Black Arrow Cyber Threat Briefing 07 October 2022

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 Sanctions Instigator Lloyd's Possibly Hit by Cyber Attack

Lloyd’s of London, the London-based insurance market heavily involved in implementing sanctions against Russia, may have been hit by a cyber-attack. On Wednesday, October 5, 2022, the British insurance market revealed it had detected “unusual activity” on its systems and has turned off all external connectivity “as a precautionary measure.”

“We have informed market participants and relevant parties, and we will provide more information once our investigations have concluded,” said a Lloyd’s spokesperson.

The company did not comment on whether or not it has been contacted by hackers, if a ransom demand has been issued, or on the possible source of the attack.

However, the insurance market has been closely involved with the design and implementation of sanctions imposed on Russia in response to its invasion of Ukraine – a potential motive for the attack. Lloyd’s itself has confirmed it was working closely with British and international governments to implement such sanctions.

Around 100 insurance syndicates operate at Lloyd's.

Earlier in 2022, Lloyd’s instructed its 76 insurance syndicates to remove “nation-state-backed cyber attacks” from insurance policies by March 2023, as well as losses “arising from a war.”

https://www.infosecurity-magazine.com/news/lloyds-possibly-hit-by-cyberattack/

• Former Uber Security Chief Convicted of Covering Up Data Breach

Uber’s former head of security has been convicted of covering up a 2016 data breach at the rideshare giant, hiding details from US regulators and paying off a pair of hackers in return for their discretion.

The trial, closely watched in cyber security circles, is believed to be the first criminal prosecution of a company executive over the handling of a data breach.

Joe Sullivan, who was fired in 2017 over the incident, was found guilty by a San Francisco jury of obstructing an investigation by the Federal Trade Commission. At the time of the 2016 breach, the regulator had been investigating the car-booking service over a different cyber security lapse that had occurred two years earlier.

Jurors also convicted Sullivan of a second count related to having knowledge of but failing to report the 2016 breach to the appropriate government authorities. The incident eventually became public in 2017 when Dara Khosrowshahi, who had just taken over as chief executive, disclosed details of the attack.

Prosecutors said Sullivan had taken steps to make sure data compromised in the attack would not be revealed. According to court documents, two hackers approached Sullivan’s team to notify Uber of a security flaw that exposed the personal information of almost 60mn drivers and riders on the platform.

https://www.ft.com/content/051af6a1-41d1-4a6c-9e5a-d23d46b2a9c9

• First 72 Hours of Incident Response Critical to Taming Cyber Attack Chaos

Cyber security professionals tasked with responding to attacks experience stress, burnout, and mental health issues that are exacerbated by a lack of breach preparedness and sufficient incident response practice in their organisations.

A new IBM Security-sponsored survey published this week found that two-thirds (67%) of incident responders suffer stress and anxiety during at least some of their engagements, while 44% have sacrificed the well-being of their relationships, and 42% have suffered burnout, according to the survey conducted by Morning Consult. In addition, 68% of incidents responders often have to work on two or more incidents at the same time, increasing their stress, according to the survey's results.

Companies that plan and practice responding to a variety of incidents can lower the stress levels of their incident responders, employees, and executives, says John Dwyer, head of research for IBM Security's X-Force response team.

"Organisations are not effectively establishing their response strategies with the responders in mind — it does not need to be as stressful as it is," he says. "There is a lot of time when the responders are managing organisations during an incident, because those organisations were not prepared for the crisis that occurs. These attacks happen every day."

The IBM Security-funded study underscores why the cyber security community has focused increasingly on the mental health of its members. About half (51%) of cyber security defenders have suffered burnout or extreme stress in the past year, according to a VMware survey released in August 2021. Cyber security executives have also spotlighted the issue as one that affects the community and companies' ability to retain skilled workers.

https://www.darkreading.com/attacks-breaches/incident-response-s-first-72-hours-critical-to-taming-chaos

• Email Defences Under Siege: Phishing Attacks Dramatically Improve

This week's report that cyber attackers are laser-focused on crafting attacks specialised to bypass Microsoft's default security showcases an alarming evolution in phishing tactics, security experts said this week.

Threat actors are getting better at slipping phishing attacks through the weak spots in platform email defences, using a variety of techniques, such as zero-point font obfuscation, hiding behind cloud-messaging services, and delaying payload activation, for instance. They're also doing more targeting and research on victims.

As a result, nearly 1 in 5 phishing emails (18.8%) bypassed Microsoft's platform defences and landed in workers' inboxes in 2022, a rate that increased 74% compared to 2020, according to research published by cyber security firm Check Point Software. Attackers increasingly used techniques to pass security checks, such as Sender Policy Framework (SPF), and obfuscate functional components of an e-mail, such as using zero-size fonts or hiding malicious URLs from analysis.

The increasing capabilities of attackers is due to the better understanding of current defences, says Avanan, an email security firm acquired by Check Point in August 2021.

"It is a family of 10 to 20 techniques, but they all lead to the objective of deceiving a company's security layers," he says. "The end result is always an email that looks genuine to the recipient but looks different to the algorithm that analyses the content."

Microsoft declined to comment on the research. However, the company has warned of advanced techniques, such as adversary-in-the-middle phishing (AiTM), which uses a custom URL to place a proxy server between a victim and their desired site, allowing the attacker to capture sensitive data, such as usernames and passwords. In July, the company warned that more than 10,000 organisations had been targeted during one AiTM campaign.

https://www.darkreading.com/remote-workforce/email-defenses-under-siege-phishing-attacks-dramatically-improve

• Remote Services Are Becoming an Attractive Target for Ransomware

Stolen credentials are no longer the number one initial access vector for ransomware operators looking to infect a target network and its endpoints - instead, they’ve become more interested in exploiting vulnerabilities found in internet-facing systems.

A report from Secureworks claims ransomware-as-a-service developers are quick to add newly discovered vulnerabilities into their arsenals, allowing even less competent hackers to exploit them swiftly, and with relative ease.

In fact, the company's annual State of the Threat Report reveals that flaw exploitation in remote services accounted for 52% of all ransomware incidents the company analysed over the last 12 months.

Besides remote services, Secureworks also spotted a 150% increase in the use of infostealers, which became a “key precursor” to ransomware. Both these factors, the report stresses, kept ransomware as the number one threat for businesses of all sizes, “who must fight to stay abreast of the demands of new vulnerability prioritisation and patching”.

All things considered, ransomware is still the biggest threat for businesses. It takes up almost a quarter of all attacks that were reported in the last 12 months, Secureworks says, and despite law enforcement being actively involved, operators remained highly active.

https://www.techradar.com/news/remote-services-are-becoming-an-attractive-target-for-ransomware

• Growing Reliance on Cloud Brings New Security Challenges

There was a time when cloud was just a small subset of IT infrastructure, and cloud security referred to a very specific set of tasks. The current reality is very different, organisations are heavily dependent on cloud technologies and cloud security has become a much more complex endeavour.

Organisations increasingly rely on the cloud to deliver new applications, reduce costs, and support business operations. One in every four organisations already have majority workloads in the cloud, and 44% of workloads currently run in some form of public cloud, says Omdia, a research and advisory group.

Practically every midsize and large organisation now operates in some kind of a hybrid cloud environment, with a mix of cloud and on-premises systems. For most organisations, software-as-a-service constitute the bulk (80%) of their cloud environments, followed by infrastructure-as-a-service and platform-as-a-service deployments.

In the past, cloud security conversations tended to focus on making sure cloud environments are being configured properly, but cloud security nowadays goes far beyond just configuration management. The sprawling cloud environment means security management has to be centralised, Omdia said. Security functions also need to be integrated into existing application deployment workflows.

On top of all of this, multicloud is becoming more common among organisations as they shift their workloads to avoid being dependent on a single platform. The three major cloud providers – Amazon Web Services, Microsoft Azure, and Google Cloud Platform – account for 65% of the cloud market.

https://www.darkreading.com/dr-tech/growing-reliance-on-cloud-brings-new-security-challenges

• Many IT Pros Don’t Think a Ransomware Attack Can Impact Microsoft 365 Data

The 2022 Ransomware Report, which surveyed over 2,000 IT leaders, revealed that 24% have been victims of a ransomware attack, with 20% of attacks happening in the last year.

Cyber attacks are happening more frequently. Last year’s ransomware survey revealed that 21% of companies experienced an attack. This year it rose by three percent to 24%.

“Attacks on businesses are increasing, and there is a shocking lack of awareness and preparation by IT pros. Our survey shows that many in the IT community have a false sense of security. As bad actors develop new techniques, companies like ours have to do what it takes to come out ahead and protect businesses around the world,” said Hornetsecurity.

The report highlighted a lack of knowledge on the security available to businesses. 25% of IT professionals either don’t know or don’t think that Microsoft 365 data can be impacted by a ransomware attack.

Just as worryingly, 40% of IT professionals that use Microsoft 365 in their organisation admitted they do not have a recovery plan in case their Microsoft 365 data was compromised by a ransomware attack.

“Microsoft 365 is vulnerable to phishing attacks and ransomware attacks, but with the help of third-party tools, IT admins can backup their Microsoft 365 data securely and protect themselves from such attacks,” said Hofmann.

https://www.helpnetsecurity.com/2022/10/03/ransomware-attack-impact-microsoft-365-data/

• Ransomware Group Bypasses "Enormous" Range of EDR Tools

A notorious ransomware group has been spotted leveraging sophisticated techniques to bypass endpoint detection and response (EDR) tools.

BlackByte, which the US government has said poses a serious threat to critical infrastructure, used a “Bring Your Own Driver” technique to circumvent over 1000 drivers used by commercially available EDR products, according to Sophos. The UK cyber security vendor explained in a new report that the group had exploited a known vulnerability, CVE-2019-16098, in Windows graphics utility driver RTCorec6.sys. This enabled it to communicate directly with a victim system’s kernel and issue commands to disable callback routines used by EDR tools.

The group also used EDR bypass techniques borrowed from open source tool EDRSandblast to deactivate the Microsoft-Windows-Threat-Intelligence ETW (Event Tracing for Windows) provider. This is a Windows feature “that provides logs about the use of commonly maliciously abused API calls such as NtReadVirtualMemory to inject into another process’s memory,” explained Sophos. Neutralising it in this way renders any security tool relying on the feature also useless, the firm argued.

“If you think of computers as a fortress, for many EDR providers, ETW is the guard at the front gate,” said Sophos. “If the guard goes down, then that leaves the rest of the system extremely vulnerable. And, because ETW is used by so many different providers, BlackByte’s pool of potential targets for deploying this EDR bypass is enormous.”

BlackByte is not the only ransomware group using these advanced techniques to get around existing detection tools, illustrating the continued arms race between attackers and defenders. AvosLocker used a similar method in May, Sophos said. “Anecdotally, from what we’re seeing in the field, it does appear that EDR bypass is becoming a more popular technique for ransomware threat groups,” the firm confirmed. “This is not surprising. Threat actors often leverage tools and techniques developed by the ‘offensive security’ industry to launch attacks faster and with minimal effort.”

https://www.infosecurity-magazine.com/news/ransomware-bypasses-enormous-range/

• MS Exchange Zero-Days: The Calm Before the Storm?

Two exploited MS Exchange zero-days that still have no official fix, have been added to CISA’s Known Exploited Vulnerabilities (KEV) Catalog.

But mitigating the risk of exploitation until patches are ready will require patience and doggedness, as Microsoft is still revising its advice to admins and network defenders, and still working on the patches.

The two vulnerabilities were publicly documented last Wednesday, by researchers with Vietnamese company GTSC, and Microsoft soon after sprung into (discernible) action by offering customer guidance, followed by an analysis of the attacks exploiting the two vulnerabilities. Several changes have been made to the documents since then, after the company found and other researchers pointed out several shortcomings.

Microsoft says its threat analysts observed “activity related to a single activity group in August 2022 that achieved initial access and compromised Exchange servers by chaining CVE-2022-41040 and CVE-2022-41082 in a small number of targeted attacks,” and that the attackers breached fewer than 10 organisations globally. “MSTIC assesses with medium confidence that the single activity group is likely to be a state-sponsored organisation,” they added.

The other good news is there are still no public exploits for the two vulnerabilities. But, Microsoft says, “Prior Exchange vulnerabilities that require authentication have been adopted into the toolkits of attackers who deploy ransomware, and these vulnerabilities are likely to be included in similar attacks due to the highly privileged access Exchange systems confer onto an attacker.”

Enterprise defenders should expect trouble via this attack path in the near future, it seems, so keeping abreast of the changing situation and springing into action as quickly as possible once the patches are made available is advised. Scammers have since started impersonating security researchers and offering non-existing PoC exploits for CVE-2022-41082 for sale via GitHub

https://www.helpnetsecurity.com/2022/10/03/ms-exchange-cve-2022-41040-cve-2022-41082/

• Average Company with Data in the Cloud Faces $28 Million in Data-Breach Risk

Hard-to-control collaboration, complex SaaS permissions, and risky misconfigurations — such as admin accounts without multi-factor authentication (MFA) — have left a dangerous amount of cloud data exposed to insider threats and cyber attacks, according to Varonis.

For the report, researchers analysed nearly 10 billion cloud objects (more than 15 petabytes of data) across a random sample of data risk assessments performed at more than 700 companies worldwide. In the average company, 157,000 sensitive records are exposed to everyone on the internet by SaaS sharing features, representing $28 million in data-breach risk, Varonis researchers have found.

One out of every 10 records in the cloud is exposed to all employees — creating an impossibly large internal blast radius, which maximises damage during a ransomware attack. The average company has 4,468 user accounts without MFA enabled, making it easier for attackers to compromise internally exposed data.

Out of 33 super admin accounts in the average organisation, more than half did not have MFA enabled. This makes it easier for attackers to compromise these powerful accounts, steal more data, and create backdoors. Companies have more than 40 million unique permissions across SaaS applications, creating a nightmare for IT and security teams responsible for managing and reducing cloud data risk.

