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Black Arrow Cyber Threat Briefing 16 February 2024
Black Arrow Cyber Threat Intelligence Briefing 16 February 2024:
-Active Phishing Campaigns Targeting Office 365, Another Forcing Remote Management Software Downloads
-Cyber Security is Your Defensive Strategy, Cyber Resilience is Your Business
-Leveraging Threat Intelligence for Regulatory compliance
-The Risks of Quishing and How Enterprises Can Stay Secure
-Phishing Attacks Increased 106% Year Over Year as 91% of Organisations Impacted by AI-enhanced Phishing Attacks
-Microsoft and OpenAI Warn State-backed Threat Actors are Using AI En Masse to Wage Cyber Attacks
-Cyber Risk Management: Bring Security to the Boardroom
-Trustees Open to Cyber Risks by Not Responding to NCSC Reporting Changes
-Nation State Actors Intensify Focus on NATO Member States
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
Active Phishing Campaigns Targeting Office 365, Another Forcing Remote Management Software Downloads
Proofpoint have released an alert relating to an active hacking operation in which cyber criminals are employing phishing traps and shared Office 365 documents to steal credentials. Hackers have been threading together credential phishing and account takeover (ATO) tactics to gain access to enterprise resources, with multiple organisations already hit. One of the identified methods in use involves attackers inserting links that direct users to click to view a document. This subsequently links them to a phishing page controlled by the attacker.
In another currently active phishing campaign, threat actors are targeting potential victims via email and SMS, with personalised content to match victim roles within their organisation. But instead of phishing for information directly, they are convincing victims to download remote monitoring and management software. Victims were directed to newly registered websites mimicking various financial institutions and asked to download a “live chat application”, which turned out to be an old version of AnyDesk. Once downloaded, the software would then allow full access to victim’s machine and network resources.
Sources: [Verdict] [Help Net Security]
Cyber Security is Your Defensive Strategy, Cyber Resilience is Your Business
A cyber attack is a matter of when, not if, and as such businesses must prepare for such an event happening to them. Whilst cyber security aims to defend the organisation, cyber resilience is about ensuring that your digital operations, which are the heart of your organisation, can withstand and quickly recover from any cyber attack, technical malfunction, or even deliberate tampering. If we think back to Covid, a lot of organisations suddenly had to adapt, to ensure that they could function as close to normal as possible. How many have tested their organisation’s ability to continue work since, or prepared for a loss of access to critical systems for an extended period of time? It’s the cyber resilient organisations that know they’ve made the right investments to significantly reduce the risk of their operations grinding to a halt.
Source: [Security Brief]
Leveraging Threat Intelligence for Regulatory Compliance
The collective improvement of cyber security is a high international priority and a wealth of EU legislation, such as NIS2 and the Digital Operational Resilience Act (DORA) is in the pipeline, to oblige organisations to understand and manage their cyber risks appropriately. As part of these regulations, threat intelligence is often a feature that can be leveraged to improve cyber resilience.
Threat intelligence can be collected from a variety of sources such as governmental advisories, dark web monitoring, private sector feeds, intelligence-sharing communities and open source information. The key for organisations is to be able to digest this, and apply it accordingly to their specific organisation, to improve their cyber resilience efforts.
Black Arrow provides weekly threat intelligence free of charge through our online blog and weekly subscription summary email. To sign up, visit https://www.blackarrowcyber.com/subscribe
Source: [BetaNews]
The Risks of Quishing and How Enterprises Can Stay Secure
QR codes have surged in popularity in the past two years, mainly due to their convenient and touchless features that streamline daily transactions, making it easy for users to scan and access information quickly. However, this surge in popularity has also caught the attention of cyber criminals, who exploit QR codes to perpetrate phishing attacks, known as "quishing." Attackers use tactics, such as disguising malicious QR codes in seemingly legitimate contexts; these pose substantial risks, leading to compromised personal and corporate data, financial loss, and reputational damage. Organisations must prioritise understanding and fortifying defences against quishing, as these attacks pose significant risks to both individuals and organisations. By educating employees on discerning phishing attempts, enforcing device security measures, and leveraging specialised solutions, organisations can bolster their resilience against QR code-based cyber threats and safeguard their digital assets effectively.
Source: [Zimperium]
Phishing Attacks Increased 106% Year Over Year as 91% of Organisations Impacted by AI-enhanced Phishing Attacks
A recent report found that phishing attempts increased 106% year on year, with malware detections up 40%. In a separate report on phishing, it was found that 91% of organisation were impacted by AI-enhanced phishing attacks. Such numbers reinforce the reason for organisations to implement effective phishing training, and this should include training regarding AI-enhanced phishing emails.
Sources: [The Fintech Times] [Security Magazine]
Microsoft and OpenAI Warn State-backed Threat Actors are Using AI En Masse to Wage Cyber Attacks
Microsoft has released a report detailing how prominent state-linked actors are using generative AI to enhance their attack methods. Russian, North Korean, Iranian, and Chinese-backed threat actors are attempting to use generative AI to inform, enhance, and refine their attacks, according to the report. It’s clear that AI is a double-edged sword, and organisations must implement processes to reduce their risk and increase their resilience to it.
Source: [ITPro]
Cyber Risk Management: Bring Security to the Boardroom
Organisations are facing the dual challenge of managing business risk and aligning with ever-expanding cyber security goals; as such, the need for a robust cyber risk management strategy is more critical than ever. This calls for organisations to effectively communicate their security posture to the board with relevant metrics.
Engaging the board requires a strategic approach, emphasising clear communication and contextual visibility. Board members are already increasingly recognising the impact of poor security on an organisation’s reputation, budget, and overall well-being; it is essential to translate security concerns into tangible metrics that resonate with the board. Real-time metrics, alignment with business goals, and educating the board on cyber security nuances can help build the foundation for such a strategy.
Source: [Trend Micro]
Trustees Open to Cyber Risks by Not Responding to NCSC Reporting Changes
Recent changes in the National Cyber Security Centre's (NCSC) threat reporting framework have prompted a call to action for pension scheme advisors.
Cyber security has fast become one of the biggest threats to pension schemes. Data breeches, scamming, ransomware, fraud: these have all become the stuff of trustee nightmares. And the sophistication of those threats is evolving rapidly, so it is important that schemes stay as far ahead of them as possible with comprehensive and proactive defence measures. It’s also imperative to check-in regularly with advisors that their measures are robust, and ensure that reports are undertaken frequently to demonstrate progression of mitigation of all vulnerabilities. A onetime spot check is simply not enough in this environment.
Source: [The HR Director]
Nation State Actors Intensify Focus on NATO Member States
The head of threat research and analysis at Google Cloud has highlighted that nation state actors consider cyber warfare as another tool in their box, noting the current ongoing cyber warfare between Russia and Ukraine. Separate reports have found that the cyber war has extended to NATO member states, with initial access brokers (individuals who sell credentials to organisations) increasingly targeting entities within NATO member states.
