks-of-2020.html


Threats

Ransomware

BEC

Phishing

Other Social Engineering

Malware

Mobile

Vulnerabilities

Data Breaches

Charities

Insider Threats

Nation-State Actors

Denial of Service

Privacy




As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our weekly ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 20 November 2020

Black Arrow Cyber Threat Briefing 20 November 2020

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities and cyber related news from the last week.

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities and cyber related news from the last week.


Top Cyber Headlines of the Week


Cyber crime is 'a constant threat' to SMEs

Criminals are diversifying and growing more dangerous, while SMEs remain complacent and mostly oblivious to the threats.

With a quarter of small and medium-sized enterprises (SME) falling victim to a cyberattack in the last 12 months, the threat towards these organizations is constant. This is according to a new report from Direct Line – Business, which claims that businesses aren't doing all they can to stay safe.

The report states that, if a cyber attack were to occur, many organisations would find themselves in a seriously dangerous position given they hold less than $13,000 in cash reserves. Besides financial damage, many should also expect damaged client and customer relationships due to eroded trust.

With cybercriminals diversifying into different methods of attack, SMEs need to stay vigilant on multiple fronts. Phishing is still the most popular weapon for criminals, the report states, but malware and ransomware, as well as DDoS attacks, are also notable mentions.

https://www.itproportal.com/features/cybercrime-is-a-constant-threat-to-smes/

The most common passwords of 2020 are atrocious

Bottom line: Choosing secure passwords has never been humanity’s strong suit and let’s face it, it’s never going to be. People simply have too many accounts to protect these days, leading to poor practices such as simplifying passwords to make them easier to remember and reusing the same password across multiple accounts.

https://www.techspot.com/news/87657-most-common-passwords-2020-atrocious.html#Share

Why ransomware is still so successful: Over a quarter of victims pay the ransom

Over a quarter of organisations that fall victim to ransomware attacks opt to pay the ransom as they feel as if they have no other option than to give into the demands of cyber criminals – and the average ransom amount is now more than $1 million.

https://www.zdnet.com/article/why-ransomware-is-still-so-successful-over-a-quarter-of-victims-pay-the-ransom/

Cyber crime is maturing. Here are 6 ways organisations can keep up

In 2020, the world has experienced many challenges. Among them, hastened digitalisation has brought new opportunities but also new risks. According to the World Economic Forum Global Risks Report 2020, cyber attacks rank first among global human-caused risks and RiskIQ predicts that by 2021 cyber crime will cost the world $11.4 million each minute.

https://www.weforum.org/agenda/2020/11/how-to-protect-companies-from-cybercrime/

Ransomware-as-a-service: The pandemic within a pandemic

Ransomware is a massive problem. But you already knew that.

Technical novices, along with seasoned cyber security professionals, have witnessed over the past year a slew of ransomware events that have devastated enterprises around the world. Even those outside of cyber security are now familiar with the concept: criminals behind a keyboard have found a way into an organization’s system, prevented anyone from actually using it by locking it up, and won’t let anyone resume normal activity until the organization pays a hefty fee.

https://public.intel471.com/blog/ransomware-as-a-service-2020-ryuk-maze-revil-egregor-doppelpaymer/

CISOs say a distributed workforce has critically increased security concerns

73% of security and IT executives are concerned about new vulnerabilities and risks introduced by the distributed workforce, Skybox Security reveals.

The report also uncovered an alarming disconnect between confidence in security posture and increased cyberattacks during the global pandemic.

https://www.helpnetsecurity.com/2020/11/18/distributed-workforce-security/


Threats


Ransomware

Capcom confirms Ragnar Locker ransomware attack, data exposure

Capcom has confirmed that a recent security incident was due to a Ragnar Locker ransomware infection, potentially leading to the exposure of customer records.

This week, the Japanese gaming giant confirmed that the company had fallen prey to "customized ransomware" which gave attackers unauthorised access to its network -- as well as the data stored on Capcom Group systems.

https://www.zdnet.com/article/capcom-confirms-ransomware-attack-potential-theft-of-customer-employee-data/

Ransomware attack forces web hosting provider Managed.com to take servers offline

One of the biggest providers of managed web hosting solutions, has taken down all its servers in order to deal with a ransomware attack.

The ransomware impacted the company's public facing web hosting systems, resulting in some customer sites having their data encrypted.

The incident only impacted a limited number of customer sites, which the company said it immediately took offline.

https://www.zdnet.com/article/web-hosting-provider-managed-shuts-down-after-ransomware-attack/


Phishing

Office 365 phishing campaign detects sandboxes to evade detection

Microsoft is tracking an ongoing Office 365 phishing campaign that makes use of several methods to evade automated analysis in attacks against enterprise targets.

"We’re tracking an active credential phishing attack targeting enterprises that uses multiple sophisticated methods for defence evasion and social engineering," Microsoft said.

