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Black Arrow Cyber Threat Briefing 06 January 2023
Black Arrow Cyber Threat Briefing 06 January 2023:
-Cyber War in Ukraine, Ransomware Fears Drive Surge in Demand for Threat Intelligence Tools
-Cyber Premiums Holding Firms to Ransom
-Ransomware Ecosystem Becoming More Diverse For 2023
-Attackers Evolve Strategies to Outmanoeuvre Security Teams
-Building a Security-First Culture: The Key to Cyber Success
-Adobe, Apple, Cisco, Microsoft Flaws Make Up Half of Known Exploited Vulnerabilities Catalogue
-First LastPass, Now Slack and CircleCI. The Hacks Go On (and will likely worsen)
-Data of 235 Million Twitter Users Leaked Online
-16 Car Makers, including BMW, Ferrari, Ford, Honda, Kia, Land Rover, Mercedes and Toyota, and Their Vehicles Hacked via Telematics, APIs, Infrastructure
-Ransomware Gang Apologizes, Gives SickKids Hospital Free Decryptor
Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.
Top Cyber Stories of the Last Week
Cyber War in Ukraine, Ransomware Fears Drive 2022 Surge in Demand for Threat Intelligence Tools
Amid the heightened fear of ransomware in 2022, threat intelligence emerged as a core requirement of doing business in a world gone mad.
A sizable amount of interest in the historically tech-centric discipline was fuelled in part by fear of cyber attacks tied to the war between Russia and Ukraine. In one example, the Ukrainian government warned the world that the Russian military was planning for multi-pronged attacks targeting the energy sector. Other nation-state cyber attack operations also contributed to the demand, including one June 2022 incident were Iran’s Cobalt Mirage exploited PowerShell vulnerabilities to launch ransomware attacks.
And of course, headlines of data breaches tied to vulnerabilities that organisations did not even know existed within their networks caught the attention not just of security teams, but the C-Suite and corporate board. A misconfigured Microsoft server, for example, wound up exposing years of sensitive data for tens of thousands of its customers, including personally identifiable information, user data, product and project details and intellectual property.
Indeed, according to 183 security pros surveyed by CyberRisk Alliance Business Intelligence in June 2022, threat intelligence has become critical in arming their security operations centres (SOCs) and incident response teams with operational data to help them make timely, informed decisions to prevent system downtime, thwart the theft of confidential data, and protect intellectual property.
Threat intelligence has emerged as a useful tool for educating executives. Many also credited threat intelligence for helping them protect their company and customer data — and potentially saving their organisation's reputation.
Cyber Premiums Holding Firms to Ransom
Soaring premiums for cyber security insurance are leaving businesses struggling to pay other bills, a key industry player has warned.
Mactavish, which buys insurance policies on behalf of companies, said that more than half of big businesses that had bought cyber security insurance had been forced to make cuts elsewhere to pay for it.
In a survey of 200 companies with a turnover above £10 million, Mactavish found that businesses were reducing office costs and staff bonuses and were cutting other types of insurance to meet the higher payments.
Last month Marsh, an insurance broker, revealed that costs for cyber insurance had increased by an average of 66 per cent in the third quarter compared with last year.
Meanwhile, the risk to businesses from hackers continues to rise. A government report on digital threats, published this month, showed the proportion of businesses experiencing cyber security incidents at least monthly had increased from 53 per cent to 60 per cent in the past year. Uber, Cisco and InterContinental Hotels Group were among high-profile targets this year.
https://www.thetimes.co.uk/article/cyber-safety-premiums-hold-firms-to-ransom-tnrsz3vs2
Ransomware Ecosystem Becoming More Diverse for 2023
The ransomware ecosystem has changed significantly in 2022, with attackers shifting from large groups that dominated the landscape toward smaller ransomware-as-a-service (RaaS) operations in search of more flexibility and drawing less attention from law enforcement. This democratisation of ransomware is bad news for organisations because it also brought in a diversification of tactics, techniques, and procedures (TTPs), more indicators of compromise (IOCs) to track, and potentially more hurdles to jump through when trying to negotiate or pay ransoms.
Since 2019 the ransomware landscape has been dominated by big and professionalised ransomware operations that constantly made the news headlines and even looked for media attention to gain legitimacy with potential victims. We've seen ransomware groups with spokespeople who offered interviews to journalists or issued "press releases" on Twitter and their data leak websites in response to big breaches.
