Black Arrow Cyber Threat Briefing 17 May 2024

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

Social Engineering is the Biggest Cyber Threat, as Study Finds Most Workers Have Clicked on a Suspicious Email Link

According to a recent report, half of office workers have clicked on a link or attachment within a suspicious email sent to their work address within the last 12 months, and of those that interacted with the email, half of them claimed to be confident in their ability to identify phishing emails.

With 68% of breaches involving the human element, your organisation must be cognisant of its employees. Hackers know that no matter what your tech stack is, you will always have employees and where there is an employee, there is a way into your organisation. It is far cheaper to exploit an employee who already has the access you require, than to develop a new exploit. It only takes one human to make a mistake by granting access to an attacker.  

When it came to training, only 41% of respondents said their employer had provided formal cyber security awareness training and 79% said their previous training is not sufficient to keep pace with modern cyber threats.

Source: [HackerNoon] [BusinessPlus]

Business Leaders are Stressing Out Over Pace of Technological Change, as Cyber Security Incidents Seen as Main Business Disruptor

A recent report commissioned by BT reveals that 86% of UK business leaders suffer from 'tech-related stress,' particularly concerning AI and cyber security, a phenomenon they have termed as 'Bytmares.' The report found that 59% of business leaders worry about the rapid and relentless pace of tech advancement, and whether appropriate controls are in place to protect it.

According to a different survey, 74% of business leaders view cyber security incidents as the main disruptive threat to their organisations either currently or over the next twelve months. This was followed by cloud computing, internet of things and artificial intelligence.

These findings highlight the critical importance of robust cyber security measures in today’s interconnected world. As organisations increasingly rely on digital infrastructure, safeguarding sensitive data and systems becomes paramount. Cyber threats can disrupt operations, compromise customer trust, and result in financial losses. Remember, cyber security is not just an IT concern; it is a strategic imperative for every organisation.

Sources: [Beta News] [Telecoms] [Verdict]

ICO Warns That Many UK Businesses Neglect Basic Cyber Security: More Ransomware and Cyber Attacks Last Year Than Ever Before

A recent update from the UK’s Information Commissioner’s Office (ICO) has revealed that ransomware attacks in the UK have surpassed all previous years, up 52% from the previous year. The report found that finance, retail and education sectors are suffering the most incidents.

The leading causes of breaches include phishing, brute force attacks, errors and supply chain attacks. The ICO noted that many organisations still neglect basic cyber security measures and has called for enhanced efforts to combat the escalating threat, emphasising the importance of foundational controls.

Sources: [Tech Monitor] [Government Business] [The Record Media] [Tech Monitor]

Data Breaches are Getting Worse, Many are Employee Errors or Social Engineering Attacks

The latest Verizon Business Data Breach Investigations Report (DBIR) highlights that employee error is the leading cause of cyber security incidents in the EMEA region, accounting for 49% of cases. The top reasons for these incidents are “miscellaneous errors, system intrusion, and social engineering,” making up 87% of all breaches. Hackers primarily target personal information (64%), internal data (33%), and login credentials (20%). Despite zero-day vulnerabilities being a significant threat, with exploitation rising to 14% of breaches, the report emphasises the critical need for ongoing employee training and awareness to mitigate these risks.

Source: [TechRadar]

Why Cyber Insurance isn’t a Substitute for Cyber Risk Management

While cyber insurance can be beneficial in mitigating financial loss from cyber attacks, it is not a substitute for comprehensive cyber risk management. Many firms with cyber insurance have still fallen victim to attacks, highlighting that cyber insurance primarily transfers residual risk. Effective cyber risk management includes conducting proper risk assessments and implementing robust cyber security controls. Cyber insurance cannot resolve issues like business disruption, breach of client confidentiality, and compliance with legal obligations; this stresses the need for proactive measures and independent assurance to protect against cyber threats.

Source: [ Law Society of Scotland]

China Presents Defining Challenge to Global Cyber Security, Says GCHQ

A recent speech by the new director of the UK’s GCHQ highlighted China's growing cyber threat, describing it as an "epoch-defining challenge." She warned that China's destabilising actions undermine global internet security. The current head of the UKs’ NCSC echoed these concerns, pointing to the Chinese state-sponsored hacking group Volt Typhoon which has infiltrated critical sectors like energy and transportation. The National Cyber Director at the White House added that China’s cyber capabilities pose a significant threat to global infrastructure, particularly in crisis scenarios, as Chinese hackers increasingly use sophisticated techniques to pre-position within networks.

Source: [Infosecurity Magazine]

Botnet Sent Millions of Emails in LockBit Black Ransomware Campaign

Since April, millions of phishing emails have been sent through a botnet known as “Phorpiex” to conduct a large-scale LockBit Black ransomware campaign. In a warning from New Jersey’s Cybersecurity and Communications Integration Cell, it was explained that the attackers use ZIP attachments containing an executable that deploys the LockBit Black payload, which encrypts the recipients' systems if launched. The emails are sent from 1,500 unique IP addresses worldwide.

Sources: [Bleeping Computer]

Global Financial Stability at Risk Due to Cyber Threats, IMF warns

A new International Monetary Fund (IMF) report highlights the severe threat cyber attacks pose to global financial stability, revealing that nearly 20% of reported cyber incidents in the past two decades targeted the financial sector, causing $12 billion in direct losses. Since 2020, these attacks have led to an estimated $2.5 billion in direct losses. The report underscores that cyber incidents threaten financial institutions' operational resilience, potentially leading to funding challenges and reputational damage. The IMF calls for bolstered cyber security measures, including stress testing, information-sharing arrangements, and enhanced national cyber security strategies to mitigate these growing risks.

Source: [World Economic Forum]

Ongoing Campaign Bombards Enterprises with Spam Emails and Phone Calls

An ongoing social engineering campaign that is bombarding enterprises with spam calls and emails has been uncovered. The campaign involves a threat actor overwhelming a user’s email with junk, followed by a call offering to assist in removing the junk. From here, the threat actor aims to convince the victim to download remote monitoring and management software such as AnyDesk or Microsoft’s built in Quick Assist feature to allow the attacker remote access to the victim’s machine.

Source: [The Hacker News]

Santander Data Breach via Third-Party Provider Impacted Customers and Employees

A recent disclosure by the Spanish bank Santander revealed a data breach at a third-party provider affecting customers in Chile, Spain, and Uruguay. Unauthorised access to a database hosted by the provider compromised information on all current and some former employees, but did not include transactional data, online banking details, or passwords. Santander said they swiftly implemented measures to contain the incident, blocking access to the compromised database and enhancing fraud prevention controls. The bank assured that its operations and systems remain unaffected, allowing customers to continue transacting securely. The number of impacted individuals remains unspecified.

There is a continued trend in third party providers being used as the soft underbelly to attack larger and better defended organisations, requiring all organisations to consider the security controls of their third parties.

Source: [securityaffairs.com]

40% of Cyber Teams Have Held Back from Reporting Cyber Attacks Over Fear of Losing Jobs

Recent research has revealed that 40% of cyber teams have not reported a cyber attack due to the fear of losing their job. Unfortunately, this leaves businesses at risk of being non-compliant, without even knowing so. When it came to challenges faced by organisations, it was found that nearly 20% of companies say a lack of qualified talent is a key challenge to overcoming cyber attacks and 32% did not have the resources to hire new staff. This is not to say however, they are unable to outsource some of their cyber function to cyber specialists. This lack of allocated resources prevents the organisation from being confident that any incidents have been appropriately remediated.

Source: [Business Wire]

Digital Resilience – a Step Up from Cyber Security

In an increasingly digital world, many organisations are unaware of how truly reliant they are on digital technology, and the accompanying risks. As we move toward an even more digitally dependent future, the need for digital resilience is more critical than ever. Digital resilience refers to the ability to maintain, change, or recover technology-dependent operations. Organisations should begin with an internal audit to assess their digital resilience, involving all departments and ensuring senior management oversight, as board involvement is essential for effective cyber security programmes.

Digital resilience goes beyond cyber security to encompass change management, business resilience, and operational risk. Implementing digital resilience strategies requires continuous adaptation, cross-functional collaboration, and embedding resilience thinking throughout the organisation. Businesses must integrate digital resilience into their strategic planning to ensure ongoing competitiveness and adaptability in an ever-evolving digital landscape.

Sources: [CSO Online] [CSO Online]

UK Lags Europe on Exploited Vulnerability Remediation

A new report by Bitsight reveals that UK organisations lag behind their European counterparts in remediating software flaws listed in the US ‘Known Exploited Vulnerability’ (KEV) catalogue. UK organisations take an average of 225 days to address KEVs, compared to 220 days for European entities and just 21 days for German organisations. Non-KEV vulnerabilities are patched at an even slower rate, with UK entities taking over two years (736 days) to patch. Globally, the average time to resolve KEVs is around six months (180 days). Despite fewer KEVs detected in UK environments (30% versus 43% in Europe), the slow remediation poses significant risks, emphasising the need for faster and more proactive cyber security measures, specifically robust vulnerability scanning and patching.

Source: [Infosecurity Magazine]

Cyber Threats Demand More Focus Says Zurich, as UK Insurance And NCSC Join Forces to Fight Ransomware Payments

A recent discussion at the British Insurance Brokers' Association (BIBA) conference highlighted the increasing importance of cyber security for businesses, driven by the surge in cyber attacks and the use of AI by criminal gangs. Zurich Resilience Solutions UK noted that businesses face greater scrutiny from underwriters over their cyber exposures.

BIBA, together with the Association of British Insurers (ABI), and the International Underwriting Association (IUA), have united with the UK’s National Cyber Security Centre (NCSC) in a joint effort to tackle ransom payments. As a result of their collaboration, they have published new best practice guidance, which aims to reduce the number of payments being made by UK victims as well as the disruption businesses face.

Source: [Emerging Risks] [NCSC] [Infosecurity Magazine]

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Governance, Risk and Compliance

• ICO calls on all organisations to boost their cyber security amid growing threat of cyber attacks | Practical Law (thomsonreuters.com)

• Firms neglecting cyber security basics - ICO - CIR Magazine

• Why cyber insurance isn’t a substitute for cyber risk management. | Law Society of Scotland (lawscot.org.uk)

• Business leaders consider cyber security main disruptor – Q1 2024 survey - Verdict

• 40% of Cyber Teams Have Not Reported Cyber Attacks Over Fear of Losing Jobs, According to New VikingCloud Research | Business Wire

• The Growing Cyber Security Disconnect Leaves Enterprises Exposed (forbes.com)

• Cyber Security Is a Top Investor Concern | HackerNoon

• Cyber threats demand more focus – Zurich (emergingrisks.co.uk)

• Digital resilience – a step up from cyber security | CSO Online

• Keep it secret, keep it safe: the essential role of cyber security in document management | CSO Online

• Cyber anxiety on the rise in the UK (betanews.com)

• UK business leaders are stressing out over pace of technological change (telecoms.com)

• Dancing on the Head of a Pin: Corporate Boards, Committees and Cyber Security Risk Management | The Volkov Law Group - JDSupra

• 44% of Cyber Security Professionals Struggle with Regulatory Compliance - Infosecurity Magazine (infosecurity-magazine.com)

• Cyber attacks threaten global financial stability, IMF warns | World Economic Forum (weforum.org)

• BISO: Enhancing cyber security in modern enterprises - SiliconANGLE

• Dell Data Breach Underscores Cost of Cyber Security Complacency (pymnts.com)

• What Is Cyber Risk Quantification? | HackerNoon

• Cyber and Financial Crime, Through the FBI Lens (govinfosecurity.com)

• A Third of CISOs Have Been Dismissed “Out of Hand” By the Board - Infosecurity Magazine (infosecurity-magazine.com)

• Maximizing cyber security ROI: A strategic approach | TechRadar

• Many CISOs don't feel they get the right respect from their board | TechRadar

• Cyber high on agenda at BIBA amid concerns over threats (emergingrisks.co.uk)

• Lloyd’s updates cyber war wordings - Reinsurance News

• Are you meeting your cyber insurance requirements? - Help Net Security

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Threats

Ransomware, Extortion and Destructive Attacks

• Botnet sent millions of emails in LockBit Black ransomware campaign (bleepingcomputer.com)

• UK hit by more ransomware and cyber attacks last year than ever before (therecord.media)

• The ups and downs (and ups again) of the ransomware risk - Digital Journal

• Hackers Target Children of Corporate Executives in Ransomware Attacks (businessinsider.com)

• CISA: Black Basta ransomware breached over 500 orgs worldwide (bleepingcomputer.com)

• Cyber attacks leave significant financial impact on hacked organisations (kwch.com)

• As the FBI Closes In, Scattered Spider Attacks Finance, Insurance Orgs (darkreading.com)

• UK Insurance and NCSC Join Forces to Fight Ransomware Payments - Infosecurity Magazine (infosecurity-magazine.com)

• UK insurance industry begins to acknowledge role in tackling ransomware (therecord.media)

• The UK may not have a choice on a ransomware payment ban | Computer Weekly

• 64% Jump in Ransomware Claims on Remote Access Tools, Report Shows (claimsjournal.com)

• Cyber Criminals Exploiting Microsoft's Quick Assist Feature in Ransomware Attacks (thehackernews.com)

• Organisations struggle to defend against ransomware - Help Net Security

• Ransomware statistics that reveal alarming rate of cyber extortion - Help Net Security

• Most ransomware-hit enterprises report to authorities, but level of support varies | ZDNET

• Ransomware negotiator weighs in on the payment debate • The Register

• OODA Loop - The Social Engineering Tactics of Ransomware-as-a-Service Operator Black Basta

• INC ransomware source code selling on hacking forums for $300,000 (bleepingcomputer.com)

• What is ransomware recovery? | Definition from TechTarget

• Ransomware Defence Strategies: Never Trust a Criminal (inforisktoday.com)

Ransomware Victims

• More than 470 legal actions against HSE over cyber attack (rte.ie)

• It's been a bad week for public cyber security | TechRadar

• Christie's Just Postponed the Rare Watches Auction Due to Cyber Attack (robbreport.com)

• Singing River Health System: Data of 895,000 stolen in ransomware attack (bleepingcomputer.com)

• Repeat Offenders: Black Basta’s Latest Healthcare Cyber Attack (informationweek.com)

• E-prescription provider MediSecure impacted by a ransomware attack (securityaffairs.com)

Phishing & Email Based Attacks

• Social Engineering is the Biggest Cyber Threat | HackerNoon

• Most Workers Have Clicked on a Suspicious Email Link (businessplus.ie)

• Botnet sent millions of emails in LockBit Black ransomware campaign (bleepingcomputer.com)

• Stay In The Loop On Emerging And Evolving Email Threat Trends (informationsecuritybuzz.com)

• Collaboration tools are now at the frontline in the battle against phishing (securitybrief.co.nz)

• 5 Common Phishing Vectors and Examples - 2024 (cybersecuritynews.com)

BEC

• Visualizing Global Losses from Financial Scams (visualcapitalist.com)

Other Social Engineering

• Social Engineering is the Biggest Cyber Threat | HackerNoon

• Low-tech tactics still top the IT security risk chart | CSO Online

• Ongoing Campaign Bombards Enterprises with Spam Emails and Phone Calls (thehackernews.com)

• What is vishing and quishing, and how do you protect yourself? | PCWorld

• Beware of fake calls, ward off cyber criminals: Govt - The Statesman

• OODA Loop - The Social Engineering Tactics of Ransomware-as-a-Service Operator Black Basta

Artificial Intelligence

• UK Government Unveils New AI Cyber Security Measures as ICO Details Importance of Data Protection | The Fintech Times

• UK agency releases tools to test AI model safety | TechCrunch

• Security industry struggles to consolidate against AI threats - SiliconANGLE

• Cyber Security Races to Unmask New Wave of AI Deepfakes (darkreading.com)

• Only one-third of firms deploy safeguards against generative AI threats, report finds | CIO Dive

• CISOs Reconsider Their Roles in Response to GenAI Integration - Security Boulevard

• AI's rapid growth puts pressure on CISOs to adapt to new security risks - Help Net Security

• Insider Risk in the Generative AI Era - InfoRiskToday

• AI-driven attacks seen as chief cloud security threat | TechTarget

• Concern over AI cyber threats among UK infrastructure organisations | Security News (sourcesecurity.com)

• The Cyber Security Survival Guide For Generative AI (forbes.com)

2FA/MFA

• How to Prevent Attacks that Bypass MFA - InfoRiskToday

Malware

• Malware was almost 50% of threat detections in Q1 2024 | Security Magazine

• North Korean Hackers Deploy New Golang Malware 'Durian' Against Crypto Firms (thehackernews.com)

• FIN7 Hacker Group Leverages Malicious Google Ads to Deliver NetSupport RAT (thehackernews.com)

• Microsoft fixes Windows zero-day exploited in QakBot malware attacks (bleepingcomputer.com)

• Ebury botnet malware infected 400,000 Linux servers since 2009 (bleepingcomputer.com)

• Kimsuky hackers deploy new Linux backdoor via trojanized installers (bleepingcomputer.com)

• Man destroys his laptop after downloading 1,000 viruses to see which anti-virus software works the best (unilad.com)

Mobile

• Malicious Android Apps Pose as Google, Instagram, WhatsApp to Steal Credentials (thehackernews.com)

• Google Issues Critical Update For Millions Of Pixel Users (forbes.com)

• Apple Patch Day: Code Execution Flaws in iPhones, iPads, macOS - Security Week

• Threat actors may have exploited a zero-day in older iPhones, Apple warns (securityaffairs.com)

• Apple warns of increased iPhone security risks – Computerworld

• Apple and Google agree on standard to alert people when unknown Bluetooth devices may be tracking them | TechCrunch

• Protect against iPhone trojan GoldPickaxe: How-to - 9to5Mac

• Unwanted Tracking Alerts Rolling Out to iOS, Android - Security Week

• Apple blocked $7 billion in fraudulent App Store purchases in 4 years (bleepingcomputer.com)

• Android boosting security with Theft Detection Lock, factory reset protection  (9to5google.com)

• Data Privacy: All the Ways Your Cellphone Carrier Tracks You and How to Stop It

• Your Android phone could have stalkerware — here’s how to remove it | TechCrunch

Internet of Things – IoT

• Attack makes autonomous vehicle tech ignore road signs • The Register

• Millions of IoT Devices at Risk From Integrated Modem (darkreading.com)

• Prison for cyber security expert selling private videos from inside 400,000 homes (bitdefender.com)

• IoT Vulnerabilities and BotNet Infections: A Risk for Executives - Security Boulevard

Data Breaches/Leaks

• Over 5.3 billion data records exposed in April 2024 | Computer Weekly

• MoD contractor hacked by China failed to report breach for months | Hacking | The Guardian

• Data breaches are getting worse - and many are coming from a familiar source | TechRadar

• Notorious threat actor IntelBroker claims the hack of the Europol (securityaffairs.com)

• Hacker claims another breach into Dell systems | SC Media (scmagazine.com)

• Dell Data Breach Underscores Cost of Cyber Security Complacency (pymnts.com)

• Hacker claims to have stolen Dell customer data, twice. Here's how to protect yourself | ZDNET

• Santander Data Breach Impacts Customers, Employees - Security Week

• Employee data breaches up 41% - Personnel Today

• The legal sector's data breach conundrum: insights from ICO's latest report - Solicitors Journal

• JPMorgan Chase Suffers Data Breach Affecting Personal Information of 451,809 Customers - The Daily Hodl

• JPMorgan Fixes Security Flaw, Affects 450K Retirement Plans | Entrepreneur

• Europol confirms incident after data break-in claims • The Register

• Largest non-bank lender in Australia warns of a data breach (bleepingcomputer.com)

• Guernsey data breaches: More than 1,000 people affected - BBC News

• Up to 120,000 affected by data breach at City of Helsinki (helsinkitimes.fi)

• Billion-Dollar Bank Sued After Revealing Massive Data Breach Affecting Thousands of Customers, Exposing Account Details, Social Security Numbers and Medical Information: Report - The Daily Hodl

• Okta’s security chief on the company’s own cyber attack and how the ‘battleground’ has shifted (therecord.media)

• Camden Council cyber attack warning after NRS Healthcare cyber attack | Ham & High (hamhigh.co.uk)

• Lessons learned from high-profile data breaches | TechTarget

• Zscaler Confirms Only Isolated Test Server Was Hacked - Security Week

• Nissan North America data breach impacts over 53,000 employees (bleepingcomputer.com)

Organised Crime & Criminal Actors

• FBI, DoJ Shut Down BreachForums, Launch Investigation (darkreading.com)

• Cyber and Financial Crime, Through the FBI Lens (govinfosecurity.com)

• FBI working towards nabbing Scattered Spider hackers, official says | Reuters

• Low-tech tactics still top the IT security risk chart | CSO Online

• The Growing Cyber Threat Landscape: Insights into State-Sponsored and Criminal Cyber Activities | HackerNoon

• Top 5 Most Dangerous Cyber Threats in 2024 (darkreading.com)

• Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• North Korean Hackers Deploy New Golang Malware 'Durian' Against Crypto Firms (thehackernews.com)

• Tornado Cash cryptomixer dev gets 64 months for laundering $2 billion (bleepingcomputer.com)

• US brothers arrested for stealing $25m in crypto in just 12 seconds - BBC News

Insider Risk and Insider Threats

• Low-tech tactics still top the IT security risk chart | CSO Online

• Data breaches are getting worse - and many are coming from a familiar source | TechRadar

• Insider Risk in the Generative AI Era - InfoRiskToday

• The Human Element in Cyber Security: Safeguarding your organisation (thebusinessmagazine.co.uk)

• CISOs call to ditch the 'stigma of blame' in cyber security (computing.co.uk)

Insurance

• Why cyber insurance isn’t a substitute for cyber risk management. | Law Society of Scotland (lawscot.org.uk)

• NCSC guide to help businesses facing ransomware demands (biba.org.uk)

• UK insurance industry begins to acknowledge role in tackling ransomware (therecord.media)

• UK Insurance and NCSC Join Forces to Fight Ransomware Payments - Infosecurity Magazine (infosecurity-magazine.com)

• Lloyd’s provides tighter guidance on cyber war wordings | Insurance Insider

• Cyber high on agenda at BIBA amid concerns over threats (emergingrisks.co.uk)

• Are you meeting your cyber insurance requirements? - Help Net Security

Supply Chain and Third Parties

• Most Companies Affected by Software Supply Chain Attacks in the Last Year, Struggling to Detect and React Effectively - IT Security Guru

• Santander: a data breach at a third-party provider impacted customers and employees (securityaffairs.com)

• MoD contractor hacked by China failed to report breach for months | Hacking | The Guardian

• Okta’s security chief on the company’s own cyber attack and how the ‘battleground’ has shifted (therecord.media)

Cloud/SaaS

• How to create a cloud security policy, step by step | TechTarget

• AI-driven attacks seen as chief cloud security threat | TechTarget

• Singapore Cyber Security Update Puts Cloud Providers on Notice (darkreading.com)

• Secrecy Concerns Mount Over Spy Powers Targeting US Data Centres | WIRED

Encryption

• You want us to think of the children? Couldn't agree more • The Register

Linux and Open Source

• Ebury botnet malware infected 400,000 Linux servers since 2009 (bleepingcomputer.com)

• Kimsuky hackers deploy new Linux backdoor via trojanized installers (bleepingcomputer.com)

• Establishing a security baseline for open source projects - Help Net Security

Passwords, Credential Stuffing & Brute Force Attacks

• The 10 most common 4-digit PIN numbers — are you at risk of a cyber attack? (nypost.com)

Social Media

• It’s time to ban TikTok for the sake of our democracy and security (politicshome.com)

Training, Education and Awareness

• The Future of Security Awareness - GovInfoSecurity

• The Human Element in Cyber Security: Safeguarding your organisation (thebusinessmagazine.co.uk)

Regulations, Fines and Legislation

• Singapore Cyber Security Update Puts Cloud Providers on Notice (darkreading.com)

• Clock is ticking for companies to prepare for EU NIS2 Directive | CSO Online

• Nigeria Halts Cyber Security Tax After Public Outrage (darkreading.com)

Models, Frameworks and Standards

• Clock is ticking for companies to prepare for EU NIS2 Directive | CSO Online

Careers, Working in Cyber and Information Security

• The cyber security skills shortage: A CISO perspective | CSO Online

• Why cyber security staff burn out, and what to do about it (computing.co.uk)

Law Enforcement Action and Take Downs

• As the FBI Closes In, Scattered Spider Attacks Finance, Insurance Orgs (darkreading.com)

• FBI, DoJ Shut Down BreachForums, Launch Investigation (darkreading.com)

• Most ransomware-hit enterprises report to authorities, but level of support varies | ZDNET

• Prison for cyber security expert selling private videos from inside 400,000 homes (bitdefender.com)

• Tornado Cash cryptomixer dev gets 64 months for laundering $2 billion (bleepingcomputer.com)

• US brothers arrested for stealing $25m in crypto in just 12 seconds - BBC News

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Nation State Actors, Advanced Persistent Threats (APTs), Cyber Warfare, Cyber Espionage and Geopolitical Threats/Activity

Cyber Warfare and Cyber Espionage

• Lloyd’s updates cyber war wordings - Reinsurance News

• Civil society under increasing threats from ‘malicious’ state cyber actors, US (therecord.media)

Nation State Actors

China

• Cyber threat landscape permanently altered by Chinese operations, US officials say (therecord.media)

• GCHQ boss says China's 'genuine' cyber threat 'weakens security of internet for all' | Science & Tech News | Sky News

• Tracking the Progression of Earth Hundun's Cyber espionage Campaign in 2024 | Trend Micro (US)

• When Chinese Nationalist Hackers Go Rogue (globelynews.com)

• Can't blame all Chinese cyber attacks on the government - Asia Times

• How the West has struggled to keep up with China’s spy threat - BBC News

• Stifling Beijing in cyber space big focus for UK operatives • The Register

• China focuses on non-military ways to take Taiwan, reports warn - Washington Times

• It’s time to ban TikTok for the sake of our democracy and security (politicshome.com)

• Asian Threat Actors Use New Techniques to Attack Familiar Targets (darkreading.com)

• Chinese Crime Ring Uses Franchise Model to Grow Fake Online Shops (businessinsider.com)

• Three men charged with aiding Hong Kong intelligence service, says Met | UK news | The Guardian

Russia

• Russia is ramping up sabotage across Europe (economist.com)

• File Not Found: Russia Is Hacking Evidence of Its War Crimes - War on the Rocks

• NATO Draws a Cyber Red Line in Tensions With Russia - Security Week

• Pro-Russia hackers targeted Kosovo government websites (securityaffairs.com)

• Russian Actors Weaponize Legitimate Services in Multi-Malware Attack - Infosecurity Magazine (infosecurity-magazine.com)

• UK 'increasingly concerned' about Russian intelligence links to hacktivists (therecord.media)

• To the Moon and back(doors): Lunar landing in diplomatic missions (welivesecurity.com)

• New backdoors on a European government's network appear to be Russian (therecord.media)

• 'Russian' hackers deface potentially hundreds of local British news sites (therecord.media)

• Investigation: How Russia's Warplanes Get Their 'Brain Power' From The West, Despite Sanctions

• The Three Seas Initiative: A Vanguard in Digitization and Cyber Security | Warsaw Institute

Iran

• Iran most likely to launch destructive cyber attack on US • The Register

North Korea

• Asian Threat Actors Use New Techniques to Attack Familiar Targets (darkreading.com)

• North Korean Hackers Deploy New Golang Malware 'Durian' Against Crypto Firms (thehackernews.com)

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Vulnerability Management

• Not Just MOVEit: 2023 Was a Banner Year for Zero-Days (inforisktoday.com)

• (Cyber) Risk = Probability of Occurrence x Damage (thehackernews.com)

• Critical vulnerabilities take 4.5 months on average to remediate - Help Net Security

• The Fall of the National Vulnerability Database (darkreading.com)

• Backlogs at National Vulnerability Database prompt action from NIST and CISA | CSO Online

• UK Lags Europe on Exploited Vulnerability Remediation - Infosecurity Magazine (infosecurity-magazine.com)

• Log4J shows no sign of fading, spotted in 30% of CVE exploits - Help Net Security

• NIST Confusion Continues as Cyber Pros Complain CVE Uploads Stopped - Infosecurity Magazine (infosecurity-magazine.com)

• Heartbleed: When Is It Good to Name a Vulnerability? (darkreading.com)

Vulnerabilities

• Google Chrome emergency update fixes 6th zero-day exploited in 2024 (bleepingcomputer.com)

• Google patches third exploited Chrome zero-day in a week (bleepingcomputer.com)

• Threat actors may have exploited a zero-day in older iPhones, Apple warns (securityaffairs.com) 

• Microsoft Patches 61 Flaws, Including Two Actively Exploited Zero-Days (thehackernews.com)

• Cyber Criminals Exploiting Microsoft's Quick Assist Feature in Ransomware Attacks (thehackernews.com)

• Microsoft fixes Windows zero-day exploited in QakBot malware attacks (bleepingcomputer.com)

• Log4J shows no sign of fading, spotted in 30% of CVE exploits - Help Net Security

• D-Link Routers Vulnerable to Takeover Via Exploit for Zero-Day (darkreading.com)

• New Wi-Fi Vulnerability Enables Network Eavesdropping via Downgrade Attacks (thehackernews.com)

• Intel Publishes 41 Security Advisories for Over 90 Vulnerabilities  - Security Week

• Google Issues Critical Update For Millions Of Pixel Users (forbes.com)

• Apple Patch Day: Code Execution Flaws in iPhones, iPads, macOS - Security Week

• CISA and FBI Issue Alert on Path Traversal Vulnerabilities - Security Boulevard

• VMware Patches Severe Security Flaws in Workstation and Fusion Products (thehackernews.com)

• Firefox 126: Telemetry, privacy feature, and security fixes - gHacks Tech News

• SAP Patches Critical Vulnerabilities in CX Commerce, NetWeaver - Security Week

• Adobe Patches Critical Flaws in Reader, Acrobat - Security Week

• Cisco Releases Security Updates for Multiple Products | CISA

• Microsoft shares temp fix for Outlook encrypted email reply issues (bleepingcomputer.com)

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Tools and Controls

• Why cyber insurance isn’t a substitute for cyber risk management. | Law Society of Scotland (lawscot.org.uk)

• Digital resilience – a step up from cyber security | CSO Online

• Dancing on the Head of a Pin: Corporate Boards, Committees and Cyber Security Risk Management | The Volkov Law Group - JDSupra

• How To Implement Threat Modeling To Protect Your Business - Minutehack

• How to create a cloud security policy, step by step | TechTarget

• Hackers use DNS tunneling for network scanning, tracking victims (bleepingcomputer.com)

• AWS CISO: In AI gold rush, folks forget application security • The Register

• What Is Cyber Risk Quantification? | HackerNoon

• Best Practices for Preparing for a Cyber Breach | ITPro Today: IT News, How-Tos, Trends, Case Studies, Career Tips, More

• Ridding your network of NTLM | CSO Online

• Maximizing cyber security ROI: A strategic approach | TechRadar

• What is ransomware recovery? | Definition from TechTarget

• The Human Element in Cyber Security: Safeguarding your organisation (thebusinessmagazine.co.uk)

• Addressing the Cyber Security Vendor Ecosystem Disconnect (darkreading.com)

• The Future of Security Awareness - GovInfoSecurity

• Microsoft Deploys Generative AI for US Spies | WIRED

• How to Think About Foundation Models for Cyber Security | Andreessen Horowitz (a16z.com)

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Reports Published in the Last Week

• Learning from the mistakes of others – A retrospective review | ICO

• 2024 Browser Security Report (layerxsecurity.com)

• At-Bay's 2024 InsurSec Report [Download Now]

• Kaspersky’s Incident Response Analyst report 2023 (kasperskycontenthub.com)

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Other News

• Microsoft president summoned to House over security blunders • The Register

• National Cyber Security Centre: Tech market not working - The Business Magazine

• Critical infrastructure security needs everyone's help • The Register

• Your Hospital Is Under Cyber Attack. Now What? (newsweek.com)

• BT, TalkTalk, Virgin Media and Vodafone on UK Router Security and Upgrades - ISPreview UK

• Hackers use DNS tunnelling for network scanning, tracking victims (bleepingcomputer.com)

• NCSC CTO: Broken market must be fixed to usher in new tech • The Register

• Public Sector IT is Broken: Turning the System Back On - IT Security Guru

• The Cyber Security Implications Of Gen Z’s Tech-Savvy Lifestyle (forbes.com)

• Fortify Your Digital Defences: Top Home Cyber Security Strategies for Personal Protection | HackerNoon

• Classes cancelled as 'sinister' school cyber attacks rise - BBC News

• Irony abounds as UK NCSC’s simple door codes revealed • The Register

• Candidates to get cyber security support amid general election interference fears (nation.cymru)

• NCSC launches Share and Defend capability | UKAuthority

• Too many ICS assets are exposed to the public internet - Help Net Security

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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 Advisory 15 May 2024 – Microsoft, Adobe, Apple, Mozilla Firefox, Google Chrome, SAP and VMware Updates

Executive summary

Microsoft’s May Patch Tuesday provides updates to address 61 security issues across its product range. Notably, the update tackles two actively exploited zero-day vulnerabilities. The zero-days include a security feature bypass and an elevation of privilege vulnerability. Among the updates provided by Microsoft were 1 critical vulnerability, allowing an attacker remote code execution.

In addition to the Microsoft updates this week also saw Adobe, Apple, Firefox, Google Chrome, SAP and VMware all provide updates for vulnerabilities in a variety of their products, including multiple zero-days and critical vulnerabilities.

What’s the risk to me or my business?

The actively exploited vulnerabilities could allow an unauthenticated attacker to gain code execution as well as elevating to system privileges, the highest available. Both of which compromise the confidentiality, integrity and availability of data stored by an organisation.

What can I do?

Security updates are available for all supported versions of Windows impacted. The updates should be applied as soon as possible for the actively exploited vulnerability and all other vulnerabilities that have an available patch should be updated as soon as possible.

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Technical Summary

Microsoft

CVE-2024-30040 – A security feature bypass, in which an unauthenticated attacker can gain code execution through convincing a user to open a malicious document. It is now known how this flaw was abused in attacks.

CVE-2024-30051- A flaw in Windows DWM Core Library which upon exploitation, allows an attacker to elevate to system privileges, the highest available.

Apple

Apple have addressed multiple vulnerabilities in its products, including 16 vulnerabilities on iPhone and iPads. This includes include one vulnerability which the company say “may have been exploited”.

Adobe

Adobe have addressed 37 vulnerabilities in its products, including 9 critical vulnerabilities in Adobe Acrobat and Reader, ,  2 critical vulnerabilities in Adobe Commerce, Adobe InDesign, Adobe Experience manager, 1 critical vulnerability in Adobe Media Encoder and Adobe Bridge, 3 critical vulnerabilities in Adobe Illustrator and 2 critical vulnerabilities in Adobe Animate. The company said it was not aware of any exploits in the wild for any of the documented issues.

Firefox

Firefox has upgraded to version 126. The new version addresses 16 unique security issues. None of the vulnerabilities are currently under active exploitation. The release also comes with some quality-of-life changes such as search telemetry changes and copy link without site tracking.

Google Chrome

Google Chrome released an emergency update to fix their 6th zero-day exploited this year, just one week after a previous one. Google are aware that an exploit for the vulnerability exists in the wild. Users are recommended to update as soon as possible.

SAP

This month, SAP has released 17 patches, which include 14 new fixes and 3 updates from previous releases. Two patches and one update have been given the “hot news” priority in SAP, the highest severity. The vulnerabilities encompass a range of issues, including CSS Injection, Remote Code Execution, File Upload flaws, and Cross-Site Scripting (XSS).

VMWare

Multiple security flaws, including one critical vulnerability, have been addressed by VMware after their exploitation was demonstrated at a security event. Some of the vulnerabilities do not have a fix yet and as such, users are advised to disable Bluetooth support and 3D acceleration as temporary workarounds until patches are applied.

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More info:

Microsoft

Further details on other specific updates within Microsoft’s May patch Tuesday can be found here:

https://www.bleepingcomputer.com/news/microsoft/microsoft-may-2024-patch-tuesday-fixes-3-zero-days-61-flaws/

https://www.ghacks.net/2024/05/14/microsoft-releases-the-may-2024-security-updates-for-windows/

Apple

Further details of the vulnerabilities in Apple can be found here:

https://support.apple.com/en-gb/HT201222

Adobe

Further details of the vulnerabilities in Adobe Acrobat and Reader can be found here:

https://helpx.adobe.com/security/products/acrobat/apsb24-29.html

Further details of the vulnerabilities in Adobe Photoshop can be found here:

https://helpx.adobe.com/security/products/photoshop/apsb24-16.html

Further details of the vulnerabilities in Adobe Commerce can be found here:

https://helpx.adobe.com/uk/security/products/magento/apsb24-18.html

Further details of the vulnerabilities in Adobe InDesign can be found here:

https://helpx.adobe.com/uk/security/products/indesign/apsb24-20.html

Further details of the vulnerabilities in Adobe Experience Manager can be found here:

https://helpx.adobe.com/uk/security/products/experience-manager/apsb24-21.html

Further details of the vulnerabilities in Adobe Media Encoder can be found here:

https://helpx.adobe.com/uk/security/products/media-encoder/apsb24-23.html

Further details of the vulnerabilities in Adobe Bridge can be found here:

https://helpx.adobe.com/uk/security/products/bridge/apsb24-24.html

Further details of the vulnerabilities in Adobe Illustrator can be found here:

https://helpx.adobe.com/uk/security/products/illustrator/apsb24-25.html

Further details of the vulnerabilities in Adobe Animate can be found here:

https://helpx.adobe.com/uk/security/products/animate/apsb24-26.html

Firefox

Further details on the vulnerabilities addressed in the Firefox release can be found here:
https://www.mozilla.org/en-US/security/advisories/mfsa2024-21/

Google Chrome

Further details on the vulnerabilities addressed in the Google Chrome update can be found here:

https://chromereleases.googleblog.com/2024/05/stable-channel-update-for-desktop_13.html

SAP

Further details on the vulnerabilities addressed in SAP can be found here:

https://support.sap.com/en/my-support/knowledge-base/security-notes-news/may-2024.html

VMware

Further details on the vulnerabilities addressed by VMware can be found here:

https://support.broadcom.com/web/ecx/support-content-notification/-/external/content/SecurityAdvisories/0/24280

Need help understanding your gaps, or just want some advice? Get in touch with us.

#threatadvisory #threatintelligence #cybersecurity

Black Arrow Cyber Threat Briefing 29 March 2024

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

Only 3% of Organisations Globally are Fully Prepared for Cyber Threats

A new report released by Cisco found that only 3% of organisations globally are considered to be at a “mature” level of readiness that is needed to be resilient against today’s cyber threats. In contrast, 80% of the companies surveyed felt moderately to very confident in their ability to defend against a threat.

Nearly three-quarters of respondents expect a cyber incident to disrupt their business in the next 12 to 24 months. For many, this was based on past experience, with more than half of respondents saying that they had experienced a cyber security incident in the last 12 months, and of those, more than half of said it cost them at least $300,000. To address this, 97% of companies expect to increase their cyber security budgets in the next 12 months.

Sources: [PR Newswire] [SiliconANGLE]

China Cyber Attacks a Reminder Beijing Poses ‘Constant and Sophisticated’ Threat to Western Cyber Security

The UK’s National Cyber Security Centre (NCSC) has now implicated a Chinese-backed hacking group, APT31, in attempts to target a group of MPs. Whilst this shows how advanced the threat from China has become, it should not be a surprise. It has been alleged that the hacking campaign targeted a broad swathe of private individuals, as well as strategically important companies and government officials. Geopolitical tensions are at an all-time high, as Conservative MP Iain Duncan Smith, one of those targeted by the campaign says, “we must now enter a new era of relations with China, dealing with the contemporary Chinese Communist party as it really is, not as we would wish it to be.”

Sources: [Sky News] [GovInfoSecurity] [The Guardian]

Companies With Advanced Cyber Security Performance Deliver Nearly Four Times’ Higher Shareholder Return Than Their Peers

A recent report underscores the pivotal role of cyber security in financial performance, revealing that companies with genuinely advanced levels of cyber security maturity generate a 372% higher shareholder return compared to those with lower levels of maturity, as observed over a five-year period. Notably, companies with engaged board members and specialised risk committees achieve superior cyber security performance. Despite regulatory requirements, only 3% of UK organisations have a cyber security expert on their board, emphasising the need for greater board-level engagement in cyber risk management. Industries like healthcare and financial services lead in cyber security ratings, underscoring the correlation between regulatory environments and cyber security performance.

Source: [Business Wire] [Computer Weekly]

Hackers Hit High-Risk Individuals’ Personal Accounts

Britain’s National Cyber Security Centre (NCSC) is warning that attackers faced with well-managed corporate cyber security defences, are instead turning their efforts to compromise high-risk individuals’ devices and accounts.

A high-risk individual is anyone who has access to or influence over sensitive information. For an attacker, these individuals can present a less complex route. They already know the individual has access to the data they want, it is just a case of compromising that individual.

Source: [Gov Info Security]

Cyber Security Threats in International Relations: Are We Prepared for a Digital Pearl Harbour?

Cyber security threats have reached unprecedented levels, posing significant risks to organisations and nations worldwide, with global costs predicted to soar to $10.5 trillion annually by 2025, a significant increase from $6 trillion in 2021. Recent reports from IBM Security X-Force reveal that organisations face an average of 270 cyber attacks per year, equivalent to an attack every business day, underlining the persistent nature of the threat and reinforcing the old question of ‘when’ not 'if' an organisation will get hit.

The report warns of the possibility of large-scale, coordinated attacks, akin to a “Digital Pearl Harbor,” on vital infrastructure such as power grids and financial markets, with ransomware-based attacks being identified as a major risk. The emergence of cyber warfare blurs the distinction between espionage and acts of war, underscoring the need for international standards and agreements. Despite the focus on cyber threats, many organisations have risk management gaps.

Source: [Eurasia Review]

High Net Worths Urged to Improve Digital Hygiene in Fight Against Cyber Crime

High net worth individuals and their families are often targets for cyber criminals who seek to steal their money, identity, intellectual property and corporate data, and attacks are increasing. With the current state of the world, there is significant information that is publicly available. This, added to the fact that many high-net-worth individuals have lesser security controls than corporations, makes them a more lucrative target.

As these types of attacks continue to increase, it is important for individuals to ensure they are demonstrating good cyber hygiene through actions including the adoption of multi-factor authentication, limiting unnecessary social media from themselves and their family (including holidays) and understanding current tactics to be able to spot and mitigate them.

Source: [Financial Times]

Key Lessons from Microsoft’s Password Spray Hack: Secure Every Account

Earlier this year, Microsoft discovered they had been the victim of a hack orchestrated by Russian-state hackers. The attack was not highly sophisticated; in fact, it involved simply spraying passwords into an old, inactive account. Password spraying is a simple brute force technique, which has the attacker trying the same password against multiple accounts. In this case, it was enough to be able to allow attackers to commit further exfiltration.

Picture your organisation: can you guarantee that no account is using the password “Password123”? Whilst organisations may focus on protecting privileged accounts, the attack shows that every account needs to be secured, as they are all entry points to your organisation. To combat this, organisations should look to implement robust password policies and multi-factor authentication.

Source: [The Hacker News]

Mitigating Third-Party Risk Requires a Collaborative, Thorough Approach

Mitigating third-party risk may seem daunting when considering the slew of incoming regulations coupled with the increasingly advanced tactics of cyber criminals. However, most organisations have more agency and flexibility than they think they do. Third-party risk management can be built on top of existing risk governance practices and security controls that are currently implemented in the organisation. Understanding the vendor landscape, categorising vendors based on criticality, and developing tailored governance plans are crucial steps. Contractual obligations, tailored to industry standards, play a pivotal role in ensuring security measures are upheld. Additionally, establishing a robust exit strategy is imperative to safeguard data integrity post-partnership. By fostering a culture of shared responsibility and continuous improvement, organisations can navigate the complexities of third-party risk management effectively.

Source: [Dark Reading]

IT Leaders Struggle to Keep up With Emerging Threats, as 92% of IT Leaders Say Cyber Threats Are on the Rise, 51% See AI Attacks for the First Time

A recent survey of over 800 IT and security leaders highlights the escalating threat landscape fuelled by emerging technologies, with AI-powered attacks identified as the most serious and challenging. 92% of respondents report a year-over-year increase in cyber attacks with 95% noting heightened sophistication.

Organisations reported facing AI-powered attacks (51%), deepfake technology and supply chain attacks (both 36%), cloud jacking (35%), Internet of Things (IoT) attacks and 5G network exploits (both 34%), and fileless attacks (24%). But it is not just newer attacks; organisations are still contending with prevalent attacks like phishing, malware, and ransomware. The survey found that 84% of respondents say that phishing and smishing have become more difficult to detect with the rise in popularity of AI-powered tools, revealing that AI-powered phishing is their top concern (42%) when it comes to AI security.

With so many constantly evolving threats, and with new ones being added to the mix all the time, it is becoming more and more difficult for IT leaders to keep on top of these emerging threats.

Source: [Beta News] [The Fast Mode]

Only 5% of Boards Have Cyber Security Expertise

There is a concerning gap in cyber expertise on corporate boards, with only 5% of businesses having a cyber expert onboard, despite a direct correlation between strong cyber security and higher financial performance. Countries like France have 10% representation while Canada lags behind at just 1%. Integration of cyber experts into specialised risk committees significantly boosts cyber security performance. Furthermore, advanced security ratings translate to significantly better financial returns over three and five-year periods, underlining the pivotal role of cyber security in overall business health.

Source: [Infosecurity Magazine]

Google’s New AI Search Results Promotes Sites Pushing Malware and Scams

Earlier this month, Google began rolling out a feature called Google Search Generative Experience (SGE) in its search results, which provides AI-generated quick summaries, including site recommendations. These results, however, are pushing scams and malware. BleepingComputer found that the listed sites promoted by SGE tend to use the .online top level domain, the same HTML templates, and the same sites to perform redirects, stating “This similarity indicates that they are all part of the same SEO [search engine optimisation] poisoning campaign that allowed them to be part of the Google index.” When clicking on the site in the Google search results, visitors will go through a series of redirects until they reach a scam site. This matter highlights the need for users to stay cognisant, even when using AI to improve quality of life.

Source: [Bleeping Computer]

Report Calls Out Cyber Risks to Financial Sector Fuelled by AI

A recent report by the US Department of the Treasury has identified AI-driven cyber fraud as the primary concern for financial institutions. Smaller firms, in particular, struggle with AI development, which intensifies security concerns. Despite a focus on cyber security, risk management lapses are common across institutions. The report further notes that nearly a third of these institutions are yet to address the evolving tactics of threat actors, including social engineering, malvertising, and QR code phishing. More than 2 in 5 have pointed to the increasing use of generative AI for scaling and automating attacks as a lingering risk factor. The report emphasises that, even without mandates, there’s an urgent need for financial institutions to bolster their risk management and cyber security practices to counter these AI-driven threats.

Source: [CyberScoop]

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Governance, Risk and Compliance

• Hackers Hit High-Risk Individuals' Personal Accounts (govinfosecurity.com)

• Only 5% of Boards Have Cyber Security Expertise - Infosecurity Magazine (infosecurity-magazine.com)

• Wealthy urged to improve digital hygiene in fight against cyber crime (ft.com)

• How threat intelligence data maximizes business operations - Help Net Security

• IT leaders struggle to keep up with emerging threats (betanews.com)

• More than half of organisations fall victim to cyber attacks (betanews.com)

• Companies With Advanced Cyber Security Performance Deliver Nearly Four Times’ Higher Shareholder Return Than Their Peers, According to Diligent and Bitsight | Business Wire

• Microsoft: 87% of UK Businesses Are Unprepared for Cyber Attacks (techrepublic.com)

• 92% of IT Leaders Say Cyber Threats Are on the Rise, 51% See AI Attacks for the First Time (thefastmode.com)

• Shareholders win when businesses do better at cyber | Computer Weekly

• Getting Security Remediation on the Boardroom Agenda (darkreading.com)

• New Cyber Threats to Challenge Financial Services Sector in 2024 (darkreading.com)

• The cyber security skills shortage: A CISO perspective | CSO Online

• Cyber security essentials during M&A surge - Help Net Security

• Companies told cyber security has to be cross business concern (emergingrisks.co.uk)

• It's Time to Stop Measuring Security in Absolutes (darkreading.com)

• True Cost of a Cyber Security Breach for Your Business - Converge

• 35 cyber security statistics to lose sleep over in 2024 (techtarget.com)

• Changing role of CISO | Professional Security

• 3 Challenges CISOs Face in 2024 as Cyber Threats Explode | Corporate Counsel (law.com)

• Cyber security plans should centre on resilience | MIT Sloan

• Debunking compliance myths in the digital era - Help Net Security

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Threats

Ransomware, Extortion and Destructive Attacks

• Ransomware: lessons all companies can learn from the British Library attack - Exponential-e Blog

• 78% of organisations plan to increase ransomware protection | Security Magazine

• The human impact of ransomware attacks: how can businesses protect their security professionals? - IT Security Guru

• Rising ransomware attacks amplify World Backup Day's importance (securitybrief.co.nz)

• Building Resiliency in the Face of Ransomware  - Security Boulevard

• Worldwide Agenda Ransomware Wave Targets VMware ESXi Servers (darkreading.com)

• US offers $10 million bounty for info on 'Blackcat' hackers who hit UnitedHealth (yahoo.com)

• Healthcare Under Ransomware Attacks - Part 1: BlackCat/AlphV - VMRay

• Healthcare Under Ransomware Attacks - Part 2: LockBit - VMRay

• Healthcare Under Ransomware Attacks - Part 3: Rhysida - VMRay

Ransomware Victims

• Hackers threaten to publish huge cache of NHS Scotland data - BBC News

• Alleged sale of Communication Workers Union’s users data (marcoramilli.com)

• Scullion LAW becomes victim of cyber attack | Scottish Legal News

• Panera Bread experiencing nationwide IT outage since Saturday (bleepingcomputer.com)

• Clorox audit flagged systemic flaws in cyber security at manufacturing plants (detroitnews.com)

• Big Issue working with NCSC, NCA and Met Police to investigate cyber incident - IT Security Guru

• Western Isles council tax bills delayed due to cyber attack - BBC News

• Vietnam Securities Broker Suffered Cyber Attack That Suspended Trading (darkreading.com)

Phishing & Email Based Attacks

• 'Darcula' Phishing-as-a-Service Operation Bleeds Victims Worldwide (darkreading.com)

• New StrelaStealer Phishing Attacks Hit Over 100 Organisations in EU. and US (thehackernews.com)

• ThreatLabz 2023 Phishing Report | ITPro

• New MFA-bypassing phishing kit targets Microsoft 365, Gmail accounts (bleepingcomputer.com)

• US organisations targeted with emails delivering NetSupport RAT - Help Net Security

• Fake Ozempic Deals on the Rise as Experts Warn of Phishing Scams - Infosecurity Magazine (infosecurity-magazine.com)

• Scammers steal millions from FTX, BlockFi claimants - Help Net Security

• Security awareness training meets a new obstacle: Generative AI | SC Media (scmagazine.com)

• Alert: New Phishing Attack Delivers Keylogger Disguised as Bank Payment Notice (thehackernews.com)

• Russia's Cozy Bear tries to phish Germans with party invites • The Register

• Iran-Linked MuddyWater Deploys Atera for Surveillance in Phishing Attacks (thehackernews.com)

Artificial Intelligence

• Treasury report calls out cyber risks to financial sector fuelled by AI | CyberScoop

• Google's new AI search results promotes sites pushing malware, scams (bleepingcomputer.com)

• Four generative AI cyber risks that keep CISOs up at night — and how to combat them - SiliconANGLE

• Security awareness training meets a new obstacle: Generative AI | SC Media (scmagazine.com)

• Artificial intelligence now the biggest cyber threat - study (emergingrisks.co.uk)

• Microsoft: 87% of UK Businesses Are Unprepared for Cyber Attacks (techrepublic.com)

• 92% of IT Leaders Say Cyber Threats Are on the Rise, 51% See AI Attacks for the First Time (thefastmode.com)

• Scammers exploit tax season anxiety with AI tools - Help Net Security

• Experts Warn of Cyber Risk Due to Rapid AI Tool Evolution (govinfosecurity.com)

• AI Regulation at a Crossroads - Security Boulevard

• Over A Third of IT Leaders Are Ill-Equipped to Cope With AI-Powered Attacks - IT Security Guru

• Beware of rogue chatbot hacking incidents (securityintelligence.com)

• The Unique AI Cyber Security Challenges in the Financial Sector | Decipher (duo.com)

• AI weaponisation becomes a hot topic on underground forums - Help Net Security

• AI bots hallucinate software packages and devs download them • The Register

• Threat Report: Examining the Use of AI in Attack Techniques (darkreading.com)

• Hackers exploit Ray framework flaw to breach servers, hijack resources (bleepingcomputer.com)AWS CISO: Pay Attention to How AI Uses Your Data (darkreading.com)

2FA/MFA

• New MFA-bypassing phishing kit targets Microsoft 365, Gmail accounts (bleepingcomputer.com)

• Apple customers are being targeted by "MFA Bombing" password reset attack (xda-developers.com)

Malware

• New StrelaStealer Phishing Attacks Hit Over 100 Organisations in E.U. and US. (thehackernews.com)

• Google's new AI search results promotes sites pushing malware, scams (bleepingcomputer.com)

• 39,000 Websites Infected in 'Sign1' Malware Campaign - SecurityWeek

• ConnectWise ScreenConnect attacks deliver malware | SC Media (scmagazine.com)

• US organisations targeted with emails delivering NetSupport RAT - Help Net Security

• Hunter-killer malware: How to prevent it from undermining security controls | SC Media (scmagazine.com)

• Python devs are being targeted by this massive infostealing malware campaign | TechRadar

• TheMoon bot infected 40,000 devices in January and February (securityaffairs.com)

• Viruses are the most popular type of malware - and Apple devices are most at risk | TechRadar

• New Phishing Attack Delivers Keylogger Disguised as Bank Payment Notice (thehackernews.com)

• SpyCloud Report: 61% of Data Breaches in 2023 Were Malware Related | Business Wire

• DarkGate Malware Campaign Exploits Patched Microsoft Flaw - Security Boulevard

• Iran-Linked MuddyWater Deploys Atera for Surveillance in Phishing Attacks (thehackernews.com)

• AI bots hallucinate software packages and devs download them • The Register

Mobile

• In-app browsers still a privacy, security, and choice issue • The Register

• Thousands of phones and routers swept into proxy service, unbeknownst to users | Ars Technica

• Apple lawsuit: US officials say iPhone ‘monopoly’ undermines security | SC Media (scmagazine.com)

Internet of Things – IoT

• Hackers Reveal Method to Bypass Hotel Keycard Locks in Seconds • iPhone in Canada Blog

• Pump the brakes: National security concerns surround connected cars - Nextgov/FCW

• Insurer unveils policy covering drivers from connected car hacks and data leaks (therecord.media)

Data Breaches/Leaks

• AT&T won’t say how its customers’ data spilled online | TechCrunch

• SpyCloud Report: 61% of Data Breaches in 2023 Were Malware Related | Business Wire

Organised Crime & Criminal Actors

• After '10,000 malicious emails,' US sanctions 7 Chinese nationals in alleged cyber crimes - UPI.com

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• UN probing 58 alleged crypto heists by North Korea worth $3 billion (therecord.media)

• Scammers steal millions from FTX, BlockFi claimants - Help Net Security

Insider Risk and Insider Threats

• The missing link: How criminals teamed up with bank employees to orchestrate cyber frauds. - The Economic Times (indiatimes.com)

Insurance

• Insurer unveils policy covering drivers from connected car hacks and data leaks (therecord.media)

Supply Chain and Third Parties

• Hackers Hijack GitHub Accounts in Supply Chain Attack Affecting Top-gg and Others (thehackernews.com)

• Mitigating Third-Party Risk Requires a Collaborative, Thorough Approach (darkreading.com)

Cloud/SaaS

• Key Lesson from Microsoft's Password Spray Hack: Secure Every Account (thehackernews.com)

• Microsoft to shut down 50 cloud services for Russian businesses (bleepingcomputer.com)

• Cloud Account Hijacking: How it Works and How to Prevent It (techtarget.com)

• 67% of businesses sync on-premises passwords to cloud environments | Security Magazine

Identity and Access Management

• Tackling DORA Compliance With a Focus on PAM - IT Security Guru

• 10 Essential Measures To Secure Access Credentials | ITPro Today: IT News, How-Tos, Trends, Case Studies, Career Tips, More

• Organisations Grapple With Identity Pain Points | Decipher (duo.com)

Encryption

• Patchless Apple M-Chip Vulnerability Allows Cryptography Bypass (darkreading.com)

Passwords, Credential Stuffing & Brute Force Attacks

• Apple users targeted by annoying 'Reset Password' attack | Mashable

• 10 Essential Measures To Secure Access Credentials | ITPro Today: IT News, How-Tos, Trends, Case Studies, Career Tips, More

• 67% of businesses sync on-premises passwords to cloud environments | Security Magazine

• What is Managing Secrets? - Security Boulevard

Social Media

• If you watched certain YouTube videos, investigators demanded your data from Google | Mashable

Malvertising

• Study claims more than half of Americans use ad blockers • The Register

Training, Education and Awareness

• Security awareness training meets a new obstacle: Generative AI | SC Media (scmagazine.com)

• Cyber security training costs surge as firms battle skills gaps | ITPro

• Paid Generic Cyber Security Courses: Why They Are Not the Solution for Security Awareness - Security Boulevard

Regulations, Fines and Legislation

• Cyber security shake-up: How to prepare for EU's NIS2 and DORA (siliconrepublic.com)

• techUK Raise Internet Snooping Concerns Over UK IP Act Amendments - ISPreview UK

• AI Regulation at a Crossroads - Security Boulevard

• Cyber security Agency Proposes First Incident-Reporting Rules (2) (bloomberglaw.com)

Models, Frameworks and Standards

• Debunking compliance myths in the digital era - Help Net Security

Backup and Recovery

• Rising ransomware attacks amplify World Backup Day's importance (securitybrief.co.nz)

Careers, Working in Cyber and Information Security

• The human impact of ransomware attacks: how can businesses protect their security professionals? - IT Security Guru

• Almost half of IT teams are burnt out as a result of war rooms, as ‘blame game’ culture becomes the norm for most organisations | TechRadar

• The cyber security skills shortage: A CISO perspective | CSO Online

Law Enforcement Action and Take Downs

• UK Law Enforcers Arrest 400 in Major Fraud Crackdown - Infosecurity Magazine (infosecurity-magazine.com)

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Nation State Actors, Advanced Persistent Threats (APTs), Cyber Warfare, Cyber Espionage and Geopolitical Threats/Activity

Cyber Warfare and Cyber Espionage

• Cyber Security Threats In International Relations: Are We Prepared For A Digital Pearl Harbor? – OpEd – Eurasia Review

Nation State Actors

China

• China cyber attacks a reminder Beijing poses 'constant and sophisticated' threat to western cyber security | Science & Tech News | Sky News

• US and UK accuse China of cyber operations targeting domestic politics | CyberScoop

• UK ‘turning up to a gunfight with a wooden spoon’ over China cyber-attacks (scotsman.com)

• China hack on MPs worse than Government admitted, with at least 30 targeted (inews.co.uk)

• New Zealand follows UK in accusing China of hacking its parliament | The Independent

• Finland confirms APT31 hackers behind 2021 parliament breach (bleepingcomputer.com)

• China linked to UK cyber-attacks on voter data, Dowden to say - BBC News

• Dowden guarantees UK elections will be safe from Chinese cyber attacks | Evening Standard

• After '10,000 malicious emails,' US sanctions 7 Chinese nationals in alleged cyber crimes - UPI.com

• SNP MP claims Scottish universities 'overdependent' on Chinese money | The National

• China-Linked Group Breaches Networks via Connectwise, F5 Software Flaws (thehackernews.com)

• Fake reporters and death threats: China spy tactics from Hong Kong dissidents (inews.co.uk)

• The Chinese government is phasing out Intel and AMD CPUs and Microsoft's Windows OS because they don't fit its new 'safe and reliable' guidelines | PC Gamer

• Is Cyber Warfare Heating Up? Biden Administration, UK Take Aim At Chinese Hackers | IBTimes

• China cyber-attacks explained: who is behind the hacking operation against the US and UK? | Hacking | The Guardian

• What to make of China’s massive cyber-espionage campaign (economist.com)

• Pump the brakes: National security concerns surround connected cars - Nextgov/FCW

• PM says UK approach to China 'more robust' than allies, as senior Chinese diplomat summoned | ITV News

• UK says Chinese cyber attacks ‘part of large-scale espionage campaign’ (thenextweb.com)

• Why cyber indictments and sanctions matter | The Strategist (aspistrategist.org.au)

• Chinese hackers target family members to surveil hard targets | CyberScoop

Russia

• Microsoft to shut down 50 cloud services for Russian businesses (bleepingcomputer.com)

• Russia's Cozy Bear tries to phish Germans with party invites • The Register

Iran

• Iran-Linked MuddyWater Deploys Atera for Surveillance in Phishing Attacks (thehackernews.com)

North Korea

• Asian cuisine used to launder money for North Korea • The Register

• UN probing 58 alleged crypto heists by North Korea worth $3 billion (therecord.media)

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Vulnerability Management

• Spyware vendors behind 75% of zero-days targeting Google | TechTarget

• Zero Days Surged by Over 50% Annually, Says Google - Infosecurity Magazine (infosecurity-magazine.com)

• On the Increase: Zero-Days Being Exploited in the Wild (databreachtoday.co.uk)

• NVD slowdown leaves thousands of vulns without analysis data • The Register

• Can Compensating Controls Be the Answer in a Sea of Vulnerabilities?  - Security Boulevard

Vulnerabilities

• Patch Now: Critical Fortinet RCE Bug Under Active Attack (darkreading.com)

• SQL injection vulnerability in Fortinet software under attack | TechTarget

• GitHub Developers Hit in Complex Supply Chain Cyber Attack (darkreading.com)

• Microsoft Edge Bug Could Have Allowed Attackers to Silently Install Malicious Extensions (thehackernews.com)

• MacOS 14.4.1 makes it once again safe to update your Mac | ZDNET

• Apple Security Bug Opens iPhone, iPad to RCE (darkreading.com)

• Apple finally reveals the serious security issues it patched in iOS 17.4.1 - PhoneArena

• A vulnerability in Apple M-series chips could expose encryption keys and harm performance — and Patchless Apple M-Chip Vulnerability Allows Cryptography Bypass (darkreading.com)

• Mozilla fixes two Firefox zero-day bugs exploited at Pwn2Own (bleepingcomputer.com)

• China-Linked Group Breaches Networks via Connectwise, F5 Software Flaws (thehackernews.com)

• Double trouble for DNSSEC though the devil is in the details • The Register

• 17,000+ Microsoft Exchange servers in Germany are vulnerable to attack, BSI warns - Help Net Security

• Worldwide Agenda Ransomware Wave Targets VMware ESXi Servers (darkreading.com)

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Tools and Controls

• How threat intelligence data maximises business operations - Help Net Security

• IT leaders struggle to keep up with emerging threats (betanews.com)

• 78% of organisations plan to increase ransomware protection | Security Magazine

• Rising ransomware attacks amplify World Backup Day's importance (securitybrief.co.nz)

• Why Endpoint Security Tools Are Still Such a Challenge (inforisktoday.com)

• Security awareness training meets a new obstacle: Generative AI | SC Media (scmagazine.com)

• Cyber security training costs surge as firms battle skills gaps | ITPro

• 10 Essential Measures to Secure Access Credentials | ITPro Today: IT News, How-Tos, Trends, Case Studies, Career Tips, More

• Organisations Grapple with Identity Pain Points | Decipher (duo.com)

• Enterprise cyber security's lateral movement 'blind spot' [Q&A] (betanews.com)

• Cyber security plans should center on resilience | MIT Sloan

• Cyber Security Agency Proposes First Incident-Reporting Rules (2) (bloomberglaw.com)

• Paid Generic Cyber Security Courses: Why They Are Not the Solution for Security Awareness - Security Boulevard

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Reports Published in the Last Week

• ThreatLabz 2023 Phishing Report | ITPro

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Other News

• Why the World Needs a New Cyber Treaty for Critical Infrastructure - Carnegie Europe - Carnegie Endowment for International Peace

• Wealthy urged to improve digital hygiene in fight against cyber crime (ft.com)

• Security experts raise questions about UK cyber funding in wake of Electoral Commission hack | ITPro

• 8 cyber security predictions shaping the future of cyber defence - Help Net Security

• Active adversary dwell time: The good (and bad) news | SC Media (scmagazine.com)

• Cyber Threat to US Power Grids Escalating as Election Approaches (yahoo.com)

• Are We Ignoring the Cyber Security Risks of Undersea Internet Cables? | HackerNoon

• How to Prevent Your Company from Being Hacked in 2024 - DevX

• Pentagon Looks to Finalise Cyber Security Rules for Defence Industrial Base - ClearanceJobs

• US and Japan plan biggest upgrade to security pact in over 60 years

• US must establish independent military cyber service to fix 'alarming' problems — report | DefenseScoop

• FTSE 100 Retailers showing signs of cyber security apathy, despite growing risks | Retail Bulletin (theretailbulletin.com)

• Finland to host NATO tech centers, revamp cyber security strategy (defensenews.com)

• French cyber defence chief warns Paris Olympics a 'target' (techxplore.com)

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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 27 October 2023

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

More Companies Adopt Board-Level Cyber Security Committees

In a recent CISO Report by Splunk, 78% of CISOs and other security leaders reported a dedicated board-level cyber security committee at their organisations. These committees may be made up of qualified individuals or potentially even third parties - not necessarily company employees - that give guidance to the board around matters like risk assessment and cyber security strategy. These board-level cyber security committees can potentially bridge communication barriers between IT, security teams and boards. Black Arrow supports business leaders in organisations of all sizes to demonstrate governance of their cyber risks, by participating in board meetings to upskill and guide the board in requesting and challenging the appropriate information from their internal and external sources.