“Cloud security shouldn’t be taken for granted. When security teams lack critical visibility to manage and protect SaaS and IaaS apps and services, it’s nearly impossible to ensure your data isn’t walking out the door,” said Varonis. “This report is a true-to-life picture of over 700 real-world risk assessments of production SaaS environments. The results underscore the urgent need for CISOs to uncover and remediate their cloud risk as quickly as possible.”

https://www.helpnetsecurity.com/2022/10/05/company-data-breach-risk/

• Secureworks Finds Network Intruders See Little Resistance

Attackers who break into networks only need to take a few basic measures in order to avoid detection.

Security vendor Secureworks said in its annual State of the Threat report that it observed several data breaches between June 2021 and June 2022 and found that, by and large, once network intruders gained a foothold on the targets' environment, they had to do relatively little to stay concealed.

"One thing that is notable about them is that none of these techniques are particularly sophisticated," the vendor said. "That is because threat actors do not need them to be; the adversary will only innovate enough to achieve their objectives. So there is a direct relationship between the maturity of the controls in a target environment and the techniques they employ to bypass those controls."

Among the more basic measures taken by the attackers was coding their tools in newer languages such as Go or Rust. This tweak created enough of a difference in the software to evade signature-checking tools, according to Secureworks' report. In other cases, the network intruders hid their activity by packing their malware within a trusted Windows installer or by sneaking it into the Authenticode signature of a trusted DLL. In another case, a malware infection was seen moving data out of the victim's network via TOR nodes. While effective, Secureworks said the techniques are hardly innovative. Rather, they indicate that threat actors find themselves only needing to do the bare minimum to conceal themselves from detection.

https://www.techtarget.com/searchsecurity/news/252525696/Secureworks-finds-network-intruders-see-little-resistance

• Regulations, Laws and Accountability are Changing the Cyber Security Landscape

As cyber criminals continue to develop new ways to wreak havoc, regulators have been working to catch up. They aim to protect data and consumers while avoiding nation-state attacks that are a risk to national and economic security. But some of these regulations may provide an opportunity for MSSPs.

Some of these regulations are a response to what’s generally been a hands-off approach to telling organisations what to do. Unfortunately, cyber security isn’t always prioritised when budgets and resources are allocated. The result is a steadily rising tide of breaches and exploits that have held organisations hostage and made private information available on the dark web.

The new regulations are coming from all directions: at the state and federal levels in the US and around the world. While many of these regulations aren’t yet final, there’s no reason not to start aligning with where trends will ease the impact of changing rules. At the same time, many organisations want to hold the government responsible for some kinds of attacks. It will be interesting to see how regulating works, as most politicians and bureaucrats aren’t known for their technological savvy.

In the US, for example, new regulations are in development in the Federal Trade Commission, Food and Drug Administration, Department of Homeland Security, Department of Transportation, Department of Energy, and the Cybersecurity and Infrastructure Security Agency. Thirty-six states have enacted cyber security legislation, and the count increases as other countries join.

One of the motivating factors for all these new regulations is that most cyber attacks aren’t reported. Lawmakers realise cyber security threats continue to be one of the top national security and economic risks. In the last year and a half (2020-2022), there have been attacks on America’s gas supply, meat supply, and various other companies, courts, and government agencies. One FBI cyber security official estimated the government only learns about 20% to 25% of intrusions at US business and academic institutions.

In March, Congress passed legislation requiring critical infrastructure operators to report significant cyber attacks to CISA within 72 hours of learning about the attack. It also required them to report a ransomware payment within 24 hours. These regulations will also consider reporting “near misses” so that this data can also be studied and tracked. The problem is, how does one define a “near miss”?

https://www.msspalert.com/cybersecurity-guests/regulations-laws-and-accountability-are-changing-the-cybersecurity-landscape/

• This Year’s Biggest Cyber Threats

OpenText announced the Nastiest Malware of 2022, a ranking of the year’s biggest cyber threats. For the fifth year running, experts combed through the data, analysed different behaviours, and determined which malicious payloads are the nastiest.

Emotet regained its place at the top, reminding the world that while affiliates may be taken down, the masterminds are resilient. LockBit evolved its tactics into something never seen before: triple extortion. Analysis also revealed an almost 1100% increase in phishing during the first four months of 2022 compared to the same period in 2021, indicating a possible end to the “hacker holiday,” a hacker rest period following the busy holiday season.

“The key takeaway from this year’s findings is that malware remains centre stage in the threats posed towards individuals, businesses, and governments,” said OpenText.

“Cyber criminals continue to evolve their tactics, leaving the infosec community in a constant state of catch-up. With the mainstream adoption of ransomware payloads and cryptocurrency facilitating payments, the battle will continue. No person, no business—regardless of size—is immune to these threats.”

While this year’s list may designate payloads into different categories of malware, it’s important to note many of these bad actor groups contract work from others. This allows each group to specialise in their respective payload and perfect it.

https://www.helpnetsecurity.com/2022/10/06/2022-nastiest-malware/

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Threats

Ransomware and Extortion

• Ransomware Attacks On The Rise, Secureworks Reveals in its State of the Threat Report - MSSP Alert

• Ransomware: This is how half of attacks begin, and this is how you can stop them | ZDNET

• Fake adult sites push data wipers disguised as ransomware (bleepingcomputer.com)

• Ferrari Hit By Ransomware Attack: 7 GB Of Data Published Online – Expert (informationsecuritybuzz.com)

• BlackByte Ransomware Abuses Vulnerable Windows Driver to Disable Security Solutions (thehackernews.com)

• BlackByte ransomware abuses legit driver to disable security products (bleepingcomputer.com)

• Ransomware attacks ravage schools, municipal governments (techtarget.com)

• Ransomware 3.0: The Next Frontier (darkreading.com)

• More and more ransomware is just data theft, no encryption • The Register

• Netwalker ransomware affiliate sentenced to 20 years in prison (bleepingcomputer.com)

• Cheerscrypt ransomware is linked to Chinese DEV-0401 APT group - Security Affairs

• ADATA denies RansomHouse cyber attack, says leaked data from 2021 breach (bleepingcomputer.com)

• Avast releases a free decryptor for some Hades ransomware variants - Security Affairs

• Cyber criminals Leak LA School Data After It Refuses to Ransom (vice.com)

• How Ransomware Is Causing Chaos in American Schools (vice.com)

• Ransomware hunters: the self-taught tech geniuses fighting cyber crime | Cyber crime | The Guardian

BEC – Business Email Compromise

• BEC fraudster and romance scammer sent to prison for 25 years – Naked Security (sophos.com)

• Hackers Target Homebuyers’ Life Savings in Real Estate Scam - Bloomberg

Phishing & Email Based Attacks

• Hackers Can Use 'App Mode' in Chromium Browsers' for Stealth Phishing Attacks (thehackernews.com)

• Phishing Campaigns Target KFC, McDonald's in Saudi Arabia, UAE, Singapore - Infosecurity Magazine (infosecurity-magazine.com)

Other Social Engineering; Smishing, Vishing, etc

• Callback phishing attacks evolve their social engineering tactics (bleepingcomputer.com)

• 3 ways enterprises can mitigate social engineering risks - Help Net Security

Malware

• OpenText Releases List Of The Year’s “Nastiest” Malware - MSSP Alert

• This devious malware is able to disable your antivirus | TechRadar

• Bumblebee Malware Loader's Payloads Significantly Vary by Victim System (darkreading.com)

• Eternity Group Hackers Offering New LilithBot Malware-as-a-Service to Cyber criminals (thehackernews.com)

• Live support service hacked to spread malware in supply chain attack (bleepingcomputer.com)

• NullMixer Dropper Delivers a Multimalware Code Bomb (darkreading.com)

• Maggie malware already infected over 250 Microsoft SQL servers - Security Affairs

Mobile

• Android Spyware 'RatMilad' Targets Enterprise Devices in Iran - Infosecurity Magazine (infosecurity-magazine.com)

Internet of Things – IoT

• 7 IoT Devices That Make Security Pros Cringe (darkreading.com)

• Ikea Smart Light System Flaw Lets Attackers Turn Bulbs on Full Blast (darkreading.com)

• Acronis founder is afraid of his own vacuum cleaner • The Register

Data Breaches/Leaks

• “Egypt Leaks” – Hacktivists are Leaking Financial Data - Security Affairs

• No Shangri-La for you: Top hotel chain confirms data leak • The Register

• Home Office reprimanded after sensitive counter-terror documents left at London venue | The Independent

• NSA: Someone hacked military contractor and stole data • The Register

• City of Tucson discloses data breach affecting over 123,000 people (bleepingcomputer.com)

• Optus Says ID Numbers of 2.1 Million Compromised in Data Breach | SecurityWeek.Com

• Aussie Telco Telstra Breached, Reportedly Exposing 30,000 Employees' Data (darkreading.com)

• 2K warns users their info has been stolen following breach of its help desk | Ars Technica

• Russian retail chain 'DNS' confirms hack after data leaked online (bleepingcomputer.com)

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• Breaking: Scams Linked To Crypto Soared By 335% (informationsecuritybuzz.com)

• Hacker steals $566 million worth of crypto from Binance Bridge (bleepingcomputer.com)

• Hackers are breaching scam sites to hijack crypto transactions (bleepingcomputer.com)

• Binance Says $100 Million Stolen in Latest Crypto Hack (gizmodo.com)

• Hackers are breaching scam sites to hijack crypto transactions (bleepingcomputer.com)

Insider Risk and Insider Threats

• Why Don't CISOs Trust Their Employees? (darkreading.com)

• Meta sues app dev for stealing over 1 million WhatsApp accounts (bleepingcomputer.com)

• To avoid insider threats, try empathy - Help Net Security

• Microsoft publishes report on holistic insider risk management - Microsoft Security Blog

• Unearth offboarding risks before your employees say goodbye - Help Net Security

• Splunk alleges source code theft by former employee • The Register

• Ex-NSA Employee Arrested for Trying to Sell U.S. Secrets to a Foreign Government (thehackernews.com)

Fraud, Scams & Financial Crime

• ICO Fines Four "Predatory" Privacy-Invading Firms - Infosecurity Magazine (infosecurity-magazine.com)

• Consumers Feel Hopeless in Protecting Themselves Against Cyber crime, ISACA Reports - MSSP Alert

• BEC fraudster and romance scammer sent to prison for 25 years – Naked Security (sophos.com)

• Hackers Target Homebuyers’ Life Savings in Real Estate Scam - Bloomberg

• Russians dodging mobilization behind flourishing scam market (bleepingcomputer.com)

• Scammers and rogue callers – can anything ever stop them? – Naked Security (sophos.com)

• Healthcare Company Owners Get Jail Time for $7m Fraud Scheme - Infosecurity Magazine (infosecurity-magazine.com)

• Online romance scam boss netted $9.5m, jailed for 25 years • The Register

Deepfakes

• How a deepfake Mark Ruffalo scammed half a million dollars from a lonely heart • Graham Cluley

Supply Chain and Third Parties

• Live support service hacked to spread malware in supply chain attack (bleepingcomputer.com)

• Supply Chain Attack Targets Customer Engagement Firm Comm100 | SecurityWeek.Com

Denial of Service DoS/DDoS

• DDoS Attacks Spike in First Half of 2022 to Highest Levels in Four Years - MSSP Alert

Cloud/SaaS

• How Will the Metaverse Affect Cloud Security? (trendmicro.com)

• Hardening data security in the cloud • The Register

• Monitoring Your Cloud And Hybrid IT Infrastructure: How To Find The Right Monitoring Solution (informationsecuritybuzz.com)

Encryption

• Loads of connected PostgreSQL systems do not use SSL • The Register

API

• More Than 30% of All Malicious Attacks Target Shadow APIs (darkreading.com)

• APIs are quickly becoming the most popular attack vector - Help Net Security

• The Problem of API Security and How To Fix It (informationsecuritybuzz.com)

• API authentication failures demonstrate the need for zero trust - Help Net Security

• Shadow APIs hit with 5 billion malicious requests - Help Net Security

Open Source

• When transparency is also obscurity: The conundrum that is open-source security - Help Net Security

• How Secure is Using Open Source Components? - IT Security Guru

Passwords, Credential Stuffing & Brute Force Attacks

• Microsoft warns Basic Auth users over password spray attacks • The Register

• Is mandatory password expiration helping or hurting your password security? - Help Net Security

• Detecting and preventing LSASS credential dumping attacks - Microsoft Security Blog

• Meta Says It Has Busted More Than 400 Login-Stealing Apps This Year | WIRED

Privacy, Surveillance and Mass Monitoring

• The gap between security and privacy, and what it will take to bridge it - Help Net Security

• ICO Fines Four "Predatory" Privacy-Invading Firms - Infosecurity Magazine (infosecurity-magazine.com)

Regulations, Fines and Legislation

• New Telecoms Security Framework Comes Into Force (informationsecuritybuzz.com)

Models, Frameworks and Standards

• CIS Controls v8: Safeguards to mitigate the most prevalent cyber-attacks - Help Net Security

Secure Disposal

• The astronomical costs of an asset disposal program gone wrong | CSO Online

• New forensic analysis of electronical devices unveils dangers of inadequate data disposal for individuals and businesses - Business in the News

Backup and Recovery

• Giving Away the Keys to Your Backups? Here’s How to Keep Out Hackers (darkreading.com)

Law Enforcement Action and Take Downs

• Police arrest teen for using leaked Optus data to extort victims (bleepingcomputer.com)

Spyware, Cyber Espionage & Cyber Warfare, including Russian Invasion of Ukraine

• Relentless Russian Cyber attacks on Ukraine Raise Important Policy Questions (darkreading.com)

• Finnish intelligence warns of Russia's cyber espionage activities - Security Affairs

• Kazakhstan Pins Wave Of Cyber attacks On Foreign Actors | OilPrice.com

• Albania weighed invoking NATO’s Article 5 over Iranian cyber attack - POLITICO

• Russian Hackers Take Aim at Kremlin Targets: Report - Infosecurity Magazine (infosecurity-magazine.com)

