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Black Arrow Cyber Threat Briefing 22 March 2024
Black Arrow Cyber Threat Intelligence Briefing 22 March 2024:
-UK’s Cyber Resilience Stagnates as More Fall Victim to Attacks, 75% of UK Businesses & 79% of UK Charities Experienced a Cyber Incident in 2023
-1% of Users are Responsible for 88% of Data Loss Events
-Microsoft Report Says 87% of UK organisations are vulnerable to cyber attacks in the age of AI
-Cyber Naivety Leaves 4 out of 5 Businesses Wide Open and Only 1 in 5 Has a Plan
-Risk and Regulation: Preparing for the Era of Cyber Security Compliance
-Ransomware Attacks Jump 73% Within a Year
-The New CISO - Rethinking the Role
-90% of Attacks Involve Data or Credential Theft, SMBs Primary Target
-Chief Risk Officers Say Cyber Security is Most Pressing Risk
-Humans Still Cyber Security’s Weakest Link, Cyber Security Training Equips Your Workforce to Spot Threats
-Most IT Pros Think Cyber Attacks are Getting Worse, and Many Firms Don’t Know How to Deal with Them
-Supply Chain Cyber Attacks Create Weak Spots, You Need to Prepare
-Ransomware Attack on Change Healthcare Pegged as “Most Significant” in Sector History
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’s Cyber Resilience Stagnates as More Fall Victim to Attacks, 75% of UK Businesses & 79% of UK Charities Experienced a Cyber Incident in 2023
The UK Government’s Joint Committee on the National Security Strategy (JCNSS) has published its response to a ransomware enquiry with stark conclusions, stating that there is a lot to be done to truly tackle the threat posed by ransomware. The chair of the JCNSS said that the UK is and will remain exposed and unprepared if it continues to take a “head in the sand” attitude to ransomware. The minister for artificial intelligence (AI) called upon organisations to “step up their cyber security plans to guard against threats, protect their customers and workforce, and our wider economy.” This comes as the Government’s Cyber Security Longitudinal Survey (CSLS) found that three-quarters of UK businesses and 79% of UK charities experienced a cyber security incident in the last 12 months.
Despite progress, there's a pressing need for organisations to shift from viewing cyber security as solely an IT concern to recognising its integral role across all business functions, particularly in the face of escalating cyber threats. With only half of UK board members having had security training, only a quarter of businesses assessing suppliers for possible security risks, and a fifth of UK boards failing to discuss cyber security even once, the time to improve UK businesses is now.
Sources: [Emerging Risks Media Ltd] [CITY A.M.] [Verdict] [Computer Weekly]
1% of Users are Responsible for 88% of Data Loss Events
New research has shown that that 85% of organisations experienced a data loss in the past year, with 9 out of 10 of those facing a negative outcome such as business disruption, revenue loss and reputational damage. The research found that 1% of users were responsible for 88% of events. It is important to understand this is not always intentionally malicious; it can be accidental or negligent. The research found for example, that 87% of anomalous file exfiltration among cloud tenants over a nine-month period was caused by departing employees, underscoring the need for preventative strategies such as implementing a security review process for this user category.
With as little as 1% of users causing most alerts, organisations need to monitor their most sensitive data and who can access it. This should also include data loss prevention features, to further reduce the risk.
Source: [Help Net Security]
Microsoft Report Says 87% of UK Organisations are Vulnerable to Cyber Attacks in the Age of AI
New research conducted by Microsoft has found that 87% of UK Businesses are unprepared for the age of AI due to their vulnerability to cyber attacks, leaving a mere 13% considered resilient. Further, Microsoft stated that 39% of organisations were at high risk. For organisations, AI can be a tough obstacle to overcome in their journey to cyber resiliency, and it’s important to seek guidance if the available skills are not in-house.
Sources: [Microsoft] [TechRadar ] [The Times] [Infosecurity Magazine]
Cyber Naivety Leaves 4 out of 5 Businesses Wide Open, Only 1 in 5 Has a Plan
Research conducted by Cowbell Insurance has found that the UK is exhibiting a rather cavalier approach to security with 77% of UK SMEs not having any in-house security, 32% of CEOs being confident a cyber attack would not impact their ability to do business and 87% not considering reputational damage as a significant risk. This contrasts with the UK Government’s latest cyber security breaches survey, which found 59% of medium businesses experienced breaches or attacks in the last 12 months. Cowbell have stated that that UK SMEs are leaving themselves wide open to the threats and only 1 in 5 organisations had a dedicated plan to deal with a cyber attack.
A cyber security incident response plan (IRP) allows an organisation to have a documented and formalised process for dealing with a cyber incident. The IRP should be exercised annually, and cover roles and responsibilities, communications and escalations to detect, analyse, contain, eradicate and recover from an incident.
Sources: [Business Mondays] [Insurance Times] [Reinsurance News] [Gloucestershire Live]
Risk and Regulation: Preparing for the Era of Cyber Security Compliance
The next twelve months will see new regulations in many countries, and that means more things to comply with. The EU has two new regulations relating to cyber security: the NIS2 directive and the Digital Operational Resilience Act (DORA). However, despite their EU origin, the inclusion of supply chain companies within the regulations means their impact and reach will extend outside of the European Union itself. Both regulations are risk-management based in their approach.
In order to prepare, decision makers need to first understand what they are complying with and in some cases, this may require sourcing external help to fully ensure the organisation is compliant. Once this is understood, they can start implementing their compliance strategy. Research has shown that some 43% of enterprises surveyed had failed a compliance audit, making them ten times more likely to suffer a data breach.
Sources: [Security Week] [Verdict]
Ransomware Attacks Jump 73% Within a Year
A recent report has shown that ransomware surged by 46% in February 2024, compared to January of the same year and 73% higher than February of the previous year. The LockBit ransomware group claimed responsibility for 110 attacks in February alone. The results show that ransomware is not only still an issue, but one that is consistently rising and if your organisation isn’t already implementing procedures to their risk, it is imperative to start now. Lockbit was taken down in a coordinated law enforcement operation earlier this year; only time will tell how effective that operation was or whether, as with the Hydra from Greek mythology, cutting off one head just causes more to grow in its place.
Source: [TechTarget]
The New CISO - Rethinking the Role
The role of Chief Information Security Officers (CISOs) faces a pivotal transformation. Traditionally tasked with safeguarding company assets against cyber threats, CISOs now find themselves straddling the realms of security and business operations. This shift reflects a growing expectation for CISOs to align security measures with broader business objectives while navigating an increasingly complex risk landscape. With the average cost of a data breach soaring, reaching $4.45 million in 2023 according to IBM, the stakes are higher than ever. As businesses grapple with the integration of cyber security into operational strategies, CISOs are compelled to cultivate new skills, communicate effectively with boards, embrace risk-based approaches, fortify technical fundamentals, leverage automation, and meticulously document incident response plans. The evolving threat landscape demands a new breed of CISO, one who is adept at balancing resilience with operational imperatives, collaborating closely with leadership, and steering organisations through turbulent cyber waters.