Source: [Decipher]

Ransomware Attacks Rise by More Than 95% Over 2022, to All Time High

A recent report by Corvus has found that ransomware attacks continued at a record-breaking pace, with Q3 frequency up 11% over Q2 and 95% year-over-year. Even if there were no more ransomware attacks this year, the victim account has already surpassed what was observed for 2021 and 2022. In a separate report, analysis conducted by Sophos has found that dwell times, which is the length of time an attacker is in a victim’s system before they are discovered, has fallen, leaving less time for organisations to detect attacks.

Sources: [Dark Reading] [SC Magazine] [Reinsurance News]

Security Still Not a Priority for a Third of SMBs Despite 73% Suffering Cyber Attack Last Year

Multiple reports highlighting different aspects of small and medium businesses (SMBs) all have one thing in common: the lack of priority that is given to cyber security. One example is a survey conducted by Amazon Web Services (AWS) which found that cyber security is not even a strategic priority for 35% of SMBs when considering moving to the cloud. This comes as a report by Identity Theft Resource Center (ITRC) found that 73% of US SMBs reported a cyber attack last year, with employee and customer data being the target in data breaches. Despite the rise in SMB attacks, relatively few organisations are following cyber security best practices to help prevent a breach in the first place. Every business, regardless of size, should do everything it reasonably can to protect its data and ensure connectivity, and smaller organisations may be more likely to be a victim of a cyber attack. Security is an enabler for the wider IT and business strategy to help users build the organisation in greater security. It should be hard-baked from the outset; seeking expert advice can help ensure the right proportionate security decisions are being made.

Sources: [Insider Media] [Infosecurity Magazine] [IT Reseller Magazine] [Infosecurity Magazine]

More Than 46 Million Potential Cyber Attacks Logged Every Day

New data released by the UK’s BT Group has found that more than 500 potential cyber attacks are logged every second. The BT data showed that over the last 12 months the most targeted sectors by cyber criminals were IT, defence, banking and insurance sectors; this was followed by the retail, hospitality and education industries. According to the figures 785,000 charities fell victim to cyber attacks. The data found that hackers are relentlessly scanning devices for vulnerabilities by using automation, and artificial intelligence is now being included by attackers to identify weaknesses in an organisation’s cyber defences.

Sources: [Evening Standard] [Proactive] [The Independent]

Fighting Cyber Attacks Requires Top-Down Approach

Organisations must move away from the posture that their IT division owns responsibility for safeguarding against cyber attacks. Instead, what we really need is for cyber security to come down from the top of the organisation, into the departments so that we have an enterprise-wide culture of security. It is the board’s responsibility to work with the executive team to ensure it is not just an IT-centric issue. By aligning cyber risk management with business needs, creating a cyber security strategy as a business enabler, and incorporating cyber security expertise into board and governance, the organisation will create a solid foundation for this top-down approach.

Source: [Chief Investment Officer]

Email Security Threats are More Dangerous This Year as Over 200 million Malicious Emails Detected in Q3 2023

The use of generative artificial intelligence (AI) tools such as ChatGPT has made spam and phishing emails infinitely more dangerous, with over 200 million sent in Q3 2023. A recent report found that link-based malware delivery made up 58% of all malicious emails for the quarter, while attachments made up the remaining 42%. Worryingly, 33% of these were delivered through legitimate but compromised websites.

Phishing does not come through emails alone however, there is also phishing via SMS, QR codes, calls and genuine, but compromised accounts. 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 help secure employee engagement and build a cyber security culture to protect the organisation. 

Sources: [Security Magazine] [MSSP Alert] [TechRadar]

98% of Security Leaders Worry About Risks of Generative AI as Fears Drive Spending

Generative AI is playing a significant role in reshaping the phishing email threat landscape, according to a recent report from Abnormal Security. The report found that 98% of security leaders are highly concerned about generative AI's potential to create more sophisticated email attacks, with four-fifths (80.3%) of respondents confirming that their organisation had already received AI-generated email attacks or strongly suspecting that this was the case. A separate report by IBM found that attackers only needed five simple prompts to get the AI to develop a highly convincing phishing email. In a separate report, Gartner stated that AI has created a new scare, which contributed to 80% of CIO’s reporting that they plan to increase spending on cyber security, including AI.

Sources: [Infosecurity Magazine] [CSO Online] [Business Wire] [Help Net Security]

48% of Organisations Predict Cyber Attack Recovery Could Take Weeks

A recent report has found that 48% of respondents predicted that it would take days or weeks for their company to recover from cyber attacks, representing a potentially devastating risk to their business. Attacks are a matter of when, not if. Organisations should have plans and procedures in place to be able to recover from an attack; this includes having an incident response plan and regularly testing the organisation’s ability to backup and recover.

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.

Sources: [Security Magazine]

Cyber Security Awareness Doesn't Cut It; It's Time to Focus on Behaviour

The human element remains a significant vulnerability in cyber security, as reinforced by recent analysis. Repeated studies show that knowledge alone does not change behaviour, and that simply giving people more training is unlikely to change outcomes. The study underscores that even with heightened cyber security awareness, there has not been a notable decline in successful cyber attacks that exploit human errors.

We need to draw parallels to real-world skills. The report suggests that cyber security education should be as continuous and context-driven as learning to drive: no one learnt to drive by having a single lesson once a year. For instance, rather than educating employees on using multifactor authentication (MFA) in isolation, it's more impactful to provide an explanation of the additional security that that control provides and the reasons why it is being used to protect the organisation. This contextual approach, accentuated with insights on the advantages of these controls, is poised to foster the right behaviours and bolster security outcomes. However, the challenges persist, with many employees still bypassing recommended security protocols, underscoring the need for a more hands-on, real-time approach to cyber security education.

Source: [Dark Reading]

How Cyber Security Has Evolved in The Past 20 Years

Twenty years ago, the cloud as we know it didn’t exist. There were no Internet of Things (IoT) sensors, not even Gmail was around. Cyber threats have evolved significantly since then, but so too have the solutions. We’ve transitioned from manual, on-site vulnerability scanning and lengthy breach investigations, to automated tools and remote work capabilities that have reduced investigation times from months to weeks. Alongside technological advancements, laws and regulations surrounding cyber security have also tightened, imposing stricter rules on organisations to protect customer data and penalties for attackers.

The bigger picture is staying a step ahead of threat actors in the automation race. Whether that’s accomplished with AI or some other yet-to-be-discovered technology remains to be seen. In the meantime, as is always the case in this industry, regardless of the latest innovation, everyone needs to stay vigilant for threat actors’ attacks and remember that what was adequate to protect technology 20 years ago will not be sufficient to defend against the threat landscape today, and certainly not against the threats of tomorrow.

Source: [Forbes]

Rising Global Tensions Could Portend Destructive Hacks

Governments in the West are warning public and private sector organisations to "remain on heightened alert" for disruptive cyber attacks targeting critical infrastructure and key sectors amid a series of escalating global conflicts.

Source: [Info Risk Today]

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Governance, Risk and Compliance

• Cyber security Awareness Doesn't Cut It; It's Time to Focus on Behaviour (darkreading.com)

• How Cyber Security Training Lowers Risk Among Employees (forbes.com)

• How to establish a great security awareness culture (att.com)

• More Companies Adopt Board-Level Cyber Security Committees | Decipher (duo.com)

• Fighting Cyber Attacks Requires Top-Down Approach | Chief Investment Officer (ai-cio.com)

• SMBs Need to Balance Cyber Security Needs and Resources (darkreading.com)

• 48% of organisations predict cyber attack recovery to take weeks | Security Magazine

• Businesses access to cyber insurance impacted by employee mistakes and poor security: QBE - Reinsurance News

• Cyber Security Litigation: Five Trends Unpacked | Blake, Cassels & Graydon LLP - JDSupra

• Cyber attacks now biggest cause of downtime and data loss – report - CIR Magazine

• The Need for a Cyber Security-Centric Business Culture (darkreading.com)

• From Snooze to Enthuse: Making Security Awareness Training 'Sticky' (darkreading.com)

• Awaken From Cyber Slumber: 3 Steps To Stronger Cyber security (forbes.com)

• AI-related security fears drive 2024 IT spending - Help Net Security

• Cyber Resilience And Risk Management: Forces Against Cyber Threats (forbes.com)

• The Cyber Security Resilience Quotient: Measuring Security Effectiveness - Security Week

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Threats

Ransomware, Extortion and Destructive Attacks

• SonicWall Data Confirms That Ransomware Is Still the Enterprise's Biggest Fear (darkreading.com)

• Ransomware attacks surge, highlighting need for detection, response tools: Allianz - Reinsurance News

• 2023 Ransomware Attacks Up More Than 95% Over 2022, According to Corvus Insurance Q3 Report (darkreading.com)

• Ransomware is threatening more businesses than ever before | TechRadar

• Ransomware isn’t going away – the problem is only getting worse (bleepingcomputer.com)

• Known Ransomware Attack Volume Breaks Monthly Record, Again (govinfosecurity.com)

• Ransomware attacks are getting faster: How to adjust incident response plans accordingly | SC Media (scmagazine.com)

• Microsoft Warns as Scattered Spider Expands from SIM Swaps to Ransomware (thehackernews.com)

• Concerns grow as LockBit knockoffs increasingly target popular vulnerabilities (therecord.media)

• OpenText Cyber Security Nastiest Malware of 2023 Shows Ransomware-as-a-Service Now Primary Business Model (prnewswire.com)

• The Rise of S3 Ransomware: How to Identify and Combat It (thehackernews.com)

• Meet Rhysida, a New Ransomware Strain That Deletes Itself (darkreading.com)

• Kaspersky crimeware report: GoPIX, Lumar, and Rhysida. | Securelist

• Cl0p named 'nastiest' malware of 2023 | Security Magazine

• Five things organisations don’t consider before a ransomware attack | TechRadar

• Ransomware incidents are on the rise as latest data reveals alarming trend | TechSpot

• MGM Resorts hackers 'one of the most dangerous financial criminal groups’ (therecord.media)

• Ransomware attacks against hospitals put patients' lives at risk, researchers say : NPR

• Ragnar Locker Ransomware Boss Arrested in Paris (darkreading.com)

• BlackCat Climbs the Summit With a New Tactic (paloaltonetworks.com)

• Ransomware Soars as Myriad Efforts to Stop It Fall Short - Bloomberg

• Hackers Using Remote Admin Tools AvosLocker Ransomware (gbhackers.com)

• Resilience notes uptick in data exfiltration as cyber criminals change tactics - Reinsurance News

• Healthcare Ransomware Attacks Cost US $78bn - Infosecurity Magazine (infosecurity-magazine.com)

• Bracing for AI-enabled ransomware and cyber extortion attacks - Help Net Security

• Should Ransom Payments Be Made Illegal | Intel471

• ThreatLabz state of ransomware report | ITPro | ITPro

• Will SEC Ruling Curb Encryption-Less Ransomware Attacks? | ITPro Today: IT News, How-Tos, Trends, Case Studies, Career Tips, More

• Security Patch Management Strengthens Ransomware Defence (trendmicro.com)

• House Subcommittees Hold Hearing on Combating Ransomware Attacks | Patterson Belknap Webb & Tyler LLP - JDSupra

Ransomware Victims

• MGM Resorts hackers 'one of the most dangerous financial criminal groups’ (therecord.media)

• Ambulances diverted as 3 New York hospitals grapple with cyber attacks | Fox News

• Operations of Healthcare Solutions Giant Henry Schein Disrupted by Cyber attack - Security Week

• US energy firm shares how Akira ransomware hacked its systems (bleepingcomputer.com)

• Seiko says ransomware attack exposed sensitive customer data (bleepingcomputer.com)

• American Family Insurance confirms cyber attack is behind IT outages (bleepingcomputer.com)

• Cyber Attack Causing Service Interruptions At Ontario Hospitals (databreaches.net)

• Volex dented by cyber attack costs but full-year results are on track | AIM:VLX (proactiveinvestors.co.uk)

• Cyber crims leak patient pics in low blow bid to win ransom • The Register

Phishing & Email Based Attacks

• Generative AI phishing fears realised as model develops “highly convincing” emails in 5 minutes | CSO Online

• Over 200 million malicious emails were detected in Q3 2023 | Security Magazine

• Watch out - that QR code could just be a phishing scam | TechRadar

• Booking.com customers targeted by scam ‘confirmation’ emails | Scams | The Guardian

• New Hotel Phishing Scam — Be Careful If You're Offered a Discounted Rate | GOBankingRates

• Email security threats are more dangerous than ever - here's what you need to know | TechRadar

• What is Phishing? 5 Types of Phishing Attacks You Need to Know | MSSP Alert

• The US released popular phishing techniques | Inquirer Technology

• Akamai research finds more sophisticated phishing threats in hospitality industry - SiliconANGLE

• Don’t Get Spooked Into Falling For These Phishing Scams - IT Security Guru

Other Social Engineering; Smishing, Vishing, etc

• Social engineering: Hacking minds over bytes (att.com)

Artificial Intelligence

• Generative AI phishing fears realised as model develops “highly convincing” emails in 5 minutes | CSO Online

• New Survey From Abnormal Security Reveals 98% Of Security Leaders Worry About the Risks of Generative AI | Business Wire

• AI-related security fears drive 2024 IT spending - Help Net Security

• Boardrooms losing control in generative AI takeover, says Kaspersky | Computer Weekly

• AI-Based Cyber Attacks Target HR Teams (thehrworld.co.uk)

• Governments, firms should spend more on AI safety, top researchers say | Reuters

• Cyber-defence systems seek to outduel criminals in AI race (techxplore.com)

• Report warns AI could worsen cyber threat, but government will not ‘rush to regulate’ - CIR Magazine

• AI risk must be treated as seriously as climate crisis, says Google DeepMind chief | Technology | The Guardian

• Businesses fear generative AI will cause ‘catastrophic’ cyber attacks (siliconrepublic.com)

• Don't use AI-based apps, Philippine defence ordered its personnel (securityaffairs.com)

• Businesses ignorant to gen AI security threats suggests research (ship-technology.com)

• Inside the battle to contain – and capitalise on – artificial intelligence | World news | The Guardian

• AI to Create Demand for Digital Trust Professionals, ISACA Survey Find - Infosecurity Magazine (infosecurity-magazine.com)

• Deepfakes: Navigating Data Privacy and Cyber Security Risks | DRI - JDSupra

• Artificial Intelligence Bad News For Cyber Threats, Report Warns - TechRound

• Bracing for AI-enabled ransomware and cyber extortion attacks - Help Net Security

• Britain’s Big AI Summit Is a Doom-Obsessed Mess | WIRED

• Oops! When tech innovations create new security threats | CSO Online

• UK officials use AI to decide on issues from benefits to marriage licences | Artificial intelligence (AI) | The Guardian

2FA/MFA

• Okta support system breach highlights need for strong MFA policies | CSO Online

Malware

• Cisco Zero-Day Exploited to Implant Malicious Lua Backdoor on Thousands of Devices (thehackernews.com)

• OpenText Cyber Security Nastiest Malware of 2023 Shows Ransomware-as-a-Service Now Primary Business Model (prnewswire.com)

• Hackers are using an incredibly sneaky trick to hide malware | Digital Trends

• Vietnamese Hackers Target UK, US, and India with DarkGate Malware (thehackernews.com)

• Quasar RAT Leverages DLL Side-Loading to Fly Under the Radar (thehackernews.com)

• Dangerous new malware can crack encrypted USB drives | TechRadar

• Bad news - these fake LinkedIn job offers are just pushing malware, so don't get your hopes up | TechRadar

• 'Grandoreiro' Trojan Targets Global Banking Customers (darkreading.com)

• Cl0p named 'nastiest' malware of 2023 | Security Magazine

• Cabinet Office tight-lipped on number of government cyber attacks and malware infections (civilserviceworld.com)

• Powerful Malware Disguised as Crypto Miner Infects 1M+ Windows, Linux PCs (pcmag.com)

• The Changing Threat Landscape: Infostealers and the MacOS goldmine - F-Secure Blog

Mobile

• Android trojan spotted in the wild can record audio and phone calls | ZDNET

• Samsung Galaxy S23 hacked twice in one day at Pwn2Own contest (androidauthority.com)

• iOS Zero-Day Attacks: Experts Uncover Deeper Insights into Operation Triangulation (thehackernews.com)

• iLeakage attack exploits Safari to steal data from Apple devices (securityaffairs.com)

• A huge amount of financial apps contain security flaws - and this is the best scoring industry | TechRadar

• Intellexa: Irish-linked spyware used in 'brazen attacks' - report - BBC News

• Longer Support Periods Raise the Bar for Mobile Security (darkreading.com)

• Android adware apps on Google Play amass two million installs (bleepingcomputer.com)

Denial of Service/DoS/DDOS

• This DDoS attack is the biggest in internet history. | World Economic Forum (weforum.org)

• Disinformation and its often overlooked potential for denial-of-services. (thecyberwire.com)

• Record-Breaking 100 Million RPS DDoS Attack Exploits HTTP/2 Rapid Reset Flaw (thehackernews.com)

Internet of Things – IoT

• How an explosion of 'smart' devices is threatening US households -- and national security (nypost.com)

• UK government finalises IoT cyber security requirements - Lexology

Data Breaches/Leaks

• Okta says hackers breached its support system and viewed customer files | Ars Technica

• Okta support system breach highlights need for strong MFA policies | CSO Online

• 1Password suffers cyber security incident after latest Okta breach - Tech Monitor

• Okta stock falls after company says client files accessed by hackers via support system (cnbc.com)

• Hacker accused of breaching Finnish psychotherapy centre facing 30,000 counts (therecord.media)

• City of Philadelphia discloses data breach after five months (bleepingcomputer.com)

• 500k Irish National Police records exposed by third party • The Register

• The 23andMe data breach reveals the vulnerabilities of our interconnected data (theconversation.com)

• iLeakage attack exploits Safari to steal data from Apple devices (securityaffairs.com)

• DC Board of Elections: Hackers may have breached entire voter roll (bleepingcomputer.com)

Organised Crime & Criminal Actors

• More than 500 potential cyber attacks logged every second, BT says | The Independent

• Spain arrests 34 cyber criminals who stole data of 4 million people (bleepingcomputer.com)

• Nigerian Police dismantle cyber crime recruitment, mentoring hub (bleepingcomputer.com)

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• Top crypto firms named in $1bn fraud lawsuit - BBC News

• Cryptojacking campaign Qubitstrike targets exposed Jupyter Notebook instances | CSO Online

• Powerful Malware Disguised as Crypto Miner Infects 1M+ Windows, Linux PCs (pcmag.com)

• 70% of Crypto Companies Report Deepfake Fraud Rise (darkreading.com)

Insider Risk and Insider Threats

• Forget the outside hacker, the bigger threat is inside • The Register

• Former NSA employee pleads guilty to attempted selling classified documents to Russia (securityaffairs.com)

• Human-centric Security Design Reduces Threats by Changing User Behavior (prweb.com)

• How to establish a great security awareness culture (att.com)

• How Cyber Security Training Lowers Risk Among Employees (forbes.com)

• The Need for a Cyber Security-Centric Business Culture (darkreading.com)

Fraud, Scams & Financial Crime

• New Hotel Phishing Scam — Be Careful If You're Offered a Discounted Rate | GOBankingRates

• Booking.com customers targeted by scam ‘confirmation’ emails | Scams | The Guardian

• Purchase Scams Surge as Fraud Losses Hit £580m - Infosecurity Magazine (infosecurity-magazine.com)

• Top crypto firms named in $1bn fraud lawsuit - BBC News

• Online scammers target desperate loan seekers using online fraud | TechRadar

• Christmas scams to watch out for this festive season (nationalworld.com)

• Cyber criminals exploit the Israeli-Hamas conflict through scam emails and websites (iol.co.za)

• 70% of Crypto Companies Report Deepfake Fraud Rise (darkreading.com)

Deepfakes

• Deepfakes: Navigating Data Privacy and Cyber Security Risks | DRI - JDSupra

• 70% of Crypto Companies Report Deepfake Fraud Rise (darkreading.com)

Insurance

• Telling Small Businesses to Buy Cyber Insurance Isn't Enough (darkreading.com)

• Stemming Losses That Go Uncovered by Cyber Insurance | Esquire Deposition Solutions, LLC - JDSupra

• Aviva: SMEs ‘woefully underserved’ for cyber cover - Insurance Post (postonline.co.uk)

Dark Web

• A Look at Key Dark Web Statistics (2023 Data Update) (techreport.com)

Supply Chain and Third Parties

• 500k Irish National Police records exposed by third party • The Register

Software Supply Chain

• NIST provides solid guidance on software supply chain security in DevSecOps | CSO Online

Cloud/SaaS

• The Rise of S3 Ransomware: How to Identify and Combat It (thehackernews.com)

Passwords, Credential Stuffing & Brute Force Attacks

• Okta Reveals Breach Via Stolen Credential - Infosecurity Magazine (infosecurity-magazine.com)

• Passwords - not all they are cracked up to be | TechRadar

• 'Log in With...' Feature Allows Full Online Account Takeover for Millions (darkreading.com)

• 10 Bad Password Habits You Need to Break (howtogeek.com)

Social Media

• Bad news - these fake LinkedIn job offers are just pushing malware, so don't get your hopes up | TechRadar

• Threat actor is selling access to Facebook and Instagram's Police Portal (securityaffairs.com)

Malvertising

• Malvertisers Using Google Ads to Target Users Searching for Popular Software (thehackernews.com)

Training, Education and Awareness

• Cyber Security Awareness Doesn't Cut It; It's Time to Focus on Behaviour (darkreading.com)

• This Cyber Security Awareness Month, Don't Lose Sight of Human Risk (darkreading.com)

• How to establish a great security awareness culture (att.com)

• How Cyber Security Training Lowers Risk Among Employees (forbes.com)

• The Need for a Cyber Security-Centric Business Culture (darkreading.com)

• Cyber Security Awareness Month: What's Still Needed After Twenty Years (forbes.com)

• From Snooze to Enthuse: Making Security Awareness Training 'Sticky' (darkreading.com)

Regulations, Fines and Legislation

• Managed security services [EU Legislation in Progress] | Epthinktank | European Parliament

• Report warns AI could worsen cyber threat, but government will not ‘rush to regulate’ - CIR Magazine

• UK government finalises IoT cyber security requirements - Lexology

• Show Your Work: The SEC Cyber Rules and Documenting Materiality Analysis Under NIST FIPS 199 | Baker Donelson - JDSupra

• Will SEC Ruling Curb Encryption-Less Ransomware Attacks? | ITPro Today: IT News, How-Tos, Trends, Case Studies, Career Tips, More

• House Subcommittees Hold Hearing on Combating Ransomware Attacks | Patterson Belknap Webb & Tyler LLP - JDSupra

Models, Frameworks and Standards

• NIST provides solid guidance on software supply chain security in DevSecOps | CSO Online

• CMMC 2.0: What You Need to Know - ClearanceJobs

Backup and Recovery

• Are Backup Files the Missing Link in Your Cyber Security? (finextra.com)

Law Enforcement Action and Take Downs

• Hacker accused of breaching Finnish psychotherapy center facing 30,000 counts (therecord.media)

• Alleged developer of the Ragnar Locker ransomware was arrested (securityaffairs.com)

• Spain arrests 34 cyber criminals who stole data of 4 million people (bleepingcomputer.com)

• Nigerian Police dismantle cyber crime recruitment, mentoring hub (bleepingcomputer.com)

Privacy, Surveillance and Mass Monitoring

• ‘I’m looking for fewer ways to be traceable, not more’ | Financial Times

• Google Chrome's new "IP Protection" will hide users' IP addresses (bleepingcomputer.com)

• ShadowDragon: Australian spies monitor PornHub, Tinder, Fortnite (crikey.com.au)

Misinformation, Disinformation and Propaganda

• Disinformation and its often overlooked potential for denial-of-services. (thecyberwire.com)

---

Nation State Actors, Advanced Persistent Threats (APTs), Cyber Warfare, Cyber Espionage and Geopolitical Threats/Activity

Misc Nation State/Cyber Warfare/Cyber Espionage

• ICC: September Breach Was Espionage Raid - Infosecurity Magazine (infosecurity-magazine.com)

• International Criminal Court attack was targeted and sophisticated (securityaffairs.com)

• Governments and hackers agree: the laws of war must apply in cyber space (theconversation.com)

• It's Time to Establish the NATO of Cyber Security (darkreading.com)

• War Crimes Court Flags Cyber Attack That Targeted Its Work - Law360

• International Criminal Court systems breached for cyber espionage (bleepingcomputer.com)

• Cyber attack a ‘serious attempt to undermine’ International Criminal Court - Lawyers Weekly

• Rising Global Tensions Could Portend Destructive Hacks (inforisktoday.com)

Geopolitical Threats/Activity

• Cyber attacks in the Israel-Hamas war (cloudflare.com)

• Cyber criminals exploit the Israeli-Hamas conflict through scam emails and websites (iol.co.za)

• Cyber operations linked to Israel-Hamas fighting gain momentum | CyberScoop

• Rising Global Tensions Could Portend Destructive Hacks (inforisktoday.com)

China

• MI5 chief warns of Chinese cyber espionage reached an unprecedented scale (securityaffairs.com)

• Glasgow universities on red alert over Chinese spies as they join security scheme - Glasgow Live

• Navy ends tradition of Chinese laundrymen on warships over spying fears (telegraph.co.uk)

Russia

• Russia Cyber attacks Becoming More Sophisticated, Ukraine Official Says - Bloomberg

• Ukraine's IT army is a world first: here's why it is an important part of the war (theconversation.com)

• European govt email servers hacked using Roundcube zero-day (bleepingcomputer.com)

• Ministry, police and Crimea summit websites victims of cyber attack | Radio Prague International

• Pro-Russia group behind today’s mass cyber attack against Czech institutions - Prague, Czech Republic (expats.cz)

• Major Russian bank reportedly hacked by Ukraine | SC Media (scmagazine.com)

• Hackers backdoor Russian state, industrial orgs for data theft (bleepingcomputer.com)

• Who is sabotaging underwater infrastructure in the Baltic Sea? (economist.com)

• Pro-Russia hackers target inboxes with 0-day in webmail app used by millions | Ars Technica

• Russia-Ukraine War: Cyber Attack and Kinetic Warfare Timeline - | MSSP Alert

• France says Russian state hackers breached numerous critical networks (bleepingcomputer.com)

• Cyber attack a ‘serious attempt to undermine’ International Criminal Court - Lawyers Weekly

• Inside Ukraine's Cyber Army (globelynews.com)

• Former NSA employee pleads guilty to attempted selling classified documents to Russia (securityaffairs.com)

• Ex-NSA techie admits to selling state secrets to Russia • The Register

Iran

• Iran APT Targets the Mediterranean With Watering-Hole Attacks (darkreading.com)

North Korea

• US seizes sites that funnel money from North Korean IT workers for illicit activities | SC Media (scmagazine.com)

• Freelance Market Flooded With North Korean IT Actors (darkreading.com)

---

Vulnerability Management

• Concerns grow as LockBit knockoffs increasingly target popular vulnerabilities (therecord.media)

• Why Do We Need Real-World Context to Prioritise CVEs? (darkreading.com)

• Security Patch Management Strengthens Ransomware Defence (trendmicro.com)

Vulnerabilities

• Citrix Bleed exploit lets hackers hijack NetScaler accounts (bleepingcomputer.com)

• Exploitation of Citrix NetScaler vulns reaching dangerous levels | Computer Weekly

• Critical SolarWinds RCE Bugs Enable Unauthorised Network Takeover (darkreading.com)

• CISA adds second Cisco IOS XE flaw to its Known Exploited Vulnerabilities catalog - Security Affairs

• Cisco Zero-Day Exploited to Implant Malicious Lua Backdoor on Thousands of Devices (thehackernews.com)

• Cisco hackers likely taking steps to avoid identification | Computer Weekly

• F5 Issues Warning: BIG-IP Vulnerability Allows Remote Code Execution (thehackernews.com)

• European govt email servers hacked using Roundcube zero-day (bleepingcomputer.com)

• VMware vCenter Flaw So Critical, Patches Released for End-of-Life Products - Security Week

• Critical OAuth Flaws Uncovered in Grammarly, Vidio, and Bukalapak Platforms (thehackernews.com)

• Firefox, Chrome Updates Patch High-Severity Vulnerabilities - Security Week

• The Forbidden Fruit Of Cyber Security: Hackers Take A Bite Out Of Apple (forbes.com)

• Pro-Russia hackers target inboxes with 0-day in webmail app used by millions | Ars Technica

• Apple Ships Major iOS, macOS Security Updates - Security Week

• Hackers can force iOS and macOS browsers to divulge passwords and much more | Ars Technica

• ServiceNow quietly fixes 8-year-old data exposure flaw • The Register

---

Tools and Controls

• 48% of organisations predict cyber attack recovery to take weeks | Security Magazine

• Businesses access to cyber insurance impacted by employee mistakes and poor security: QBE - Reinsurance News

• Ransomware attacks are getting faster: How to adjust incident response plans accordingly | SC Media (scmagazine.com)

• Cyber attack response plans need to be in place to avoid chaos - FreightWaves

• NIST provides solid guidance on software supply chain security in DevSecOps | CSO Online

• What is Network Segmentation? Virtual & Physical Segmentation | UpGuard

• AI-related security fears drive 2024 IT spending - Help Net Security

• Businesses fear generative AI will cause ‘catastrophic’ cyber attacks (siliconrepublic.com)

• Is it wise to put all your security solutions in one cyber basket? (securitybrief.co.nz)

• Cyber attacks are inevitable, so a focus on resilience is vital - James McGachie (scotsman.com)

• Cyber Resilience And Risk Management: Forces Against Cyber Threats (forbes.com)

• Are Backup Files the Missing Link in Your Cyber Security? (finextra.com)

• Unveiling the power of emerging technologies to empower cyber resilience (techuk.org)

• Cyber security concerns grow among physical security professionals | Security Magazine

• The Cyber Security Resilience Quotient: Measuring Security Effectiveness - Security Week

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Other News

• MPs to examine cyber resilience of UK’s critical national infrastructure | CSO Online

• UK Parliament Opens Inquiry into Cyber-Resilience - Infosecurity Magazine (infosecurity-magazine.com)

• Strategies to overcome cyber security misconceptions - Help Net Security

• UK NCSC, NPSA launch Secure Innovation campaign to protect tech startups | CSO Online

• 5 important cyber security takeaways for law firms - Lawyers Weekly

• How Cyber Security Has Evolved In The Past 20 Years (forbes.com)

• HMRC annual report triggers cyber red alert | AccountingWEB

• Oops! When tech innovations create new security threats | CSO Online

• Spooky Cyber Statistics And Trends You Need To Know (forbes.com)

• The Changing Threat Landscape: Infostealers and the MacOS goldmine - F-Secure Blog

• Proactively preventing your company from becoming the next cyber attack headline (betanews.com)

• Cyber security trends 2023 | Allianz Commercial

• Demystifying Cyber Security: Shakespeare To The Rescue | HackerNoon

• Cyber Threat: Aviation’s Clear and Present Danger? | Aerospace Tech Review

• OT cyber attacks proliferating despite growing cyber security spend - Help Net Security

• Cost of a Data Breach: Retail Costs, Risks and Prevention Strategies (securityintelligence.com)

• What Would a US Government Shutdown Mean for Cyber Security? (darkreading.com)

• Weapons Systems Provide Valuable Lessons for ICS/OT Security - Security Week

• Cabinet Office tight-lipped on number of government cyber attacks and malware infections (civilserviceworld.com)

• Cyber attacks now biggest cause of downtime and data loss – report - CIR Magazine

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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 29 September 2023

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

Top Cyber Stories of the Last Week

Ransomware Groups Are Shifting Their Focus Away from Larger Targets

Ransomware groups are once again prioritising attacks on smaller organisations as they look to target those with less mature security capabilities. Analysis from Trend Micro has shown that ransomware groups such as Lockbit, Cl0p and Black Cat are slowing down attacks against “big game” targets, such as multinationals, and are focusing their attention on smaller organisations. It was found that the overall ransomware attack victim numbers increased by 47% from H2 2022.

Organisations “of up to 200 employees”, those within the small-to-medium-sized range, accounted for the majority (575) of attacks using LockBit’s ransomware across H1 2023. Similar trends were observed with rivals in the ransomware-as-a-service (RaaS) space. Nearly half (45%) of Black Cat victims were in the same size range. There are many underlying factors in the recent surge of attacks on smaller organisations, however one big cause is the economic factor and the perception that smaller organisations are not going to be as well protected.

Sources: [Techcentral] [Helpnet Security]

Cover-ups Still the Norm as Half of Cyber Attacks go Unreported

A report found that 48% of organisations that experience critical cyber incidents and disasters such as ransomware attacks do not report it to the appropriate authorities, and 41% do not even disclose cyber attacks to their boards. Alarmingly, 32% simply “forgot” and 22% self-reported that there wasn’t a system in place to report it. In the UK, failure to report a breach within 72 hours could make a company eligible for a fine up to €10 million or 2% of annual global turnover if deemed a lower-level infringement, and up to €20 million or 4% of annual global turnover for higher-level infringements.

The lack of reporting also has a knock-on effect: a significant number of cyber attacks go un-reported and therefore this skews statistics, meaning the current numbers of known cyber attacks are likely much lower than the actual figure.

Sources: [Computer Weekly] [InfoSecurity Magazine]

Reported Cyber Security Breaches Increase Threefold for Financial Services Firms

New research shows that cyber security breaches for UK financial service firms have increased threefold from 187 attacks (2021-2022) to 640 attacks (2022-2023). This comes as the pensions sector reported the biggest jump in breaches rising from 6 to 246 in the same period, a concerning large increase of 4,000%. These patterns are not only relevant to the UK however, with separate reports highlighting an 119% increase in attacks on financial sector cyber attacks globally from 2022 to 2023.

Trustees can be liable for failures in managing cyber risk, so any business looking to protect itself from the impact of a cyber attack should invest in understanding its cyber footprint, the risks it poses, and have the right policies/procedures in place.

Sources: [CIR Magazine] [PensionsAge] [CityAM] [TechRadar]

Attacks on SME’s Surged in The First Half of 2023

According to Kaspersky, small and medium enterprises (SMEs) dealt with more attacks during the first half of the year compared to the same time the year previous. Worryingly, a separate report found that over three quarters of SME leaders could not confidently identify a cyber incident at work and 50% of respondents felt they were unable to identify the difference between a phishing email and real email.

An outcome of the study was the identification of a need for effective user training. SMEs do not have the budget to have a wide range of tools, however they can strengthen their users’ security practices.  Black Arrow enables SMEs to strengthen their people controls through bespoke and affordable education and awareness training for all levels of the organisation.

Sources: [Inquirer] [HelpNet Security] [Insurance Times]

The CISO Carousel and Its Effect on Enterprise Cyber Security

The average tenure of a Chief Information Security Officer (CISO) is said to sit between 18 to 24 months; research highlights the reasons including the strain of the role, the perceived lack of leadership support, and the attraction of more money from a different employer. There is often a gap while the replacement is recruited, during which there is nobody looking after the organisation’s security.

In some cases, organisations may look to outsource by using the services of a virtual CISO (vCISO) with cost savings and greater stability and flexibility. The Black Arrow vCISO team are experienced world-class specialists, providing independent, impartial and objective expertise across the wide range of essential CISO skills with significant advantages compared to an internal resource.

Source: [Security Week]

Bermuda Struggles to Recover from Ransomware Attack

The Bermudan Government this week suffered what they referred to as a significant cyber incident. Workers were cut off from email and telephone systems, with affected departments resorting to manual processes and issuing of paper based cheques. The Government was unable to make payroll payments, and parcels could not be sent from the Island’s Post Offices. It is noted that while not all systems were affected, the government took everything offline out of precaution. It is believed that some other regional governments have also been impacted.

The attack has been attributed to Russia or Russian-based actors, but attribution in cases like this can be difficult. It should be noted that, if involvement from Russia were confirmed, both Russian state actors and Russian based cyber criminals work closely in a symbiotic relationship that benefits both parties. Using cyber crime groups as fronts provides nation state actors with a level of deniability, while also allowing them to direct the operation and benefit from it. Equally, cyber crime groups get to do their thing with the blessing, whether tacit or explicit, of the national authorities in their country. In general, countries where this happens (such as Russia, North Korea and China) have no interest in cooperating with Western authorities, so the cyber criminals essentially work with impunity.

Sources: [Duo] [GovInfo Security] [Bleeping Computer]

Businesses Remain Unprepared Despite Cyber Threats Remaining a Top Concern

A report found cyber threats continue to rank among the top three business concerns for a wide spectrum of companies. Despite it being such a concern, a significant percentage of businesses admitted to not conducting cyber assessments for vendors (57%) or customers’ assets (56%), having an incident response plan (50%), or implementing multifactor authentication for remote access (44%). Phishing scams were of particular concern, with companies reporting a notable increase in incidents, jumping from 14% to 27% over the past year.

Cyber attacks are a certainly a sobering reality, with nearly 23% of survey participants disclosing that their company had fallen victim to a cyber attack and 49% of these incidents occurred within the past year.

Source: [Reinsurance News]

Business Leaders More Anxious About Ransomware Than Recession as Victims from Single Attack Surpasses 2,000 Organisations

According to a recent study, half of business leaders are more worried about falling victim to a ransomware attack than macroeconomic hardship. Over 60% of businesses who had suffered a ransomware attack reported concerns about the prospect of a second ransomware attack, and 71% of leaders admitted their businesses wouldn’t be able to withstand it. 56% said they had increased hiring costs, nearly half experienced increased customer complaints, and 47% reported team stress. This comes as the tally of victims from the MOVEit attack alone surpasses 2,000 organisations. To make matters worse, the FBI has described dual ransomware attacks taking place, with the second attack less than 48 hours after the first.

Source: [Tech Informed] [Helpnet Security] [Helpnet Security] [BleepComputer]

Hotel Hackers Redirect Guests to Fake Booking[.]com Site in Major Phishing Campaign

Booking.com users have become the focus of a new, large-scale phishing campaign that involved hackers taking control of the hotel’s Booking[.]com account. Once in control, the attackers were then able to utilise personal information and craft messages, tailored to victims.

With many organisations using sites such as Booking[.]com, it is imperative that staff are trained effectively, to reduce the risk of them falling victim to a phishing campaign.

Sources: [BleepingComputer] [Inforsecurity Magazine]

Cyber Leaders Worry That AI Will Overwhelm Cyber Defences

A survey of 250 leaders found that 85% worry that AI will overwhelm cyber defences while almost two thirds (61%) have already seen an increase in cyber attack complexity due to AI. Overall 80% view AI as the single biggest cyber threat their business faces, and seven out of 10 are investing in more resilient measures to improve their detection and response protocols.

AI can certainly be overwhelming, but with the right expertise, organisations can navigate their way to improving their AI defences. Black Arrow’s expert team helps your leadership to understand and manage AI-based risks, and safely adopt artificial intelligence in your organisation.

Source: [Management Issues]

Boards Still Lack Cyber Security Expertise

A study by the US National Association of Corporate Directors (NACD) and the Internet Security Alliance (ISA) found that just 12% of S&P 500 companies have board directors with relevant cyber credentials, showing that there is still a lack of expertise at the board level. Boards can improve their expertise by engaging with training that is tailored to leadership. 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: [Wallstreet Journal]

4 Legal Surprises You May Encounter After a Cyber Security Incident

In the event of a cyber incident, there are a number of problems that emerge, but some you may not be aware of. These may include investigations by auditors, a freeze on payments by banks, and uncertainty about notifying third parties including customers. Your insurance provide may also launch a review of the cyber security controls that you had in place before the incident, to determine the payout.

Ideally, you will never have to face a cyber incident, but it can happen and it’s best to ensure you are well placed to deal with it, by understanding what needs to be done and how to respond. 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: [Dark Reading]

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Governance, Risk and Compliance

• The CISO Carousel and Its Effect on Enterprise Cyber Security - Security Week

• Boards Still Lack Cyber Security Expertise - WSJ

• Cyber leaders worry that AI will overwhelm cyber defences (management-issues.com)

• It's time to safeguard the financial sector: Navigate employee turnover to defend against escalating cyber attacks (betanews.com)

• Businesses Unprepared for Cyber Attacks Despite Steady Concern (insurancejournal.com)

• Cyber criminals are targeting the financial sector more than ever | TechRadar

• The hidden costs of neglecting cyber security for small businesses - Help Net Security

• Majority of UK SME c-suites lacking awareness of cyber risks | Insurance Times

• Business leaders most anxious about ransomware attacks (techinformed.com)

• Cyber security incident response: Your company's ICU (channelweb.co.uk)

• Cover-ups still the norm in the wake of a cyber incident | Computer Weekly

• Many firms aren't reporting breaches to the proper authorities | TechRadar

• Half of Cyber-Attacks Go Unreported - Infosecurity Magazine (infosecurity-magazine.com)

• CISOs are struggling to get cyber security budgets: Report | CSO Online

• CISOs are spending more on cyber security - but it might not be enough | TechRadar

• Cyber threats remain top concern for businesses in 2023: Travelers Risk Index - Reinsurance News

• Despite rising insider risk costs, budgets are being wasted in the wrong places - Help Net Security

• The Hot Seat: CISO Accountability in a New Era of SEC Regulation (darkreading.com)

• Proactive Security: What It Means for Enterprise Security Strategy (darkreading.com)

• Essential guide to cyber security compliance | Intruder

• 4 Legal Surprises You May Encounter After a Cyber Security Incident (darkreading.com)

• Moving From Qualitative to Quantitative Cyber Risk Modeling - Security Week

• Financial crime compliance costs exceed $206 billion - Help Net Security

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Threats

Ransomware, Extortion and Destructive Attacks

• Ransomware soars as enterprises struggle to respond - Verdict

• Ransomware groups are once again targeting smaller businesses for more lucrative payouts - TechCentral.ie

• Ransomware groups are shifting their focus away from larger targets - Help Net Security

• Business leaders most anxious about ransomware attacks (techinformed.com)

• Why is Ransomware Such a Prevalent Threat and Popular Tool for Attackers? | MSSP Alert

• ShadowSyndicate: A New Cyber Crime Group Linked to 7 Ransomware Families (thehackernews.com)

• The Group Claiming To Have Hacked Sony Is Using GDPR As A Weapon For Demanding Ransoms | Techdirt

• FBI: Dual ransomware attack victims now get hit within 48 hours (bleepingcomputer.com)

• Cl0p's MOVEit attack tally surpasses 2,000 victim organisations - Help Net Security

• MOVEit cyber attack is pause for concern | Ary Rosenbaum - The Rosenbaum Law Firm P.C. - JDSupra

• Lawsuits Allege MGM, Caesars Neglected Cyber Security Preparedness (skift.com)

• 'Power, influence, notoriety': The Gen-Z hackers who struck MGM and Caesars - The Japan Times

• Amidst MGM, Caesar's Incidents, Attackers Focus on Luxury Hotels (darkreading.com)

• Youth hacking ring at the center of cyber crime spree | CyberScoop

• Current ransomware defencs efforts are not working - Help Net Security

• VMware users anxious about costs and ransomware threats - Help Net Security

• MSP shares details of Kaseya VSA ransomware attack, recovery | TechTarget

• Trust Is Key In Cyber Security: Analysing The MOVEit Ransomware Attacks (forbes.com)

• Study Reveals Conti Affiliates Money Laundering Practices (inforisktoday.com)

• Akira Ransomware Mutates to Target Linux Systems, Adds TTPs (darkreading.com)

• Trend Micro Report Reveals Increase of LockBit Ransomware Attacks in US (thedefensepost.com)

• Hospital Ransomware Attacks Go Beyond Health Care Data (securityintelligence.com)

• Patient Care at Risk as Hospitals Increasingly on Frontlines of Ransomware Attacks | The Epoch Times

• Ransomware a threat to the trucking industry - FreightWaves

Ransomware Victims

• Bermuda Struggles to Recover From Cyber Attack (govinfosecurity.com)

• Cl0p's MOVEit attack tally surpasses 2,000 victim organisations - Help Net Security

• Amidst MGM, Caesar's Incidents, Attackers Focus on Luxury Hotels (darkreading.com)

• MGM, Caesars Cyber Attack Responses Required Brutal Choices (darkreading.com)

• Russian ransomware LockBit threatens to leak internal data from The Weather Network on dark web - The Globe and Mail

• City of Dallas has set a budget of $8.5 million to mitigate the May Royal ransomware attack. (securityaffairs.com)

• Ransomware Group Claims to Have Breached 'All of Sony Systems' (vgchartz.com)

• 900 US Schools Impacted by MOVEit Hack at National Student Clearinghouse - Security Week

• Youth hacking ring at the center of cyber crime spree | CyberScoop

• MGM Resorts and Caesars face class action lawsuits over September cyber attacks By Investing.com

• UK logistics firm blames ransomware attack for insolvency, 730 redundancies (therecord.media)

• Ransomed.vc Group Hits NTT Docomo After Sony Breach Claims - Infosecurity Magazine (infosecurity-magazine.com)

• Ransomware group demands $51 million from Johnson Controls after cyber attack (bitdefender.com)

• Lawsuits Allege MGM, Caesars Neglected Cyber Security Preparedness (skift.com)

• Alphv group claims the hack of Clarion, a global manufacturer of audio and video equipment for cars (securityaffairs.com)

• Leekes cyber attack? NoEscape ransomware gang claims breach (techmonitor.ai)

Phishing & Email Based Attacks

• This devious phishing scam makes it look like dodgy emails are actually safe | TechRadar

• Booking.com Customers Targeted in Major Phishing Campaign - Infosecurity Magazine (infosecurity-magazine.com)

• Use of QR codes in email phishing | Securelist

• How Does Modern Phishing Work? | HackerNoon

• New AtlasCross hackers use American Red Cross as phishing lure (bleepingcomputer.com)

• Hackers Trick Outlook Into Showing Fake AV Scan | ITPro Today: IT News, How-Tos, Trends, Case Studies, Career Tips, More

BEC – Business Email Compromise

• Nigerian man pleads guilty to attempted $6 million BEC email heist (bleepingcomputer.com)

• BEC Attacks Increase By 279% in Healthcare - Infosecurity Magazine (infosecurity-magazine.com)

Other Social Engineering; Smishing, Vishing, etc

• Rise in cyber criminals leveraging voice phishing and OTP theft for data breaches: Report | Tech News (hindustantimes.com)

Artificial Intelligence

• Cyber leaders worry that AI will overwhelm cyber defences (management-issues.com)

• No 10 worried AI could be used to create advanced weapons that escape human control | Artificial intelligence (AI) | The Guardian

• The Biggest AI Trends in Cyber Security - CNET

• Google is working to keep Bard chats out of Search • The Register

• Nuclear Brinkmanship in AI-Enabled Warfare: A Dangerous Algorithmic Game of Chicken - War on the Rocks

• New working group to probe AI risks and applications | CyberScoop

• A Primer On Artificial Intelligence And Cyber Security (forbes.com)

• How should organisations navigate the risks and opportunities of AI? - Help Net Security

Malware

• Malware attacks on SMEs surged in H1 | Inquirer Business

• Gozi strikes again, targeting banks, cryptocurrency and more (securityintelligence.com)

• 'Culturestreak' Malware Lurks Inside GitLab Python Package (darkreading.com)

• Deadglyph: New Advanced Backdoor with Distinctive Malware Tactics (thehackernews.com)

• New variant of BBTok Trojan targets users of +40 banks in LATAM (securityaffairs.com)

• A powerful new malware backdoor is targeting governments across the world | TechRadar

• Researchers uncover thriving market for malware targeting IoT devices - The Hindu

• ZenRAT Malware Uncovered in Bitwarden Impersonation - Infosecurity Magazine (infosecurity-magazine.com)

Mobile

• Spyware: Spyware can infect your phone or computer via the ads you see online: report - The Economic Times (indiatimes.com)

• China-Linked EvilBamboo Targets Mobiles - Infosecurity Magazine (infosecurity-magazine.com)

• iOS 17 update secretly changed your privacy settings; here's how to set them back (bitdefender.com)

• Dangerous XenomorphAndroid malware is stealing from 100 banking apps — protect yourself now | Tom's Guide (tomsguide.com)

• Predator Spyware Delivered to iOS, Android Devices via Zero-Days, MitM Attacks - Security Week

• Russian Firm Willing to Pay $20 Million for iPhone, Android Zero-Day Exploits (pcmag.com)

Botnets

• Bot Swarm: Attacks From Middle East & Africa Are Notably Up (darkreading.com)

• New variant of BBTok Trojan targets users of +40 banks in LATAM (securityaffairs.com)

• Asian banks are a favorite target of cyber cooks, and malicious bots their preferred tool | ZDNET

Denial of Service/DoS/DDOS

• Over 700 Dark Web Ads Offer DDoS Attacks Via IoT in 2023 - Infosecurity Magazine (infosecurity-magazine.com)

• Internet of Things – IoT

• If You Have An Amazon Alexa Device, You Need To Check This Security Update List (slashgear.com)

• Researchers uncover thriving market for malware targeting IoT devices - The Hindu

• Where Linux is in your home, and how to protect Linux devices from hacking | Kaspersky official blog

Data Breaches/Leaks

• Billions of usernames and passwords leaked online — how to see if you’re affected | Tom's Guide (tomsguide.com)

• ICO sees breach reports from FS firms triple - CIR Magazine

• UK pension schemes reveal 4,000% rise in cyber security breaches - Pensions Age Magazine

• Reported cyber security breaches increase threefold for financial services firms (cityam.com)

• British charities warn supporters their personal data has been breached • Graham Cluley

• Air Canada discloses data breach of employee and 'certain records' (bleepingcomputer.com)

• National Student Clearinghouse data breach impacts 890 schools (bleepingcomputer.com)

• BORN Ontario child registry data breach affects 3.4 million people (bleepingcomputer.com)

• 900 US Schools Impacted by MOVEit Hack at National Student Clearinghouse - Security Week

• Regulator Warns Breaches Can Cost Lives - Infosecurity Magazine (infosecurity-magazine.com)

• Hospital alert as 24,000 letters meant for GPs lost in computer error - Mirror Online

Organised Crime & Criminal Actors

• 'Marriages of Convenience' Between State Actors and Cyber Criminals Provide Cover for Both | Decipher (duo.com)

• 'Power, influence, notoriety': The Gen-Z hackers who struck MGM and Caesars - The Japan Times

• Asian banks are a favourite target of cyber cooks, and malicious bots their preferred tool | ZDNET