"The campaign uses timely lures relevant to remote work, like password updates, conferencing info, helpdesk tickets, etc."

https://www.bleepingcomputer.com/news/security/office-365-phishing-campaign-detects-sandboxes-to-evade-detection/


Malware

Adult site users targeted with ZLoader malware via fake Java update

A malware campaign ongoing since the beginning of the year has recently changed tactics, switching from exploit kits to social engineering to target adult content consumers.

The operators use an old trick to distribute a variant of ZLoader, a banking trojan that made a comeback earlier this year after an absence of almost two years, now used as an info stealer.

https://www.bleepingcomputer.com/news/security/adult-site-users-targeted-with-zloader-malware-via-fake-java-update/

Lazarus malware strikes South Korean supply chains

Lazarus malware has been tracked in new campaigns against South Korean supply chains, made possible through stolen security certificates.

Cyber security researchers reported the abuse of the certificates, stolen from two separate, legitimate South Korean companies.

https://www.zdnet.com/article/lazarus-malware-strikes-south-korean-supply-chains/

Malware activity spikes 128%, Office document phishing skyrockets

The report demonstrates threat actors becoming even more ruthless. Throughout Q3, hackers shifted focus from home networks to overburdened public entities, including the education sector and the Election Assistance Commission (EAC). Malware campaigns, like Emotet, utilized these events as phishing lure themes to assist in delivery.

https://www.helpnetsecurity.com/2020/11/13/malware-activity-q3-2020/


Cloud

Attackers can abuse a misconfigured IAM role across 16 Amazon services

Researchers at Palo Alto’s Unit 42 have confirmed that they have compromised a customer’s AWS cloud account with thousands of workloads using a misconfigured identity and access management (IAM) role.

https://www.scmagazine.com/home/security-news/cloud-security/attackers-can-abuse-a-misconfigured-iam-role-across-16-aws-services/


Vulnerabilities

More than 245,000 Windows systems still remain vulnerable to BlueKeep RDP bug

A year and a half after Microsoft disclosed the BlueKeep vulnerability impacting the Windows RDP service, more than 245,000 Windows systems still remain unpatched and vulnerable to attacks.

The number represents around 25% of the 950,000 systems that were initially discovered to be vulnerable to BlueKeep attacks during a first scan in May 2019.

https://www.zdnet.com/article/more-than-245000-windows-systems-still-remain-vulnerable-to-bluekeep-rdp-bug/

Windows Kerberos authentication breaks due to security updates

Microsoft is investigating a new known issue causing enterprise domain controllers to experience Kerberos authentication problems after installing security updates released to address CVE-2020-17049 during this month's Patch Tuesday, on November 10.

https://www.bleepingcomputer.com/news/microsoft/windows-kerberos-authentication-breaks-due-to-security-updates/

Cisco Patches Critical Flaw After PoC Exploit Code Release

A critical path-traversal flaw exists in Cisco Security Manager that lays bare sensitive information to remote, unauthenticated attackers.

A day after proof-of-concept (PoC) exploit code was published for a critical flaw in Cisco Security Manager, Cisco has hurried out a patch.

https://threatpost.com/critical-cisco-flaw-sensitive-data/161305/

Widespread Scans Underway for RCE Bugs in WordPress Websites

WordPress websites using buggy Epsilon Framework themes are being hunted by hackers.

Millions of malicious scans are rolling across the internet, looking for known vulnerabilities in the Epsilon Framework for building WordPress themes, according to researchers.

According to the Wordfence Threat Intelligence team, more than 7.5 million probes targeting these vulnerabilities have been observed, against more than 1.5 million WordPress sites, just since Tuesday.

https://threatpost.com/widespread-scans-rce-bugs-wordpress-websites/161374/

Webex fixed some seriously spooky security flaws

Cisco has patched several troubling security vulnerabilities in its Webex video conferencing service.

The flaws in the video conferencing software were flagged. Researchers took a deeper look at the collaboration tools being used for day-to-day work to better understand how they could impact sensitive meetings now being held virtually. During its investigation, the company's security researchers discovered three vulnerabilities in Webex.

https://www.techradar.com/news/cisco-webex-had-some-very-spooky-security-flaws


Data Breaches

Animal Jam was hacked, and data stolen; here’s what parents need to know

WildWorks,  the gaming company that makes the popular kids game Animal Jam, has confirmed a data breach.

Animal Jam is one of the most popular games for kids, ranking in the top five games in the 9-11 age category in Apple’s App Store in the U.S., according to data provided by App Annie. But while no data breach is ever good news, WildWorks has been more forthcoming about the incident than most companies would be, making it easier for parents to protect both their information and their kids’ data.

https://techcrunch.com/2020/11/16/animal-jam-data-breach/

Crown Prosecution Service guilty of ‘serious’ data breaches

Prosecutors are routinely guilty of “serious” data breaches that can endanger the public by disclosing addresses of people who report crimes, a watchdog has revealed.