The DarkSide attack against Colonial Pipeline that led to a major fuel supply disruption along the US East Coast in 2021 highlighted the risk that ransomware attacks can have against critical infrastructure and led to increased efforts to combat this threat at the highest levels of government. This heightened attention from law enforcement made the owners of underground cyber crime forums reconsider their relationship with ransomware groups, with some forums banning the advertising of such threats. DarkSide ceased operations soon thereafter and was followed later in the year by REvil, also known as Sodinokibi, whose creators were indicted and one was even arrested. REvil was one of the most successful ransomware groups since 2019.
Russia's invasion of Ukraine in February 2022 quickly put a strain on the relationship between many ransomware groups who had members and affiliates in both Russia and Ukraine, or other former USSR countries. Some groups, such as Conti, rushed to take sides in the war, threatening to attack Western infrastructure in support of Russia. This was a departure from the usual business-like apolitical approach in which ransomware gangs had run their operations and drew criticism from other competing groups.
This was also followed by a leak of internal communications that exposed many of Conti's operational secrets and caused uneasiness with its affiliates. Following a major attack against the Costa Rican government the US State Department put up a reward of $10 million for information related to the identity or location of Conti's leaders, which likely contributed to the group's decision to shut down operations in May.
Conti's disappearance led to a drop in ransomware activity for a couple of months, but it didn't last long as the void was quickly filled by other groups, some of them newly set up and suspected to be the creation of former members of Conti, REvil and other groups that ceased operations over the past two years.
Attackers Evolve Strategies to Outmanoeuvre Security Teams
Attackers are expected to broaden their targeting strategy beyond regulated verticals such as financial services and healthcare. Large corporations (41%) will be the top targeted sector for cyber attacks in 2023, favoured over financial institutions (36%), government (14%), healthcare (9%), and education (8%), according to cyber security solution provider Titaniam.
The fast pace of change has introduced new vulnerabilities into corporate networks, making them an increasingly attractive target for cyber attackers. To compete in the digital marketplace, large companies are adopting more cloud services, aggregating data, pushing code into production faster, and connecting applications and systems via APIs.
As a result, misconfigured services, unprotected databases, little-tested applications, and unknown and unsecured APIs abound, all of which can be exploited by attackers.
The top four threats in 2022 were malware (30%), ransomware and extortion (27%), insider threats (26%), and phishing (17%).
The study found that enterprises expected malware (40%) to be their biggest challenge in 2023, followed by insider threats (26%), ransomware and related extortion (21%), and phishing (16%).
Malware, however, has more enterprises worried for 2023 than it did for 2022. It is important to note that these threats can overlap, where insiders can have a hand in ransomware attacks, phishing can be a source of malware, etc.
Attackers are evolving their strategies to surprise and outmanoeuvre security teams, which have hardened ransomware defences and improved phishing detection. They’re using new malware, such as loaders, infostealers, and wipers to accelerate attacks, steal sensitive data and create mayhem.
They’re also buying and stealing employee credentials to walk in through the front door of corporate networks.
https://www.helpnetsecurity.com/2023/01/04/attackers-evolve-strategies-outmaneuver-security-teams/
Building a Security-First Culture: The Key to Cyber Success
Everyone has heard a car alarm go off in the middle of the night, but how often does that notification actually lead to action? Most people will hear the alarm, glance in its direction and then hope the owner will quickly remedy the situation.
Cars alarms often fail because they go off too often, leading to apathy and annoyance instead of being a cause for emergency. For many, cyber security has also become this way. While we see an increase in the noise surrounding the need for organisations to improve the security skillset and knowledge base of employees, there continues to be little proactive action on this front. Most organisations only provide employees with elementary-grade security training, often during their initial onboarding process or as part of a standard training requirement.
At the same time, many organisations also make the grave mistake of leaving all of their security responsibilities and obligations in the hands of IT and security teams. Time and time again, this approach has proven to be highly ineffective, especially as cyber criminals refine their social engineering tactics and target user accounts to execute their attacks.
Alarmingly, recent research found that 30% of employees do not think that they play a role in maintaining their company’s cyber security posture. The same report also revealed that only 39% of employees say they are likely to report a security incident.