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• NFT Hype Collapse Means 95% of The Digital Assets Are Now 'Worthless' | Tom's Hardware (tomshardware.com)

• Gozi strikes again, targeting banks, cryptocurrency and more (securityintelligence.com)

• Yet another hack hits NFT marketplace OpenSea - SiliconANGLE

• Crooks stole $200 million worth of assets from Mixin Network (securityaffairs.com)

• Bitcoin scammer who was snared by victims sentenced - BBC News

• Security researcher stopped at US border for investigating crypto scam (bleepingcomputer.com)

Insider Risk and Insider Threats

• 75% who didn't report cyber attack to leadership, felt guilty about it | Security Magazine

• Preventing employees from becoming the gateway for cyber attacks | TechRadar

• Despite rising insider risk costs, budgets are being wasted in the wrong places - Help Net Security

Fraud, Scams & Financial Crime

• Hotel hackers redirect guests to fake Booking.com to steal cards (bleepingcomputer.com)

• Beware: fraud and smishing scams targeting students | Bournemouth University

• Yet another hack hits NFT marketplace OpenSea - SiliconANGLE

• Crooks stole $200 million worth of assets from Mixin Network (securityaffairs.com)

• Fraud prevention forces scammers to up their game - Help Net Security

• Why young people are more prone to online scams than boomers are (news5cleveland.com)

• Bitcoin scammer who was snared by victims sentenced - BBC News

• Security researcher warns of chilling effect after feds search phone at airport | TechCrunch

AML/CFT/Sanctions

• Study Reveals Conti Affiliates Money Laundering Practices (inforisktoday.com)

• Financial crime compliance costs exceed $206 billion - Help Net Security

Insurance

• Exploring Cyber Insurance and its Intersection with Property Coverage | Woodruff Sawyer - JDSupra

• Half of organisations with cyber insurance implemented additional security measures to qualify for the policy or reduce its cost - IT Security Guru

Dark Web

• Over 700 Dark Web Ads Offer DDoS Attacks Via IoT in 2023 - Infosecurity Magazine (infosecurity-magazine.com)

Supply Chain and Third Parties

• Trust Is Key In Cyber Security: Analysing The MOVEit Ransomware Attacks (forbes.com)

• How the Okta Cross-Tenant Impersonation Attacks Succeeded (darkreading.com)

• Lawsuits Allege MGM, Caesars Neglected Cyber Security Preparedness (skift.com)

• 3 phases of the third-party risk management lifecycle | TechTarget

Cloud/SaaS

• Guide: SaaS Offboarding Checklist - Help Net Security

Containers

• Kubernetes attacks in 2023: What it means for the future - Help Net Security

Encryption

• The UK just passed an online safety law that could make people less safe (theconversation.com)

• Regulators Are 'Hurting Their Own Country' in Seeking Encryption Backdoors: Nym CEO - Decrypt

Open Source

• Where Linux is in your home, and how to protect Linux devices from hacking | Kaspersky official blog

• Akira Ransomware Mutates to Target Linux Systems, Adds TTPs (darkreading.com)

Passwords, Credential Stuffing & Brute Force Attacks

• Why Shouldn’t You Use the Same Password Everywhere Online (makeuseof.com)

• Are You Willing to Pay the High Cost of Compromised Credentials? (thehackernews.com)

Biometrics

• The multi-national push to ban facial recognition in public spaces | Biometric Update

Social Media

• Elon Musk’s X is biggest outlet of Russia disinformation, EU says (cnbctv18.com)

• X scraps tool to report electoral fake news - researchers - BBC News

Malvertising

• Spyware: Spyware can infect your phone or computer via the ads you see online: report - The Economic Times (indiatimes.com)

Training, Education and Awareness

• Preventing employees from becoming the gateway for cyber attacks | TechRadar

Travel

• Security researcher stopped at US border for investigating crypto scam (bleepingcomputer.com)

Cyber Bullying, Cyber Stalking and Sextortion

• Regulator Warns Breaches Can Cost Lives - Infosecurity Magazine (infosecurity-magazine.com)

Regulations, Fines and Legislation

• The Group Claiming To Have Hacked Sony Is Using GDPR As A Weapon For Demanding Ransoms | Techdirt

• The UK just passed an online safety law that could make people less safe (theconversation.com)

• Are we about to lose the last pillar of our digital security? | Euronews

• New working group to probe AI risks and applications | CyberScoop

• SEC Gives Finality on Cyber Security Disclosures for Public Companies | Sheppard Mullin Richter & Hampton LLP - JDSupra

• Why California's Delete Act matters for the whole country - Help Net Security

• Financial crime compliance costs exceed $206 billion - Help Net Security

Models, Frameworks and Standards

• MITRE ATT&CK project leader on why the framework remains vital for cyber security pros - Help Net Security

• Why It’s Wrong To Judge SIEM Success Only Against The ATT&CK Framework (forbes.com)

• Urgent actions for protecting utilities against cyber-attack: Navigating NIS 2 - Utility Week

Careers, Working in Cyber and Information Security

• The CISO Carousel and Its Effect on Enterprise Cyber Security - Security Week

• Demand for cyber security staff trebled since 2019 | Business Post

• Cyber security and staffing issues key risks for companies | Accountancy Daily

• Cyber security skills employers are desperate to find in 2023 - Help Net Security

• Preventing security professionals from ‘quietly quitting’ due to alert fatigue (securitybrief.co.nz)

Law Enforcement Action and Take Downs

• Nigerian man pleads guilty to attempted $6 million BEC email heist (bleepingcomputer.com)

• Western District of Washington | French cyber criminal pleads guilty to fraud and aggravated identity theft for hacking private information | United States Department of Justice

Misinformation, Disinformation and Propaganda

• Elon Musk’s X is biggest outlet of Russia disinformation, EU says (cnbctv18.com)

• X scraps tool to report electoral fake news - researchers - BBC News

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Nation State Actors, Advanced Persistent Threats (APTs), Cyber Warfare and Cyber Espionage

Russia

• Russia’s APT29 intensifies espionage operations | SC Media (scmagazine.com)

• Russian hacking operations target Ukrainian law enforcement | CyberScoop

• Cyber-Attacks on Ukraine Surge 123%, But Success Rates Plummet - Infosecurity Magazine (infosecurity-magazine.com)

• Government of Bermuda blames Russian threat actors for the cyber attack (securityaffairs.com)

• Bermuda probes major cyber attack as officials slowly bring operations back online (thestar.com)

• Ukraine war: Cyber Attack in Crimea after Black Sea fleet HQ hit | News UK Video News | Sky News

• Russian hackers trying to steal evidence of Moscow’s war crimes in Ukraine - cyber chief (ukrinform.net)

• 'Marriages of Convenience' Between State Actors and Cyber Criminals Provide Cover for Both | Decipher (duo.com)

• Examining the Activities of the Turla APT Group (trendmicro.com)

• Scottish Tory MSP has website hacked by 'hostile Russian group' | The National

• Elon Musk’s X is biggest outlet of Russia disinformation, EU says (cnbctv18.com)

• Russian Firm Willing to Pay $20 Million for iPhone, Android Zero-Day Exploits (pcmag.com)

• Cyber Attack on Russian Air Booking System Sparks Flight Delays - The Moscow Times

China

• China's BlackTech Hacking Group Exploited Cisco Routers to Target US and Japanese Companies (thehackernews.com)

• Chinese hackers stole 60,000 emails from US State Department in Microsoft hack, Senate staffer says (databreaches.net)

• Taiwan is bracing for Chinese cyber attacks, White House official says - POLITICO

• China-Linked EvilBamboo Targets Mobiles - Infosecurity Magazine (infosecurity-magazine.com)

• Chinese Gov Hackers Caught Hiding in Cisco Router Firmware - Security Week

• Budworm: APT Group Uses Updated Custom Tool in Attacks on Government and Telecoms Org | Symantec Enterprise Blogs (security.com)

• China’s national security minister lists top digital threats • The Register

Misc Nation State/Cyber Warfare

• 'Marriages of Convenience' Between State Actors and Cyber Criminals Provide Cover for Both | Decipher (duo.com)

• Sophisticated APT Clusters Target Southeast Asia - Infosecurity Magazine (infosecurity-magazine.com)

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Vulnerability Management

• Why Zero Days Are Set for Highest Year on Record - Infosecurity Magazine (infosecurity-magazine.com)

Vulnerabilities

• Another Chrome security issue is exploited in the wild (and affecting all Chromium-based browsers) - gHacks Tech News

• Google assigns new maximum rated CVE to libwebp bug exploited in attacks (bleepingcomputer.com)

• Cisco Warns of IOS Software Zero-Day Exploitation Attempts - Security Week

• Researchers Release Details of New RCE Exploit Chain for SharePoint (darkreading.com)

• High-Severity Flaws Uncovered in Atlassian Products and ISC BIND Server (thehackernews.com)

• GPUs from all major suppliers are vulnerable to new pixel-stealing attack | Ars Technica

• Firefox 118 Patches High-Severity Vulnerabilities - Security Week

• Hackers actively exploiting Openfire flaw to encrypt servers (bleepingcomputer.com)

• Trust Is Key In Cyber Security: Analysing The MOVEit Ransomware Attacks (forbes.com)

• China's BlackTech Hacking Group Exploited Cisco Routers to Target US and Japanese Companies (thehackernews.com)

• macOS 14 Sonoma Patches 60 Vulnerabilities - Security Week

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Tools and Controls

• Cyber security incident response: Your company's ICU (channelweb.co.uk)

• CISOs are spending more on cyber security - but it might not be enough | TechRadar

• 4 Legal Surprises You May Encounter After a Cyber Security Incident (darkreading.com)

• Half of organisations with cyber insurance implemented additional security measures to qualify for the policy or reduce its cost - IT Security Guru

• The 5 most dangerous Wi-Fi attacks, and how to fight them | PCWorld

• The Biggest AI Trends in Cyber Security - CNET

• How SOAR helps improve MTTD and MTTR metrics | TechTarget

• What Is a Network Security Assessment and Why You Need It | MSSP Alert

• Why You Should Phish In Your Own Pond (informationsecuritybuzz.com)

• The pitfalls of neglecting security ownership at the design stage - Help Net Security

• Guide: SaaS Offboarding Checklist - Help Net Security

• A Primer On Artificial Intelligence And Cyber Security (forbes.com)

• Preventing employees from becoming the gateway for cyber attacks | TechRadar

• Proactive Security: What It Means for Enterprise Security Strategy (darkreading.com)

• Looking Beyond the Hype Cycle of AI/ML in Cyber Security (darkreading.com)

• The Dark Side of Browser Isolation – and the Next Generation Browser Security Technologies (thehackernews.com)

• Moving From Qualitative to Quantitative Cyber Risk Modelling - SecurityWeek

• Cyber security budgets show moderate growth - Help Net Security

• Evaluating Security Outsourcing in the Wake of Recent High-Profile Cyber Attacks: Info-Tech Research Group Publishes New Resource (prnewswire.com)

• Exploring Cyber Insurance and its Intersection with Property Coverage | Woodruff Sawyer - JDSupra

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Other News

• Cyber criminals are targeting the financial sector more than ever | TechRadar

• The hidden costs of neglecting cyber security for small businesses - Help Net Security

• SMBs face growing cyber security threats, but basic measures can lower risks | ZDNET

• Why aviation needs to prioritise cyber security – Airport World (airport-world.com)

• The key threats facing ICS/OT environments (betanews.com)

• Are Fire Departments Prepared for a Cyber Attack? | HackerNoon

• Fintechs must brace for rising cyber security challenges | Mint (livemint.com)

• Space Force chief says commercial satellites may need defending | Ars Technica

• UK Cyber Security Council CEO reflects on a year of progress | CSO Online

• Google Loophole Lets Drug Dealers Hijack Nearly Any Website to Sell Narcotics (businessinsider.com)

• Cyber Hygiene: A First Line of  Against Evolving Cyber Attacks (darkreading.com)

• Cyber Attacks hit military, Parliament websites as India hacker group targets Canada (cheknews.ca)

• KnowBe4 Finds US. Healthcare a Top Target For Cyber Attacks (prnewswire.com)

• US Government Shutdown Could Bench 80% of CISA Staff - SecurityWeek

• Recommendations for Managing Cyber Security Threats in the Manufacturing Sector | Foley & Lardner LLP - JDSupra

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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 Advisory 28 September 2023 – Google Patches Actively Exploited Chrome Zero Day as Mozilla Fix High-Severity Vulnerabilities in Firefox and Thunderbird

Executive summary

A new actively exploited zero-day vulnerability in Google Chrome which can lead to remote code execution has been identified, with patches released. Also this week, Mozilla released updates for high-severity vulnerabilities in both Firefox and Thunderbird.

What’s the risk to me or my business?

The actively exploited vulnerability and high-severity vulnerabilities can allow an attacker to execute malicious code, compromising the confidentiality, integrity and availability of data.

What can I do?

Security updates are available for both browsers. The updates for Chrome are available in version  117.0.5938.132 and should be applied immediately. The updates for Firefox are available in version 118 and should be applied as soon as possible.

Technical Summary

CVE-2023-5217: an actively exploited zero-day heap-based buffer overflow which can lead to execution of arbitrary code.

The security advisory from Google Chrome can be found here:

https://chromereleases.googleblog.com/2023/09/stable-channel-update-for-desktop_27.html

The security advisory from Firefox can be found here:

https://www.mozilla.org/en-US/security/advisories/mfsa2023-41/

Need help understanding your gaps, or just want some advice? Get in touch with us.

#threatadvisory #threatintelligence #cybersecurity

Black Arrow Cyber Advisory 15 September 2023 – Critical Vulnerability in Multiple Browsers, Update Now

Executive summary

A critical vulnerability in WebP has been identified as being actively exploited. The vulnerability impacts multiple browsers including Chrome, Edge, Firefox and Opera and any software using the libwebp library. Successful exploitation can lead to malicious code execution.

What’s the risk to me or my business?

The actively exploited vulnerability can allow an attacker to execute malicious code on vulnerable software, compromising the confidentiality, integrity and availability of data.

What can I do?

Security updates are available for browsers impacted; these should be applied immediately. It has been noted that other applications which use the libwebp library are also impacted and it is recommended that organisations check if the software they use is vulnerable.

Technical Summary

CVE-2023-4863: The actively exploited vulnerability allows an attacker to perform a heap buffer overflow attack, allowing them to execute malicious code.

Further details on the vulnerability can be found here:

https://nvd.nist.gov/vuln/detail/CVE-2023-4863

https://stackdiary.com/critical-vulnerability-in-webp-codec-cve-2023-4863/

The security advisory from Google Chrome can be found here:

https://chromereleases.googleblog.com/2023/09/stable-channel-update-for-desktop_12.html

The security advisory from Firefox can be found here:

https://www.mozilla.org/en-US/security/advisories/mfsa2023-40/

The security advisory from Microsoft can be found here:

https://msrc.microsoft.com/update-guide/en-US/advisory/CVE-2023-4863

Need help understanding your gaps, or just want some advice? Get in touch with us.

#threatadvisory #threatintelligence #cybersecurity

Black Arrow Cyber Advisory 13 September 2023 – Microsoft Patch Tuesday fixes 59 Vulnerabilities, including Two Actively Exploited, also Adobe, Chrome, Mozilla and SAP Updates

Executive summary

Microsoft’s September Patch Tuesday provides updates to address 59 security issues across its product range, including two actively exploited zero-day vulnerabilities. The exploited zero-days have both been added to the US Cybersecurity and Infrastructure Security Agency’s (CISA) “Known Exploited Vulnerabilities Catalog”. Of the 59 security issues addressed by Microsoft , 5 were rated critical.

What’s the risk to me or my business?

The actively exploited vulnerabilities could allow an attacker to gain SYSTEM privileges or capture and relay hashes of user passwords to gain access to that users account. Both compromise the confidentiality, integrity and availability of data stored by an organisation.

What can I do?

Security updates are available for all supported versions of Windows impacted. The updates should be applied as soon as possible for the actively exploited vulnerabilities and all other vulnerabilities that have a critical severity rating.

Technical Summary

CVE-2023-36802: The actively exploited allows a local attacker to gain SYSTEM privileges.

CVE-2023-36761: This actively exploited vulnerability can allow an attacker to steal user password NTLM hashes of users who open a document, even if just in the preview plane.

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Adobe

This month, Adobe released fixes for 5 vulnerabilities, including 1 critical vulnerability, across Adobe Acrobat & Reader (1), Adobe Connect (2) and Adobe Experience Manager (2).  The critical vulnerability, tracked as CVE-2023-26369, impacts both Windows and macOS versions of Adobe Acrobat & Reader and if exploited, can allow an attacker to execute malicious code.

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Chrome

A new update for Google Chrome is available for Windows, Linux and macOS. The update addresses 16 security fixes, including one critical and actively exploited vulnerability which could cause for denial of service or allow code execution.

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Mozilla

Mozilla released fixes for two critical vulnerabilities, impacting Firefox and Thunderbird. The vulnerabilities could allow an attacker to perform code execution.

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SAP

Enterprise software vendor SAP has addressed 13 vulnerabilities in several of its products, including two critical-severity vulnerabilities that impact SAP BusinessObjects Business Intelligence Platform. 66Including remote execution and authentication bypass. A total of 5 vulnerabilities were given the “Hot News” priority, which is the highest priority according to SAP.

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further details on other specific updates within this patch Tuesday can be found here:

https://www.ghacks.net/2023/09/12/the-windows-september-2023-security-updates-are-now-available/

Further information on Adobe Acrobat and Reader can be found here:

https://helpx.adobe.com/security/products/acrobat/apsb23-34.html

Further information on Adobe Connect can be found here:

https://helpx.adobe.com/security/products/connect/apsb23-33.html

Further information on Adobe Experience Manager can be found here:

https://helpx.adobe.com/security/products/experience-manager/apsb23-43.html

Further information on the patches by SAP can be found here:

https://dam.sap.com/mac/app/e/pdf/preview/embed/ucQrx6G?ltr=a&rc=10

Further information on Google Chrome can be found here:

https://chromereleases.googleblog.com/2023/09/stable-channel-update-for-desktop_12.html

Further information on Mozilla can be found here:

https://www.mozilla.org/en-US/security/advisories/mfsa2023-40/

Need help understanding your gaps, or just want some advice? Get in touch with us.

#threatadvisory #threatintelligence #cybersecurity

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Black Arrow Cyber Threat Briefing 18th August 2023

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

Top Cyber Stories of the Last Week

Ransomware Group Targeting MSPs Worldwide in New Campaign

Russia-based cyber attackers called Play are evolving, with the ransomware group now using remote monitoring and management (RMM) tools at outsourced IT providers or managed service providers (MSPs) to gain access and hit downstream customers. A significant number of eventual targets are medium sized business. The group is also utilising intermittent encryption, where files are only partly encrypted, to avoid detection.

The attacks highlight the need for organisations to be aware of where they are in the supply chain and how they can be targeted through their supplier. It is not enough for an organisation to focus on its own security in isolation; organisations also need to have a way of effectively assessing their supply chain risk which includes their MSP.

Source [Dark Reading]

As Ransomware Surges, A lack of Resources Makes SMBs Most Vulnerable

Ransomware attacks continue to increase, with 1500 victims confirmed this year. It is likely this figure will continue to rise. In parallel, criminals are evolving and with that comes a rise in triple extortion; attackers are not just encrypting and exfiltrating an organisation’s data, but also using this data to blackmail employees and target third parties, hitting the supply chain.

Unfortunately for SMBs, they do not have the resources to keep up with such attacks, making them the most vulnerable. A report found that organisations that had 51 to 200 employees were the most targeted, followed by organisations with 11 to 50 employees. When it came to the types of organisations, the Financial Services sector placed first.

This should not mean SMBs should just accept this and wait to be attacked; on the contrary, their increased vulnerability means that SMBs need to effectively prioritise and allocate resources, and if necessary getting in specialist external help, to ensure their protections are the best that resources allow.

Sources [WWD] [InfoSecurity Magazine] [CRN]

Business Email Compromise Attack Costs Far Exceeding Ransomware Losses

Cloudflare's 2023 Phishing Threats Report recorded a 17% spike in business email compromise (BEC) related financial losses between December 2021 and 2022, noting that threat actors are increasingly leaning on this attack method to target organisations. Additionally, across 2022 nearly three-quarters (71%) of respondents to the study said they experienced an attempted or successful BEC attack. The Cloudflare report found that the financial impact of BEC led to organisations suffering losses in excess of $2.7 billion, whereas ransomware caused losses of $34.3 million during the same period.

Source [ITPro]

Email Phishing Remains the Main Entry for Cyber Criminals; People with Six Personality Traits are More Susceptible

According to a report, phishing attacks were found to be the initial attack vector for nine in ten cyber attacks. The report found that the focus of a cyber criminal tended to be two objectives: achieving authenticity and getting victims to click. Worryingly, 89% of unwanted messages were found to have bypassed authentication checks, leaving people and procedures as the last line of defence in an organisation.

A separate study found that having the following traits made a user more susceptible to phishing: extroverted, agreeable, people-pleasing, quick to trust, fearful or respectful of authority, and poor self-control.

With employees playing such an important role in preventing phishing, organisations need to ensure that employees are aware of what to look for in a phishing email with regular training to account for evolving tactics. This training should be carried out by experts with experience of conducting phishing simulations, accompanied with the ability to educate users on how they can protect themselves from falling victim.

Sources [Tech Radar] [Makeuseof]

Gartner Study Finds Generative AI to be a Top Emerging Risk for Organisations

In a recent survey, Gartner found that generative AI models such as ChatGPT were the second greatest emerging risk, with concerns around data privacy. This has led to organisations looking to ban such AI, with a separate report by Blackberry finding that ChatGPT faced banning from 75% of organisations.

Banning AI in the organisation is a short-term solution. The benefits of AI are clear and its usefulness in an organisation is significant, with reports finding 75% of IT leaders in favour. Organisations should instead look at how they can govern the usage of AI in their organisation, to reduce the risk of AI-related incidents and improve the effectiveness of work.

Sources [Security Magazine] [Analytics Insight] [IT Security Guru] [Decrypt]

LinkedIn Suffers Significant Wave of Account Hacks

LinkedIn users are reporting losing access to their accounts, with some being pressured into paying a ransom to get back in or else face permanent account deletion. LinkedIn is no stranger to being a target of cyber criminals; last year, the platform was deemed the most abused brand in phishing attempts likely due to its recognisability and widespread use in the corporate world. This extended as far as threat actors using fake LinkedIn profiles.

With the number of accounts being compromised, users need to be vigilant in their use of LinkedIn and be on the lookout for suspicious messages. Black Arrow recommends that users ensure they are using strong and unique passwords, combined with multi-factor authentication (MFA) to protect themselves.

Source [Dark Reading]

High Net-Worth Families are at Risk of Cyber Crime

A report found that high net-worth families have prioritised cyber security with a notable 77% of respondents stating they had a cyber security plan; however, 55% said their plan “could be better”.

A cyber security plan is not optional anymore. High net-worth families are at increased risk, with criminals cottoning on to the amount of information that is out there and the financial gain that can be made if that information is used effectively. Social media is just one of the things increasing the risk of cyber crime; unbeknownst to some families, their social media may be providing criminals a treasure trove of insight into a family’s wealth, real-time location and habits. Such information can be used by a cyber criminal to employ attacks.

Source [Campdenfb]

Cyber Attack Rule Raises Insurance Risks for Corporate Officers

The US Securities and Exchange Commission (SEC) recently issued rules that formally outlined directors’ responsibilities in cyber security governance for the first time, laying the groundwork for potential enforcement actions. The recently issued rules bring potential regulatory probes and shareholder legal class action alleging senior executives failed to supervise their businesses’ cyber security practices.

Although the practice is not yet universal, a growing number of director and officer (D&O) policies are being drafted with cyber related exclusions. Meanwhile, most cyber insurance policies exempt SEC enforcement actions and investor claims, but some cover allegations against a company’s executives over their cyber security roles.

Whilst this is only in the US at the moment, other developed nations are likely to follow suit.

Source [Bloomberg Law]

PSNI and UK Voter Breaches Show Data Security Should be Taken More Seriously

The Police Service of Northern Ireland (PSNI) and the UK Electoral Commission both suffered cyber incidents on the same day. Whilst both incidents were different in how they happened, the result was the same: sensitive information had been leaked. In the case of the PSNI, the data was leaked through a response to a freedom of information (FOI) request, in which an Excel sheet was accidentally included by the PSNI. The Electoral Commission incident resulted from a cyber attack.

The incidents are a wake-up call for organisations. If you have not already done so, you need to put things in place to help protect your data from ending up online. The PSNI incident in particular highlights the need to ensure that data does not leave the organisation by accident.

Source [The Guardian]

The Imperative of Cyber Preparedness: The Power of Tabletop Exercises

Cyber security has become an inescapable concern for organisations across industries. With cyber threats ranging from data breaches to ransomware attacks, it is paramount that companies remain vigilant and prepared.

A key way to be prepared is through a tabletop exercise that simulates a hypothetical cyber security incident and helps organisations to practice and evaluate their response. One example scenario can be responding to a ransomware attack blocking access to the organisation's computers for a ransom. These exercises serve as a practical, engaging, and low-risk way for teams to identify vulnerabilities in current plans, improve coordination, and evaluate the decision-making process during a crisis and this is something that we do with our clients on a regular basis.

Source [JDSupra]

Why Are Phones a Cyber Security Weak Spot?

Mobile phones are more interconnected than ever, with their usage extending to the workplace. Despite this, they often enter the corporate environment with a lack of protection and oversight. When laptops are in the corporate environment they are often secured through methods such as encryption and often the organisation has a clear oversight of the applications and activity on the laptop. Mobile phones on the other hand, are often left unmonitored, despite the fact they can and often do carry sensitive information.

Mobile phones also carry additional risks; for a start, they are easier to lose, due to their size difference and the fact they are often out more. In addition, they may have more entry points. Internet of things (IoT) devices, such as smart appliances, are often controlled by phones, making them another entry point for an attacker.

Source [Tech Shout]

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Governance, Risk and Compliance

• Hedge Fund Cyber security Trends Report says Majority Firms Report a Surge in Cyber Attacks - ITSecurityWire

• Lack of Resources Makes SMBs Most Vulnerable to Ransomware Attacks – WWD

• 1 in 5 CIOs Believe Cyber Security Ops Are Not An Immediate Priority - IT Security Guru

• Cyber threat risks reach three-year high – Avast (securitybrief.co.nz)

• Cyber Attack Rule Raises Insurance Risks for Corporate Officers (bloomberglaw.com)

• The Imperative of Cyber Preparedness: The Power of Tabletop Exercises | Bradley Arant Boult Cummings LLP - JDSupra

• Why Finance Leaders In Midsize Businesses Are Stepping Up Cyber security Efforts (forbes.com)

• Why are ultra-high-net-worth families at increased risk of cyber crime? | Campden FB

• Traditional vs. Enterprise Risk Management: How Do They Differ? (techtarget.com)

• 4 reasons to understand technology risks when buying a business (businessplus.ie)

• What did you say? Boards tackle corporate jargon | Fortune

• Boards Don't Want Security Promises — They Want Action (darkreading.com)

• Cyber attacks and data protection worries loom large | Natasha Doris | CDR Article (cdr-news.com)

• How threats to mid-sized businesses impact us all - Help Net Security

• 7 Reasons People Don't Understand What You Tell Them (darkreading.com)

• 6 Cyber Threat Areas for Companies and Organisations to Prioritize (forbes.com)

• How poor cyber security policies disrupt business continuity - IT Security Guru

• Cyber Prevention, Training Attract More Spend Than Remediation, Recovery, Execs Say - | MSSP Alert

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Threats

Ransomware, Extortion and Destructive Attacks

• Lack of Resources Makes SMBs Most Vulnerable to Ransomware Attacks – WWD

• Business email compromise attack costs far exceeding ransomware losses | ITPro

• Reported ransomware attacks doubled in key sectors (securitybrief.co.nz)

• Ransomware Surges With 1500 Confirmed Victims This Year - Infosecurity Magazine (infosecurity-magazine.com)

• 'Play' Ransomware Group Targeting MSPs Worldwide in New Campaign (darkreading.com)

• As Ransomware Gangs Shift To Data Extortion, Some Adopt A New Tactic: ‘Customer Service’ | CRN

• Triple Extortion Ransomware and the Cyber Crime Supply Chain (bleepingcomputer.com)

• Companies are finding it harder to detect ransomware | TechRadar

• Top 3 Ransomware Attack Vectors And How To Avoid Them (techtarget.com)

• Ransomware: To pay or not to pay - Help Net Security

• Knight ransomware distributed in fake Tripadvisor complaint emails (bleepingcomputer.com)

• 'DoubleDrive' attack turns Microsoft OneDrive into ransomware | SC Media (scmagazine.com)

• Why Hospitals Are Being Increasingly Targeted by Cyber Attacks | Chicago News | WTTW

• 'Bulletproof' Lolekhosted ransomware hacker indicted (cnbc.com)

• LOLEKHosted admin arrested for aiding Netwalker ransomware gang (bleepingcomputer.com)

• It's time for companies to double down on cyber security measures as ransomware attacks rise, say experts | CBC News

• Monti ransomware targets VMware ESXi servers with new Linux locker (bleepingcomputer.com)

• Crimeware server used by NetWalker ransomware seized and shut down – Naked Security (sophos.com)

• Rapid7 Says ROI for Ransomware Remains High; Zero-Day Usage Expands - SecurityWeek

• Sophos: ‘Royal’ Is Trying to Make Itself the King of Ransomware (darkreading.com)

• Cuba Ransomware Deploys New Tools: Targets Critical Infrastructure Sector in the US and IT Integrator in Latin America (databreaches.net)

• Microsoft: BlackCat's Sphynx ransomware embeds Impacket, RemCom (bleepingcomputer.com)

• 3 strategies that can help stop ransomware before it becomes a crisis | CSO Online

• Latitude Financial takes profit hit from major cyber attack | The West Australian

• MOVEit cyber attack ignites worry about retirement plan fiduciary responsibility | Pensions & Investments (pionline.com)

• Ransomware down 57%, Secureworks warns against complacency (securitybrief.co.nz)

• Ransomware Diaries: Volume 3 – LockBit’s Secrets (databreaches.net)

• HHS Launches 'Digiheals' Project to Better Protect US Hospitals From Ransomware | WIRED

• Ransomware Renaissance 2023: The Definitive Guide to Stay Safer (securityintelligence.com)

• How to Create a Ransomware Incident Response Plan (techtarget.com)

Ransomware Victims

• Several hospitals still counting the cost of widespread ransomware attack (malwarebytes.com)

• Has leading UK jeweller been hit by BianLian ransomware gang? (techmonitor.ai)

• teiss - News - Ernst & Young says MOVEit Transfer hack impacted over 30,000 Bank of America customers

• Cyber attack on Bay area vendor cripples real estate industry (therealdeal.com)

• Colorado warns 4 million of data stolen in IBM MOVEit breach (bleepingcomputer.com)

• Millions of Americans’ health data stolen after MOVEit hackers targeted IBM | TechCrunch

• LockBit claims seven new victims in ransomware spree (techmonitor.ai)

• Cyber attack strikes Prince George's County schools, district says - The Washington Post

• Clorox Operations Disrupted By Cyber Attack - Infosecurity Magazine (infosecurity-magazine.com)

• Inside Housing - News - Hackney to procure new IT system after cyber attack

• Largest switching and terminal railroad in US investigating ransomware data theft (therecord.media)

• Honor Among Cyber Criminals? Why a Canadian Firm Paid Ransom (inforisktoday.com)

• Alberta dental benefits administrator hit by cyber attack | Edmonton Sun

Phishing & Email Based Attacks

• Phishing remains most dominant, fastest growing internet crime (securitybrief.co.nz)

• If You Have These 6 Personality Traits, You're More Vulnerable to Phishing Scams (makeuseof.com)

• Business email compromise attack costs far exceeding ransomware losses | ITPro

• Reports show 62% jump in phishing attacks last year - The Hindu BusinessLine

• Phishing Operators Make Ready Use of Abandoned Websites for Bait (darkreading.com)

• Email – The System Running Since 71’ - SecurityWeek

• 3 Major Email Security Standards Prove Too Porous for the Task (darkreading.com)

• Most consumers can't spot phishing scams | TechRadar

• Cyber Security Experts: AI Could Be Phishing Schemes’ Ultimate Weapon — Or Worse - The Messenger

• Spear Phishing vs Phishing: How to Tell the Difference (techrepublic.com)

• How to Prevent Phishing Attacks with Multi-Factor Authentication (techrepublic.com)

• As Phishing Gets Even Sneakier, Browser Security Needs to Step Up (darkreading.com)

• Email security vendor leaves 2M domains open to phishing hacks, study finds (axios.com)

• What Is a Blank Image Phishing Scam? (makeuseof.com)

• Cyber Criminals Abusing Cloudflare R2 for Hosting Phishing Pages, Experts Warn (thehackernews.com)

• 'Gold mine' phishing scams rob Main Street on social media like Meta (cnbc.com)

• Malicious QR code hacking campaign is targeting Microsoft credentials - SiliconANGLE

• Phishing campaign steals accounts for Zimbra email servers worlwide (bleepingcomputer.com)

• 30% of phishing threats involve newly registered domains - Help Net Security

• Russian Hackers Use Zulip Chat App for Covert C&C in Diplomatic Phishing Attacks (thehackernews.com)

• Gone Phishing: An Analysis of a Targeted User Attack (huntress.com)

BEC – Business Email Compromise

• Business email compromise attack costs far exceeding ransomware losses | ITPro

Artificial Intelligence

• Generative AI a Top Emerging Risk for Organisations: Gartner Survey - Decrypt

• 66% of Organisations in UK Set to Ban ChatGPT and Generative AI Apps on Work Devices - IT Security Guru

• ChatGPT Faces Ban from 75% of Organisations: Blackberry Report (analyticsinsight.net)

• AI Is Coming For Your Data: 6 Steps To Ensure Cyber Resilience (forbes.com)

• New study by AMD finds nearly half of organisations are not ready for AI - IT Security Guru

• Over 74% of organisations see a rise in AI use by cyber criminals | Security Magazine

• Navigating generative AI risks and regulatory challenges - Help Net Security

• Cyber security Experts: AI Could Be Phishing Schemes’ Ultimate Weapon — Or Worse - The Messenger

• Top 10 AI Security Risks According to OWASP (trendmicro.com)

• AI 'evil twins' may already be manipulating human nature | SC Media (scmagazine.com)

• Cyber security practitioners' generative AI dilemma (iapp.org)

• People Coaxed AI Into Giving Wrong Math Answers, System Prone to Flaws (businessinsider.com)

• Following Pushback, Zoom Says It Won't Use Customer Data to Train AI Models (darkreading.com)

• AI a Top Risk and the Preferred Solution to Financial Crime - Infosecurity Magazine (infosecurity-magazine.com)

• AI Can Decipher Passwords by Listening to Keystrokes Over Zoom: Study (businessinsider.com)

• Why the “voluntary AI commitments” extracted by the White House are nowhere near enough - Help Net Security

• Fake Out: Disinformation Campaigns Get Generative AI Boost (inforisktoday.com)

• Insurance Regulators ‎Continue to ‎Grapple With the Rapid Development ‎and ‎Use of Artificial ‎Intelligence | Locke Lord LLP - JDSupra

2FA/MFA

• How to prevent multifactor authentication fatigue attacks - SiliconANGLE

• How to Prevent Phishing Attacks with Multi-Factor Authentication (techrepublic.com)

Malware

• Potent Trojans Targeting MacOS Users - Infosecurity Magazine (infosecurity-magazine.com)

• Approximately 2000 Citrix NetScaler servers were backdoored in massive campaign-Security Affairs

• Almost 2,000 Citrix NetScaler servers backdoored in hacking campaign (bleepingcomputer.com)

• XWorm, Remcos RAT Evade EDRs to Infect Critical Infrastructure (darkreading.com)

• Malware could be hiding on your Mac thanks to faults in Apple’s Background Task Manager | Tom's Guide (tomsguide.com)

• An Apple Malware-Flagging Tool Is ‘Trivially’ Easy to Bypass | WIRED

• Macs are getting compromised to act as proxy exit nodes - Help Net Security

• Credentials for cyber crime forums found on roughly 120K computers infected with info stealers-Security Affairs

• Malware Dwell Time: Everything You Need to Know (makeuseof.com)

• Gootloader SEO watering hole malware targets law firms | SC Media (scmagazine.com)

• Security Researchers Publish Gigabud Banking Malware Analysis - Infosecurity Magazine (infosecurity-magazine.com)

• Raccoon Stealer malware returns with new stealthier version (bleepingcomputer.com)

• Beware! Subscription malware arms hackers with tools to steal your private data | Laptop Mag

• New Financial Malware 'JanelaRAT' Targets Latin American Users (thehackernews.com)

• Malware Unleashed: Public Sector Hit in Sudden Surge, Reveals New Report (thehackernews.com)

• North Korean Hackers Suspected in New Wave of Malicious npm Packages (thehackernews.com)

• Stories from the SOC - Unveiling the stealthy tactics of Aukill malware (att.com)

• Hackers are increasingly hiding within services such as Slack and Trello to deploy malware | Cyber scoop

• Massive 400,000 proxy botnet built with stealthy malware infections (bleepingcomputer.com)

• Users of cyber crime forums often fall victim to info-stealers, researchers find (therecord.media)

• 10 people, including 16-year-old youth arrested for suspected involvement in malware scams (databreaches.net)

• Turns out AI probably isn't very good at writing malware • The Register

• Malware Turning Windows Machines Into Proxies (databreachtoday.co.uk)

Mobile

• Why Are Phones A Cyber security Weak Spot? - TechShout

• Lapsus$ hackers took SIM-swapping attacks to the next level (bleepingcomputer.com)

• Does Turning Your Android Phone Off Protect You From Malware? (makeuseof.com)

• 3 Mobile or Client-Side Security Myths Debunked (darkreading.com)

• Cyber Criminals Targeting Victims through Mobile Beta-Testing Applications (ic3.gov)

• Threat actors use beta apps to bypass mobile app store security (bleepingcomputer.com)

• FBI warns of money-stealing fake beta-release mobile apps • The Register

• Three reasons why your smartphone needs security protection (securitybrief.co.nz)

• Unsupported Compression Methods Enable Android Malware to Bypass Detection (zimperium.com)

• This $70 device can spoof an Apple device and trick you into sharing your password | TechCrunch

Botnets

• Massive 400,000 proxy botnet built with stealthy malware infections (bleepingcomputer.com)

• Mirai Common Attack Methods Remain Consistent, Effective (darkreading.com)

Denial of Service/DoS/DDOS

• How the FBI goes after DDoS cyber attackers | TechCrunch

• Most DDoS attacks tied to gaming, business disputes, FBI and prosecutors say (therecord.media)

Internet of Things – IoT

• Runaway Charger: The Major Threat Of Hacking EV Stations (slashgear.com)

• Is YOUR electric car vulnerable to hackers? How cyber criminals could steal personal data because of weak security at charging hubs and 'flaws' in vehicles' outdated software | Daily Mail Online

• Ford says cars with WiFi vulnerability still safe to drive (bleepingcomputer.com)

Data Breaches/Leaks

• Electoral Commission had unpatched vulnerability on server • The Register

• PSNI and UK voter breaches show data security should be taken more seriously | Data and computer security | The Guardian

• UK Police Data Breach Exposes Victim Information - Infosecurity Magazine (infosecurity-magazine.com)

• UK govt contractor MPD FM leaks employee passport data-Security Affairs

• Cumbria Police accidentally publish officers' names and salaries online (bitdefender.com)

• PSNI: Leaked Data Will be Used to Target Police Officers - Infosecurity Magazine (infosecurity-magazine.com)

• LinkedIn hack: You need to check your LinkedIn account - gHacks Tech News

• ICO reprimands law firm over data breach that saw money stolen - Legal Futures

• Over 100 Court Service agency workers warned of payslip security breach after cyber attack | BelfastTelegraph.co.uk

• How & Why Cyber Criminals Fabricate Data Leaks (darkreading.com)

• Researchers find sensitive personal data in over 30% of cloud assets | SC Media (scmagazine.com)

• Web app warning: 74% of apps with PII are vulnerable to a 'major exploit', report | SC Media (scmagazine.com)

• Insurance Data Breach Victims File Class-Action Suit Against Law Firm (darkreading.com)

• Alberta Dental Services Security Breach Exposes 1.47M Records - Infosecurity Magazine (infosecurity-magazine.com)

• The most notable data breaches of 2023… So far | IT Reseller Magazine (itrportal.com)

• Discord.io confirms breach after hacker steals data of 760K users (bleepingcomputer.com)

• Millions of Americans’ health data stolen after MOVEit hackers targeted IBM | TechCrunch

• teiss - News - Ernst & Young says MOVEit Transfer hack impacted over 30,000 Bank of America customers

• Man arrested in Northern Ireland police data leak • The Register

• teiss - News - PBI data breach impacted more than 1.2m customers of Wilton Reassurance Life Company

• Here’s what you need to do after your personal data is breached (telegraph.co.uk)

Organised Crime & Criminal Actors

• Meet the Most (In)Famous Hacking Groups Active Today (makeuseof.com)

• Cyber security researchers become target of criminal hackers | Financial Times (ft.com)

• Credentials for cyber crime forums found on roughly 120K computers infected with info stealersSecurity Affairs

• Lapsus$ hackers took SIM-swapping attacks to the next level (bleepingcomputer.com)

• How & Why Cyber Criminals Fabricate Data Leaks (darkreading.com)

• Who Are Script Kiddies? Are They a Threat to Your Security? (makeuseof.com)

• Researchers Harvest, Analyse 100K Cyber Crime Forum Credentials (darkreading.com)

• File sharing site Anonfiles shuts down due to overwhelming abuse (bleepingcomputer.com)

• 5 Types of Cyber Crime Groups (trendmicro.com)

• How Innovation Accelerators Are at Work on the Dark Side (darkreading.com)

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• Former FTX CEO Sam Bankman-Fried sent to jail • The Register

• Web3 projects suffered from forty-two exploits within a week (coinpaper.com)

Insider Risk and Insider Threats

• The Data Behind Human Cyber Risk - GovInfoSecurity

Fraud, Scams & Financial Crime

• A Third of UK University Students Targeted By Fraud - Infosecurity Magazine (infosecurity-magazine.com)

• Former FTX CEO Sam Bankman-Fried sent to jail • The Register

• UK gov keeps repeating its voter registration website is NOT a scam (bleepingcomputer.com)

• “Grab hold and give it a wiggle” – ATM card skimming is still a thing – Naked Security (sophos.com)

• Latin Americans Fall Prey to More Online Scams, Cyber Attacks (insurancejournal.com)

• The road ahead for ecommerce fraud prevention - Help Net Security

• A Huge Scam Targeting Kids With Roblox and Fortnite 'Offers' Has Been Hiding in Plain Sight | WIRED

Insurance

• Cyber Attack Rule Raises Insurance Risks for Corporate Officers (bloomberglaw.com)

• Insurance Data Breach Victims File Class-Action Suit Against Law Firm (darkreading.com)

• The cyber security insurance market is estimated at USD 14.4 (globenewswire.com)

• Insurance Regulators ‎Continue to ‎Grapple With the Rapid Development ‎and ‎Use of Artificial ‎Intelligence | Locke Lord LLP - JDSupra

Dark Web

• Researchers Harvest, Analyse 100K Cyber Crime Forum Credentials (darkreading.com)

Supply Chain and Third Parties

• Building Cyber security into the supply chain is essential as threats mount (att.com)

• Why the public sector still loves Capita (even though it got hacked) - Tech Monitor

• How to Ensure Cyber Resilience Across the Supply Chain - Infosecurity Magazine (infosecurity-magazine.com)

• Experts Uncover Weaknesses in PowerShell Gallery Enabling Supply Chain Attacks (thehackernews.com)

• PowerShell Gallery Prone to Typosquatting, Other Supply Chain Attacks (darkreading.com)

Software Supply Chain

• Study reveals staggering cost of vulnerable software supply chains - Plant & Works Engineering (pwemag.co.uk)

• Why a Software Bill of Materials Is Business-Critical - The Futurum Group

Cloud/SaaS

• 'DoubleDrive' attack turns Microsoft OneDrive into ransomware | SC Media (scmagazine.com)

• Researchers find sensitive personal data in over 30% of cloud assets | SC Media (scmagazine.com)

• Web app warning: 74% of apps with PII are vulnerable to a 'major exploit', report | SC Media (scmagazine.com)

• Amazon AWS distances itself from Moq amid data collection controversy (bleepingcomputer.com)

• Adapting to the Cloud Era of Cyber security: How CISO’s Priorities Are Evolving | Network Computing

• Datacentre management vulnerabilities leave public clouds at risk | Computer Weekly

• Spear Phishing vs Phishing: How to Tell the Difference (techrepublic.com)

Containers

• Kubernetes clusters face widespread attacks across numerous organisations - Help Net Security

Encryption

• UK Government Slammed For Encryption Mistruths - Infosecurity Magazine (infosecurity-magazine.com)

• WhatsApp is right to be angry about the UK’s encryption mess | The Spectator

• Google adds post-quantum encryption key protection to Chrome • The Register

API

• The Evolution of API: From Commerce to Cloud-Security Affairs

• How financial services cyber regulations are hotting up for API security (betanews.com)

Open Source

• Why a Software Bill of Materials Is Business-Critical - The Futurum Group

• Monti Ransomware Returns with New Linux Variant and Enhanced Evasion Tactics (thehackernews.com)

Passwords, Credential Stuffing & Brute Force Attacks

• 6 best practices to defend against corporate account takeover attacks | CSO Online

• What's the State of Credential theft in 2023? (thehackernews.com)

• Building a secure future without traditional passwords - Help Net Security

• Are browser-stored passwords secure? | Kaspersky official blog

• Passwordless is more than a buzzword among cyber security pros - Help Net Security

• More hardcoded credentials than ever, and sloppy coding is to blame | SC Media (scmagazine.com)

• AI Can Decipher Passwords by Listening to Keystrokes Over Zoom: Study (businessinsider.com)

Social Media

• LinkedIn hack: You need to check your LinkedIn account - gHacks Tech News

• LinkedIn accounts hacked in widespread hijacking campaign (bleepingcomputer.com)

• 'Gold mine' phishing scams rob Main Street on social media like Meta (cnbc.com)

Malvertising

• Adblock 360 Adware Extension: 3 Ways to Remove for Good - MSPoweruser

• Malvertisers up their game against researchers (malwarebytes.com)

Training, Education and Awareness

• Tips on employee cyber security training, risks and how to manage them - Albany Business Review (bizjournals.com)

Cyber Bullying, Cyber Stalking and Sextortion

• Sextortion suspects on trial after one victim dies • The Register

• Digital Safety Advice is Not Getting Through to Women - Infosecurity Magazine (infosecurity-magazine.com)

Regulations, Fines and Legislation

• Navigating generative AI risks and regulatory challenges - Help Net Security

• UK Government Slammed For Encryption Mistruths - Infosecurity Magazine (infosecurity-magazine.com)

• ICO reprimands law firm over data breach that saw money stolen - Legal Futures

• Breaking Down the New SEC Cyber security Rules | Epiq - JDSupra

• Confusion Surrounds SEC's New Cyber security Material Rule (darkreading.com)

• How do we define “cyber worker”? The SEC’s rationale behind its new cyberincident disclosure rule. (thecyberwire.com)

• Why the “voluntary AI commitments” extracted by the White House are nowhere near enough - Help Net Security

• How financial services cyber regulations are hotting up for API security (betanews.com)

• A closer look at the new TSA oil and gas pipeline regulations - Help Net Security

• New York’s Department of Financial Services Moves to Further Bolster Cyber security Requirements | Jackson Lewis P.C. - JDSupra

Models, Frameworks and Standards

• Center for Internet Security announces secretive Microsoft partnership | StateScoop

• What's New in the NIST Cyber security Framework 2.0 (darkreading.com)

Data Protection

• Researchers find sensitive personal data in over 30% of cloud assets | SC Media (scmagazine.com)

• Amazon AWS distances itself from Moq amid data collection controversy (bleepingcomputer.com)

• India Passes New Digital Personal Data Protection Bill (DPDPB), Putting Users' Privacy First (thehackernews.com)

Careers, Working in Cyber and Information Security

• 650,000 cyber jobs are now vacant: How to tackle the risk (securityintelligence.com)

• Effectively upskilling cyber security professionals to help close the skills gap | CSO Online

• How to overcome the challenges of today's cyber security talent shortage - SiliconANGLE

• Army struggling to hire cyber staff as attacks on Britain ramp up (telegraph.co.uk)

• Vietnam admits massive shortage of infosec pros • The Register

• Heavy workloads driving IT professionals to resign - Help Net Security

• ISC2 Announces Major Milestone as Community Grows to Half a Million Strong (prnewswire.com)

Law Enforcement Action and Take Downs

• Polish police arrest five in swoop on Cyber Crime site - TVN24

• How the FBI goes after DDoS cyber attackers | TechCrunch

• Lapsus$ Report: Law Enforcement Battles Cyber Threats (beincrypto.com)

• LOLEKHosted admin arrested for aiding Netwalker ransomware gang (bleepingcomputer.com)

• 10 people, including 16-year-old youth arrested for suspected involvement in malware scams (databreaches.net)

• Sextortion suspects on trial after one victim dies • The Register

• Crimeware server used by NetWalker ransomware seized and shut down – Naked Security (sophos.com)

• Raccoon Stealer malware back with updated version following administrator arrest (therecord.media)

• Man arrested in Northern Ireland police data leak • The Register

• India Passes New Digital Personal Data Protection Bill (DPDPB), Putting Users' Privacy First (thehackernews.com)

Privacy, Surveillance and Mass Monitoring

• Amazon AWS distances itself from Moq amid data collection controversy (bleepingcomputer.com)

• Following Pushback, Zoom Says It Won't Use Customer Data to Train AI Models (darkreading.com)

Misinformation, Disinformation and Propaganda

• Fake Out: Disinformation Campaigns Get Generative AI Boost (inforisktoday.com)

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Nation State Actors, Advanced Persistent Threats (APTs), Cyber Warfare and Cyber Espionage

Russia

• Russian and Chinese hackers breached Foreign Office systems in cyber attack kept secret from public (inews.co.uk)

• Foreign Office cyber attacks may have risked safety of civil servants and UK's allies, Tory MPs say (inews.co.uk)

• APT29 is targeting Ministries of Foreign Affairs of NATO-aligned countries-Security Affairs

• Russian spy agencies targeting Starlink with custom malware, Ukraine warns (telegraph.co.uk)

• Russian-African Security Gathering Exposes Kremlin's Reduced Influence (darkreading.com)

• Hacked electronic sign declares “Putin is a dickhead” as Russian ruble slumps • Graham Cluley

• Russian Hackers Use Zulip Chat App for Covert C&C in Diplomatic Phishing Attacks (thehackernews.com)

• Suspected spies for Russia held in major UK security investigation - BBC News

• Russia turning to sleeper cells and unofficial agents | Espionage | The Guardian

China

• Russian and Chinese hackers breached Foreign Office systems in cyber attack kept secret from public (inews.co.uk)

• Researchers Shed Light on APT31's Advanced Backdoors and Data Exfiltration Tactics (thehackernews.com)

• DHS to Review Microsoft’s Security in Chinese Email Hack - Infosecurity Magazine (infosecurity-magazine.com)

• Top US cyber official warns of infrastructure attack risk if China tensions rise (nbcnews.com)

• New Zealand says it is aware of China-linked intelligence activity in country | Reuters

• China teases imminent exposé of seismic US spying scheme • The Register

• Wide-ranging cyberespionage campaign by China's Ministry of State Security. Vulnerabilities in CPUs. MacOS threat trends. (thecyberwire.com)

• Chinese Espionage Group Active Across Eastern Europe (inforisktoday.com)

• 15,000 cyber attacks detected per second in Taiwan: Software provider - Focus Taiwan

• China would consider attacks on US railroads, pipelines if it invades Taiwan, Easterly says (therecord.media)

• US lawmaker says FBI notified him of email breach linked to Microsoft cloud hack | TechCrunch

• China-Linked Bronze Starlight Group Targeting Gambling Sector with Cobalt Strike Beacons (thehackernews.com)

Iran

• German Intelligence Warns of Surge in Iranian Espionage (govinfosecurity.com)

• Charming Kitten Targets Iranian Dissidents with Advanced Cyber Attacks (thehackernews.com)

• Iran and the Rise of Cyber Enabled Influence Operations (darkreading.com)

North Korea

• North Korean Hackers Suspected in New Wave of Malicious npm Packages (thehackernews.com)

Misc/Other/Unknown

• APTs use of lesser-known TTPs are no less of a headache - Help Net Security

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Vulnerability Management

• Electoral Commission had unpatched vulnerability on server • The Register

• Web app warning: 74% of apps with PII are vulnerable to a 'major exploit', report | SC Media (scmagazine.com)

Vulnerabilities

• Almost 2,000 Citrix NetScaler servers backdoored in hacking campaign (bleepingcomputer.com)

• CISA Adds Citrix ShareFile Flaw to KEV Catalog Due to In-the-Wild Attacks (thehackernews.com)

• Patched Citrix NetScaler Devices Still Contain Backdoors (govinfosecurity.com)

• Critical Security Flaws Affect Ivanti Avalanche, Threatening 30,000 Organizations (thehackernews.com)

• Zoom ZTP & AudioCodes Phones Flaws Uncovered, Exposing Users to Eavesdropping (thehackernews.com)

• Magento shopping cart attack targets critical vulnerability • The Register

• New Python URL Parsing Flaw Enables Command Injection Attacks (thehackernews.com)

• Data centers at risk due to flaws in power management software | CyberScoop

• Bugs in transportation app Moovit gave hackers free rides | TechCrunch

• Ongoing Xurum Attacks on E-commerce Sites Exploiting Critical Magento 2 Vulnerability (thehackernews.com)

• Google Chrome 116: more Telemetry and 26 security patches - gHacks Tech News

• Google Fixes 26 Bugs Amid Fake Update Warning - Infosecurity Magazine (infosecurity-magazine.com)

• AMD has fixed its latest security flaw - but at the cost of massive slowdowns | TechRadar

• Windows 11 update install failures are reportedly happening again – and it’s breaking the built-in antivirus | TechRadar

• Proxyjacking trend continues as attackers abuse years-old GitLab vulnerability | ITPro

• Multiple Flaws Found in the Avada WordPress Theme and Plugin - Infosecurity Magazine (infosecurity-magazine.com)

• Windows feature that resets system clocks based on random data is wreaking havoc | Ars Technica

Tools and Controls

• What is Cyber security Monitoring? - MSSP Alert

• XWorm, Remcos RAT Evade EDRs to Infect Critical Infrastructure (darkreading.com)

• AI-powered fraud detection: Strengthening security in fintech | The Financial Express

• Microsoft Teams Rooms on Windows to enhance security with meeting ID and passcode requirement - OnMSFT.com

• MaginotDNS attacks exploit weak checks for DNS cache poisoning (bleepingcomputer.com)

• Evaluate the risks and benefits of AI in cyber security | TechTarget

• How to Choose a Managed Detection and Response (MDR) Solution (darkreading.com)

• Lock Down APIs to Prevent Breaches (darkreading.com)

• How to Prevent Phishing Attacks with Multi-Factor Authentication (techrepublic.com)

• Building a secure future without traditional passwords - Help Net Security

• Passwordless is more than a buzzword among cyber security pros - Help Net Security

• SEC cyber security rules shape the future of incident management - Help Net Security

• AI a Top Risk and the Preferred Solution to Financial Crime - Infosecurity Magazine (infosecurity-magazine.com)

• Traditional vs. Enterprise Risk Management: How Do They Differ? (techtarget.com)

• Endpoint Management Statistics, Trends And Facts 2023 - Abdalslam

• SASE and requirements of business | Professional Security

• Why You Need Continuous Network Monitoring? (thehackernews.com)

• CISA releases cyber defence plan for remote monitoring and management software - SiliconANGLE

• How poor cyber security policies disrupt business continuity - IT Security Guru

• Cyber Prevention, Training Attract More Spend Than Remediation, Recovery, Execs Say - | MSSP Alert

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Other News

• Cyber attacks against the UK Electoral Commission reveal an ongoing threat to democracy (techxplore.com)

• Healthcare incurs highest data breach costs – for the 13th year in a row | Healthcare IT News

• Here's Why You Should Never Accept Unsolicited Tech by Post (makeuseof.com)

• Government highlights cyber threat to health and social care | UKAuthority

• Why is the Education Sector a Target for Cyber Attacks? | UpGuard

• Cyber security in the Entertainment Industry: Risks and Solutions | UpGuard

• What would an OT cyber attack really cost your organisation? | CSO Online

• Education has had most cyber attacks, survey finds | Education Business (educationbusinessuk.net)

• Cyber attacks Are On The Up: What Are The Risks & Remedies For Aviation? (simpleflying.com)

• Bank of Ireland ATM Glitch Hands Out 'Free' Money (gizmodo.com)

• Exclusive: 300 independent retailers affected by cyber attack | News | Retail Week (retail-week.com)

• Documentary shines spotlight on a central bank heist and threats from cyber criminals - BNN Bloomberg

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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 Intelligence Briefing 4th August 2023

Welcome to this week’s Black Arrow Cyber Threat Intelligence 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

Top 12 Exploited Vulnerabilities List Highlights Troubling Reality That Many Organisations Are Still Not Patching

A joint advisory from US and allied cyber security agencies highlights the top routinely exploited vulnerabilities. This is a list that includes old and well-known bugs that many organisations still have not patched, including some vulnerabilities that have been known for more than five years. The list underscores how exploiting years-old vulnerabilities in unpatched systems continues to dominate the threat landscape. Organisations are more likely to be compromised by a bug found in 2021 or 2020 than they are by ones discovered over the past year.

This report emphasises that a vulnerability management strategy relying solely on CVSS for vulnerability prioritisation is proving to be insufficient at best; CVSS is an established method for assigning criticality scores to known vulnerabilities based on different scoring criteria. Additional context is required to allow for a more scalable and effective prioritisation strategy. This context should stem from internal sources, for example, the target environment (asset criticality, mitigating controls, reachability), as well as from external sources, which will permit a better assessment of the likelihood and feasibility of exploitation. Most organisations have a limited patching capacity, affected by the tooling, processes, and skills at their disposal. The challenge is to direct that limited patching capacity towards vulnerabilities that matter most in terms of risk reduction. Therefore, the task of sifting the signal through the noise is becoming increasingly more important.