Source: [Dark Reading]
90% of Attacks Involve Data or Credential Theft, SMBs Primary Target
The 2024 Sophos Threat Report sheds light on the changing tactics of ransomware operators, particularly in their targeting of small and medium-sized businesses (SMBs). Notably, the report reveals a significant surge in ransomware attacks employing remote encryption, rising by 62% between 2022 and 2023. Sophos' Managed Detection and Response (MDR) team encountered multiple cyber attacks leveraging exploits in remote monitoring and management (RMM) software, a vital component used by many MSPs and external IT providers, and thus affecting many businesses. With almost half of malware detections for SMBs attributed to data-stealing malware, the report underscores the growing value of stolen data as currency in cyber criminal circles, with initial access brokers (IABs) facilitating network breaches. Data protection emerges as a critical challenge, with over 90% of attacks involving credential theft, and business email compromise (BEC) attacks becoming increasingly sophisticated. While ransomware remains a persistent threat, the report also highlights the proliferation of malware-as-a-service (MaaS) activities, emphasising the importance for SMBs to bolster their cyber security defences against these evolving threats.
Source: [MSSP Alert]
Chief Risk Officers Say Cyber Security is Most Pressing Risk
In an inaugural global insurance risk management survey conducted by EY/Institute of International Finance (IIF), cyber security was ranked as the highest immediate concern for chief risk officers. It placed above insurance, business model change and credit risk. When it came to emerging risks over the next three years, it remained at the top spot, followed by geopolitical risk, environmental risk and machine learning and artificial intelligence.
Source: [Insurance Journal]
Humans Still Cyber Security’s Weakest Link, Cyber Security Training Equips Your Workforce to Spot Threats
The latest findings from Mimecast's annual report emphasise that human error continues to be the leading cause of cyber breaches, responsible for 74% of incidents. As emerging threats like AI and deepfake technology pose increasingly sophisticated challenges, it's crucial for businesses to prioritise employee training and bolster their defence strategies.
Providing cyber security training is essential to creating a security conscious culture that educates on risk and in turn increases a company’s cyber culture. Committing to cyber security training needs to be beyond ticking a checkbox, as it allows the workforce the ability to understand, scrutinise and know how to report threats in the corporate environment. Training allows workers to be able to understand the types of threats they may face, along with red flags to look out for. Knowing how the employee should report a threat can determine whether your organisation can deal with a ransomware attack. While generic or off the shelf computer based training can be seen as an easy fix, training needs to be tailored to the organisation, its operating environment and the organisation’s culture and ways of doing business.
To mitigate this risk, organisations should consider implementing tailored cyber security education, tabletop exercises, phishing simulations, and one-on-one consulting for board members. As the responsibility of board members for cyber security strategy increases, it’s crucial to ensure their own security against evolving threats.
Sources: [Emerging Risks] [The HR Director] [WSJ] [The HR Director]
Most IT Pros Think Cyber Attacks are Getting Worse, and Many Firms Don’t Know How to Deal with Them
A recent report from Thales reveals a stark reality, with 93% of IT and security professionals noting a worsening trend in cyber attacks. Ransomware incidents have surged by over a quarter year-on-year, yet less than half of companies have adequate plans to address such threats, leading to 8% resorting to paying attackers' demands. Compliance failures are also on the rise, with 43% of enterprises falling short in audits, correlating with a higher incidence of cyber attacks among non-compliant organisations.
A separate report shows that despite record spending on cyber security, reaching $188 billion globally in 2023, reported data breaches in the US surged to an all-time high of 3,205, up 78% from the previous year. This paradox underscores the evolving tactics of cyber criminals. Ransomware attacks have transitioned from merely locking data to stealing and threatening to disclose it, termed Ransomware 2.0. Cloud misconfigurations, involving 82% of breaches, and exploitation of vendor systems further exacerbate the issue. Heightened awareness and improved practices are imperative to counteract the escalating threat landscape.
Supply Chain Cyber Attacks Create Weak Spots: You Need to Prepare
A recent poll by Deloitte found that nearly half of senior executives anticipate a rise in supply chain attacks in the coming year, with 33% already experiencing at least one supply-chain cyber incident within the past year. This especially rings true for healthcare, with the sector accounting for 33% of third-party data breaches in 2023. Many organisations are unsure where to even begin.
Organisations need to manage their third party risks through risk assessments, to understand the third parties that they currently or plan to use, and the data that the third party would hold or access. This enables the third parties to be prioritised with clear communications to notify the organisation in the event of a data breach.
Sources: [Security Brief ] [Beta News]
Ransomware Attack on Change Healthcare Pegged as “Most Significant” in Sector History
In a landmark incident, the American Hospital Association has dubbed the recent ransomware attack on Change Healthcare, a division of UnitedHealth Group’s Optum, as the most significant cyber threat ever faced by the US healthcare system. The attack, which occurred on February 21st, has severely impacted operations, affecting various healthcare entities reliant on Change Healthcare's services. UnitedHealth Group, in response, has been working to restore critical systems, aiming to reinstate electronic payment and medical claims services later this month. However, challenges persist, with cyber security experts warning that recovery efforts could extend for at least 30 days. The attack's aftermath sheds light on the healthcare sector's susceptibility to cyber threats and underscores the need for robust security measures and swift governmental responses. Reports reveal that the ransomware group responsible has received a substantial payout, raising concerns about the broader implications for healthcare providers. Cyber insurance policies are expected to help mitigate financial losses, especially for smaller entities facing cash flow disruptions.
Source: [Reinsurance News]
Governance, Risk and Compliance
Cyber criminals capitalise on businesses’ biggest flaw - human risk | theHRD (thehrdirector.com)
Nine in ten companies at risk of cyber attacks as hackers use AI (thetimes.co.uk)
Microsoft: The UK is woefully unprepared for future AI cyber threats | ITPro
Minister: Cyber brings 'risks we can't ignore' with UK firms still vulnerable (cityam.com)
UK’s cyber resilience stagnates as more fall victim to attacks | Computer Weekly
Risk and Regulation: Preparing for the Era of Cyber Security Compliance - Security Week
How does cyber security training equip your workforce to spot threats? (thehrdirector.com)
New research shows UK SMEs are leaving themselves open to cyber threats: Cowbell - Reinsurance News
Only 1 in 5 SMEs have a plan in case of cyber attack - Gloucestershire Live
Chief Risk Officers Say Cyber Security Most Pressing Risk: Survey (insurancejournal.com)
Using A Security Assessment As A Measuring Stick (forbes.com)
From Reactive to Proactive: The Evolution of Cyber Security (cryptopolitan.com)