• We breached Russian satellite network, say pro-Ukraine partisans | Cybernews

• Ukrainian forces report Starlink outages during push against Russia | Financial Times (ft.com)

• Android Spyware 'RatMilad' Targets Enterprise Devices in Iran - Infosecurity Magazine (infosecurity-magazine.com)

• Report: Mexico Continued to Use Spyware Against Activists | SecurityWeek.Com

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Nation State Actors

Nation State Actors – China

• US authorities name China's 20 favourite vulns to exploit • The Register

• Cheerscrypt ransomware is linked to Chinese DEV-0401 APT group - Security Affairs

Nation State Actors – North Korea

• Lazarus employed an exploit in a Dell firmware driver in recent attacks - Security Affairs

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Vulnerability Management

• CISA mandates vulnerability detection and reporting rules • The Register

• The Zero Day Dilemma | SecurityWeek.Com

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Vulnerabilities

• Microsoft Issues Improved Mitigations for Unpatched Exchange Server Vulnerabilities (thehackernews.com)

• Fortinet warns admins to patch critical auth bypass bug immediately (bleepingcomputer.com)

• Cisco Patches High-Severity Vulnerabilities in Communications, Networking Products | SecurityWeek.Com

• Atlassian, Microsoft bugs make CISA’s must-patch list • The Register

• US authorities name China's 20 favourite vulns to exploit • The Register

• October 2022 Patch Tuesday forecast: Looking for treats, not more tricks - Help Net Security

• Fake Microsoft Exchange ProxyNotShell exploits for sale on GitHub (bleepingcomputer.com)

• CISA Warns of Attacks Exploiting Recent Atlassian Bitbucket Vulnerability | SecurityWeek.Com

• No fix in sight for mile-wide loophole plaguing a key Windows defence for years | Ars Technica

• Hackers Exploiting Unpatched RCE Flaw in Zimbra Collaboration Suite (thehackernews.com)

• Lazarus employed an exploit in a Dell firmware driver in recent attacks - Security Affairs

• Unpatched Zimbra flaw under attack is letting hackers backdoor servers | Ars Technica

• macOS Archive Utility Bug Lets Malicious Apps Bypass Security Checks (darkreading.com)

• Fortinet Warns of New Auth Bypass Flaw Affecting FortiGate and FortiProxy (thehackernews.com)

• VMware fixed a high-severity bug in vCenter Server - Security Affairs

• BlackByte Ransomware Abuses Vulnerable Windows Driver to Disable Security Solutions (thehackernews.com)

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Reports Published in the Last Week

• 2022 State of the Threat Report | Secureworks

• Building a Holistic Insider Risk Management Program

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Other News

• Guilty verdict in the Uber breach case makes personal liability real for CISOs | CSO Online

• Cyber attackers view smaller organisations as easier targets - Help Net Security

• Moody's turns up the heat on 'riskiest' sectors for attacks • The Register

• 5 reasons why security operations are getting harder | CSO Online

• Former NSA Employee Faces Death Penalty for Selling Secrets (darkreading.com)

• Fast Company Is Back From the Dead After Being Hacked (gizmodo.com)

• Ready Or Not, Web 3 Is Coming And With It Comes Cybersquatting 2.0 (informationsecuritybuzz.com)

• Cyber Hygiene: 5 Best Practices for Company Buy-In (trendmicro.com)

• School Is in Session: 5 Lessons for Future Cyber Security Pros (darkreading.com)

• Want More Secure Software? Start Recognizing Security-Skilled Developers (thehackernews.com)

• Incident responders increasingly seek out mental health assistance - Help Net Security

• You Are Not Alone If You're Unclear About Extended Detection and Response (XDR) - MSSP Alert

• Why digital trust is the bedrock of business relationships - Help Net Security

• Incident Responders Driven by Sense of Duty, Handcuffed by Volume of Cyber attacks, IBM Reports - MSSP Alert

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Sector Specific

Industry specific threat intelligence reports are available.

Contact us to receive tailored reports specific to the industry/sector and geographies you operate in.

·       Automotive

·       Construction

·       Critical National Infrastructure (CNI)

·       Defence & Space

·       Education & Academia

·       Energy & Utilities

·       Estate Agencies

·       Financial Services

·       FinTech

·       Food & Agriculture

·       Gaming & Gambling

·       Government & Public Sector (including Law Enforcement)

·       Health/Medical/Pharma

·       Hotels & Hospitality

·       Insurance

·       Legal

·       Manufacturing

·       Maritime

·       Oil, Gas & Mining

·       OT, ICS, IIoT, SCADA & Cyber-Physical Systems

·       Retail & eCommerce

·       Small and Medium Sized Businesses (SMBs)

·       Startups

·       Telecoms

·       Third Sector & Charities

·       Transport & Aviation

·       Web3

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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 ‘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.

Black Arrow Cyber Threat Briefing 30 September 2022

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

• UK Organisations, Ukraine's Allies Warned of Potential "Massive" Cyber Attacks By Russia

The head of the UK National Cyber Security Centre (NCSC) Lindy Cameron has given an update on Russia’s cyber activity amid its war with Ukraine. Her speech at Chatham House last week came just a few days after Ukraine’s military intelligence agency issued a warning that Russia was “preparing massive cyber attacks on the critical infrastructure of Ukraine and its allies.” This coincides with a new Forrester report that reveals the extent to which the cyber impact of the Russia-Ukraine conflict has expanded beyond the conflict zone with malware attacks propagating into European entities.

Addressing Russian cyber activity this year, Cameron stated that, while we have not seen the “cyber-Armageddon” some predicted, there has been a “very significant conflict in cyber space – probably the most sustained and intensive cyber campaign on record – with the Russian State launching a series of major cyber attacks in support of their illegal invasion in February.”

Russian cyber forces from their intelligence and military branches have been busy launching a huge number of attacks in support of immediate military objectives.

Since the start of the year, the NCSC has been advising UK organisations to take a more proactive approach to cyber security in light of the situation in Ukraine. “There may be organisations that are beginning to think ‘is this still necessary?’ as in the UK we haven’t experienced a major incident related to the war in Ukraine. My answer is an emphatic yes,” Cameron said.

In response to significant recent battlefield set-backs, Putin has been reacting in unpredictable ways, and so we shouldn’t assume that just because the conflict has played out in one way to date, it will continue to go the same way, Cameron added. “There is still a real possibility that Russia could change its approach in the cyber domain and take more risks – which could cause more significant impacts in the UK.” UK organisations and their network defenders should therefore be prepared for this period of elevated alert with a focus on building long-term resilience, which is a “marathon not a sprint,” she said.

https://www.csoonline.com/article/3674871/ncsc-chief-warns-uk-organizations-ukraine-s-allies-of-possible-massive-cyberattacks-by-russia.html#tk.rss_news

• Cyber Criminals See Allure in BEC Attacks Over Ransomware

While published trends in ransomware attacks have been contradictory — with some firms tracking more incidents and other fewer — business email compromise (BEC) attacks continue to have proven success against organisations.

BEC cases, as a share of all incident-response cases, more than doubled in the second quarter of the year, to 34% from 17% in the first quarter of 2022. That's according to Arctic Wolf's "1H 2022 Incident Response Insights" report, published on 29 September, which found that specific industries — including financial, insurance, business services, and law firms, as well as government agencies — experienced more than double their previous number of cases, the company said.

Overall, the number of BEC attacks encountered per email box has grown by 84% in the first half of 2022, according to data from cyber security firm Abnormal Security.

Meanwhile, so far this year, threat reports released by organisations have revealed contradictory trends for ransomware. Arctic Wolf and the Identity Theft Resource Center (ITRC) have seen drops in the number of successful ransomware attacks, while business customers seem to be encountering ransomware less often, according to security firm Trellix. At the same time, network security firm WatchGuard had a contrary take, noting that its detection of ransomware attacks skyrocketed 80% in the first quarter of 2022, compared with all of last year.

The surging state of BEC landscape is unsurprising because BEC attacks offer cyber criminals advantages over ransomware. Specifically, BEC gains do not rely on the value of cryptocurrency, and attacks are often more successful at escaping notice while in progress. Threat actors are unfortunately very opportunistic.

For that reason, BEC — which uses social engineering and internal systems to steal funds from businesses — continues to be a stronger source of revenue for cyber criminals. In 2021, BEC attacks accounted for 35%, or $2.4 billion, of the $6.9 billion in potential losses tracked by the FBI's Internet Crime Complaint Center (IC3), while ransomware remained a small fraction (0.7%) of the total.

https://www.darkreading.com/threat-intelligence/cybercriminals-see-allure-bec-attacks-ransomware

• Most Hackers Need 5 Hours or Less to Break Into Enterprise Environments

A new survey of 300 ethical hackers provides insight into not only the most common means of initial access, but how a complete end-to-end attack happens.

Around 40% of ethical hackers recently surveyed by the SANS Institute said they can break into most environments they test, if not all. Nearly 60% said they need five hours or less to break into a corporate environment once they identify a weakness.

The SANS ethical hacking survey, done in partnership with security firm Bishop Fox, is the first of its kind and collected responses from over 300 ethical hackers working in different roles inside organisations, with different levels of experience and specialisations in different areas of information security. The survey revealed that on average, hackers would need five hours for each step of an attack chain: reconnaissance, exploitation, privilege escalation and data exfiltration, with an end-to-end attack taking less than 24 hours.

The survey highlights the need for organisations to improve their mean time-to-detect and mean-time-to-contain, especially when considering that ethical hackers are restricted in the techniques they're allowed to use during penetration testing or red team engagements. Using black hat techniques, like criminals do, would significantly improve the success rate and speed of attack.

When asked how much time they typically need to identify a weakness in an environment, 57% of the polled hackers indicated ten or fewer hours: 16% responded six to ten hours, 25% three to five hours, 11% one to two hours and 5% less than an hour.

https://www.csoonline.com/article/3675535/most-hackers-need-5-hours-or-less-to-break-into-enterprise-environments.html#tk.rss_news

• Global Firms Deal with 51 Security Incidents Each Day

Security operations (SecOps) teams are struggling to respond to dozens of cyber security incidents every single day, according to a new report from Trellix.

The security vendor polled 9000 security decision makers from organisations with 500+ employees across 15 markets to compile its latest study, ‘XDR: Redefining the future of cyber security’.

It found that the average SecOps team has to manage 51 incidents per day, with 36% of respondents claiming they deal with 50 to 200 daily incidents. Around half (46%) agreed that they are “inundated by a never-ending stream of cyber-attacks.”

Part of the problem is the siloed nature of security and detection and response systems, the study claimed. Some 60% of respondents argued that poorly integrated products mean teams can’t work efficiently, while a third (34%) admitted they have blind spots. It’s perhaps no surprise, therefore, that 60% admitted they can’t keep pace with the rapid evolution of security threats.

This could be having a major impact on the bottom line. The vast majority (84%) of security decision makers that Trellix spoke to estimated that their organisation lost up to 10% of revenue from security breaches in the past year.

Medium size businesses ($50–$100m in revenue) lost an average of 8% in revenue, versus 5% for large businesses with a turnover of $10bn–$25bn. That could mean hundreds of millions of dollars are being thrown away each year due to inadequate SecOps.

https://www.infosecurity-magazine.com/news/global-firms-51-security-incidents/

• Phishing Attacks Crushed Records Last Quarter, Driven by Mobile

Last quarter saw a record-shattering number of observed phishing attacks, fuelled in large part by attempts to target users on their mobile devices.

The latest Anti-Phishing Working Group (APWG) "Phishing Activity Trends Report" for the second quarter of 2022 found 1,097,811 observed phishing attacks, the most the group has ever measured in its history.

The financial sector remained the top target for phishing lures (27.6%), along with other bombarded sectors, including webmail and software-as-a-service providers, social media sites, and cryptocurrency.

But much of the rise in phishing volume is due to a new threat actor focus on mobile devices, specifically vishing (voice phishing) and smishing (SMS phishing) attacks, the report noted.

https://www.darkreading.com/attacks-breaches/phishing-attacks-crushed-records-last-quarter

• Why Paying the Ransom is Still the Most Common Response to a Ransomware Attack

According to new data from Databarracks, 44% of the organisations who experienced a ransomware assault paid the demanded ransom. 22% made use of ransomware decryption software, while 34% restored data from backups.

The Databarracks 2022 Data Health Check produced the results. The annual report has been collecting data on ransomware, cyber, backup, disaster recovery, and business continuity from more than 400 UK IT decision-makers since 2008.

From the victim’s standpoint, it’s logical why you may pay a ransom. You are unable to handle orders or provide customer support, and losses mount swiftly. Downtime expenses can easily surpass the ransom.

Organisations may believe that paying the ransom will solve the issue more quickly, allowing them to resume operations as usual. This strategy is faulty for a number of causes.

First of all, there is no assurance that your data will be returned. Second, once criminals know an organisation is an easy target, they frequently attack it again. Finally, it conveys the incorrect message. By paying, you are assisting the crooks by demonstrating that their strategies are effective.

https://informationsecuritybuzz.com/study-research/why-paying-the-ransom-is-still-the-most-common-response-to-a-ransomware-attack/

• Ransomware Attacks Continue Increasing: 20% of All Reported Attacks Occurred in the Last 12 Months

Nearly a quarter of businesses have suffered a ransomware attack, with a fifth occurring in the past 12 months, according to a latest annual report from cyber security specialist Hornetsecurity.

The 2022 Ransomware Report, which surveyed over 2,000 IT leaders, revealed that 24% have been victims of a ransomware attack, with one in five (20%) attacks happening in the last year.

Cyber attacks are happening more frequently. Last year's ransomware survey revealed one in five (21%) companies experienced an attack; this year it rose by three percent to 24%.

Attacks on businesses are increasing, and there is a shocking lack of awareness and preparation by IT pros. The survey shows that many in the IT community have a false sense of security as bad actors develop new techniques.