Sources: [HelpNetSecurity] [NSA.gov] [SCMagazine]

67% of Data Breaches Start with a Single Click, with 1 in 100 Emails Being Malicious

In a report that leveraged data from 23.5 billion cyber security attacks, spanning 500 threat types and 900 distinct infrastructure and software vulnerabilities it was found that approximately 67% of all breaches start with someone clicking on a seemingly safe link, which explains why adversaries begin 80-95% of all attacks with a phishing email.

A separate report found that there was a 36% rise in cyber attacks in the first half of 2023. Email continued to be the main vector for delivering malicious content, with as many as 1 in every 100 emails sent in the first half of 2023 found to be malicious. In addition, malware accounted for 20% of attacks, and business email compromise (BEC) constituted 8%.

The findings reinforce the need for organisations to employ effective and regular security awareness training for users to better help them to not only identify, but also report such attacks to help strengthen the cyber resilience of the organisation. Black Arrow offers bespoke training to all roles within the organisation as well as upskilling tailored to those at the board level.

Source: [Security Intelligence]

Ransomware Attacks Hit All Time High. Attackers’ Motives Change, So Should Your Defence

Cases of straight-up data theft and extortion now appear to be more widespread a threat than ransomware, becoming the single most observed threat in the second calendar quarter of 2023, according to new data released by researchers. 1,378 organisations have been named as victims on ransomware data-leak websites in Q2 2023. This was a 64.4% increase from the record-breaking number of victims named in Q1 2023.

Despite both the rise in threats and the high percentage of respondents whose organisations suffered recent attacks, there hasn’t been a corresponding uptick in strategic measures to shore up cyber resilience. In fact, close to four in five survey respondents don’t have complete confidence that their company has a cyber resilience strategy designed to address today’s escalating cyber challenges and threats.

Sources: [Forbes] [HelpNetSecurity] [ComputerWeekly] [SecurityBrief.co.nz] [Malwarebytes]

The Generative AI War Between Companies and Hackers is Starting

To no one’s surprise, criminals are tapping open-source generative AI programs for all kinds of heinous acts, including developing malware and phishing attacks, according to the FBI. This comes as the UK National Risk Register officially classes AI as a long-term security threat. It’s safe to say AI is certainly a controversial field right now, with the battle between companies and hackers really starting to take place; only recently had technology giants such as Amazon, Google, Meta and Microsoft met with the US President Joe Biden to pledge to follow safeguards.

A recent report from security firm Barracuda has found that between August 2022 and July 2023, ransomware attacks had doubled and this surge has largely been driven by the breaching of networks via AI-crafted phishing campaigns, as well as automating attacks to increase reach, again using AI.

Despite the controversy, AI can be of tremendous value to organisations, helping to streamline and automate tasks. Organisations employing or looking to employ AI in the workplace should also have effective governance and identification procedures over the usage of said AI. Equally, when it comes to defending against AI attacks, organisations need to have a clear picture of their attack landscape, with layers of defence.

Sources: [CSO Online] [PC MAG] [CNBC] [Tech Radar]

Spend to Save: The CFO’s Guide to Cyber Security Investment

As a CFO, you need to make smart choices about cyber security investments. The increasing impact of data breaches creates a paradox: While more spending is necessary to combat these challenges, this spending isn’t directly tied to profit. Instead, cyber security spending should be seen an investment in the future of your business.

The impact of a cyber event extends beyond quantifiable currency loss. Further impacts include those of reputation and customer retention. CFOs should look to identify weak spots, understand the effect these can have, pick the right solution that mitigates these and finally, advocate cyber security and robust governance at the board level.

It is important to remember, cyber security is not just a technical issue, but also a business one, and you have a key role in ensuring the security and resilience of your organisation.

Source: [Security Intelligence]

Corporate Boards Take Heed: Give CISOs the Cold Shoulder at your Peril

The debate over whether the CISO should, by the very nature of the position, be considered a member of the C-suite has been raging for some time and seems likely to continue for a good while to come. CISOs should not only have a seat among the uppermost echelon at the big table but also be recognised as a foundational element in the success of any business.

There is a danger that, without an effective CISO, organisations can end up in a perilous situation in which there's no one driving the cyber security bus at a time when vulnerabilities and incidents are ever on the rise. When the CISO has a seat at the big table, everybody wins.

Source [CSO Online]

How the Talent Shortage Impacts Cyber Security Leadership

The lack of a skilled cyber security workforce hampers the effectiveness of an organisation’s security program. While technologies like AI and machine learning can provide some support, they are not sufficient, especially for small and medium sized businesses (SMBs). The cyber security workforce shortage affects not just current security but the future of leadership roles, including CISOs and CSOs.

Today’s CISOs require a blend of technology and business understanding. According to the (ISC)2 2022 Workforce Study, the global cyber security workforce is nearly 5 million and growing at 26% yearly. However, more than 3 million jobs still need to be filled, including specialised roles in cloud security, data protection, and incident response. This gap jeopardises functions like risk assessment, oversight, and systems patching.

The greatest talent shortage is found in soft skills, leading to a trend of looking outside the traditional security talent pool. The future of CISOs will likely require a solid security background, but as the talent gap widens, finding leadership candidates from the existing pool may remain challenging.

Source: [Security Intelligence]

Salesforce, Meta Suffer Phishing Campaign that Evades Typical Detection Methods

A recent report by cyber security company identified a sophisticated email phishing campaign exploiting a zero-day vulnerability in Salesforce's legitimate email services. The vulnerability allowed threat actors to craft targeted phishing emails, cleverly evading conventional detection methods by leveraging Salesforce's domain and reputation and exploiting legacy quirks in Facebook's web games platform.

Whilst Facebook and Salesforce have now addressed the issue, it goes to show that technology alone is not enough to stop phishing; operational and people controls are still necessary and should form part of an effective organisational response.

Source: [Security Brief]

Cyber Insurance and the Ransomware Challenge

The cyber insurance industry has been heavily criticised for providing coverage for ransom payments. A frequent accusation, which has become close to perceived wisdom in policymaking and cyber security discussions on ransomware, is that cyber insurance has incentivised victims to pay a ransom following a cyber incident, rather than seek alternative remediation options. However, the insurance industry could do much more to instil discipline in both insureds and the ransomware response ecosystem in relation to ransom payments to reduce cyber criminals’ profits. Insurers’ role as convenors of incident response services gives them considerable power to reward firms that drive best practices and only guide victims towards payment as a last resort.

While the insurance industry has the power to do this, there are still challenges that need to be addressed in the underwriting process. Offering expensive policies that exclude common risks such as ransomware or nation-state attacks is simply not a sustainable approach. This has helped insurers become more profitable for now, but these are only short-term fixes to the real problem at hand. Namely, that the underwriting process for cyber insurance policies is still not that sophisticated. Most underwriters are poorly equipped to effectively measure the cyber risk exposure of new or renewing customers.

Sources: [RUSI] [Dark Reading]

Microsoft Exposes Russian Hackers' Sneaky Phishing Tactics via Microsoft Teams Chats

Microsoft on Wednesday disclosed that it identified a set of highly targeted social engineering attacks mounted by a Russian nation-state threat actor using credential theft phishing lures sent as Microsoft Teams chats. The tech giant attributed the attacks to a group it tracks as Midnight Blizzard.

"In this latest activity, the threat actor uses previously compromised Microsoft 365 tenants owned by small businesses to create new domains that appear as technical support entities" Microsoft said. "Using these domains from compromised tenants, Midnight Blizzard leverages Teams messages to send lures that attempt to steal credentials from a targeted organisation by engaging a user and eliciting approval of multi-factor authentication (MFA) prompts."

Source: [TheHackerNews]

66% of Cyber security Leaders Don’t Trust Their Current Cyber Risk Mitigation Strategies

A recent report found that 66% of cyber security leaders don’t trust their current cyber risk mitigation strategies. It was also found that while 90% of respondents say their organisation has dedicated resources responsible for managing and reducing cyber risk, in almost half of situations (46%) this consists of just one person.

In some cases, it can be hard to get the necessary talent to build out the cyber security arm of an organisation; this is where organisations can look towards outsourcing to fulfil positions with expertise. At Black Arrow we offer many services to help you to govern your cyber security, including as virtual CISO that leverages our diverse team with backgrounds from British intelligence, board governance, IT and finance.

Source: [ITSecurityWire]

UK legal Sector at Risk, National Cyber Security Centre Warns

Over the past three years more than 200 ransomware attacks worldwide have been inflicted on companies in the legal industry. The UK was the second most-attacked country constituting 2.3% of all ransomware attacks across various sectors. The legal sector was the fourth most-attacked industry in the UK in 2022. Ransomware groups are indiscriminate in their targeting, attacking companies of all sizes, from small law firms with only ten employees to large firms with 1,000+ employees, and ranging in revenue from companies generating £100 million to those with under £3 million. No single kind of company is immune to these attacks.

The International Bar Association (IBA) has released a report to guide senior executives and boards in protecting their organisations from cyber risk. Entitled "Global perspectives on protecting against cyber risks: best governance practices for senior executives and boards of directors," the report aims to provide leaders with insight into the primary elements of a robust cyber risk management programme. Its recommendations for senior executives and boards encompass understanding the organisation's cyber risk profile, knowing what information assets to safeguard, being aware of significant regulatory requirements, and recognising the security standards utilised by the organisation.

Sources: [Todays Conveyancer] [Infosecurity Magazine]

Startups Should Move Fast and Remember Cyber Security

The importance of cyber security for startups, which can often be overlooked in the pursuit of fast-paced growth, cannot be overstated. However, cyber attacks can have devastating consequences for businesses of all sizes. The percentage of micro-businesses in the UK that consider cyber security a high priority has dropped from 80% to 68% in the past year, possibly due to wider economic pressures. Cyber criminals target businesses of all sizes, often initially using automated software to find weak spots. Startups can be particularly vulnerable due to their fast-paced environments and new or less familiar supply chains. The use of shared office spaces can also increase risk.

The UK DCMS/DSIT 2023 Cyber Security Breaches survey reported that almost a third of businesses (32%) and a quarter of charities (24%) reported breaches or attacks in the past 12 months alone, with the average victim losing £15,300. Startups have the unique advantage of being able to implement cyber security best practices from the outset and embed them into company culture. It is recommended that startups prioritise cyber security from the get-go to protect their business and ensure long-term growth.

Source: [UKTech] [Cyber security breaches survey 2023 - GOV.UK (www.gov.uk)]

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Governance, Risk and Compliance

• Corporate boards take heed: Give CISOs the cold shoulder at your peril | CSO Online

• How to lead your organisation through a ransomware attack | World Economic Forum (weforum.org)

• New SEC Rules Require US Companies To Reveal Cyber Attacks Within 4 Days (informationsecuritybuzz.com)

• 66% of Cyber security Leaders Don't Trust Their Current Cyber Risk Mitigation Strategies - ITSecurityWire

• How the Talent Shortage Impacts Cyber security Leadership (securityintelligence.com)

• Global Lawyers Unveil Cyber Best Practices for Execs - Infosecurity Magazine (infosecurity-magazine.com)

• From tech expertise to leadership: Unpacking the role of a CISO - Help Net Security

• Cyber Insurance and the Ransomware Challenge | Royal United Services Institute (rusi.org)

• Companies make strides in cyber defence and resilience amid escalating cyber threats: Aon - Reinsurance News

• Data Security Can Make Or Break Your Business (forbes.com)

• Cyber Risk and Resiliency Report: Dueling Disaster in 2023 (informationweek.com)

• Spend to save: The CFO’s guide to cyber security investment (securityintelligence.com)

• CISOs Need Backing to Take Charge of Security (darkreading.com)

• Create a ‘win-win’ scenario for security teams and cyber insurers | SC Media (scmagazine.com)

• The State Of Cyber security – Outlook And Challenges For 2023 And Beyond (informationsecuritybuzz.com)

• Risk Appetite vs. Risk Tolerance: How are They Different? (techtarget.com)

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Threats

Ransomware, Extortion and Destructive Attacks

• 67% of data breaches start with a single click - Help Net Security

• 1 in 100 emails is malicious - Help Net Security

• AI-Enhanced Phishing Driving Ransomware Surge - Infosecurity Magazine (infosecurity-magazine.com)

• Ransomware attacks have doubled thanks to AI | TechRadar

• The race against time in ransomware attacks - Help Net Security

• As Ransomware Attackers’ Motives Changes, So Should Your Defence (forbes.com)

• Global ransomware attacks at an all-time high, shows latest 2023 State of Ransomware report (malwarebytes.com)

• Ransomware gang increases attacks on insecure MSSQL servers | CSO Online

• MOVEit Campaign Claims Millions More Victims - Infosecurity Magazine (infosecurity-magazine.com)

• How to lead your organisation through a ransomware attack | World Economic Forum (weforum.org)

• Ransomware Attacks on Industrial Organisations Doubled in Past Year: Report - SecurityWeek

• In new ransomware model, cloud provider acts as front for bad actors: report | CSO Online

• Researchers claim US-registered cloud host facilitated state-backed cyber attacks | TechCrunch

• Cyber Insurance and the Ransomware Challenge | Royal United Services Institute (rusi.org)

• Cyber criminals pivot away from ransomware encryption | Computer Weekly

• Food manufacturers top three for ransomware attacks

• Ransomware on manufacturing industry caused $46bn in losses - IT Security Guru

• How Ransomware Gangs Enlist Insiders (And How to Stop Them) (makeuseof.com)

• 2023 State of Ransomware | Malwarebytes

• Linux version of Abyss Locker ransomware targets VMware ESXi servers (bleepingcomputer.com)

• The Trickbot/Conti Crypters: Where Are They Now? (securityintelligence.com)

Ransomware Victims

• MOVEit Campaign Claims Millions More Victims - Infosecurity Magazine (infosecurity-magazine.com)

• Hawai'i Community College pays ransomware gang to prevent data leak (bleepingcomputer.com)

• Scottish university UWS targeted by cyber attackers - BBC News

• Tempur Sealy isolated tech system to contain cyber burglary • The Register

• US govt contractor Serco discloses data breach after MoveIT attacks (bleepingcomputer.com)

Phishing & Email Based Attacks

• 1 in 100 emails is malicious - Help Net Security

• 67% of data breaches start with a single click - Help Net Security

• Russian Hackers Are Conducting Phishing Attacks via Microsoft Teams - MySmartPrice

• Salesforce, Meta suffer phishing campaign that evades typical detection methods (securitybrief.co.nz)

• Beware: Tricky phishing email targeting Twitter Blue subscribers with X rebranding confusion - 9to5Mac

• UK MoD Error Sends Emails to Russia’s Ally Instead of US - Infosecurity Magazine (infosecurity-magazine.com)

• Microsoft downplays damaging report on Chinese hacking its own engineers vetted | CyberScoop

• Threat actors abuse Google AMP for evasive phishing attacks (bleepingcomputer.com)

• Emerging Cyber security Threat: How Google AMP Phishing Attacks Are Bypassing Email Security Measures (informationsecuritybuzz.com)

BEC – Business Email Compromise

• 1 in 100 emails is malicious - Help Net Security

Other Social Engineering; Smishing, Vishing, etc

• Humans Unable to Reliably Detect Deepfake Speech - Infosecurity Magazine (infosecurity-magazine.com)

Artificial Intelligence

• AI-Enhanced Phishing Driving Ransomware Surge - Infosecurity Magazine (infosecurity-magazine.com)

• Ransomware attacks have doubled thanks to AI | TechRadar

• UK calls artificial intelligence a “chronic risk” to its national security | CSO Online

• FBI warns of broad AI threats facing tech companies and the public | CyberScoop

• As Artificial Intelligence Accelerates, Cyber crime Innovates (darkreading.com)

• Another AI Pitfall: Digital Mirroring Opens New Cyber attack Vector (darkreading.com)

• Intersection of generative AI, cyber security and digital trust | TechTarget

• Hackers are using AI to create vicious malware, says FBI | Digital Trends

• The generative A.I. war between companies and hackers is starting (cnbc.com)

• Generative AI and cloud have created gaps in cyber security: Wipro report - BusinessToday

• 'DarkBERT' GPT-Based Malware Trains Up on the Entire Dark Web (darkreading.com)

• A New Attack Impacts ChatGPT—and No One Knows How to Stop It | WIRED

• Humans Unable to Reliably Detect Deepfake Speech - Infosecurity Magazine (infosecurity-magazine.com)

• OWASP Top 10 for LLM applications is out! - Security Affairs

• Think tank wants monitoring of China's AI-enabled products • The Register

• UK spy agencies want to relax ‘burdensome’ laws on AI data use | Data protection | The Guardian

• Deputy National Security Advisor Anne Neuberger on addressing the security threats of AI | CyberScoop

• Researchers figure out how to make AI misbehave, serve up prohibited content | Ars Technica

• Organisations want stronger AI regulation amid growing concerns - Help Net Security

• AI-enhanced images a ‘threat to democratic processes’, experts warn | Artificial intelligence (AI) | The Guardian

Malware

• Hackers Abusing Windows Search Feature to Install Remote Access Trojans (thehackernews.com)

• Hackers can abuse Microsoft Office executables to download malware (bleepingcomputer.com)

• IcedID Malware Adapts and Expands Threat with Updated BackConnect Module (thehackernews.com)

• Hackers continue to distribute malware through hacked verified pages on Facebook - Neowin

• 'DarkBERT' GPT-Based Malware Trains Up on the Entire Dark Web (darkreading.com)

• Attackers can turn AWS SSM agents into remote access trojans - Help Net Security

• Hackers are infecting Modern Warfare 2 players with a self-spreading malware | TechSpot

• Chinese Malware Could Cut Power To US Military Bases, Businesses And Homes, Report Claims (forbes.com)

• Fruity Trojan Uses Deceptive Software Installers to Spread Remcos RAT (thehackernews.com)

• Experts link AVRecon bot to malware proxy service SocksEscort - Security Affairs

• New P2PInfect Worm Targets Redis Servers with Undocumented Breach Methods (thehackernews.com)

• New persistent backdoor used in attacks on Barracuda ESG appliances - Help Net Security

• Cyber criminals Renting WikiLoader to Target Italian Organisations with Banking Trojan (thehackernews.com)

• MacOS malware discovered on Russian dark web forum | Security Magazine

• Apple Users Open to Remote Control via Tricky macOS Malware (darkreading.com)

• Hackers can gain complete control over your Mac with this new dark web hacking tool | Tom's Guide (tomsguide.com)

• Threat Actors Use AWS SSM Agent as a Remote Access Trojan - Infosecurity Magazine (infosecurity-magazine.com)

• NodeStealer 2.0 takes over Facebook Business accounts - Security Affairs

• Chrome malware Rilide targets enterprise users via PowerPoint guides (bleepingcomputer.com)

• BlackBerry Discovers Crypto-Centric Malware Amid Stopping 1.5 Million Cyber a ttacks (ethnews.com)

• Kaspersky crimeware report: Emotet, DarkGate and LokiBot | Securelist

• OT/IoT Malware Surges Tenfold in First Half of the Year - Infosecurity Magazine (infosecurity-magazine.com)

• CISA: New Submarine malware found on hacked Barracuda ESG appliances (bleepingcomputer.com)

Mobile

• New Android malware uses OCR to steal credentials from images (bleepingcomputer.com)

• CherryBlos Malware Uses OCR to Pluck Android Users' Cryptocurrency (darkreading.com)

• Apple Sets New Rules for Developers to Prevent Fingerprinting and Data Misuse (thehackernews.com)

• Google: Android patch gap makes n-days as dangerous as zero-days (bleepingcomputer.com)

• New smartphone vulnerability could allow hackers to track user location (techxplore.com)

• Hackers steal Signal, WhatsApp user data with fake Android chat app (bleepingcomputer.com)

• Ukrainian hackers viciously troll Russian navy, send malware to their phones (tvpworld.com)

• SpyNote Android Spyware Strikes Financial Institutions - Infosecurity Magazine (infosecurity-magazine.com)

• Malicious Apps Use Sneaky Versioning Technique to Bypass Google Play Store Scanners (thehackernews.com)

Botnets

• Experts link AVRecon bot to malware proxy service SocksEscort - Security Affairs

Denial of Service/DoS/DDOS

• Navigating The Landscape Of Hacktivist DDoS Attacks (forbes.com)

• Israel's largest oil refinery website offline amid cyber attack claims (bleepingcomputer.com)

• Russian hackers crash Italian bank websites, cyber agency says | Reuters

• "Mysterious Team Bangladesh" Targeting India with DDoS Attacks and Data Breaches (thehackernews.com)

Internet of Things – IoT

• Canon warns of Wi-Fi security risks when discarding inkjet printers (bleepingcomputer.com)

Data Breaches/Leaks

• Cyber security breaches exposed 146 million records - ITSecurityWire

• Hack Crew Responsible for Stolen Data, NATO Investigates Claims (darkreading.com)

• Pentagon hit by ‘critical compromise’ of US air force communications – report | US military | The Guardian

• Doctors sign up to legal case against Capita over GP data breach - Pulse Today

• UK MoD Error Sends Emails to Russia’s Ally Instead of US - Infosecurity Magazine (infosecurity-magazine.com)

• Been Hacked? These are Your Next Steps | Entrepreneur

• Cyber attack on B.C. health websites may have taken workers’ personal information (thestar.com)

• NI Executive Office and Patient and Client Council rapped for data breach risks | BelfastTelegraph.co.uk

• Cyber security Recovery Guide: How to Recover from a Data Breach (thelondoneconomic.com)

Organised Crime & Criminal Actors

• As Artificial Intelligence Accelerates, Cyber crime Innovates (darkreading.com)

• How Hackers Trick You With Basic Sales Techniques (makeuseof.com)

• Iranian Company Cloudzy Accused of Aiding Cyber criminals and Nation-State Hackers (thehackernews.com)

• Space Pirates Turn Cyber Sabers on Russian, Serbian Organisations (darkreading.com)

• Kaspersky crimeware report: Emotet, DarkGate and LokiBot | Securelist

• Hacktivists fund their operations using common cyber crime tactics (bleepingcomputer.com)

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• Crypto Hacks in July Resulted in $165 Million in Losses (beincrypto.com)

• New Android malware uses OCR to steal credentials from images (bleepingcomputer.com)

• Millions stolen from crypto platforms through exploited ‘Vyper’ vulnerability (therecord.media)

• BlackBerry Discovers Crypto-Centric Malware Amid Stopping 1.5 Million Cyber a ttacks (ethnews.com)

• Couple admit laundering $4B of stolen Bitfinex Bitcoins • The Register

Insider Risk and Insider Threats

• How Ransomware Gangs Enlist Insiders (And How to Stop Them) (makeuseof.com)

• US military battling cyber threats from within and without • The Register

Deepfakes

• Humans Unable to Reliably Detect Deepfake Speech - Infosecurity Magazine (infosecurity-magazine.com)

AML/CFT/Sanctions

• US Tech Sanctions Against China Are Starting to Bite Hard | Tom's Hardware (tomshardware.com)

Insurance

• Cyber Insurance and the Ransomware Challenge | Royal United Services Institute (rusi.org)

• Cyber Insurance Underwriting Is Still Stuck in the Dark Ages (darkreading.com)

• Create a ‘win-win’ scenario for security teams and cyber insurers | SC Media (scmagazine.com)

Dark Web

• 'DarkBERT' GPT-Based Malware Trains Up on the Entire Dark Web (darkreading.com)

• MacOS malware discovered on Russian dark web forum | Security Magazine

Supply Chain and Third Parties

• Doctors sign up to legal case against Capita over GP data breach - Pulse Today

• Capita boss quits as potential fine looms for huge hack of confidential data | Capita | The Guardian

• Iran's APT34 Hits UAE With Supply Chain Attack (darkreading.com)

Software Supply Chain

• Lessons Not Learned From Software Supply Chain Attacks (darkreading.com)

Cloud/SaaS

• Attackers can turn AWS SSM agents into remote access trojans - Help Net Security

• New Microsoft Azure AD CTS feature can be abused for lateral movement (bleepingcomputer.com)

• Generative AI and cloud have created gaps in cyber security: Wipro report - BusinessToday

• In new ransomware model, cloud provider acts as front for bad actors: report | CSO Online

• Researchers claim US-registered cloud host facilitated state-backed cyber attacks | TechCrunch

• These Are the Top Five Cloud Security Risks, Qualys Says - SecurityWeek

• North Korean hackers targeting JumpCloud mistakenly exposed their IP addresses, researchers say | TechCrunch

• Google warns companies about keeping hackers out of cloud infrastructure | CyberScoop

Identity and Access Management

• The gap in users' identity security knowledge gives cyber criminals an opening - Help Net Security

Encryption

• Braverman fights Meta encryption plans ‘that aid paedophiles’ (thetimes.co.uk)

• SCARF cipher sets new standards in protecting sensitive data - Help Net Security

• Cult of Dead Cow hacktivists design encryption system for mobile apps - The Washington Post

Open Source

• Open-source security challenges and complexities - Help Net Security

• Linux version of Abyss Locker ransomware targets VMware ESXi servers (bleepingcomputer.com)

Passwords, Credential Stuffing & Brute Force Attacks

• Retail chain Hot Topic discloses wave of credential-stuffing attacks (bleepingcomputer.com)

Biometrics

• Bar for UK crimes prosecuted with live facial recognition could get much lower | Biometric Update

Social Media

• Hackers continue to distribute malware through hacked verified pages on Facebook - Neowin

• Salesforce, Meta suffer phishing campaign that evades typical detection methods (securitybrief.co.nz)

• Beware: Tricky phishing email targeting Twitter Blue subscribers with X rebranding confusion - 9to5Mac

• Social media giants on notice over foreign cyber threat (themandarin.com.au)

• NodeStealer 2.0 takes over Facebook Business accounts - Security Affairs

• Instagram Flags AI-Generated Content (darkreading.com)

Travel

• Never share boarding passes online, cyber security experts warn travellers - NZ Herald

Regulations, Fines and Legislation

• New SEC Rules Require US Companies To Reveal Cyber Attacks Within 4 Days (informationsecuritybuzz.com)

• Strengthening Cyber security: Can The SEC’s New Rules Be Enforced? (forbes.com)

• CISA’s security-by-design initiative is at risk: Here’s a path forward | TechCrunch

• What is the Computer Fraud and Abuse Act (CFAA)? | Definition from TechTarget

• Why the California Delete Act Matters (darkreading.com)

• Organizations want stronger AI regulation amid growing concerns - Help Net Security

• Materiality Definition Seen as Tough Task in New SEC Cyber Rules | Mint (livemint.com)

• Cyber security Implementation Plan Offers a Roadmap for Cyber Priorities | Perkins Coie - JDSupra

Models, Frameworks and Standards

• OWASP Top 10 for LLM applications is out! - Security Affairs

• Security professionals unaware of NCSC Cyber Essentials framework - Lookout - IT Security Guru

• What is SOC 2 (System and Organization Controls 2)? | Definition from TechTarget

Careers, Working in Cyber and Information Security

• How the Talent Shortage Impacts Cyber security Leadership (securityintelligence.com)

• US Gov Rolls Out National Cyber Workforce, Education Strategy - SecurityWeek

• Women two-thirds more likely to fear losing CNI security jobs than men - IT Security Guru

• White House Cyber Workforce Strategy: No Quick Fix for Skills Shortage (darkreading.com)

• Cyber workforce strategy requires buy-in across sectors, experts say - Nextgov/FCW

Law Enforcement Action and Take Downs

• Bar for UK crimes prosecuted with live facial recognition could get much lower | Biometric Update

• FBI: Without Section 702, we can't ID cyber criminals • The Register

Privacy, Surveillance and Mass Monitoring

• Home Office plans new national police ‘facial-matching’ service after signing £50m deal for biometrics platform – PublicTechnology

• UK spy agencies want to relax ‘burdensome’ laws on AI data use | Data protection | The Guardian

• Apple Sets New Rules for Developers to Prevent Fingerprinting and Data Misuse (thehackernews.com)

• Instead of obtaining a warrant, the NSA would like to keep buying your data | Ars Technica

• Tor’s shadowy reputation will only end if we all use it | Engadget

• Delivering privacy in a world of pervasive digital surveillance: Tor Project's Executive Director speaks out - Help Net Security

• After talking to security expert, I deleted all Chrome extensions: they see everything | Cybernews

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Nation State Actors, Advanced Persistent Threats (APTs), Cyber Warfare and Cyber Espionage

Russia

• Microsoft Exposes Russian Hackers' Sneaky Phishing Tactics via Microsoft Teams Chats (thehackernews.com)

• BlueBravo Deploys GraphicalProton Backdoor Against European Diplomatic Entities (thehackernews.com)

• Russian Cyber Adversary BlueCharlie Alters Infrastructure in Response to Disclosures (thehackernews.com)

• Russian spies posed as Microsoft tech support in bid to hack governments (telegraph.co.uk)

• Elon Musk ‘stopped Ukraine military using Starlink for military operation’ | The Independent

• Researchers Expose Space Pirates' Cyber Campaign Across Russia and Serbia (thehackernews.com)

• MacOS malware discovered on Russian dark web forum | Security Magazine

• Kazakhstan Rebuffs US Extradition Request for Russian Cyber security Expert - The Moscow Times

• Russian hackers crash Italian bank websites, cyber agency says | Reuters

• Ukrainian hackers viciously troll Russian navy, send malware to their phones (tvpworld.com)

China

• FBI warns of broad AI threats facing tech companies and the public | CyberScoop

• Chinese Malware Could Cut Power To US Military Bases, Businesses And Homes, Report Claims (forbes.com)

• Multiple Chinese APTs establish major beachheads inside sensitive infrastructure | Ars Technica

• US senator victim-blames Microsoft for Chinese hack • The Register

• Patchwork Hackers Target Chinese Research Organizations Using EyeShell Backdoor (thehackernews.com)

• US Tech Sanctions Against China Are Starting to Bite Hard | Tom's Hardware (tomshardware.com)

• Think tank wants monitoring of China's AI-enabled products • The Register

• Microsoft downplays damaging report on Chinese hacking its own engineers vetted | CyberScoop

• US military battling cyber threats from within and without • The Register

Iran

• Iranian Company Cloudzy Accused of Aiding Cyber criminals and Nation-State Hackers (thehackernews.com)

• Iran's APT34 Hits UAE With Supply Chain Attack (darkreading.com)

• Iranian Company Plays Host to Reams of Ransomware, APT Groups (darkreading.com)

North Korea

• STARK#MULE Targets Koreans with US Military-themed Document Lures (thehackernews.com)

• North Korean hackers targeting JumpCloud mistakenly exposed their IP addresses, researchers say | TechCrunch

Misc/Other/Unknown

• Researchers claim US-registered cloud host facilitated state-backed cyber attacks | TechCrunch

• Kaspersky unveils latest APT trends for Q2 | Media OutReach Newswire (media-outreach.com)

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Vulnerability Management

• Relying on CVSS alone is risky for vulnerability management - Help Net Security

• Top 12 vulnerabilities list highlights troubling reality: many organizations still aren't patching | CyberScoop

• Old vulnerabilities, major vendors dominate list of most-exploited flaws of 2022 | SC Media (scmagazine.com)

• In 2022, more than 40% of zero-day exploits used in the wild were variations of previous issues - Security Affairs

• 40% of Log4j Downloads Still Vulnerable (securityintelligence.com)

• CISA, NSA, FBI and International Partners Issue Advisory on the Top Routinely Exploited Vulnerabilities in 2022 > National Security Agency/Central Security Service > Press Release View

• What Causes a Rise or Fall in Fresh Zero-Day Exploits? (govinfosecurity.com)

• Piles of Unpatched IoT, OT Devices Attract ICS Cyber attacks (darkreading.com)

• Microsoft comes under blistering criticism for “grossly irresponsible” security | Ars Technica

Vulnerabilities

• Exploitation of Recent Citrix ShareFile RCE Vulnerability Begins - SecurityWeek

• Over 640 Citrix servers backdoored with web shells in ongoing attacks (bleepingcomputer.com)

• New flaw in Ivanti Endpoint Manager Mobile actively exploited in the wild - Security Affairs

• Second Ivanti EPMM Zero-Day Vulnerability Exploited in Targeted Attacks - SecurityWeek

• Apple iOS, Google Android Patch Zero-Days in July Security Updates | WIRED UK

• US fears attacks will continue against Ivanti MDM installs • The Register

• Cisco Talos Discusses Flaws in SOHO Routers Post-VPNFilter - Infosecurity Magazine (infosecurity-magazine.com)

• Microsoft fixes WSUS servers not pushing Windows 11 22H2 updates (bleepingcomputer.com)

• Hackers exploit BleedingPipe RCE to target Minecraft servers, players (bleepingcomputer.com)

• Firefox 116: improved upload performance and security fixes - gHacks Tech News

• Oracle Critical Patch Update Advisory - July 2023

• Tenable CEO accuses Microsoft of negligence in addressing security flaw | CyberScoop

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Tools and Controls

• Data Loss Prevention for Small and Medium-Sized Businesses - IT Security Guru

• Cyber Insurance Underwriting Is Still Stuck in the Dark Ages (darkreading.com)

• Spend to save: The CFO’s guide to cyber security investment (securityintelligence.com)

• 66% of Cyber security Leaders Don't Trust Their Current Cyber Risk Mitigation Strategies - ITSecurityWire

• US, Australia Issue Warning Over Access Control Vulnerabilities in Web Applications - SecurityWeek

• Data stolen from millions via missing web app access checks • The Register

• Keeping the cloud secure with a mindset shift - Help Net Security

• Strengthening security in a multi-SaaS cloud environment | TechCrunch

• 5 Essential Tips For Data Security On The Cloud (informationsecuritybuzz.com)

• AI has a place in cyber, but needs effective evaluation | Computer Weekly

• Top 5 benefits of SASE to enhance network security | TechTarget

• MDR 40-Plus: Top Managed Detection and Response (MDR) Companies: 2023 Edition - MSSP Alert

• 4 Generative AI Security Benefits (trendmicro.com)

• What is Data Security Posture Management (DSPM)? (thehackernews.com)

• Unified XDR and SIEM Alleviate Security Alert Fatigue (darkreading.com)

• What is an ISMS (Information Security Management System)? | UpGuard

• VPNs remain a risky gamble for remote access - Help Net Security

• Insider Threat Protection And Modern DLP (informationsecuritybuzz.com)

• Risk Appetite vs. Risk Tolerance: How are They Different? (techtarget.com)

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Reports Published in the Last Week

• 2023 State of Ransomware | Malwarebytes

• Cyber Risk and Resiliency Report: Dueling Disaster in 2023 (informationweek.com)

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Other News

• The top 6 cyber security incidents in July 2023 (cshub.com)

• UK legal sector at risk, National Cyber Security Centre warns | Today's Conveyancer (todaysconveyancer.co.uk)

• UK Military Embraces Security by Design - Infosecurity Magazine (infosecurity-magazine.com)

• Cyber criminals targeting medical info warns FBI | KSNV (news3lv.com)

• How local governments can combat cyber crime - Help Net Security

• Governments and public services facing 40% more cyber attacks (securitybrief.co.nz)

• Utilities Face Security Challenges as They Embrace Data in New Ways (darkreading.com)

• Cyber Attacks Targeting Government Agencies Increase 40% - Infosecurity Magazine (infosecurity-magazine.com)

• BPP targeted in cyber attack - Legal Cheek

• Microsoft Flags Growing Cyber security Concerns for Major Sporting Events (thehackernews.com)

• Nearly All Modern CPUs Leak Data to New Collide+Power Side-Channel Attack - SecurityWeek

• New Study Reveals Forged Certificate Attack Risks - Infosecurity Magazine (infosecurity-magazine.com)

• 80 percent of digital certificates vulnerable to man-in-the-middle attacks (betanews.com)

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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 9th June 2023

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

• 74% of Breaches Involve Human Element- Make Employees Your Best Asset

Verizon’s recent data breach report analysed 16,312 security incidents and 5,199 breaches. A total of 74% of breaches involved a human element, highlighting the role of employees in achieving good cyber resilience. Organisations looking to improve their resilience should therefore consider how well and how frequently they train their users. In a recent report, Fortinet found that 90% of leaders believed that increasing their employee cyber security awareness would help decrease the occurrence of cyber attacks. Worryingly, despite 85% of leaders having an awareness and training programme in place, 50% believed their employees still lacked cyber security knowledge.

With an effective training programme, organisations can increase their employees’ cyber risk awareness and empower them in defending the organisation, laying the foundation for a strong cyber security culture.

https://www.helpnetsecurity.com/2023/06/06/verizon-data-breach-investigations-report-2023-dbir/

https://www.helpnetsecurity.com/2023/06/09/employees-cybersecurity-knowledge/

• Cyber Security Agency Urges Vigilance as MOVEit Attack Impacts Major Companies Including British Airways, Boots and the BBC

The recent cyber attacks on file transfer software MOVEit have impacted a number of major companies through their supply chain. The attack, which hit UK-based HR and payroll provider Zellis has had a huge knock-on effect, with major companies such as British Airways, Boots and the BBC suffering as a result of using Zellis in their supply chain. The UK’s National Cyber Security Centre (NCSC) has emphasised the need for organisations to exercise heightened vigilance.

Organisations must be aware of supply chain risks, and how an attack on a supplier or service provider can impact their own organisation. It is important for organisations to manage supply chain security, assess third party risks, communicate with suppliers and keep on top of emerging threats; it’s no simple task.

https://www.securityweek.com/several-major-organizations-confirm-being-impacted-by-moveit-attack/

https://www.ibtimes.co.uk/british-cybersecurity-agency-urges-vigilance-major-companies-fall-victim-software-hack-1716493

• CISOs and IT Lack Confidence in Executives’ Cyber Defence Knowledge as the Spotlight Falls on the Boardroom

Nearly three-quarters of data breaches include an element of human failure, and senior business leaders were particularly at risk, according to a recent report. Not only do business leaders possess the most sensitive information, but they are often the least protected, with many organisations making security protocol exemptions for them. Such factors have pushed the boardroom into the spotlight more.

In another report, it was found that only 28% of IT professionals were confident in their executives’ ability to recognise a phishing email. The report found that as many as 71% of executives were reusing compromised passwords from personal accounts inside the company. Technology alone won’t solve the problem: user awareness training is required and this includes the boardroom.

https://www.csoonline.com/article/3698708/cisos-it-lack-confidence-in-executives-cyber-defense-knowledge.html

https://www.computerweekly.com/news/366539293/Cyber-spotlight-falls-on-boardroom-privilege-as-incidents-soar

• Only 1 in 10 CISOs are Board-ready as Nearly Half of Boards Lack Cyber Expertise

A recent study has found that only 1 in 10 chief information security officers (CISOs) have all the key traits thought to be crucial for success on a corporate board, with many lacking governance skills and experience and other attributes needed for board readiness. Worryingly, nearly half of the 1,000 companies in the study lacked at least one director with cyber security expertise. This is concerning as good cyber security starts from the board: the board is responsible for understanding the business risks of a cyber incident and for endorsing whether the cyber controls in place have reduced those risks to a level that the board is happy with. Similarly, the board would not sign off financial risks without ensuring they had someone with financial experience and qualifications present. The Black Arrow vCISO service is ideal for organisations that need expertise in assessing and managing cyber risks, underpinned by governance reporting and metrics presented to enable the board to make educated and informed decisions.

https://www.csoonline.com/article/3698291/only-one-in-10-cisos-today-are-board-ready-study-says

• BEC Volumes and Ransomware Costs Double in a Year

The number of recorded business email compromise (BEC) attacks doubled over the past year, with the threat comprising nearly 60% of social engineering incidents studied by Verizon for its 2023 Data Breach Investigations Report. The report this year was based on analysis of 16,312 security incidents and 5,199 breaches over the past year.

Pretexting, which is commonly using in BEC attacks, is now more common than phishing in social engineering incidents, although the latter is still more prevalent in breaches, the report noted. The median amount stolen in pretexting attacks now stands at $50,000. The vast majority of attacks (97%) over the past year were motivated by financial gain rather than espionage.

https://www.infosecurity-magazine.com/news/bec-volumes-ransomware-costs/

• Hackers are Targeting C-Suite Executives Through Their Personal Email

As companies rely on chief financial officers (CFOs) to mitigate risk, cyber attacks and the costs associated with them are a major concern. Now there is also a growing trend of cyber criminals targeting C-suite executives in their personal lives, where it is easier to pull off a breach as there are fewer, if any, protections, instead of targeting them through their business accounts. Once attackers have access, they then try to use this to gain entry to the corporate systems. The report found that 42% of companies have experienced cyber criminal attacks on their senior-level corporate executives, which can compromise sensitive business data. The report found that 58% of respondents stated that cyber threat prevention for executives and their digital assets are not covered in their cyber, IT and physical securities strategies and budgets.

https://fortune.com/2023/06/08/hackers-targeting-c-suite-executives-personal-email-cybersecurity

• Proactive Detection is Crucial as Organisations Lack Effective Threat Research

In a recent study, it was found that CISOs are spending significantly less time on threat research and awareness, despite 58% having an increase in their budget for cyber security; the same number reported that their team is so busy, they may not detect an attack. In a different report, keeping up with threat intelligence was identified as one of the biggest challenges faced.

https://www.helpnetsecurity.com/2023/06/06/cisos-cybersecurity-spending/

• Number of Vulnerabilities Exploited Rose by 55%

A recent report from Palo Alto Networks’ Unit 42 found that the number of vulnerabilities that attackers are exploiting has grown by 55% compared to 2021, with most of the increase resulting from supply chain vulnerabilities; along with this was a 25% rise in the number of CVE’s, the term used for identified vulnerabilities. Worryingly ChatGPT scams saw a 910% increase in monthly domain registrations, pointing to an exponential growth in fraudulent activities taking advantage of the widespread usage and popularity of AI-powered chatbots.

Such growth puts further strain on cyber security staff, making it even harder for organisations to keep up. A strong threat management programme is needed, to help organisations prioritise threats and use organisational resources effectively to address said threats.

https://www.infosecurity-magazine.com/news/exploitation-vulnerabilities-grew/

https://www.infosecurity-magazine.com/news/cves-surge-25-2022-another-record/

• Ransomware Behind Most Cyber Attacks, with Record-breaking May

2022 saw ransomware account for nearly one in four (24%) cyber attacks, with 95% of events resulting in a loss costing upwards of $2.25 million during 2021-2022. Ransomware remains a significant threat as evidenced by a different report, which stated that May 2023 saw a 154% spike in ransomware compared to May 2022. Other key findings include unreported attacks being five times more likely than reported attacks.

https://www.msspalert.com/cybersecurity-research/ransomware-hit-new-attack-highs-in-may-2023-blackfog-report-says/

https://www.scmagazine.com/analysis/ransomware/ransomware-attacks-have-room-to-grow-verizon-data-breach-report-shows

• 4 Areas of Cyber Risk That Boards Need to Address

As technological innovations such as cloud computing, the Internet of Things, robotic process automation, and predictive analytics are integrated into organisations, it makes them increasingly susceptible to cyber threats. This means that governing and assessing cyber risks becomes a prerequisite for successful business performance. This need for transparency has been recognised by the regulators and facilitated by the new cyber security rules to ensure companies maintain adequate cyber security controls and appropriately disclose cyber-related risks and incidents.

To ensure they fulfil the requirements, organisations should focus on the following areas: position security as a strategic business enabler; continuously monitor the cyber risk capability performance; align cyber risk management with business needs through policies and standards; and proactively anticipate the changing threat landscape by utilising threat intelligence sources for emerging threats.

https://hbr.org/2023/06/4-areas-of-cyber-risk-that-boards-need-to-address

• North Korea Makes 50% of Income from Cyber Attacks

The North Korean regime makes around half of its income from cyber attacks on cryptocurrency and other targets. A 2019 UN estimate claimed North Korea had amassed as much as $2bn through historic attacks on crypto firms and traditional banks.

North Korean hackers have been blamed for some of the biggest ever heists of cryptocurrency, including the $620m stolen from Sky Mavis’ Ronin Network last year and the $281m taken from KuCoin in 2020 and $35m from Atomic Wallet just this last weekend.

They are using increasingly sophisticated techniques to get what they want. The 3CX supply chain attacks, in which backdoor malware was implanted into a legitimate-looking software update from the eponymous comms provider, is thought to have been a targeted attempt at hitting crypto exchanges.

https://www.infosecurity-magazine.com/news/north-korea-makes-50-income/

• Going Beyond “Next Generation” Network Security

Over a decade ago, the phrase “next generation” was used in the network security space to describe the introduction of application-layer controls with firewalls. It was a pivotal moment for the space, setting a new standard for how we protected the perimeter. A lot has happened in the last decade though, most notably, the rapid adoption of cloud and multicloud architectures and the loss of the “perimeter.” Today, 82% of IT leaders have adopted hybrid cloud architectures, and 58% of organisations use between two and three public Infrastructure as a Service (IaaS) clouds. On top of that, 95% of web traffic is encrypted which limits visibility. Applications are everywhere, access privileges are unstructured, increasing the attack surface, and businesses expect near-perfect availability and resilience. To make things more complicated, enterprises have tried to solve these challenges with disparate solutions, leading to vendor sprawl among security stacks and operational inefficiency. What was once considered “next-generation” network security no longer cuts it.

https://blogs.cisco.com/security/going-beyond-next-generation-network-security-cisco-platform-approach

• Worldwide 2022 Email Phishing Statistics and Examples

Remote and hybrid work environments have become the new norm. The fact that email has become increasingly integral to business operations, has led malicious actors to favour email as an attack vector. According to a report by security company Egress, 92% of organisations have fallen victim to phishing attacks in 2022, a 29% increase in phishing incidents from 2021. Phishing attacks aimed at stealing info and data, also known as credential phishing, saw a 4% growth in 2022, with nearly 7 million detections. Rather worryingly, there was a 35% increase in the number of detections that related to business email compromise (BEC); these attacks mostly impersonated executives or high-ranking management personnel. With the increase in AI tools, it is expected that cyber criminals will be better able to create and deploy more sophisticated phishing attacks.

https://www.trendmicro.com/en_us/ciso/23/e/worldwide-email-phishing-stats-examples-2023.html

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Governance, Risk and Compliance

• Insurers Predict $33bn Bill for Catastrophic "Cyber Event" - Infosecurity Magazine (infosecurity-magazine.com)

• Verizon 2023 Data Breach Investigations Report: 74% of breaches involve human element - Help Net Security

• 4 Areas of Cyber Risk That Boards Need to Address (hbr.org)

• CISOs, IT lack confidence in executives’ cyber-defence knowledge | CSO Online

• Cyber spotlight falls on boardroom ‘privilege’ as incidents soar | Computer Weekly

• CISOs focus more on business strategy than threat research - Help Net Security

• With SEC Rule Changes on the Horizon, Research Reveals Only 14% of CISOs Have Traits Desired for Cyber Expert Board Positions (darkreading.com)

• Only one in 10 CISOs today are board-ready, study says | CSO Online

• Employee cyber security awareness takes centre stage in defence strategies - Help Net Security

• The Importance of Managing Your Data Security Posture (thehackernews.com)

• How CISOs Can Manage the Intersection of Security, Privacy, And Trust (darkreading.com)

• Why Companies Should Consider Developing A Chief Security Officer Position (forbes.com)

• Want Sustainable Security? Find Middle Ground Between Tech & Education (darkreading.com)

• VeeamON 2023: When Your Nightmare Comes True - The New Stack

• Make Your Employees Your Best Asset in Combating Cyber crime | CISO Collective (fortinet.com)

• UK Organisations lack clear path to achieve threat intelligence - IT Security Guru

• CIOs prioritize new technologies over tech stack optimization - Help Net Security

• Top factors driving enterprise demand for new cyber security technology - Help Net Security

• Why a proactive detection and incident response plan is crucial for your organisation | Microsoft Security Blog

• Factors influencing IT security spending - Help Net Security

• How to Boost Cyber Security Through Better Communication (securityintelligence.com)

• Generative AI's influence on data governance and compliance - Help Net Security

• Essential Cyber security Compliance Standards (trendmicro.com)

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Threats

Ransomware, Extortion and Destructive Attacks

• Verizon DBIR: Social Engineering Gains Lead to Spiraling Breach Costs (darkreading.com)

• Ransomware Behind Most Cyber Attacks, Verizon Business Reports - MSSP Alert

• Ransomware Hit New Attack Highs in May 2023, BlackFog Report Says - MSSP Alert

• Hacking Spree Feared After Breach of File-Sharing Software - Bloomberg

• Clop ransomware likely testing MOVEit zero-day since 2021 (bleepingcomputer.com)

• Clop extortion gang gives MOVEit exploit victims one week to reach out | CSO Online

• New Linux Ransomware Strain BlackSuit Shows Striking Similarities to Royal (thehackernews.com)

• Cyclops Ransomware group offers a multiplatform Info StealerSecurity Affairs

• 0mega ransomware gang changes tactics - Help Net Security

• Firms warned not to give in to blackmail threats after Russia-linked payroll data hack | Evening Standard

• Royal ransomware gang adds BlackSuit encryptor to their arsenal (bleepingcomputer.com)

• Cyber Extortionists Seek Out Fresh Victims in LatAm and Asia - Infosecurity Magazine (infosecurity-magazine.com)

Ransomware Victims

• BA, BBC and Boots staff data hit by Russia-linked cyber attack (telegraph.co.uk)

• Ransomware takes down multiple municipalities in May | TechTarget

• Several Major Organisations Confirm Being Impacted by MOVEit Attack - SecurityWeek

• Spanish Bank Globalcaja Hit By Ransomware Attack - Infosecurity Magazine (infosecurity-magazine.com)

• 2.5M Impacted by Enzo Biochem Data Leak After Ransomware Attack (darkreading.com)

• Burton Snowboards discloses data breach after February attack (bleepingcomputer.com)

• Pharmaceutical Giant Eisai Hit By Ransomware Incident - Infosecurity Magazine (infosecurity-magazine.com)

• City of Dallas Still Clawing Back Weeks After Cyber Incident (darkreading.com)

• Caribbean Island Suffers Cyber Attack, MSSP Expert Recommends Low-Code Automation - MSSP Alert

Phishing & Email Based Attacks

• Fixing email security: It's still a rocky road ahead - SiliconANGLE

• Worldwide 2022 Email Phishing Statistics and Examples (trendmicro.com)

• New Security Warning Issued For Google's 1.8 Billion Gmail Users (forbes.com)

• New Horabot campaign takes over victim's Gmail, Outlook accounts (bleepingcomputer.com)

• Chinese Phishing Gang "PostalFurious" Expands Campaign - Infosecurity Magazine (infosecurity-magazine.com)

• Phishing Attack Prevention Checklist - A Detailed Guide (gbhackers.com)

• Gmail spoofing vulnerability sparks Google ‘Priority 1’ probe | SC Media (scmagazine.com)

BEC – Business Email Compromise

• BEC Volumes and Ransomware Costs Double in a Year - Infosecurity Magazine (infosecurity-magazine.com)

Other Social Engineering; Smishing, Vishing, etc

• Verizon DBIR: Social Engineering Gains Lead to Spiraling Breach Costs (darkreading.com)

Artificial Intelligence

• AI poses national security threat, warns terror watchdog | Artificial intelligence (AI) | The Guardian

• ChatGPT creates mutating malware that evades detection by EDR | CSO Online

• The Growing Cyber Threats of Generative AI: Who's Accountable? (darkreading.com)

• Consumers overestimate their deepfake detection skills - Help Net Security

• Department of Defence AI principles have a place in the CISO’s playbook | CSO Online

• Generative AI's influence on data governance and compliance - Help Net Security

• Traditional malware increasingly takes advantage of ChatGPT for attacks | CSO Online

• AI drone 'kills' human operator during 'simulation' - which US Air Force says didn't take place | Science & Tech News | Sky News

• OWASP lists 10 most critical large language model vulnerabilities | CSO Online

• Japan privacy watchdog warns ChatGPT-maker OpenAI on user data | Reuters

• New ChatGPT Attack Technique Spreads Malicious Packages - Infosecurity Magazine (infosecurity-magazine.com)

• Sextortionists are making AI nudes from your social media images (bleepingcomputer.com)

• Cyber crooks Scrape OpenAI API Keys to Pirate GPT-4 (darkreading.com)

2FA/MFA

• PyPI's 2FA Requirements Don't Go Far Enough, Researchers Say (darkreading.com)

• How fraudsters undermine text passcodes - Help Net Security

Malware

• High-profile malware and targeted attacks in Q1 2023 | Securelist

• ChatGPT creates mutating malware that evades detection by EDR | CSO Online

• Malicious Chrome extensions with 75M installs removed from Web Store (bleepingcomputer.com)

• Qakbot: The trojan that just won't go away - Help Net Security

• Qbot malware adapts to live another day … and another … • The Register

• Alarming Surge in TrueBot Activity Revealed with New Delivery Vectors (thehackernews.com)

• New ChatGPT Attack Technique Spreads Malicious Packages - Infosecurity Magazine (infosecurity-magazine.com)

• New PowerDrop Malware Targeting US Aerospace Industry (thehackernews.com)

• Dissecting the Dark Web Supply Chain: Stealer Logs in Context (bleepingcomputer.com)

• Minecraft Malware Spreading Through Mods, Plug-ins (darkreading.com)

• Online sellers targeted by new information-stealing malware campaign (bleepingcomputer.com)

• Google puts $1M behind its mining-malware detection promise • The Register

Mobile

• Over 60,000 Android apps secretly installed adware for past six months (bleepingcomputer.com)

• Android security update fixes Mali GPU flaw exploited by spyware (bleepingcomputer.com)

• New tool scans iPhones for 'Triangulation' malware infection (bleepingcomputer.com)

• New Android feature drop will scan the dark web for your Gmail address | Trusted Reviews

• Apple announces next-level privacy and security innovations - Help Net Security

• How Does Android Stack Up Vs IOS? (informationsecuritybuzz.com)

Botnets

• New Horabot campaign takes over victim's Gmail, Outlook accounts (bleepingcomputer.com)

• Alarming Surge in TrueBot Activity Revealed with New Delivery Vectors (thehackernews.com)

Denial of Service/DoS/DDOS

• Outlook.com hit by outages as hacktivists claim DDoS attacks (bleepingcomputer.com)

• The evolution of DDoS attacks in 2023 - Help Net Security

• Microsoft OneDrive down worldwide following claims of DDoS attacks (bleepingcomputer.com)

Internet of Things – IoT             

• Britain to remove Chinese surveillance gear from government sites | Surveillance | The Guardian

• Morrisons and Tesco ban Chinese CCTV cameras over security fears (telegraph.co.uk)

• Amazon’s Ring doorbell employees spied on users’ bathrooms (telegraph.co.uk)

• High-risk vulnerabilities patched in ABB Aspect building management system - Help Net Security

• New York City sues Hyundai, Kia claiming cars easy to steal • The Register

Data Breaches/Leaks

• Verizon DBIR: Social Engineering Gains Lead to Spiraling Breach Costs (darkreading.com)

• BA, BBC and Boots staff data hit by Russia-linked cyber attack (telegraph.co.uk)

• This Google Workspace security flaw could let hackers quietly steal your Drive files | TechRadar

• Microsoft: Lace Tempest Hackers Behind Active Exploitation of MOVEit Transfer App (thehackernews.com)

• Hackers launch another wave of mass-hacks targeting company file transfer tools | TechCrunch

• Massive free VPN data breach exposes 360M records | Fox News

• 2.5M Impacted by Enzo Biochem Data Leak After Ransomware Attack (darkreading.com)

• Cloud misconfiguration causes massive data breach at Toyota Motor | CSO Online

• Honda API flaws exposed customer data, dealer panels, internal docs (bleepingcomputer.com)

• Every Netherlands resident affected by data leak: watchdog | NL Times

• German recruiter Pflegia leaks sensitive job seeker info- Security Affairs

• What’s really changed 10 years after the Snowden revelations? | Edward Snowden | The Guardian

Organised Crime & Criminal Actors

• RaidForums: The child hacker facing extradition to the US | Euronews

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• North Korean Hackers Blamed for $35 Million Atomic Wallet Crypto Theft – Security Week

• Google puts $1M behind its mining-malware detection promise • The Register

Insider Risk and Insider Threats

• Verizon 2023 Data Breach Investigations Report: 74% of breaches involve human element - Help Net Security

• How to Boost Cyber Security Through Better Communication (securityintelligence.com)

Fraud, Scams & Financial Crime

• Scammers publish ads for hacking services on government websites | TechCrunch

• Hackers hijack legitimate sites to host credit card stealer scripts (bleepingcomputer.com)

• A new wave of sophisticated digital fraud hits Europe - Help Net Security

• ID fraud a possibility forever, claims data breach lawsuit • The Register

• How fraudsters undermine text passcodes - Help Net Security

• Magento, WooCommerce, WordPress, and Shopify Exploited in Web Skimmer Attack (thehackernews.com)

• Brazilian Cyber criminals Using LOLBaS and CMD Scripts to Drain Bank Accounts (thehackernews.com)

• Virtual claims raise alarms among insurance carriers and customers - Help Net Security

• UK banks to reimburse fraud victims under new rules, regulator confirms | Scams | The Guardian

• Interpol: Human Trafficking is Fueling Fraud Epidemic - Infosecurity Magazine (infosecurity-magazine.com)

Impersonation Attacks

• 'Picture-in-Picture' Obfuscation Spoofs Delta, Kohl's for Credential Harvesting (darkreading.com)

• Gmail spoofing vulnerability sparks Google ‘Priority 1’ probe | SC Media (scmagazine.com)

Deepfakes

• Sextortionists are making AI nudes from your social media images (bleepingcomputer.com)

• Deepfakes being used in ‘sextortion’ scams, FBI warns • The Register

• Consumers overestimate their deepfake detection skills - Help Net Security

• Defenders Buckle Up for a Future of Detecting Deepfakes (darkreading.com)

Insurance

• Insurers Predict $33bn Bill for Catastrophic "Cyber Event" - Infosecurity Magazine (infosecurity-magazine.com)

• Virtual claims raise alarms among insurance carriers and customers - Help Net Security

Dark Web

• New Android feature drop will scan the dark web for your Gmail address | Trusted Reviews