Sources: [Help Net Security] [World Economic Forum ] [Inforisktoday] [Help Net Security]
Governance, Risk and Compliance
Leveraging threat intelligence for regulatory compliance (betanews.com)
It's Time to Rethink Third-Party Risk Assessment (darkreading.com)
Cyber Risk Management: Bring Security to the Boardroom (trendmicro.com)
A changing world requires CISOs to rethink cyber preparedness | CSO Online
Cyber Security teams recognized as key enablers of business goals - Help Net Security
26 Cyber Security Stats Every User Should Be Aware Of in 2024 (securityaffairs.com)
Fortifying Businesses Against Modern Information Threats (forbes.com)
Executives must face down state-sponsored hacking groups targeting firmware | Computer Weekly
Cyber Security is your defensive strategy, cyber resilience is your business (securitybrief.co.nz)
Gmail & Yahoo DMARC rollout: When cyber compliance gives a competitive edge - Help Net Security
Threats
Ransomware, Extortion and Destructive Attacks
New macOS Backdoor Linked to Prominent Ransomware Groups - SecurityWeek
Ransomware tactics evolve, become scrappier - Help Net Security
Rhysida Ransomware Cracked, Free Decryption Tool Released (thehackernews.com)
Dual Ransomware Attacks: A Quicker Route to Extortion - Security Boulevard
Ransomware Victims
Ransomware Groups Claim Hits on Hyundai Motor Europe and a California Union (darkreading.com)
Cyber Attack hits Swedish cloud provider Advania, healthcare services impacted | Cybernews
PR industry affected as media monitoring firm Onclusive hit by cyber attack | PR Week
German battery maker Varta says five plants hit by cyber attack - CNA (channelnewsasia.com)
The Southern Water cyber attack highlights the wave of threats faced by utilities companies | ITPro
Phishing & Email Based Attacks
91.1% of Organisations Impacted by AI-Enhanced Phishing Attacks, Acronis Reports | The Fintech Times
Corporate users getting tricked into downloading AnyDesk - Help Net Security
Phishing attacks increased 106% year over year | Security Magazine
Gmail & Yahoo DMARC rollout: When cyber compliance gives a competitive edge - Help Net Security
Remote Monitoring & Management software used in phishing attacks | Malwarebytes
How are attackers using QR codes in phishing emails and lure documents? (talosintelligence.com)
Threat actors in phishing campaign targeted at Office 365 (verdict.co.uk)
2023 Year in Review: Phishing Attacks and Trends (vadesecure.com)
London police block 43 crypto phishing web domains (cointelegraph.com)
This new Android feature could help save you from phishing and malware – here's how | TechRadar
Other Social Engineering
4 Ways Hackers use Social Engineering to Bypass MFA (thehackernews.com)
QR code attacks target organizations in ways they least expect - Help Net Security
The Risks of Quishing and How Enterprises Can Stay Secure - Zimperium
Artificial Intelligence
Deepfake CFO Video Calls Result in $25MM in Damages (trendmicro.com)
91.1% of Organisations Impacted by AI-Enhanced Phishing Attacks, Acronis Reports | The Fintech Times
Russia And China Use OpenAI Tools To Hack, Microsoft Warns (forbes.com)
55% of Generative AI Inputs Include Sensitive Data: Menlo Security - Security Boulevard
We're at a Pivotal Moment for AI and Cyber Security (darkreading.com)
Deepfake Democracy: AI Technology Complicates Election Security (darkreading.com)
Cyber criminals get productivity boost with AI - Help Net Security
Stolen Face ID scans used to break into bank accounts • The Register
AI outsourcing: A strategic guide to managing third-party risks - Help Net Security
The Coming End of Biometrics Hastens AI-Driven Security - Security Boulevard
Rental scams could soar as AI spreads, warns industry... (lettingagenttoday.co.uk)
Cyber Security Threats: How To Fight AI With AI (forbes.com)
The rise of AI threats and cyber security: predictions for 2024 | World Economic Forum (weforum.org)
2FA/MFA
MFA isn't always keeping businesses safe from cyber attack | TechRadar
4 Ways Hackers use Social Engineering to Bypass MFA (thehackernews.com)
Ongoing campaign compromises senior execs’ Azure accounts, locks them using MFA | Ars Technica
Malware
RustDoor malware targets macOS users by posing as a Visual Studio Update - gHacks Tech News
Kimsuky's New Golang Stealer 'Troll' and 'GoBear' Backdoor Target South Korea (thehackernews.com)
VexTrio network of hijacked websites used to spread malware • The Register
Raspberry Robin Jumps on 1-Day Bugs to Nest Deep in Windows Networks (darkreading.com)
Suspected Warzone RAT hackers arrested | SC Media (scmagazine.com)
From Cracked to Hacked: Malware Spread via YouTube Videos (cybereason.com)
Bumblebee malware attacks are back after 4-month break (bleepingcomputer.com)
Hackers used new Windows Defender zero-day to drop DarkMe malware (bleepingcomputer.com)
Glupteba Botnet Adds UEFI Bootkit to Cyber Attack Toolbox (darkreading.com)
Understanding the tactics of stealthy hunter-killer malware - Help Net Security
Miscreants turn to ad tech to measure malware metrics • The Register
New Qbot malware variant uses fake Adobe installer popup for evasion (bleepingcomputer.com)
This new Android feature could help save you from phishing and malware – here's how | TechRadar
Mobile
Stolen Face ID scans used to break into bank accounts • The Register
Google Chrome Warning Suddenly Issued For All Android Users (forbes.com)
Russian banks beat App Store Review using fake apps (appleinsider.com)
Meta brushes off risk of account theft via number recycling • The Register
This new Android feature could help save you from phishing and malware – here's how | TechRadar
Denial of Service/DoS/DDOS
Cyber Security sectors adjust as DDoS attacks reach new heights - Help Net Security
How it works: The novel HTTP/2 ‘Rapid Reset’ DDoS attack | Google Cloud Blog
Telecoms was the most targeted sector for DDoS attacks in 2023
DDoS Hacktivism is Back With a Geopolitical Vengeance - SecurityWeek
Internet of Things – IoT
Data Breaches/Leaks
Bank of America warns customers of data breach after vendor hack (bleepingcomputer.com)
Caravan club admits members' personal data possibly accessed • The Register
DOD notifying people who may be impacted by a year-old data breach | DefenseScoop
The Southern Water cyber attack highlights the wave of threats faced by utilities companies | ITPro
200,000 Facebook Marketplace user records leaked on hacking forum (bleepingcomputer.com)
Prudential says hackers gained access to its computer systems | The Star
Verizon Breach – Malicious Insider or Innocuous Click? - IT Security Guru
DNA testing: What happens if your genetic data is hacked? - BBC Future
BMW security error left valuable private company data exposed online | TechRadar
Organised Crime & Criminal Actors
5 Things Movies Always Get Wrong About Computer Hackers (slashgear.com)
9 Possible Ways Hackers Can Use Public Wi-Fi to Steal Your Sensitive Data (securityaffairs.com)
Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain
Insider Risk and Insider Threats
Verizon Breach – Malicious Insider or Innocuous Click? - IT Security Guru
Insider threat greatest mid-market cyber security concern - CIR Magazine
Supply Chain and Third Parties
Bank of America warns customers of data breach after vendor hack (bleepingcomputer.com)
It's Time to Rethink Third-Party Risk Assessment (darkreading.com)
Jet engine dealer to major airlines discloses cyber snafu • The Register
AI outsourcing: A strategic guide to managing third-party risks - Help Net Security
6 best practices for third-party risk management | CSO Online
Software security debt piles up for organisations even as critical flaws drop | CSO Online
Cloud/SaaS
Threat actors in phishing campaign targeted at Office 365 (verdict.co.uk)
Ongoing campaign compromises senior execs’ Azure accounts, locks them using MFA | Ars Technica
Benefits and challenges of managed cloud security services | TechTarget
Encryption
Social Media
Meta brushes off risk of account theft via number recycling • The Register
200,000 Facebook Marketplace user records leaked on hacking forum (bleepingcomputer.com)
Malvertising
Training, Education and Awareness
Regulations, Fines and Legislation
Security experts: Investigatory powers plans will delay security updates | Computer Weekly
FCC orders telecom carriers to report PII data breaches within 30 days (bleepingcomputer.com)
Models, Frameworks and Standards
Benefits And Cautions Of Aligning With Cyber Security Frameworks (forbes.com)
Key strategies for ISO 27001 compliance adoption - Help Net Security
Data Protection
Careers, Working in Cyber and Information Security
UK cyber skills gap risk to businesses and national security | TechRadar
Higher education offers limited benefit to many infosec pros | SC Media (scmagazine.com)
We can’t risk losing staff to alert fatigue - Help Net Security
Law Enforcement Action and Take Downs
Misinformation, Disinformation and Propaganda
Why we fall for fake news and how can we change that? - Help Net Security
France uncovers a vast Russian disinformation campaign in Europe (economist.com)
Deepfake Democracy: AI Technology Complicates Election Security (darkreading.com)
Kremlin dismisses Europe's warnings about 'Russian propaganda' | Reuters
Cyber threats cast shadow over 2024 elections - Help Net Security
Nation State Actors, Advanced Persistent Threats (APTs), Cyber Warfare, Cyber Espionage and Geopolitical Threats/Activity
Cyber Warfare and Cyber Espionage