Secrets sprawl: Protecting your critical secrets - Help Net Security
Cyber Security: Why it’s becoming harder to stay safe online (holyrood.com)
Cyber security must be a priority if the UK is serious about digitising the economy (uktech.news)
Organisations under pressure to modernize their IT infrastructures - Help Net Security
Board-level buy-in: preparing cyber defences the right way | Computer Weekly
Responding to a cyber incident – a guide for CEOs - NCSC.GOV.UK
Threats
Ransomware, Extortion and Destructive Attacks
Ransomware surges as compliance falters - Thales Group - Verdict
Whistleblowing And Cyber Swatting: Cyber Extortion Reaches A New Low (forbes.com)
NCC Group: Ransomware attacks jump 73% in February | TechTarget
RaaS groups increasing efforts to recruit affiliates - Help Net Security
If Companies Are So Focused on Cyber Security, Why Are Data Breaches Still Rising? - WSJ
After LockBit, ALPHV Takedowns, RaaS Startups Go on a Recruiting Drive (darkreading.com)
Lockbit Strikes Back After FBI Takedown With New Ransomware Attack Details (pcmag.com)
Government not facing up to CNI cyber risks, committee warns | Computer Weekly
6 Reasons Your Business Should Have Ransomware Plan - Security Boulevard
STOP ransomware, more common than LockBit, gains stealthier variant | SC Media (scmagazine.com)
Crypto scams more costly to US than ransomware, Feds say • The Register
TeamCity Flaw Leads to Surge in Ransomware, Cryptomining, and RAT Attacks (thehackernews.com)
What the Latest Ransomware Attacks Teach About Defending Networks (bleepingcomputer.com)
Takedowns spark affiliate bidding war among ransomware gangs | SC Media (scmagazine.com)
Ransomware Victims
VIEW: On the lessons learned from the British Library cyber incident - CIR Magazine
UnitedHealth advances $2 billion to providers post-cyber attack By Investing.com
Why UnitedHealth, Change Healthcare were targets of ransomware hackers
Criminal investigation into Leicester City Council cyber attack - BBC News
Yacht dealer to the celebs attack claimed by Rhysida gang • The Register
UK council eerily cagey about 'cyber incident' details • The Register
Russian military intelligence may have deployed wiper against multiple Ukrainian ISPs | CyberScoop
Phishing & Email Based Attacks
Russian hacker group exploits Microsoft Windows feature in worldwide phishing attack | TechRadar
Five key takeaways from 2024 State of the Phish: Europe and Middle East | ITPro
Tax Hackers Blitz Small Business With Phishing Emails (darkreading.com)
Hackers Posing as Law Firms Phish Global Orgs (darkreading.com)
IMF Investigates Serious Cyber Security Breach - Infosecurity Magazine (infosecurity-magazine.com)
Hackers Exploiting Popular Document Publishing Sites for Phishing Attacks (thehackernews.com)
A newly uncovered phishing campaign that spreads remote access trojans | Security Magazine
'Fluffy Wolf' Spreads Meta Stealer in Corporate Phishing Campaign (darkreading.com)
Spa Grand Prix email account hacked to phish banking info from fans (bleepingcomputer.com)
How to defend against phishing as a service and phishing kits | TechTarget
Other Social Engineering
Cyber criminals capitalise on businesses’ biggest flaw - human risk | theHRD (thehrdirector.com)
IMF Investigates Serious Cyber Security Breach - Infosecurity Magazine (infosecurity-magazine.com)
Don't Answer the Phone: Inside a Real-Life Vishing Attack (darkreading.com)
Artificial Intelligence
87% of UK organisations are vulnerable to cyber attacks in the age of AI (microsoft.com)
UK’s AI ambitions pointless while cyber security is still neglected | Computer Weekly
In the rush to build AI apps, don't leave security behind • The Register
AI adoption by hackers pushed financial scams in 2023 | CSO Online
Preparing Society for AI-Driven Disinformation in the 2024 Election Cycle - Security Week
From Deepfakes to Malware: AI's Expanding Role in Cyber Attacks (thehackernews.com)
Shadow AI is the latest cyber security threat you need to prepare for - Help Net Security
Navigating cyber vulnerabilities in AI-enabled military systems | European Leadership Network
Malware
The most prevalent malware behaviours and techniques - Help Net Security
Malware stands out as the fastest-growing threat of 2024 - Help Net Security
Fujitsu: Malware on Company Computers Exposed Customer Data (darkreading.com)
New Phishing Attack Uses Clever Microsoft Office Trick to Deploy NetSupport RAT (thehackernews.com)
Suspected Russian Data-Wiping 'AcidPour' Malware Targeting Linux x86 Devices (thehackernews.com)
From Deepfakes to Malware: AI's Expanding Role in Cyber Attacks (thehackernews.com)
A newly uncovered phishing campaign that spreads remote access trojans | Security Magazine
'Fluffy Wolf' Spreads Meta Stealer in Corporate Phishing Campaign (darkreading.com)
TeamCity Flaw Leads to Surge in Ransomware, Cryptomining, and RAT Attacks (thehackernews.com)
More sophisticated BunnyLoader malware variant emerges | SC Media (scmagazine.com)
Evasive Sign1 malware campaign infects 39,000 WordPress sites (bleepingcomputer.com)
Mobile
Denial of Service/DoS/DDOS
SEC Website Goes Dark, BTC Tumbles in Aftermath (financemagnates.com)
300,000 Systems Vulnerable to New Loop DoS Attack - Security Week
Telecoms is evolving – and unfortunately, so are DDoS attacks | TechRadar
Internet of Things – IoT
Unsaflok flaw can let hackers unlock millions of hotel doors (bleepingcomputer.com)
Chinese-made electric cars in UK could be jammed remotely by Beijing (thetimes.co.uk)
Data Breaches/Leaks
1% of users are responsible for 88% of data loss events - Help Net Security
If Companies Are So Focused on Cyber Security, Why Are Data Breaches Still Rising? - WSJ
Secrets sprawl: Protecting your critical secrets - Help Net Security
Hackers steal personal data of 43 million French job seekers | ITPro
International Monetary Fund email accounts hacked in cyber attack (bleepingcomputer.com)
IMF Investigating Cyber Security Incident Detected on Feb. 16 (bloomberglaw.com)
Threat actors leaked 70M+ records allegedly stolen from AT&T (securityaffairs.com)
AT&T says leaked data of 70 million people is not from its systems (bleepingcomputer.com)
Fujitsu: Malware on Company Computers Exposed Customer Data (darkreading.com)
Misconfigured Firebase Instances Expose 125 Million User Records - Security Week
Sophos: 90% of Attacks Involve Data or Credential Theft | MSSP Alert
Serial data thief pleads guilty to cyber crime charges • The Register
Fake data breaches: Countering the damage - Help Net Security
Fujitsu exposed client data, AWS keys and passwords for nearly a year, report (computing.co.uk)
Nations Direct Mortgage Data Breach Impacts 83,000 Individuals - Security Week
Organised Crime & Criminal Actors
RaaS groups increasing efforts to recruit affiliates - Help Net Security
IT helpdeskers increasingly targeted by cyber criminals • The Register
Serial data thief pleads guilty to cyber crime charges • The Register
The Magnet Goblin group is leveraging one-day vulnerabilities | Security Magazine
Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain
SEC Website Goes Dark, BTC Tumbles in Aftermath (financemagnates.com)
Crypto scams more costly to US than ransomware, Feds say • The Register
TeamCity Flaw Leads to Surge in Ransomware, Cryptomining, and RAT Attacks (thehackernews.com)
Insider Risk and Insider Threats
1% of users are responsible for 88% of data loss events - Help Net Security
Cyber criminals capitalise on businesses’ biggest flaw - human risk | theHRD (thehrdirector.com)
How does cyber security training equip your workforce to spot threats? (thehrdirector.com)
Why human risk management is key to data protection (betanews.com)
As Boards Focus More on Cyber Security, Are They Missing One of the Biggest Threats? - WSJ
FE News | How to Protect Your Data With Cyber Security Training
China-based Canadian accused of stealing Tesla trade secret • The Register
Insurance
New Regulations Make D&O Insurance a Must for CISOs (darkreading.com)