• Dissecting the Dark Web Supply Chain: Stealer Logs in Context (bleepingcomputer.com)

• What is the dark web and how do you access it? (androidpolice.com)

Supply Chain and Third Parties

• Firms warned not to give in to blackmail threats after Russia-linked payroll data hack | Evening Standard

• Capita data breach ‘may affect millions’ (thetimes.co.uk)

• BA, BBC and Boots staff data hit by Russia-linked cyber attack (telegraph.co.uk)

• Microsoft: Lace Tempest Hackers Behind Active Exploitation of MOVEit Transfer App (thehackernews.com)

• Clop extortion gang gives MOVEit exploit victims one week to reach out | CSO Online

• Clop Ransomware Gang Likely Aware of MOVEit Transfer Vulnerability Since 2021 (thehackernews.com)

• Hacking Spree Feared After Breach of File-Sharing Software - Bloomberg

• data privacy: Swiss administration hit by cyber attack - The Economic Times (indiatimes.com)

Software Supply Chain

• SBOMs - Software Supply Chain Security’s Future or Fantasy? - SecurityWeek

• 10 security tool categories needed to shore up software supply chain security | CSO Online

Cloud/SaaS

• Cloud Security Tops Concerns for Cyber Security Leaders: EC-Council's Certified CISO Hall of Fame Report 2023 (thehackernews.com)

• The Annual Report: 2024 Plans and Priorities for SaaS Security (thehackernews.com)

• Cloud misconfiguration causes massive data breach at Toyota Motor | CSO Online

• This Google Workspace security flaw could let hackers quietly steal your Drive files | TechRadar

• Current SaaS security strategies don't go far enough - Help Net Security

Hybrid/Remote Working

• Filling the Gaps: How to Secure the Future of Hybrid Work (darkreading.com)

• Thought of Going Into Office Gives Quarter of Employees Sunday Scaries - IT Security Guru

• Surveilling your employees? You could be putting your company at risk of attack - Help Net Security

Shadow IT

• Shadow IT is increasing and so are the associated security risks | CSO Online

Encryption

• UK Government Official Offers Up Nonsensical Defence Of Criminalizing End-To-End Encryption | Techdirt

API

• Honda API flaws exposed customer data, dealer panels, internal docs (bleepingcomputer.com)

• OWASP's 2023 API Security Top 10 Refines View of API Risks - SecurityWeek

Passwords, Credential Stuffing & Brute Force Attacks

• Watch brute force hacking attempts fail in realtime | Boing Boing

Social Media

• UK mental health charities handed sensitive data to Facebook for targeted ads | Mental health | The Guardian

• Microsoft Preps $425M Payment for LinkedIn GDPR Violations (darkreading.com)

• Hate speech is driving advertisers away from Twitter • Graham Cluley

• US government's TikTok ban extended to include contractors • The Register

Training, Education and Awareness

• Employee cyber security awareness takes center stage in defense strategies - Help Net Security

• Want Sustainable Security? Find Middle Ground Between Tech & Education (darkreading.com)

• Make Your Employees Your Best Asset in Combating Cyber crime | CISO Collective (fortinet.com)

• How to Boost Cyber security Through Better Communication (securityintelligence.com)

• Embracing realistic simulations in cyber security training programs - Help Net Security

Data Protection

• SEC drops 42 cases after staff bungle data protection • The Register

• Japan privacy watchdog warns ChatGPT-maker OpenAI on user data | Reuters

• Microsoft Preps $425M Payment for LinkedIn GDPR Violations (darkreading.com)

• Microsoft Fined $20M For Xbox Child Data Collection (darkreading.com)

Careers, Working in Cyber and Information Security

• Governments Need a Cyber Blueprint to Hire, Retain Cyber security Talent, Report Says - MSSP Alert

Privacy, Surveillance and Mass Monitoring

• UK mental health charities handed sensitive data to Facebook for targeted ads | Mental health | The Guardian

• Amazon’s Ring doorbell employees spied on users’ bathrooms (telegraph.co.uk)

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

• British Army organises major Western European cyber warfare exercise (ibtimes.co.uk)

• Still standing after 260m attacks: inside Ukraine’s cyber warfare squad (thetimes.co.uk)

• Hacks Against Ukraine's Emergency Response Services Rise During Bombings | WIRED

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Nation State Actors

• North Korea Makes 50% of Income from Cyber-Attacks: Report - Infosecurity Magazine (infosecurity-magazine.com)

• A Peek Behind the Curtain: Examining the Dimensions of a National-level Cyber Program | Mandiant

• Chinese Phishing Gang "PostalFurious" Expands Campaign - Infosecurity Magazine (infosecurity-magazine.com)

• North Korean APT group targets email credentials in social engineering campaign | CSO Online

• UK to strip Chinese surveillance cameras from sensitive government sites | Financial Times (ft.com)

• Morrisons and Tesco ban Chinese CCTV cameras over security fears (telegraph.co.uk)

• US government's TikTok ban extended to include contractors • The Register

• Camaro Dragon Strikes with New TinyNote Backdoor for Intelligence Gathering (thehackernews.com)

• Kimsuky APT poses as journalists and broadcast writers in attacks- Security Affairs

• Meet TeamT5, the Taiwanese infosec outfit taking on Beijing • The Register

• China has closed unofficial ‘police stations’ in Britain, UK minister says | China | The Guardian

• Lazarus hackers linked to the $35 million Atomic Wallet heist (bleepingcomputer.com)

• Kimsuky Targets Think Tanks and News Media with Social Engineering Attacks (thehackernews.com)

• Hostile states face contract ban amid security concerns (thetimes.co.uk)

• North Korean Hackers Blamed for $35 Million Atomic Wallet Crypto Theft - SecurityWeek

• Espionage Attacks in North Africa Linked to "Stealth Soldier" Backdoor - Infosecurity Magazine (infosecurity-magazine.com)

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Vulnerability Management

• Exploitation of Vulnerabilities Soared By 55% in 2022 - Infosecurity Magazine (infosecurity-magazine.com)

• New vulnerabilities increase by 25 percent (betanews.com)

• OWASP lists 10 most critical large language model vulnerabilities | CSO Online

• Public sector apps show higher rates of security flaws - Help Net Security

Vulnerabilities

• CISA adds Progress MOVEit Transfer zero-day to its Known Exploited Vulnerabilities catalog- Security Affairs

• Zyxel vulnerability under 'widespread exploitation' | TechTarget

• Barracuda Urges Immediate Replacement of Hacked ESG Appliances (thehackernews.com)

• Experts Unveil Exploit for Recent Windows Vulnerability Under Active Exploitation (thehackernews.com)

• Urgent Security Updates: Cisco and VMware Address Critical Vulnerabilities (thehackernews.com)

• High-Severity Vulnerabilities Patched in Splunk Enterprise - SecurityWeek

• Zero Day Initiative — CVE-2023-24941: Microsoft Network File System Remote Code Execution

• Gigabyte Slams Backdoor Shut With Attack-Killing BIOS Update (darkreading.com)

• Zero-Day Alert: Google Issues Patch for New Chrome Vulnerability - Update Now! (thehackernews.com)

• Android security update fixes Mali GPU flaw exploited by spyware (bleepingcomputer.com)

• Three Vulnerabilities Discovered in Game Dev Tool RenderDoc - Infosecurity Magazine (infosecurity-magazine.com)

• Firefox 114 is out: No 0-days, but one fascinating “teachable moment” bug – Naked Security (sophos.com)

• High-risk vulnerabilities patched in ABB Aspect building management system - Help Net Security

• Easily Exploitable Microsoft Visual Studio Bug Opens Developers to Takeover (darkreading.com)

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Tools and Controls

• CISOs focus more on business strategy than threat research - Help Net Security

• CIOs prioritize new technologies over tech stack optimization - Help Net Security

• Going Beyond “Next Generation” Network Security - Cisco Blogs

• Make Your Employees Your Best Asset in Combating Cybercrime | CISO Collective (fortinet.com)

• UK Organisations lack clear path to achieve threat intelligence - IT Security Guru

• Why a proactive detection and incident response plan is crucial for your organisation | Microsoft Security Blog

• Employee cybersecurity awareness takes center stage in defence strategies - Help Net Security

• Want Sustainable Security? Find Middle Ground Between Tech & Education (darkreading.com)

• Factors influencing IT security spending - Help Net Security

• Top factors driving enterprise demand for new cyber security technology - Help Net Security

• How to Boost Cyber security Through Better Communication (securityintelligence.com)

• MoD adopts ‘secure by design’ for cyber security | UKAuthority

• Everyone is selling VPNs, and that's a problem for security | Engadget

• ISMG Editors: Why Communications Skills Matter for CISOs (inforisktoday.com)

• Network Security Checklist - 2023 (cybersecuritynews.com)

• Phishing Attack Prevention Checklist - A Detailed Guide (gbhackers.com)

• Ransomware Attack Prevention Checklist - 2023 (cybersecuritynews.com)

• OWASP lists 10 most critical large language model vulnerabilities | CSO Online

• This Google Workspace security flaw could let hackers quietly steal your Drive files | TechRadar

• How to make developers love security - Help Net Security

• Embracing realistic simulations in cyber security training programs - Help Net Security

• The Key to Zero Trust Identity Is Automation (darkreading.com)

• What generative AI's rise means for the cyber security industry | TechTarget

• Cisco spotlights generative AI in security, collaboration | Network World

• 10 security tool categories needed to shore up software supply chain security | CSO Online

• How to Improve Your API Security Posture (thehackernews.com)

• Consolidate Vendors and Products for Better Security - SecurityWeek

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Reports Published in the Last Week

• Verizon 2023 DBIR: Ransomware remains steady but complicated | TechTarget

• The Annual Report: 2024 Plans and Priorities for SaaS Security (thehackernews.com)

• Threat Intelligence report 2023 | Nokia

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Other News

• The country with the best cyber security skills may surprise you | TechRadar

• CEO guilty of selling counterfeit Cisco devices to military, govt orgs (bleepingcomputer.com)

• NASA website flaw jeopardizes astrobiology fans- Security Affairs

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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 17 March 2023

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

• Almost Half of IT Leaders Consider Security as an Afterthought

A recent industry report found that security is an afterthought for almost half of UK IT leaders, despite 92% of respondents agreeing that security risks had risen in the last five years. Additionally, 48% of respondents felt that the rapid development of new tools had caused challenges around security. The concept of security as an afterthought is worrying when considering that 39% of UK businesses identified a cyber attack within the past 12 months.

https://www.itsecurityguru.org/2023/03/14/almost-half-of-it-leaders-consider-security-as-an-afterthought-research-reveals

• Over $10bn Lost to Online Frauds, with Pig Butchering and Investment Scams Accounting for $3B, Overtaking BEC – FBI Report Says

According to the latest FBI crime report pig butchering now accounts for $3 billion of the $10 billion total lost to online fraud. Pig butchering is a rising investment scam that uses the promise of romance and the lure of making easy cryptocurrency profit against its unsuspecting targets. The concept of pig butchering is to “fatten up” the victim, with small returns on cryptocurrency and personal interactions, often with an element of romance; eventually, the victim is lured into making a larger investment with the scammer. In addition to pig butchering, other investment scams are growing in provenance and are set to overtake Business Email Compromise (BEC) as a major earner for cyber criminals.

https://www.darkreading.com/application-security/pig-butchering-investment-scams-3b-cybercrime-threat-overtaking-bec

• Over 721 Million Passwords were Leaked in 2022

A report published this week discovered 721.5 million exposed credentials online in 2022. Additionally, the report identified 72% of users reusing previously compromised passwords. The study also uncovered 8.6 billion personally identifiable information assets, including 67 million credit card numbers which were publicly available.

https://www.neowin.net/news/study-over-721-million-passwords-were-leaked-in-2022/

• How Much of a Cyber Security Risk are Suppliers?

When your business is digitally connected to a service provider, you need to understand how a cyber security attack on their business can affect yours. You can have all the right measures in place to manage your own cyber risks, but this doesn’t matter if there are undiscovered vulnerabilities in your supply chain. Organisations need to audit the cyber security of suppliers at several stages of their relationship; you may benefit from specialist cyber security support if you can’t do this in-house. Ask hard questions and consider advising your suppliers that if their cyber security is not enough then you may take your business elsewhere. Many businesses now require suppliers to be certified to schemes such as ISO 27001; demonstrating your security posture to your customers is an important ticket to trade.

https://www.thetimes.co.uk/article/how-much-of-a-cybersecurity-risk-are-my-suppliers-mqbwcf7p2

• 90% of £5m+ Businesses Hit by Cyber Attacks

A study from Forbes found that 57% of small and medium-sized enterprises had suffered an online attack. Businesses with an annual turnover in excess of £5 million were even more likely to experience a cyber crime with the figure rising to nearly 90% of firms of this size suffering a cyber attack. To make matters worse, the study found that a significant proportion of British businesses are without any form of protection against online attacks.

https://www.itsecurityguru.org/2023/03/13/nine-in-10-5m-businesses-hit-by-cyber-attacks/

• Rushed Cloud Migrations Result in Escalating Technical Debt

A cloud service provider found 83% of CIO’s are feeling pressured to stretch their budgets even further than before. 72% of CIOs admitted that they are behind in their digital transformation because of technical debt and 38% believed the accumulation of this debt is largely because of rushed cloud migrations. Respondents believed these rushed migrations caused for miscalculations in the cloud budget, which resulted in significant overspend.

https://www.helpnetsecurity.com/2023/03/16/managing-cloud-costs/

• Microsoft: 17 European Nations Targeted by Russia in 2023 as Espionage Ramping Up

According to an intelligence report from Microsoft, Russia has been ramping up its cyber espionage operations and this now includes 17 European nations. Of all 74 countries targeted, the UK ranked third, after the US and Poland.

https://www.securityweek.com/microsoft-17-european-nations-targeted-by-russia-in-2023-as-espionage-ramping-up/

• Microsoft Warns of Large-Scale Use of Phishing Kits

Microsoft have found that phishing kits are being purchased and used to perform millions of phishing emails every day. In their report, Microsoft found the availability of purchasing such phishing kits was part of the industrialisation of the cyber criminal economy and lowered the barrier of entry for cyber crime. Microsoft identified phishing kits which had the capability to bypass multi factor authentication selling for as little as $300. The emergence of AI is only going to compound this.

https://thehackernews.com/2023/03/microsoft-warns-of-large-scale-use-of.html

• BEC Volumes Double on Phishing Surge

The number of Business Email Compromise (BEC) incidents doubled last year according to security provider Secureworks. In their report, they found that the main initial access vectors for BEC were phishing and systems with known vulnerabilities, with each accounting for a third of initial accesses.

https://www.infosecurity-magazine.com/news/bec-volumes-double-on-phishing/

• The Risk of Pasting Confidential Company Data in ChatGPT

Researchers analysed the use of artificial intelligence tool ChatGPT and found that 4.9% of employees have provided company data to the tool; ChatGPT builds its knowledge on this and in turn, this knowledge is shared publicly. The risk is serious, with employees putting their organisation at risk of leaking sensitive and confidential information. The research found that 0.9% of employees are responsible for 80% of leaks caused by pasting company data into ChatGPT and this number is expected to rise.

https://securityaffairs.com/143394/security/company-data-chatgpt-risks.html

• Ransomware Attacks have Entered a Heinous New Phase

With an increasing amount of victims refusing to pay, cyber criminal gangs are now resorting to new techniques; this includes the recent release of stolen naked photos of cancer patients and sensitive student records. Where encryption and a demand for payment were previously the de facto method for cyber criminals, this has now shifted to pure exfiltration. In a report, the FBI highlighted evolving and increasingly aggressive extortion behaviour, with actors increasingly threatening to release stolen data.

https://www.wired.com/story/ransomware-tactics-cancer-photos-student-records/

• MI5 Launches New Agency to Tackle State-Backed Attacks

British intelligence agency MI5 have announced the creation of the National Protective Security Authority (NPSA), created as part of a major review of government defences. The NPSA is to operate out of MI5 and absorb and extend the responsibilities for the protection of national infrastructure. The NPSA will work with existing agencies such as the National Cyber Security Centre (NCSC) and the Counter Terrorism Security Office (CTSO) to provide defensive advice to UK organisations.

https://www.infosecurity-magazine.com/news/mi5-new-agency-tackle-statebacked/

• Why Cyber Awareness Training is an Ongoing Process

A survey conducted by Hornetsecurity found that 80% of respondents believed remote working introduced extra cyber security risks and 75% were aware that personal devices are used to access sensitive data, fuelling the need for employees to be cyber aware. Where IT security training is only undertaken once, for example in block training, it is likely that participants will have forgotten a lot of the content after as little as a week; this means that for organisations to get the most out of training, they need to conduct frequent awareness training. By conducting frequent training there is more chance of trainees retaining the training content and allowing the organisation to shape a culture of cyber security.

https://www.hornetsecurity.com/en/security-information/why-cyber-awareness-training-is-an-ongoing-process/

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Threats

Ransomware, Extortion and Destructive Attacks

• BianLian Ransomware Pivots From Encryption to Pure Data-Theft Extortion (darkreading.com)

• The changing face of ransomware attacks (pandasecurity.com)

• Rise of Ransomware Attacks Main Focus for SOCs, research finds - IT Security Guru

• 'Vile' Gang Duo Breaches Police Database, Impersonates Officers in Extortion Gambit (darkreading.com)

• FBI: Ransomware hit 860 critical infrastructure orgs in 2022 (bleepingcomputer.com)

• Microsoft fixes Windows zero-day exploited in ransomware attacks (bleepingcomputer.com)

• Clop ransomware gang begins extorting GoAnywhere zero-day victims (bleepingcomputer.com)

• Staples-owned Essendant facing multi-day "outage," orders frozen (bleepingcomputer.com)

• CISA now warns critical infrastructure of ransomware-vulnerable devices (bleepingcomputer.com)

• LockBit Ransomware gang claims to have stolen SpaceX confidential data from Maximum Industries- - Security Affairs

• Dissecting the malicious arsenal of the Makop ransomware gang- - Security Affairs

• The Prolificacy of LockBit Ransomware (thehackernews.com)

• Blackbaud agrees to pay $3m to settle SEC ransomware probe • The Register

• CatB Ransomware | File Locker Sharpens Its Claws to Steal Data with MSDTC Service DLL Hijacking - SentinelOne

• Ransomware Gang Claims It Hacked Amazon's Ring (gizmodo.com)

• 5 Reasons MSSP Clients Need Strong AppSec Strategies to Thwart Ransomware - MSSP Alert

• Dish customers kept in the dark as ransomware fallout continues | TechCrunch

• Cancer patient sues hospital over stolen naked photos • The Register

• ChipMixer platform seized for laundering ransomware payments, drug sales (bleepingcomputer.com)

• Lawyers suspect Arnold Clark hackers have now leaked 45GB of personal data on dark web – Car Dealer Magazine

• Kaspersky Updates Decryption Tool for Conti Ransomware - MSSP Alert

• Conti-based ransomware ‘MeowCorp’ gets free decryptor (bleepingcomputer.com)

• Universities and colleges cope silently with ransomware attacks | CSO Online

Phishing & Email Based Attacks

• Top 50 most impersonated brands in phishing attacks and new tools you can use to protect your employees from them (cloudflare.com)

• Microsoft Warns of Large-Scale Use of Phishing Kits to Send Millions of Emails Daily (thehackernews.com)

• Software for sale is fueling a torrent of phishing attacks that bypass MFA | Ars Technica

• Cyber criminals Devising More Tactics For Phishing Attacks (informationsecuritybuzz.com)

• 6 reasons why your anti-phishing strategy isn’t working | CSO Online

• Cyberthreat On New Email By Exotic Lily (informationsecuritybuzz.com)

• Botnet that knows your name and quotes your email is back with new tricks | Ars Technica

• Analysts Spot a Wave of SVB-Related Cyber Fraud Striking the Business Sector (darkreading.com)

• How two-step phishing attacks evade detection and what you can do about it - Help Net Security

• Humans Still More Effective Than ChatGPT at Phishing - Infosecurity Magazine (infosecurity-magazine.com)

BEC – Business Email Compromise

• Pig Butchering & Investment Scams: The $3B Cyber crime Threat Overtaking BEC (darkreading.com)

• Organizations need to re-examine their approach to BEC protection - Help Net Security

• BEC Volumes Double on Phishing Surge - Infosecurity Magazine (infosecurity-magazine.com)

2FA/MFA

• When Partial Protection is Zero Protection: The MFA Blind Spots No One Talks About (thehackernews.com)

• Outlook app to get built-in Microsoft 365 MFA on Android, iOS (bleepingcomputer.com)

• Software for sale is fuelling a torrent of phishing attacks that bypass MFA | Ars Technica

Malware

• SpyCloud Report: Malware Infections the Most Prolific & Persistent Threat to Businesses | Business Wire

• Microsoft OneNote to get enhanced security after recent malware abuse (bleepingcomputer.com)

• New Version of Prometei Botnet Infects Over 10,000 Systems Worldwide (thehackernews.com)

• Malware Targets People Looking to Pirate Oscar-Nominated Films (darkreading.com)

• Law enforcement seized the website selling the NetWire RAT- - Security Affairs

• BATLOADER Malware Uses Google Ads to Deliver Vidar Stealer and Ursnif Payloads (thehackernews.com)

• KamiKakaBot Malware Used in Latest Dark Pink APT Attacks on Southeast Asian Targets (thehackernews.com)

• Warning: AI-generated YouTube Video Tutorials Spreading Infostealer Malware (thehackernews.com)

• Emotet attempts to sell access after infiltrating high-value networks | SC Media (scmagazine.com)

• What is Zeus Trojan Malware? - CrowdStrike

• Emotet, QSnatch Malware Dominate Malicious DNS Traffic (darkreading.com)

• Winter Vivern APT hackers use fake antivirus scans to install malware (bleepingcomputer.com)

• Chinese and Russian Hackers Using SILKLOADER Malware to Evade Detection (thehackernews.com)

• New malware sample of defunct TeamTNT threat group raises concerns | SC Media (scmagazine.com)

• Adobe Acrobat Sign abused to push Redline info-stealing malware (bleepingcomputer.com)

• Tracking the global spread of malware - Help Net Security

Mobile

• Xenomorph Android malware now steals data from 400 banks (bleepingcomputer.com)

• GoatRAT Android Banking Trojan Targets Mobile Automated Payment System (darkreading.com)

• WhatsApp Tells UK Government It’s Still Not Willing To Undermine Its Encryption | Techdirt

• Convincing Twitter 'quote tweet' phone scam targets bank customers (bleepingcomputer.com)

• Google Warns Samsung and Pixel Phone Owners About 18 Dire Exploits - CNET

• FakeCalls Android malware returns with new ways to hide on phones (bleepingcomputer.com)

Botnets

• New Version of Prometei Botnet Infects Over 10,000 Systems Worldwide (thehackernews.com)

• Botnet that knows your name and quotes your email is back with new tricks | Ars Technica

Denial of Service/DoS/DDOS

• Record Breaking DDoS Attack - 158.2 Million Packets Per Second (gbhackers.com)

Internet of Things – IoT

• Researchers Uncover Over a Dozen Security Flaws in Akuvox E11 Smart Intercom (thehackernews.com)

• Tesla App Lets Man Accidentally Steal Model 3 That Wasn't His (gizmodo.com)

Data Breaches/Leaks

• Negative Impacts of Data Loss and How to Avoid Them - MSSP Alert

• Mental health provider Cerebral alerts 3.1M people of data breach (bleepingcomputer.com)

• BMW exposes data of clients in Italy, experts warn- - Security Affairs

• Acronis states that only one customer's account was compromised- - Security Affairs

• Security giant Rubrik says hackers used Fortra zero-day to steal internal data | TechCrunch

• Key aerospace player leaks sensitive data | Cybernews

• Hundreds of thousands of customer records stolen from lender Latitude in cyber-attack | Business | The Guardian

• 'Vile' Gang Duo Breaches Police Database, Impersonates Officers in Extortion Gambit (darkreading.com)

• LA Housing Authority Suffers Year-Long Breach - Infosecurity Magazine (infosecurity-magazine.com)

• Hacker selling data allegedly stolen in US Marshals Service hack (bleepingcomputer.com)

• Cryptojacking Group TeamTNT Suspected of Using Decoy Miner to Conceal Data Exfiltration (thehackernews.com)

Organised Crime & Criminal Actors

• Cyber crime Losses Exceeded $10 Billion in 2022: FBI - SecurityWeek

• Nine In 10 £5m+ Businesses Hit By Cyber Attacks - IT Security Guru

• CISA: Federal civilian agency hacked by nation-state and criminal hacking groups | CyberScoop

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• FBI Warns of Crypto-Stealing Play-to-Earn Games - Infosecurity Magazine (infosecurity-magazine.com)

• Massive vulnerabilities revealed at Dogecoin, Litecoin, Zcash | Fortune Crypto

• UK Crypto Firm Loses $200m in Cyber-Attack - Infosecurity Magazine (infosecurity-magazine.com)

• One of the darkweb’s largest cryptocurrency laundromats washed out | Europol (europa.eu)

• UK Bank Limits Crypto Payments to Smother Fraud - Infosecurity Magazine (infosecurity-magazine.com)

• Phishing Campaigns Use SVB Collapse to Harvest Crypto - Infosecurity Magazine (infosecurity-magazine.com)

• Cryptojacking Group TeamTNT Suspected of Using Decoy Miner to Conceal Data Exfiltration (thehackernews.com)

• CrowdStrike discovered the first-ever Dero crypto mining campaign- - Security Affairs

• Claim: FTX leaders helped themselves to $3.2B in cash • The Register

• Feds charge exiled Chinese billionaire over crypto fraud • The Register

Insider Risk and Insider Threats

• Future-Proofing Your Business Against Insider Threats (informationsecuritybuzz.com)

Fraud, Scams & Financial Crime

• ‘Pig Butchering’ Scams Are Now a $3 Billion Threat | WIRED

• Cyber crime Losses Exceeded $10 Billion in 2022: FBI - SecurityWeek

• Investment Fraud is Now Biggest Cyber crime Earner - Infosecurity Magazine (infosecurity-magazine.com)

• Nine In 10 £5m+ Businesses Hit By Cyber Attacks - IT Security Guru

• ChatGPT fraud is on the rise: Here's what to watch out for | ZDNET

• Analysts Spot a Wave of SVB-Related Cyber Fraud Striking the Business Sector (darkreading.com)

• The SVB demise is a fraudster's paradise, so take precautions - Help Net Security

• Fighting financial fraud through fusion centers - Help Net Security

• UK Crypto Firm Loses $200m in Cyber-Attack - Infosecurity Magazine (infosecurity-magazine.com)

• UK Bank Limits Crypto Payments to Smother Fraud - Infosecurity Magazine (infosecurity-magazine.com)

• Convincing Twitter 'quote tweet' phone scam targets bank customers (bleepingcomputer.com)

• Claim: FTX leaders helped themselves to $3.2B in cash • The Register

• Feds charge exiled Chinese billionaire over crypto fraud • The Register

Impersonation Attacks

• 'Vile' Gang Duo Breaches Police Database, Impersonates Officers in Extortion Gambit (darkreading.com)

Deepfakes

• Deepfakes, Synthetic Media: How Digital Propaganda Undermines Trust (darkreading.com)

AML/CFT/Sanctions

• One of the darkweb’s largest cryptocurrency laundromats washed out | Europol (europa.eu)

• Russia’s Cyber security Companies Shrug Off Sanctions - CEPA

Dark Web

• One of the darkweb’s largest cryptocurrency laundromats washed out | Europol (europa.eu)

Supply Chain and Third Parties

• Top 10 operational risks: focus on third-party risk - Risk.net

• How much of a cyber security risk are my suppliers? (thetimes.co.uk)

Software Supply Chain

• We can't wait for SBOMs to be demanded by regulation - Help Net Security

• Best practices for securing the software application supply chain - Help Net Security

• Addressing Software Supply Chain Security - DevOps.com

Cloud/SaaS

• Rushed cloud migrations result in escalating technical debt - Help Net Security

• CrowdStrike report shows identities under siege, cloud data theft up | VentureBeat

• How to Apply NIST Principles to SaaS in 2023 (thehackernews.com)

Hybrid/Remote Working

• Orgs Have a Long Way to Go in Securing Remote Workforce (darkreading.com)

Attack Surface Management

• Access Control Gap in Microsoft Active Directory Widens Enterprise Attack Surface (darkreading.com)

Identity and Access Management

• Access Control Gap in Microsoft Active Directory Widens Enterprise Attack Surface (darkreading.com)

• Navigating the future of digital identity - Help Net Security

Encryption

• Google Proposes Reducing TLS Cert Life Span to 90 Days (darkreading.com)

• WhatsApp Tells UK Government It’s Still Not Willing To Undermine Its Encryption | Techdirt

Passwords, Credential Stuffing & Brute Force Attacks

• Poor Passwords Still Weakest Link Hackers Seek, Report Reveals - MSSP Alert

• Study: Over 721 million passwords were leaked in 2022 - Neowin

• Understanding password behavior key to developing stronger cyber security protocols - Help Net Security

Social Media

• UK bans TikTok from government mobile phones | TikTok | The Guardian

• Spies, lies and influenced children: What TikTok must overcome to show us it can be trusted (telegraph.co.uk)

• Convincing Twitter 'quote tweet' phone scam targets bank customers (bleepingcomputer.com)

Malvertising

• BATLOADER Malware Uses Google Ads to Deliver Vidar Stealer and Ursnif Payloads (thehackernews.com)

Training, Education and Awareness

• Forgetting Curve according to Dr Ebbinghaus: Why cyber awareness training is an ongoing process - Hornetsecurity

Regulations, Fines and Legislation

• UK's New Privacy Bill Could Mean More Work for Firms - Infosecurity Magazine (infosecurity-magazine.com)

• SEC Charges Software Company Blackbaud Inc. for Misleading Disclosures About Ransomware Attack That Impacted Charitable Donors (databreaches.net)

• When and how to report a breach to the SEC | CSO Online

• WhatsApp Tells UK Government It’s Still Not Willing To Undermine Its Encryption | Techdirt

• The US cyber security strategy won’t address today’s threats with regulation alone | CyberScoop

Governance, Risk and Compliance

• Make Sure Your Cyber security Budget Stays Flexible (darkreading.com)

• Getting cyber security right requires a change of mindset | The Strategist (aspistrategist.org.au)

• UK's New Privacy Bill Could Mean More Work for Firms - Infosecurity Magazine (infosecurity-magazine.com)

• 6 principles for building engaged security governance | TechTarget

Models, Frameworks and Standards

• How to Apply NIST Principles to SaaS in 2023 (thehackernews.com)

• Meet Data Privacy Mandates With Cyber security Frameworks (darkreading.com)

Data Protection

• Consumers Believe Vendors Don't Adequately Protect Their Personal Data, Report Finds - MSSP Alert

Law Enforcement Action and Take Downs

• International authorities bring NetWire's malware infrastructure to a standstill | TechSpot

• One of the darkweb’s largest cryptocurrency laundromats washed out | Europol (europa.eu)

Privacy, Surveillance and Mass Monitoring

• German states rethink reliance on Palantir technology | Financial Times (ft.com)

• Consumers Believe Vendors Don't Adequately Protect Their Personal Data, Report Finds - MSSP Alert

• Meet Data Privacy Mandates With Cyber security Frameworks (darkreading.com)

Artificial Intelligence

• Warning: AI-generated YouTube Video Tutorials Spreading Infostealer Malware (thehackernews.com)

• How to stop AI waging war on humans (thetimes.co.uk)

• ChatGPT and the Growing Threat of Bring Your Own AI to the SOC - SecurityWeek

• How Businesses Can Get Ready for AI-Powered Security Threats (darkreading.com)

• Humans Still More Effective Than ChatGPT at Phishing - Infosecurity Magazine (infosecurity-magazine.com)

• UK spy agency warns of security threat from ChatGPT and rival chatbots | Metro News

• Why red team exercises for AI should be on a CISO's radar | CSO Online

• GPT-4 Can’t Stop Helping Hackers Make Cyber criminal Tools (forbes.com)

Misinformation, Disinformation and Propaganda

• Deepfakes, Synthetic Media: How Digital Propaganda Undermines Trust (darkreading.com)

• Russia disinformation looks to US far right to weaken Ukraine support | Russia | The Guardian

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

• Microsoft: Russian hackers may be readying new wave of destructive attacks | CyberScoop

• UK bans TikTok from government mobile phones | TikTok | The Guardian

• Microsoft: 17 European Nations Targeted by Russia in 2023 as Espionage Ramping Up - SecurityWeek

• UK’s Royal Navy, Ukraine Jointly Repel Simulated, Russian Cyber attack on National Infrastructure - MSSP Alert

• Russians told to rush to nuclear bomb shelters after hackers take over state media (telegraph.co.uk)

• Remcos Trojan Linked to Cyber Espionage Operations Against Ukrainian Government - MSSP Alert

• YoroTrooper cyber spies target CIS energy orgs, EU embassies (bleepingcomputer.com)

• China sought control of telecoms to spy on Micronesia • The Register

• Russia disinformation looks to US far right to weaken Ukraine support | Russia | The Guardian

• This Is the New Leader of Russia's Infamous Sandworm Hacking Unit | WIRED

• Russia’s Cyber security Companies Shrug Off Sanctions - CEPA

• Polish intelligence dismantled a network of Russian spies- Security Affairs

• Microsoft sheds light on a year of Russian hybrid warfare in Ukraine- Security Affairs

• Wave of Stealthy China Cyber attacks Hits US., Private Networks, Google Says - WSJ

• Russian hackers plotting another cyber attack against Ukraine - Microsoft (ukrinform.net)

• Here's how Chinese spies exploited a critical Fortinet bug • The Register

Nation State Actors

• MI5 Launches New Agency to Tackle State-Backed Attacks - Infosecurity Magazine (infosecurity-magazine.com)

• UK bans TikTok from government mobile phones | TikTok | The Guardian

• North Korean hackers used polished LinkedIn profiles to target security researchers | CyberScoop

• A new Chinese era: security and control | Financial Times (ft.com)

• Russians told to rush to nuclear bomb shelters after hackers take over state media (telegraph.co.uk)

• Attacks on SonicWall appliances linked to Chinese campaign: Mandiant | CSO Online

• Remcos Trojan Linked to Cyber Espionage Operations Against Ukrainian Government - MSSP Alert

• The slow Tick‑ing time bomb: Tick APT group compromise of a DLP software developer in East Asia | WeLiveSecurity

• Microsoft fixes Outlook zero-day used by Russian hackers since April 2022 (bleepingcomputer.com)

• China sought control of telecoms to spy on Micronesia • The Register

• CISA: Federal civilian agency hacked by nation-state and criminal hacking groups | CyberScoop

• APT29 abuses EU information exchange systems in recent attacks- Security Affairs

• Chinese and Russian Hackers Using SILKLOADER Malware to Evade Detection (thehackernews.com)

• Russia disinformation looks to US far right to weaken Ukraine support | Russia | The Guardian

• This Is the New Leader of Russia's Infamous Sandworm Hacking Unit | WIRED

• Russia’s Cyber security Companies Shrug Off Sanctions - CEPA

• Microsoft sheds light on a year of Russian hybrid warfare in Ukraine- Security Affairs

• Wave of Stealthy China Cyber attacks Hits US., Private Networks, Google Says - WSJ

• Russian hackers plotting another cyber attack against Ukraine - Microsoft (ukrinform.net)

• Here's how Chinese spies exploited a critical Fortinet bug • The Register

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Vulnerabilities

• Critical Microsoft Outlook/365 bug CVE-2023-23397 under attack (thestack.technology)

• Critical Microsoft Outlook bug PoC shows how easy it is to exploit (bleepingcomputer.com)

• Microsoft fixes Outlook zero-day used by Russian hackers since April 2022 (bleepingcomputer.com)

• Microsoft and Fortinet fix bugs under active exploit • The Register

• CISA warns of actively exploited Plex bug after LastPass breach (bleepingcomputer.com)

• Cisco fixed CVE-2023-20049 DoS flaw affecting enterprise routers- Security Affairs

• Massive vulnerabilities revealed at Dogecoin, Litecoin, Zcash | Fortune Crypto

• SAP releases security updates fixing five critical vulnerabilities (bleepingcomputer.com)

• Adobe Warns of ‘Very Limited Attacks’ Exploiting ColdFusion Zero-Day - SecurityWeek

• Microsoft fixes Windows zero-day exploited in ransomware attacks (bleepingcomputer.com)

• Microsoft March 2023 Patch Tuesday fixes 2 zero-days, 83 flaws (bleepingcomputer.com)

• Firefox 111 patches 11 holes, but not 1 zero-day among them… – Naked Security (sophos.com)

• Microsoft Pins Outlook Zero-Day Attacks on Russian Actor, Offers Detection Script - SecurityWeek

• Cyber attackers Continue Assault Against Fortinet Devices (darkreading.com)

• Security firm Rubrik is latest to be felled by GoAnywhere vulnerability | Ars Technica

• Google Warns Samsung and Pixel Phone Owners About 18 Dire Exploits - CNET

• Microsoft shares script to fix WinRE BitLocker bypass flaw (bleepingcomputer.com)

• Here's how Chinese spies exploited a critical Fortinet bug • The Register

• Bitwarden's password manager browser extension has a known exploit it hasn't addressed in five years | TechSpot

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Tools and Controls

• Make Sure Your Cyber security Budget Stays Flexible (darkreading.com)

• What Is a Stateful Inspection Firewall? Ultimate Guide (enterprisestorageforum.com)

• When Partial Protection is Zero Protection: The MFA Blind Spots No One Talks About (thehackernews.com)

• Set up PowerShell script block logging for added security | TechTarget

• Brazil seizing Flipper Zero shipments to prevent use in crime (bleepingcomputer.com)

• Outlook app to get built-in Microsoft 365 MFA on Android, iOS (bleepingcomputer.com)

• 5 Reasons MSSP Clients Need Strong AppSec Strategies to Thwart Ransomware - MSSP Alert

• 5 Steps to Effective Cloud Detection and Response  - The New Stack

• Virtual patching: Cut time to patch from 250 days to (helpnetsecurity.com)

• ChatGPT may be a bigger cyber security risk than an actual benefit (bleepingcomputer.com)

• Change Is Coming to the Network Detection and Response (NDR) Market (darkreading.com)

• Rise of Ransomware Attacks Main Focus for SOCs, research finds - IT Security Guru

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Other News

• CASPER attack steals data using air-gapped computer's internal speaker (bleepingcomputer.com)

• US govt web server attacked by 'multiple' criminal gangs • The Register

• Security firm Rubrik is latest to be felled by GoAnywhere vulnerability | Ars Technica

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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

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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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 17 February 2023

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

• High Risk Users May be Few, but the Threat They Pose is Huge

High risk users represent approximately 10% of the worker population according to research provider, Elevate Security research. The research found that high risk users were responsible for 41% of all simulated phishing clicks, 30% of all real-world phishing clicks, 54% of all secure-browsing incidents and 42% of all malware events. This is worrying, considering the rise in sophisticated targeted phishing campaigns.

https://www.helpnetsecurity.com/2023/02/16/high-risk-behavior/

• The Cost of Cyber Security Insurance is Soaring so Firms Need to Take Prevention More Seriously

State-backed cyber attacks are on the rise, but they are not raising the level of alarm that they should in the corporate world. Unfortunately, this is not a productive way of thinking. Come the end of March, insurance provider Lloyds will no longer cover damage from cyber attacks carried out by state or state-backed groups. In the worst cases, this reduced insurance coverage could exacerbate the trend of companies taking a passive approach toward state-backed attacks as they feel there is now really nothing they can do to protect themselves. The uncertainty however, could be the motivation for companies to take the threat of state-backed attacks more seriously.

https://fortune.com/2023/02/15/cost-cybersecurity-insurance-soaring-state-backed-attacks-cover-shmulik-yehezkel/

• Cyber Attacks Worldwide Increased to an All-Time Record-Breaking High, Report Shows

According to a report by security provider Check Point, cyber attacks rose 38% in 2022 compared to the previous year. Some of the key trends in the report included an increase in the number of cloud-based networking attacks, with a 48% rise and non-state affiliated hacktivist groups becoming more organised and effective than ever before. Additionally, ransomware is becoming more difficult to attribute and track and extra focus should be placed on exfiltration detection.

https://www.msspalert.com/cybersecurity-research/cyberattacks-worldwide-increased-to-an-all-time-high-check-point-research-reveals/

• Most Organisations Make Cyber Security Decisions Without Insights

A report by security provider Mandiant found some worrying results when it came to organisational understanding of threat actors. Some of the key findings include, 79% of respondents stating that most of their cyber security decisions are made without insight into the treat actors targeting them, 79% believing their organisation could focus more time and energy on identifying critical security trends, 67% believing senior leadership teams underestimate the cyber threats posed to their organisation and finally, 47% of respondents felt that they could not prove to senior leadership that their organisation has a highly effective cyber security program.

https://www.msspalert.com/cybersecurity-research/mandiant-report-most-organizations-make-cybersecurity-decisions-without-insights/

• Ransomware Attackers Finding New Ways to Weaponise Old Vulnerabilities

Ransomware attackers are finding new ways to exploit organisations’ security weaknesses by weaponising old vulnerabilities.  A report by security provider Cyber Security Works had found that 76% of the vulnerabilities currently being exploited were first discovered between 2010-2019.

https://venturebeat.com/security/ransomware-attackers-finding-new-ways-to-weaponize-old-vulnerabilities/

• Are Executives Fluent in IT Security Speak? 5 Reasons Why the Communication Gap is Wider Than You Think

Using data from two different reports conducted by security provider Kaspersky, the combined data showed some worrying results. Some of the results include 98% of respondents revealing they faced at least one IT security miscommunication that regularly leads to bad consequences, 62% of managers revealing miscommunication led to at least one cyber security incident, 42% of business leaders wanting their IT security team to better communicate and 34% of C-level executives struggle to speak about adopting new security solutions.

https://www.msspalert.com/cybersecurity-research/are-c-suite-executives-fluent-in-it-security-speak-five-reasons-why-the-communication-gap-is-wider-than-you-think/

• Business Email Compromise Groups Target Firms with Multilingual Impersonation Attacks

Security providers Abnormal Security have identified two Business Email Compromise (BEC) groups “Midnight Hedgehog” and “Mandarin Capybara” which are conducting impersonation attacks in at least 13 different languages. Like many payment fraud attacks, finance managers or other executives are often targeted. In a separate report by Abnormal Security, it was found that business email compromise (BEC) attacks increased by more than 81% during 2022.

https://www.infosecurity-magazine.com/news/bec-groups-multilingual/

• EU Countries Told to Step up Defence Against State Hackers

European states have raced to protect their energy infrastructure from physical attacks but the European Systemic Risk Board (ESRB) said more needed to be done against cyber warfare against financial institutions and the telecommunications networks and power grids they rely on. "The war in Ukraine, the broader geopolitical landscape and the increasing use of cyber attacks have significantly heightened the cyber threat environment," the ESRB said in a report. In addition, the ESRB highlight an increased risk of cyber attacks on the EU financial system, suggesting that stress tests and impact analyses should be carried out to identify weaknesses and measure resilience.

https://www.reuters.com/world/europe/eu-countries-told-step-up-defence-against-state-hackers-2023-02-14/

• Cyber Criminals Exploit Fear and Urgency to Trick Consumers

Threats using social engineering to steal money, such as refund and invoice fraud and tech support scams, increased during Q4 of 2022 according to a report by software provider Avast. “At the end of 2022, we have seen an increase in human-centred threats, such as scams tricking people into thinking their computer is infected, or that they have been charged for goods they didn’t order. It’s human nature to react to urgency, fear and try to regain control of issues, and that’s where cyber criminals succeed” Avast commented.

https://www.helpnetsecurity.com/2023/02/13/cybercriminals-exploit-fear-urgency-trick-consumers/

• How to Manage Third Party and Supply Chain Cyber Security Risks that are Too Costly to Ignore

Many organisations have experienced that “after the breach” feeling — the moment they realise they have to tell customers their personal information may have been compromised because one of the organisations’ vendors had a data breach. Such situations involve spending significant amount of money and time to fix a problem caused by a third party. An organisation’s ability to handle third-party cyber risk proactively depends on its risk management strategies.

https://techcrunch.com/2023/02/10/why-third-party-cybersecurity-risks-are-too-costly-to-ignore/

• Russian Spear Phishing Campaign Escalates Efforts Towards Critical UK, US and European Targets

Following the advisory from the NCSC, it is clear that Russian state-sponsored hackers have become increasingly sophisticated at launching phishing attacks against critical targets in the UK, US and Europe over the last 12 months. The attacks included the creation of fake personas, supported by social media accounts, fake profiles and academic papers, to lure targets into replying to sophisticated phishing emails. In some cases, the bad actor may never leverage the account to send emails from and only use it to make decisions based on intelligence collection.

https://www.computerweekly.com/news/365531158/Russian-spear-phishing-campaign-escalates-efforts-toward-critical-UK-US-and-European-targets

• 5 Biggest Risks of Using Third Party Managed Service Providers

As business processes become more complex, companies are turning to third parties to boost their ability to provide critical services from cloud storage to data management to security. It’s often more efficient and less expensive to contract out work. But it does present risks. 5 of the biggest risks to be considered are: indirect cyber attacks, financial risks from incident costs, reputational damage, geopolitical risk and regulatory compliance risk.

https://www.csoonline.com/article/3687812/5-major-risks-third-party-services-may-bring-along-with-them.html#tk.rss_news

• Cyber Crime as a Service: A Subscription Based Model in the Wrong Hands

Arguably nothing in tech has changes the landscape more than ‘as a Service’ offerings, the subscription-based IT service delivery model, in fact, the ‘as a Service’ offering has made its way into the cyber crime landscape. And cyber crime, for its part, has evolved beyond a nefarious hobby; today it’s a means of earning for cyber criminals. Organised cyber crime services are available for hire, particularly to those lacking resources and hacking expertise but willing to buy their way into cyber criminal activities. Underground cyber crime markets have thus emerged, selling cyber attack tools and services ranging from malware injection to botnet tools, Denial of Service and targeted spyware services.

https://www.splunk.com/en_us/blog/learn/cybercrime-as-a-service.html

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Threats

Ransomware, Extortion and Destructive Attacks

• Ransomware attackers finding new ways to weaponize old vulnerabilities | VentureBeat

• US, UK slap sanctions on Russians linked to Conti and more • The Register

• Threat Analysis: VMware ESXi Attacks Soared in 2022 - Infosecurity Magazine (infosecurity-magazine.com)

• Clop ransomware claims it breached 130 orgs using GoAnywhere zero-day (bleepingcomputer.com)

• Members of Russian cyber crime network unmasked by US and UK authorities - The Verge

• December ransomware attack leads to massive data breach from California health network - The Record from Recorded Future News

• Over 500 ESXiArgs Ransomware infections in one day in Europe-Security Affairs

• New ESXi ransomware strain spreads, foils decryption tools | TechTarget

• Russian Government evaluates the immunity to hackers acting in the interests of Russia-Security Affairs

• North Korea Using Healthcare Ransomware To Fund More Hacking (informationsecuritybuzz.com)

• DPRK fund malicious cyber activities with ransomware attacks on critical Infrastructure-Security Affairs

• US Warns Critical Sectors Against North Korean Ransomware Attacks - Infosecurity Magazine (infosecurity-magazine.com)

• Cisco Talos spots new MortalKombat ransomware attacks | TechTarget

• Ion: after the hack, the clean-up - Risk.net

• Hackers Target Israel’s Technion Demanding Huge Sum In Bitcoin - I24NEWS

• City of Oakland systems offline after ransomware attack (bleepingcomputer.com)

• MTU cyber breach: Probe after ransomware attacks 'like a murder investigation' (irishexaminer.com)

• MTU data appears on dark web after cyber attack – The Irish Times

• Oakland City Services Struggle to Recover From Ransomware Attack (darkreading.com)

• LockBit spree hits three large companies (techmonitor.ai)

• Ransomware gang uses new zero-day to steal data on 1 million patients | TechCrunch

• City of Oakland issued state of emergency after ransomware attack-Security Affairs

• Glasgow Arnold Clark customers at risk after major cyber attack | HeraldScotland

• LockBit and Royal Mail Ransomware Negotiation Leaked - Infosecurity Magazine (infosecurity-magazine.com)

• No relief in sight for ransomware attacks on hospitals | TechTarget

• Burton Snowboards cancels online orders after 'cyber incident' (bleepingcomputer.com)

• Dallas Central Appraisal District paid $170,000 to ransomware attackers (bitdefender.com)

Phishing & Email Based Attacks

• Russian spear phishing campaign escalates efforts toward critical UK, US and European targets | Computer Weekly

• NameCheap's email hacked to send Metamask, DHL phishing emails (bleepingcomputer.com)

• Cyber criminals target fans of The Last of Us with recent malware and phishing scams - IT Security GuruCyber

• Venmo Phishing Abusing LinkedIn "slink"

• Spain, US dismantle phishing gang that stole $5 million in a year (bleepingcomputer.com)

BEC – Business Email Compromise

• BEC Groups Target Firms With Multilingual Impersonation Attacks - Infosecurity Magazine (infosecurity-magazine.com)

2FA/MFA

• Reddit Hack Shows Limits of MFA, Strengths of Security Training (darkreading.com)

Malware

• Experts Warn of Surge in Multipurpose Malware - Infosecurity Magazine (infosecurity-magazine.com)

• Malicious Npm Package Uses Typosquatting, Downloads Malware - Infosecurity Magazine (infosecurity-magazine.com)

• Microsoft OneNote Abuse for Malware Delivery Surges - Security Week

• New TA886 group targets companies with Screenshotter malware-Security Affairs

• Novel phishing campaign takes screenshots ahead of payload delivery | SC Media (scmagazine.com)

• Great, hackers are now using ChatGPT to generate malware | Digital Trends

• Devs targeted by W4SP Stealer malware in malicious PyPi packages (bleepingcomputer.com)

• Cyber criminals target fans of The Last of Us with recent malware and phishing scams - IT Security Guru

• Researchers Uncover 700+ Malicious Open Source Packages - Infosecurity Magazine (infosecurity-magazine.com)

• Pepsi distributor blames info-stealing malware for breach • The Register

• Malware that can do anything and everything is on the rise - Help Net Security

• Lokibot, AgentTesla Grow in January 2023's Most Wanted Malware List - Infosecurity Magazine (infosecurity-magazine.com)

• New stealthy 'Beep' malware focuses heavily on evading detection (bleepingcomputer.com)

• Thousands of WordPress sites have been infected by a mystery malware | TechRadar

• Beep: New Evasive Malware That Can Escape Under The Radar (informationsecuritybuzz.com)

• Hackers start using Havoc post-exploitation framework in attacks (bleepingcomputer.com)

• Hackers Targeting US and German Firms Monitor Victims' Desktops with Screenshotter (thehackernews.com)

• Malware authors leverage more attack techniques that enable lateral movement | CSO Online

Mobile

• RedEyes hackers use new malware to steal data from Windows, phones (bleepingcomputer.com)

Botnets

• Mirai V3G4 botnet exploits 13 flaws to target IoT devices-Security Affairs

Denial of Service/DoS/DDOS

• Cloudflare blocks record-breaking 71 million RPS DDoS attack (bleepingcomputer.com)

• 87% of largest DDoS attacks in Q4 targeted telecoms: Lumen (fiercetelecom.com)

• The Tor network hit by wave of DDoS attacks for at least 7 months-Security Affairs

Internet of Things – IoT

• Digital burglaries: The threat from your smart home devices | Fox News

• Mirai V3G4 botnet exploits 13 flaws to target IoT devices-Security Affairs

• New Mirai malware variant infects Linux devices to build DDoS botnet (bleepingcomputer.com)

Data Breaches

• MP’s laptop and iPad stolen from pub in 'worrying' security breach | Metro News

• Reddit was hit with a phishing attack. How it responded is a lesson for everyone | ZDNET

• Reddit Hack Shows Limits of MFA, Strengths of Security Training (darkreading.com)

• 4 misconceptions about data exfiltration | VentureBeat

• Highmark data breach affecting about 300,000 members exposed personal information to hackers – WPXI

• Gulp! Pepsi hack sees personal information stolen by data-stealing malware (bitdefender.com)

• Nearly 50 million Americans impacted by health data breaches in 2022 (chiefhealthcareexecutive.com)

• My Password Manager was Hacked! How to Prevent a Catastrophe (bleepingcomputer.com)

• After apparent hack, data from Australian tech giant Atlassian dumped online | CyberScoop

• Atlassian: Leaked Data Stolen via Third-Party App (darkreading.com)

• Health info for 1 million patients stolen using critical GoAnywhere vulnerability | Ars Technica

• Scandinavian Airlines says cyber attack caused passenger data leak (bleepingcomputer.com)

Organised Crime & Criminal Actors

• Russian Government evaluates the immunity to hackers acting in the interests of Russia-Security Affairs

• Cyber crime as a Service: A Subscription-based Model in The Wrong Hands | Splunk

• A Hacker’s Mind — how the elites exploit the system | Financial Times (ft.com)

• Dark Web Revenue Down Dramatically After Hydra's Demise (darkreading.com)

• Russian hacker convicted of $90 million hack-to-trade charges (bleepingcomputer.com)

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• Enigma, Vector, and TgToxic: The New Threats to Cryptocurrency Users (thehackernews.com)

• Lazarus hackers use new mixer to hide $100 million in stolen crypto (bleepingcomputer.com)

• 451 PyPI packages install Chrome extensions to steal crypto (bleepingcomputer.com)

• DeFi exploits and access control hacks cost crypto investors billions in 2022: Report (cointelegraph.com)

• Using the blockchain to prevent data breaches | VentureBeat

• SideWinder APT Spotted Stealing Crypto (darkreading.com)

• Quarter of Crypto Tokens in 2022 Linked to Pump-and-Dump - Infosecurity Magazine (infosecurity-magazine.com)

Insider Risk and Insider Threats

• A former Credit Suisse employee leaked employees' historic bonus data (efinancialcareers.com)

Fraud, Scams & Financial Crime

• Russian IT biz owner made $90M from stolen financial info • The Register

• Refund and Invoice Scams Surge in Q4 - Infosecurity Magazine (infosecurity-magazine.com)

• MoneyGram Fraud Victims Get $115m in Compensation - Infosecurity Magazine (infosecurity-magazine.com)

• 'Pig butchering' scams on the rise, luring victims with promises of relationships and riches | CyberScoop

• Cyber security Experts Warn Against Valentine's Day Romance Scams - Infosecurity Magazine (infosecurity-magazine.com)

• Russian Hackers Disrupt NATO Earthquake Relief Operations (darkreading.com)

• Romance scam targets security researcher, hilarity ensues • The Register

• 10 signs that scammers have you in their sights | WeLiveSecurity

• Hackers Leverage PayPal to Send Malicious Invoices - Infosecurity Magazine (infosecurity-magazine.com)

AML/CFT/Sanctions

• US, UK slap sanctions on Russians linked to Conti and more • The Register

Insurance

• The cost of cyber security insurance is soaring–and state-backed attacks will be harder to cover. It’s time for companies to take threats more seriously | Fortune

Dark Web

• Dark Web Revenue Down Dramatically After Hydra's Demise (darkreading.com)

Supply Chain and Third Parties

• How to manage third-party cyber security risks that are too costly to ignore | TechCrunch

• 5 biggest risks of using third-party services providers | CSO Online

Cloud/SaaS

• Reimagining zero trust for modern SaaS - Help Net Security

• Cloud security: Where do CSP and client responsibilities begin and end? | VentureBeat

• Application and cloud security is a shared responsibility - Help Net Security

Attack Surface Management

• To thwart cyber attacks, enterprises must have visibility of their assets: Sophos CEO - The Hindu BusinessLine

Open Source

• Researchers Uncover 700+ Malicious Open Source Packages - Infosecurity Magazine (infosecurity-magazine.com)

• Configuration Issues in SaltStack IT Tool Put Enterprises at Risk (darkreading.com)

• Solving open-source security — from Alpha to Omega | SC Media (scmagazine.com)

• New Mirai malware variant infects Linux devices to build DDoS botnet (bleepingcomputer.com)

Passwords, Credential Stuffing & Brute Force Attacks

• Eek! You Can Steal Passwords From This Password Manager Using the Notepad App | PCMag

• Eurostar forces 'password resets' — then fails and locks users out (bleepingcomputer.com)

• My Password Manager was Hacked! How to Prevent a Catastrophe (bleepingcomputer.com)

Social Media

• Metaverse Adds New Dimensions to Web 3.0 Cyber security | TechRepublic

• Hard drugs actively sold on Twitter in plain sight. Twitter says it doesn’t breach its safety policies • Graham Cluley

• Elon Musk Seems to Think His Own Employees Are Shadowbanning Him (gizmodo.com)

• Venmo Phishing Abusing LinkedIn "slink"

Malvertising

• AdSense fraud campaign relies on 10,890 sites that were infected since September 2022-Security Affairs

Training, Education and Awareness

• High-risk users may be few, but the threat they pose is huge - Help Net Security

• Reddit Hack Shows Limits of MFA, Strengths of Security Training (darkreading.com)

Regulations, Fines and Legislation

• 5th State of CCPA, CPRA, and GDPR Compliance Report Shows More Than 90% of Companies Are Not Compliant (darkreading.com)

• The Online Safety Bill: An attack on encryption (element.io)

• As regulations skyrocket, is compliance even possible anymore? - Help Net Security

Governance, Risk and Compliance

• Security buyers lack insight into threats, attackers, report finds | Computer Weekly

• Cyber attacks Worldwide Increased to an All-Time High, Check Point Research Reveals - MSSP Alert

• The cost of cyber security insurance is soaring–and state-backed attacks will be harder to cover. It’s time for companies to take threats more seriously | Fortune

• Are C-Suite Executives Fluent in IT Security Speak? Five Reasons Why the Communication Gap is Wider Than You Think - MSSP Alert

• Actionable intelligence is the key to better security outcomes - Help Net Security

• To thwart cyber attacks, enterprises must have visibility of their assets: Sophos CEO - The Hindu BusinessLineT

• Majority of Firms Make Cyber security Decisions Without Attacker Insight - Infosecurity Magazine (infosecurity-magazine.com)

• 5 Ways Security and Compliance Can Break Down Silos to Save Money and Meet Increased Regulations - MSSP Alert

• Build Cyber Resiliency With These Security Threat-Mitigation Considerations (darkreading.com)

• 5th State of CCPA, CPRA, and GDPR Compliance Report Shows More Than 90% of Companies Are Not Compliant (darkreading.com)

• Evolving cyber attacks, alert fatigue creating DFIR burnout, regulatory risk | CSO Online

• Simplify to Survive: How Organisations Can Navigate Cyber-Risk (darkreading.com)Simplify to Survive: How Organisations Can Navigate Cyber-Risk (darkreading.com)

• As regulations skyrocket, is compliance even possible anymore? - Help Net Security

• Storage security for compliance and cyberwar in 2023 • The Register

Backup and Recovery

• A CISOs Practical Guide to Storage and Backup Ransomware Resiliency (thehackernews.com)

Careers, Working in Cyber and Information Security

• Get hired in cyber security: Expert tips for job seekers - Help Net Security

• 3 Ways CISOs Can Lead Effectively and Avoid Burnout (darkreading.com)

• Cyber security Jobs Remain Secure Despite Recession Fears (darkreading.com)

Law Enforcement Action and Take Downs

• Members of Russian cyber crime network unmasked by US and UK authorities - The Verge

• Spain, US dismantle phishing gang that stole $5 million in a year (bleepingcomputer.com)

Privacy, Surveillance and Mass Monitoring

• The FBI’s most controversial surveillance tool is under threat | Ars Technica

Artificial Intelligence

• Russian hackers are trying to break into ChatGPT, says Check Point | ZDNET

• Cyber criminals Bypass ChatGPT Restrictions to Generate Malicious Content - Check Point Software

• Great, hackers are now using ChatGPT to generate malware | Digital Trends

• Eric Schmidt Is Building the Perfect AI War-Fighting Machine | WIRED

• A.I. in the military could be a game changer in warfare | Fortune US issues declaration on responsible use of AI in the military | Reuters

Misinformation, Disinformation and Propaganda

• Revealed: the hacking and disinformation team meddling in elections | Technology | The Guardian

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

• Russian Government evaluates the immunity to hackers acting in the interests of Russia-Security Affairs

• Russian spear phishing campaign escalates efforts toward critical UK, US and European targets | Computer Weekly

• EU countries told to step up defence against state hackers | Reuters

• Britain must ‘wake up’ to China security challenges, ex-MI6 head says | The Independent

• Hacks, leaks and wipers: Google analyses a year of Russian cyber attacks on Ukraine | Cyber scoop

• Google: Russia continues to set cyber sights on NATO nations | TechTarget

• US shoots down ‘high-altitude object’ above Alaska | Financial Times (ft.com)

• Military Organizations in Pakistan Targeted With Sophisticated Espionage Tool - security Week

• SpaceX curbed Ukraine's use of Starlink terminals - Militarnyi

• US shoots down ‘octagonal’ flying object near military sites in Michigan | US news | The Guardian

• Six companies join US entity list after Chinese spy balloon • The Register

• How Alan Turing still casts his genius in the age of cyberwar | Metro News

• US warns its citizens in Russia to get out immediately over security fears | Euronews

• Unidentified airborne objects: A trio of new intrusions leaves America's leaders grasping for explanations | CNN Politics

• Russian Hackers Disrupt NATO Earthquake Relief Operations (darkreading.com)

• ‘Significant’ debris from China spy balloon retrieved, says US military | US national security | The Guardian

• Use of Chinese cameras by College of Policing is risk to national security, says commissioner (telegraph.co.uk)

• Ukraine’s use of SpaceX satellites risks starting World War Three, says Elon Musk (telegraph.co.uk)

• Eric Schmidt Is Building the Perfect AI War-Fighting Machine | WIRED

• Albanian gangs set up hundreds of spy cameras to keep ahead of police | Financial Times (ft.com)

• A.I. in the military could be a game changer in warfare | Fortune

• Chinese cameras leave British police vulnerable to spying, says watchdog | Espionage | The Guardian

• China-based cyber espionage actor seen targeting South America | CSO Online

• What Happened to #OpRussia? (darkreading.com)

• The Lessons From Cyberwar, Cyber-in-War and Ukraine  - security Week

• Storage security for compliance and cyberwar in 2023 • The Register

Nation State Actors

• Russian Government evaluates the immunity to hackers acting in the interests of Russia-Security Affairs

• Russian spear phishing campaign escalates efforts toward critical UK, US and European targets | Computer Weekly

• EU countries told to step up defence against state hackers | Reuters

• Britain must ‘wake up’ to China security challenges, ex-MI6 head says | The Independent

• Hacks, leaks and wipers: Google analyses a year of Russian cyber attacks on Ukraine | CyberScoop

• Google: Russia continues to set cyber sights on NATO nations | TechTarget

• Military Organizations in Pakistan Targeted With Sophisticated Espionage Tool - Security Week

• MagicWeb Mystery Highlights Nobelium Attacker's Sophistication (darkreading.com)

• Russian hackers are trying to break into ChatGPT, says Check Point | ZDNET

• North Korean Hackers Are Attacking US Hospitals | WIRED

• Six companies join US entity list after Chinese spy balloon • The Register

• Lazarus hackers use new mixer to hide $100 million in stolen crypto (bleepingcomputer.com)

• Unidentified airborne objects: A trio of new intrusions leaves America's leaders grasping for explanations | CNN Politics

• Russian Hackers Disrupt NATO Earthquake Relief Operations (darkreading.com)

• Group-IB Blocks Attack By Chinese Tonto Team Hackers - Infosecurity Magazine (infosecurity-magazine.com)

• Chinese ship accused of using ‘military-grade laser’ against Philippine vessel | Philippines | The Guardian

• Chinese Hackers Targeting South American Diplomatic Entities with ShadowPad (thehackernews.com)

• Use of Chinese cameras by College of Policing is risk to national security, says commissioner (telegraph.co.uk)

• Ukraine’s use of SpaceX satellites risks starting World War Three, says Elon Musk (telegraph.co.uk)

• Chinese cameras leave British police vulnerable to spying, says watchdog | Espionage | The Guardian

• China-based cyber espionage actor seen targeting South America | CSO Online

• What Happened to #OpRussia? (darkreading.com)

• UK Policing Riddled with Chinese CCTV Cameras - Infosecurity Magazine (infosecurity-magazine.com)

• A new operating system has been released in Russia! (gizchina.com)

• SideWinder APT Spotted Stealing Crypto (darkreading.com)

• Researchers Link SideWinder Group to Dozens of Targeted Attacks in Multiple Countries (thehackernews.com)

• SideWinder APT Attacks Regional Targets in New Campaign - Infosecurity Magazine (infosecurity-magazine.com)

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Vulnerability Management

• Ransomware attackers finding new ways to weaponize old vulnerabilities | VentureBeat

Vulnerabilities

• Microsoft Patch Tuesday: 36 RCE bugs, 3 zero-days, 75 CVEs – Naked Security (sophos.com)

• Citrix Patches High-Severity Vulnerabilities in Windows, Linux Apps - Security Week

• Adobe Plugs Critical Security Holes in Illustrator, After Effects Software - Security Week

• Apple releases new fix for iPhone zero-day exploited by hackers | TechCrunch

• Intel issues patches for SGX vulnerabilities • The Register

• Firefox Updates Patch 10 High-Severity Vulnerabilities - Security Week

• Critical RCE Vulnerability Discovered in ClamAV Open-Source Antivirus Software (thehackernews.com)

• CISA Warns of Active Attacks Exploiting Fortra MFT, TerraMaster NAS, and Intel Driver Flaws (thehackernews.com)

• Microsoft says Intel driver bug crashes apps on Windows PCs (bleepingcomputer.com)

• Serious Security: GnuTLS follows OpenSSL, fixes timing attack bug – Naked Security (sophos.com)

• Splunk Enterprise Updates Patch High-Severity Vulnerabilities - Security Week

• Dozens of Vulnerabilities Patched in Intel Products - Security Week

• High-severity DLP flaw impacts Trellix for Windows | SC Media (scmagazine.com)

• Critical Vulnerability Patched in Cisco Security Products - Security Week

• Health info for 1 million patients stolen using critical GoAnywhere vulnerability | Ars Technica

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Tools and Controls

• A CISOs Practical Guide to Storage and Backup Ransomware Resiliency (thehackernews.com)

• SOAR vs. SIEM: What's the difference? | TechTarget

• PAM is failing - IT Security Guru

• Combining identity and security strategies to mitigate risks - Help Net Security

• Defending against attacks on Azure AD: Goodbye firewall, hello identity protection | CSO Online

• Regular Pen Testing Is Key to Resolving Conflict Between SecOps and DevOps (thehackernews.com)

• Attack surface management (ASM) is not limited to the surface - Help Net Security

• How to filter Security log events for signs of trouble | TechTarget

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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.