The 2022 Ransomware Report highlighted a lack of knowledge on the security available to businesses. A quarter (25%) of IT professionals either don't know or don't think that Microsoft 365 data can be impacted by a ransomware attack.

Just as worryingly, 40% of IT professionals that use Microsoft 365 in their organisation admitted they do not have a recovery plan in case their Microsoft 365 data was compromised by a ransomware attack.

Microsoft 365 is vulnerable to phishing attacks and ransomware attacks, but with the help of third-party tools, IT admins can back up their Microsoft 365 data securely and protect themselves from such attacks.

Industry responses showed the widespread lack of preparedness from IT professionals and businesses. There has been an increase in businesses not having a disaster recovery plan in place if they do succumb to the heightened threat of a cyber attack.

In 2021, 16% of respondents reported having no disaster recovery plan in place. In 2022, this grew to 19%, despite the rise in attacks.

https://www.darkreading.com/attacks-breaches/ransomware-attacks-continue-increasing-20-of-all-reported-attacks-occurred-in-the-last-12-months---new-survey

• More Than Half of Security Pros Say Risks Higher in Cloud Than On Premise

A recent survey from machine identity solutions provider Venafi aimed to explore the complexity of cloud environments and the resulting impact on cyber security.

Venafi surveyed 1,101 security decision makers (SDMs) in firms with more than 1,000 employees and found that eighty-one percent of companies have experienced a cloud security incident in the last year. Forty-five percent have suffered at least four security incidents in the same period. More than half of security decision makers believe that security risks are higher in the cloud than on-premise.

Twenty-four percent of the firms have more than 10,000 employees. Ninety-two percent of the SDMs are at manager level or above, with 49% at c-suite level or higher.

Most of the firms surveyed believe the underlying issue is the increasing complexity of their cloud deployments. Since these companies already host 41% of their applications in the cloud, and expect to increase this to 57% over the next 18 months, the problem is only likely to worsen in the future.

The ripest target of attack in the cloud is identity management, especially machine identities. Each of these cloud services, containers, Kubernetes clusters and microservices needs an authenticated machine identity – such as a TLS certificate – to communicate securely. If any of these identities is compromised or misconfigured, it dramatically increases security and operational risks.

Respondents reported that the most common cloud incidents are security incidents during runtime (34%), unauthorised access (33%), misconfigurations (32%), vulnerabilities that have not been remediated (24%), and failed audits (19%).

Their primary operational concerns are hijacking of accounts, services or traffic (35%), malware or ransomware (31%), privacy/data access issues such as those from GDPR (31%), unauthorised access (28%), and nation state attacks (26%).

https://www.securityweek.com/more-half-security-pros-say-risks-higher-cloud-premise

• How To Outsmart Increasingly Complex Cyber Attacks

Threat detection is harder today than it was two years ago. Next year will be harder than this year. Why? It’s a compounding effect from skills shortages and threat varieties that’s making it more challenging for any one product to handle key security wins. And cyber security is a constantly evolving sector with 2022 a devastating year for cyber security. Both hackers and security experts are always in a battle to outsmart each other.

Even for businesses with good IT departments, data protection can too quickly become an afterthought. Today’s threat landscape is growing, not just in the frequency of attacks (and the number of high-profile breaches recorded in the media) but so is the complexity of any given threat. A recent piece of research found that in 93 percent of cases, an external attacker can breach an organisation’s network perimeter and gain access to local network resources. Following increasing levels of cyber-attacks, it’s a case of “not if I will be hit by a ransomware attack,” but “when…” Organisations need to do something to mitigate the risk and protect their businesses, and they need to do it now. 

Planning and executing a better defence to outsmart attackers and win more security battles doesn’t have to feel like a military operation – but it does require the right service coverage to remove blind spots and reduce emerging risks before they escalate. 

https://informationsecuritybuzz.com/articles/how-to-outsmart-increasingly-complex-cyber-attacks/

• Top Issues Driving Cyber Security: Growing Number of Cyber Criminals, Variety of Attacks

Fortifying cyber security defences remains a work in progress for many organisations, who acknowledge their shortcomings but have yet to commit the necessary resources to the effort, according to new research from CompTIA.

While a majority of respondents in each of seven geographic regions feels that their company’s cyber security is satisfactory, CompTIA’s “State of Cybersecurity” shows that a much smaller number rank the situation as “completely satisfactory.” Nearly everyone feels that there is room for improvement.

“Companies are aware of the threats they face and the potential consequences of an attack or breach,” said Seth Robinson, VP of industry research, CompTIA. “But they may be underestimating their exposure and how much they need to invest in cyber security. Risk mitigation is the key, the filter through which everything should be viewed.”

Two of the top three issues driving cyber security considerations are the growing volume of cyber criminals, cited by 48% of respondents, and the growing variety of cyber attacks (45%). Additionally, ransomware and phishing have quickly become major areas of concern as digital operations have increased and human error has proven more costly.

“Digital transformation driven by cloud and mobile adoption requires a new strategic approach to cyber security, but this poses significant challenges, both tactically and financially,” Robinson said. “As IT operations and strategy have grown more complex, so has the management of cyber security.”

As cyber security is more tightly integrated with business objectives, zero trust is the overarching policy that should be guiding modern efforts, though its adoption will not take place overnight because it requires a drastically different way of thinking and acting. The report suggests there is small progress in recognising a holistic zero trust approach, but better progress in adopting some elements that are part of an overarching zero trust policy.

https://www.helpnetsecurity.com/2022/09/30/top-issues-driving-cybersecurity/

• Cyber Threats Top Business Leaders' Biggest Concerns

Cyber threats are the number one concern for business decision makers, beating worries over economic uncertainty, rising energy costs and hiring, according to insurance provider Travelers. The firm polled over 1200 business leaders to compile its 2022 Travelers Risk Index report.

This is the third time in four years that cyber has emerged as the top concern, with more than half (57%) of respondents believing a future cyber-attack on their organisation is inevitable. A quarter (26%) said their company had already been a breach victim, the seventh successive year this figure has risen.

The top two cyber-related concerns were suffering a security breach (57%), and a system glitch causing computers to crash (55%). Becoming a cyber-extortion victim rose from eighth position to third this year.

However, despite general concern about cyber-threats, business decision-makers may also be guilty of overconfidence in their organisation’s security posture.

Nearly all respondents (93%) said they’re confident their company has implemented best practices to prevent or mitigate a cyber event. Yet most have not deployed endpoint detection and response tools (64%), they haven’t conducted a vendor cyber-assessment (59%), and don’t have an incident response plan (53%). Further, while 90% said they’re familiar with multi-factor authentication (MFA), only 52% had implemented it for remote access. This increasingly matters, not only to mitigate cyber-risk but also to reduce insurance premium costs and increase coverage.

Cyber attacks can shut down a company for a long period of time or even put it out of business, and it’s imperative that companies have a plan in place to mitigate any associated operational and financial disruptions.

Effective measures that have proven to reduce the risk of becoming a cyber victim are available, but based on these survey results, not enough companies are taking action. It’s never too late, and these steps can help businesses avoid a devastating cyber-event.

https://www.infosecurity-magazine.com/news/cyberthreats-top-business-big/

• Fired Admin Cripples Former Employer's Network Using Old Credentials

After being laid off, an IT system administrator disrupted the operations of his former employer, a high-profile financial company in Hawaii, hoping to get his job back.

Casey K Umetsu, aged 40, worked as a network admin for the company between 2017 and 2019, when his employer terminated his contract. The US Department of Justice says in a press release that the defendant pled guilty to accessing his former employer's website and making configuration changes to redirect web and email traffic to external computers.

To prolong the business disruption for several more days, Umetsu performed additional actions that essentially locked out the firm's IT team from the website administration panel. In the end, the victimised company learned who was responsible for the sabotage after reporting the cyber security incident to the FBI.

Umetsu is awaiting sentence for his wrongdoings on January 19, 2023. He faces a maximum of 10 years of prison time and a fine of up to $250,000.

While Umetsu's actions are condemnable, the company's security practices cannot be overlooked since Umetsu used credentials that should have been invalidated the moment he got fired.

https://www.bleepingcomputer.com/news/security/fired-admin-cripples-former-employers-network-using-old-credentials/

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Threats

Ransomware and Extortion

• Ransomware data theft tool may show a shift in extortion tactics (bleepingcomputer.com)

• The various ways ransomware impacts your organization - Help Net Security

• New Royal Ransomware emerges in multi-million dollar attacks (bleepingcomputer.com)

• Research: 20% of All Reported Ransomware Attacks Occurred in the Last 12 Months - MSSP Alert

• BlackCat Ransomware Attackers Spotted Fine-Tuning Their Malware Arsenal (thehackernews.com)

• Noberus ransomware gets info-stealing upgrades • The Register

• Personal Data Of Duchess Of York, Clarkson And Attenborough Leaked In Ransomware Attack On Luxury Company (informationsecuritybuzz.com)

• SQL Server admins warned to watch for Fargo ransomware • The Register

• BlackCat/ALPHV Gang Adds Wiper Functionality as Ransomware Tactic (darkreading.com)

• 'Disgruntled insider' shared REvil information with researchers, helped law enforcement (cyberscoop.com)

• Leaked LockBit 3.0 builder used by ‘Bl00dy’ ransomware gang in attacks (bleepingcomputer.com)

• NCC Group: IceFire ransomware gang ramping up attacks (techtarget.com)

• MS SQL servers are getting hacked to deliver ransomware to orgs - Help Net Security

• TAP Air Portugal confirms hack, as Ragnar Locker gang leaks data - including that of Portuguese president (bitdefender.com)

• ‘The Ransomware Hunting Team’: Book Excerpt (nymag.com)

• Hackers Leak French Hospital Patient Data in Ransom Fight | SecurityWeek.Com

• Oxford Health: Cyber attack continues to hit NHS trust's services - BBC News

• LA School District Ransomware Attackers Now Threaten to Leak Stolen Data (darkreading.com)

Phishing & Email Based Attacks

• Phishing activity exploded in Q2 2022 - Help Net Security

• Fake US govt job offers push Cobalt Strike in phishing attacks (bleepingcomputer.com)

• Germany arrests hacker for stealing €4 million via phishing attacks (bleepingcomputer.com)

• Capital One Phish Showcases Growing Bank-Brand Targeting Trend (darkreading.com)

Other Social Engineering; Smishing, Vishing, etc

• How cyber criminals use public online and offline data to target employees | CSO Online

• Beware Revolut frozen card scams sent via SMS text • Graham Cluley

• IRS warns Americans of massive rise in SMS phishing attacks (bleepingcomputer.com)

Malware

• Office exploits continue to spread more than any other category of malware - Help Net Security

• This credit card-stealing malware is spreading like wildfire | Digital Trends

• VMWare Releases Guidance for VirtualPITA, VirtualPIE, and VirtualGATE Malware Targeting vSphere | CISA

• Hacking group hides backdoor malware inside Windows logo image (bleepingcomputer.com)

• Hackers now sharing cracked Brute Ratel post-exploitation kit online (bleepingcomputer.com)

• Cobalt Strike malware campaign targets job seekers (techtarget.com)

• New Botnet 'Chaos' Targeting Linux, Windows Systems (informationsecuritybuzz.com)

• Malware targets VMware users for espionage, Mandiant says • The Register

• Chaos Malware Resurfaces With All-New DDoS & Cryptomining Modules (darkreading.com)

• Microsoft Sway Pages Weaponized to Perform Phishing and Malware Delivery - Infosecurity Magazine (infosecurity-magazine.com)

• Quantum Builder tool helps criminals spread Windows RATs • The Register

• Unit 42 finds polyglot files delivering IcedID malware (techtarget.com)

• Hackers use PowerPoint files for 'mouseover' malware delivery (bleepingcomputer.com)

• Does AI-powered malware exist in the wild? Not yet (techtarget.com)

• Hackers Backdoor Pirated Windows OS With Cryptominer and Xtreme RAT - Infosecurity Magazine (infosecurity-magazine.com)

• New Erbium password-stealing malware spreads as game cracks, cheats (bleepingcomputer.com)

• Lazarus APT continues to target job seekers with macOS malware - Security Affairs

• Hackers Use NullMixer and SEO to Spread Malware More Efficiently - Infosecurity Magazine (infosecurity-magazine.com)

• APT28 relies on PowerPoint Mouseover to deliver Graphite malware - Security Affairs

Mobile

• WhatsApp 0-Day Bug Let Hackers Execute an Arbitary Code Remotely (gbhackers.com)

• Adware on Google Play and Apple Store installed 13 million times (bleepingcomputer.com)

• Samsung facing class action suit after customer data leak • The Register

• Inside a cyber attack method that targets your cellphone - The Washington Post

Internet of Things – IoT

• Embedded IoT security threats and challenges - Help Net Security

• Manufacturers Failing to Address Cyber security Vulnerabilities Liable Under New European Rules - Infosecurity Magazine (infosecurity-magazine.com)

Data Breaches/Leaks

• Watchfinder warns customers that hackers stole their data • Graham Cluley

• Samsung Fails Consumers in Preventable Back-to-Back Data Breaches, According to Federal Lawsuit (darkreading.com)

• Shangri-La hotels Customer Database Hacked | SecurityWeek.Com

• Hacker Behind Optus Breach Releases 10,200 Customer Records in Extortion Scheme (thehackernews.com)

• Australia government wants Optus to pay for data breach | ZDNET

Organised Crime & Criminal Actors

• Ukraine Arrests Cyber Crime Group for Selling Data of 30 Million Accounts (thehackernews.com)

• Middle-class migrant trap as traffickers lure white collar workers into bogus overseas jobs (telegraph.co.uk)

• New hacking group ‘Metador’ lurking in ISP networks for months (bleepingcomputer.com)

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• Scams targeting crypto enthusiasts are becoming increasingly common - Help Net Security

• Chaos Malware Resurfaces With All-New DDoS & Cryptomining Modules (darkreading.com)

• Hackers Backdoor Pirated Windows OS With Cryptominer and Xtreme RAT - Infosecurity Magazine (infosecurity-magazine.com)