Insurers told cyber cover remains attractive but beware of accumulation risk (emergingrisks.co.uk)
Supply Chain and Third Parties
Third-party breaches create network weak spots (betanews.com)
How to Prepare for a Surge in Supply-Chain Cyber Attacks (securitybrief.co.nz)
How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl (thehackernews.com)
Cloud/SaaS
Shadow SaaS Dangers in Cyber Security Compliance Standards - Security Boulevard
Fujitsu exposed client data, AWS keys and passwords for nearly a year, report (computing.co.uk)
Vulnerability Allowed One-Click Takeover of AWS Service Accounts - Security Week
Identity and Access Management
Encryption
Microsoft announces deprecation of 1024-bit RSA keys in Windows (bleepingcomputer.com)
Future inevitability of quantum computers is a security problem today - Breaking Defence
Linux and Open Source
Passwords, Credential Stuffing & Brute Force Attacks
New acoustic attack determines keystrokes from typing patterns (bleepingcomputer.com)
WordPress Brute-Force Attacks: Sites Used As Staging Ground - Security Boulevard
What is Credential Harvesting? Examples & Prevention Methods - Security Boulevard
Ukraine cyber police arrested crooks selling 100 million compromised accounts (securityaffairs.com)
Misconfigured Firebase instances leaked 19 million plaintext passwords (bleepingcomputer.com)
Sophos: 90% of Attacks Involve Data or Credential Theft | MSSP Alert
Fujitsu exposed client data, AWS keys and passwords for nearly a year, report (computing.co.uk)
Social Media
Training, Education and Awareness
How does cyber security training equip your workforce to spot threats? (thehrdirector.com)
As Boards Focus More on Cyber Security, Are They Missing One of the Biggest Threats? - WSJ
FE News | How to Protect Your Data With Cyber Security Training
The Weakest Link: Securing The Human Element From Cyber Attack - Security Boulevard
Regulations, Fines and Legislation
Risk and Regulation: Preparing for the Era of Cyber Security Compliance - Security Week
SEC Website Goes Dark, BTC Tumbles in Aftermath (financemagnates.com)
Why do 60% of SEC Cyber Security Filings Omit CSO, CISO Info? | MSSP Alert
Models, Frameworks and Standards
Data Protection
Careers, Working in Cyber and Information Security
How to Battle Burnout While Protecting Your Most Valuable Asset — Your People - Benzinga
3 Ways Businesses Can Overcome the Cyber Security Skills Shortage (darkreading.com)
AI Won't Solve Cyber Security's Retention Problem (darkreading.com)
Law Enforcement Action and Take Downs
Filipino police break up forced labour cyber operation • The Register
Court jails first person convicted of cyberflashing in England | Crime | The Guardian
Ukraine cyber police arrested crooks selling 100 million compromised accounts (securityaffairs.com)
After LockBit, ALPHV Takedowns, RaaS Startups Go on a Recruiting Drive (darkreading.com)
Serial data thief pleads guilty to cyber crime charges • The Register
Takedowns spark affiliate bidding war among ransomware gangs | SC Media (scmagazine.com)
Misinformation, Disinformation and Propaganda
Nation State Actors, Advanced Persistent Threats (APTs), Cyber Warfare, Cyber Espionage and Geopolitical Threats/Activity
Cyber Warfare and Cyber Espionage
Cyber Warfare: Understanding New Frontiers in Global Conflicts (darkreading.com)
Cyber Threats Escalate Ahead of Global Elections (cryptopolitan.com)
Nation State Actors
China
Chinese Earth Krahang hackers breach 70 orgs in 23 countries (bleepingcomputer.com)
Five Eyes Agencies Issue New Alert on Chinese APT Volt Typhoon - Security Week
The UK energy sector faces an expanding OT threat landscape (securityintelligence.com)
“Disabling cyber attacks” are hitting critical US water systems, White House warns | Ars Technica
Chinese media exposes criminal smartphone farms • The Register
Chinese-made electric cars in UK could be jammed remotely by Beijing (thetimes.co.uk)
A look inside the Chinese cyber threat at the biggest ports in US
CISA shares critical infrastructure defence tips against Chinese hackers (bleepingcomputer.com)
Russia
Microsoft Under Attack by Russian Cyber Attackers - Security Boulevard
UK Defence Secretary jet hit by electronic warfare attack in Poland (securityaffairs.com)
Russian hacker group exploits Microsoft Windows feature in worldwide phishing attack | TechRadar
Russian Intelligence Targets Victims Worldwide in Rapid-Fire Cyber Attacks (darkreading.com)
The cyberwar in Ukraine is as crucial as the battle in the trenches (economist.com)
Russian cyber attacks rampant as key elections cycle begins (verdict.co.uk)
Russia’s Hybrid Warfare with the United States | Geopolitical Monitor
Suspected Russian Data-Wiping 'AcidPour' Malware Targeting Linux x86 Devices (thehackernews.com)
The UK energy sector faces an expanding OT threat landscape (securityintelligence.com)
“Disabling cyber attacks” are hitting critical US water systems, White House warns | Ars Technica
The West Should Help Expand Ukraine’s Cyber Offensive against Russia | Geopolitical Monitor
Russia Hackers Using TinyTurla-NG to Breach European NGO's Systems (thehackernews.com)
I’m a disaster expert - this is what will happen after a Russian cyber attack (inews.co.uk)
Russian military intelligence may have deployed wiper against multiple Ukrainian ISPs | CyberScoop
Top 5 Russian-Speaking Dark Web Forums - SOCRadar® Cyber Intelligence Inc.
Putin Sees Disastrous Start to Presidential Election (newsweek.com)
Moscow says no clear proof North Korea stole Russian weapons data: UN report | NK News
Iran
North Korea
North Korea gets 50% of foreign earnings due to weak security measures in crypto industry, UN says
North Korea's Kimsuky gang now exploiting Windows Help files • The Register
Hacks Account for Half of N. Korea Foreign-Currency Income: UN (bloomberglaw.com)
Moscow says no clear proof North Korea stole Russian weapons data: UN report | NK News
Vulnerability Management
NIST NVD Disruption Sees CVE Enrichment on Hold - Infosecurity Magazine (infosecurity-magazine.com)
No Easy Fix For Untangling Web of Critical Dependencies | Decipher (duo.com)
The Magnet Goblin group is leveraging one-day vulnerabilities | Security Magazine
NIST's Vuln Database Downshifts, Prompting Questions About Its Future (darkreading.com)
Navigating cyber vulnerabilities in AI-enabled military systems | European Leadership Network
Vulnerabilities
Exploitation activity increasing on Fortinet vulnerability | TechTarget
Vulnerability Allowed One-Click Takeover of AWS Service Accounts - Security Week
Ivanti Keeps Security Teams Scrambling With 2 More Vulns (darkreading.com)
Ivanti Releases Urgent Fix for Critical Sentry RCE Vulnerability (thehackernews.com)
Critical Fortinet's FortiClient EMS flaw actively exploited in the wild (securityaffairs.com)
Fortra Patches Critical RCE Vulnerability in FileCatalyst Transfer Tool (thehackernews.com)
Remove WordPress miniOrange plugins, a critical flaw can allow site takeover (securityaffairs.com)
Another Microsoft vulnerability is being used to spread malware | TechRadar
Misconfigured Firebase Instances Expose 125 Million User Records - Security Week
The Windows 11 KB5035853 update is causing BSOD errors for some users. | Windows Central
The Magnet Goblin group is leveraging one-day vulnerabilities | Security Magazine
Atlassian Releases Fixes for Over 2 Dozen Flaws, Including Critical Bamboo Bug (thehackernews.com)
TeamCity Flaw Leads to Surge in Ransomware, Cryptomining, and RAT Attacks (thehackernews.com)
iOS 17.4.1 release includes bug fixes and security updates | Macworld
Discontinued Security Plugins Expose Many WordPress Sites to Takeover - Security Week
Tools and Controls
Using A Security Assessment As A Measuring Stick (forbes.com)
Mastering Physical Security In Information Security (informationsecuritybuzz.com)
Microsoft announces deprecation of 1024-bit RSA keys in Windows (bleepingcomputer.com)
How to choose the best cyber security vendor for your business | ITPro