As traditional boundaries of access disintegrate and more employees obtain permissions to sensitive company data and systems to carry out their tasks, business leaders must change the mindset of their employees when it comes to the role they play in keeping the organisation safe from cyber crime. The key is developing an integrated cyber security strategy that incorporates all aspects—including all stakeholders—of the organisation. This should be a strategy that breaks down departmental barriers and creates a culture of security responsibility where every team member plays a part.
Adobe, Apple, Cisco, Microsoft Flaws Make Up Half of Known Exploited Vulnerabilities Catalogue
Back in November 2021, the US Cybersecurity and Infrastructure Security Agency (CISA) published the Known Exploited Vulnerabilities (KEV) Catalogue to help federal agencies and critical infrastructure organisations identify and remediate vulnerabilities that are actively being exploited. CISA added 548 new vulnerabilities to the catalogue across 58 updates from January to end of November 2022, according to cyber security solution provider Grey Noise in its first-ever "GreyNoise Mass Exploits Report."
Including the approximately 300 vulnerabilities added in November and December 2021, CISA listed approximately 850 vulnerabilities in the first year of the catalogue's existence.
Actively exploited vulnerabilities in Microsoft, Adobe, Cisco, and Apple products accounted for over half of the updates to the KEV catalogue in 2022, Grey Noise found. Seventy-seven percent of the updates to the KEV catalogue were older vulnerabilities dating back to before 2022. Many of these vulnerabilities have been around for two decades.
Several of the vulnerabilities in the KEV catalogue are from products that have already entered end-of-life (EOL) and end-of-service-life (EOSL), according to an analysis by a team from cyber security solution provider Cyber Security Works. Even though Windows Server 2008 and Windows 7 are EOSL products, the KEV catalogue lists 127 Server 2008 vulnerabilities and 117 Windows 7 vulnerabilities.
Even though the catalogue was originally intended for critical infrastructure and public-sector organisations, it has become the authoritative source on which vulnerabilities are – or have been – exploited by attackers. This is key because the National Vulnerability Database (NVD) assigned Common Vulnerabilities and Exposures (CVE) identifiers for over 12,000 vulnerabilities in 2022, and it would be unwieldy for enterprise defenders to assess every single one to identify the ones relevant to their environments. Enterprise teams can use the catalogue's curated list of CVEs under active attack to create their priority lists.
First LastPass, Now Slack and CircleCI. The Hacks Go On (and will likely worsen)
In the past week, the world has learned of serious breaches hitting chat service Slack and software testing and delivery company CircleCI, though giving the companies' opaque wording—“security issue” and “security incident,” respectively—you'd be forgiven for thinking these events were minor.
The compromises—in Slack’s case, the theft of employee token credentials and for CircleCI, the possible exposure of all customer secrets it stores—come two weeks after password manager LastPass disclosed its own security failure: the theft of customers’ password vaults containing sensitive data in both encrypted and clear text form. It’s not clear if all three breaches are related, but that’s certainly a possibility.
The most concerning of the two new breaches is the one hitting CircleCI. The company reported a “security incident” that prompted it to advise customers to rotate “all secrets” they store on the service. The alert also informed customers that it had invalidated their Project API tokens, an event requiring them to go through the hassle of replacing them.
CircleCI says it’s used by more than 1 million developers in support of 30,000 organisations and runs nearly 1 million daily jobs. The potential exposure of all those secrets—which could be login credentials, access tokens, and who knows what else—could prove disastrous for the security of the entire Internet.
It’s possible that some or all of these breaches are related. The Internet relies on a massive ecosystem of content delivery networks, authentication services, software development tool makers, and other companies. Threat actors frequently hack one company and use the data or access they obtain to breach that company's customers or partners. That was the case with the August breach of security provider Twilio. The same threat actor targeted 136 other companies. Something similar played out in the last days of 2020 when hackers compromised Solar Winds, gained control of its software build system, and used it to infect roughly 40 Solar Winds customers.
For now, people should brace themselves for additional disclosures from companies they rely on. Checking internal system logs for suspicious entries, turning on multifactor authentication, and patching network systems are always good ideas, but given the current events, those precautions should be expedited. It’s also worth checking logs for any contact with the IP address 54.145.167.181, which one security practitioner said was connected to the CircleCI breach.
Data of 235 Million Twitter Users Leaked Online
A data leak containing email addresses for 235 million Twitter users has been published on a popular hacker forum. Many experts have immediately analysed it and confirmed the authenticity of many of the entries in the huge leaked archive.