Independent assessors of the Crown Prosecution Service found that prosecutors in England and Wales were responsible for “a significant number of data security breaches”.

https://www.thetimes.co.uk/article/crown-prosecution-service-guilty-of-serious-data-breaches-k7vhl0hnf


Privacy

MacOS Big Sur reveals Apple secretly hates your VPN and firewall

If you're using a Mac VPN and recently updated your device to Big Sur, your privacy may be at risk as it was discovered that Apple apps are able to bypass both firewalls and VPN services in the company's latest version of macOS.

Twitter user mxswd first spotted the issue back in October and provided more details in a tweet which reads: “Some Apple apps bypass some network extensions and VPN Apps. Maps for example can directly access the internet bypassing any NEFilterDataProvider or NEAppProxyProviders you have running”.

https://www.techradar.com/uk/news/macos-big-sur-reveals-apple-secretly-hates-your-vpn-and-firewall

Server failure unearths massive macOS tracking plans

More serious doubts have been raised about Apple's snooping tactics following fresh revelations about the company's macOS software. We’ve already reported how apps in the latest release of macOS can bypass firewalls and VPNs and how the release was bricking some older MacBook Pro machines.

https://www.techradar.com/news/server-failure-unearths-massive-macos-tracking-plans

Employee surveillance software demand increased as workers transitioned to home working

As people hunkered down to work from home during COVID-19, companies turned to employee surveillance software to track their staff.

What does the rise of intrusive tools such as employee surveillance software mean for workers at home?

A new study shows that the demand for employee surveillance software was up 55% in June 2020 compared to the pre-pandemic average. From webcam access to random screenshot monitoring, these surveillance software products can record almost everything an employee does on their computer.

https://www.zdnet.com/article/employee-surveillance-software-demand-increased-as-workers-transitioned-to-home-working/

Los Angeles police ban facial recognition software and launch review after officers accused of unauthorized use

The Los Angeles police department (LAPD) has banned commercial facial recognition software and launched a review after 25 officers were accused of using it unofficially to try to identify people.

https://www.theregister.com/2020/11/19/lapd_facial_recogntion/


Nation State Actors

More than 200 systems infected by new Chinese APT 'FunnyDream'

A new Chinese state-sponsored hacking group (also known as an APT) has infected more than 200 systems across Southeast Asia with malware over the past two years.

The malware infections are part of a widespread cyber-espionage campaign carried out by a group named FunnyDream, according to a new report published today by security firm Bitdefender.

The attacks have primarily targeted Southeast Asian governments. While Bitdefender has not named any victim countries, a report published earlier this spring by fellow security firm Kaspersky Lab has identified FunnyDream targets in Malaysia, Taiwan, and the Philippines, with the most victims being located in Vietnam.

https://www.zdnet.com/article/more-than-200-systems-infected-by-new-chinese-apt-funnydream/

Massive, China-state-funded hack hits companies around the world, report says

Attacks are linked to Cicada, a group believed to be funded by the Chinese state.

Researchers have uncovered a massive hacking campaign that’s using sophisticated tools and techniques to compromise the networks of companies around the world.

The hackers, most likely from a well-known group that’s funded by the Chinese government, are outfitted with both off-the-shelf and custom-made tools. One such tool exploits Zerologon, the name given to a Windows server vulnerability, patched in August, that can give attackers instant administrator privileges on vulnerable systems.

https://arstechnica.com/information-technology/2020/11/massive-china-state-funded-hack-hits-companies-around-the-word-report-says/


Other News

Hackers are leaning more heavily on cloud resources

Underground cloud services may seem like an oxymoron, but they are quite real, and criminals are using them to speed up attacks and leave very little room for compromised businesses to react.

This is according to a new report from cybersecurity firm Trend Micro, which found terabytes of internal business data and logins - including for Google, Amazon and PayPal - for sale on the dark web.

https://www.itproportal.com/news/hackers-are-leaning-more-heavily-on-cloud-resources/

CEOs Will Be Personally Liable for Cyber-Physical Security Incidents by 2024

Digital attack attempts in industrial environments are on the rise. In February 2020, IBM X-Force reported that it had observed a 2,000% increase in the attempts by threat actors to target Industrial Control Systems (ICS) and Operational Technology (OT) assets between 2018 and 2020. This surge eclipsed the total number of attacks against organizations’ industrial environments that had occurred over the previous three years combined.

https://www.tripwire.com/state-of-security/risk-based-security-for-executives/ceo-personally-liable-cyber-physical-security-incidents/


Reports Published in the Last Week

Sophos 2021 Threat Report: Navigating cybersecurity in an uncertain world

https://nakedsecurity.sophos.com/2020/11/18/sophos-threat-report-2021/

Verizon Releases First Cyber-Espionage Report

https://www.infosecurity-magazine.com/news/verizon-releases-first-cyber/


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