How 'Big 4' Nations' Cyber Capabilities Threaten the West (darkreading.com)
Stealthy Cyberespionage Campaign Remained Undiscovered for Two Years - SecurityWeek
Rise in cyberwarfare tactics fueled by geopolitical tensions - Help Net Security
Threat actors intensify focus on NATO member states - Help Net Security
Nation State Actors
China
Russia And China Use OpenAI Tools To Hack, Microsoft Warns (forbes.com)
US Official Warns of China’s Growing Offensive Cyber Power – The Diplomat
China Targets US Hacking Ops in Media Offensive - Infosecurity Magazine (infosecurity-magazine.com)
Threat actors intensify focus on NATO member states - Help Net Security
Stealthy Cyberespionage Campaign Remained Undiscovered for Two Years - SecurityWeek
Top US Venture Firms Funded Blacklisted Chinese Companies, House Committee Says | Mint
Russia
Microsoft and OpenAI thwart AI use by state-affiliated hackers (geekwire.com)
Russia And China Use OpenAI Tools To Hack, Microsoft Warns (forbes.com)
Russia Continues to Focus on Cyber Operations and Espionage (inforisktoday.com)
Russian banks beat App Store Review using fake apps (appleinsider.com)
France uncovers a vast Russian disinformation campaign in Europe (economist.com)
Kremlin dismisses Europe's warnings about 'Russian propaganda' | Reuters
The methods of Russian interference in Scottish politics (ukdefencejournal.org.uk)
Russian Turla Hackers Target Polish NGOs with New TinyTurla-NG Backdoor (thehackernews.com)
Iran
How 'Big 4' Nations' Cyber Capabilities Threaten the West (darkreading.com)
Iranian cyber attacks targeting US and Israeli entities | TechTarget
North Korea
How 'Big 4' Nations' Cyber Capabilities Threaten the West (darkreading.com)
Kimsuky's New Golang Stealer 'Troll' and 'GoBear' Backdoor Target South Korea (thehackernews.com)
North Korea turns to designing gambling websites for cash • The Register
Other Nation State Actors, Hacktivism, Extremism, Terrorism and Other Geopolitical Threat Intelligence
Vulnerability Management
Security experts: Investigatory powers plans will delay security updates | Computer Weekly
Three critical application security flaws scanners can’t detect (bleepingcomputer.com)
Vulnerabilities
Over 13,000 Ivanti gateways vulnerable to actively exploited bugs (bleepingcomputer.com)
Zoom stomps critical privilege escalation bug, 6 other flaws • The Register
Alert: New Stealthy "RustDoor" Backdoor Targeting Apple macOS Devices (thehackernews.com)
Hackers used new Windows Defender zero-day to drop DarkMe malware (bleepingcomputer.com)
ESET Patches High-Severity Privilege Escalation Vulnerability - SecurityWeek
CISA: Roundcube email server bug now exploited in attacks (bleepingcomputer.com)
Urgent patches available for QNAP vulnerabilities, one 0-day • The Register
Tools and Controls
Leveraging threat intelligence for regulatory compliance (betanews.com)
Remote Monitoring & Management software used in phishing attacks | Malwarebytes
It's Time to Rethink Third-Party Risk Assessment (darkreading.com)
MFA isn't always keeping businesses safe from cyber attack | TechRadar
Understand the pros and cons of enterprise password managers | TechTarget
4 Ways Hackers use Social Engineering to Bypass MFA (thehackernews.com)
This botched migration shows why you need to deal with legacy tech | ZDNET
Benefits and challenges of managed cloud security services | TechTarget
5 Steps to Improve Your Security Posture in Microsoft Teams (bleepingcomputer.com)
No Security Scrutiny for Half of Major Code Changes: AppSec Survey - SecurityWeek
10 Security Metrics Categories CISOs Should Present to the Board (darkreading.com)
Three critical application security flaws scanners can’t detect (bleepingcomputer.com)
What is Threat Detection and Incident Response? - Security Boulevard
Reports Published in the Last Week
Other News
This botched migration shows why you need to deal with legacy tech | ZDNET
What is Threat Detection and Incident Response? - Security Boulevard
How Non-Profits and NGOs Deal with Cyber Attacks - Infosecurity Magazine (infosecurity-magazine.com)
Here's how we get young people to rally for cyber security | World Economic Forum (weforum.org)
Types of Cyber security Threats and Vulnerabilities - Security Boulevard
Hacking the flow: The consequences of compromised water systems - Help Net Security
Dutch insurers still requiring nudes from cancer patients • The Register
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.
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 23 December 2022
Black Arrow Cyber Threat Briefing 23 December 2022:
-LastPass Users: Your Info and Password Vault Data are Now in Hackers’ Hands
-Ransomware Attacks Increased 41% In November
-The Risk of Escalation from Cyber Attacks Has Never Been Greater
-FBI Recommends Ad Blockers as Cyber Criminals Impersonate Brands in Search Engine Ads
-North Korea-Linked Hackers Stole $626 Million in Virtual Assets in 2022
-UK Security Agency Wants Fresh Approach to Combat Phishing
-GodFather Android malware targets 400 banks, crypto exchanges
-Companies Overwhelmed by Available Tech Solutions
-Nine in 10 Third-party Contractors, Freelancers Use Personal, Unmanaged Devices Likely to be Infected
-UK Privacy Regulator Names and Shames Breached Firms
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
LastPass Admits Attackers have an Encrypted Copy of Customers’ Password Vaults
Password locker LastPass has warned customers that the August 2022 attack on its systems saw unknown parties copy encrypted files that contain the passwords to their accounts.
In a December 22nd update to its advice about the incident, LastPass brings customers up to date by explaining that in the August 2022 attack “some source code and technical information were stolen from our development environment and used to target another employee, obtaining credentials and keys which were used to access and decrypt some storage volumes within the cloud-based storage service.” Those creds allowed the attacker to copy information “that contained basic customer account information and related metadata including company names, end-user names, billing addresses, email addresses, telephone numbers, and the IP addresses from which customers were accessing the LastPass service.”
The update reveals that the attacker also copied “customer vault” data, the file LastPass uses to let customers record their passwords. That file “is stored in a proprietary binary format that contains both unencrypted data, such as website URLs, as well as fully-encrypted sensitive fields such as website usernames and passwords, secure notes, and form-filled data.” The passwords are encrypted with “256-bit AES encryption and can only be decrypted with a unique encryption key derived from each user’s master password”.
LastPass’ advice is that even though attackers have that file, customers who use its default settings have nothing to do as a result of this update as “it would take millions of years to guess your master password using generally-available password-cracking technology.” One of those default settings is not to re-use the master password that is required to log into LastPass. The outfit suggests you make it a complex credential and use that password for just one thing: accessing LastPass.
LastPass therefore offered the following advice to individual and business users: If your master password does not make use of the defaults above, then it would significantly reduce the number of attempts needed to guess it correctly. In this case, as an extra security measure, you should consider minimising risk by changing passwords of websites you have stored.
LastPass’s update concludes with news it decommissioned the systems breached in August 2022 and has built new infrastructure that adds extra protections.
https://www.theregister.com/2022/12/23/lastpass_attack_update/
Ransomware Attacks Increased 41% In November
Ransomware attacks rose 41% last month as groups shifted among the top spots and increasingly leveraged DDoS attacks, according to new research from NCC Group.
A common thread of NCC Group's November Threat Pulse was a "month full of surprises," particularly related to unexpected shifts in threat actor behaviour. The Cuba ransomware gang resurged with its highest number of attacks recorded by NCC Group. Royal replaced LockBit 3.0 as the most active strain, a first since September of last year.
These factors and more contributed to the significant jump in November attacks, which rose from 188 in October to 265.
"For 2022, this increase represents the most reported incidents in one month since that of April, when there were 289 incidents, and is also the largest month-on-month increase since June-July's marginally larger increase of 47%," NCC Group wrote in the report.
Operators behind Royal ransomware, a strain that emerged earlier this year that operates without affiliates and utilises intermittent encryption to evade detection, surpassed LockBit 3.0 for the number one spot, accounting for 16% of hack and leak incidents last month.
The Risk of Escalation from Cyber Attacks Has Never Been Greater
In 2022, an American dressed in his pyjamas took down North Korea’s Internet from his living room. Fortunately, there was no reprisal against the United States. But Kim Jong Un and his generals must have weighed retaliation and asked themselves whether the so-called independent hacker was a front for a planned and official American attack.