• Cyber sleuth alleges $160M Wintermute hack was an inside job (cointelegraph.com)

• Crypto-Thieves Cost Victims 53 Times What They Make - Infosecurity Magazine (infosecurity-magazine.com)

• Preventing Cryptocurrency Cyber Extortion (trendmicro.com)

Insider Risk and Insider Threats

• Recent cases highlight need for insider threat awareness and action | CSO Online

Fraud, Scams & Financial Crime

• Online fraudsters adapt tactics to exploit UK cost of living crisis | UK cost of living crisis | The Guardian

• Identities Stolen From 1 In 4 Internet Users (informationsecuritybuzz.com)

• Fake Sites Siphon Millions of Dollars in 3-Year Scam (darkreading.com)

• Man jailed over involvement in identity theft syndicate that laundered millions of dollars | Crime - Australia | The Guardian

• Here’s how crooks are using deepfakes to scam your biz • The Register

Deepfakes

• Reshaping the Threat Landscape: Deepfake Cyber attacks Are Here (darkreading.com)

• The deepfake danger: When it wasn’t you on that Zoom call | CSO Online

Software Supply Chain

• With the Software Supply Chain, You Can't Secure What You Don't Measure (darkreading.com)

Denial of Service DoS/DDoS

• DDoS Threat Intelligence Report: More Than 6 Million Cyber attacks in First Half of 2022 - MSSP Alert

• Hackers are making DDoS attacks sneakier and harder to protect against | ZDNET

• UK's MI5 website briefly hit by denial of service attack - BBC | Reuters

• Chaos Malware Resurfaces With All-New DDoS & Cryptomining Modules (darkreading.com)

Cloud/SaaS

• Cloud security trends: What makes cloud infrastructure vulnerable to threats? - Help Net Security

• 81% of Companies Suffered A Cloud Security Incident Last Year – (informationsecuritybuzz.com)

• What Lurks in the Shadows of Cloud Security? (darkreading.com)

• The current state of cloud security - Help Net Security

Open Source

• Open source projects under attack, with enterprises as the ultimate targets - Help Net Security

• Microsoft: Lazarus hackers are weaponizing open-source software (bleepingcomputer.com)

• Numerous orgs hacked after installing weaponized open source apps | Ars Technica

Passwords, Credential Stuffing & Brute Force Attacks

• The Country Where You Live Impacts Password Choices (darkreading.com)

• Five Steps to Mitigate the Risk of Credential Exposure (thehackernews.com)

Social Media

• Fake CISO Profiles on LinkedIn Target Fortune 500s – Krebs on Security

• Fake Accounts Are Not Your Friends! (darkreading.com)

• Ofcom chair says tech firms must prioritise safety alongside clicks | Ofcom | The Guardian

• UK may fine TikTok $29 million for failing to protect children's privacy | Reuters

Training, Education and Awareness

• Time to Change Flawed Approach to Security Awareness (darkreading.com)

Parental Controls and Child Safety

• TikTok could face £27m fine for failing to protect children’s privacy | TikTok | The Guardian

Regulations, Fines and Legislation

• Australia flags privacy overhaul after huge cyber attack on Optus | Reuters

Models, Frameworks and Standards

• 10 PCI DSS best practices to weigh as new standard rolls out (techtarget.com)

Spyware, Cyber Espionage & Cyber Warfare, including Russian Invasion of Ukraine

• Cyber Warfare Rife in Ukraine, But Impact Stays in Shadows | SecurityWeek.Com

• Russia prepares massive cyber attacks on the critical infrastructure of Ukraine and its allies - Security Affairs

• State-Sponsored Hackers Likely Exploited MS Exchange 0-Days Against ~10 Organisations (thehackernews.com)

• NCSC: UK Organisations Can Learn from Ukraine’s Impressive Cyber Defences - Infosecurity Magazine (infosecurity-magazine.com)

• Facebook Shuts Down Covert Political 'Influence Operations' from Russia and China (thehackernews.com)

• Mystery hackers are “hyperjacking” targets for insidious spying | Ars Technica

• Cyber espionage group developed backdoors tailored for VMware ESXi hypervisors | CSO Online

• Taiwanese citizens prepare for possible cyber war (axios.com)

• Malware targets VMware users for espionage, Mandiant says • The Register

• Espionage Group Wields Steganographic Backdoor Against Govs, Stock Exchange (darkreading.com)

• Can Kaspersky survive the Ukraine war? - CyberScoop

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Nation State Actors

Nation State Actors – Russia

• Researchers Identify 3 Hacktivist Groups Supporting Russian Interests (thehackernews.com)

• APT28 relies on PowerPoint Mouseover to deliver Graphite malware - Security Affairs

• Meta dismantles massive Russian network spoofing Western news sites (bleepingcomputer.com)

Nation State Actors – China

• Chinese Cyberespionage Group 'Witchetty' Updates Toolset in Recent Attacks | SecurityWeek.Com

• China’s infosec researchers may have dodged vuln report ban` • The Register

Nation State Actors – North Korea

• Lazarus Lures Aspiring Crypto Pros With Fake Exchange Job Postings (darkreading.com)

• Microsoft: Lazarus hackers are weaponizing open-source software (bleepingcomputer.com)

• Lazarus APT continues to target job seekers with macOS malware - Security Affairs

• Lazarus hackers abuse Dell driver bug using new FudModule rootkit (bleepingcomputer.com)

Nation State Actors – Iran

• 'Our Conflict With Iran Is Unparalleled', Say Israel's Elite Cyber Unit Commanders - Israel News - Haaretz.com

• OpIran:Anonymous declares war on Iran amid Mahsa Amini’s death - Security Affairs

Nation State Actors – Misc

• Hunting for Unsigned DLLs to Find APTs (paloaltonetworks.com)

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Vulnerabilities

• Exchange Server zero-day being actively exploited • The Register

• Microsoft Confirms Pair of Blindsiding Exchange Zero-Days, No Patch Yet (darkreading.com)

• Cisco Patches High-Severity Vulnerabilities in Networking Software | SecurityWeek.Com

• Sophos fixes critical code injection bug under exploit • The Register

• Zoho ManageEngine flaw is actively exploited, CISA warns | CSO Online

• Lazarus hackers abuse Dell driver bug using new FudModule rootkit (bleepingcomputer.com)

• Google Quashes 5 High-Severity Bugs With Chrome 106 Update (darkreading.com)

• Critical WhatsApp Bugs Could Have Let Attackers Hack Devices Remotely (thehackernews.com)

• Go Update iOS, Chrome, and HP Computers to Fix Serious Flaws | WIRED

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Reports Published in the Last Week

• 2022 State of Bot Mitigation Report: Growing Majority of Companies (69%) (informationsecuritybuzz.com)

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Other News

• High-Profile Hacks Show Effectiveness of MFA Fatigue Attacks | SecurityWeek.Com

• Poll Of IT Security Pros Suggests Gaps In UK Cyber Defence (informationsecuritybuzz.com)

• Why Organisations Need Both EDR and NDR for Complete Network Protection (thehackernews.com)

• Lessons From the GitHub Cyber Security Breach (darkreading.com)

• Data security trends: 7 statistics you need to know - Help Net Security

• Why does a Legacy WAF Fail to “Catch” Sophisticated Attacks? (informationsecuritybuzz.com)

• Akamai finds 13 million malicious newly observed domains a month | SC Media (scmagazine.com)

• Opinion | The Uber Hack Exposes More Than Failed Data Security - The New York Times (nytimes.com)

• Cyber security Study Sees “Siloed” Security As Organisational Weak Spot - MSSP Alert

• The key differences between a business continuity plan and a disaster recovery plan - Help Net Security

• 3 types of attack paths in Microsoft Active Directory environments - Help Net Security

• 97% of enterprises say VPNs are prone to cyber attacks: Study | CSO Online

• Collaboration in Cyber Security is the Key to Combatting the Growing Cyber Threat. Here’s Why - IT Security Guru

• 65% of companies are considering adopting VPN alternatives - Help Net Security

• Spoofing cyber attack can make cameras see things that aren’t there | New Scientist

• Zero Trust is the Goal But Much Ground Yet to Cover, CompTIA Reports - MSSP Alert

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Sector Specific

Industry specific threat intelligence reports are available.

Contact us to receive tailored reports specific to the industry/sector and geographies you operate in.

·       Automotive

·       Construction

·       Critical National Infrastructure (CNI)

·       Defence & Space

·       Education & Academia

·       Energy & Utilities

·       Estate Agencies

·       Financial Services

·       FinTech

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·       Gaming & Gambling

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·       Health/Medical/Pharma

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·       OT, ICS, IIoT, SCADA & Cyber-Physical Systems

·       Retail & eCommerce

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·       Startups

·       Telecoms

·       Third Sector & Charities

·       Transport & Aviation

·       Web3

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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.

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Black Arrow Cyber Threat Briefing 05 August 2022

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

• Average Cost of Data Breaches Hits Record High of $4.35 Million: IBM

The global average cost of data breaches reached an all-time high of $4.35 million in 2022 compared with $4.24 million in 2021, according to a new IBM Security report. About 60% of the breached organisations raised product and services prices due to the breaches.

The annual report, conducted by Ponemon Institute and analysed and sponsored by IBM Security, is based on the analysis of real-world data breaches experienced by 550 organisations globally between March 2021 and March 2022.

According to the report, about 83% of the organisations have experienced more than one breach in their lifetime, with nearly half of the costs reported to be incurred more than a year after the breach.

The report revealed that ransomware and destructive attacks represented 28% of breaches among the critical infrastructure organisations studied, indicating that threat actors are specifically targeting the sector to disrupt global supply chains. The critical infrastructure sector includes financial services, industrial, transportation, and healthcare companies.

https://www.csoonline.com/article/3668655/average-cost-of-data-breaches-hits-record-high-of-435-million-ibm.html#tk.rss_news

• Researchers Warns of Large-Scale Adversary-in-the-Middle (AiTM) Attacks Targeting Enterprise Users

A new, large-scale phishing campaign has been observed using adversary-in-the-middle (AitM) techniques to get around security protections and compromise enterprise email accounts.

It uses a technique capable of bypassing multi-factor authentication. The campaign is specifically designed to reach end users in enterprises that use Microsoft's email services.

Prominent targets include fintech, lending, insurance, energy, manufacturing, and federal credit union verticals located in the US, UK, New Zealand, and Australia.

This is not the first time such a phishing attack has come to light. Last month, Microsoft disclosed that over 10,000 organisations had been targeted since September 2021 by means of AitM techniques to breach accounts secured with multi-factor authentication (MFA).

The ongoing campaign, effective June 2022, commences with an invoice-themed email sent to targets containing an HTML attachment, which includes a phishing URL embedded within it.

https://thehackernews.com/2022/08/researchers-warns-of-large-scale-aitm.html

• UK NHS Suffers Outage After Cyber Attack on Managed Service Provider

The UK National Health Service (NHS) 111 emergency services were affected by a significant and ongoing outage triggered by a cyber attack that hit the systems of British managed service provider (MSP) Advanced.

Advanced's Adastra client patient management solution, which is used by 85% of NHS 111 services, was hit by a major outage together with several other services provided by the MSP, according to a status page.

"There was a major outage of a computer system that is used to refer patients from NHS 111 Wales to out-of-hours GP providers," the Welsh Ambulance Services said. "This system is used by Local Health Boards to coordinate these services for patients. The ongoing outage is significant and has been far-reaching, impacting each of the four nations in the UK."

The UK public was advised to access the NHS 111 emergency services using the online platform until the incident is resolved.

While no details were provided regarding the nature of the cyber attack, based on the wording, it is likely that this was a ransomware or data extortion attack.

https://www.bleepingcomputer.com/news/security/uk-nhs-suffers-outage-after-cyberattack-on-managed-service-provider/

• A Third of Organisations Experience a Ransomware Attack Once a Week

Ransomware attacks show no sign of slowing. According to new research published by Menlo Security, a third of organisations experience a ransomware attack at least once a week, with one in 10 experiencing them more than once a day.

The research, conducted among 500+ IT security decision makers at US and UK organisations with more than 1,000 employees, highlights the impact this is having on security professionals’ own wellbeing. When asked what keeps them awake at night, 41% of respondents say they worry about ransomware attacks evolving beyond their team’s knowledge and skillset, while 39% worry about them evolving beyond their company’s security capabilities.

Their biggest concern, however, is the risk of employees ignoring corporate security advice and clicking on links or attachments containing malware (46%). Respondents worry more about this than they do their own job security, with just a quarter (26%) of respondents worried about losing their job.

According to the report, around half of organisations (61% US and 44% UK) have been the victim of a successful ransomware attack in the last 18 months, with customers and prospects the most likely entry point for an attack.

Partners/suppliers and employees/contractors are also seen as serious security risks, although one in 10 admit they are unable to identify how the attacks got in. The top three ransomware attack vectors are email (54%), web browsers via a desktop or laptop (49%) and mobile devices (39%).

https://www.helpnetsecurity.com/2022/08/04/organizations-experience-ransomware-attack/

• Ransomware Products and Services Ads on Dark Web Show Clues to Danger

Why is ransomware’s destructive potential so daunting? Some clues are in the “for sale” ads. In an examination of some 35 million dark web URLs, a provider of machine identity management and a forensic specialist found some 475 web pages peddling sophisticated ransomware products and services with a number of high profile crews hawking ransomware-as-a-service.

The work is a joint effort between the Salt Lake City-based Venafi and Forensic Pathways, which took place between November 2021 and March 2022. Researchers used Forensic’s Dark Search Engine to carry out the investigation.

Here are some of the research findings:

• 87% of the ransomware found on the dark web has been delivered via malicious macros to infect targeted systems.

• 30 different “brands” of ransomware were identified within marketplace listings and forum discussions.

• Many strains of ransomware being sold — such as Babuk, GoldenEye, Darkside/BlackCat, Egregor, HiddenTear and WannaCry — have been successfully used in high-profile attacks.