Shadow SaaS Dangers in Cyber Security Compliance Standards - Security Boulevard
Unlocking Security Architecture In Information Security (informationsecuritybuzz.com)
6 Reasons Your Business Should Have Ransomware Plan - Security Boulevard
From Reactive to Proactive: The Evolution of Cyber Security (cryptopolitan.com)
Tracking Everything on the Dark Web Is Mission Critical (darkreading.com)
Identity Concepts Underlie Cyber Risk 'Perfect Storm' (darkreading.com)
95% of companies face API security problems - Help Net Security
Responding to a cyber incident – a guide for CEOs - NCSC.GOV.UK
Reports Published in the Last Week
Other News
At 35, the web is broken, but its inventor hasn't given up hope of fixing it yet | ZDNET
The UK energy sector faces an expanding OT threat landscape (securityintelligence.com)
Government not facing up to CNI cyber risks, committee warns | Computer Weekly
UK in ‘better position’ against cyber attacks, but most businesses not resilient | Evening Standard
Cyber Threats Escalate Ahead of Global Elections (cryptopolitan.com)
The Aviation and Aerospace Sectors Face Skyrocketing Cyber Threats (securityaffairs.com)
Aviation sector, e-commerce platforms face separate cyber threats | SC Media (scmagazine.com)
Public anxiety mounts over critical infrastructure resilience to cyber attacks - Help Net Security
Change Healthcare hack highlights lack of medical industry’s cyber security - The Washington Post
How Can We Reduce Threats From the IABs Market? (darkreading.com)
UK renewables firms facing up to 1,000 cyber attacks a day (energyvoice.com)
Cyber Attacks on Higher Ed Rose Dramatically Last Year, Report Shows | EdTech Magazine
Cyber security is an urgent priority for the museums sector - Museums Association
Ethiopian Bank's Technical Glitch Lets Customers Withdraw Millions (ndtv.com)
Making Sense of Operational Technology Attacks: The Past, Present, and Future (thehackernews.com)
The Consequences for Schools and Students After a Cyber Attack - Security Boulevard
Sector Specific
Industry specific threat intelligence reports are available.
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Black Arrow Cyber Threat Briefing 6 October 2023
Black Arrow Cyber Threat Intelligence Briefing 06 October 2023:
-Many Cyber Attacks Begin by Breaking Human Trust
-BYOD Should Stand for Bring Your Own Disaster, According to Microsoft Ransomware Data
-SME Cyber Security Knowledge Gap Widens
-UK Security Budgets Under Strain as Cyber Incidents Soar
-Cyber Leaders’ Confidence in Their Organisation’s Defences Plummets, But Costs Mount
-FBI Warns of Dual Ransomware as Data Destruction Dwell Times Hit Low of 24 Hours
-Tech-Savvy Young Workers Might Be the Biggest Cyber Liability to Your Business
-Half of Cyber Security Professionals Report Increase in Cyber Attacks, with 60% of Attacks Going Unreported
-Global Cyber Survey Finds 50% Rise in Cyber Insurance Premiums
-Evolving Conversations: Cyber Security as a Business Risk
-Threats in Cloud Top the List of Executive Cyber Concerns
-Over Half of Phishing Emails Now Use Obfuscation Tactics to Avoid Detection
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
Many Cyber Attacks Begin by Breaking Human Trust
One of the most visible cyber attacks in recent months has reminded us that we all play a role in security, and people remain a favourite route for attackers. In the recent attack on MGM Resorts, an employee unwittingly helped the attacker to access the organisation’s systems and information. The attack highlights the power of social engineering as an attack vector, and that any size of business can fall victim.
One of the ways organisations can help to protect themselves is to provide social engineering training to employees. This builds resilience by helping employees to understand, recognise and avoid becoming a victim, recognising that cyber security involves more than just technology.
Despite some improvements in awareness programs, organisations face hurdles including budget constraints, limited training time and understaffing. Training should be continuous and target major risk areas such as phishing, vishing and password management, while fostering a proactive security culture.
Black Arrow supports organisations of all sizes in designing and delivering proportionate user education and awareness programmes, including in-person and online training as well as simulated phishing campaigns. Our programmes ensure employee engagement and build a cyber security culture to protect the organisation.
Sources: [GovTech] [Bloomberg] [Security Week]
BYOD Should Stand for Bring Your Own Disaster, According to Microsoft Ransomware Data
Microsoft research says that 80-90 percent of ransomware attacks over the past year originated from unmanaged devices. Many organisations welcome a bring your own device (BYOD) policy, yet are not managing these devices effectively.
Without appropriate management of BYOD devices, organisations are allowing a number of unknown devices onto the corporate scene; these devices can be unpatched, unregulated and can lack adequate security measures, without the organisation even being aware.
Source: [The Register]
SME Cyber Security Knowledge Gap Widens
Recent findings underscore a growing concern: a significant cyber security knowledge gap among small and medium size enterprises (SMEs). The report found that 22% of employees are concerned their actions could contribute to a cyber attack or data breach. Alarmingly, more than three-quarters of senior executives are unable to identify cyber threats or distinguish phishing emails from legitimate ones.
Despite the clear risks, three out of four SMEs do not provide any form of cyber security training to their staff. This reveals a concerning disconnect: while the majority of business owners do not perceive their staff as potential cyber security risks, many employees themselves acknowledge that they could inadvertently cause such issues.
Adding to the concern, 60% of SMEs have no plans to increase their security budget in the coming year. Two-thirds of these businesses do not view cyber security as a priority. In fact, only one in five SMEs are even considering investing in cyber insurance. This widening knowledge gap in SME cyber security is indeed troubling and calls for immediate attention.
Sources: [Insurance Journal] [Dealer Support] [IT Security Guru]
UK Security Budgets Under Strain as Cyber Incidents Soar
A recent report found that UK businesses have suffered a 25% increase in cyber incidents in the last year, against a backdrop of budgetary constraints on implementing cyber security strategies. The report found that, despite spending more than £40,000 a year on cyber security protection, more than a quarter of organisations think their cyber security budget is inadequate to fully protect them from growing threats. This is as UK businesses have experienced, on average, 30 cyber incidents over the last 12 months, a 25% increase compared to last year.
The report identified that a lack of key skills remains one of the main concerns in tackling rising cyber threats. So much so that 30% of cyber staff admit to currently facing burnout. This pressure also means that less than half of companies are confident in their ability to handle the biggest threats facing organisations, including phishing (56%) and malware (55%).
Sources: [Silicon] [Verdict] [CSO Online]
Cyber Leaders’ Confidence in Their Organisation’s Defences Plummets, But Costs Mount
A recent EY survey of cyber security leaders reported that just 1 in 5 found their organisation’s approach to cyber defences to effective and just 36% are satisfied with the levels of best practices by teams outside the IT department. The report also found that despite higher levels of spending, the organisation’s cyber security detection and response appeared slow; 76% of respondents took six months or longer to detect and respond to an incident.