In 2023, the world might not get so lucky. There will almost certainly be a major cyber attack. It could shut down Taiwan’s airports and trains, paralyse British military computers, or swing a US election. This is terrifying, because each time this happens, there is a small risk that the aggrieved side will respond aggressively, maybe at the wrong party, and (worst of all) even if it carries the risk of nuclear escalation.
This is because cyber weapons are different from conventional ones. They are cheaper to design and wield. That means great powers, middle powers, and pariah states can all develop and use them.
More important, missiles come with a return address, but virtual attacks do not. Suppose in 2023, in the coldest weeks of winter, a virus shuts down American or European oil pipelines. It has all the markings of a Russian attack, but intelligence experts warn it could be a Chinese assault in disguise. Others see hints of the Iranian Revolutionary Guard. No one knows for sure. Presidents Biden and Macron have to decide whether to retaliate at all, and if so, against whom … Russia? China? Iran? It's a gamble, and they could get unlucky.
Neither country wants to start a conventional war with one another, let alone a nuclear one. Conflict is so ruinous that most enemies prefer to loathe one another in peace. During the Cold War, the prospect of mutual destruction was a huge deterrent to any great power war. There were almost no circumstances in which it made sense to initiate an attack. But cyber warfare changes that conventional strategic calculus. The attribution problem introduces an immense amount of uncertainty, complicating the decision our leaders have to make.
FBI Recommends Ad Blockers as Cyber Criminals Impersonate Brands in Search Engine Ads
The Federal Bureau of Investigation (FBI) this week raised the alarm on cyber criminals impersonating brands in advertisements that appear in search engine results. The agency has advised consumers to use ad blockers to protect themselves from such threats.
The attackers register domains similar to those of legitimate businesses or services, and use those domains to purchase ads from search engine advertisement services, the FBI says in an alert. These nefarious ads are displayed at the top of the web page when the user searches for that business or service, and the user might mistake them for an actual search result.
Links included in these ads take users to pages that are identical to the official web pages of the impersonated businesses, the FBI explains. If the user searches for an application, they are taken to a fake web page that uses the real name of the program the user searches for, and which contains a link to download software that is, in fact, malware.
“These advertisements have also been used to impersonate websites involved in finances, particularly cryptocurrency exchange platforms,” the FBI notes. Seemingly legitimate exchange platforms, the malicious sites prompt users to provide their login and financial information, which the cyber criminals then use to steal the victim’s funds.
“While search engine advertisements are not malicious in nature, it is important to practice caution when accessing a web page through an advertised link,” the FBI says.
Businesses are advised to use domain protection services to be notified of domain spoofing, and to educate users about spoofed websites and on how to find legitimate downloads for the company’s software.
Users are advised to check URLs to make sure they access authentic websites, to type a business’ URL into the browser instead of searching for that business, and to use ad blockers when performing internet searches. Ad blockers can have a negative impact on the revenues of online businesses and advertisers, but they can be good for online security, and even the NSA and CIA are reportedly using them.
North Korea-Linked Hackers Stole $626 Million in Virtual Assets in 2022
South Korea’s spy agency, the National Intelligence Service, estimated that North Korea-linked threat actors have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the past five years.
According to the spy agency, more than half the crypto assets (about 800 billion won ($626 million)) have been stolen this year alone, reported the Associated Press. The Government of Pyongyang focuses on crypto hacking to fund its military program following harsh UN sanctions.
“South Korea’s main spy agency, the National Intelligence Service, said North Korea’s capacity to steal digital assets is considered among the best in the world because of the country’s focus on cyber crimes since UN economic sanctions were toughened in 2017 in response to its nuclear and missile tests.” reported the AP agency. North Korea cannot export its products due to the UN sanctions imposed in 2016 and 1017, and the impact on its economy is dramatic.
The NIS added that more than 100 billion won ($78 million) of the total stolen funds came from South Korea. Cyber security and intelligence experts believe that attacks aimed at the cryptocurrency industry will continue to increase next year. National Intelligence Service experts believe that North Korea-linked APT groups will focus on the theft of South Korean technologies and confidential information on South Korean foreign policy and national security.
Data published by the National Intelligence Service agency confirms a report published by South Korean media outlet Chosun early this year that revealed North Korean threat actors have stolen around $1.7 billion (2 trillion won) worth of cryptocurrency from multiple exchanges during the past five years.
https://securityaffairs.co/wordpress/139909/intelligence/north-korea-cryptocurrency-theft.html
UK Security Agency Wants Fresh Approach to Combat Phishing
The UK National Cyber Security Centre (NCSC) has called for a defence-in-depth approach to help mitigate the impact of phishing, combining technical controls with a strong reporting culture.
Writing in the agency’s blog, technical director and principal architect, “Dave C,” argued that many of the well-established tenets of anti-phishing advice simply don’t work. For example, advising users not to click on links in unsolicited emails is not helpful when many need to do exactly that as part of their job.
This is often combined with a culture where users are afraid to report that they’ve accidentally clicked, which can delay incident response, he said. It’s not the user’s responsibility to spot a phish – rather, it’s their organisation’s responsibility to protect them from such threats, Dave C argued.
As such, they should build layered technical defences, consisting of email scanning and DMARC/SPF policies to prevent phishing emails from arriving into inboxes. Then, organisations should consider the following to prevent code from executing:
Allow-listing for executables
Registry settings changes to ensure dangerous scripting or file types are opened in Notepad and not executed
Disabling the mounting of .iso files on user endpoints
Making sure macro settings are locked down
Enabling attack surface reduction rules
Ensuring third-party software is up to date
Keeping up to date about current threats
Additionally, organisations should take steps such as DNS filtering to block suspicious connections and endpoint detection and response (EDR) to monitor for suspicious behaviour, the NCSC advised.
https://www.infosecurity-magazine.com/news/uk-security-agency-combat-phishing/
GodFather Android malware targets 400 banks, crypto exchanges
An Android banking malware named 'Godfather' has been targeting users in 16 countries, attempting to steal account credentials for over 400 online banking sites and cryptocurrency exchanges.
The malware generates login screens overlaid on top of the banking and crypto exchange apps' login forms when victims attempt to log into the site, tricking the user into entering their credentials on well-crafted HTML phishing pages.
The Godfather trojan was discovered by Group-IB analysts, who believe it is the successor of Anubis, a once widely-used banking trojan that gradually fell out of use due to its inability to bypass newer Android defences. ThreatFabric first discovered Godfather in March 2021, but it has undergone massive code upgrades and improvements since then.
Also, Cyble published a report yesterday highlighting a rise in the activity of Godfather, pushing an app that mimics a popular music tool in Turkey, downloaded 10 million times via Google Play. Group-IB has found a limited distribution of the malware in apps on the Google Play Store; however, the main distribution channels haven't been discovered, so the initial infection method is largely unknown.
Almost half of all apps targeted by Godfather, 215, are banking apps, and most of them are in the United States (49), Turkey (31), Spain (30), Canada (22), France (20), Germany (19), and the UK (17).
Apart from banking apps, Godfather targets 110 cryptocurrency exchange platforms and 94 cryptocurrency wallet apps.
Companies Overwhelmed by Available Tech Solutions
92% of executives reported challenges in acquiring new tech solutions, highlighting the complexities that go into the decision-making process, according to GlobalDots.
Moreover, some 34% of respondents said the overwhelming amount of options was a challenge when deciding on the right solutions, and 33% admitted the time needed to conduct research was another challenge in deciding.
Organisations of all varieties rely on technology more than ever before. The constant adoption of innovation is no longer a luxury but rather a necessity to stay on par in today’s fast-paced and competitive digital landscape. In this environment, IT and security leaders are coming under increased pressure to show ROIs from their investment in technology while balancing operational excellence with business innovation. Due to current market realities, IT teams are short-staffed and suffering from a lack of time and expertise, making navigating these challenges even more difficult.
The report investigated how organisations went about finding support for their purchasing decisions. Conferences, exhibitions, and online events served as companies’ top source of information for making purchasing decisions, at 52%. Third-party solutions, such as value-added resellers and consultancies, came in second place at 48%.
54% are already using third parties to purchase, implement, or support their solutions, highlighting the value that dedicated experts with in-depth knowledge of every solution across a wide range of IT fields provide.