• Ransomware strains used in high-profile attacks command a higher price for associated services. For example, the most expensive listing was $1,262 for a customised version of Darkside ransomware, which was used in the Colonial Pipeline ransomware attack.

• Source code listings for well-known ransomware generally command higher price points. For example, Babuk source code is listed for $950 and Paradise source code is selling for $593.

Ransomware Sold for as Little as $1: In addition to a variety of ransomware at various price points, a wide range of services and tools that help make it easier for attackers with minimal technical skills to launch ransomware attacks are for sale on the dark web, Venafi said. Services with the greatest number of listings include those offering source code, build services, custom development services and ransomware packages that include step-by-step tutorials.

https://www.msspalert.com/cybersecurity-breaches-and-attacks/ransomware/ransomware-products-services-ads-on-dark-web-show-clues-to-danger/

• Wolf In Sheep’s Clothing: How Malware Tricks Users and Antivirus

One of the primary methods used by malware distributors to infect devices is by deceiving people into downloading and running malicious files, and to achieve this deception, malware authors are using a variety of tricks.

Some of these tricks include masquerading malware executables as legitimate applications, signing them with valid certificates, or compromising trustworthy sites to use them as distribution points.

According to VirusTotal, a security platform for scanning uploaded files for malware, some of these tricks are happening on a much larger scale than initially thought.

The platform has compiled a report presenting stats from January 2021 until July 2022, based on the submission of two million files daily, illustrating trends in how malware is distributed.

• Abusing legitimate domains: Distributing malware through legitimate, popular, and high-ranking websites allows threat actors to evade IP-based blocklists, enjoy high availability, and provide a greater level of trust.

• Using stolen code-signing certificates: Signing malware samples with valid certificates stolen from companies is a reliable way to evade AV detection and security warnings on the host. Of all the malicious samples uploaded to VirusTotal between January 2021 and April 2022, over a million were signed, and 87% used a valid certificate.

• Disguised as popular software: Masquerading a malware executable as a legitimate, popular application has seen an upward trend in 2022. Victims download these files thinking they’re getting the applications they need, but upon running the installers, they infect their systems with malware. The most mimicked applications are Skype, Adobe Acrobat, VLC, and 7zip.

• Lacing legitimate installers - Finally, there’s the trick of hiding malware inside legitimate application installers and running the infection process in the background while the real apps execute in the foreground. Based on VirusTotal stats, this practice also appears to be on the rise this year, using Google Chrome, Malwarebytes, Windows Updates, Zoom, Brave, Firefox, ProtonVPN, and Telegram as lures.

https://www.bleepingcomputer.com/news/security/wolf-in-sheep-s-clothing-how-malware-tricks-users-and-antivirus/

• Microsoft Accounts Targeted with New MFA-Bypassing Phishing Kit

A new large-scale phishing campaign targeting credentials for Microsoft email services use a custom proxy-based phishing kit to bypass multi-factor authentication.

Researchers believe the campaign's goal is to breach corporate accounts to conduct BEC (business email compromise) attacks, diverting payments to bank accounts under their control using falsified documents.

The phishing campaign's targets include fin-tech, lending, accounting, insurance, and Federal Credit Union organisations in the US, UK, New Zealand, and Australia.

The campaign was discovered by Zscaler's ThreatLabz researchers, who report that the operation is still ongoing, and the phishing actors register new phishing domains almost daily.

Starting in June 2022, Zscaler's analysts noticed a spike in sophisticated phishing attempts against specific sectors and users of Microsoft email services.

Some of the newly registered domains used in the campaign are typo-squatted versions of legitimate domains.

Notably, many phishing emails originated from the accounts of executives working in these organisations, whom the threat actors most likely compromised earlier.

https://www.bleepingcomputer.com/news/security/microsoft-accounts-targeted-with-new-mfa-bypassing-phishing-kit/

• Cyber Attack Prevention Is Cost-Effective, So Why Aren’t Businesses Investing to Protect?

Cyber attacks like ransomware, BEC scams and data breaches are some of the key issues businesses are facing today, but despite the number of high-profile incidents, many boardrooms are reluctant to free up budget to invest in the cyber security measures necessary to avoid becoming the next victim.

In a Help Net Security interview, Former Pentagon Chief Strategy Officer Jonathan Reiber, VP Cyber security Strategy and Policy, AttackIQ, discusses how now, more than ever, companies need to protect themselves from cyber threat actors. He offers insight for CISOs, from talking to the Board to proper budget allocation.

https://www.helpnetsecurity.com/2022/08/01/cyberattack-prevention-investing/

• Securing Your Move to the Hybrid Cloud

The combination of private and public cloud infrastructure, which most organisations are already using, poses unique security challenges. There are many reasons why organisations adopt the public cloud, from enabling rapid growth without the burden of capacity planning to leveraging flexibility and agility in delivering customer-centric services. However, this use can leave companies open to threats.

Since regulatory requirements or other preferences dictate that certain applications remain on private (on-prem) infrastructure, many organisations choose to maintain a mix of private and public infrastructure. Additionally, organisations typically use multiple cloud providers simultaneously or preserve the option to move between providers. However, this hybrid approach presents unique and diverse security challenges. Different cloud providers and private cloud platforms may offer similar capabilities but different ways of implementing security controls, along with disparate management tools.

The question then becomes: How can an organisation maintain consistent governance, policy enforcement and controls across different clouds? And how can it ensure that it maintains its security posture when moving between them? Fortunately, there are steps professionals can take to ensure that applications are continuously secure, starting from the early stages of development and extending throughout the lifecycle.

https://threatpost.com/secure-move-cloud/180335/

• Lessons from the Russian Cyber Warfare Attacks

Cyber warfare tactics may not involve tanks and bombs, but they often go hand-in-hand with real combat.

The Russian invasion of Ukraine is a prime example. Before Russian troops crossed the border, Russian hackers had already taken down Ukrainian government websites. And after the conflict started, the hacktivist group Anonymous turned the tables by hacking Russian media to shut down propaganda about the war.

In these unprecedented times of targeted attacks against governments and financial institutions, every organisation should be on heightened alert about protecting their critical infrastructure and digital attack surface.

With the Russia-Ukraine conflict as a backdrop, two Trend Micro security experts recently discussed cyber warfare techniques and how they’re an important reminder for every business to proactively manage cyber risk.

https://www.trendmicro.com/en_us/ciso/22/h/russian-cyber-warfare-attacks.html

• Four Sneaky Attacker Evasion Techniques You Should Know About

Remember those portrayals of hackers in the 80s and 90s where you just knew when you got pwned? A blue screen of death, a scary message, a back-and-forth text exchange with a hacker—if you got pwned in a movie in the 80s and 90s, you knew it right off the bat.

What a shame that today’s hackers have learned to be quiet when infiltrating an environment. Sure, “loud” attacks like ransomware still exist, but threat actors have learned that if they keep themselves hidden, they can usually do far more damage. For hackers, a little stealth can go a long way. Some attack tactics are inherently quiet, making them arguably more dangerous as they can be harder to detect. Here are four of these attack tactics you should know about.

1. Trusted Application Abuse: Attackers know that many people have applications that they inherently trust, making those trusted applications the perfect launchpad for cyber attacks. Threat actors know that defenders and the tools they use are often on the hunt for new malware presenting itself in environments. What isn’t so easy to detect is when the malware masquerades under legitimate applications.

2. Trusted Infrastructure Abuse: Much like trusted application abuse, trusted infrastructure abuse is the act of using legitimate, publicly hosted services and toolsets (such as Dropbox or Google Drive) as part of the attack infrastructure. Threat actors know that people tend to trust Dropbox and Google Drive. As a result, this makes these tools a prime means for threat actors to carry out malicious activity. Threat actors often find trusted infrastructure abuse easy because these services aren’t usually blocked at an enterprise’s gateway. In turn, outbound communications can hide in plain sight.

3. Obfuscation: Although cyber security has more than its fair share of tedious acronyms, the good news is that many terms can be broken down by their generic dictionary definitions. According to dictionary.com, this is what obfuscate means: “To make something unclear, obscure or difficult to understand.” And that’s exactly what it means in cyber security: finding ways to conceal malicious behaviour. In turn, this makes it more difficult for analysts and the tools they use to flag suspicious or malicious activity.

4. Persistence: Imagine writing up documentation using your computer, something you may well do in your role. You’ve spent a ton of time doing the research required, finding the right sources and compiling all your information into a document. Now, imagine not hitting save on that document and losing it as soon as you reboot your computer. Sound like a nightmare—or perhaps a real anxiety-inducing experience you’ve been through before? Threat actors agree. And that’s why they establish persistence. They don’t want all of their hard work to get into your systems in the first place to be in vain just because you restart your computer. They establish persistence to make sure they can still hang around even after you reboot.

https://www.msspalert.com/cybersecurity-guests/four-sneaky-attacker-evasion-techniques-you-should-know-about/

• Zero-Day Defence: Tips for Defusing the Threat

Because they leave so little time to patch and defuse, zero-day threats require a proactive, multi-layered approach based on zero trust.

The recent Atlassian Confluence remote code execution bug is just the latest example of zero-day threats targeting critical vulnerabilities within major infrastructure providers. The specific threat, an Object-Graph Navigation Language (OGNL) injection, has been around for years but took on new significance given the scope of the Atlassian exploit. And OGNL attacks are on the rise.

Once bad actors find such a vulnerability, proof-of-concept exploits start knocking at the door, seeking unauthenticated access to create new admin accounts, execute remote commands, and take over servers. In the Atlassian case, Akamai's threat research team identified that the number of unique IP addresses attempting these exploits grew to more than 200 within just 24 hours.

Defending against these exploits becomes a race against time worthy of a 007 movie. The clock is ticking and you don't have much time to implement a patch and "defuse" the threat before it's too late. But first you need to know that an exploit is underway. That requires a proactive, multi-layered approach to online security based on zero trust.

What do these layers look like? There are a number of different practices that security teams — and their third-party Web application and infrastructure partners — should be aware of.

https://www.darkreading.com/attacks-breaches/zero-day-defense-tips-for-defusing-the-threat

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Threats

Ransomware

• Reported ransomware attacks are just the tip of the iceberg. That's a problem for everyone | ZDNet

• Initial Access Brokers - Key to Rise In Ransomware Attacks (informationsecuritybuzz.com)

• Ransomware gangs are hitting roadblocks, but aren't stopping (yet) - Help Net Security

• SonicWall: Ransomware Global Cyber Attack Volume Shrinks, Still Exceeds Totals for 2017-2019 - MSSP Alert

• 87% of the ransomware found on the dark web has been delivered via malicious macros - Help Net Security

• LockBit Ransomware Abuses Windows Defender for Payload Loading | SecurityWeek.Com

• German Chambers of Industry and Commerce hit by 'massive' cyber attack (bleepingcomputer.com)

• Brand-New HavanaCrypt Ransomware Poses as Google Software Update App Uses Microsoft Hosting Service IP Address as C&C Server (trendmicro.com)

• Ransomware Task Force releases SMB blueprint for defence and mitigation (scmagazine.com)

• Prepare for ransomware before you're hit • The Register

• German semiconductor giant Semikron says hackers encrypted its network | TechCrunch

• Ransomware Hit on European Pipeline & Energy Supplier Encevo Linked to BlackCat (darkreading.com)

• Luxembourg Energy Company Hit by Ransomware | SecurityWeek.Com

• Spanish research agency still recovering after ransomware attack (bleepingcomputer.com)

Phishing & Email Based Attacks

• Countdown Clock Puts Pressure on Phishing Targets - Infosecurity Magazine

• The most impersonated brand in phishing attacks? Microsoft - Help Net Security

• Open Redirect Flaw Snags Amex, Snapchat User Data | Threatpost

• American Express, Snapchat Open-Redirect Vulnerabilities Exploited in Phishing Scheme (darkreading.com)

• A new malware threat is spying on users' Gmail inbox — do this before you're next | Laptop Mag

• Massive New Phishing Campaign Targets Microsoft Email Service Users (darkreading.com)

• North Korean Hackers Use Browser Extension to Spy on Gmail and AOL Accounts - Infosecurity Magazine

Other Social Engineering; SMishing, Vishing, etc

• US FCC warns of the rise of smishing attacks - Security Affairs

Malware

• VirusTotal Reveals Most Impersonated Software in Malware Attacks (thehackernews.com)

• Gootkit Loader Resurfaces with Updated Tactic to Compromise Targeted Computers (thehackernews.com)

• Woody RAT: A new feature-rich malware spotted in the wild | Malwarebytes Labs

• VirusTotal: Threat Actors Mimic Legitimate Apps, Use Stolen Certs to Spread Malware (darkreading.com)

• New IoT RapperBot Malware Targeting Linux Servers via SSH Brute-Forcing Attack (thehackernews.com)

• New Linux malware brute-forces SSH servers to breach networks (bleepingcomputer.com)

• Credential Stealer Malware Raccoon Updated to Obtain Passwords More Efficiently - Infosecurity Magazine

• Attackers cause Discord discord with malicious npm packages • The Register

• Gootkit AaaS malware is still active and uses updated tactics - Security Affairs

Mobile

• Facebook finds new Android malware used by APT hackers (bleepingcomputer.com)

• Google Patches Critical Android Bluetooth Flaw in August Security Bulletin - Infosecurity Magazine

• Banking trojan finds new routes to accounts by infiltrating Google Play Store (scmagazine.com)

Internet of Things – IoT

• A Digital Home Has Many Open Doors (darkreading.com)

• All the Data Amazon's Ring Cameras Collect About You | WIRED

Organised Crime & Criminal Actors

• Thousands of hackers flock to 'Dark Utilities' C2-as-a-Service (bleepingcomputer.com)

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• Phishing campaign targets Coinbase wallet holders to steal cryptocurrency in real-time - Help Net Security

• Nearly $200 Million Stolen from Cryptocurrency Bridge Nomad | SecurityWeek.Com

• Crypto firm that promised security loses $200 million in 'frenzied free-for-all' hack | PC Gamer