Source: [EY]
FBI Warns of Dual Ransomware as Data Destruction Dwell Times Hit Low of 24 Hours
The FBI has flagged dual ransomware attacks, where attackers will attack a company twice within a few hours, as an emerging trend. This comes as an increasing number of ransomware actors are deploying their ransomware within 24 hours of initial access, and in 10% of cases, within just a few hours. Comparing this to last year, where the median time was four and a half days, organisations have significantly less time to enact their response, if they have one.
Sources: [Tech Monitor] [The Cord] [Information Security] [Beta News] [Cision] [The Record] [Malware Bytes]
Tech-Savvy Young Workers Might Be the Biggest Cyber Liability to Your Business
A new report from Ivanti into hidden threats finds that one in three employees believe their actions do not impact their organisation's security. The research shows that Millennial and Gen Z office workers are more likely to have unsafe cyber security habits when compared to Gen X and older (those above 40 years of age). The report also finds that men and leaders are more comfortable contacting a security employee with a question or concern, with leaders at an organisation the most likely to reach out with a question at 72%.
The report also highlighted that phishing scams were found to be greatly underreported by those aged 40 and under, with 23% saying that they did not report the last phishing attempt they received, the most the most likely reason for this being “I didn’t think it was important”. In contrast, of the older demographic only 12% failed to report. Cyber security has only recently become the leading concern among C-suites and executives; however, security leaders need to enable all employees to play defence against threat actors and proactively build an open and welcoming security culture.
Sources: [Techradar] [Beta News] [HelpNet Security]
Half of Cyber Security Professionals Report Increase in Cyber Attacks, with 60% of Attacks Going Unreported
Over half (52%) of cyber security professionals are experiencing an increase in cyber attacks compared to a year ago, according to new research. Further findings revealed that only 40% of organisations conducted a cyber risk assessment annually. By conducting risk assessments, organisations are able to identify their vulnerabilities and address them, before an attacker gets the chance to exploit them.
Further, in a recent survey conducted by ISACA, which collated insights from over 2,000 security leaders globally, a significant 62% of respondents say that organisations are under-reporting cyber crime incidents. The report also revealed 59% indicate their cyber security teams are undermanned, and the challenge of retaining skilled cyber security professionals remains, with 56% experiencing retention issues.
Sources: [MSSP Alert] [Security Brief] [InfoSecurity Magazine ]
Global Cyber Survey Finds 50% Rise in Cyber Insurance Premiums
According to a recent survey, budgets for cyber security have grown 70% in the last five years and whilst these have risen, so have cyber insurance premiums (50%), due to the increase in ransomware attacks.
Insurance firms have not been able to sustain losses they were incurring without passing on these costs to their customers. At the same time, obtaining cyber insurance is getting exponentially harder, with more and more stringent controls and measures being mandated by insurance companies before underwriting to minimise their exposure.
Black Arrow supports business leaders in organisations of all sizes to demonstrate governance of their cyber security, by owning their cyber security strategy and leveraging their existing internal and external resources to build resilience against a cyber security incident.
Source: [Global Reinsurance]
Evolving Conversations: Cyber Security as a Business Risk
According to a report, only 53% of board members report having regular interactions with their cyber security experts, leaving nearly half without a strong and distinct Chief Information Security Officer (CISO) perspective in the decision making process.
By including CISOs or virtual CISOS (vCISOS) in board processes, the board can better understand the cyber implications of decisions, after all, you wouldn’t make a board-level financial decision without involving the CFO.
Source: [HelpNet Security]
Threats in Cloud Top the List of Executive Cyber Concerns
A recent report published by PwC has found that cloud-related threats are the top concern for organisations that have adopted the technology. These security concerns intensify for organisations with multiple clouds or hybrid infrastructures, with the report finding more than half of respondents citing cloud security as their most pressing concern.
The report highlighted that despite the focus on cloud security, nearly every organisation had risk management lapses. Nearly a third of respondents had yet to address disaster recovery and backup with their cloud service provider, and more than two in five pointed to in-house cloud skills gaps as a lingering risk factor.
Black Arrow works with organisations of all sizes and sectors to design and prepare for managing a cyber security incident; this can include an Incident Response Plan and an educational tabletop exercise for the leadership team that highlights the proportionate controls to help the organisation prevent and mitigate an incident.
Source: [CIO Dive]
Over Half of Phishing Emails Now Use Obfuscation Tactics to Avoid Detection
Recent research shows that hackers are increasingly using sophisticated tactics to get their phishing emails past companies’ cyber security defences. One key finding of the report is the percentage of phishing emails that use obfuscation techniques to avoid detection jumped by 24.4% in 2023. More than half of malicious emails, or 55.2%, now use such tactics. The report found that the most widely used obfuscation technique is HTML smuggling. This is the practice of hiding malicious raw code in a seemingly legitimate HTML page; the code only turns into malware after clearing the cyber security filtering.
The use of chatbots or large language models have lowered the barrier for entry to cyber crime, making it possible to create well-written phishing campaigns and generate malware that less capable coders could not produce alone. The reports found that tools designed to detect AI-generated phishing emails work unreliability or don’t work at all in 71.4% of cases.
Source: [Silicon Angle]
Governance, Risk and Compliance
Cyber security: Still No. 1 on Every CIO's Agenda (govtech.com)
Poor cyber security habits are common among younger employees - Help Net Security
Many Cyber Attacks Begin by Breaking Human Trust (govtech.com)
People Still Matter in Cyber security Management (darkreading.com)
UK businesses face tightening cyber security budgets as incidents spike | CSO Online
Threats in cloud top list of executive cyber concerns, PwC finds | CIO Dive
Ransomware Crisis, Recession Fears Leave CISOs in Tough Spot (darkreading.com)
Evolving conversations: Cyber security as a business risk - Help Net Security
Cyber security preparedness pays big dividends for businesses - Help Net Security
Breaches Are the Cost of Doing Business, but NIST Is Here to Help (darkreading.com)
Gartner: Spending On Cyber security Services Is Outpacing Expectations In 2023 | CRN
Cyber leaders’ confidence in their organisation’s defences plummets, but costs mount | EY - Global
CISO's compass: Mastering tech, inspiring teams, and confronting risk - Help Net Security
Gartner Forecasts Global Security and Risk Management Spending to Grow 14% in 2024 (darkreading.com)
High-business-impact outages are incredibly expensive - Help Net Security