We are living in an age of abundance when it comes to tech solutions for organisations, and this makes researching and purchasing the right solutions for your organisation extremely challenging.
https://www.helpnetsecurity.com/2022/12/20/tech-purchasing-decisions/
Nine in 10 Third-party Contractors, Freelancers Use Personal, Unmanaged Devices Likely to be Infected
Talon Cyber Security surveyed 258 third-party providers to better understand the state of third-party working conditions, including work models, types of devices and security technologies used, potentially risky actions taken, and how security and IT tools impact productivity.
Looking at recent high-profile breaches, third parties have consistently been at the epicenter, so they took a step back with their research to better understand the potential root causes. The findings paint a picture of a third-party work landscape where individuals are consistently working from personal, unmanaged devices, conducting risky activities, and having their productivity impacted by legacy security and IT solutions.
Here’s what Talon discovered:
Most third parties (89%) work from personal, unmanaged devices, where organisations lack visibility and cannot enforce the enterprise’s security posture on. Talon pointed to a Microsoft data point that estimated users are 71% more likely to be infected on an unmanaged device.
With third parties working from personal devices, they tend to carry out personal, potentially risky tasks. Respondents note that at least on occasion, they have used their devices to:
Browse the internet for personal needs (76%)
Indulge in online shopping (71%)
Check personal email (75%)
Save weak passwords in the web browser (61%)
Play games (53%)
Allow family members to browse (36%)
Share passwords with co-workers (24%)
Legacy apps such as Virtual Desktop Infrastructure (VDI) and Desktop-as-a-Service (DaaS) solutions are prominent, with 45% of respondents using such technologies while working for organisations.
UK Privacy Regulator Names and Shames Breached Firms
The UK Information Commissioner’s Office (ICO) has taken the unusual step of publishing details of personal data breaches, complaints and civil investigations on its website, according to legal experts.
The data, available from Q4 2021 onwards, includes the organisation’s name and sector, the relevant legislation and the type of issues involved, the date of completion and the outcome.
Given the significance of this development, it’s surprising that the ICO has (1) chosen to release it with limited fanfare, and (2) buried the data sets on its website. Indeed, it seems to have flown almost entirely under the radar.
Understanding whether their breach or complaint will be publicised by European regulators is one of – if not the – main concern that organisations have when working through an incident, and the answer has usually been no. That is particularly the understanding or assumption where the breach or complaint is closed without regulatory enforcement. Now, at least in the UK, the era of relative anonymity looks to be over.
Despite the lack of fanfare around the announcement, this naming and shaming approach could make the ICO one of the more aggressive privacy regulators in Europe. In the future, claimant firms in class action lawsuits may adopt “US-style practices” of scanning the ICO database to find evidence of repeat offending or possible new cases.
The news comes even as data reveals the value of ICO fines issued in the past year tripled from the previous 12 months. In the year ending October 31 2022, the regulator issued fines worth £15.2m, up from £4.8m the previous year. The sharp increase in the value of fines shows the ICO’s increasing willingness selectively to crack down on businesses – particularly those that the ICO perceives has not taken adequate measures to protect customer and employee data.
https://www.infosecurity-magazine.com/news/uk-privacy-regulator-names-and/
Threats
Ransomware, Extortion and Destructive Attacks
20 companies affected by major ransomware attacks in 2021 | TechTarget
NCC Group: Ransomware attacks increased 41% in November | TechTarget
Adversarial risk in the age of ransomware - Help Net Security
FIN7 hackers create auto-attack platform to breach Exchange servers (bleepingcomputer.com)
Ransomware Uses New Exploit to Bypass ProxyNotShell Mitigations | SecurityWeek.Com
British newspaper The Guardian says it’s been hit by ransomware | TechCrunch
Play ransomware actors bypass ProxyNotShell mitigations | TechTarget
FIN7 Cyber crime Syndicate Emerges as Major Player in Ransomware Landscape (thehackernews.com)
Vice Society ransomware gang is using a custom locker - Security Affairs
NIO suffers user data breach, hacker demands $2.25 million worth of bitcoin - CnEVPost
German industrial giant ThyssenKrupp targeted in a cyber attack - Security Affairs
Paying Ransom: Why Manufacturers Shell Out to Cyber criminals (darkreading.com)
France Seeks to Protect Hospitals After Series of Cyber attacks | SecurityWeek.Com
Fire and rescue service in Victoria, Australia, confirms cyber attack - Security Affairs
Play Ransomware Gang Lay Claims For Cyber Attack On H-Hotels (informationsecuritybuzz.com)
Evolving threats and broadening responses to Ransomware in the UAE - Security Boulevard
Phishing & Email Based Attacks
Five Best Practices for Consumers to Beat Phishing Campaigns This Holiday Season - CPO Magazine
Hackers continue to exploit hijacked MailChimp accounts in cyber crime campaigns (bitdefender.com)
Holiday Spam, Phishing Campaigns Challenge Retailers (darkreading.com)
Email hijackers scam food out of businesses, not just money • The Register
Telling users to ‘avoid clicking bad links’ still isn’t working - NCSC.GOV.UK
“Suspicious login” scammers up their game – take care at Christmas – Naked Security (sophos.com)
Simple Steps to Avoid Phishing Attacks During This Festive season | Tripwire
BEC – Business Email Compromise
Telling users to ‘avoid clicking bad links’ still isn’t working - NCSC.GOV.UK
What happens once scammers receive funds from their victims - Help Net Security
Other Social Engineering; Smishing, Vishing, etc
2FA/MFA
Why Security Teams Shouldn't Snooze on MFA Fatigue (darkreading.com)
Comcast Xfinity accounts hacked in widespread 2FA bypass attacks (bleepingcomputer.com)
Malware
Malicious ‘SentinelOne’ PyPI package steals data from developers (bleepingcomputer.com)
Glupteba Botnet Continues to Thrive Despite Google's Attempts to Disrupt It (thehackernews.com)
Ukraine's DELTA military system users targeted by info-stealing malware (bleepingcomputer.com)
Sophisticated DarkTortilla Malware Serves Imposter Cisco, Grammarly Pages (darkreading.com)
Trojanized Windows 10 installers compromised the Ukrainian government | SC Media (scmagazine.com)
Raspberry Robin Worm Targets Telcos & Governments (darkreading.com)
Raspberry Robin worm drops fake malware to confuse researchers (bleepingcomputer.com)
Number of command-and-control servers spiked in 2022: report - The Record by Recorded Future
Mobile
GodFather Android malware targets 400 banks, crypto exchanges (bleepingcomputer.com)
Godfather makes banking apps an offer they can’t refuse • The Register
T-Mobile hacker gets 10 years for $25 million phone unlock scheme (bleepingcomputer.com)
Botnets
Glupteba Botnet Continues to Thrive Despite Google's Attempts to Disrupt It (thehackernews.com)
Zerobot malware now spreads by exploiting Apache vulnerabilities (bleepingcomputer.com)
Flaws within IoT devices exploited by the Zerobot botnet (izoologic.com)
Zerobot Adds Brute Force, DDoS to Its IoT Attack Arsenal (darkreading.com)
Denial of Service/DoS/DDOS
DDoS Attacks are Slowly Growing in the Technology Era (analyticsinsight.net)
Zerobot Adds Brute Force, DDoS to Its IoT Attack Arsenal (darkreading.com)
BYOD
Internet of Things – IoT
Millions of IP cameras around the world are unprotected | TechRadar
Zerobot Adds Brute Force, DDoS to Its IoT Attack Arsenal (darkreading.com)
Throw away all your Eufy cameras right now | Android Central
Read what Anker’s customer support is telling worried Eufy camera owners - The Verge
Amazon Ring Cameras Used in Nationwide ‘Swatting’ Spree, US Says - Bloomberg
Connected homes are expanding, so is attack volume - Help Net Security
Security Risks, Serious Vulnerabilities Rampant Among XIoT Devices in the Workplace - CPO Magazine
Data Breaches/Leaks