• Nomad to crooks: Keep 10% as a bounty, return the rest • The Register

• Cyber attackers Drain Nearly $6M From Solana Crypto Wallets (darkreading.com)

• Man robbed of $800,000 in cryptocurrency sues Google • The Register

Insider Risk and Insider Threats

• T-Mobile Store Owner Made $25M Using Stolen Employee Credentials (darkreading.com)

Fraud, Scams & Financial Crime

• UK Branded Europe’s “Capital of Card Fraud” - Infosecurity Magazine

• Huge network of 11,000 fake investment sites targets Europe (bleepingcomputer.com)

• Online payment fraud losses accelerate at an alarming rate - Help Net Security

• COMMENT: 'Hi Mum, Hi Dad' Scams On The Rise - Britons Already (informationsecuritybuzz.com)

• Increase in Fake Tickets Being Sold by Cyber criminals on Social Media - IT Security Guru

AML/CFT/Sanctions

• Robinhood Crypto Penalized $30M for Violating NY Cybersecurity Regulations | SecurityWeek.Com

Dark Web

• A Ransomware Explosion Fosters Thriving Dark Web Ecosystem (darkreading.com)

• The popularity of Dark Utilities 'C2-as-a-Service' rapidly increases - Security Affairs

Software Supply Chain

• Now is the time to focus on software supply chain security improvements - Help Net Security

Cloud/SaaS

• Cyber attackers Increasingly Target Cloud IAM as a Weak Link (darkreading.com)

• What Worries Security Teams About the Cloud? (darkreading.com)

• Who Has Control: The SaaS App Admin Paradox (thehackernews.com)

• Enterprises face a multitude of barriers to securing diverse cloud environments - Help Net Security

Open Source

• New Linux malware brute-forces SSH servers to breach networks (bleepingcomputer.com)

Passwords, Credential Stuffing & Brute Force Attacks

• Hackers stole passwords for accessing 140,000 payment terminals | TechCrunch

• Credential Canaries Create Minefield for Attackers (darkreading.com)

• 5 reasons why businesses should never use consumer-grade password managers | TechRadar

Social Media

• Hackers Exploit Twitter Vulnerability to Exposes 5.4 Million Accounts (thehackernews.com)

• Parliament shuts down TikTok account over China data security concerns (telegraph.co.uk)

• Over 3,200 Apps Leak Twitter API Keys, Some Allowing Account Hijacks (informationsecuritybuzz.com)

• Increase in Fake Tickets Being Sold by Cyber criminals on Social Media - IT Security Guru

Privacy

• DuckDuckGo browser now blocks all Microsoft trackers, most of the time (bleepingcomputer.com)

Cyber Bullying and Cyber Stalking

• Australia charges dev of Imminent Monitor RAT used by domestic abusers (bleepingcomputer.com)

Regulations, Fines and Legislation

• Most companies are unprepared for CCPA and GDPR compliance - Help Net Security

• Data privacy: Collect what you need, protect what you collect | CSO Online

• India scraps data protection law, promises better successor • The Register

Spyware, Cyber Espionage & Cyber Warfare, including Russian Invasion of Ukraine

• Austrian Investigation Reveals Spyware Targeting Law Firms, Finance Institutions - Infosecurity Magazine

• Ukraine takes down 1,000,000 bots used for disinformation (bleepingcomputer.com)

• Nancy Pelosi ties Chinese cyber-attacks to Taiwan visit • The Register

• Spanish Research Center Suffers Cyber attack Linked to Russia | SecurityWeek.Com

• Russian organisations attacked with new Woody RAT malware (bleepingcomputer.com)

• Greek intelligence spied on journalist with a surveillance spyware - Security Affairs

• Rare Pegasus screenshots depict NSO Group's spyware capabilities | AppleInsider

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Nation State Actors

Nation State Actors – Russia

• Double Whammy: Russian Hackers Launch Cyber Attacks On Lockheed Martin; Armed Forces Hack Into HIMARS -- Reports (eurasiantimes.com)

• Ukraine Shutters Major Russian Bot Farm - Infosecurity Magazine

Nation State Actors – China

• Chinese hackers use new Cobalt Strike-like attack framework (bleepingcomputer.com)

• Massive China-Linked Disinformation Campaign Taps PR Firm for Help (darkreading.com)

• Parliament shuts down TikTok account over China data security concerns (telegraph.co.uk)

• China, Huawei, and the eavesdropping threat | CSO Online

• Global network of fake news sites push Chinese propaganda, researchers find - CyberScoop

• Taiwanese military reports DDoS in wake of US Speaker visit • The Register

Nation State Actors – North Korea

• Cyber crime a Key Revenue Stream For North Korea's Weapons Program - Infosecurity Magazine (infosecurity-magazine.com)

• North Korean Hackers Use Browser Extension to Spy on Gmail and AOL Accounts - Infosecurity Magazine (infosecurity-magazine.com)

Nation State Actors – Iran

• Iranian Hackers Likely Behind Disruptive Cyber attacks Against Albanian Government (thehackernews.com)

• Disruptive Cyber attacks on NATO Member Albania Linked to Iran | SecurityWeek.Com

Nation State Actors – Misc APT

• Twitter breach exposes anonymous accounts to nation state hackers - CyberScoop

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Vulnerabilities

• VMware urges admins to patch critical auth bypass bug immediately (bleepingcomputer.com)

• Critical RCE Bug in DrayTek Routers Opens SMBs to Zero-Click Attacks (darkreading.com)

• Cisco fixes critical remote code execution bug in VPN routers (bleepingcomputer.com)

• F5 Fixes 21 Vulnerabilities With Quarterly Security Patches | SecurityWeek.Com

• High-Severity Bug in Kaspersky VPN Client Opens Door to PC Takeover (darkreading.com)

• Hackers Exploit Atlassian Confluence Vulnerability to Deploy New 'Ljl' Backdoor - Infosecurity Magazine

• Slack Resets Passwords After a Bug Exposed Hashed Passwords for Some Users (thehackernews.com)

• VMware Releases Patches for Several New Flaws Affecting Multiple Products (thehackernews.com)

• Hackers are actively exploiting password-stealing flaw in Zimbra (bleepingcomputer.com)

• Google fixed Critical Remote Code Execution flaw in Android - Security Affairs

• CISA adds Zimbra bug to Known Exploited Vulnerabilities Catalogue - Security Affairs

• Warning! Critical flaws found in US Emergency Alert System • The Register

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Sector Specific

Industry specific threat intelligence reports are available.

Contact us to receive tailored reports specific to the industry/sector and geographies you operate in.

·       Automotive

·       Construction

·       Critical National Infrastructure (CNI)

·       Defence & Space

·       Education & Academia

·       Energy & Utilities

·       Estate Agencies

·       Financial Services

·       FinTech

·       Food & Agriculture

·       Gaming & Gambling

·       Government & Public Sector (including Law Enforcement)

·       Health/Medical/Pharma

·       Hotels & Hospitality

·       Insurance

·       Legal

·       Manufacturing

·       Maritime

·       Oil, Gas & Mining

·       OT, ICS, IIoT, SCADA & Cyber-Physical Systems

·       Retail & eCommerce

·       Small and Medium Sized Businesses (SMBs)

·       Startups

·       Telecoms

·       Third Sector & Charities

·       Transport & Aviation

·       Web3

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Other News

• APIs attacked in 94% of companies in past year - IT Security Guru

• Over 60% of Organisations Expose SSH to the Internet - Infosecurity Magazine

• How IT and security teams can work together to improve endpoint security - Microsoft Security Blog

• Burnout and attrition impact tech teams sustaining modern digital systems - Help Net Security

• Machine learning creates a new attack surface requiring specialized defences - Help Net Security

• Cyber security lessons learned from COVID-19 pandemic (techtarget.com)

• 10 enterprise database security best practices (techtarget.com)

• Resolving Availability vs. Security, a Constant Conflict in IT (thehackernews.com)

• Tips to prevent RDP and other remote attacks on Microsoft networks | CSO Online

• 5 ways to unite security and compliance | CSO Online

• The Myth of Protection Online — and What Comes Next (darkreading.com)

• The Importance of Data Security in the Enterprise (techtarget.com)

• Who Needs Macros? | Threat Actors Pivot to Abusing Explorer and Other LOLBins via Windows Shortcuts - SentinelOne

• How IT Teams Can Use 'Harm Reduction' for Better Cyber security Outcomes (darkreading.com)

• Businesses lack visibility into run-time threats against mobile apps and APIs - Help Net Security

• Browser synchronization abuse: Bookmarks as a covert data exfiltration channel - Help Net Security

• Threats emanating from digital ecosystems can be a blind spot for businesses - Help Net Security

• Busting the Myths of Hardware Based Security - Security Affairs

• New Traffic Light Protocol standard released after five years (bleepingcomputer.com)

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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 ‘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.

Black Arrow Cyber Threat Briefing 03 June 2022

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

• Turbulent Cyber Insurance Market Sees Rising Prices And Sinking Coverage

As insurers and brokers reckon with unexpected losses, they're charging more for policies and setting higher requirements.

Chaos reigns in the cyber insurance market. Brokers and cyber insurance carriers — the companies that actually offer the policies — are tightening requirements on what applicants need to do to obtain policies due to losses the insurers have suffered from ransomware coverage. During the past year, premiums grew 18% in the first quarter of 2021 and were up 34% in the fourth quarter of 2021, according to Jess Burn, senior analyst at Forrester.

Organisations often find they cannot obtain cyber insurance, are not being renewed for coverage they already have, or are faced with soaring prices and shrinking coverage. Despite the value many organisations put on cyber insurance — in some cases, they're required to carry it to comply with regulations — obtaining such policies is getting more difficult.

While raising premiums, some insurers are reducing coverage. If an organisation bought $10 million worth of coverage for a given price in 2021, for example, renewing that policy in 2022 might see the coverage amount fall to $3 million and the premiums for that lower coverage rise. This phenomenon is due, in part, to insurers trying to strike the right balance of customers' risk profile versus their risk-mitigation efforts.

https://www.darkreading.com/edge-articles/turbulent-cyber-insurance-market-sees-rising-prices-and-sinking-coverage

• Ransomware Attacks Still The #1 Threat To Businesses And Organisations

In 2021, ransomware attacks continued to be one of the most prominent threats targeting businesses and organisations worldwide.

High-profile attacks disrupted operations of companies in various sectors.

For example, the Colonial Pipeline attack interrupted critical infrastructure, the JBS Foods attack influenced food processing, and the CNA breach disrupted the insurance industry.

Following the attacks, pressure of law enforcement on ransomware gangs intensified, though simultaneously these threat actors continued to evolve.

They are not only becoming more technologically sophisticated but are also extensively leveraging the growing cyber crime ecosystem looking to find new partners, services and tools for their operations.

https://www.helpnetsecurity.com/2022/05/30/ransomware-trends-video/

• Third Of UK Firms Have Experienced A Security Breach Since 2020

Cyber threats are behind soaring fraud and economic crime in the UK, where rates are now second only globally to South Africa, according to PwC.

The consulting giant’s latest Global Economic Crime Survey revealed that nearly two-thirds (64%) of UK businesses experienced fraud, corruption or other economic/financial crime during the past 24 months, a significant increase on the 56% recorded in 2020, and 50% in 2018.

It’s also much higher than the 2022 global average of 46%, PwC said.

Cyber crime was the most commonly reported fraud type, although figures here dropped from 42% in 2020 to 32% in 2022. Included for the first time in the report, supply chain incidents accounted for 19%.

Most (51%) reported fraud cases in the UK were traced back to external parties, versus just 43% globally. The top three culprits were cited as customers, hackers and vendors/suppliers.

https://www.infosecurity-magazine.com/news/third-uk-security-breach-2020/

• There Is No Good Digital Transformation Without Cyber Security

Network engineers and CIOs agree that cyber security issues represent the biggest risk for organisations that fail to put networks at the heart of digital transformation plans. According to research commissioned by Opengear, 53% of network engineers and 52% of CIOs polled in the US, UK, France, Germany, and Australia rank cyber security among the list of their biggest risks.

The concerns are fuelled by an escalating number of cyber attacks. In fact, 61% of CIOs report an increase in cyber security attacks/breaches from 2020-21 compared to the preceding two years. For digital transformation of networking, 70% of network engineers say security is the most important focus area, and 31% say network security is their biggest networking priority.

Digital transformation is a priority, but cyber security risk remains. CIOs also understand the importance of the issues. 51% of network engineers say their CIOs have consulted them on investments to deliver digital transformation plans, the highest priority in the survey.

What’s more, 41% of CIOs rank cyber security among their organisation’s most important investment priorities over the next year, with 35% stating it is among the biggest over the next five years. In both cases, cyber security ranks higher than any other factor.

https://www.helpnetsecurity.com/2022/05/31/digital-transformation-cybersecurity-risk/

• Ransomware Gang Now Hacks Corporate Websites To Show Ransom Notes

A ransomware gang is taking extortion to a new level by publicly hacking corporate websites to publicly display ransom notes.

This new extortion strategy is being conducted by Industrial Spy, a data extortion gang that recently began using ransomware. As part of their attacks, Industrial Spy will breach networks, steal data, and deploy ransomware on devices. The threat actors then threaten to sell the stolen data on their Tor marketplace if a ransom is not paid.

When ransomware gangs extort a victim, they typically give them a short window, usually a few weeks, to negotiate and pay a ransom before they start leaking data.

During this negotiation process, the threat actors promise to keep the attack secret, provide a decryption key, and delete all data if a ransom is paid.

After this period, the threat actors will use various methods to increase pressure, including DDoS attacks on corporate websites, emailing customers and business partners, and calling executives with threats.

These tactics are all done privately or with minimal exposure on their data leak sites, which are usually only visited by cyber security researchers and the media.

However, this is the first time we have seen a ransomware gang defacing a website to very publicly display a ransom note.

https://www.bleepingcomputer.com/news/security/ransomware-gang-now-hacks-corporate-websites-to-show-ransom-notes/

• Attackers Are Leveraging Follina, A Critical Microsoft Windows Vulnerability Affecting Nearly All Versions of Windows and Windows Server. What Can You Do?