In January 2022, a report claimed the discovery of a vulnerability that can be exploited by an attacker to find a Twitter account by the associated phone number/email, even if the user has opted to prevent this in the privacy options. The vulnerability was exploited by multiple threat actors to scrape Twitter user profiles containing both private (phone numbers and email addresses) and public data, and was present within the social media platforms application programming interface (API) from June 2021 until January 2022.
At the end of July 2022, a threat actor leaked data of 5.4 million Twitter accounts that were obtained by exploiting the forementioned, now-fixed vulnerability in the popular social media platform. The scraped data was then put up for sale on various online cyber crime marketplaces. In August, Twitter confirmed that the data breach was caused by a now-patched zero-day flaw.
In December another Twitter data leak made the headlines, a threat actor obtained data of 400,000,000 Twitter users and attempted to sell it. The seller claimed the database is private, and he provided a sample of 1,000 accounts as proof of claims which included the private information of prominent users such as Donald Trump JR, Brian Krebs, and many more. The seller, who is a member of a popular data breach forum, claimed the data was scraped via a vulnerability. The database includes emails and phone numbers of celebrities, politicians, companies, normal users, and a lot of special usernames.
https://securityaffairs.com/140352/data-breach/twitter-data-leak-235m-users.html
16 Car Makers, including BMW, Ferrari, Ford, Honda, Kia, Land Rover, Mercedes and Toyota, and Their Vehicles Hacked via Telematics, APIs, and Infrastructure
A group of seven security researchers have discovered numerous vulnerabilities in vehicles from 16 car makers, including bugs that allowed them to control car functions and start or stop the engine.
Multiple other security defects, the researchers say, allowed them to access a car maker’s internal applications and systems, leading to the exposure of personally identifiable information (PII) belonging to customers and employees, and account takeover, among others. The hacks targeted telematic systems, automotive APIs, and infrastructure.
Impacted car models include Acura, BMW, Ferrari, Ford, Genesis, Honda, Hyundai, Infiniti, Jaguar, Kia, Land Rover, Mercedes-Benz, Nissan, Porsche, Rolls Royce, and Toyota. The vulnerabilities were identified over the course of 2022. Car manufacturers were informed about the security holes and they released patches.
According to the researchers, they were able to send commands to Acura, Genesis, Honda, Hyundai, Kia, Infiniti, Nissan, and Porsche vehicles.
Using only the VIN (vehicle identification number), which is typically visible on the windshield, the researchers were able to start/stop the engine, remotely lock/unlock the vehicle, flash headlights, honk vehicles, and retrieve the precise location of Acura, Honda, Kia, Infiniti, and Nissan cars.
They could also lock users out of remote vehicle management and could change car ownership.
https://www.securityweek.com/16-car-makers-and-their-vehicles-hacked-telematics-apis-infrastructure
Ransomware Gang Apologises, and Gives SickKids Hospital Free Decrypter
The LockBit ransomware gang has released a free decrypter for the Hospital for Sick Children (SickKids), saying one of its members violated rules by attacking the healthcare organisation. SickKids is a teaching and research hospital in Toronto that focuses on providing healthcare to sick children.
On December 18th, the hospital suffered a ransomware attack that impacted internal and corporate systems, hospital phone lines, and the website. While the attack only encrypted a few systems, SickKids stated that the incident caused delays in receiving lab and imaging results and resulted in longer patient wait times.
On December 29th, SickKids announced that it had restored 50% of its priority systems, including those causing diagnostic or treatment delays. Two days after SickKids' latest announcement, the LockBit ransomware gang apologised for the attack on the hospital and released a decrypter for free.
“We formally apologise for the attack on sikkids.ca and give back the decrypter for free, the partner who attacked this hospital violated our rules, is blocked and is no longer in our affiliate programme," stated the ransomware gang.