LastPass users: Your info and password vault data are now in hackers’ hands | Ars Technica
Okta's source code stolen after GitHub repositories hacked (bleepingcomputer.com)
McGraw Hill's S3 buckets exposed 100,000 students' grades • The Register
NIO suffers user data breach, hacker demands $2.25 million worth of bitcoin - CnEVPost
Shoemaker Ecco leaks over 60GB of sensitive data for 500+ days - Security Affairs
Restaurant CRM platform ‘SevenRooms’ confirms breach after data for sale (bleepingcomputer.com)
Leading sports betting firm BetMGM discloses data breach (bleepingcomputer.com)
Organised Crime & Criminal Actors
'Russian hackers' help two New York men game JFK taxi system - CyberScoop
What happens once scammers receive funds from their victims - Help Net Security
[FIN7] Fin7 Unveiled: A deep dive into notorious cyber crime gang - PRODAFT
Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain
FTX's alleged run-of-the-mill frauds depended entirely on crypto (yahoo.com)
GodFather Android malware targets 400 banks, crypto exchanges (bleepingcomputer.com)
Two associates of Sam Bankman-Fried plead guilty to fraud charges in FTX fall | FTX | The Guardian
North Korea-linked hackers stole $626M in virtual assets in 2022 - Security Affairs
Insider Risk and Insider Threats
Fraud, Scams & Financial Crime
FTX's alleged run-of-the-mill frauds depended entirely on crypto (yahoo.com)
“Suspicious login” scammers up their game – take care at Christmas – Naked Security (sophos.com)
Fraudulent ‘popunder’ Google Ad campaign generated millions of dollars • The Register
Over 67,000 DraftKings Betting Accounts Hit by Hackers (gizmodo.com)
What happens once scammers receive funds from their victims - Help Net Security
T-Mobile hacker gets 10 years for $25 million phone unlock scheme (bleepingcomputer.com)
Google Ad fraud campaign used adult content to make millions (bleepingcomputer.com)
Two associates of Sam Bankman-Fried plead guilty to fraud charges in FTX fall | FTX | The Guardian
Inside The Next-Level Fraud Ring Scamming Billions Off Holiday Retailers (darkreading.com)
Supply Chain and Third Parties
Cloud/SaaS
McGraw Hill's S3 buckets exposed 100,000 students' grades • The Register
AWS simplifies Simple Storage Service to prevent data leaks • The Register
New Brand of Security Threats Surface in the Cloud (darkreading.com)
Google WordPress Plug-in Bug Allows AWS Metadata Theft (darkreading.com)
Security on a Shoestring? Cloud, Consolidation Best Bets for Businesses (darkreading.com)
Hybrid/Remote Working
Attack Surface Management
Encryption
API
Open Source
Passwords, Credential Stuffing & Brute Force Attacks
LastPass admits attackers copied password vaults • The Register
LastPass users: Your info and password vault data are now in hackers’ hands | Ars Technica
Social Media
Malvertising
Fraudulent ‘popunder’ Google Ad campaign generated millions of dollars • The Register
Don't click too quick! FBI warns of malicious search engine ads | Tripwire
Google Ad fraud campaign used adult content to make millions (bleepingcomputer.com)
Parental Controls and Child Safety
Buggy parental-control apps could allow device takeover • The Register
Children And The Dangers Of The Virtual World (informationsecuritybuzz.com)
Regulations, Fines and Legislation
TSB fined nearly $60m for platform migration disaster • The Register
FCC proposes record-breaking $300 million fine against robocaller (bleepingcomputer.com)
France Fines Microsoft 60 Million Euros Over Advertising Cookies | SecurityWeek.Com
The long, long reach of the UK’s national security laws | Financial Times
Governance, Risk and Compliance
Make sure your company is prepared for the holiday hacking season - Help Net Security
The benefit of adopting a hacker mindset for building security strategies - Help Net Security
Careers, Working in Cyber and Information Security
CISO roles continue to expand beyond technical expertise - Help Net Security
UK secret services wants ‘corkscrew thinkers’ for new cyber force | News | The Times
Law Enforcement Action and Take Downs
Privacy, Surveillance and Mass Monitoring
France Fines Microsoft 60 Million Euros Over Advertising Cookies | SecurityWeek.Com
What is surveillance capitalism? - Definition from WhatIs.com (techtarget.com)
Google Maps: Important reason you should blur your house on Street View (ladbible.com)
Blur Your House ASAP if It's on Google Maps. Here's Why - CNET
Artificial Intelligence
Threat Modeling in the Age of OpenAI's Chatbot (darkreading.com)
This is how OpenAI's ChatGPT can be used to launch cyber attacks (techmonitor.ai)
Misinformation, Disinformation and Propaganda
Spyware, Cyber Espionage & Cyber Warfare, including Russian Invasion of Ukraine
State level cyber attacks – Why and how (ukdefencejournal.org.uk)
The risk of escalation from cyber attacks has never been greater | Ars Technica
Ukraine's DELTA military system users targeted by info-stealing malware (bleepingcomputer.com)
Trojanized Windows 10 installers compromised the Ukrainian government | SC Media (scmagazine.com)
NATO-Member Oil Refinery Targeted in Russian APT Blitz Against Ukraine (darkreading.com)
Russian APT Gamaredon Changes Tactics in Attacks Targeting Ukraine | SecurityWeek.Com
Kremlin-linked hackers tried to spy on oil firm in NATO country, researchers say | CNN Politics
‘Our weapons are computers’: Ukrainian coders aim to gain battlefield edge | Ukraine | The Guardian
The long, long reach of the UK’s national security laws | Financial Times
UK secret services wants ‘corkscrew thinkers’ for new cyber force | News | The Times
Nation State Actors
Nation State Actors – Russia
Nation State Actors – China
Apple accused of censoring apps in Hong Kong and Russia • The Register
The long, long reach of the UK’s national security laws | Financial Times
Nation State Actors – North Korea
Vulnerability Management
Open source vulnerabilities add to security debt - Help Net Security
Top 5 Vulnerabilities Routinely Exploited by Threat Actors in 2022 (socradar.io)
Over 50 New CVE Numbering Authorities Announced in 2022 | SecurityWeek.Com
A Guide to Efficient Patch Management with Action1 (thehackernews.com)
Digging into the numbers one year after Log4Shell | SC Media (scmagazine.com)
Vulnerabilities
Critical Windows code-execution vulnerability went undetected until now | Ars Technica
FoxIt Patches Code Execution Flaws in PDF Tools | SecurityWeek.Com
Old vulnerabilities in Cisco products actively exploited in the wild - Security Affairs
OWASSRF: CrowdStrike Identifies New Method for Bypassing ProxyNotShell Mitigations
Microsoft reports macOS Gatekeeper has an 'Achilles' heel • The Register
Microsoft will turn off Exchange Online basic auth in January (bleepingcomputer.com)
Cisco’s Talos security bods predict new wave of Excel Hell • The Register
Microsoft pushes emergency fix for Windows Server Hyper-V VM issues (bleepingcomputer.com)
Ransomware Uses New Exploit to Bypass ProxyNotShell Mitigations | SecurityWeek.Com
Zerobot malware now spreads by exploiting Apache vulnerabilities (bleepingcomputer.com)
Two New Security Flaws Reported in Ghost CMS Blogging Software (thehackernews.com)
Critical Security Flaw Reported in Passwordstate Enterprise Password Manager (thehackernews.com)
This critical Windows security flaw could be as serious as WannaCry, experts claim | TechRadar
Google WordPress Plug-in Bug Allows AWS Metadata Theft (darkreading.com)
Microsoft Details Gatekeeper Bypass Vulnerability in Apple macOS Systems (thehackernews.com)
Tools and Controls
Companies overwhelmed by available tech solutions - Help Net Security
Is Enterprise VPN on Life Support or Ripe for Reinvention? | SecurityWeek.Com
Reports Published in the Last Week
Other News
The Growing Risk Of Malicious QR Codes (informationsecuritybuzz.com)
NASA infosec again falls short of required standard • The Register
US Joint Cyber Force Elevated to Newest Subordinate Unified Command - MSSP Alert
The Rise of the Rookie Hacker - A New Trend to Reckon With (thehackernews.com)
What enumeration attacks are and how to prevent them | TechTarget
US consumers seriously concerned over their personal data | CSO Online
The FBI is worried about wave of crime against small businesses (cnbc.com)
Sector Specific
Industry specific threat intelligence reports are available.
Contact us to receive tailored reports specific to the industry/sector and geographies you operate in.