Black Arrow Cyber Threat Briefing 20 January 2023

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

• Experts at Davos 2023 Call for a Global Response to the Gathering 'Cyber Storm'

As economic and geopolitical instability spills into the new year, experts predict that 2023 will be a consequential year for cyber security. The developments, they say, will include an expanded threat landscape and increasingly sophisticated cyber attacks.

"There's a gathering cyber storm," Sadie Creese, a Professor of Cyber Security at the University of Oxford, said during an interview at the World Economic Forum’s Annual Meeting 2023 in Davos, Switzerland. "This storm is brewing, and it's really hard to anticipate just how bad that will be."

Already, cyber attacks such as phishing, ransomware and distributed denial-of-service (DDoS) attacks are on the rise. Cloudflare, a major US cyber security firm that provides protection services for over 30% of Fortune 500 companies, found that DDoS attacks—which entail overwhelming a server with a flood of traffic to disrupt a network or webpage—increased last year by 79% year-over-year.

"There's been an enormous amount of insecurity around the world," Matthew Prince, the CEO of Cloudflare, stated during the Annual Meeting. "I think 2023 is going to be a busy year in terms of cyber attacks."

https://www.weforum.org/agenda/2023/01/cybersecurity-storm-2023-experts-davos23/

• Cost of Data Breaches to Global Businesses at Five-Year High

Research from business insurer Hiscox shows that the cost of dealing with cyber events for businesses has more than tripled since 2018. The study, which collated data from the organisation’s previous five annual Cyber Readiness reports, has revealed that:

• Since 2018 the median IT budgets for cyber security more than tripled.

• Between 2020 and 2022 cyber-attacks increased by over a quarter.

• Businesses are increasing their cyber security budgets year-on-year.

In the Hiscox 2022 Cyber Readiness report, the financial toll of cyber incidents, including data breaches, was estimated to be $16,950 (£15,265) on average. As the cost of cyber crime grew, so did organisations’ cyber security budgets – average spending on cyber security tripled from 2018 to 2022, rocketing from $1,470,196 (£1,323,973) to $5,235,162 (£4,714,482).

Hiscox has also revealed that half of all companies surveyed suffered at least one cyber attack in 2022, up 11% from 2020. Financial Services, as well as Technology, Media and Telecom (TMT) sectors even reported a minimum of one attack for three consecutive years. Financial Services firms, however, seemed to be hit the hardest, with 66% reporting being impacted by cyber attacks in 2021-2022.

Cyber risk has risen to the same strategic level as traditional financial and operational risks, thanks to a growing realisation by businesses that the impact can be just as severe.

https://www.itsecurityguru.org/2023/01/18/cost-of-data-breaches-to-global-businesses-at-five-year-high/

• European Data Protection Authorities Issue Record €2.92 Billion in GDPR Fines, an Increase of 168%

European data regulators issued a record €2.92 billion in fines last year, a 168% increase from 2021. That’s according to the latest GDPR and Data Breach survey from international law firm DLA Piper, which covers all 27 Member States of the European Union, plus the UK, Norway, Iceland, and Liechtenstein. This year’s biggest fine of €405 million was imposed by the Irish Data Protection Commissioner (DPC) against Meta Platforms Ireland Limited relating to Instagram for alleged failures to protect children’s personal data. The Irish DPC also fined Meta €265 million for failing to comply with the GDPR obligation for Data Protection by Design and Default. Both fines are currently under appeal.

Despite the overall increase in fines since January 28, 2022, the fine of €746 million that Luxembourg authorities levied against Amazon last year remains the biggest to be issued by an EU-based data regulator to date (though the retail giant is still believed to be appealing).

The report also revealed a notable increase in focus by supervisory authorities on the use of artificial intelligence (AI), while the volume of data breaches reported to regulators decreased slightly against the previous year’s total.

https://www.csoonline.com/article/3685789/european-data-protection-authorities-issue-record-2-92-billion-in-gdpr-fines.html#tk.rss_news

• PayPal Accounts Breached in Large-Scale Credential Stuffing Attack

PayPal is sending out data breach notifications to thousands of users who had their accounts accessed through credential stuffing attacks that exposed some personal data.

Credential stuffing are attacks where hackers attempt to access an account by trying out username and password pairs sourced from data leaks on various websites. This type of attack relies on an automated approach with bots running lists of credentials to "stuff" into login portals for various services. Credential stuffing targets users that employ the same password for multiple online accounts, which is known as "password recycling."

PayPal explains that the credential stuffing attack occurred between December 6 and December 8, 2022. The company detected and mitigated it at the time but also started an internal investigation to find out how the hackers obtained access to the accounts. By December 20, 2022, PayPal concluded its investigation, confirming that unauthorised third parties logged into the accounts with valid credentials. The electronic payments platform claims that this was not due to a breach on its systems and has no evidence that the user credentials were obtained directly from them.

According to the data breach reporting from PayPal, 34,942 of its users have been impacted by the incident. During the two days, hackers had access to account holders' full names, dates of birth, postal addresses, social security numbers, and individual tax identification numbers. Transaction histories, connected credit or debit card details, and PayPal invoicing data are also accessible on PayPal accounts.

https://www.bleepingcomputer.com/news/security/paypal-accounts-breached-in-large-scale-credential-stuffing-attack/

• Royal Mail Boss to Face MPs’ Questions Over Russian Ransomware Attack

Royal Mail’s chief executive faced questions from MPs last week over the Russia-linked ransomware attack that caused international deliveries to grind to a halt.

Simon Thompson, chief executive of Royal Mail, was asked about the recent cyber attack when he appeared before the Commons Business Select Committee to discuss Royal Mail’s response to the cyber attack at the evidence session on Tuesday Jan 17.

A Royal Mail spokesman said: “Royal Mail has been subject to a cyber incident that is affecting our international export service. We are focused on restoring this service as soon as we are able.”

Royal Mail was forced to suspend all outbound international post after machines used for printing customs dockets were disabled by the Russia-linked Lockbit cyber crime gang. Lockbit’s attackers used ransomware, malicious software that scrambles vital computer files before the gang demands payment to unlock them again. The software also took over printers at Royal Mail’s international sorting offices and caused ransom notes to “spout” from them, according to reports.

Cyber security industry sources cautioned that while Lockbit is known to be Russian in origin, it is not known whether a stolen copy of the gang’s signature ransomware had been deployed by rival hackers.

https://www.telegraph.co.uk/business/2023/01/13/royal-mail-boss-face-mps-questions-russian-ransomware-attack/

• Third-Party Risk Management: Why 2023 Could be the Perfect Time to Overhaul your TPRM Program

Ensuring risk caused by third parties does not occur to your organisation is becoming increasingly difficult. Every business outsources some aspects of its operations, and ensuring these external entities are a strength and not a weakness isn’t always a straightforward process.

In the coming years we’ll see organisations dedicate more time and resources to developing detailed standards and assessments for potential third-party vendors. Not only will this help to mitigate risk within their supply chain network, it will also provide better security.

As demand for third-party risk management (TPRM) grows, there are key reasons why we believe 2023 could be pivotal for the future of your organisation’s TPRM program, cyber risk being principal amongst them.

Forrester predicted that 60% of security incidents in 2022 would stem from third parties. In 2021 there was a 300% increase in supply chain attacks, a trend that has continued to increase over the past 12 months also. For example, Japanese car manufacturer Toyota was forced to completely shut down its operations due to a security breach with a third-party plastics supplier.

It’s not only the frequency of third-party attacks that has increased, but also the methods that cyber criminals are using are becoming increasingly sophisticated. For example, the SolarWinds cyber breach in 2020 was so advanced that Microsoft estimated it took over a thousand engineers to stop the impact of the attack.

As the sophistication and frequency of supply chain attacks increases, the impact they have on businesses reputations and valuations is also becoming apparent. There is a need for organisations to conduct thorough due diligence of the third parties they choose to work with, otherwise the consequences could be disastrous.

Remember always that cyber security should be a non-negotiable feature of all business transactions.

https://informationsecuritybuzz.com/third-party-risk-management-why-2023-could-be-the-perfect-time-to-overhaul-your-tprm-program/

• EU Cyber Resilience Regulation Could Translate into Millions in Fines

The EU Commission’s Cyber Resilience Act (CRA) is intended to close the digital fragmentation problem surrounding devices and systems with network connections – from printers and routers to smart household appliances and industrial control systems. Industrial networks and critical infrastructures require special protection.

According to the European Union, there is currently a ransomware attack every eleven seconds. In the last few weeks alone, among others, a leading German children’s food manufacturer and a global Tier1 automotive supplier headquartered in Germany were hit, with the latter becoming the victim of a massive ransomware attack. Such an attack even led to insolvency at the German manufacturer Prophete in January 2023. To press manufacturers, distributors and importers into action, they face significant penalties if security vulnerabilities in devices are discovered and not properly reported and closed.

“The pressure on the industry – manufacturers, distributors and importers – is growing immensely. The EU will implement this regulation without compromise, even though there are still some work packages to be done, for example regarding local country authorities,” says Jan Wendenburg, CEO, ONEKEY.

The financial fines for affected manufacturers and distributors are therefore severe: up to 15 million euros or 2.5 percent of global annual revenues in the past fiscal year – the larger number counts. “This makes it absolutely clear: there will be substantial penalties on manufacturers if the requirements are not implemented,” Wendenburg continues.

Manufacturers, distributors and importers are required to notify ENISA – the European Union’s cyber security agency – within 24 hours if a security vulnerability in one of their products is exploited. Exceeding the notification deadlines is already subject to sanctions.

https://www.helpnetsecurity.com/2023/01/19/eu-cyber-resilience-regulation-fines/

• Russian Hackers Try to Bypass ChatGPT's Restrictions for Malicious Purposes

Russian cyber-criminals have been observed on dark web forums trying to bypass OpenAI’s API restrictions to gain access to the ChatGPT chatbot for nefarious purposes.

Various individuals have been observed, for instance, discussing how to use stolen payment cards to pay for upgraded users on OpenAI (thus circumventing the limitations of free accounts). Others have created blog posts on how to bypass the geo controls of OpenAI, and others still have created tutorials explaining how to use semi-legal online SMS services to register to ChatGPT.

“Generally, there are a lot of tutorials in Russian semi-legal online SMS services on how to use it to register to ChatGPT, and we have examples that it is already being used,” wrote Check Point Research (CPR). “It is not extremely difficult to bypass OpenAI’s restricting measures for specific countries to access ChatGPT,” said Check Point. “Right now, we are seeing Russian hackers already discussing and checking how to get past the geofencing to use ChatGPT for their malicious purposes.”

They added that they believe these hackers are most likely trying to implement and test ChatGPT in their day-to-day criminal operations. “Cyber-criminals are growing more and more interested in ChatGPT because the AI technology behind it can make a hacker more cost-efficient,” they explained.

Case in point, just last week, Check Point Research published a separate advisory highlighting how threat actors had already created malicious tools using ChatGPT. These included infostealers, multi-layer encryption tools and dark web marketplace scripts.

More generally, the cyber security firm is not the only one believing ChatGPT could democratise cyber crime, with various experts warning that the AI bot could be used by potential cyber-criminals to teach them how to create attacks and even write ransomware.

https://www.infosecurity-magazine.com/news/russian-hackers-to-bypass-chatgpt/

• New Report Reveals CISOs Rising Influence

Cyber security firm Coalfire this week unveiled its second annual State of CISO Influence report, which explores the expanding influence of Chief Information Security Officers (CISOs) and other security leaders.

The report revealed that the CISO role is maturing quickly, and the position is experiencing more equity in the boardroom. In the last year alone, there was a 10-point uptick in CISOs doing monthly reporting to the board. These positive outcomes likely stem from the increasingly metrics-driven reporting CISOs provide, where data is more effectively leveraged to connect security outcomes to business objectives.

An especially promising development in this year's report is how security teams are being looped into corporate projects. Of the security leaders surveyed, 78% say they are consulted early in project development when business objectives are first identified, and two-thirds are now making presentations to the highest levels of enterprise authority. 56% of CISOs present security metrics to their CEOs, up from 43% in 2021.

Cloud migration was universally identified as one of those top business objectives. The move to the cloud saddles CISOs with many challenges. The top priorities listed by CISOs include dealing with an expanding attack surface, staffing, and new compliance requirements — all within constrained budgets. In fact, 43% of security leaders said their budgets remained static or were reduced following business migration to the cloud.

Given these challenges, leading CISOs are transforming their approaches. To address multiple cloud compliance requirements, security leaders are focusing on the most onerous set of rules and creating separate environments for different requirements. Risk assessments were identified as the key tool used to secure funding for these and other cyber initiatives and to set top priorities.

"Costs and risks are up, while at the same time, cyber budgets are trending flat or down," said Colefire. "Cyber security has historically been lower in priority for organisations, but we are witnessing a big shift in enterprise cyber expectations. CISOs are rising to meet those expectations, speaking to the business, and as a result, solidifying their role in the C-suite."

https://www.darkreading.com/threat-intelligence/new-coalfire-report-reveals-cisos-rising-influence

• ChatGPT and its Perilous Use as a "Force Multiplier" for Cyber Attacks

As a form of OpenAI technology, ChatGPT has the ability to mimic natural language and human interaction with remarkable efficiency. However, from a cyber security perspective, this also means it can be used in a variety of ways to lower the bar for threat actors.

One key method is the ability for ChatGPT to draft cunning phishing emails en masse. By feeding ChatGPT with minimal information, it can create content and entire emails that will lure unsuspecting victims to provide their passwords. With the right API setup, thousands of unique, tailored, and sophisticated phishing emails can be sent almost simultaneously.

Another interesting capability of ChatGPT is the ability to write malicious code. While OpenAI has put some controls in place to prevent ChatGPT from creating malware, it is possible to convince ChatGPT to create ransomware and other forms of malware as code that can be copied and pasted into an integrated development environment (IDE) and used to compile actual malware. ChatGPT can also be used to identify vulnerabilities in code segments and reverse engineer applications.

ChatGPT will expedite a trend that is already wreaking havoc across sectors – lowering the bar for less sophisticated threat actors, enabling them to conduct attacks while evading security controls and bypassing advanced detection mechanisms. And currently, there is not much that organisations can do about it. ChatGPT represents a technological marvel that will usher in a new era, not just for the cyber security space.

https://www.calcalistech.com/ctechnews/article/sj0lfp11oi

• Mailchimp Discloses a New Security Breach, the Second One in 6 Months

The popular email marketing and newsletter platform Mailchimp was hacked twice in the past six months. The news of a new security breach was confirmed by the company; the incident exposed the data of 133 customers.

Threat actors targeted the company’s employees and contractors to gain access to an internal support and account admin tool.

“On January 11, the Mailchimp Security team identified an unauthorised actor accessing one of our tools used by Mailchimp customer-facing teams for customer support and account administration. The unauthorised actor conducted a social engineering attack on Mailchimp employees and contractors, and obtained access to select Mailchimp accounts using employee credentials compromised in that attack.” reads the notice published by the company. “Based on our investigation to date, this targeted incident has been limited to 133 Mailchimp accounts.”

The malicious activity was discovered on January 11, 2023; in response to the intrusion the company temporarily suspended access for impacted accounts. The company also notified the primary contacts for all affected accounts less than 24 hours after the initial discovery.

https://securityaffairs.com/140997/data-breach/mailchimp-security-breach.html

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Threats

Ransomware, Extortion and Destructive Attacks

• Yum Brands says nearly 300 restaurants in UK impacted due to cyber attack | Reuters

• Royal Mail boss to face MPs’ questions over Russian ransomware attack (telegraph.co.uk)

• What is LockBit ransomware and how does it operate? | Royal Mail | The Guardian

• How cyber-attack on Royal Mail has left firms in limbo - BBC News

• Royal Mail restarts limited overseas post after cyber-attack - BBC News

• How Royal Mail’s hacker became the world’s most prolific ransomware group | Financial Times (ft.com)

• Ransomware Trends In Q4 2022: Key Findings And Recommendations (informationsecuritybuzz.com)

• Microsoft: Cuba ransomware hacking Exchange servers via OWASSRF flaw (bleepingcomputer.com)

• Microsoft retracts its report on Mac ransomware (techrepublic.com)

• Royal Mail operations hub in Mallusk hit by ‘cyber attack’ as printer spurts out ransom demands - BelfastTelegraph.co.uk

• Ransomware Dips During 2022: Are Cyber attacks Slowing or Just a Blip? - MSSP Alert

• Up to 1,000 ships affected by DNV ransomware attack - Splash247

• Avast releases free BianLian ransomware decryptor (bleepingcomputer.com)

• Vice Society ransomware leaks University of Duisburg-Essen’s data (bleepingcomputer.com)

• Ransomware attack cuts 1,000 ships off from on-shore servers • The Register

• Royal Mail promises ‘workarounds’ to restore services after ransomware attack | Computer Weekly

• Cyber-crime gangs' earnings slide as victims refuse to pay - BBC News

• Ransomware gang steals data from KFC, Taco Bell, and Pizza Hut brand owner (bleepingcomputer.com)

Phishing & Email Based Attacks

• How AI chatbot ChatGPT changes the phishing game | CSO Online

• The big risk in the most-popular, and aging, big tech email programs (cnbc.com)

• Why encrypting emails isn't as simple as it sounds - Help Net Security

• Is it your bank or a scam? How to deal with phishing attacks | Economy and Business | EL PAÍS English Edition

• Fake DHL emails allow hackers to breach Microsoft 365 accounts (msn.com)

Other Social Engineering; Smishing, Vishing, etc

• Techniques that attackers use to trick victims into visiting malicious content - Help Net Security

• Mailchimp slips up again, suffers security breach after falling on social engineering banana skin • Graham Cluley

• As Social Engineering Tactics Change, So Must Your Security Training (darkreading.com)

2FA/MFA

• CircleCI's hack caused by malware stealing engineer's 2FA-backed session (bleepingcomputer.com)

• The Importance of Multi-Factor Authentication (MFA) - MSSP Alert

Malware

• Qbot Overtakes Emotet in December 2022's Most Wanted Malware List - Infosecurity Magazine (infosecurity-magazine.com)

• IcedID Malware Strikes Again: Active Directory Domain Compromised in Under 24 Hours (thehackernews.com)

• New Backdoor Created Using Leaked CIA's Hive Malware Discovered in the Wild (thehackernews.com)

• CircleCI Confirms Data Breach Was Caused By Infostealer on Employee Laptop - Infosecurity Magazine (infosecurity-magazine.com)

• Experts spotted a backdoor that borrows code from CIA's Hive malware - Security Affairs

• ChatGPT Creates Polymorphic Malware - Infosecurity Magazine (infosecurity-magazine.com)

• Attackers Crafted Custom Malware for Fortinet Zero-Day (darkreading.com)

• New Chinese Malware Spotted Exploiting Recent Fortinet Firewall Vulnerability (thehackernews.com)

• Malicious ‘Lolip0p’ PyPi packages install info-stealing malware (bleepingcomputer.com)

• Hackers exploit Cacti critical bug to install malware, open reverse shells (bleepingcomputer.com)

• Hackers can use GitHub Codespaces to host and deliver malware (bleepingcomputer.com)

• Batloader Malware Abuses Legitimate Tools Uses Obfuscated JavaScript Files in Q4 2022 Attacks (trendmicro.com)

• Hackers turn to Google search ads to push info-stealing malware (bleepingcomputer.com)

• How to spot a cyberbot – five tips to keep your device safe (theconversation.com)

Mobile

• New 'Hook' Android malware lets hackers remotely control your phone (bleepingcomputer.com)

• Roaming Mantis’ Android malware adds DNS changer to hack WiFi routers (bleepingcomputer.com)

Botnets

• How to spot a cyberbot – five tips to keep your device safe (theconversation.com)

Denial of Service/DoS/DDOS

• Russian hacktivists NoName057 offer cash for DDoS attacks (techmonitor.ai)

Internet of Things – IoT

• Smart appliances could stop working after two years, says Which? - BBC News

Data Breaches/Leaks

• 6,000+ Customer Accounts Breached, NortonLifeLock Alert Users (informationsecuritybuzz.com)

• 1.7 TB of data from digital intelligence firm Cellebrite leaked online - Security Affairs

• CircleCI Confirms Data Breach Was Caused By Infostealer on Employee Laptop - Infosecurity Magazine (infosecurity-magazine.com)

• LastPass faces mounting criticism over recent breach | TechTarget

• Mailchimp Suffers Another Security Breach Compromising Some Customers' Information (thehackernews.com)

• Mailchimp discloses a new incident, the second one in 6 months - Security Affairs

• Timeline of the latest LastPass data breaches | CSO Online

• PayPal Breach Exposed PII of Nearly 35K Accounts (darkreading.com)

• T-Mobile US says hacker accessed personal data of 37 million customers • TechCrunch

• Twitter says leaked emails not hacked from its systems - BBC News

• Hacked! My Twitter user data is out on the dark web -- now what? | ZDNET

• Twitter sued over data leak that it denied was caused by a flaw | Business

• Nissan North America data breach caused by vendor-exposed database (bleepingcomputer.com)

• 18k Nissan Customers Affected by Data Breach at Third-Party Software Developer | SecurityWeek.Com

• Third-party administrator hack leads to theft of patient data for over 251K | SC Media (scmagazine.com)

Organised Crime & Criminal Actors

• Russia's Ukraine War Drives 62% Slump in Stolen Cards - Infosecurity Magazine (infosecurity-magazine.com)

• Europol arrested cryptocurrency scammers that stole millions from victims - Security Affairs

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• Crypto exchanges freeze accounts tied to North Korea • The Register

• Europol arrested cryptocurrency scammers that stole millions from victims - Security Affairs

• FTX Says $415 Million Of Its Crypto Assets Was Hacked (informationsecuritybuzz.com)

• Google Ads-delivered malware drains NFT influencer’s entire crypto wallet (cointelegraph.com)

• Bitcoin is a ‘hyped-up fraud’, says JP Morgan chief (telegraph.co.uk)

• International Arrests Over 'Criminal' Crypto Exchange | SecurityWeek.Com

Fraud, Scams & Financial Crime

• A $175 Million Dollar Blunder: How A 30-Year-Old Entrepreneur Allegedly Defrauded JP Morgan With 4 Million Fake Email Accounts | Celebrity Net Worth

• Opinion: These online scams to steal your money will shock you -- even if you think you've seen them all - MarketWatch

• Young people warned not to be exploited as ‘money mules’ for UK criminal gangs | Crime | The Guardian

• Hacker stole credit cards from Canada alcohol retailer LCBO - Security Affairs

• Europol arrested cryptocurrency scammers that stole millions from victims - Security Affairs

• New York man defrauded thousands using credit cards sold on dark web (bleepingcomputer.com)

• FTX Says $415 Million Of Its Crypto Assets Was Hacked (informationsecuritybuzz.com)

• The US Has a Massive Money Transfer Surveillance Apparatus (gizmodo.com)

• The threat of location spoofing and fraud - Help Net Security

• HUMAN Security Stops VASTFLUX Digital Ad Fraud Operation - MSSP Alert

• International Arrests Over 'Criminal' Crypto Exchange | SecurityWeek.Com

Insurance

• Millions of Insurance Customers Compromised Via Supplier - Infosecurity Magazine (infosecurity-magazine.com)

Dark Web

• Russia's Ukraine War Drives 62% Slump in Stolen Cards - Infosecurity Magazine (infosecurity-magazine.com)

• New York man defrauded thousands using credit cards sold on dark web (bleepingcomputer.com)

• Illegal Solaris darknet market hijacked by competitor Kraken (bleepingcomputer.com)

Supply Chain and Third Parties

• CircleCI, LastPass, Okta, and Slack: Cyber attackers Pivot to Target Core Enterprise Tools (darkreading.com)

• Third-Party Risk Management: Why 2023 Could Be The Perfect Time To Overhaul Your TPRM Program (informationsecuritybuzz.com)

Cloud/SaaS

• The Dangers of Default Cloud Configurations (darkreading.com)

• Report: Cloud-based networks under growing attack • The Register

• Data Security in Multicloud: Limit Access, Increase Visibility (darkreading.com)

Hybrid/Remote Working

• Training, endpoint management reduce remote working cyber security risks - Help Net Security

Encryption

• Vulnerabilities in cryptographic libraries found through modern fuzzing - Help Net Security

• teiss - Cyber Threats - Managing the treat from quantum computers

• Threats Of Quantum: The Solution Lies In Quantum Cryptography (informationsecuritybuzz.com)

• Why encrypting emails isn't as simple as it sounds - Help Net Security

• TLS Connection Cryptographic Protocol Vulnerabilities (trendmicro.com)

Passwords, Credential Stuffing & Brute Force Attacks

• Compromise of employee device, credentials led to CircleCI breach | SC Media (scmagazine.com)

• PayPal accounts breached in large-scale credential stuffing attack (bleepingcomputer.com)

• Timeline of the latest LastPass data breaches | CSO Online

• NortonLifeLock: threat actors breached Norton Password Manager accounts - Security Affairs

Social Media

• Twitter says leaked emails not hacked from its systems - BBC News

• Hacked! My Twitter user data is out on the dark web -- now what? | ZDNET

• French CNIL fined Tiktok $5.4 Million for violating cookie laws - Security Affairs

Malvertising

• Hackers turn to Google search ads to push info-stealing malware (bleepingcomputer.com)

• Google Ads-delivered malware drains NFT influencer’s entire crypto wallet (cointelegraph.com)

• HUMAN Security Stops VASTFLUX Digital Ad Fraud Operation - MSSP Alert

Training, Education and Awareness

• Training, endpoint management reduce remote working cyber security risks - Help Net Security

• As Social Engineering Tactics Change, So Must Your Security Training (darkreading.com)

Regulations, Fines and Legislation

• GDPR Fines Surge 168% in a Year - Infosecurity Magazine (infosecurity-magazine.com)

• European data protection authorities issue record €2.92 billion in GDPR fines | CSO Online

• State of data privacy laws in 2023 | TechTarget

• How data protection is evolving in a digital world - Help Net Security

• EU cyber resilience regulation could translate into millions in fines - Help Net Security

• UN Hearing On Proposed Cyber Crime Treaty: Legal Measures To Tackle Cyber Crimes (informationsecuritybuzz.com)

• Online safety bill: Attempt to jail tech bosses ‘could backfire’ | News | The Times

• Culture secretary examines plans to punish tech bosses over online harms | Financial Times (ft.com)

• French CNIL fined Tiktok $5.4 Million for violating cookie laws - Security Affairs

• State legislators aren't waiting for Congress to regulate children's online privacy - CyberScoop

• How Would the FTC Rule on Noncompetes Affect Data Security? (darkreading.com)

• The US Has a Massive Money Transfer Surveillance Apparatus (gizmodo.com)

• What are International Traffic in Arms Regulations and Export Administration Regulations? (techtarget.com)

Governance, Risk and Compliance

• Technology is a fragile machine that seems to power everything | Android Central

• Third-Party Risk Management: Why 2023 Could Be The Perfect Time To Overhaul Your TPRM Program (informationsecuritybuzz.com)

• Training, endpoint management reduce remote working cyber security risks - Help Net Security

• New Coalfire Report Reveals CISOs Rising Influence (darkreading.com)

• Cost of data breaches to global businesses at five-year high- IT Security Guru

• Experts at Davos 2023 sound the alarm on cyber security | World Economic Forum (weforum.org)

• Why Mean Time to Repair Is Not Always A Useful Security Metric (darkreading.com)

• Why are there so many cyber attacks lately? An explainer on the rising trend | Globalnews.ca

• How To Build A Network Of Security Champions In Your Organisation (forbes.com)

• EU cyber resilience regulation could translate into millions in fines - Help Net Security

• What is Business Attack Surface Management? (trendmicro.com)

• How to build a cyber-resilience culture in the enterprise | TechTarget

• Why Businesses Need to Think Like Hackers This Year (darkreading.com)

• How to prioritize resilience in the face of cyber-attacks | World Economic Forum (weforum.org)

• #WEF23: Geopolitical Instability Means a Cyber “Catastrophe” is Imminent - Infosecurity Magazine (infosecurity-magazine.com)

• Cyber-attack contributes to major Harrogate district firm posting £4.1m loss - The Stray Ferret

Data Protection

• GDPR Fines Surge 168% in a Year - Infosecurity Magazine (infosecurity-magazine.com)

• European data protection authorities issue record €2.92 billion in GDPR fines | CSO Online

• How data protection is evolving in a digital world - Help Net Security

• State legislators aren't waiting for Congress to regulate children's online privacy - CyberScoop

• European Businesses Admit Major Privacy Skills Gap - Infosecurity Magazine (infosecurity-magazine.com)

Careers, Working in Cyber and Information Security

• New Coalfire Report Reveals CISOs Rising Influence (darkreading.com)

• IT Burnout may be Putting Your Organisation at Risk (bleepingcomputer.com)

• Sophos Joins List of Cyber security Companies Cutting Staff | SecurityWeek.Com

Law Enforcement Action and Take Downs

• Europol arrested cryptocurrency scammers that stole millions from victims - Security Affairs

Privacy, Surveillance and Mass Monitoring

• AI and privacy: Experts worry users may have already ‘traded a lot’ for services - National | Globalnews.ca

• State of data privacy laws in 2023 | TechTarget

• How data privacy and automation offer both challenges and opportunities in a fintech future | Kyndryl: The Heart of Progress | The Guardian

• UK supermarket uses facial recognition tech to track shoppers - Coda Story

• State legislators aren't waiting for Congress to regulate children's online privacy - CyberScoop

• European Businesses Admit Major Privacy Skills Gap - Infosecurity Magazine (infosecurity-magazine.com)

Artificial Intelligence

• Russian Hackers Try to Bypass ChatGPT's Restrictions For Malicious Purposes - Infosecurity Magazine (infosecurity-magazine.com)

• How AI chatbot ChatGPT changes the phishing game | CSO Online

• ChatGPT Opens New Opportunities for Cyber criminals: 5 Ways for Organisations to Get Ready (darkreading.com)

• ChatGPT and its perilous use as a "Force Multiplier" for cyber attacks | Ctech (calcalistech.com)

• AI and privacy: Experts worry users may have already ‘traded a lot’ for services - National | Globalnews.ca

• Potential threats and sinister implications of ChatGPT - Help Net Security

• Criminals seek OpenAI guardrail bypass, use ChatGPT for evil • The Register

• ChatGPT Creates Polymorphic Malware - Infosecurity Magazine (infosecurity-magazine.com)

• Is ChatGPT a cyber security threat? | TechCrunch

Misinformation, Disinformation and Propaganda

• Over Four Billion People Affected By Internet Censorship in 2022 - Infosecurity Magazine (infosecurity-magazine.com)

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

• Russian Hackers Try to Bypass ChatGPT's Restrictions For Malicious Purposes - Infosecurity Magazine (infosecurity-magazine.com)

• Putin’s Russian cyber attacks could target UK’s infrastructure | News | The Times

• From phishing scams to propaganda: How Russia, rogue nations utilize cyber capabilities against the US | Fox News

• Industrial espionage: How China sneaks out America's technology secrets - BBC News

• Russia's Ukraine War Drives 62% Slump in Stolen Cards - Infosecurity Magazine (infosecurity-magazine.com)

• Ukraine blames Russia for most of over 2,000 cyber attacks in 2022 | Reuters

• Cyber  attacks have tripled in past year, says Ukraine’s cyber security agency | Ukraine | The Guardian

• Pro-Russian Hacktivist Group Targets Czech Presidential Election - Infosecurity Magazine (infosecurity-magazine.com)

• Beware: Tainted VPNs Being Used to Spread EyeSpy Surveillanceware (thehackernews.com)

• Is Elon Musk’s Starlink winning the war for Ukraine? | World | The Sunday Times (thetimes.co.uk)

• Pro-Russia Hacktivist Group NoName057(16) Strikes Again (informationsecuritybuzz.com)

• Earth Bogle Group Targets Middle East With NjRAT, Geopolitical Lures - Infosecurity Magazine (infosecurity-magazine.com)

• Russian hacktivists NoName057 offer cash for DDoS attacks (techmonitor.ai)

• Chinese APT Group Vixen Panda Targets Iranian Government Entities - Infosecurity Magazine (infosecurity-magazine.com)

• Ukraine links data-wiping attack on news agency to Russian hackers (bleepingcomputer.com)

• Russian hackers target Ukrainian press briefing about cyber attacks (axios.com)

• Chinese hackers targeted Iranian government entities for months: Report | CSO Online

• Myanmar Acquired Spyware From Israeli Cyber-intelligence Firm Cognyte, New Docs Reveal - National Security & Cyber - Haaretz.com

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Nation State Actors

Nation State Actors – Russia

• Russian Hackers Try to Bypass ChatGPT's Restrictions For Malicious Purposes - Infosecurity Magazine (infosecurity-magazine.com)

• Putin’s Russian cyber attacks could target UK’s infrastructure | News | The Times

• From phishing scams to propaganda: How Russia, rogue nations utilize cyber capabilities against the US | Fox News

• Russia's Ukraine War Drives 62% Slump in Stolen Cards - Infosecurity Magazine (infosecurity-magazine.com)

• Ukraine blames Russia for most of over 2,000 cyber attacks in 2022 | Reuters

• Cyber attacks have tripled in past year, says Ukraine’s cyber security agency | Ukraine | The Guardian

• Pro-Russian Hacktivist Group Targets Czech Presidential Election - Infosecurity Magazine (infosecurity-magazine.com)

• Is Elon Musk’s Starlink winning the war for Ukraine? | World | The Sunday Times (thetimes.co.uk)

• Pro-Russia Hacktivist Group NoName057(16) Strikes Again (informationsecuritybuzz.com)

• Russian hacktivists NoName057 offer cash for DDoS attacks (techmonitor.ai)

• Ukraine links data-wiping attack on news agency to Russian hackers (bleepingcomputer.com)

• Russian hackers target Ukrainian press briefing about cyber attacks (axios.com)

• Russians say they can download software from Intel again • The Register

• Nation State Actors – China

• Industrial espionage: How China sneaks out America's technology secrets - BBC News

• Attackers Crafted Custom Malware for Fortinet Zero-Day (darkreading.com)

• New Chinese Malware Spotted Exploiting Recent Fortinet Firewall Vulnerability (thehackernews.com)

• China wants 30 percent CAGR for its infosec industry • The Register

• Chinese APT Group Vixen Panda Targets Iranian Government Entities - Infosecurity Magazine (infosecurity-magazine.com)

• Chinese hackers targeted Iranian government entities for months: Report | CSO Online

Nation State Actors – North Korea

• Crypto exchanges freeze accounts tied to North Korea • The Register

Nation State Actors – Iran

• Chinese APT Group Vixen Panda Targets Iranian Government Entities - Infosecurity Magazine (infosecurity-magazine.com)

• Chinese hackers targeted Iranian government entities for months: Report | CSO Online

Nation State Actors – Misc

• Earth Bogle Group Targets Middle East With NjRAT, Geopolitical Lures - Infosecurity Magazine (infosecurity-magazine.com)

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Vulnerability Management

• The Top 10 Vulnerabilities of 2022: Mastering Vulnerability Management - Security Boulevard

• Why you don’t have to fix every vulnerability | CSO Online

• 3 Lessons Learned in Vulnerability Management (darkreading.com)

Vulnerabilities

• Cisco won’t fix critical flaw in small business routers • The Register

• Unpatched Zoho ManageEngine Products Under Active Cyber attack (darkreading.com)

• Oracle's First Security Update for 2023 Includes 327 New Patches | SecurityWeek.Com

• Why it's time to review your on-premises Microsoft Exchange patch status | CSO Online

• Attackers Crafted Custom Malware for Fortinet Zero-Day (darkreading.com)

• New Chinese Malware Spotted Exploiting Recent Fortinet Firewall Vulnerability (thehackernews.com)

• Cacti Servers Under Attack as Majority Fail to Patch Critical Vulnerability (thehackernews.com)

• PoC exploits released for critical bugs in popular WordPress plugins (bleepingcomputer.com)

• Vulnerabilities in cryptographic libraries found through modern fuzzing - Help Net Security

• Microsoft: Exchange Server 2013 reaches end of support in 90 days (bleepingcomputer.com)

• AMD Revealed 31 Vulnerabilities Within Its Processor Lines, Ryzen & EPYC CPUs Included (wccftech.com)

• Hackers are using this old trick to dodge security protections | ZDNET

• Attackers deploy sophisticated Linux implant on Fortinet network security devices | CSO Online

• Researchers to release PoC exploit for critical Zoho RCE bug, patch now (bleepingcomputer.com)

• MSI accidentally breaks Secure Boot for hundreds of motherboards (bleepingcomputer.com)

• Git security vulnerabilities announced | The GitHub Blog

• Microsoft fixes SSRF vulnerabilities found in Azure services | TechTarget

• Over 4,000 Sophos Firewall devices vulnerable to RCE attacks (bleepingcomputer.com)

• Mozilla Releases Security Updates for Firefox | CISA

• Critical Security Vulnerabilities Discovered in Netcomm and TP-Link Routers (thehackernews.com)

• Exploited Control Web Panel Flaw Added to CISA 'Must-Patch' List | SecurityWeek.Com

• Two critical flaws discovered in Git system - Security Affairs

• Vendors Actively Bypass Security Patch for Year-Old Magento Vulnerability | SecurityWeek.Com

• Cisco Patches High-Severity SQL Injection Vulnerability in Unified CM | SecurityWeek.Com

• CVE-2022-47966: Rapid7 Observed Exploitation of Critical ManageEngine Vulnerability | Rapid7 Blog

• Critical Microsoft Azure RCE flaw impacted multiple services - Security Affairs

• New Microsoft Azure Vulnerability Uncovered — EmojiDeploy for RCE Attacks (thehackernews.com)

• Cross-site forgery bug would facilitate remote code execution in Microsoft Azure services | SC Media (scmagazine.com)

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Tools and Controls

• Training, endpoint management reduce remote working cyber security risks - Help Net Security

• Why encrypting emails isn't as simple as it sounds - Help Net Security

• As Social Engineering Tactics Change, So Must Your Security Training (darkreading.com)

• Zero trust network access for Desktop as a Service - Help Net Security

• How to prioritize resilience in the face of cyber-attacks | World Economic Forum (weforum.org)

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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 18 November 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

• Amid Legal Fallout, Cyber Insurers Redefine State-Sponsored Attacks as Act of War

As carriers rewrite their act-of-war exclusions following the NotPetya settlement between Mondelez and Zurich, organisations should read their cyber insurance policies carefully to see what is still covered.

The consequences from NotPetya, which the US government said was caused by a Russian cyber attack on Ukraine in 2017, continue to be felt as cyber insurers modify coverage exclusions, expanding the definition of an "act of war." Indeed, the 5-year-old cyber attack appears to be turning the cyber insurance market on its head.

Mondelez International, parent of such popular brands as Cadbury, Oreo, Ritz, and Triscuit, was hit hard by NotPetya, with factories and production disrupted. It took days for the company's staff to regain control of its computer systems. The company filed a claim with its property and casualty insurer, Zurich American, for $100 million in losses. After initially approving a fraction of the claim — $10 million — Zurich declined to pay, stating the attack was an act of war and thus excluded from the coverage. Mondelez filed a lawsuit.

Late last month Mondelez and Zurich American reportedly agreed to the original $100 million claim, but that wasn't until after Merck won its $1.4 billion lawsuit against Ace American Insurance Company in January 2022 for its NotPetya-related losses. Merck's claims also were against its property and casualty policy, not a cyber insurance policy.

Back in 2017, cyber insurance policies were still nascent, and so many large corporations filed claims for damages related to NotPetya — the scourge that caused an estimated $10 billion in damage worldwide — against corporate property and casualty policies.

What's Changed? The significance of these settlements illustrates an ongoing maturation of the cyber insurance market, says Forrester Research.

Until 2020 and the COVID-19 pandemic, cyber insurance policies were sold in a fashion akin to traditional home or auto policies, with little concern for a company's cyber security profile, the tools it had in place to defend its networks and data, or its general cyber hygiene.

Once a large number of ransomware attacks occurred that built off of the lax cyber security many organisations demonstrated, insurance carriers began tightening the requirements for obtaining such policies.

https://www.darkreading.com/edge-articles/amid-notpetya-fallout-cyber-insurers-define-state-sponsored-attacks-as-act-of-war

• Is Your Board Prepared For New Cyber Security Regulations?

Boards are now paying attention to the need to participate in cyber security oversight. Not only are the consequences sparking concern, but the new regulations are upping the ante and changing the game.

Boards have a particularly important role to ensure appropriate management of cyber risk as part of their fiduciary and oversight role. As cyber threats increase and companies worldwide bolster their cyber security budgets, the regulatory community, including the U.S. Securities and Exchange Commission (SEC), is advancing new requirements that companies will need to know about as they reinforce their cyber strategy.

Most organisations focus on cyber protection rather than cyber resilience, and that could be a mistake. Resiliency is more than just protection; it’s a plan for recovery and business continuation. Being resilient means that you’ve done as much as you can to protect and detect a cyber incident, and you have also done as much as you can to make sure you can continue to operate when an incident occurs. A company who invests only in protection is not managing the risk associated with getting up and running again in the event of a cyber incident.

Research indicates that most board members believe it is not a matter of if, but when, their company will experience a cyber event. The ultimate goal of a cyber-resilient organisation would be zero disruption from a cyber breach. That makes the focus on resilience more important.

In March 2022, the SEC issued a proposed rule titled Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure.  In it, the SEC describes its intention to require public companies to disclose whether their boards have members with cyber security expertise: “Cyber security is already among the top priorities of many boards of directors and cyber security incidents and other risks are considered one of the largest threats to companies. Accordingly, investors may find disclosure of whether any board members have cyber security expertise to be important as they consider their investment in the registrant as well as their votes on the election of directors of the registrant.”

The SEC will soon require companies to disclose their cyber security governance capabilities, including the board’s oversight of cyber risk, a description of management’s role in assessing and managing cyber risks, the relevant expertise of such management, and management’s role in implementing the registrant’s cyber security policies, procedures, and strategies. Specifically, where pertinent to board oversight, registrants will be required to disclose:

• whether the entire board, a specific board member, or a board committee is responsible for the oversight of cyber risks,

• the processes by which the board is informed about cyber risks, and the frequency of its discussions on this topic,

• whether and how the board or specified board committee considers cyber risks as part of its business strategy, risk management, and financial oversight.

https://hbr.org/2022/11/is-your-board-prepared-for-new-cybersecurity-regulations

• Unwanted Emails Steadily Creeping into Inboxes

A research from cloud security provider Hornetsecurity has revealed that 40.5% of work emails are unwanted. The Cyber Security Report 2023, which analysed more than 25 billion work emails, also reveals significant changes to the nature of cyber attacks in 2022 – indicating the constant, growing threats to email security, and need for caution in digital workplace communications.

Phishing remains the most common style of email attack, representing 39.6% of detected threats. Threat actors used the following file types sent via email to deliver payloads: Archive files (Zip, 7z, etc.) sent via email make up 28% of threats, down slightly from last year’s 33.6%, with HTML files increasing from 15.3% to 21%, and DOC(X) from 4.8% to 12.7%.

This year’s cyber security report shows the steady creep of threats into inboxes around the world. The rise in unwanted emails, now found to be nearly 41%, is putting email users and businesses at significant risk.

HornetSecurity’s analysis identified both the enduring risk and changing landscape of ransomware attacks – highlighting the need for businesses and their employees to be more vigilant than ever.

New cyber security trends and techniques for organisations to watch out for were also tracked. Since Microsoft disabled macros settings in Office 365, there has been a significant increase in HTML smuggling attacks using embedded LNK or ZIP files to deliver malware. Microsoft 365 makes it easy to share documents, and end users often overlook the ramifications of how files are shared, as well as the security implications. Hornetsecurity found 25% of respondents were either unsure or assumed that Microsoft 365 was immune to ransomware threats.

For these attackers, every industry is a target. Companies must therefore ensure comprehensive security awareness training while implementing next-generation preventative measures to ward off threats.

https://www.helpnetsecurity.com/2022/11/14/email-security-threats/

• People Are Still Using the Dumbest Passwords Available

If you were thinking that most people would have learned by now not to use “password” as the password for their sensitive systems, then you would be giving too much credit to the general scrolling public.

Cyber security researchers from Cybernews and password manager company NordPass both independently reported this week on data surrounding the most commonly-used passwords. Trying to discern the frequently used words, phrases, and numbers among the general public wouldn’t be simple if it weren’t for the troves of leaked passwords being sold on the dark web.

Cybernews said it based its data on a list of 56 million breached or leaked passwords in 2022 found via databases in darknet and clearnet hacker forums. Some of the most-used passwords were exactly what you expect, easy-to-remember junk passwords for company accounts, including “123456,” “root,” and “guest” all looking pretty in the top three.

NordPass, on the other hand, listed its top passwords by country and the supposed gender of the user. In their case, “password” sat in the number one spot for most-used password throughout the globe. Some countries had very specific passwords that were commonly used, such as “liverpool” being the number 4 most-used password in the UK despite it being 197 in the world. The number 2 most-used password for Brazil accounts is “Brasil” while in Germany, number 5 is “hallo.”

NordPass said the list of passwords was built by a team of independent researchers who compiled 3TB of data from listings on the dark web, including some data that was leaked in data breaches that occurred in 2022. The company noted that some data might be from late 2021, though the passwords were listed on the dark web in the new year.

https://gizmodo.com/passwords-hacker-best-passwords-cybersecurity-1849792818

• Zero-Trust Initiatives Stall, as Cyber Attack Costs Rocket to $1M per Incident

Researchers find current data protection strategies are failing to get the job done, and IT leaders are concerned, while a lack of qualified IT security talent hampers cyber-defence initiatives.

Organisations are struggling with mounting data losses, increased downtime, and rising recovery costs due to cyber attacks — to the tune of $1.06 million in costs per incident. Meanwhile, IT security teams are stalled on getting defences up to speed.

That's according to the 2022 Dell Global Data Protection Index (GDPI) survey of 1,000 IT decision-makers across 15 countries and 14 industries, which found that organisations that experienced disruption have also suffered an average of 2TB data loss and 19 hours of downtime.

Most respondents (67%) said they lack confidence that their existing data protection measures are sufficient to cope with malware and ransomware threats. A full 63% said they are not very confident that all business-critical data can be reliably recovered in the event of a destructive cyber attack.

Their fears seem founded: Nearly half of respondents (48%) experienced a cyber attack in the past 12 months that prevented access to their data (a 23% increase from 2021) — and that's a trend that will likely continue.

The growth and increased distribution of data across edge, core data centre and multiple public cloud environments are making it exceedingly difficult for IT admins to protect their data.

On the protection front, most organisations are falling behind; for instance, 91% are aware of or planning to deploy a zero-trust architecture, but only 12% are fully deployed.

And it's not just advanced defence that's lacking: Keegan points out that 69% of respondents stated they simply cannot meet their backup windows to be prepared for a ransomware attack.

https://www.darkreading.com/endpoint/zero-trust-initiatives-stall-cyberattack-costs-1m-per-incident

• 44% of Financial Institutions Believe Their Own IT Teams Are the Main Risk to Cloud Security

Netwrix, a cyber security vendor, today announced additional findings for the financial and banking sector from its global 2022 Cloud Security Report.

Compared to other industries surveyed, financial institutions are much more concerned about users who have legitimate access to their cloud infrastructure. Indeed, 44% of respondents in this sector say their own IT staff poses the biggest risk to data security in the cloud and 47% worry about contractors and partners, compared to 30% and 36% respectively in other verticals surveyed.

Financial organisations experience accidental data leakage more often than companies in other verticals: 32% of them reported this type of security incident within the last 12 months, compared to the average of 25%. This is a good reason for them to be concerned about users who might unintentionally expose sensitive information. To address this threat, organisations need to implement a zero-standing privilege approach in which elevated access rights are granted only when they are needed and only for as long as needed. Cloud misconfigurations are another common reason for accidental data leakage. Therefore, security teams must continually monitor the integrity of their cloud configurations, ideally with a dedicated solution that automates the process.

All sectors say phishing is the most common type of attack they experience. However, 91% of financial institutions say they can spot phishing within minutes or hours, compared to 82% of respondents in other verticals.

Even though mature financial organisations detect phishing quickly, it is still crucial for them to keep educating their personnel on this threat because attacks are becoming more sophisticated. To increase the likelihood of a user clicking a malicious link, attackers are crafting custom spear phishing messages that are directed at the person responsible for a certain task in the organisation and that appear to come from an authority figure. Regular staff training, along with continuous activity monitoring, will help reduce the risk of infiltration.

https://www.darkreading.com/cloud/44-of-financial-institutions-believe-their-own-it-teams-are-the-main-risk-to-cloud-security

• MFA Fatigue Attacks Are Putting Your Organisation at Risk

The rapid advancement of technology in all industries has led to the threat of ever-increasing cyber attacks that target businesses, governments, and individuals alike. A common threat targeting businesses is MFA Fatigue attacks—a technique where a cyber criminal attempts to gain access to a corporate network by bombarding a user with MFA prompts until they finally accept one.

MFA refers to multi-factor authentication, a layered end-user verification strategy to secure data and applications. For a user to log in, an MFA system needs them to submit various combinations of two or more credentials.

Using MFA Fatigue attacks, cyber criminals bombard their victims with repeated 2FA (two-factor authentication) push notifications to trick them into authenticating their login attempts, to increase their chances of gaining access to sensitive information. This attempt can be successful, especially when the target victim is distracted or overwhelmed by the notifications or misinterprets them as legitimate authentication requests.

One major MFA Fatigue attack, also known as MFA bombing, targeted the ride-sharing giant Uber in September 2022. Uber attributed the attack to Lapsus$, a hacking group that started by compromising an external contractor’s credentials.

Cyber criminals increasingly use social engineering attacks to access their targets’ sensitive credentials. Social engineering is a manipulative technique used by hackers to exploit human error to gain private information.