Threats
Ransomware, Extortion and Destructive Attacks
Rackspace: Ransomware Attack Bypassed ProxyNotShell Mitigations (darkreading.com)
Rackspace: Customer email data accessed in ransomware attack (bleepingcomputer.com)
Ransomware gang cloned victim’s website to leak stolen data (bleepingcomputer.com)
Rackspace identifies hacking group responsible for early December ransomware attack | TPR
Ransomware ecosystem becoming more diverse for 2023 | CSO Online
Rackspace Sunsets Email Service Downed in Ransomware Attack (darkreading.com)
December ransomware disclosures reveal high-profile victims | TechTarget
The Guardian ransomware attack hits week two as staff WFH • The Register
Unraveling the techniques of Mac ransomware - Microsoft Security Blog
Bitdefender releases free MegaCortex ransomware decryptor (bleepingcomputer.com)
Ransomware Research: More than 200 US Infrastructure Organisations Attacked in 2022 - MSSP Alert
Ransomware impacts over 200 govt, edu, healthcare orgs in 2022 (bleepingcomputer.com)
Guardian ransomware attack: Staff told work from home to 23 Jan (pressgazette.co.uk)
Rail giant Wabtec discloses data breach after Lockbit ransomware attack (bleepingcomputer.com)
Christmas Eve 'cyber attack' forced Arnold Clark's network down | STV News
Royal ransomware claims attack on Queensland University of Technology (bleepingcomputer.com)
LockBit: Sorry for SickKids, but not housing authority • The Register
Canadian mining firm shuts down mill after ransomware attack (bleepingcomputer.com)
Phishing & Email Based Attacks
Data of 235 million Twitter users leaked online - Security Affairs
Is NHS The Most Impersonated UK Government "Brand"? (informationsecuritybuzz.com)
The Evolving Tactics of Vidar Stealer: From Phishing Emails to Social Media (thehackernews.com)
Ongoing Flipper Zero phishing attacks target infosec community (bleepingcomputer.com)
Other Social Engineering; Smishing, Vishing, etc
Malware
Raspberry Robin Worm Evolves to Attack Financial and Insurance Sectors in Europe (thehackernews.com)
Hackers abuse Windows error reporting tool to deploy malware (bleepingcomputer.com)
New SHC-compiled Linux malware installs cryptominers, DDoS bots (bleepingcomputer.com)
Bluebottle hackers used signed Windows driver in attacks on banks (bleepingcomputer.com)
Dridex Returns, Targets MacOS Using New Entry Method (trendmicro.com)
New Linux malware uses 30 plugin exploits to backdoor WordPress sites (bleepingcomputer.com)
PyTorch discloses malicious dependency chain compromise over holidays (bleepingcomputer.com)
WordPress Sites Under Attack from Newly Found Linux Trojan (darkreading.com)
Blind Eagle Hackers Return with Refined Tools and Sophisticated Infection Chain (thehackernews.com)
Raspberry Robin Worm Hatches a Highly Complex Upgrade (darkreading.com)
The Evolving Tactics of Vidar Stealer: From Phishing Emails to Social Media (thehackernews.com)
Denial of Service/DoS/DDOS
Internet of Things – IoT
Data Breaches/Leaks
Data of over 200 million Deezer users stolen, leaks on hacking forum • Graham Cluley
Five Guys Data Breach Puts HR Data Under a Heat Lamp (darkreading.com)
Analysis Of Top 10 Countries Mostly Targeted By Data Breaches (informationsecuritybuzz.com)
I bought a $15 router at Goodwill — and found a millionaire's dirty secrets (nypost.com)
Critical flaws found in Ferrari, BMW, Porsche, and other carmakers - Security Affairs
Toyota, Mercedes, BMW API flaws exposed owners’ personal info (bleepingcomputer.com)
Threat actors stole Slack private source code repositories - Security Affairs
Data of over 200 million Deezer users stolen, leaks on hacking forum • Graham Cluley
Organised Crime & Criminal Actors
Threat Actors Evade Detection Through Geofencing & Fingerprinting (darkreading.com)
Attackers create 130K fake accounts to abuse limited-time cloud computing resources | CSO Online
Ukrainian Cops Bust Prolific Fraud Call Centre - Infosecurity Magazine (infosecurity-magazine.com)
Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain
Insider Risk and Insider Threats
Software engineer busted after being inspired by Office Space scam | PC Gamer
Are Meta and Twitter Ushering in a New Age of Insider Threats? (darkreading.com)
Ex-GE engineer sentenced for stealing turbine tech for China • The Register
Fraud, Scams & Financial Crime
Avast: Expect Cyber crime "Scamdemic" to Continue in 2023 - MSSP Alert
Software engineer busted after being inspired by Office Space scam | PC Gamer
US regulators warn banks over cryptocurrency risks - BBC News
RedZei Chinese Scammers Targeting Chinese Students in the UK (thehackernews.com)