· Automotive
· Construction
· Critical National Infrastructure (CNI)
· Defence & Space
· Education & Academia
· Energy & Utilities
· Estate Agencies
· Financial Services
· FinTech
· Food & Agriculture
· Gaming & Gambling
· Government & Public Sector (including Law Enforcement)
· Health/Medical/Pharma
· Hotels & Hospitality
· Insurance
· Legal
· Manufacturing
· Maritime
· Oil, Gas & Mining
· OT, ICS, IIoT, SCADA & Cyber-Physical Systems
· Retail & eCommerce
· Small and Medium Sized Businesses (SMBs)
· Startups
· Telecoms
· Third Sector & Charities
· Transport & Aviation
· Web3
As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.
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
Black Arrow Cyber Threat Briefing 18 November 2022:
-Amid Legal Fallout, Cyber Insurers Redefine State-Sponsored Attacks as Act of War
-Supply Chains Need Shoring Up Against Cyber Attacks, C-Suite Executives Say
-Is Your Board Prepared for New Cyber Security Regulations?
-Unwanted Emails Steadily Creeping into Inboxes
-People Are Still Using the Dumbest Passwords Available
-Zero-Trust Initiatives Stall, as Cyber Attack Costs Rocket to $1M per Incident
-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
-Cyber Security Training Boosts Risk Posture, Research Finds
-MI5 Chief: UK will have to tackle Russian Aggression ‘for Years to Come’
-Offboarding Processes Pose Security Risks as Job Turnover Increases: Report
-Do Companies Need Cyber Insurance?
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.
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.
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.
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”.
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.
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.
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.
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
Threats
Ransomware and Extortion
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)
How to deal with the trauma of the Medibank cyber breach | Andrea Szasz | The Guardian
Researchers secretly helped decrypt Zeppelin ransomware for 2 years (bleepingcomputer.com)
Vanuatu: Hackers strand Pacific island government for over a week - BBC News
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)
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)
Google Wins Lawsuit Against Glupteba Botnet Operators | SecurityWeek.Com
Mobile
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)
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
Fraud, Scams & Financial Crime
Massive adware campaign spoofs top brands to trick users | TechRadar
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
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
Supply Chain and Third Parties
Software Supply Chain
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
Passwords, Credential Stuffing & Brute Force Attacks
Social Media
Advertising giant warns clients to stay off Twitter (telegraph.co.uk)
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)
FBI director says he's 'extremely concerned' about China's ability to weaponize TikTok - CyberScoop
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
Careers, Working in Cyber and Information Security
Cyber security jobs: Five ways to help you build your career | ZDNET
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)
Russian hacktivists hit Ukrainian orgs with ransomware - but no ransom demands - Help Net Security
COP27 Delegates Given Burner Phones To Combat Spying - Information Security Buzz
Avast details Worok espionage group's compromise chain - Security Affairs
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)
Koch-funded group sues US state over mobile 'spyware' • The Register
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
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
Vulnerability Management
Vulnerabilities
Microsoft Office lets hackers execute arbitrary code, update now | TechRadar
Unpatched Zimbra Platforms Are Probably Compromised, CISA Says (darkreading.com)
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
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
Reports Published in the Last Week
Other News
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
Repair technicians caught snooping on customer data • The Register
Research: Most North American SMBs Outsource Cyber security Management to Third Parties - MSSP Alert
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.
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 10 December 2021
Black Arrow Cyber Threat Briefing 10 December 2021
-Beware Of Ransomware Attacks Between Christmas and New Year’s!
-Why Holidays Put Your Company at Risk of Cyber Attack (And How to Take Precautions)
-Security Experts Sound Alarm on Zero-Day in Widely Used Log4j Tool
-SolarWinds Attackers Spotted Using New Tactics, Malware
-Cyber Crime Supply Chain: Fueling The Rise In Ransomware
-Weak Passwords Caused 30% Of Security Breaches
-Work-from-Anywhere Requires "Work-from-Anywhere Security"
-Just 3% of UK Firms Escaped a Supply Chain Breach in 2021
-Critical Flaw In ManageEngine Desktop Central MSP Tool Exploited In The Wild
-New Financial Services Industry Report Reveals Major Gaps in Storage and Backup Security
-UK’s Poor Cyber Risk Planning Could “Wreak Havoc”
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
Beware Of Ransomware Attacks Between Christmas And New Year’s!
Darktrace reported that its security researchers discovered a 30% increase in the average number of attempted ransomware attacks globally over the holiday season in every consecutive year from 2018 to 2020 compared to the monthly average.
The researchers also observed a 70% average increase in attempted ransomware attacks in November and December compared to January and February. Following a record number of ransomware attacks this year, the company expects the spike to be higher over the 2021 holiday period.
https://www.helpnetsecurity.com/2021/12/09/ransomware-attacks-holiday/
Why Holidays Put Your Company at Risk of Cyber Attack (And How to Take Precautions)
It is a time when many are thinking of their families and loved ones, time off work, and gift-giving – the holidays. However, while many have their minds outside the realm of work during the holiday season, often, this is when attackers plan their most sinister attacks.
So how can you take precautions to protect your organisation during these times?
Attackers today do not have a soft spot for businesses and give companies a break at any time of the year, especially not during holidays. On the contrary, any time of the year where companies may be less prepared to fend off a cyberattack is an opportunity for successful compromise. As a result, the holidays put your company at a higher risk of cyberattack.
https://thehackernews.com/2021/12/why-holidays-put-your-company-at-risk.html
Security Experts Sound Alarm on Zero-Day in Widely Used Log4j Tool
Security experts are sounding the equivalent of a five-alarm fire on a critical new zero-day vulnerability in Log4j, a logging framework that is ubiquitously present in Java software.
The flaw (CVE-2021-44228) could allow remote attackers to run arbitrary code on any application that uses Log4j and is already being actively exploited. Some vendors have observed mass scanning activity — presumably by threat actors — for vulnerable applications, and there are some reports of exploit activity against organisations. Attacks against the flaw take little skill to execute and are being fueled by proof-of-concept code in the wild.
SolarWinds Attackers Spotted Using New Tactics, Malware
One year after the disruptive supply-chain attacks, researchers have observed two new clusters of activity from the Russia-based actors that signal a significant threat may be brewing.
One year after the notorious and far-reaching SolarWinds supply-chain attacks, its orchestrators are on the offensive again. Researchers said they’ve seen the threat group – which Microsoft refers to as “Nobelium” and which is linked to Russia’s spy agency – compromising global business and government targets with novel tactics and custom malware, stealing data and moving laterally across networks.
https://threatpost.com/solarwinds-attackers-new-tactics-malware/176818/
Cyber Crime Supply Chain: Fuelling The Rise In Ransomware
Trend Micro released a research detailing the murky cybercrime supply chain behind much of the recent surge in ransomware attacks. Demand has increased so much over the past two years that many cybercriminal markets now have their own “Access-as-a-Service” sections.
https://www.helpnetsecurity.com/2021/12/06/cybercrime-supply-chain/
Weak Passwords Caused 30% Of Security Breaches
A recent survey assessed the risk factors associated with password management and how to safeguard them from attacks or breaches. The results revealed that 30% of respondents reported password leaks and security breaches as a result of poor password practices. Respondees admitted to making poor password choices, such as sharing them with colleagues, family members or friends; writing them on sticky notes, papers, planners; re-using passwords across multiple sites and only changing them when prompted.
Consequently, researchers revealed some of the best password practices to create unhackable passwords. These practices include using secure VPNs, two-factor authentication, using a password management software and creating unique passwords that aren’t easily deduced .
https://www.itsecurityguru.org/2021/12/10/weak-passwords-caused-30-of-security-breaches/
Work-from-Anywhere Requires "Work-from-Anywhere Security"
Securing today's expanding networks often includes adding additional technologies to an already overburdened security environment. With organisations already struggling to manage an average of 45 security tools, with each incident requiring coordination across 19 different devices, adding new technologies to the mix may be the straw that breaks the camel's back.
The most recent example of the rapid expansion of the network's attack surface has been remote work. The COVID-19 pandemic accelerated the need for a work-from-anywhere (WFA) strategy. And now, as workers begin to return to the office, a hybrid approach to work has become the new status quo. According to Accenture, 83% of workers prefer a hybrid work model that allows them to work remotely between 25% and 75% of the time. And businesses are listening. 63% of high-revenue growth companies have already enabled productivity anywhere workforce models.