MFA Fatigue is a technique that has gained popularity among hackers in recent years as part of their social engineering attacks. This is a simple yet effective technique with destructive consequences as the hackers are banking on their targets’ lack of training and understanding of attack vectors. Since many MFA users are unfamiliar with this style of attack, they would not understand that they are approving a fraudulent notification.

https://www.bleepingcomputer.com/news/security/mfa-fatigue-attacks-are-putting-your-organization-at-risk/

• Cyber Security Training Boosts Risk Posture, Research Finds

Business executives worldwide see the economic advantages of continuing professional cyber security education and the steep downside from a workforce of under-trained individuals, Cybrary, a training platform provider, said in a new report.

The survey of 275 executives, directors and security professionals in North America and the UK who either procure or influence professional cyber security training, was conducted by consultancy Omdia. The results showed that the benefits of professional training boost an employee’s impact on the organisation, the overall risk posture of the organisation, and in the costs associated with finding and retaining highly skilled employees, the analyst said.

The study’s key findings include:

• 73% of respondents said their team’s cyber security performance was more efficient because of ongoing professional cyber security training.

• 62% of respondents said that training improved their organisation’s cyber security effectiveness (which encompasses decreases in the number of breach attempts and overall security events).

• 79% of respondents ranked professional cyber security training at the top or near the top of importance for the organisation’s ability to prevent and rapidly remediate breaches and ensuing consequences such as reputational damage.

• 70% of companies reported a relationship between an incident and training, and two-thirds of respondents reported increased investments in ongoing cyber security training after a security incident.

• Large enterprises are the least likely to delay upskilling until after an incident, indicating that companies with larger cyber security teams firmly understand the importance of ongoing professional training.

• 67% of surveyed SMBs invested in cyber security training after a security incident, which served as a call to action.

• 53% invested in professional cyber security training due to a cyber security insurance audit.

• 48% of organisations said that cyber security training drives retention and decreases the likelihood that a cyber security professional will leave the organisation that trains them.

• 41% said that ongoing cyber security training has no significant impact on if a cyber security professional leaves.

Cybrary said the research shows the rewards that organisations enjoy by investing in training and upskilling their security professionals. The data “codifies the fiscal and reputational paybacks in proactively improving cyber security defences versus responding to attacks. It also codifies an often-underrecognised benefit of cyber security upskilling: helping the organisation retain invaluable security talent despite market and organisational uncertainty”.

https://www.msspalert.com/cybersecurity-research/cybersecurity-training-boosts-risk-posture-research-finds/

• MI5 Chief: UK Will Have to Tackle Russian Aggression ‘for Years to Come’

Britain will have to tackle Russian aggression for years to come, said the MI5’s chief on Wednesday, adding that his agency had blocked more than 100 attempts by the Kremlin to insert suspected spies into the UK since the Salisbury poisonings.

Ken McCallum, giving an annual threat update, said state-based threats were increasing and said the UK also faced a heightened direct threat from Iran, which had threatened “to kidnap or even kill” 10 people based in Britain in the past year.

The spy chief said Russia had suffered a “strategic blow” after 400 spies were expelled from around Europe following the start of the war in Ukraine, but he said the Kremlin was actively trying to rebuild its espionage network.

Britain had expelled 23 Russian spies posing as diplomats after the poisoning of Sergei and Yulia Skripal in Salisbury in 2018, yet since then “over 100 Russian diplomatic visa applications” had been rejected on national security grounds.

McCallum accused Russia of making “silly claims” about British activities without evidence, such as that UK was involved in attacking the Nord Stream gas pipelines. But the head of MI5 said “the serious point” was that “the UK must be ready for Russian aggression for years to come”.

Iran’s “aggressive intelligence services” were actively targeting Britain and had made “at least 10” attempts to “kidnap or even kill” British or UK-based individuals since January as the regime felt greater pressure than ever before.

https://www.theguardian.com/uk-news/2022/nov/16/mi5-chief-uk-will-have-to-tackle-russian-aggression-for-years-to-come

• Offboarding Processes Pose Security Risks as Job Turnover Increases: Report

Research from YouGov finds that poor offboarding practices across industries including healthcare and tech are putting companies at risk, including for loss of end-user devices and unauthorised SaaS application use.

Organisations across multiple industries are struggling to mitigate potential risks, including loss of end-user and storage devices as well as unauthorised use of SaaS applications, during their offboarding process, according to new research conducted by YouGov in partnership with Enterprise Technology Management (ETM) firm Oomnitza.

Over the last 18 months, employee turnover has increased, with the US Department of Labor estimating that by the end of 2021, a total of 69 million people, more than 20% of Americans, had either lost or changed their job. Although these figures could initially be attributed to the so-called Great Resignation, this figure is likely to increase due to the numerous job cuts that are now being reported, including layoffs at major technology companies, as organisations look to reduce operational costs.

Although the circumstances of an employee’s departure can sometimes make the offboarding process more complex, ultimately offboarding should aim to prevent disruption and mitigate any potential risks.

However, in YouGov’s 2022 State of Corporate Offboarding Process Automation report, the research found that although implementing a secure offboarding processes is now seen as a business imperative for enterprises, 48% of the survey’s respondents expressed deficiencies in or lack of automated workflows across departments and IT tools to facilitate the secure offboarding of employees.

https://www.computerworld.com/article/3680368/offboarding-processes-pose-security-risks-as-job-turnover-increases-report.html#tk.rss_news

• Supply Chains Need Shoring Up Against Cyber Attacks, C-Suite Executives Say

Nearly every organisation (98%) in a new survey of some 2,100 C-suite executives has been hit by a supply chain cyber attack in the last year, security provider BlueVoyant said in a newly released study.

The study gleaned data from interviews with chief technology officers (CTOs), chief security officers (CSOs), chief operating officers (COOs), chief information officers (CIOs), chief information security officers (CISOs), and chief procurement officers (CPOs) responsible for supply chain and cyber risk management in organisations of more than 1,000 employees across business services, financial services, healthcare and pharmaceutical, manufacturing, utilities and energy, and defence industries.

While the number of companies experiencing digital supply chain attacks has stayed relatively static year-over-year, the attention paid by organisations to that attack vector has increased, BlueVoyant said. Still, the New York-based cyber defender said, there’s a lot of room for organisations to better monitor suppliers and “work with them to remediate issues to reduce their supply chain risks.”

Here are some macro highlights from the survey:

• 40% of respondents rely on the third-party vendor or supplier to ensure adequate security.

• In 2021, 53% of companies said they audited or reported on supplier security more than twice per year. That number has improved to 67% in 2022. These numbers include enterprises monitoring in real time.

• Budgets for supply chain defence are increasing, with 84% of respondents saying their budget has increased in the past 12 months.

• The top pain points reported are internal understanding across the enterprise that suppliers are part of their cyber security posture, meeting regulatory requirements, and working with suppliers to improve their security.

https://www.msspalert.com/cybersecurity-research/supply-chains-need-shoring-up-against-cyberattacks-c-suite-executives-say/

• Do Companies Need Cyber Insurance?

Companies are increasingly seeking to transfer risk with cyber insurance. This trend has been influenced by a greater severity in cyber attacks and the resulting skyrocketing costs of incident response, business disruption and recovery.

Companies struggle to afford the high prices of cyber insurance, however. One market index reported the price of cyber insurance increased 79% in the second quarter of 2022. Without it, however, companies risk shouldering the full cost of any resulting harm. Furthermore, insurance companies that lack traditional decades of actuarial data must consider whether to provide cyber insurance to clients unable or unwilling to show their cyber security maturity through independent risk analysis.

This combination of circumstances leaves businesses vulnerable, financially drained and facing potential reputational damage. But does it have to be this way? And is cyber insurance truly necessary? For the majority of organisations, the answer is that cyber insurance is a worthwhile investment as part of their overall risk treatment plans. There are a number of activities, however, that should be undertaken to optimise the benefits and reduce the costs of cyber-risk insurance.

A rise in high-profile attacks, in tandem with increased regulation and compliance surrounding cyber security and privacy, has shifted the conversation around digital safety. No longer is cyber security an optional aspect of the business model with a fixed, stagnant cost. Businesses today have become too digitally dependent to ignore cyber security, with classified, internal information stored online; communication largely conducted via email or another platform; and the workforce transitioned to hybrid and remote work environments. Effective cyber security and privacy, as well as mitigating financial and operational risks, can be strategic enablers to modern digital business.

Cyber insurance is not a solution -- it's a piece of the puzzle. Regardless of industry or company size, all businesses should conduct an independent cyber audit prior to committing to cyber insurance. In doing so, organisations can determine the need for cyber insurance and better understand their organisations' risk posture and weak points.

Even if insurance is needed, the audit further adds value as it lets insurance companies support the company specific to its digital landscape and help it become more digitally strong. Additionally, the existence of an independent audit and risk review may indeed enable the insurance company to offer higher levels of coverage without the need for excessive premiums.

https://www.techtarget.com/searchsecurity/post/Do-companies-need-cyber-insurance

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Threats

Ransomware and Extortion

• Ransomware incidents now make up majority of British government’s crisis management COBRA meetings - The Record by Recorded Future

• Ransomware is a global problem that needs a global solution | TechCrunch

• FBI: Hive ransomware extorted $100M from over 1,300 victims (bleepingcomputer.com)

• The psychological fallout of a ransomware crisis - Help Net Security

• New extortion scam threatens to damage sites’ reputation, leak data (bleepingcomputer.com)

• Thales Denies Getting Hacked as Ransomware Gang Releases Gigabytes of Data | SecurityWeek.Com

• Microsoft Warns of Cyber crime Group Delivering Royal Ransomware, Other Malware | SecurityWeek.Com

• Hive Ransomware Has Made $100m to Date - Infosecurity Magazine (infosecurity-magazine.com)

• LockBit Remains Most Prolific Ransomware in Q3 - Infosecurity Magazine (infosecurity-magazine.com)

• DEV-0569 finds new ways to deliver Royal ransomware, various payloads - Microsoft Security Blog

• Transportation sector targeted by both ransomware and APTs - Help Net Security

• Ukraine says Russian hacktivists use new Somnia ransomware (bleepingcomputer.com)

• Ransomware on Healthcare Organisations cost Global Economy $92 bn - IT Security Guru

• Russian hacktivists hit Ukrainian orgs with ransomware - but no ransom demands - Help Net Security

• Australia to ‘stand up and punch back’ against cyber crims • The Register

• LockBit ransomware activity nose-dived in October (techtarget.com)

• Medibank data breach update: Details of almost 1000 employees also included in cyber attack (9news.com.au)

• How to deal with the trauma of the Medibank cyber breach | Andrea Szasz | The Guardian

• Australia is considering a ban on cyber ransom payments, but it could backfire. Here's another idea (theconversation.com)

• Researchers secretly helped decrypt Zeppelin ransomware for 2 years (bleepingcomputer.com)

• Vanuatu: Hackers strand Pacific island government for over a week - BBC News

• Cape Town scrambles after cyber attacks (iol.co.za)

• Canadian Supermarket Chain Sobeys Hit by Ransomware Attack | SecurityWeek.Com

• Two public schools in Michigan hit by a ransomware attack - Security Affairs

• Ukraine says Russian hacktivists use new Somnia ransomware (bleepingcomputer.com)

Phishing & Email Based Attacks

• Top enterprise email threats and how to counter them - Help Net Security

• China-Based Sophisticated Phishing Campaign Uses 42,000 Domains - Information Security Buzz

• Mass Email Extortion Campaign Claims Server Hack - Infosecurity Magazine (infosecurity-magazine.com)

• Netflix Phishing Emails Surge 78% - Infosecurity Magazine (infosecurity-magazine.com)

• Instagram Credential Phishing Attacks Bypass Microsoft Email Security, Target Thousands - Infosecurity Magazine (infosecurity-magazine.com)

• More Than Half of Black Friday Spam Emails Are Scams - Infosecurity Magazine (infosecurity-magazine.com)

• Earth Preta Spear-Phishing Governments Worldwide (trendmicro.com)

• Email Security Best Practices for Phishing Prevention (trendmicro.com)

Malware

• Wipermania: Malware Remains a Potent Threat, 10 Years Since 'Shamoon' (darkreading.com)

• QBot phishing abuses Windows Control Panel EXE to infect devices (bleepingcomputer.com)

• Researchers Sound Alarm on Dangerous BatLoader Malware Dropper (darkreading.com)

• Study: Almost 50% of macOS malware only comes from one app - Neowin

• Notorious Emotet botnet returns after a few months off • The Register

• Chinese hackers use Google Drive to drop malware on govt networks (bleepingcomputer.com)

• Microsoft Warns of Cyber crime Group Delivering Royal Ransomware, Other Malware | SecurityWeek.Com

• LodaRAT Malware Resurfaces with New Variants Employing Updated Functionalities (thehackernews.com)

• New attacks use Windows security bypass zero-day to drop malware (bleepingcomputer.com)

• Updated RapperBot malware targets game servers in DDoS attacks (bleepingcomputer.com)

• North Korean Hackers Targeting Europe and Latin America with Updated DTrack Backdoor (thehackernews.com)

• Google Wins Lawsuit Against Glupteba Botnet Operators | SecurityWeek.Com

Mobile

• Android malware: A million people downloaded these malicious apps before they were finally removed from Google Play | ZDNET

Internet of Things – IoT

• Shocker: EV charging infrastructure is seriously insecure • The Register

• Aiphone Intercom System Vulnerability Allows Hackers to Open Doors | SecurityWeek.Com

Data Breaches/Leaks

• Police published sexual assault victims' names and addresses on its website (bitdefender.com)

• Here’s How Bad a Twitter Mega-Breach Would Be | WIRED

• Whoosh confirms data breach after hackers sell 7.2M user records (bleepingcomputer.com)

Organised Crime & Criminal Actors

• Long-Standing Chinese Cyber crime Campaign Spoofs Over 400 Brands | SecurityWeek.Com

• Suspected Zeus cyber crime ring leader ‘Tank’ arrested by Swiss police (bleepingcomputer.com)

• Australia's Hack-Back Plan Against Cyber attackers Raises Familiar Concerns (darkreading.com)

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• Banks ban crypto to fight fraudsters | Money | The Sunday Times (thetimes.co.uk)

• 'Three quarters' of retail Bitcoin investors are in the red • The Register

Insider Risk and Insider Threats

• Meta Reportedly Fires Dozens of Employees for Hijacking Users' Facebook and Instagram Accounts (thehackernews.com)

• Meta Employees Were Fired for Selling Account Info to Hackers (gizmodo.com)

Fraud, Scams & Financial Crime

• Massive adware campaign spoofs top brands to trick users | TechRadar

• More Than Half of Black Friday Spam Emails Are Scams - Infosecurity Magazine (infosecurity-magazine.com)

• Police Celebrate Arrest of 59 Suspected Scammers - Infosecurity Magazine (infosecurity-magazine.com)

• Cyber Monday Will Be the Most Fraudulent Day of the Season, Says SEON (darkreading.com)

• UK Shoppers Lost £15m+ to Scammers Last Winter - Infosecurity Magazine (infosecurity-magazine.com)

• How scammers are now exploiting cashless parking (telegraph.co.uk)

• Experts Advice On International Fraud Awareness Week - Information Security Buzz

• Theranos fraudster Elizabeth Holmes jailed for conning investors over multibillion-dollar blood-testing scam | US News | Sky News

• Banks ban crypto to fight fraudsters | Money | The Sunday Times (thetimes.co.uk)

Impersonation Attacks

• 42,000 sites used to trap users in brand impersonation scheme (bleepingcomputer.com)

• Instagram Impersonators Target Thousands, Slipping by Microsoft's Cyber security (darkreading.com)

Dark Web

• Andy Greenberg on how 'Tracers in the Dark' found the dark web's worst criminals - CyberScoop

Supply Chain and Third Parties

• Where Can Third-Party Governance and Risk Management Take Us? (darkreading.com)

Software Supply Chain

• The Next Generation of Supply Chain Attacks Is Here to Stay (darkreading.com)

Denial of Service DoS/DDoS

• 2022 holiday DDoS protection guide - Microsoft Security Blog

• Updated RapperBot malware targets game servers in DDoS attacks (bleepingcomputer.com)

Cloud/SaaS

• Cloud data protection trends you need to be aware of - Help Net Security

• Cyber security implications of using public cloud platforms - Help Net Security

• Evolving Security for Government Multiclouds (darkreading.com)

Encryption

• Why companies can no longer hide keys under the doormat - Help Net Security

• Quantum Cryptography Apocalypse: A Timeline and Action Plan (darkreading.com)

Open Source

• It's official - open source software has never been more important | TechRadar

Passwords, Credential Stuffing & Brute Force Attacks

• Top passwords used in RDP brute-force attacks - Help Net Security

Social Media

• Advertising giant warns clients to stay off Twitter (telegraph.co.uk)

• It’s time. Delete your Twitter DMs • Graham Cluley

• Stop using Twitter to log in to other websites | ZDNET

• Instagram Credential Phishing Attacks Bypass Microsoft Email Security, Target Thousands - Infosecurity Magazine (infosecurity-magazine.com)

• Meta keeps booting small-business owners for being hacked on Facebook | Ars Technica

• Guinness, Cadbury’s and Nissan told to avoid ‘toxic’ and ‘dangerous’ Twitter (telegraph.co.uk)

• Meta Reportedly Fires Dozens of Employees for Hijacking Users' Facebook and Instagram Accounts (thehackernews.com)

• FBI director says he's 'extremely concerned' about China's ability to weaponize TikTok - CyberScoop

• Here’s How Bad a Twitter Mega-Breach Would Be | WIRED

• Instagram Impersonators Target Thousands, Slipping by Microsoft's Cyber security (darkreading.com)

Privacy, Surveillance and Mass Monitoring

• Electronics repair technicians snoop on your data - Help Net Security

• Google to Pay $391 Million Privacy Fine for Secretly Tracking Users' Location (thehackernews.com)

• Security firms hijack New York trees to monitor workers • The Register

Governance, Risk and Compliance

• Have board directors any liability for a cyber attack against their company? - Security Affairs

• Data sovereignty and compliance need help • The Register

Careers, Working in Cyber and Information Security

• Cyber security jobs: Five ways to help you build your career | ZDNET

• The Future of Cyber security Recruiting: Lessons on What Employers Want and What Students Need (darkreading.com)

• Google cloud wants CISOs to do more about diversity • The Register

• Amazon poaches top National Cyber Security Centre exec Levy | Business News | Sky News

Law Enforcement Action and Take Downs

• Zeus Botnet Suspected Leader Arrested in Geneva - Infosecurity Magazine (infosecurity-magazine.com)

• Police Celebrate Arrest of 59 Suspected Scammers - Infosecurity Magazine (infosecurity-magazine.com)

• Suspected Zeus cyber crime ring leader ‘Tank’ arrested by Swiss police (bleepingcomputer.com)

• Police dismantle pirated TV streaming network with 500,000 users (bleepingcomputer.com)

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

• Chinese hackers target government agencies and defence orgs (bleepingcomputer.com)

• Chinese Spy Gets 20 Years for Aviation Espionage Plot - Infosecurity Magazine (infosecurity-magazine.com)

• Russian hacktivists hit Ukrainian orgs with ransomware - but no ransom demands - Help Net Security

• Botnets, Trojans, DDoS From Ukraine and Russia Have Increased Since Invasion - Infosecurity Magazine (infosecurity-magazine.com)

• COP27 Delegates Given Burner Phones To Combat Spying - Information Security Buzz

• Avast details Worok espionage group's compromise chain - Security Affairs

• New "Earth Longzhi" APT Targets Ukraine and Asian Countries with Custom Cobalt Strike Loaders (thehackernews.com)

• 'Even if we go into nuclear winter, I know I tried to help': A volunteer hacker on waging cyber war | Euronews

• Biden set to approve expansive authorities for Pentagon to carry out cyber operations - CyberScoop

• Ukraine says Russian hacktivists use new Somnia ransomware (bleepingcomputer.com)

• Europe’s spyware scandal is a global wakeup call. (slate.com)

• Internal Documents Show How Close the F.B.I. Came to Deploying Spyware - The New York Times (nytimes.com)

• Koch-funded group sues US state over mobile 'spyware' • The Register

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Nation State Actors

Nation State Actors – Russia

• UK Banks Bolstering Defences As Russian Cyber Threat Rises - Information Security Buzz

• EXCLUSIVE Russian software disguised as American finds its way into U.S. Army, CDC apps | Reuters

• Pro-Russian hackers claim cyber attack on FBI website: Report | Fox News

• Ukraine says Russian hacktivists use new Somnia ransomware (bleepingcomputer.com)

Nation State Actors – China

• China playing ‘long game’ as it co-opts UK assets, warns MI5 chief | Financial Times (ft.com)

• FBI director says he's 'extremely concerned' about China's ability to weaponize TikTok - CyberScoop

• Chinese Cyber espionage Group 'Billbug' Targets Certificate Authority | SecurityWeek.Com

• Previously undetected Earth Longzhi APT is a subgroup of APT41 - Security Affairs

• Rishi Sunak to hold surprise meeting with Chinese president at G20 | Financial Times (ft.com)

• Chinese hackers use Google Drive to drop malware on govt networks (bleepingcomputer.com)

• State-sponsored hackers in China compromise certificate authority | Ars Technica

• Chinese 'Mustang Panda' Hackers Actively Targeting Governments Worldwide (thehackernews.com)

• Reports of Chinese police stations in US worry FBI - BBC News

Nation State Actors – North Korea

• North Korean hackers target European orgs with updated malware (bleepingcomputer.com)

• North Korean Hackers Targeting Europe and Latin America with Updated DTrack Backdoor (thehackernews.com)

Nation State Actors – Iran

• US govt: Iranian hackers breached federal agency using Log4Shell exploit (bleepingcomputer.com)

• CISA: Iranian APT actors compromised federal network (techtarget.com)

• US Gov Warning: Start Hunting for Iranian APTs That Exploited Log4j | SecurityWeek.Com

Nation State Actors – Misc

• State-Backed APT Group Activity Continuing Apace - Infosecurity Magazine (infosecurity-magazine.com)

• The challenges of tracking APT attacks - Help Net Security

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Vulnerability Management

• Misconfigurations, Vulnerabilities Found in 95% of Applications (darkreading.com)

Vulnerabilities

• Microsoft Office lets hackers execute arbitrary code, update now | TechRadar

• Unpatched Zimbra Platforms Are Probably Compromised, CISA Says (darkreading.com)

• All Day DevOps: Third of Log4j downloads still pull vulnerable version despite threat of supply chain attacks | The Daily Swig (portswigger.net)

• Exploit released for actively abused ProxyNotShell Exchange bug (bleepingcomputer.com)

• F5 fixes two remote code execution flaws in BIG-IP, BIG-IQ (bleepingcomputer.com)

• Samba Patches Vulnerability That Can Lead to DoS, Remote Code Execution | SecurityWeek.Com

• Firefox 107 Patches High-Impact Vulnerabilities | SecurityWeek.Com

• Atlassian Releases Patches for Critical Flaws Affecting Crowd and Bitbucket Products (thehackernews.com)

• Windows Kerberos authentication breaks after November updates (bleepingcomputer.com)

• Nasty SQL Injection Bug in Zendesk Endangers Sensitive Customer Data (darkreading.com)

• Mastodon users vulnerable to password-stealing attacks | The Daily Swig (portswigger.net)

• High Severity Vulnerabilities Reported in F5 BIG-IP and BIG-IQ Devices (thehackernews.com)

Tools and Controls

• XDR: Still confusing after all these years | CSO Online

• What is an External Penetration Test? (thehackernews.com)

• MITRE Engenuity Launches Evaluations for Security Service Providers (darkreading.com)

• How Routine Pen Testing Can Reveal the Unseen Flaws in Your Cyber security Posture (darkreading.com)

• How Browser Innovations Are Taking On New Cyber Threats | WIRED UK

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Reports Published in the Last Week

• 2022 Global Threat Report | Elastic

• Cyber Risk Index 1H'22 Snapshot (trendmicro.com)

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Other News

• Cyber security Industry Must Maintain Public Faith in Technology, Says NCSC Founder - Infosecurity Magazine (infosecurity-magazine.com)

• Cyber Resilience: The New Strategy to Cope With Increased Threats | SecurityWeek.Com

• The 4 horsemen of the cyber security apocalypse | Security Magazine

• The Top Five Cyber security Trends of 2023: KnowBe4 Makes Its Predictions - MSSP Alert

• Build a mature approach for better cyber security vendor evaluation | CSO Online

• Almost half of customers have left a vendor due to poor digital trust: Report | CSO Online

• Global 2000 companies failing to adopt key domain security measures | CSO Online

• Research: Most North American SMBs Outsource Cyber security Management to Third Parties - MSSP Alert

• Majority of Companies Reduce Cyber security Staff Over Holidays - Infosecurity Magazine (infosecurity-magazine.com)

• Over 12,000 Cyber Incidents at US DoD Since 2015, But Incident Management Still Lacking | SecurityWeek.Com

• Repair technicians caught snooping on customer data • The Register

• Research: Most North American SMBs Outsource Cyber security Management to Third Parties - MSSP Alert

• 'No guns, no guards, no gates.' NSA opens up to outsiders in fight for cyber security (cyberscoop.com)

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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 26 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

• Lloyd's to Exclude Certain Nation-State Attacks from Cyber Insurance Policies

Lloyd's of London insurance policies will stop covering losses from certain nation-state cyber attacks and those that happen during wars, beginning in seven months' time.

In a memo sent to the company's 76-plus insurance syndicates, underwriting director Tony Chaudhry said Lloyd's remains "strongly supportive" of cyber attack coverage. However, as these threats continue to grow, they may "expose the market to systemic risks that syndicates could struggle to manage," he added, noting that nation-state-sponsored attacks are particularly costly to cover.

Because of this, all standalone cyber attack policies must include "a suitable clause excluding liability for losses arising from any state-backed cyber attack," Chaudhry wrote. These changes will take effect beginning March 31, 2023 at the inception or renewal of each policy.

At a minimum (key word: minimum) these policies must exclude losses arising from a war, whether declared or not, if the policy doesn't already have a separate war exclusion. They must also at least exclude losses from nation-state cyber attacks that "significantly impair the ability of a state to function or that significantly impair the security capabilities of a state."

Policies must also "set out a robust basis" on which to attribute state-sponsored cyber attacks, according to Chaudhry – and therein lies the rub.

Attributing a cyber attack to a particular crime group or nation-state with 100 percent confidence "is absolutely hard," NSA director of cybersecurity Rob Joyce said at this year's RSA Conference.

Threat analysts typically attribute an attack to a nation-state from its level of sophistication, but as advanced persistent crime groups become more sophisticated – and have more resources at their disposal to buy zero-day exploits and employ specialists for each stage of an attack – differentiating between nation-states and cyber crime gangs becomes increasingly difficult, he explained.

There are times when nation-states will act like criminals, using their tools and infrastructure, and sometimes vice versa. The clear line of sophistication and stealth that many have used as a common sense delineation has blurred. Yet, If you are going to pay out money you are likely going to look for something that is more ironclad and likely related to forensic evidence.

https://www.theregister.com/2022/08/24/lloyds_cybersecurity_insurance/

• Cyber Security Top Risk for Enterprise C-Suite Leaders, PwC Study Says

Cyber security is now firmly on the agenda of the entire C-suite, consultancy PricewaterhouseCoopers (PwC) reports in a new survey of more than 700 business leaders across a variety of industries.

Of key enterprise issues, cyber security ranks at the top of business risks, with nearly 80% of the respondents considering it a moderate to serious risk. The warning isn’t confined to just chief information security officers, but ranges from chief executives to chief financial officers, chief operating officers, chief technology officers, chief marketing officers and includes corporate board members. Virtually all roles ranked cyber attacks high on their list of risks, PwC said.

Overall, 40% of business leaders ranked cyber security as the top serious risk facing their companies, and 38% ranked it a moderate risk.

Here are six steps businesses can take to address cyber security concerns:

1. View cyber security as a broad business concern and not just an IT issue.

2. Build cyber security and data privacy into agendas across the C-suite and board.

3. Increase investment to improve security.

4. Educate employees on effective cyber security practices.

5. For each new business initiative or transformation, make sure there’s a cyber plan in place.

6. Use data and intelligence to regularly measure cyber risks. Proactively look for blind spots in third-party relationships and supply chains.

https://www.msspalert.com/cybersecurity-research/cybersecurity-top-risk-for-enterprise-c-suite-leaders-pwc-study-says/

• Apathy Is Your Company's Biggest Cyber Security Vulnerability — Here's How to Combat It

Human error continues to be the leading cause of a cyber security breach. Nearly 60% of organisations experienced a data loss due to an employee's mistake on email in the last year, while one in four employees fell for a phishing attack.

Employee apathy, while it may not seem like a major cyber security issue, can leave an organisation vulnerable to both malicious attacks and accidental data loss. Equipping employees with the tools and knowledge they need to prevent these risks has never been more important to keep organisations safe.

A new report from Tessian sheds light on the full extent of employee apathy and its impact on cyber security posture. The report found that a significant number of employees aren't engaged in their organisation's cyber security efforts and don't understand the role they play. One in three employees say they don't understand the importance of cyber security at work. What's more, only 39% say they're very likely to report a cyber security incident. Why? A quarter of employees say they don't care enough about cyber security to mention it.

This is a serious problem. IT and security teams can't investigate or remediate a threat they don't know about.

Employees play an important role in flagging incidents or suspicious activity early on to prevent them from escalating to a costly breach. Building a strong cyber security culture can mitigate apathy by engaging employees as part of the solution and providing the tools and training they need to work productively and securely.

https://www.darkreading.com/attacks-breaches/apathy-is-your-company-s-biggest-cybersecurity-vulnerability-here-s-how-to-combat-it

• The World’s Largest Sovereign Wealth Fund Warns Cyber Security Is Top Concern, as Attacks on Banks and Financial Service Double

Cyber security has eclipsed tumultuous financial markets as the biggest concern for the world’s largest sovereign wealth fund, as it faces an average of three “serious” cyber attacks each day.

The number of significant hacking attempts against Norway’s $1.2tn oil fund, Norges Bank Investment Management, has doubled in the past two to three years.

The fund, which reported its biggest half-year dollar loss last week after inflation and recession fears shook markets, suffers about 100,000 cyber attacks a year, of which it classifies more than 1,000 as serious, according to its top executives.

“I’m worried about cyber more than I am about markets,” their CEO told the Financial Times. “We’re seeing many more attempts, more attacks [that are] increasingly sophisticated.”

The fund’s top executives are even concerned that concerted cyber attacks are becoming a systemic financial risk as markets become increasingly digitised.

Their deputy CEO pointed to the 2020 attack on SolarWinds, a software provider, by Russian state-backed hackers that allowed them to breach several US government agencies, including the Treasury and Pentagon, and a number of Fortune 500 companies including Microsoft, Intel and Deloitte.

“They estimate there were 1,000 Russians [involved] in that one attack, working in a co-ordinated fashion. I mean, Jesus, that’s our whole building on one attack, so you’re up against some formidable forces there,” he said.

Cyber attacks targeting the financial industry have risen sharply in recent months. Malware attacks globally rose 11 per cent in the first half of 2022, but they doubled at banks and financial institutions, according to cyber security specialist SonicWall. Ransomware attacks dropped 23 per cent worldwide, but increased 243 per cent against financial targets in the same period.

https://www.ft.com/content/1aa6f92a-078b-4e1a-81ca-65298b8310b2

Configuration Errors to Blame for 80% of Ransomware

The vast majority (80%) of ransomware attacks can be traced back to common configuration errors in software and devices, according to Microsoft.

The tech giant’s latest Cyber Signals report focuses on the ransomware as a service (RaaS) model, which it claims has democratised the ability to launch attacks to groups “without sophistication or advanced skills.” Some RaaS programs now have over 50 affiliate groups on their books.

For defenders, a key challenge is ensuring they don’t leave systems misconfigured, it added.

“Ransomware attacks involve decisions based on configurations of networks and differ for each victim even if the ransomware payload is the same,” the report argued. “Ransomware culminates an attack that can include data exfiltration and other impacts. Because of the interconnected nature of the cyber-criminal economy, seemingly unrelated intrusions can build upon each other.”

Although each attack is different, Microsoft pointed to missing or misconfigured security products and legacy configurations in enterprise apps as two key areas of risk exposure.

“Like smoke alarms, security products must be installed in the correct spaces and tested frequently. Verify that security tools are operating in their most secure configuration, and that no part of a network is unprotected,” it urged. “Consider deleting duplicative or unused apps to eliminate risky, unused services. Be mindful of where you permit remote helpdesk apps like TeamViewer. These are notoriously targeted by threat actors to gain express access to laptops.”

Although not named in the report, another system regularly misconfigured and hijacked by ransomware actors is the remote desktop protocol (RDP), which often is not protected by a strong password or two-factor authentication. It’s widely believed to be one of the top three vectors for attack.

The bad news for network defenders is they don’t have much time after initial compromise to contain an attack. Microsoft claimed the median time for an attacker to begin moving laterally inside the network after device compromise is one hour, 42 minutes. The median time for an attacker to access private data following a phishing email is one hour, 12 minutes, the firm added.

https://www.infosecurity-magazine.com/news/configuration-errors-blame-80/

• Ransomware Surges to 1.2 Million Attacks Per Month

Ransomware threat detections have risen to over one million per month this year, with a French hospital the latest to suffer a major outage.

The 1000-bed Center Hospitalier Sud Francilien (CHSF) near Paris revealed it was hit on Sunday morning, in an attack which has knocked out all the hospital's business software, storage systems including medical imaging, and patient admissions. This has led to all but the most urgent emergency patients being diverted to other facilities in the region.

France24 cited figures claiming cyber-attacks against French hospitals surged 70% year-on-year in 2021. "Each day we need to rewrite patients' medications, all the prescriptions, the discharge prescriptions," Valerie Caudwell, president of the medical commission at CHSF hospital, reportedly said. "For the nurses, instead of putting in all the patients' data on the computer, they now need to file it manually from scratch."

Reports suggest Lockbit 3.0 may be to blame for the $10m ransom demand, which the hospital is refusing to pay.

Barracuda Networks claimed in a new report out today that education, municipalities, healthcare, infrastructure and finance have remained the top five targets for ransomware over the past 12 months. However, while attacks on local government increased only slightly, those targeting educational institutions more than doubled, and attacks on the healthcare and financial verticals tripled. Overall, Barracuda claimed that ransomware detections between January and June of this year climbed to more than 1.2 million per month.

https://www.infosecurity-magazine.com/news/ransomware-surges-to-12-million/

• A Massive Hacking Campaign Stole 10,000 Login Credentials From 130 Different Organisations

A phishing campaign targeted Okta users at multiple companies, successfully swiping passwords from staffers and then using them to steal company secrets.

Researchers say that a mysterious “threat actor” (a fancy term for a hacker or hacker group) has managed to steal nearly 10,000 login credentials from the employees of 130 organisations, in the latest far-reaching supply chain attack on corporate America. Many of the victims are prominent software companies, including firms like Twilio, MailChimp, and Cloudflare, among many others.

The news comes from research conducted by cyber security firm Group-IB, which began looking into the hacking campaign after a client was phished and reached out for help. The research shows that the threat actor behind the campaign, which researchers have dubbed “0ktapus,” used basic tactics to target staff from droves of well-known companies. The hacker(s) would use stolen login information to gain access to corporate networks before going on to steal data and then break into another company’s network.

“This case is of interest because despite using low-skill methods it was able to compromise a large number of well-known organisations,” researchers wrote in their blog. “Furthermore, once the attackers compromised an organisation they were quickly able to pivot and launch subsequent supply chain attacks, indicating that the attack was planned carefully in advance.”

https://gizmodo.com/oktapus-okta-hack-twilio-10000-logins-130-companies-1849457420

• This Company Paid a Ransom Demand. Hackers Leaked Its Data Anyway

A victim of a ransomware attack paid to restore access to their network – but the cyber criminals didn't hold up their end of the deal.

The real-life incident, as detailed by cyber security researchers at Barracuda Networks, took place in August 2021, when hackers from BlackMatter ransomware group used a phishing email to compromise the account of a single victim at an undisclosed company.

From that initial entry point, the attackers were able to expand their access to the network by moving laterally around the infrastructure, ultimately leading to the point where they were able to install hacking tools and steal sensitive data. Stealing sensitive data has become a common part of ransomware attacks. Criminals leverage it as part of their extortion attempts, threatening to release it if a ransom isn't received. 

The attackers appear to have had access to the network for at least a few weeks, seemingly going undetected before systems were encrypted and a ransom was demanded, to be paid in Bitcoin.

Cyber security agencies warn that despite networks being encrypted, victims shouldn't pay ransom demands for a decryption key because this only shows hackers that such attacks are effective.

https://www.zdnet.com/article/this-company-paid-a-ransom-demand-hackers-leaked-its-data-anyway/

• Sophisticated BEC Scammers Bypass Microsoft 365 Multi-Factor Authentication

A Business Email Compromise (BEC) attack recently analysed by cloud incident response company Mitiga used an adversary-in-the-middle (AitM) phishing attack to bypass Microsoft Office 365 MFA and gain access to a business executive's account, and then managed to add a second authenticator device to the account for persistent access. According to the researchers, the campaign they analysed is widespread and targets large transactions of up to several million dollars each.

The attack started with a well-crafted phishing email masquerading as a notification from DocuSign, a widely used cloud-based electronic document signing service. The email was crafted to the targeted business executive, suggesting that attackers have done reconnaissance work. The link in the phishing email led to an attacker-controlled website which then redirects to a Microsoft 365 single sign-on login page.

This fake login page uses an AitM technique, where the attackers run a reverse proxy to authentication requests back and forth between the victim and the real Microsoft 365 website. The victim has the same experience as they would have on the real Microsoft login page, complete with the legitimate MFA request that they must complete using their authenticator app. Once the authentication process is completed successfully, the Microsoft service creates a session token which gets flagged in its systems that it fulfilled MFA. The difference is that since the attackers acted as a proxy, they now have this session token too and can use it to access the account.

This reverse proxy technique is not new and has been used to bypass MFA for several years. In fact, easy-to-use open-source attack frameworks have been created for this purpose.

https://www.csoonline.com/article/3670575/sophisticated-bec-scammers-bypass-microsoft-365-multi-factor-authentication.html

• 77% Of Security Leaders Fear We’re in Perpetual Cyber War from Now On

A survey of cyber security decision makers found 77 percent think the world is now in a perpetual state of cyber warfare.

In addition, 82 percent believe geopolitics and cyber security are "intrinsically linked," and two-thirds of polled organisations reported changing their security posture in response to the Russian invasion of Ukraine.

Of those asked, 64 percent believe they may have already been the target of a nation-state-directed cyber attack. Unfortunately, 63 percent of surveyed security leaders also believe that they'd never even know if a nation-state level actor pwned them.

The survey, organised by security shop Venafi, questioned 1,100 security leaders. They said the results show cyber warfare is here, and that it's completely different to many would have imagined. "Any business can be damaged by nation-states," they stated.

It's been common knowledge for some time that government-backed advanced persistent threat (APT) crews are being used to further online geopolitical goals. Unlike conventional warfare, everyone is a target and there's no military or government method for protecting everyone.

Nor is there going to be much financial redress available. Earlier this week Lloyd's of London announced it would no longer recompense policy holders for certain nation-state attacks.

https://www.theregister.com/2022/08/27/in-brief-security/

• Cyber Security Governance: A Path to Cyber Maturity

Organisations need cyber security governance programs that make every employee aware of the cyber security mitigation efforts required to reduce cyber-risks.

In an increasingly challenging threat landscape, many organisations struggle with developing and implementing effective cyber security governance. The "Managing Cybersecurity Risk: A Crisis of Confidence" infographic by the CMMI Institute and ISACA stated: "While enterprise leaders recognise that mature cyber security is essential to thriving in today's digital economy, they often lack the insights and data to have peace of mind that their organisations are efficiently and effectively managing cyber risk."

Indeed, damages from cyber crime are projected to cost the world $7 trillion in 2022, according to the "Boardroom Cybersecurity 2022 Report" from Cybersecurity Ventures. As a result, "board members and chief executives are more interested in cyber security now than ever before," the report stated, adding that the time is ripe for turning awareness into action.

How, then, can board leaders have confidence that their organisations are prepared against cyber attacks? The first order of business for most organisations is to enable a strong cyber security governance program.

Cyber security governance refers to the component of governance that addresses an organisation's dependence on cyber space in the presence of adversaries. The ISO/IEC 27001 standard defines cyber security governance as the following: “The system by which an organisation directs and controls security governance, specifies the accountability framework and provides oversight to ensure that risks are adequately mitigated, while management ensures that controls are implemented to mitigate risks”.

Traditionally, cyber security is viewed through the lens of a technical or operational issue to be handled in the technology space. Cyber security planning needs to fully transition from a back-office operational function to its own area aligned with law, privacy and enterprise risk. The CISO should have a seat at the table alongside the CIO, COO, CFO and CEO. This helps the C-suite understand cyber security as an enterprise-wide risk management issue, along with the legal implications of cyber-risks, and not solely a technology issue.

https://www.techtarget.com/searchsecurity/post/Cybersecurity-governance-A-path-to-cyber-maturity

• The Rise of Data Exfiltration and Why It Is a Greater Risk Than Ransomware

Ransomware is the de facto threat organisations have faced over the past few years. Threat actors were making easy money by exploiting the high valuation of cryptocurrencies and their victims' lack of adequate preparation.

Think about bad security policies, untested backups, patch management practices not up-to-par, and so forth. It resulted in easy growth for ransomware extortion, a crime that multiple threat actors around the world perpetrate.

Something's changed, though. Crypto valuations have dropped, reducing the monetary appeal of ransomware attacks due to organisations mounting better defence against ransomware.

Threat actors have been searching for another opportunity – and found one. It's called data exfiltration, or exfil, a type of espionage causing headaches at organisations worldwide.

Information exfiltration is rapidly becoming more prevalent. Earlier this year, incidents at Nvidia, Microsoft, and several other companies have highlighted how big of a problem it's become – and how, for some organisations, it may be a threat that's even bigger than ransomware.

Nvidia, for example, became entangled in a complex tit-for-tat exchange with hacker group Lapsus$. One of the biggest chipmakers in the world was faced with the public exposure of the source code for invaluable technology, as Lapsus$ leaked the source code for the company's Deep Learning Super Sampling (DLSS) research.

When it comes to exfil extortion, attackers do not enter with the primary aim of encrypting a system and causing disruption the way that a ransomware attacker does. Though, yes, attackers may still use encryption to cover their tracks.

Instead, attackers on an information exfiltration mission will move vast amounts of proprietary data to systems that they control. And here's the game: attackers will proceed to extort the victim, threatening to release that confidential information into the wild or to sell it to unscrupulous third parties.

https://thehackernews.com/2022/08/the-rise-of-data-exfiltration-and-why.html

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Threats

Ransomware

• Ransomware Groups Can Adapt Malware Code to Different Operating Systems Simultaneously, Kaspersky Research Finds - MSSP Alert

• [Whoa] Ransomware Strains Almost Double in Six Months from 5,400 to 10,666 (knowbe4.com)

• Ransomware: Most attacks exploit these common cyber security mistakes - so fix them now, warns Microsoft | ZDNET

• Ransomware dominates the threat landscape - Help Net Security

• We need to think about ransomware differently - Help Net Security

• Disk wiping malware knows no borders - Help Net Security

• NATO investigates hacker sale of missile firm data - BBC News           

• Cyber attackers disrupt services at French hospital, demand $10 million ransom (france24.com)

• New 'Agenda' Ransomware Customized for Each Victim | SecurityWeek.Com

• LockBit gang hit by DDoS attack after Entrust leaks • The Register

• New ransomware HavanaCrypt poses as Google software update | CSO Online

• WannaCry explained: A perfect ransomware storm | CSO Online

• LockBit Ransomware Site Hit by DDoS Attack as Hackers Start Leaking Entrust Data | SecurityWeek.Com

• New Golang Ransomware Agenda Customizes Attacks (trendmicro.com)

• New 'BianLian' Ransomware Variant on the Rise (darkreading.com)

• New 'Donut Leaks' extortion gang linked to recent ransomware attacks (bleepingcomputer.com)

• Ransomware Attacks are on the Rise | Threatpost

• Quantum ransomware attack disrupts govt agency in Dominican Republic (bleepingcomputer.com)

• Car Dealership Hit by Major Ransomware Attack - Infosecurity Magazine

• Ransomware Gang Leaks Data Allegedly Stolen from Greek Gas Supplier | SecurityWeek.Com

• Major airline technology provider Accelya attacked by ransomware group - The Record by Recorded Future

• Businesses expect the government to increase its financial assistance for all ransomware incidents - Help Net Security

BEC – Business Email Compromise

• Before Portland lost $1.4 million in cyber breach, city treasurer raised red flag - OPB

Phishing & Email Based Attacks

• Phishing attacks abusing SaaS platforms see a massive 1,100% growth (bleepingcomputer.com)

• Researchers Warn of AiTM Attack Targeting Google G-Suite Enterprise Users (thehackernews.com)

• Unusual Microsoft 365 Phishing Campaign Spoofs eFax Via Compromised Dynamics Voice Account (darkreading.com)

• Hiding a phishing attack behind the AWS cloud • The Register

• 10 key facts about callback phishing attacks - CyberTalk 2022

Other Social Engineering; Smishing, Vishing, etc

• New social engineering tactics discovered in the wild - Help Net Security

Malware

• Threat actor abuses Genshin Impact Anti-Cheat driver to disable antivirus - Security Affairs

• Fake DDoS Protection Alerts Distribute Dangerous RAT (darkreading.com)

• Meet Borat RAT, a New Unique Triple Threat (thehackernews.com)

• Donot Team group updates its Windows malware framework - Security Affairs

• How 'Kimsuky' hackers ensure their malware only reach valid targets (bleepingcomputer.com)

• Grandoreiro banking malware targets Mexico and Spain - Security Affairs

• Fake Chrome extension 'Internet Download Manager' has 200,000 installs (bleepingcomputer.com)

• Threat actors are using the Tox P2P messenger as C2 server - Security Affairs

Mobile

• Google Play Store Serving Up Chameleon-like Apps (informationsecuritybuzz.com)

• We can make our phones harder to hack but complete security is a pipe dream | John Naughton | The Guardian

Internet of Things – IoT

• Cyber criminals Are Selling Access to Chinese Surveillance Cameras | Threatpost

• IoT Vulnerability Disclosures Up 57% in Six Months, Claroty Reveals - Infosecurity Magazine

• Thousands of Organisations Remain at Risk from Critical Zero-Click IP Camera Bug (darkreading.com)

Data Breaches/Leaks

• LastPass data breach: threat actors stole portion of source code - Security Affairs

• Plex discloses data breach and urges password reset - Security Affairs

• Why the Twilio Breach Cuts So Deep | WIRED

• Plex was compromised, exposing usernames, emails, and passwords - The Verge

• DoorDash discloses new data breach tied to Twilio hackers (bleepingcomputer.com)

• Data on California Prisons' Visitors, Staff, Inmates Exposed | SecurityWeek.Com

• Expert Commentary On The Plex Data Breach (informationsecuritybuzz.com)

• Textile Company Sferra Discloses Data Breach | SecurityWeek.Com

• Novant Health: Oops, we leaked 1.3m patients' info to Meta • The Register

Organised Crime & Criminal Actors

• RaaS Kits Are Hiding Who The Attackers Really Are – Expert Comments (informationsecuritybuzz.com)

• Researchers warn of darkverse emerging from the metaverse | CSO Online

 Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• An anatomy of crypto-enabled cyber crime | Financial Times (ft.com)

• Cryptojackers Spread Across Computers Globally- IT Security Guru

• Hackers Are Breaking Into and Emptying Cash App Accounts (vice.com)

• Threat actors are stealing funds from General Bytes Bitcoin ATMSecurity Affairs

• How Economic Changes and Crypto's Rise Are Fuelling the use of "Cyber Mules" | SecurityWeek.Com

Fraud, Scams & Financial Crime

• Scammers Create “AI Hologram” of C-Suite Crypto Exec - Infosecurity Magazine

• Employee fraud: Beware of deepfake job applicants - Protocol

• A closer look at identity crimes committed against individuals - Help Net Security

• What type of fraud enables attackers to make a living? - Help Net Security

Insurance

• Lloyds Of London Ends Insurance Coverage For State Cyber Attacks, Expert (informationsecuritybuzz.com)

Software Supply Chain

• Why SBOMs alone aren’t enough for software supply chain security | CSO Online

Denial of Service DoS/DDoS

• DDoS attacks jump 203%, patriotic hacktivism surges - Help Net Security

• Threat Actor Deploys Raven Storm Tool to Perform DDoS Attacks - Infosecurity Magazine

• LockBit gang hit by DDoS attack after Entrust leaks • The Register

• Gambling sites are losing significant amounts of revenue due to raising DDoS attacks - Help Net Security

Cloud/SaaS

• Mitiga: Attackers evade Microsoft MFA to lurk inside M365 (techtarget.com)

• Phishing attacks abusing SaaS platforms see a massive 1,100% growth (bleepingcomputer.com)

• How complicated access management protocols have impacted cloud security - Help Net Security

Identity and Access Management

• IT leaders struggling to address identity sprawl - Help Net Security

• Identity Security Pain Points and What Can Be Done (darkreading.com)

• Thoma Bravo: Securing digital identities has become a major priority - Help Net Security

Encryption

• CISA: Action required now to prepare for quantum computing cyber threats | ZDNET

• Encrypted Traffic Analysis: Mitigating Against The Risk Of Encryption (informationsecuritybuzz.com)

• US Government: Stop Dickering and Prepare for Post-Quantum Encryption Now - CNET

API

• API security incidents occur at least once a month - Help Net Security

Passwords, Credential Stuffing & Brute Force Attacks

• Credential phishing attacks rise and represent a huge threat to businesses - Help Net Security

• Twilio hackers breached over 130 organisations during months-long hacking spree | TechCrunch

• FBI: Beware Residential IPs Hiding Credential Stuffing - Infosecurity Magazine

Social Media

• Experts Reaction to Poor Security At Twitter (informationsecuritybuzz.com)

Privacy

• Oracle sued over ‘worldwide surveillance machine’ by privacy rights activists | CSO Online

• Most top mobile carriers retain geolocation data for two years on average, FCC findings show - CyberScoop

Travel

• Hackers target hotel and travel companies with fake reservations (bleepingcomputer.com)

• Fake Reservation Links Prey on Weary Travelers | Threatpost

• British Airways passengers targeted in baggage scam using Twitter | The Independent

Models, Frameworks and Standards

• PCI DSS v4.0 is coming, here's how to prepare to comply (techtarget.com)

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

• Lloyd's of London Introduces New War Exclusion Insurance Clauses | SecurityWeek.Com

• The (Nation) State of Cyber: 64% of Businesses Suspect They've Been Targeted or Impacted by Nation-State Attacks (darkreading.com)

• EU Outlines Critical Cyber Response to Ukraine War - Infosecurity Magazine

• Unprecedented cyber attack hit State Infrastructure of Montenegro - Security Affairs

• Suspected Iranian Hackers Targeted Several Israeli Organisations for Espionage (thehackernews.com)

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Nation State Actors

Nation State Actors – Russia

• Microsoft: Russian hackers gain powerful 'MagicWeb' authentication bypass | ZDNET

• Microsoft Attributes New Post-Compromise Capability to Nobelium - Infosecurity Magazine

Nation State Actors – Iran

• Google Uncovers Tool Used by Iranian Hackers to Steal Data from Email Accounts (thehackernews.com)

• Iranian Hackers Exploiting Unpatched Log4j 2 Bugs to Target Israeli Organisations (thehackernews.com)

Nation State Actors – Misc APT

• Donot Team group updates its Windows malware framework - Security Affairs

• Cyber crime Groups Increasingly Adopting Sliver Command-and-Control Framework (thehackernews.com)

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Vulnerability Management

• Up to 35% more CVEs published so far this year compared to 2021 | CSO Online

• Why patching quality, vendor info on vulnerabilities are declining | CSO Online

• How fast is the financial industry fixing its software security flaws? - Help Net Security

• Highlighting What should be Patched First at the Endpoint (bleepingcomputer.com)

Vulnerabilities

• Cisco Patches High-Severity Vulnerabilities in Business Switches | SecurityWeek.Com

• CISA Warns of Active Exploitation of Palo Alto Networks' PAN-OS Vulnerability (thehackernews.com)

• Critical flaw impacts Atlassian Bitbucket Server and Data Center - Security Affairs

• VMware fixes privilege escalation vulnerabilities in VMware Tools - Infosecurity Magazine

• VMware LPE Bug Allows Cyber attackers to Feast on Virtual Machine Data (darkreading.com)

• Critical RCE bug in GitLab patched, update ASAP! (CVE-2022-2884) - Help Net Security

• Mac users urged to update Zoom, after security patch released for previously-flawed security patch (bitdefender.com)

• Zoom patches root exploit, patches patch due to root exploit • The Register

• US government really hopes you've patched your Zimbra server • The Register

• Apple security flaw ‘actively exploited’ by hackers to fully control devices | Apple | The Guardian

• Microsoft publicly discloses details on critical ChromeOS flaw - Security Affairs

• Mozilla Patches High-Severity Vulnerabilities in Firefox, Thunderbird | SecurityWeek.Com

• 'DirtyCred' Vulnerability Haunting Linux Kernel for 8 Years | SecurityWeek.Com

• Privilege Escalation Flaw Haunts VMware Tools | SecurityWeek.Com

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Reports Published in the Last Week

• Cyber Signals: Defend against the new ransomware landscape - Microsoft

• Threat Spotlight: The untold stories of ransomware - Journey Notes (barracuda.com)

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Other News

• How attackers use and abuse Microsoft MFA - Help Net Security

• There is an urgent need to reduce systemic cyber risks | Financial Times (ft.com)

• Critical infrastructure is under attack from hackers. Securing it needs to be a priority - before it's too late | ZDNET

• We Need to Talk About How Good A.I. Is Getting - The New York Times (nytimes.com)

• A lack of endpoint security strategy is leaving enterprises open to attack - Help Net Security

• NIST Weighs in on AI Risk (darkreading.com)

• Twitter whistleblower report holds security lessons (techtarget.com)

• Nearly 3 Years Later, SolarWinds CISO Shares 3 Lessons From the Infamous Attack (darkreading.com)

• Data governance: 5 tips for holistic data protection - Microsoft Security Blog

• US Government Spending Billions on Cyber security (thehackernews.com)

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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.

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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 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 20 May 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

• Fifth of Businesses Say Cyber Attack Nearly Broke Them

A fifth of US and European businesses have warned that a serious cyber attack nearly rendered them insolvent, with most (87%) viewing compromise as a bigger threat than an economic downturn, according to Hiscox.

The insurer polled over 5000 businesses in the US, UK, Ireland, France, Spain, Germany, the Netherlands and Belgium to compile its annual Hiscox Cyber Readiness Report.

It revealed the potentially catastrophic financial damage that a serious cyber-attack can wreak. The number claiming to have nearly been brought down by a breach increased 24% compared to the previous year.

Nearly half (48%) of respondents said they suffered an attack over the past 12 months, a 12% increase from the previous report’s findings. Perhaps unsurprisingly, businesses in seven out of eight countries see cyber as their biggest threat.

Yet perception appears to vary greatly depending on whether an organisation has suffered a serious compromise or not. While over half (55%) of total respondents said they view cyber as a high-risk area, the figure among companies that have not yet suffered an attack is just 36%.

https://www.infosecurity-magazine.com/news/fifth-of-businesses-cyber-attack/

• Weak Security Controls and Practices Routinely Exploited for Initial Access

Cyber actors routinely exploit poor security configurations (either misconfigured or left unsecured), weak controls, and other poor cyber hygiene practices to gain initial access or as part of other tactics to compromise a victim’s system. A joint Cybersecurity Advisory by the cyber security authorities of the United States, Canada, New Zealand, the Netherlands, and the United Kingdom identifies commonly exploited controls and practices and includes best practices to mitigate the issues.

Malicious cyber actors often exploit the following common weak security controls, poor configurations, and poor security practices to employ the initial access techniques.

• Multifactor authentication (MFA) is not enforced

• Incorrectly applied privileges or permissions and errors within access control lists

• Software is not up to date

• Use of vendor-supplied default configurations or default login usernames and passwords

• Remote services, such as a virtual private network (VPN), lack sufficient controls to prevent unauthorised access

• Strong password policies are not implemented

• Cloud services are unprotected

• Open ports and misconfigured services are exposed to the internet

• Failure to detect or block phishing attempts

• Poor endpoint detection and response.

https://www.cisa.gov/uscert/ncas/alerts/aa22-137a

• How Do Ransomware Attacks Impact Victim Organisations’ Stock?

Ransomware has developed into an extremely lucrative business model with little risk involved for the threat actors. Couple this with the willingness of most victim organisations to pay the ransom demand under the assumption it will return business operations to normal - ultimately encouraging more attacks - and we have a big problem with no easy remedies.

Back in 2021, Cybereason published a report titled Ransomware Attacks and the True Cost to Business that revealed the various costs that organisations face after falling victim to a ransomware attack. Here are some of the most significant findings that stood out:

• Two-thirds of ransomware victims said that they endured a significant loss of revenue following the attack

• More than half (53%) of organisations suffered damage to their brand and reputation after a ransomware infection

• A third of those who fell to ransomware lost C-level talent in the attack’s aftermath

• Three in 10 organisations had no choice but to lay off employees due to the financial pressures resulting from a ransomware incident

• A quarter of ransomware victims said that they needed to suspend operations.

https://www.msspalert.com/cybersecurity-guests/how-do-ransomware-attacks-impact-victim-organizations-stock/

• Prioritise Patching Vulnerabilities Associated with Ransomware

In the last quarter, ransomware attacks have made mainstream headlines on a near-daily basis, with groups like Lapsus$ and Conti’s names splashed across the page. Major organisations like Okta, Globant and Kitchenware maker Meyer Corporation have all fallen victim, and they are very much not alone. The data indicates that increasing vulnerabilities, new advanced persistent threat (APT) groups and new ransomware families are contributing to ransomware’s continued prevalence and profitability.