Ukrainian Cops Bust Prolific Fraud Call Centre - Infosecurity Magazine (infosecurity-magazine.com)
Impersonation Attacks
AML/CFT/Sanctions
Insurance
Cyber safety premiums holding firms to ransom | Business | The Times
How can businesses decrease cyber insurance premiums while maintaining coverage? - Help Net Security
Dark Web
Supply Chain and Third Parties
Software Supply Chain
Cloud/SaaS
Encryption
API
Car companies massively exposed to web vulnerabilities | The Daily Swig (portswigger.net)
16 Car Makers and Their Vehicles Hacked via Telematics, APIs, Infrastructure | SecurityWeek.Com
What Are Some Ways to Make APIs More Secure? (darkreading.com)
Critical flaws found in Ferrari, BMW, Porsche, and other carmakers - Security Affairs
Open Source
New SHC-compiled Linux malware installs cryptominers, DDoS bots (bleepingcomputer.com)
New Linux malware uses 30 plugin exploits to backdoor WordPress sites (bleepingcomputer.com)
Social Media
Data of 235 million Twitter users leaked online - Security Affairs
The Evolving Tactics of Vidar Stealer: From Phishing Emails to Social Media (thehackernews.com)
Are Meta and Twitter Ushering in a New Age of Insider Threats? (darkreading.com)
Meta fined €390m over use of data for targeted ads - BBC News
More Political Storms for TikTok After US Government Ban | SecurityWeek.Com
Parental Controls and Child Safety
Regulations, Fines and Legislation
Governance, Risk and Compliance
Cyber safety premiums holding firms to ransom | Business | The Times
Attackers never let a critical vulnerability go to waste - Help Net Security
Attackers evolve strategies to outmanoeuvre security teams - Help Net Security
How to start planning for disaster recovery - Help Net Security
Building A Security-First Culture: The Key To Cyber Success (forbes.com)
Data backup is no longer just about operational fallback - Help Net Security
Threat Actors Evade Detection Through Geofencing & Fingerprinting (darkreading.com)
How can businesses decrease cyber insurance premiums while maintaining coverage? - Help Net Security
Secure Disposal
Backup and Recovery
Data Protection
Law Enforcement Action and Take Downs
Privacy, Surveillance and Mass Monitoring
National security fears over police using Chinese tech | News | The Times
Meta fined €390m over use of data for targeted ads - BBC News
Artificial Intelligence
ChatGPT: An Easy Cyber crime Target For Cyber attacks (informationsecuritybuzz.com)
OpenAI's ChatGPT previews how AI can help hackers breach more networks (axios.com)
NATO tests AI’s ability to protect critical infrastructure against cyber attacks | CSO Online
Misinformation, Disinformation and Propaganda
Spyware, Cyber Espionage & Cyber Warfare, including Russian Invasion of Ukraine
War and Geopolitical Conflict: The New Battleground for DDoS Attacks (darkreading.com)
Cyber attacks against governments jumped 95% in last half of 2022, CloudSek says | CSO Online
It's time to focus on information warfare's hard questions (cyberscoop.com)
National security fears over police using Chinese tech | News | The Times
Ex-GE engineer sentenced for stealing turbine tech for China • The Register
Pro-Russia cyber attacks aim at destabilizing Poland - Security Affairs
Poland warns of attacks by Russia-linked Ghostwriter hacking group (bleepingcomputer.com)
Nation State Actors
Nation State Actors – Russia
Nation State Actors – China
National security fears over police using Chinese tech | News | The Times
Ex-GE engineer sentenced for stealing turbine tech for China • The Register
Nation State Actors – Iran
Nation State Actors – Misc
Vulnerability Management
Adobe, Apple, Cisco, Microsoft Flaws Make Up Half of KEV Catalog (darkreading.com)
Attackers never let a critical vulnerability go to waste - Help Net Security
Vulnerabilities
Over 60,000 Exchange servers vulnerable to ProxyNotShell attacks (bleepingcomputer.com)
Adobe, Apple, Cisco, Microsoft Flaws Make Up Half of KEV Catalog (darkreading.com)
Rackspace: Ransomware Attack Bypassed ProxyNotShell Mitigations (darkreading.com)
Zoho urges admins to patch severe ManageEngine bug immediately (bleepingcomputer.com)
Android's First Security Updates for 2023 Patch 60 Vulnerabilities | SecurityWeek.Com
Fortinet and Zoho Urge Customers to Patch Enterprise Software Vulnerabilities (thehackernews.com)
Qualcomm, Lenovo flag multiple high impact firmware vulnerabilities | SC Media (scmagazine.com)
Netgear Wi-Fi routers need to be patched immediately | TechRadar
Other News
The cyber security industry will undergo significant changes in 2023 - Help Net Security