One of the biggest security challenges of a hybrid workforce is that employees need to move seamlessly between the corporate office, their home network, and other remote locations. Applications, whether deployed in the data centre, SaaS, or cloud, not only need to be available from anywhere, but user experience—and security—needs to be consistent from any location as well.
https://www.securityweek.com/work-anywhere-requires-work-anywhere-security
Just 3% of UK Firms Escaped a Supply Chain Breach in 2021
Some 97% of UK organisations suffered a supply chain breach over the past year, up from 82% in 2020 and the second highest figure globally, according to BlueVoyant.
The security firm polled 1200 C-level executives with responsibility for managing risk in supply chains, across the UK, US, Singapore, Canada, Germany and the Netherlands.
UK firms also experienced a higher-than-average percentage of breaches: 59% suffered between two and five supply chain incidents compared to an overall average of 49%. The average number of breaches in the country grew from 2.64 in 2020 to 3.57 in 2021.
Perhaps unsurprisingly given these figures, only a quarter (27%) of UK respondents said they consider third-party cyber risk a key priority versus a 42% global average.
https://www.infosecurity-magazine.com/news/just-3-uk-firms-escaped-supply/
Critical Flaw In ManageEngine Desktop Central MSP Tool Exploited In The Wild
News of this latest zero-day vulnerability comes after hackers exploited at least two other flaws in ManageEngine products this year. Attacks against MSPs and their tools have seen a rise over the past several years due to hackers realizing that compromising such organisations can provide an easy way into the networks of thousands of businesses that rely on them to manage their IT assets.
News of this latest zero-day vulnerability comes after hackers exploited at least two other flaws in ManageEngine products this year. Attacks against MSPs and their tools have seen a rise over the past several years due to hackers realizing that compromising such organisations can provide an easy way into the networks of thousands of businesses that rely on them to manage their IT assets.
New Financial Services Industry Report Reveals Major Gaps in Storage and Backup Security
Continuity™, the first dedicated storage and backup security provider, this week announced findings from its Security Intelligence Report: Analysis of Storage and Backup Security in the Financial Services & Banking Sector. This extensive study – the first of its kind – explores the security posture of storage and backup environments in the global financial services industry.
The survey of 200 financial services firms and banks from 45 countries revealed that most of these organisations have not yet reached a satisfactory level of storage and backup maturity. Notably, more than half (52%) of the respondents were not strongly confident about their storage and backup security, and a quarter (25%) noted they were significantly concerned (low or no confidence).
UK’s Poor Cyber Risk Planning Could “Wreak Havoc”
The UK’s long-term risk planning is under-powered and could expose the nation if it is struck by a serious cyber-threat, a new House of Lords (HoL) report has found.
The study, Preparing for Extreme Risks: Building a Resilient Society, was produced by the upper chamber’s Select Committee on Risk Assessment and Risk Planning after interviews with 85 expert witnesses.
It claimed that the government spends too much of its time reacting to crises and emergencies, neglecting the kind of long-term planning which would have prepared the country better for the COVID-19 pandemic.
“The UK’s unpreparedness to manage the outbreak of the COVID-19 virus was and is clear. More broadly, our inquiry has analyzed the UK’s risk assessment process and found that our current system is deficient at assessing and addressing future threats and hazards,” it argued.
“However, pandemics are only one of a number of extreme risks facing the UK. Severe space weather events could render smart technologies on which much of society relies inoperable for weeks or longer; this would include GPS, the internet, communications systems and power supplies. A cyber or physical attack on our critical national infrastructure could wreak havoc.”
https://www.infosecurity-magazine.com/news/uks-poor-cyber-risk-planning-could/
Threats
Ransomware
Ransomware Attacks Soar, Hackers Set To Become More Aggressive | Reuters
Emotet’s Behaviour & Spread Are Omens of Ransomware Attacks | Threatpost
Ireland Conti Ransomware Attack Vector Was Spam Email • The Register
Crackdown On Crypto Firms Needed To ‘Wreck’ Ransomware, Says Ex-GCHQ Boss (telegraph.co.uk)
Companies Linked to Russian Ransomware Hide in Plain Sight - The New York Times (nytimes.com)
New 'Karakurt' Cyber Crime Gang Focuses On Data Theft And Extortion - Security Affairs
More Than 300 Spar Shops In North Of England Hit By Cyber Attack | Hacking | The Guardian
New Cerber Ransomware Targets Confluence And GitLab Servers (Bleepingcomputer.Com)
Ransomware Attack Locks Hotel Guests Out Of Rooms - IT Security Guru
BlackCat: A New Rust-based Ransomware Malware Spotted in the Wild (thehackernews.com)
ALPHV BlackCat - This Year's Most Sophisticated Ransomware (Bleepingcomputer.Com)
Phishing
Microsoft, Google OAuth Flaws Can Be Abused In Phishing Attacks (Bleepingcomputer.Com)
Researchers Explore Microsoft Outlook Phishing Techniques (darkreading.com)
Convincing Microsoft Phishing Uses Fake Office 365 Spam Alerts (Bleepingcomputer.Com)
Study: Most Phishing Pages Are Abandoned Or Disappear In A Matter Of Days - Techrepublic
Phishing Attacks Use QR Codes To Steal Banking Credentials (Bleepingcomputer.Com)
Malware
Emotet Is Back and More Dangerous Than Before (darkreading.com)
Malicious Notepad++ Installers Push StrongPity Malware (bleepingcomputer.com)
Mobile
IOT
IoT Under Attack: Security Is Still Not Good Enough On These Edge Devices | ZDNet
Three-Quarters of Firms Admit to Sub-Optimal IoT Security - Infosecurity Magazine
Data Breaches/Leaks
Organised Crime & Criminal Actors
Microsoft Seizes 42 Malicious Web Domains Used By Chinese Hackers (thehackernews.com)
Google Disrupts Massive Glupteba Botnet, Sues Russian Operators (Bleepingcomputer.Com)
Cyber Criminals Are Using Fake Advertising To Distribute Malware | Techspot
Cryptocurrency/Cryptojacking
Hackers Are Minting Their Own Crypto To Use In Elaborate Phishing Scams | Techradar
Tor2Mine Cryptominer Is Warning Sign Of Network Exploitation • The Register
QNAP Warns Users Of Bitcoin Miner Targeting Their NAS Devices (Bleepingcomputer.com)
Insider Risk and Insider Threats
Fraud & Financial Crime
Dark Web
OT, ICS, IIoT and SCADA
Nation State Actors
UK Spy Chief Raises Fears Over China’s Digital Renminbi | Financial Times (FT.com)
Russia Blocks Tor Privacy Service in Latest Censorship Move (thehackernews.com)
Cloud
Vulnerabilities
Your Microsoft Network Is Only As Secure As Your Oldest Server | CSO Online
Lack of Patching Leaves 300,000 Routers at Risk for Attack (darkreading.com)
Vulnerability In Windows 10 URI Handler Leads To Remote Code Execution | Malwarebytes Labs
Dark Mirai Botnet Targeting RCE On Popular TP-Link Router (Bleepingcomputer.Com)
Sprawling Active Attack Aims to Take Over 1.6M WordPress Sites | Threatpost
Sector Specific
Financial Services Sector
US Bank Regulator Urges Vigilance As Ransomware Attacks On The Rise | Reuters
Israel Leads 10-Country Simulation Of Major Cyber Attack On World Markets | The Times Of Israel
Health/Medical/Pharma Sector
Retail
Fueled by Pandemic Realities, Grinchbots Aggressively Surge in Activity | Threatpost
Hackers Infect Random WordPress Plugins To Steal Credit Cards (Bleepingcomputer.Com)
Transport and Aviation
Other News
Google, Microsoft: Internet Whac-a-Mole vs. Cyber Criminals - MSSP Alert
Are You Guilty of These 8 Network-Security Bad Practices? | Threatpost
1.6 Million WordPress Sites Under Cyber Attack From Over 16,000 IP Addresses (thehackernews.com)
Next-Gen Maldocs & How to Solve the Human Vulnerability | Threatpost
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