The top stats include:

• 22 new vulnerabilities and nine new weaknesses have been associated with ransomware since January 2022; of the 22, a whopping 21 are considered of critical or high risk severity

• 19 (out of 22) of the newly-added vulnerabilities are associated with the Conti ransomware gang

• Three new APT groups (Exotic Lily, APT 35, DEV-0401) and four new ransomware families (AvosLocker, Karma, BlackCat, Night Sky) are deploying ransomware to attack their targets

• 141 of CISA’s Known Exploited Vulnerabilities (KEVs) are being used by ransomware operators – including 18 newly identified this quarter

• 11 vulnerabilities tied to ransomware remain undetected by popular scanners

• 624 unique vulnerabilities were found within the 846 healthcare products analysed.

https://www.helpnetsecurity.com/2022/05/19/increase-ransomware-vulnerabilities/

• Researchers Warn of Advanced Persistent Threats (APTs), Data Leaks as Serious Threats Against UK Financial Sector

Researchers say that geopolitical tension, ransomware, and cyber attacks using stolen credentials threaten the UK's financial sector.

KELA's security team published a report examining the cyber security issues and attacks that surfaced in 2021 and early 2022, specifically focused on the United Kingdom's banks and other financial services.

The UK was one of the first countries to stand with Ukraine after the invasion by Russia. This could make UK organisations a tempting target for threat actors siding with Russia - whether by state-sponsored advanced persistent threat (APT) groups or hacktivists. The National Cyber Security Centre (NCSC) previously warned businesses to shore up their cyber security following Russia's assault.

APTs are often responsible for attacking the financial sector: account credentials, card numbers, and the personally identifiable information (PII) of customers are useful not only in social engineering and identity theft but also to make fraudulent purchases or for card cloning.

APTs target organisations worldwide, and those located in the UK are no exception. Over the past few years, APTs, including the Chinese APT40 and APT31, have utilised vulnerabilities, including ProxyLogon, to compromise UK businesses.

"In general, APTs may target the financial sector to commit fraud, burglarise ATMs, execute transactions, and penetrate organisations' internal financial systems," KELA says. "Although specific threats to the UK financial sector have not been identified, there is no doubt that the UK has occasionally been a target of APT groups during 2021."

Exposed corporate information and leaked credentials are also of note. After browsing Dark Web forums, the researchers found that UK data is "in demand" by cyber criminals who are seeking PII, access credentials, and internal data.

https://www.zdnet.com/article/researchers-warn-of-apts-data-leaks-as-serious-threats-against-uk-financial-sector/

• Remote Work Hazards: Attackers Exploit Weak WiFi, Endpoints, and the Cloud

Infoblox unveils a global report examining the state of security concerns, costs, and remedies. As the pandemic and uneven shutdowns stretch into a third year, organisations are accelerating digital transformation projects to support remote work. Meanwhile, attackers have seized on vulnerabilities in these environments, creating more work and larger budgets for security teams.

1,100 respondents in IT and cyber security roles in 11 countries – United States, Mexico, Brazil, United Kingdom, Germany, France, the Netherlands, Spain, United Arab Emirates, Australia, and Singapore – participated in the survey.

The surge in remote work has changed the corporate landscape significantly – and permanently. 52% of respondents accelerated digital transformation projects, 42% increased customer portal support for remote engagement, 30% moved apps to third party cloud providers, and 26% shuttered physical offices for good. These changes led to the additions of VPNs and firewalls, a mix of corporate and employee owned devices as well as cloud and on-premises DDI servers to manage data traffic across the expanded network.

The hybrid workforce reality is causing greater concerns with data leakage, ransomware and attacks through remote access tools and cloud services. Respondents indicate concerns about their abilities to counter increasingly sophisticated cyber attacks with limited control over employees, work-from-home technologies, and vulnerable supply chain partners. The sophistication of state-sponsored malware also is a source of worry for many.

Organisations have good reason to worry: 53% of respondents experienced up to five security incidents that led to at least one breach.

https://www.helpnetsecurity.com/2022/05/17/state-of-security/

• Small Businesses Under Fire from Password Stealers

Password-stealing malware and other cyber attacks have increased significantly against small businesses over the past year, according to Kaspersky researchers.

An assessment released this week detailed the number of Trojan Password Stealing Ware (PSW) detections, internet attacks and attacks on Remote Desktop Protocol (RDP) between January and April 2022, compared with the same time frame from 2021. Kaspersky's research showed a jump in the detection of password stealers within small business environments, as well as increases in other types of cyber attacks.

According to Kaspersky, the biggest increase in threats against small businesses was password stealers, specifically Trojan PSWs. There were nearly 1 million more detected Trojan PSWs targeting small and medium-sized businesses in the first trimester of 2022 than the first of 2021, increasing from 3,029,903 to 4,003,323.

https://www.techtarget.com/searchsecurity/news/252518442/Small-businesses-under-fire-from-password-stealers

• Email Is the Riskiest Channel for Data Security

Research from Tessian and the Ponemon Institute reveals that nearly 60% of organisations experienced data loss or exfiltration caused by an employee mistake on email in the last 12 months.

Email was revealed as the riskiest channel for data loss in organisations, as stated by 65% of IT security practitioners. This was closely followed by cloud file-sharing services (62%) and instant messaging platforms (57%).

The research surveyed 614 IT security practitioners across the globe to also reveal that:

• Employee negligence, because of not following policies, is the leading cause of data loss incidents (40%)

• 27% of data loss incidents are caused by malicious insiders

• It takes up to three days for security and risk management teams to detect and remediate a data loss and exfiltration incident caused by a malicious insider on email

• 23% of organisations experience up to 30 security incidents involving employees’ use of email every month (for example, email was sent to an unintended recipient).

The most common types of confidential and sensitive information lost or intentionally stolen include: customer information (61%); intellectual property (56%); and consumer information (47%). User-created data (sensitive email content, text files, M&A documents), regulated data (credit card data, Social Security numbers, national ID numbers, employee data), and intellectual property were identified as the three types of data that are most difficult to protect from data loss.

The top two consequences for data loss incidents were revealed as non-compliance with data protection regulations (57%) and damage to an organisation’s reputation (52%). Furthermore, a previous study from Tessian found that 29% of businesses lost a client or customer because of an employee sending an email to the wrong person.

https://www.helpnetsecurity.com/2022/05/20/data-loss-email/

• Phishing Attacks for Initial Access Surged 54% in Q1

Threat actors doubled down on their use of phishing emails as an initial attack vector during the first quarter of 2022 — and in many cases then used that access to drop ransomware or to extort organisations in other ways.

Researchers from Kroll recently analysed data gathered from security incidents they responded to in the first three months of this year. The analysis showed a 54% increase in incidents of phishing for initial access compared with the same period last year.

For the first time since Microsoft disclosed the so-called ProxyLogon set of vulnerabilities in Exchange Server in the first quarter of 2021, incidents tied to email compromises surpassed those related to ransomware. Kroll described the sharp increase in phishing activity as likely the result of a surge in activity tied to Emotet and IceID malware — threat actors have been using both to drop other malware.

https://www.darkreading.com/risk/phishing-attacks-for-initial-access-surged-q1

• Fears Grow for Smaller Nations After Ransomware Attack on Costa Rica Escalates

Conti demanded $20M in ransom — and the overthrow of the government.

It’s been a rough start for the newly elected Costa Rica president Rodrigo Chaves, who less than a week into office declared his country “at war” with the Conti ransomware gang.

“We’re at war and this is not an exaggeration,” Chaves told local media. “The war is against an international terrorist group, which apparently has operatives in Costa Rica. There are very clear indications that people inside the country are collaborating with Conti.”

Conti’s assault on the Costa Rican government began in April. The country’s Finance Ministry was the first hit by the Russia-linked hacking group, and in a statement on May 16, Chaves said the number of institutions impacted had since grown to 27. This, he admitted, means civil servants wouldn’t be paid on time and will impact the country’s foreign trade.

In a message posted to its dark web leaks blog, Conti urged the citizens of Costa Rica to pressure their government to pay the ransom, which the group doubled from an initial $10 million to $20 million. In a separate statement, the group warned: “We are determined to overthrow the government by means of a cyber attack, we have already shown you all the strength and power.”

Conti is among the most prolific hacking groups. The FBI warned earlier this year that the gang was among “the three top variants” that targeted businesses in the United States, and it has been blamed for ransomware attacks targeting dozens of businesses, including Fat Face, Shutterfly and the Irish healthcare service.

But Conti has picked up its pace in recent months: In January and February it published 31 victims on its leaks blog. In March and April, it posted 133 victims.

https://techcrunch.com/2022/05/20/costa-rica-ransomware-attack/

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Threats

Ransomware

• Ransomware Gangs Rely More on Weaponizing Vulnerabilities (bleepingcomputer.com)

• Ransomware Gang Extorted 725 BTC in One Attack, On-Chain Sleuths Find (coindesk.com)

• 5 Critical Questions to Test Your Ransomware Preparedness - Help Net Security

• “Alarming” Surge in Conti Group Activity This Year - Infosecurity Magazine

• Why AI-Powered Ransomware Cyber Attacks Could Be Coming Soon - Protocol

• Nikkei Says Customer Data Likely Impacted in Ransomware Attack | SecurityWeek.Com

• Wizard Spider Hackers Hire Cold Callers to Scare Ransomware Victims Into Paying Up | ZDNet

• Greenland Hit by Cyber Attack, Finds Its Health Service Crippled (bitdefender.com)

• Conti Ransomware Shuts Down Operation, Rebrands into Smaller Units (bleepingcomputer.com)

• No One Is Slowing Down BlackByte Ransomware Gang • The Register

• President Rodrigo Chaves says Costa Rica is at war with Conti hackers - BBC News

• Engineering Firm Parker Discloses Data Breach After Ransomware Attack (bleepingcomputer.com)

• US links Thanos and Jigsaw ransomware to 55-year-old doctor (bleepingcomputer.com)

• Russian Conti Ransomware Gang Threatens to Overthrow New Costa Rican Government (thehackernews.com)

Phishing & Email Based Attacks

• This Phishing Attack Delivers Three Forms of Malware. And They All Want to Steal Your Data | ZDNet

• HTML Attachments Remain Popular Among Phishing Actors In 2022 (bleepingcomputer.com)

• Chatbot Army Deployed in Latest DHL Shipping Phish (darkreading.com)

• Phishing Gang That Stole Over 400,000 Euros Busted in Spain (tripwire.com)

• Long Lost @ Symbol Gets New Life Obscuring Malicious URLs | Malwarebytes Labs

• Spanish Police Dismantle Phishing Gang That Emptied Bank Accounts (bleepingcomputer.com)

Malware

• Emotet is the Most Common Malware - Help Net Security

• Microsoft Identifies Botnet Variant Targeting Windows and Linux Systems - Infosecurity Magazine

• Activity of the Linux XorDdos bot increased by 254% over the last 6 monthsSecurity Affairs

• Fake Domains Offer Windows 11 Installers - But Deliver Malware Instead | ZDNet

• Bruised but Not Broken: The Resurgence of the Emotet Botnet Malware (trendmicro.com)

• Malicious PyPI Pymafka Package Opens Backdoors On Windows, Linux, and Macs (bleepingcomputer.com)

• April VMware Bugs Abused to Deliver Mirai Malware, Exploit Log4Shell | Threatpost

Mobile

• 6 Scary Tactics Used in Mobile App Attacks (darkreading.com)

• Researchers Find Potential Way to Run Malware on iPhone Even When it's OFF (thehackernews.com)

• Google TAG: Cytrox's Predator Spyware Used to Target Android Users | WIRED

IoT

• New Bluetooth Hack Could Let Attackers Remotely Unlock Smart Locks and Cars (thehackernews.com)

Data Breaches/Leaks

• Cornwall Council Data Breach - Information Security Buzz

• Pharmacy Giant Hit By Data Breach Affecting 3.6 Million Customers - Infosecurity Magazine

Organised Crime & Criminal Actors

• Ukrainian Hacker Jailed for 4-Years in U.S. for Selling Access to Hacked Servers (thehackernews.com)

• US Recovers a Record $15m from the 3ve Ad-Fraud Crew • The Register

Cryptocurrency/Cryptomining/Cryptojacking/NFTs

• How Cryptocurrencies Enable Attackers and Defenders (techtarget.com)

• Monero-Mining Sysrv Botnet Targets Windows, Linux Web Servers • The Register

• US Brings First-Of-Its-Kind Bitcoin Sanctions-Busting Case • The Register

• Fake Pixelmon NFT Site Infects You with Password-Stealing Malware (bleepingcomputer.com)

• Hackers Compromise a String of NFT Discord Channels (vice.com)

Fraud, Scams & Financial Crime

• Popularity Of Online Payment Goes Hand-In-Hand with Fraud - Help Net Security

Supply Chain and Third Parties

• MITRE Creates Framework for Supply Chain Security (darkreading.com)

• The Four Horsemen of Software Supply Chain Attacks - MSSP Alert

• Recovering From a Cyber Security Earthquake: The Lessons Organisations Must Learn - Help Net Security

Cloud/SaaS

• 7 Key Findings from the 2022 SaaS Security Survey Report (thehackernews.com)

• New Research Identifies Poor IAM Policies as The Greatest Cloud Vulnerability - CyberScoop

• Are You Investing in Securing Your Data in the Cloud? (thehackernews.com)

• 380K Kubernetes API Servers Exposed to Public Internet | Threatpost

Open Source

• The Industry Must Better Secure Open Source Code From Threat Actors (darkreading.com)

Privacy

• How To Ensure That the Smart Home Doesn’t Jeopardize Data Privacy? - Help Net Security

• Privacy. Ad Bidders Haven't Heard of It, Report Reveals • The Register

• Third-Party Web Trackers Log What You Type Before Submitting (bleepingcomputer.com)

Passwords & Credential Stuffing

• The Most Insecure and Easily Hackable Passwords - Help Net Security

• Half of IT Leaders Store Passwords in Shared Docs - Infosecurity Magazine

Cyber Bullying and Cyber Stalking

• UK Sextortion Cases Doubled in 2021 - Infosecurity Magazine

Regulations, Fines and Legislation

• Europe Moves Closer to Stricter Cyber Security Standards • The Register

• EU's NIS 2 Directive to Strengthen Cyber Security Requirements For Companies - Help Net Security

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

• Google TAG: Cytrox's Predator Spyware Used to Target Android Users | WIRED

• Britain can legally launch cyber attacks against hostile states, says Attorney General (telegraph.co.uk)

• How Mobile Networks Have Become a Front in the Battle for Ukraine (darkreading.com)

• China-linked Twisted Panda Caught Spying on Russian R&D Orgs • The Register

• Pro-Russian Hackers Spread Hoaxes to Divide Ukraine, Allies | SecurityWeek.Com

• A custom PowerShell RAT Targets Germany Using Crisis in Ukraine as Bait - Security Affairs

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Nation State Actors

Nation State Actors – Russia

• Putin Promises to Bolster Russia's IT Security in Face of Cyber Attacks | Reuters

• Russian Hackers Declare War On 10 Countries After Failed Eurovision DDoS attack | IT PRO

• Pro-Russian Information Operations Escalate in Ukraine War (darkreading.com)

• Russian Undersea Cable Threat Shifts Tech Business to UK (telegraph.co.uk)

• Russians Allegedly Storm Ukrainian ISP, Blackmail It to Switch To Russian Networks - CyberScoop

• Russia-linked Sandworm Continues to Conduct Attacks Against Ukraine - Security Affairs

• Russian Cyber Attack on Eurovision Foiled By Italian Authorities (bitdefender.com)

• This Russian Botnet Does Far More Than DDoS Attacks - And on A Massive Scale | ZDNet

Nation State Actors – China

• Chinese ‘Space Pirates’ are Hacking Russian Aerospace Firms (bleepingcomputer.com)

Nation State Actors – North Korea

• FBI Warns of North Korean Spies Posing as Foreign IT Workers • The Register

Nation State Actors – Iran

• US Charges Venezuelan Doctor with Selling Ransomware Used By Iranian Group | Reuters

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Vulnerability Management

• APTs Overwhelmingly Share Known Vulnerabilities Rather Than Attack O-Days | Threatpost

• How Micropatching Could Help Close the Security Update Gap (techtarget.com)

• Partial Patching Still Provides Strong Protection Against APTs (darkreading.com)

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Vulnerabilities

• QNAP Urges Users to Update NAS Devices to Prevent Deadbolt Ransomware Attacks (thehackernews.com)

• Cisco Fixes an IOS XR Flaw Actively Exploited in The Wild - Security Affairs

• 2 Vulnerabilities With 9.8 Severity Ratings Are Under Exploit. A 3rd Looms | Ars Technica

• Microsoft Rushes a Fix After May Patch Tuesday Breaks Authentication (darkreading.com)

• Microsoft Fixes New PetitPotam Windows NTLM Relay Attack Vector (bleepingcomputer.com)

• Apple Patches Zero-Day Kernel Hole and Much More – Update Now! – Naked Security (sophos.com)

• Two Business-Grade Netgear VPN Routers Have Security Vulnerabilities That Can't Be Fixed - Help Net Security

• SharePoint RCE Bug Resurfaces Three Months After Being Patched by Microsoft | The Daily Swig (portswigger.net)

• High-Severity Bug Reported in Google's OAuth Client Library for Java (thehackernews.com)

• Over 20,000 Zyxel Firewalls Still Exposed to Critical Bug - Infosecurity Magazine

• Apple Fixes the Sixth Zero-Day Since The Beginning of 2022 - Security Affairs

• Apache Releases Security Advisory for Tomcat | CISA

• Mozilla Patches Wednesday’s Pwn2Own Double-Exploit… on Friday! – Naked Security (sophos.com)

• Critical Vulnerability in Premium WordPress Themes Allows for Site Takeover | Threatpost

• Critical Jupiter WordPress Plugin Flaws Let Hackers Take Over Sites (bleepingcomputer.com)

• Apple Finally Patches Exploited Vulnerabilities in macOS Big Sur, Catalina | SecurityWeek.Com

• NVIDIA Fixes Ten Vulnerabilities in Windows GPU Display Drivers (bleepingcomputer.com)

• Gmail-Linked Facebook Accounts Vulnerable to Attack Using A Chain Of Bugs—Now Fixed | Malwarebytes Labs

• New Brute Force Attacks Against SQL Servers Use PowerShell Wrapper | SecurityWeek.Com

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Sector Specific

Retail/eCommerce

• How Crooks Backdoor Sites and Scrape Credit Card Info • The Register

• Digital Skimming is Now the Preserve of Non-Magecart Groups - Infosecurity Magazine

Energy & Utilities

• Water Companies Are Increasingly Uninsurable Due To Ransomware, Industry Execs Say - CyberScoop

• UK Announces Nuclear Cyber Security Strategy - IT Security Guru

Education and Academia

• Ransomware Attack Exposes Data of 500,000 Chicago Students (bleepingcomputer.com)

• Higher Education Institutions Being Targeted for Ransomware Attacks | TechRepublic

• “Incompetent” Council Leaks Details of Students With Special Educational Needs • Graham Cluley

• Researchers Find Backdoor in School Management Plugin for WordPress (thehackernews.com)

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Reports Published in the Last Week

• Q2 2022 State of Fraud & Account Security Report - Arkose Labs

• 2022 SaaS Security Survey Report (adaptive-shield.com)

• 2021-2022 UK Financial Sector Dark Web Threat Landscape Report - Kela (ke-la.com)

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Other News

• UK Government: Lack of Skills the Number One Issue in Cyber Security - Infosecurity Magazine

• Malicious Hackers Are Finding It Too Easy to Achieve Their Initial Access (tripwire.com)

• NIST’s Cyber Security Framework Has Become The Common Language For International Cyber Security (scmagazine.com)

• How Threat Actors Are a Click Away From Becoming Quasi-APTs (darkreading.com)

• Cyber Security: Global Food Supply Chain at Risk From Malicious Hackers - BBC News

• Cyber Security Agencies Reveal Top Initial Access Attack Vectors (bleepingcomputer.com)

• 50% of Orgs Rely on Email to Manage Security (darkreading.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.

Black Arrow Cyber Threat Briefing 05 May 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

• Cyber Scams Cost Victims $6.9b-Plus Worldwide in 2021

Cyber-scams cost victims around the globe at least $6.9 billion last year, according to the FBI's latest Internet Crime Report.

Since 2017, the bureau's Internet Crime Complaint Center (IC3) received an average of 552,000 complaints per year. This includes reports of extortion, identity theft, phishing, fraud, and a slew of other nefarious schemes that cost victims no less than $18.7 billion in losses over the five-year period.

Unsurprisingly, the volume of these crimes — and related costs — have grown every year; 2021 set records for the total number of complaints (847,376) as well as losses exceeding $6.9 billion, a jump from the $4.2 billion reported a year earlier.

As with earlier years, phishing attacks were by far the most commonly reported crimes, with 323,972 last year. A subset of this category, business email compromise (BEC), is proving very lucrative and cost victims almost $2.4 billion from 19,954 victims, according to the Feds.

BEC involves a cyber criminal compromising a legitimate email account, and then tricking a business or individual into transferring funds, sending employees' personal data, or unlocking cryptocurrency wallets. The fraudster then steals the cash, drains the crypto wallet and/or sells employees' identities and credentials on the dark web.

https://www.theregister.com/2022/05/05/fbi_cyber_scams/

• Bad Actors Are Maximising Remote Everything

The rise of remote work and learning opened new opportunities for many people – as we’ve seen by the number of people who have moved to new places or adapted to “workcations.” Cyber criminals are taking advantage of the same opportunities – just in a different way. Evaluating the prevalence of malware variants by region reveals a sustained interest by cyber adversaries in maximising the remote work and learning attack vector.

As hybrid work and learning become embedded paradigms in our culture, there are fewer layers of protection between malware and would-be victims. And bad actors are gaining access to more tools to help them pull off their nefarious deeds – like exploit kits. At the same time, the attack surface has rapidly expanded and continues to do so.

That means enterprises must take a work-from-anywhere approach to their security. They need to deploy solutions capable of following, enabling and protecting users no matter where they are located. They need security on the endpoint (EDR) combined with zero trust network access (ZTNA) approaches.

https://threatpost.com/bad-actors-remote-everything/179458/

• This Sneaky Hacking Group Hid Inside Networks For 18 Months Without Being Detected

A previously undisclosed cyber-espionage group is using clever techniques to breach corporate networks and steal information related to mergers, acquisitions and other large financial transactions – and they've been able to remain undetected by victims for periods of more than 18 months.

Detailed by cyber security researchers at Mandiant, who've named it UNC3524, the hacking operation has been active since at least December 2019 and uses a range of advanced methods to infiltrate and maintain persistence on compromised networks that set it apart from most other hacking groups. These methods include the ability to immediately re-infect environments after access is removed. It's currently unknown how initial access is achieved. 

One of the reasons UNC3524 is so successful at maintaining persistence on networks for such a long time is because it installs backdoors on applications and services that don't support security tools, such as anti-virus or endpoint protection.

https://www.zdnet.com/article/this-sneaky-hacking-group-hid-inside-networks-for-18-months-without-being-detected/

• FBI: Business Email Compromise: The $43 Billion Scam

According to the FBI, business email compromise (BEC) and email account compromise (EAC) losses have surpassed $43 billion globally. BEC/EAC is a sophisticated scam that targets both businesses and individuals who perform legitimate transfer-of-funds requests.

The BEC/EAC scam continues to grow and evolve, targeting small local businesses to larger corporations, and personal transactions. Between July 2019 and December 2021, there was a 65% increase in identified global exposed losses, meaning the dollar loss that includes both actual and attempted loss in United States dollars.

The following information was derived from filings with financial institutions between June 2016 and December 2021:

• Domestic and international incidents: 241,206

• Domestic and international exposed dollar loss: $43,312,749,946

The following BEC/EAC statistics were reported in victim complaints to the IC3 between October 2013 and December 2021:

• Total US victims: 116,401

• Total US exposed dollar loss: $14,762,978,290

• Total non-US victims: 5,260

• Total non-US exposed dollar loss: $1,277,131,099

https://informationsecuritybuzz.com/expert-comments/fbi-business-email-compromise-the-43-billion-scam/

• Disgruntled Employees Cashing in On Confidential Information Over Dark Web

Disgruntled employees are making hundreds of thousands of dollars by leaking confidential information over a new platform on the so-called dark web, cyber researchers have said.

Hidden in a part of the internet that is only accessible using special software, the Industrial Spy platform promises huge payouts to staff willing to hand over "dirty secrets" to competitors, according to experts at intelligence business Cyberint.

Industrial Spy currently has data on twelve companies from a range of industries available to people who sign up, Cyberint said.

The platform recently managed to sell two tranches of company data for $400,000 (£318,236) and $750,000 each.

An individual has advertised the platform to potential purchasers of the data on the dark web.

The post said: "With our information you could refuse partnership with an unscrupulous partner, reveal dirty secrets of your competitors and earn millions of dollars using insider information."

Cyber criminals have long approached employees individually and offered a bribe to release sensitive information such as internal data and passwords to access computer systems.

But this new platform allows employees to act on their own initiative to steal data and sell it online.

https://www.telegraph.co.uk/business/2022/05/02/disgruntled-employees-cashing-confidential-information-dark/

• Google Sees More APTs Using Ukraine War-Related Themes

Researchers at Google's Threat Analysis Group (TAG) say the number of advanced threat actors using Ukraine war-related themes in cyber attacks went up in April with a surge in malware attacks targeting critical infrastructure.

According to Google, known state-backed APT groups from China, Iran, North Korea, and Russia, along with various unattributed groups have been using war-related themes in phishing and malware distribution campaigns.

Looking at the cyber attacks that target Eastern Europe, however, a new Google report notes there hasn't been a significant change from the normal levels of activity, despite the increased adoption of lures related to the Ukraine war.

https://www.securityweek.com/google-sees-more-apts-using-ukraine-war-related-themes

• Cryptocurrency Regulators Are Scrambling to Catch Up with Hackers Who Are Swiping Billions

Just four months in, 2022 has been a banner year for hackers, and fraudsters targeting the industry have swindled more than $1 billion from cryptocurrency investors, according to separate estimates by cryptocurrency analysis firm Immunefi.

The rise in fraud has put US regulators on the offensive. The US Securities and Exchange Commission, which has positioned itself as the industry’s main regulator and enforcer, announced on Tuesday that it was going to double its staff working to resources to combat the rise in fraud.

“Crypto markets have exploded in recent years, with retail investors bearing the brunt of abuses in this space. Meanwhile, cyber-related threats continue to pose existential risks to our financial markets and participants,” Gurbir Grewal, director of the SEC’s Division of Enforcement said in a statement. “The bolstered Crypto Assets and Cyber Unit will be at the forefront of protecting investors and ensuring fair and orderly markets in the face of these critical challenges.”

https://www.cyberscoop.com/cryptocurrency-sec-cybersecurity-bitcoin-regulation-enforcement/

• Tackling the Threats Posed by Shadow IT

While remote technologies have allowed businesses to shift their workforces online, this flexibility has created a swathe of challenges for IT teams who must provide a robust security framework for their organisation – encompassing all the personnel and devices within their remit. In addition to the ever-increasing number of personal devices, corporate devices and programs, more and more applications are moving to the cloud as workloads become increasingly distributed across public clouds and software-as-a-service (SaaS).

This means IT teams are even harder pressed to secure and manage the complex environments they operate in. The unsanctioned use of corporate IT systems, devices, and software – known as shadow IT – has increased significantly during the shift to remote work, and recent research found almost one in seven (68%) are concerned about information security because of employees following shadow IT practices.

Shadow IT can allow hackers to steal employee and customer identities, company intellectual property, and cause companies to fail compliance audits. It can also open the door to enterprises accidentally breaking laws and exposes organisations to data exfiltration, malware, and phishing.

https://www.helpnetsecurity.com/2022/05/05/shadow-it-risk/

• Hackers Used the Log4j Flaw to Gain Access Before Moving Across a Company's Network, Say Security Researchers

State-backed hacking groups are some of the most advanced cyber attack operations in the world - but criminals don't need to rely on them if they can exploit unpatched cyber security flaws.

A North Korean hacking and cyber espionage operation breached the network of an engineering firm linked to military and energy organisations by exploiting a cyber security vulnerability in Log4j.

First detailed in December, the vulnerability (CVE-2021-44228) allows attackers to remotely execute code and gain access to systems that use Log4j, a widely used Java logging library.

The ubiquitous nature of Log4j meant cyber security agencies urged organisations globally to apply security updates as quickly as possible, but months on from disclosure, many are still vulnerable to the flaw.

According to cyber security researchers at Symantec, one of those companies that was still vulnerable was an undisclosed engineering firm that works in the energy and military sectors. That vulnerability resulted in the company being breached when attackers exploited the gap on a public-facing VMware View server in February this year. From there, attackers were able to move around the network and compromise at least 18 computers.

https://www.zdnet.com/article/heres-how-hackers-used-the-log4j-flaw-to-gain-access-before-moving-across-a-companys-network/

• New Hacker Group Pursuing Corporate Employees Focused on Mergers and Acquisitions

[Explanatory note from Black Arrow: When a group of cyber attackers is identified by the cyber security community, it is given a code name usually composed of letters and digits. These groups are also sometimes referred to as APTs., or Advanced Persistent Threats, because the groups are highly skilled and are persistent in their attacks; they are often supported by their state government].

A newly discovered suspected espionage threat actor has been targeting employees focusing on mergers and acquisitions as well as large corporate transactions to facilitate bulk email collection from victim environments.

Mandiant is tracking the activity cluster under the uncategorised moniker UNC3524, citing a lack of evidence linking it to an existing group. However, some of the intrusions are said to mirror techniques used by different Russia-based hacking crews like APT28 and APT29.

"The high level of operational security, low malware footprint, adept evasive skills, and a large Internet of Things (IoT) device botnet set this group apart and emphasise the 'advanced' in Advanced Persistent Threat," the threat intelligence firm said in a report.

The initial access route is unknown but upon gaining a foothold, attack chains involving UNC3524 culminate in the deployment of a novel backdoor called QUIETEXIT for persistent remote access for as long as 18 months without getting detected in some cases.

https://thehackernews.com/2022/05/new-hacker-group-pursuing-corporate.html

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Threats

Ransomware

• Lockbit 2.0, Conti Dominate Ransomware Attack Activity - MSSP Alert: Cyber Security News for MSSPs & MDR Service Providers

• Twitter May Have Given User's Private Data to A Ransomware Hacker, Who Then Ran a Researcher Offline - CyberScoop

• US DoS Offers a Reward of Up To $15M For Info on Conti Ransomware Gang - Security Affairs

• Trend Micro Discovers AvosLocker Can Disable Antivirus Software (techtarget.com)

• Experts Analyse Conti and Hive Ransomware Gangs' Chats with Their Victims (thehackernews.com)

• New Ransomware Strains Linked to North Korean Govt Hackers (bleepingcomputer.com)

• Ransomware Attacks: Why Case Studies Provide Rare Learning Opportunities - MSSP Alert: Cybersecurity News for MSSPs & MDR Service Providers

• REvil Revival: Are Ransomware Gangs Ever Really Gone? (darkreading.com)

• What We've Learned in the 12 Months Since the Colonial Pipeline Attack (darkreading.com)

Phishing & Email Based Attacks

• MSPs Need a Layered Defence Against Phishing - MSSP Alert: Cyber Security News for MSSPs & MDR Service Providers

• Google SMTP Relay Service Abused for Sending Phishing Emails (bleepingcomputer.com)

• US DoD Scammed Out of $23M in Phishing Attack on Jet-Fuel Vendors (darkreading.com)

• 1000s of Phishing Emails Sent from NHS Inboxes - IT Security Guru

Malware

• This New Fileless Malware Hides Shellcode in Windows Event Logs (thehackernews.com)

• Raspberry Robin Spreads Via Removable USB Devices - Security Affairs

• Hackers Using PrivateLoader PPI Service to Distribute New NetDooka Malware (thehackernews.com)

Mobile

• Android Monthly Updates Are Out – Critical Bugs Found in Critical Places! – Naked Security (sophos.com)

IoT

• Unpatched DNS Bug Affects Millions of Routers and IoT Devices (bleepingcomputer.com)

• What Should I Know About Defending IoT Attack Surfaces? (darkreading.com)

Organised Crime & Criminal Actors

• Scammer Infects His Own Machine with Spyware, Reveals True Identity (darkreading.com)

Cryptocurrency/Cryptomining/Cryptojacking/NFTs

• Crypto Hackers Stole More Than $370 Million In April Alone (vice.com)

• Ferrari Subdomain Hijacked to Push Fake Ferrari NFT Collection (bleepingcomputer.com)

Supply Chain

• NIST Issues Guidance for Addressing Software Supply-Chain Risk (darkreading.com)

Open Source

• Open-Source Security: It's Too Easy to Upload 'Devastating' Malicious Packages, Warns Google | ZDNet

• How Linux Became the New Bullseye for Bad Guys | SecurityWeek.Com

Passwords & Credential Stuffing

• Good End User Passwords Begin with A Well-Enforced Password Policy - Help Net Security

• 55% of People Rely on Their Memory To Manage Passwords - Help Net Security

• A Security Researcher Easily Found My Passwords and More: How My Digital Footprints Left Me Surprisingly Over-Exposed | ZDNet

• A Third of Americans Use Easy-to-Guess Pet Passwords (darkreading.com)

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

• Mandiant CEO: False-flag Ops a Red Line For Nation-States • The Register

• Anonymous and Ukraine IT Army Continue to Target Russian Entities - Security Affairs

• Pro-Ukraine Hackers Use Docker Images to DDoS Russian Sites (bleepingcomputer.com)

• Chinese Hackers Caught Stealing Intellectual Property from Multinational Companies (thehackernews.com)

• Russia Hammered by Pro-Ukrainian Hackers Following Invasion | Ars Technica

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Nation State Actors

Nation State Actors – Russia

• Russia-Linked APT29 Targets Diplomatic and Government Organisations - Security Affairs

• Russian Ransomware Group Claims Attack on Bulgarian Refugee Agency - CyberScoop

• Russia Cyber Attacks Raise Questions About Hacking Red Lines - Bloomberg

• Putin Threatens Supply Chains with Counter-Sanction Order • The Register

• Russian Hackers Targeting Diplomatic Entities in Europe, Americas, and Asia (thehackernews.com)

• China-linked APT Curious Gorge Targeted Russian Govt Agencies - Security Affairs

• Russia-Ukraine War Prompts Security Best Practices Refresher (techtarget.com)

Nation State Actors – China

• China-Linked Winnti APT Group Silently Stole Trade Secrets for Years: Report | SecurityWeek.Com

• State-Backed Chinese Hackers Target Russia - Infosecurity Magazine (infosecurity-magazine.com)

• Chinese "Override Panda" Hackers Resurface With New Espionage Attacks (thehackernews.com)

• Experts Uncover New Espionage Attacks by Chinese 'Mustang Panda' Hackers (thehackernews.com)

• China Not Happy With South Korea Joining NATO Cyber Defense Center | SecurityWeek.Com

Nation State Actors – North Korea

• Security Researchers: Here's How the Lazarus Hackers Start Their Attacks | ZDNet

• US Sanctions Cryptocurrency Mixer Blender for Helping North Korea Launder Millions (thehackernews.com)

• VHD Ransomware Variant Linked to North Korean Cyber Army (darkreading.com)

Nation State Actors – Misc

• Stealthy APT Group Plunders Very Specific Corporate Email Accounts - Help Net Security

• UNC3524 APT Uses IP Cameras to Deploy Backdoors and Target Exchange - Security Affairs

• 1,000+ Attacks in 2 Years: How the SideWinder APT Sheds Its Skin (darkreading.com)

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Vulnerabilities

• CISA Adds Five Known Exploited Vulnerabilities to Catalogue | CISA

• Aruba and Avaya Network Switches Are Vulnerable to RCE Attacks (bleepingcomputer.com)

• Cisco Issues Patches for 3 New Flaws Affecting Enterprise NFVIS Software (thehackernews.com)

• F5 Warns of a New Critical BIG-IP Remote Code Execution Vulnerability (thehackernews.com)

• May 2022 Patch Tuesday Forecast: Look Beyond Just Application and OS Updates - Help Net Security

• Critical Cisco VM-Escape Bug Threatens Host Takeover (darkreading.com)

• Researchers Disclose Years-Old Vulnerabilities in Avast and AVG Antivirus (thehackernews.com)

• QNAP Releases Firmware Patches for 9 New Flaws Affecting NAS Devices (thehackernews.com)

• Multiple Vulnerabilities in Firefox Products Could Allow for Arbitrary Code Execution (cisecurity.org)

• Critical RCE Bug Reported in dotCMS Content Management Software (thehackernews.com)

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Sector Specific

Financial Services Sector

• German Finance Watchdog Sees 'Very Big' Risk of Cyber Attacks | SecurityWeek.Com

Telecoms

• Top Ransomware Attack Targets: Telecom Leapfrogs Healthcare - MSSP Alert: Cybersecurity News for MSSPs & MDR Service Providers

• Chinese Hackers Caught Exploiting Popular Antivirus Products to Target Telecom Sector (thehackernews.com)

Health/Medical/Pharma Sector

• Healthcare and Education Sectors Most Susceptible to Cyber Incidents - Infosecurity Magazine

• Phishing Operation Hits NHS Email Accounts • The Register

Education and Academia

• April Ransomware Attacks Slam US Universities (techtarget.com)

• Healthcare and Education Sectors Most Susceptible to Cyber Incidents - Infosecurity Magazine

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Other News

• WordPress Sites Getting Hacked ‘Within Seconds’ of TLS Certificates Being Issued | The Daily Swig (portswigger.net)

• Heroku: Cyber Attacker Used Stolen OAuth Tokens to Steal Customer Account Credentials (darkreading.com)

• Car Rental Company Sixt Hit by a Cyber Attack that Caused Disruptions - Security Affairs

• White House Says To Prepare For Cryptography-Cracking Quantum Computers - Information Security Buzz

• CMS-Based Sites Under Attack: The Latest Threats and Trends - Help Net Security

• Mozilla Finds Mental Health Apps Fail 'Spectacularly' at User Security, Data Policies | ZDNet

• Renew Focus on Web Application Security - MSSP Alert: Cybersecurity News for MSSPs & MDR Service Providers

• UK to Place Security Requirements on App Developers and Store Operators - Infosecurity Magazine

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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 11 March 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

Sharp Rise in SMB Cyber Attacks by Russia and China

SaaS Alerts, a cloud security company, unveiled the findings of its latest report which analysed approximately 136 million security events across 2,100 small and medium businesses (SMBs) globally and identified cyber trends negatively impacting businesses.

The findings of the report take into account security events occurring across more than 120,000 user accounts during the period of January 1st to December 31st, 2021 and shows that the vast majority of attacks on top SaaS platforms such as Microsoft 365, Google Workspace, Slack and Dropbox are originating from Russia and China. The data set is statistically significant and enables solution providers managing a portfolio of SaaS applications with pertinent data and trends to support defensive IT security re-alignments as required.

https://www.helpnetsecurity.com/2022/03/09/saas-security-events-smbs/

We're Seeing An 800% Increase in Cyber Attacks, Says One Managed Service Provider

Revenge and inflation are believed to be key drivers behind an 800 percent increase in cyber attacks seen by a single managed services provider since the days before the onset of Russia's invasion of Ukraine last month.

The attacks are coming not only from groups inside of Russia but also from elsewhere within the region as well from Russia allies like North Korea and Iran, historically sources of global cyber-threats.

The MSP serves about 2,400 companies around the world, most of them small businesses and midsize enterprises and most in North America. The MSP said it has seen the spike in cyber attacks throughout its customer base.

The sharp rise has been attributed to pro-Russian cyber criminal groups linked to nation states lashing out at countries – first Ukraine and then Western countries – angry at the sanctions being levelled against Russia. At the same time, the sharp inflation that is spreading around the world is also hitting hackers, who need to make money to keep up with rising costs.

https://www.theregister.com/2022/03/11/russia-invasion-cyber-war-rages/

Internet Warfare: How the Russians Could Paralyse Britain

The collapse of critical national infrastructure is a science fiction staple. Fifty years ago, actively switching off a country’s water and power networks would have required huge physical damage to power stations and the sources of those services. Today, however, many of the tools we use every day are connected to the internet.

All of those things now have remote access — and therefore, all of them could be vulnerable.

Ukraine has been blitzed by cyber attacks since the annexation of Crimea in 2014 and they have increased in the lead-up to the invasion. As Russia marched into Ukraine, British officials were concerned about “spillover” from any cyber offensives targeted thousands of miles away.

In today’s interconnected digital world, the reality is that distance from the conflict zone makes no difference.

As the West fears a cyber-reprisal, what would a successful attack look like in Britain — and how likely is a complete “network failure”?

https://www.thetimes.co.uk/article/russia-cyberattack-uk-what-would-happen-l3dt98dmb

Just 3% Of Employees Cause 92% Of Malware Events

A small group of employees is typically responsible for most of the digital risk in an organisation, according to new research.

The report, from cybersecurity company Elevate Security and cyber security research organisation Cyentia, also found that those putting their companies at risk from phishing, malware, and insecure browsing are often repeat offenders.

The research found that 4% of employees clicked 80% of phishing links, and 3% were responsible for 92% of malware events.

Four in five employees have never clicked on a phishing email, according to the research. In fact, it asserts that half of them never see one, highlighting the need to focus anti-phishing efforts on at-risk workers.

The malware that phishing and other attack vectors deliver also affects a small group of employees. The research found that 96% of users have never suffered from a malware event. Most malware events revolve around the 3% of users who suffered from two malware events or more, reinforcing the notion that security awareness messages just aren't getting through to some.

https://www.itpro.co.uk/security/malware/366011/just-3-of-employees-cause-92-of-malware-events

70% Of Breached Passwords Are Still in Use

A new report examines trends related to exposed data. Researchers identified 1.7 billion exposed credentials, a 15% increase from 2020, and 13.8 billion recaptured Personally Identifiable Information (PII) records obtained from breaches in 2021.

Through its analysis of this data, it was found that despite increasingly sophisticated and targeted cyber attacks, consumers continue to engage in poor cyber practices regarding passwords, including the use of similar passwords for multiple accounts, weak or common passwords and passwords containing easy-to-guess words or phrases connected to pop culture.

https://www.helpnetsecurity.com/2022/03/08/exposed-data-trends/

Organisations Taking Nearly Two Months to Remediate Critical Risk Vulnerabilities

Edgescan announces the findings of a report which offers a comprehensive view of the state of vulnerability management globally. This year’s report takes a more granular look at the trends by industry, and provides details on which of the known, patchable vulnerabilities are currently being exploited by threat actors.

The report reveals that organisations are still taking nearly two months to remediate critical risk vulnerabilities, with the average mean time to remediate (MTTR) across the full stack set at 60 days.

High rates of “known” (i.e. patchable) vulnerabilities which have working exploits in the wild, used by known nation state and cybercriminal groups are not uncommon.

Crucially, 57% of all observed vulnerabilities are more than two years old, with as many as 17% being more than five years old. These are all vulnerabilities that have working exploits in the wild, used by known nation state and cybercriminal groups. Edgescan also observed a concerning 1.5% of known, unpatched vulnerabilities that are over 20 years old, dating back to 1999.

https://www.helpnetsecurity.com/2022/03/10/state-of-vulnerability-management/

Android Malware Escobar Steals Your Google Authenticator MFA Codes

The Aberebot Android banking trojan has returned under the name 'Escobar' with new features, including stealing Google Authenticator multi-factor authentication codes.

The new features in the latest Aberebot version also include taking control of the infected Android devices using VNC, recording audio, and taking photos, while also expanding the set of targeted apps for credential theft.

The main goal of the trojan is to steal enough information to allow the threat actors to take over victims' bank accounts, siphon available balances, and perform unauthorised transactions.

Like most banking trojans, Escobar displays overlay login forms to hijack user interactions with e-banking apps and websites and steal credentials from victims.

The malware also packs several other features that make it potent against any Android version, even if the overlay injections are blocked in some manner.

The authors have expanded the set of targeted banks and financial institutions to a whopping 190 entities from 18 countries in the latest version.

https://www.bleepingcomputer.com/news/security/android-malware-escobar-steals-your-google-authenticator-mfa-codes/

Smartphone Malware Is on The Rise - Here's How to Stay Safe

The volume of malware attacks targeting mobile devices has skyrocketed so far this year, cyber security researchers are saying.

A new report from security company Proofpoint claims that the number of detected mobile malware attacks has spiked 500% in the first few months of 2022, with peaks at the beginning and end of February.

Much of this malware aims to steal usernames and passwords from mobile banking applications, Proofpoint says. But some strains are even more sinister, recording audio and video from infected devices, tracking the victim's location, or exfiltrating and deleting data.

https://www.techradar.com/nz/news/smartphone-malware-is-coming-for-more-and-more-of-us

Russia May Use Ransomware Payouts to Avoid Sanctions’ Financial Harm

FinCEN warns financial institutions to be wary of unusual cryptocurrency payments or illegal transactions Russia may use to ease financial hurt from Ukraine-linked sanctions.

Russia may ramp up ransomware attacks against the United States as a way to ease the financial hurt it’s under due to sanctions, U.S. federal authorities are warning. Those sanctions have been levied against the nation and Vladimir Putin’s government due to its invasion of Ukraine.

The Financial Crimes Enforcement Network (FinCEN) issued a FinCEN Alert (PDF) on Wednesday advising all financial institutions to remain vigilant against potential efforts to evade the expansive sanctions and other U.S.-imposed restrictions related to the current conflict. One way this may be done is to move cryptocurrency funds through ransomware payments collected after Russian state-sponsored actors carry out cyberattacks.

“In the face of mounting economic pressure on Russia, it is vitally important for financial institutions to be vigilant about potential Russian sanctions evasion, including by both state actors and oligarchs,” said FinCEN Acting Director Him Das in a press statement.

https://threatpost.com/russia-ransomware-payouts-avoid-sanctions/178854/

How An 8-Character Password Could Be Cracked in Less Than an Hour

Security experts keep advising us to create strong and complex passwords to protect our online accounts and data from savvy cybercriminals. And “complex” typically means using lowercase and uppercase characters, numbers and even special symbols. But complexity by itself can still open your password to cracking if it doesn’t contain enough characters, according to research by security firm Hive Systems.

As described in a recent report, Hive found that an 8-character complex password could be cracked in just 39 minutes if the attacker were to take advantage of the latest graphics processing technology. A seven-character complex password could be cracked in 31 seconds, while one with six or fewer characters could be cracked instantly. Shorter passwords with only one or two character types, such as only numbers or lowercase letters, or only numbers and letters, would take just minutes to crack.

https://www.techrepublic.com/article/how-an-8-character-password-could-be-cracked-in-less-than-an-hour/

Cyber Insurance and Business Risk: How the Relationship Is Changing Reinsurance & Policy Guidance

Cyber insurance is a significant industry and growing fast — according to GlobalData, it was worth $7 billion in gross written premiums in 2020. The cyber-insurance market is expected to reach $20.6 billion by 2025. Over the past few years, the cyber-insurance market was competitive, so premiums were low and policies were comprehensive. Over the past year, that has changed — the volume of claims has gone up and led to more payouts, which affected the insurance companies' profitability.

The recent Log4j issue will affect how insurance and reinsurance companies write their policies in future. Already, we're seeing discussions about Log4j-related issues being excluded from reinsurance policies in 2022, as many policies came up for renewal on Dec. 31, 2021. This will affect the policies that insurance companies can offer to their customers.

What does this mean for IT security teams? For practitioners, it will make their work more important than before, as preventing possible issues would be more valuable to the business. Carrying out standard security practices like asset inventory and vulnerability management will be needed, while examining software bills of materials for those same issues will help on the software supply chain security side. These practices will also need to be highly automated, as business must be able to gain accurate insights within hours, not months, to deal with future threats while reducing the cost impact.

For those responsible for wider business risk, these developments around cyber insurance will present a more significant problem. Cyber-insurance policies will still be available — and necessary where needed — but the policies themselves will cover less ground. While the past few years had pretty wide-ranging policies that would pay out on a range of issues, future policies will deliver less coverage.

https://www.darkreading.com/risk/cyber-insurance-and-business-risk-how-the-relationship-is-changing-reinsurance-policy-guidance-

Security Teams Prep Too Slowly for Cyber Attacks

Attackers typically take days or weeks to exploit new vulnerabilities, but defenders are slow to learn about critical issues and take action, requiring 96 days on average to learn to identify and block current cyber threats, according to a new report analysing training and crisis scenarios.

The report, Cyber Workforce Benchmark 2022, found that cybersecurity professionals are much more likely to focus on vulnerabilities that have garnered media attention, such as Log4j, than more understated issues, and that different industries develop their security capabilities at widely different rates. Security professionals in some of the most crucial industries, such as transport and critical infrastructure, are twice as slow to learn skills compare to their colleagues in the leisure, entertainment, and retail sectors.

The amount of time it takes for security professionals to get up to speed on new threats matters. CISA says that patches should be applied within 15 days, sooner than that if the vulnerability is being exploited, says Kevin Breen, director of cyber threat research at Immersive Labs.

https://www.darkreading.com/risk/security-teams-prep-too-slowly-for-cyberattacks

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Threats

Ransomware

• Inside Conti leaks: The Panama Papers of Ransomware - The Record by Recorded Future

• Leaks of Conti Ransomware Group Paint Picture of a Surprisingly Normal Tech Start-Up... Sort Of - Check Point Research

• Oh, The Irony! Conti Ransomware Gang, Which Leaked Ransomware Victims’ Data, Has Its Own Data Leaked (grahamcluley.com)

• CISA Added 98 Domains To The Joint Alert Related To Conti Ransomware Gang - Security Affairs

• Ragnar Locker Ransomware - What You Need To Know (tripwire.com)

• Conti Ransomware Group Spent Millions In 2021 - IT Security Guru

• Ragnar Locker Ransomware Hits Critical Infrastructure • The Register

• Ukrainian Man Arrested for Alleged Role in Ransomware Attack on Kaseya, Others (darkreading.com)

• FBI: Ransomware Gang Breached 52 US Critical Infrastructure Orgs (bleepingcomputer.com)

• Alleged REvil Ransomware Hacker Extradited And Arraigned In Texas | CSO Online

• Bridgestone Americas Confirms Ransomware Attack, LockBit Leaks Data (bleepingcomputer.com)

Phishing & Email

• How Phishing Email Are Evading Email Security - MSSP Alert

• Watch Out For This Phishing Attack That Hijacks Your Email Chats To Spread Malware | ZDNet

• The Most Impersonated Brands In Phishing Attacks - Help Net Security

Malware

• Nvidia's Stolen Data Is Being Used To Disguise Malware As GPU Drivers | PC Gamer

• Qakbot Botnet Sprouts Fangs, Injects Malware into Email Threads | Threatpost

• Emotet Botnet Is Rapidly Growing, +130K Bots Spread Across 179 Countries - Security Affairs

• Raccoon Stealer Crawls Into Telegram | Threatpost

• All About the Bots: What Botnet Trends Portend for Security Pros | SecurityWeek.Com

Mobile

• Smartphone malware is on the rise, here's what to watch out for | ZDNet

• Samsung Confirms Hackers Stole Galaxy Devices Source Code (bleepingcomputer.com)

Organised Crime & Criminal Actors

• Cyber Criminals Are Posing As Ukraine Fundraisers To Steal Cryptocurrency - CyberScoop

• Cyber Criminals Compromise Users With Malware Disguised As Pro-Ukraine Cyber Tools - Cisco Talos Intelligence Group

Cryptocurrency/Cryptomining/Cryptojacking

• Russians Liquidating Crypto In The UAE As They Seek Safe Havens | Reuters

Fraud, Scams & Financial Crime

• Consumers Worried About Digital Banking Security - Infosecurity Magazine (infosecurity-magazine.com)

• Shipping Fraud Quickly Emerging As One Of The Top Fraud Types - Help Net Security

Insurance

• The Cyber Insurance Market Needs More Money (hbr.org)

Supply Chain

• Major Tech Firms Launch Security First Initiative To Combat Third-Party Data Breaches - Help Net Security

DoS/DDoS

• Mitel VoIP Systems Used In Staggering DDoS Attacks • The Register

• In-The-Wild DDoS Attack Can Be Launched From A Single Packet To Create Terabytes Of Traffic | ZDNet

• Malware Posing as Russia DDoS Tool Bites Pro-Ukraine Hackers | Threatpost

• The Fight Against the Hydra: New DDoS Report from Link11 (darkreading.com)

• Imperva Thwarts 2.5 Million RPS Ransom DDoS Extortion Attacks (thehackernews.com)

Parental Controls and Child Safety

• Still Too Many Parents Don't Monitor Their Children's Online Activity - Help Net Security

Spyware, Espionage & Cyber Warfare

• ‘We are not ready’: a Cyber Expert on US Vulnerability to a Russian Attack | Cyberwar | The Guardian

• China-Aligned APT Renews Cyber Attack On European Diplomats, As War Rages | CSO Online

• European Lawmakers Launch Investigation Into Use Of Pegasus Spyware By EU States | TechCrunch

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Nation State Actors

Nation State Actors - Russia

• Jump In Cyber Attacks Since Start Of Ukraine Invasion (rte.ie)

• Will Russian Oil Ban Spur Increased Cyber-Attacks (trendmicro.com)

• Russia to Create Its Own Security Certificate Authority, Alarming Experts - CyberScoop

• Russian APTs Furiously Phish Ukraine – Google | Threatpost

• Russia Mulls Legalizing Software Piracy As It’s Cut Off From Western Tech | Ars Technica

• Ukrainian IT Army Hijacked by Infostealing Malware - Infosecurity Magazine (infosecurity-magazine.com)

• Google: Russian Hackers Target Ukrainians, European Allies via Phishing Attacks (thehackernews.com)

• French Bank Denies Access to Russian Workforce - Infosecurity Magazine (infosecurity-magazine.com)

• New RURansom Wiper Targets Russia (trendmicro.com)

• Anonymous & its Affiliates Hacked 90% of Russian Misconfigured Databases (hackread.com)

• Anonymous Claims to Have Leaked Over 360,000 Files From Russian Federal Agency - Infosecurity Magazine

Nation State Actors - China

• Chinese Phishing Actors Consistently Targeting EU Diplomats (bleepingcomputer.com)

• Comment: Chinese Spies Hacked A Livestock App To Breach US State Networks - Information Security Buzz

• Chinese APT41 Hackers Broke into at Least 6 U.S. State Governments: Mandiant (thehackernews.com)

Nation State Actors – North Korea

• Targeted APT Activity: BABYSHARK Is Out for Blood - MSSP Alert

Nation State Actors - Iran

• Iranian Hackers Targeting Turkey and Arabian Peninsula in New Malware Campaign (thehackernews.com)

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Vulnerabilities

• Linux Has Been Bitten By Its Most High-Severity Vulnerability In Years | Ars Technica

• High Rates Of Known, Exploitable Vulnerabilities Still Found In The Wild, Report Reveals - IT Security Guru

• Microsoft Addresses 3 Zero-Days & 3 Critical Bugs for March Patch Tuesday | Threatpost

• New Exploit Bypasses Existing Spectre-V2 Mitigations in Intel, AMD, Arm CPUs (thehackernews.com)

• Google Attempts to Explain Surge in Chrome Zero-Day Exploitation | SecurityWeek.Com

• “Dirty Pipe” Linux Kernel Bug Lets Anyone Write To Any File – Naked Security (sophos.com)

• Microsoft Azure Flaw Allowed Unauthorized Account Access • The Register

• Intel, AMD, Arm Warn Of New Speculative Execution CPU Bugs (bleepingcomputer.com)

• Adobe Patches 'Critical' Security Flaws in Illustrator, After Effects | SecurityWeek.Com

• Up to 30% of WordPress Plugin Bugs Don't Get Patched - IT Security Guru

• Within Hours of the Log4j Flaw Being Revealed, These Hackers Were Using It | ZDNet

• Critical Firefox Zero-Day Bugs Allow RCE, Sandbox Escape | Threatpost

• Microsoft Warns of Spoofing Vulnerability in Defender for Endpoint | SecurityWeek.Com

• Microsoft Fixes Critical Azure Bug That Exposed Customer Data (bleepingcomputer.com)

• Researchers Disclose New Spectre V2 Vulnerabilities (techtarget.com)

• Critical Bugs Could Let Attackers Remotely Hack, Damage APC Smart-UPS Devices (thehackernews.com)

• Over 40% of Log4j Downloads Are Vulnerable Versions of the Software (darkreading.com)

• HP Patches 16 UEFI Firmware Bugs Allowing Stealthy Malware Infections (bleepingcomputer.com)

• Critical RCE Bugs Found in Pascom Cloud Phone System Used by Businesses (thehackernews.com)

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Sector Specific

Health/Medical/Pharma Sector

• Medical and IoT Devices From More Than 100 Vendors Vulnerable to Attack (darkreading.com)

• Oklahoma Hospital Data Breach Impacts 92,000 People - Infosecurity Magazine

Transport and Aviation

• Finnish Govt Agency Warns Of Unusual Aircraft GPS Interference (bleepingcomputer.com)

Automotive

• Small Business Owners Worried About The Cyber Security Of Their Commercial Vehicles - Help Net Security

CNI, OT, ICS, IIoT and SCADA

• ICS Vulnerability Disclosures Surge 110% Over The Last Four Years - Help Net Security

• New Security Threats Target Industrial Control And OT Environments - CyberScoop

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Reports Published in the Last Week

• 2022 Vulnerability Statistics Report - Edgescan

• Pinpoint the Origins of Workforce Risk - Elevate Security

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Other News

• Why You Should Be Using CISA's Catalog of Exploited Vulns (darkreading.com)

• How Attackers Sidestep The Cyber Kill Chain | CSO Online

• How to Combat the No. 1 Cause of Security Breaches: Complexity (darkreading.com)

• Every Business Is A Cyber Security Business - Help Net Security

• Operationalising a “Think Like The Enemy” Strategy | CSO Online

• SpaceX Shifts Resources To Cyber Security To Address Starlink Jamming - SpaceNews

• Report: Cyber Security Teams Need Nearly 100 Days To Develop Threat Defenses | VentureBeat

• 6 Potential Enterprise Security Risks With NFC Technology (techtarget.com)

• BBC Targeted With 383,278 Spam, Phishing And Malware Attacks Every Day - Help Net Security

• Ubisoft Says It Experienced A ‘Cyber Security Incident’, And The Purported Nvidia Hackers Are Taking Credit - The Verge

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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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