78% of organisations under-report cyber attacks: ISACA (securitybrief.co.nz)
Moody’s cyber survey reveals growing budgets and improved governance - Reinsurance News
How To Talk To Your Board And C-suite About Cyber Preparedness | Scoop News
Threats
Ransomware, Extortion and Destructive Attacks
Moody’s global cyber survey finds 50% rise in cyber insurance premiums | Global Reinsurance
Ransomware is deployed faster as cyber criminals seek to avoid detection (betanews.com)
Microsoft: Human-operated ransomware attacks tripled over past year (therecord.media)
Bad BYOD facilitates most ransomware attacks, says Microsoft • The Register
Dual ransomware attacks: FBI warns of twin threat to businesses (techmonitor.ai)
Ransomware gangs destroying data, using multiple strains during attacks: FBI (therecord.media)
Why the public sector is an easy target for ransomware | TechCrunch
Banks beware: Why one ransomware victim decided to pay up | American Banker
LUCR-3: Scattered Spider Getting SaaS-y in the Cloud (thehackernews.com)
Feds hopelessly behind the times on ransomware trends • The Register
MOVEit cyber attacks: keeping tabs on the biggest data theft of 2023 - The Verge
Ransomware reinfections on the rise from improper remediation (malwarebytes.com)
Meet LostTrust ransomware — A likely rebrand of the MetaEncryptor gang (bleepingcomputer.com)
Ransomware gangs now exploiting critical TeamCity RCE flaw (bleepingcomputer.com)
Two hacker groups are back in the news, LockBit 3.0 Black and BlackCat/AlphV (securityaffairs.com)
Ransomware disrupts hospitality, healthcare in September | TechTarget
Ransomware Attacks: Bad for Hospitals, Deadly for Patients - Tradeoffs
Lorenz ransomware embroiled in its own two-year data leak • The Register
Ransomware Victims
LockBit crime spree includes FDF and UK law firm (techmonitor.ai)
Motel One discloses data breach following ransomware attack (bleepingcomputer.com)
MOVEit cyber attacks: keeping tabs on the biggest data theft of 2023 - The Verge
MGM Resorts Refused to Pay Ransom in Cyber attack on Casinos - WSJ
Ransomware attack on Johnson Controls may have exposed sensitive DHS data (securityaffairs.com)
South African insurance clients hit in massive global cyber attack (mybroadband.co.za)
Sony sent data breach notifications to about 6,800 individuals (securityaffairs.com)
Phishing & Email Based Attacks
Report: Over half of phishing emails now use obfuscation tactics to avoid detection - SiliconANGLE
Phishing, Smishing Surge Targets USPS - Infosecurity Magazine (infosecurity-magazine.com)
Will generative AI really supercharge phishing attacks? - Tech Monitor
Other Social Engineering; Smishing, Vishing, etc
Many Cyber Attacks Begin by Breaking Human Trust (govtech.com)
MGM Cyber attack Shows How Hackers Deploy Social Engineering - Bloomberg
Casino Hackers Use Low-Tech Tricks to Exploit Corporate Targets (bloomberglaw.com)
Lazarus Group Impersonates Recruiter from Meta to Target Spanish Aerospace Firm (thehackernews.com)
USPS Anchors Snowballing Smishing Campaigns (darkreading.com)
Phishing, Smishing Surge Targets USPS - Infosecurity Magazine (infosecurity-magazine.com)
Artificial Intelligence
Bing Chat's ads unleash malware mayhem: Users lured into dangerous websites - OnMSFT.com
Protecting against FraudGPT, ChatGPT's evil twin - Help Net Security
The top AI cyber crime threats and solutions | Inquirer Technology
Kaspersky Issues Crimeware Report, Uncovers “WormGPT” | MSSP Alert
The big debate: is AI a blessing or curse for cyber security? - Raconteur
Global internet freedoms fell again last year as the threat of AI looms (therecord.media)
LLMs lower the barrier for entry into cyber crime - Help Net Security
Will generative AI really supercharge phishing attacks? - Tech Monitor
Are we doomed to make the same security mistakes with AI? (securityintelligence.com)
AI facial recognition: Campaigners and MPs call for ban - BBC News
Malware
Hackers are spreading malware through Indeed job messages | Digital Trends
Cyber criminals Using New ASMCrypt Malware Loader Flying Under the Radar (thehackernews.com)
There's a dangerous new malware-as-a-service on the rise - here's what you need to know | TechRadar
North Korea's Lazarus Group upgrades its main malware • The Register
Prolific malware and botnet operator Qakbot still operating despite FBI takedown - SiliconANGLE
Hundreds of malicious Python packages found stealing sensitive data (bleepingcomputer.com)
Mobile
Bad BYOD facilitates most ransomware attacks, says Microsoft • The Register
Android's October 2023 Security Updates Patch Two Exploited Vulnerabilities - Security Week
Backdoored Android phones, TVs used for ad fraud - and worse! - Help Net Security
Are executives adequately guarding their gadgets? - Help Net Security
Botnets
Denial of Service/DoS/DDOS
Flights grounded by DDoS cyber attack on Russia's airports (techmonitor.ai)
Cloudflare DDoS protections ironically bypassed using Cloudflare (bleepingcomputer.com)
Royal Family's official website targeted in cyber attack | UK News | Sky News
Global events fuel DDoS attack campaigns - Help Net Security
BYOD
Bad BYOD facilitates most ransomware attacks, says Microsoft • The Register
Are executives adequately guarding their gadgets? - Help Net Security
Internet of Things – IoT
Backdoored Android phones, TVs used for ad fraud - and worse! - Help Net Security
Eyes everywhere: How to safely navigate the IoT video revolution - Help Net Security
FDA cyber mandates for medical devices goes into effect | CyberScoop
Data Breaches/Leaks
European Telecommunications Standards Institute Discloses Data Breach - Security Week
MOVEit cyber attacks: keeping tabs on the biggest data theft of 2023 - The Verge
SiegedSec Hacktivists Claim to Have Stolen 3,000 NATO Files in Second Attack | MSSP Alert
Blackbaud Pays $49.5M to Settle With State AGs in Breach (inforisktoday.com)
Sony confirms data breach impacting thousands in the US (bleepingcomputer.com)
DNA testing service 23andMe investigating theft of user data | CyberScoop
Organised Crime & Criminal Actors
Odds Are 1 in 4 Americans Will Fall Victim to Online Crime (prnewswire.com)
People Still Matter in Cyber security Management (darkreading.com)
Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain
Crypto firms beware: Lazarus’ new malware can now bypass detection (cointelegraph.com)
There's a dangerous new malware-as-a-service on the rise - here's what you need to know | TechRadar
The crypto market bears the scars of FTX's collapse | Reuters
Insider Risk and Insider Threats
Many Cyber Attacks Begin by Breaking Human Trust (govtech.com)
Tech-savvy young workers might be the biggest cyber liability to your business | TechRadar
Younger employees more likely to have unsafe cyber security habits (betanews.com)
Addressing the People Problem in Cyber security - Security Week
Fraud, Scams & Financial Crime
Online fraud can cost you more than money - Help Net Security
The crypto market bears the scars of FTX's collapse | Reuters
How to deal with your brand's doppelgangers | Kaspersky official blog
Visa Program Combats Friendly Fraud Losses For Small Businesses Globally (darkreading.com)
Impersonation Attacks
Lazarus Group Impersonates Recruiter from Meta to Target Spanish Aerospace Firm (thehackernews.com)
Supply Chain Attackers Escalate With GitHub Dependabot Impersonation (darkreading.com)
AML/CFT/Sanctions
Insurance
Moody’s global cyber survey finds 50% rise in cyber insurance premiums | Global Reinsurance
Insurance Companies Have a Lot to Lose in Cyber attacks (darkreading.com)
Supply Chain and Third Parties
Software Supply Chain
Software firms under cyber attack | Microscope (computerweekly.com)
Upstream Supply Chain Attacks Triple in a Year - Infosecurity Magazine (infosecurity-magazine.com)