As the world is waiting for Microsoft to push out a patch for CVE-2022-30190, aka “Follina”, attackers around the world are exploiting the vulnerability in a variety of campaigns.

Microsoft has described CVE-2022-30190 as a Microsoft Windows Support Diagnostic Tool (MSDT) remote code execution vulnerability, confirmed it affects an overwhelming majority of Windows and Windows Server versions, and advised on a workaround to be implemented until a patch is ready.

https://www.helpnetsecurity.com/2022/06/03/patch-cve-2022-30190/

• Ransomware Attacks Need Less Than Four Days To Encrypt Systems

The duration of ransomware attacks in 2021 averaged 92.5 hours, measured from initial network access to payload deployment. In 2020, ransomware actors spent an average of 230 hours to complete their attacks and 1637.6 hours in 2019.

This change reflects a more streamlined approach that developed gradually over the years to make large-scale operations more profitable.

At the same time, improvements in incident response and threat detection have forced threat actors to move quicker, to leave defenders with a smaller reaction margin.

The data was collected by researchers at IBM's X-Force team from incidents analysed in 2021. They also noticed a closer collaboration between initial access brokers and ransomware operators.

Previously, network access brokers might wait for multiple days or even weeks before they found a buyer for their network access.

In addition, some ransomware gangs now have direct control over the initial infection vector, an example being Conti taking over the TrickBot malware operation.

Malware that breaches corporate networks is quickly leveraged to enable post-exploitation stages of the attack, sometimes completing its objectives in mere minutes.

https://www.bleepingcomputer.com/news/security/ransomware-attacks-need-less-than-four-days-to-encrypt-systems/

• 57% Of All Digital Crimes In 2021Were Scams

Group-IB shares its analysis of the landscape of the most widespread cyber threat in the world: scams. Accounting for 57% of all financially motivated cyber crime, the scam industry is becoming more structured and involves more and more parties divided into hierarchical groups.

The number of such groups jumped to a record high of 390, which is 3.5 times more than last year, when the maximum number of active groups was close to 110. Due to SaaS (Scam-as-a-Service), in 2021 the number of cyber criminals in one scam gang increased 10 times compared to 2020 and now reaches 100.

Traffic has become the circulatory system of scam projects: researchers emphasise that the number of websites used for purchasing and providing “grey” and illegal traffic and that lure victims into fraudulent schemes has increased by 1.5 times. Scammers are going into 2022 on a new level of scam attack automation: no more non-targeted users. Scammers are now attracting specific groups of victims to increase conversion rates. Social media are more often becoming the first point of contact between scammers and their potential victims.

https://www.helpnetsecurity.com/2022/05/31/scams-widespread-cyber-threat/

• Intelligence Is Key To Strategic Business Decisions

Businesses have a growing need for greater relevance in the intelligence they use to inform critical decision-making. Currently just 18% of professionals responsible for security, risk, or compliance in their organisation feel that the intelligence they receive is “very specific and focused on their business”, a S-RM research reveals.

6 in 10 respondents also say the intelligence they receive takes too much time to analyse, meaning it does not always result in better informed decision making. This was the top reason behind dissatisfaction with external intelligence, identified by over 200 professionals working at companies with revenues of over $250 million.

The second most likely reason was that information was not tailored to business needs (47%), followed by too much information (35%).

Growing demand for the use of strategic intelligence has been prompted by increasing cyber (51%) and regulatory concerns (50%). And while these two factors have been climbing the boardroom agenda for years, geopolitical uncertainty has made the need to respond to these developments more acute. In particular, the Russia-Ukraine conflict has created a complex sanctions regime for businesses to operate.

Additionally, navigating the complexities of the COVID-19 pandemic has been a key challenge for businesses in the past three years, with 40% citing this as a catalyst in driving a growing need for strategic intelligence.

https://www.helpnetsecurity.com/2022/06/03/intelligence-decision-making/

• How Cyber Criminals Are Targeting Executives At Home And Their Families

Top executives and their families are increasingly being targeted on their personal devices and home networks, as sophisticated threat actors look for new ways to bypass corporate security and get direct access to highly sensitive data.

https://www.helpnetsecurity.com/2022/06/01/cybercriminals-targeting-executives-video/

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Threats

Ransomware

• Cyber criminals Expand Attack Radius and Ransomware Pain Points | Threatpost

• FBI, CISA warn: Don't get caught in Karakurt's web • The Register

• Conti ransomware targeted Intel firmware for stealthy attacks (bleepingcomputer.com)

• GoodWill Ransomware victims have to perform socially driven activities to decryption their dataSecurity Affairs

• YourCyanide Ransomware Propagates With PasteBin, Discord, Microsoft Links (darkreading.com)

• Conti Leaks Reveal Ransomware Gang's Interest in Firmware-based Attacks (thehackernews.com)

• Evil Corp switches to LockBit ransomware to evade sanctions (bleepingcomputer.com)

• Ransomware attack sends New Jersey county back to 1977 • The Register

• Ransomware roundup: System-locking malware dominates headlines | CSO Online

• What if ransomware evolved to hit IoT in the enterprise? • The Register

• How Costa Rica found itself at war over ransomware | CSO Online

• Experts warn of ransomware attacks on government orgs of small states - Security Affairs

• Foxconn confirms ransomware attack disrupted production in Mexico (bleepingcomputer.com)

• Hanesbrands says it suffered a ransomware attack on May 24 and has informed law enforcement - MarketWatch

• Why Ransomware Timeline Shrinks By 94%? – Information Security Buzz

• Hundreds of Elasticsearch databases targeted in ransom attacks (bleepingcomputer.com)

BEC – Business Email Compromise

• Why Stopping Business Email Compromise (BEC) Needs To Be A Priority For MSPs - MSSP Alert

• Language-based BEC attacks rising - Help Net Security

Phishing & Email Based Attacks

• Watch out for phishing emails that inject spyware trio • The Register

• Existential Phishing Schemes | The New Yorker

• Telegram’s blogging platform abused in phishing attacks (bleepingcomputer.com)

Other Social Engineering

• Hacker steals Verizon employee database after tricking worker into granting remote access (bitdefender.com)

• Vishing attacks: What they are and how organisations can protect themselves - Help Net Security

• Beware the Smish! Home delivery scams with a professional feel… – Naked Security (sophos.com)

Malware

• New XLoader Botnet Version Using Probability Theory to Hide its C&C Servers (thehackernews.com)

• LuoYu APT delivers WinDealer malware via man-on-the-side attacks - Security Affairs

• EnemyBot malware adds enterprise flaws to exploit arsenal • The Register

• Researchers Uncover Malware Controlling Thousands of Sites in Parrot TDS Network (thehackernews.com)

• Logic bombs explained: Definition, examples, and prevention | CSO Online

Mobile

• Top 10 Android banking trojans target apps with 1 billion downloads (bleepingcomputer.com)

• WhatsApp accounts hijacked by call forwarding | Malwarebytes Labs

• SideWinder Hackers Use Fake Android VPN Apps to Target Pakistani Entities (thehackernews.com)

• SMSFactory Android malware sneakily subscribes to premium services (bleepingcomputer.com)

• Phishers Having a Field Day on WhatsApp, Telegraph (darkreading.com)

• Apple blocked 1.6 millions apps from defrauding users in 2021 (bleepingcomputer.com)

Organised Crime & Criminal Actors

• FBI warns of Ukrainian charities impersonated to steal donations (bleepingcomputer.com)

• Euro Cops Bust $47m Money Laundering Operation - Infosecurity Magazine (infosecurity-magazine.com)

• Three Nigerian Users of Agent Tesla RAT Arrested | SecurityWeek.Com

Cryptocurrency/Cryptomining/Cryptojacking/NFTs

• Americans report losing over $1 billion to cryptocurrency scams (bleepingcomputer.com)

• Clipminer malware gang stole $1.7M by hijacking crypto payments (bleepingcomputer.com)

• Bored Ape Yacht Club, Otherside NFTs stolen in Discord server hack (bleepingcomputer.com)

• WatchDog hacking group launches new Docker cryptojacking campaign (bleepingcomputer.com)

Fraud, Scams & Financial Crime

• $39.5 billion lost to phone scams in last year - Help Net Security

• Fast loan scam: Here's how it works and why Lloyds Bank has put out an urgent warning | This is Money

• Britain's biggest bank issues 'urgent warning' over new scam (telegraph.co.uk)

• Scams account for most of all financially motivated cyber crime - Help Net Security

AML/CFT/Sanctions

• Evil Corp Pivots LockBit to Dodge US Sanctions | Threatpost

Supply Chain and Third Parties

• To better manage cyber security risk, extend zero-trust principles to third parties | TechCrunch

Denial of Service DoS/DDoS

• DDoS threats growing in sophistication, size, and frequency - Help Net Security

• DDoS attackers continue to innovate, devising new threats and altering attack strategies - Help Net Security

Open Source

• Linux malware is on the rise—6 types of attacks to look for | CSO Online

• The Open Source Software Security Mobilization Plan: Takeaways for security leaders | CSO Online

Privacy

• Vodafone plans carrier-level user tracking for targeted ads (bleepingcomputer.com)

• Europe's hope to scan devices for unlawful files criticized • The Register

Passwords & Credential Stuffing

• Why are many businesses still not using a password manager? - Help Net Security

Regulations, Fines and Legislation

• ExpressVPN Removes Servers in India After Refusing to Comply with Government Order (thehackernews.com)

Spyware, Espionage & Cyber Warfare, including Russian Invasion of Ukraine

• NSA general confirms US offensive cyber ops in Ukraine war • The Register

• Deadly Secret: Electronic Warfare Shapes Russia-Ukraine War | SecurityWeek.Com

• Anonymous: Operation Russia after 100 days of war - Security Affairs

• Chinese LuoYu hackers deploy cyber-espionage malware via app updates (bleepingcomputer.com)

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Nation State Actors

Nation State Actors – Russia

• Germany issues fresh warning to banks of cyber attacks due to Ukraine war | Reuters

Nation State Actors – China

• China-linked TA413 group actively exploits Microsoft Follina Zero-Day flawSecurity Affairs

• Chinese state media propaganda found in 88% of Google, Bing news searches - CyberScoop

• Chinese LuoYu Hackers Using Man-on-the-Side Attacks to Deploy WinDealer Backdoor (thehackernews.com)

• How Beijing’s surveillance cameras crept into Britain’s corridors of power (telegraph.co.uk)

Nation State Actors – North Korea

• The day the NHS was held to ransom by North Korean cyber hackers (telegraph.co.uk)

Nation State Actors – Iran

• Microsoft Disables Iran-Linked Lebanese Hacking Group Polonium (darkreading.com)

• Iranian hackers planned attack on Boston Children's Hospital last summer, FBI director says - CyberScoop

Nation State Actors – Misc APT

• Microsoft blocks Polonium hackers from using OneDrive in attacks (bleepingcomputer.com)

• Snake carried out over 1,000 attacks since April 2020 - Security Affairs

• SideWinder Hackers Launched Over a 1,000 Cyber Attacks Over the Past 2 Years (thehackernews.com)

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Vulnerability Management

• Focus resources on patching most threatening vulns: research • The Register

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Vulnerabilities

• CISA adds 75 vulnerabilities to catalogue in 3 days- IT Security Guru

• Fighting Follina: Application Vulnerabilities and Detection Possibilities (darkreading.com)

• Yet another zero-day (sort of) in Windows “search URL” handling – Naked Security (sophos.com)

• Microsoft Releases Workarounds for Office Vulnerability Under Active Exploitation (thehackernews.com)

• Actively Exploited Atlassian Zero-Day Bug Allows Full System Takeover (darkreading.com)

• Microsoft Azure vulnerabilities pose new cloud security risk - Protocol

• GitLab Issues Security Patch for Critical Account Takeover Vulnerability (thehackernews.com)

• New Unpatched Horde Webmail Bug Lets Hackers Take Over Server by Sending Email (thehackernews.com)

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Sector Specific

Financial Services Sector

• Germany issues fresh warning to banks of cyber attacks due to Ukraine war | Reuters

Government

• Experts warn of ransomware attacks on government orgs of small states - Security Affairs

Health/Medical/Pharma Sector

• Twice as Many Healthcare Organisations Now Pay Ransom - Infosecurity Magazine

• Novartis says no sensitive data was compromised in cyber attack (bleepingcomputer.com)

• Costa Rica’s public health agency hit by Hive ransomware (bleepingcomputer.com)

Transport and Aviation

• Turkish airline suffers 6.5TB data leak - IT Security Guru

CNI, OT, ICS, IIoT and SCADA

• Vendor Refuses to Remove Backdoor Account That Can Facilitate Attacks on Industrial Firms | SecurityWeek.Com

• Industrial IoT ransomware attacks control systems directly (scmagazine.com)

• Researchers Demonstrate Ransomware for IoT Devices That Targets IT and OT Networks (thehackernews.com)

Food and Agriculture

• JBS Foods cyber attack highlights industry vulnerabilities to Russian hackers - ABC News

Web3

• Why web3 companies get hacked so often, according to crypto VC Grace Isford | TechCrunch

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Other News

• How Failing to Prioritize Cyber Security can Hurt Your Company (analyticsinsight.net)

• Cyber security needs a whole-of-society effort | The Hill

• 40% of enterprises don't include business-critical systems in their cyber security monitoring - Help Net Security

• Bad news: The cyber security skills crisis is about to get even worse | ZDNet

• Nearly Three-Quarters of Firms Suffer Downtime from DNS Attacks - Infosecurity Magazine

• CIOs and network engineers rank cyber security among the biggest risks - Help Net Security

• How USB Drives Can Be a Danger to Your Computer (howtogeek.com)

• Australian digital driver's licenses hackable in minutes • The Register

• Over 3.6 million MySQL servers found exposed on the Internet (bleepingcomputer.com)

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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 ‘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.