Supply Chain Attackers Escalate With GitHub Dependabot Impersonation (darkreading.com)
Cloud/SaaS
Threats in cloud top list of executive cyber concerns, PwC finds | CIO Dive
LUCR-3: Scattered Spider Getting SaaS-y in the Cloud (thehackernews.com)
AWS Using MadPot Decoy System to Disrupt APTs, Botnets - Security Week
Fast-Growing Dropbox Campaign Steals Microsoft SharePoint Credentials (darkreading.com)
EvilProxy uses indeed.com open redirect for Microsoft 365 phishing (bleepingcomputer.com)
Hybrid/Remote Working
Encryption
API
The Silent Threat of APIs: What the New Data Reveals About Unknown Risk (darkreading.com)
APIs: Unveiling the Silent Killer of Cyber Security Risk Across Industries (thehackernews.com)
Open Source
Passwords, Credential Stuffing & Brute Force Attacks
Biometrics
AI facial recognition: Campaigners and MPs call for ban - BBC News
The rise and fall of Clearview.AI and the evolution of facial recognition - SiliconANGLE
Social Media
Norway Urges Europe-Wide Ban on Meta's Targeted Ad Data Collection (darkreading.com)
Lazarus Group Impersonates Recruiter from Meta to Target Spanish Aerospace Firm (thehackernews.com)
Elon Musk ‘Cut Off Good Guys, Empowered Bad’: Stanford Cyber security Wonk - The Messenger
Malvertising
Training, Education and Awareness
Addressing the People Problem in Cyber security - Security Week
How to Improve Cyber security Awareness and Training (trendmicro.com)
Parental Controls and Child Safety
Regulations, Fines and Legislation
Cyber experts urge EU to rethink vulnerability disclosure plans | Computer Weekly
Companies are already feeling the pressure from upcoming US SEC cyber rules | CSO Online
Blackbaud Pays $49.5M to Settle With State AGs in Breach (inforisktoday.com)
Models, Frameworks and Standards
Breaches Are the Cost of Doing Business, but NIST Is Here to Help (darkreading.com)
What is Compliance as a Service (CaaS)? - Definition from WhatIs.com (techtarget.com)
Careers, Working in Cyber and Information Security
UK government plans 2,500 new tech recruits by 2025 with focus on cyber security | CSO Online
Up to 500,000 staff required to field off growing cyber security threat to Europe | Business Post
Blue teams on the edge: cyber pros seem to hate their jobs | Cybernews
Soft skills continue to challenge the cyber security sector - Help Net Security
Law Enforcement Action and Take Downs
Prolific malware and botnet operator Qakbot still operating despite FBI takedown - SiliconANGLE
UK student found guilty of 3D printing 'kamikaze' drone • The Register
Privacy, Surveillance and Mass Monitoring
Surge in workplace monitoring prompts new ICO guidelines on employee privacy | ITPro
AI facial recognition: Campaigners and MPs call for ban - BBC News
Norway Urges Europe-Wide Ban on Meta's Targeted Ad Data Collection (darkreading.com)
Misinformation, Disinformation and Propaganda
Nation State Actors, Advanced Persistent Threats (APTs), Cyber Warfare and Cyber Espionage
Misc Nation State, Cyber Warfare and Cyber Espionage
Espionage fuels global cyber attacks - Microsoft On the Issues
Microsoft: Nation-state cyber espionage on rise in 2023 | Computer Weekly
The sixth domain: The role of the private sector in warfare - Atlantic Council
How this unassuming cable became the world’s most powerful weapon (telegraph.co.uk)
Russia
Russian Cyber Attacks in 2023: Shifting Patterns, Goals, and Capacities
Russian Hacktivism Takes a Toll on Organisations in Ukraine, EU, US (darkreading.com)
Russia-Ukraine war: Cyber space is the latest frontline | Semafor
Flights grounded by DDoS cyber attack on Russia's airports (techmonitor.ai)
Ukrainian Man Calls Russian Tech Support to Help With Captured Tank: Report (businessinsider.com)
China
Iran
North Korea
North Korea's Lazarus Group upgrades its main malware • The Register
Crypto firms beware: Lazarus’ new malware can now bypass detection (cointelegraph.com)
Lazarus Group Impersonates Recruiter from Meta to Target Spanish Aerospace Firm (thehackernews.com)
North Korea goes phishing in South’s shipyards • The Register
Vulnerability Management
Vulnerabilities
CISA Adds Two Known Exploited Vulnerabilities to Catalog, Removes Five KEVs | CISA
Exploit released for Microsoft SharePoint Server auth bypass flaw (bleepingcomputer.com)
Microsoft Edge, Teams get fixes for zero-days in open-source libraries (bleepingcomputer.com)
A new Chrome 0-day is sending the Internet into a new chapter of Groundhog Day | Ars Technica
Apple fixed the 17th zero-day flaw exploited in attacks (securityaffairs.com)
Apple Warns of Newly Exploited iOS 17 Kernel Zero-Day - Security Week
Move Over, MOVEit: Critical Progress Bug Infests WS_FTP Software (darkreading.com)
Mass exploitation attempts against WS_FTP have begun • The Register
Millions of Exim mail servers exposed to zero-day RCE attacks (bleepingcomputer.com)
Critical zero-days in Exim revealed, only 3 have been fixed - Help Net Security
Patch Confusion for Critical Exim Bug Puts Email Servers at Risk--Again (darkreading.com)
Microsoft won’t say if its products were exploited by spyware zero-days | TechCrunch
Companies Address Impact of Exploited Libwebp Vulnerability - Security Week
Zero-day in Arm GPU drivers exploited in targeted attacks (CVE-2023-4211) - Help Net Security
Arm warns of Mali GPU flaws likely exploited in targeted attacks (bleepingcomputer.com)
Qualcomm says hackers exploit 3 zero-days in its GPU, DSP drivers (bleepingcomputer.com)
Atlassian patches critical Confluence zero-day exploited in attacks (bleepingcomputer.com)
Vulnerabilities in Supermicro BMCs could allow for unkillable server rootkits | Ars Technica
Tools and Controls
Does your security program suffer from piecemeal detection and response? (securityintelligence.com)
The Silent Threat of APIs: What the New Data Reveals About Unknown Risk (darkreading.com)
APIs: Unveiling the Silent Killer of Cyber Security Risk Across Industries (thehackernews.com)
5 common browser attacks and how to prevent them | TechTarget
Rationalizing Your Hybrid Cloud Security Tools (securityintelligence.com)
Protecting your IT infrastructure with Security Configuration Assessment (SCA) (thehackernews.com)
The big debate: is AI a blessing or curse for cyber security? - Raconteur
Is your threat protection giving you a false sense of cyber security? | The Independent
Quash EDR/XDR Exploits With These Countermeasures (darkreading.com)
How to Improve Cyber security Awareness and Training (trendmicro.com)
Reports Published in the Last Week
Other News
Cyber attacks on UK pension funds on the rise – study | Pensions & Investments (pionline.com)
The trust deficit in CNI: How to address a growing concern | Computer Weekly
10 Emerging Cyber security Threats And Hacker Tactics In 2023 | CRN
Lyca Mobile UK Confirm Cyber Attack Responsible for Disruption - ISPreview UK
Global internet freedoms fell again last year as the threat of AI looms (therecord.media)
How Private Equity Firms Can Protect ‘Treasure Trove’ from Digital Threats (ai-cio.com)
10 Routine Security Gaffes the Feds Are Begging You to Fix (darkreading.com)
NSA: Here Are the Dumbest Cyber security Mistakes We See at Large Organisations (pcmag.com)
Edinburgh Trams websites targeted by 'potential cyber attack' - Edinburgh Live
Making Sense of Today's Payment Cyber security Landscape (darkreading.com)
GAO tears into State Department's cyber security management • The Register
First pan-European cyber analysis centre opens (airportsinternational.com)
Mobile customers unable to make or receive calls after firm hit by cyber attack - Mirror Online
Malicious HDMI Cables Steals Photos, Videos, and Location Data (gbhackers.com)
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
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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