SecurityAffairs Top 10 cybersecurity posts of 2022 - Security Affairs
BleepingComputer's most popular cybersecurity stories of 2022
WordPress Security: 22 Ways To Protect Your Website (informationsecuritybuzz.com)
Cyber attacks against governments jumped 95% in last half of 2022, CloudSek says | CSO Online
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 15 July 2022
Black Arrow Cyber Threat Briefing 15 July 2022:
-10,000 Organisations Targeted by Phishing Attack That Bypasses Multi-Factor Authentication
-Businesses Are Adding More Endpoints, But Can’t Manage Them All
-Ransomware Activity Resurges in Q2
-North Korean Hackers Targeting Small and Midsize Businesses with H0lyGh0st Ransomware
-One-Third of Users Without Security Awareness Training Click on Phishing URLs
-Ransomware Scourge Drives Price Hikes in Cyber Insurance
-Conventional Cyber Security Approaches Are Falling Short
-Virtual CISOs Are the Best Defence Against Accelerating Cyber Risks
-Firms Not Planning for Supply Chain Threats
-Data Breach Lawsuit: Will IT Service Provider Capgemini Owe Damages?
-Security Culture: Fear of Cyber Warfare Driving Initiatives
-Cryptocurrency 'Mixers' See Record Transactions from Sanctioned Actors
-Online Payment Fraud Expected to Cost $343B Over Next 5 Years
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
10,000 Organisations Targeted by Phishing Attack That Bypasses Multi-Factor Authentication
Microsoft has shared details of a widespread phishing campaign that not only attempted to steal the passwords of targeted organisations, but was also capable of circumventing multi-factor authentication (MFA) defences.
The attackers used AiTM (Attacker-in-The-Middle) reverse-proxy sites to pose as Office 365 login pages which requested MFA codes, and then use them to log into the genuine site.
According to Microsoft’s detailed report on the campaign, once hackers had broken into email inboxes via the use of stolen passwords and session cookies, they would exploit their access to launch Business Email Compromise (BEC) attacks on other targets.
By creating rules on victims’ email accounts, the attackers are able to then ensure that they maintain access to incoming email even if a victim later changes their password.
The global pandemic, and the resulting increase in staff working from home, has helped fuel a rise in the adoption of multi-factor authentication.
Cyber criminals, however, haven’t thrown in the towel when faced with MFA-protected accounts. Accounts with MFA are certainly less trivial to break into than accounts which haven’t hardened their security, but that doesn’t mean that it’s impossible.
Reverse-proxy phishing kits like Modlishka, for instance, impersonate a login page, and ask unsuspecting users to enter their login credentials and MFA code. That collected data is then passed to the genuine website – granting the cyber criminal access to the site.
As more and more people recognise the benefits of MFA, we can expect a rise in the number of cyber criminals investing effort into bypassing MFA.
Microsoft’s advice is that organisations should complement MFA with additional technology and best practices.
Businesses Are Adding More Endpoints, But Can’t Manage Them All
Most enterprises struggle to maintain visibility and control of their endpoint devices, leading to increased security breaches and impaired ability to ward off outside attacks, according to a survey conducted by Ponemon Institute.
Findings show that the average enterprise now manages approximately 135,000 endpoint devices. Despite $4,252,500 of annual budget spent on endpoint protection, an average of 48 percent of devices – or 64,800 per enterprise – are at risk because they are no longer detected by the organisation’s IT department or the endpoints’ operating systems have become outdated.
Additionally, 63 percent of respondents find that the lack of visibility into their endpoints is the most significant barrier to achieving a strong security posture.
IT organisations are facing unprecedented rates of distribution point sprawl, which has grown rapidly since the onset of the COVID-19 pandemic. 61 percent of respondents say distribution points have increased in the last two years, and the average endpoint has as many as 7 agents installed for remote management, further adding to management complexity.
https://www.helpnetsecurity.com/2022/07/14/businesses-are-adding-more-endpoints/
Ransomware Activity Resurges in Q2
Ransomware activity rose by a fifth in the last quarter, according to a report from security firm Digital Shadows.
The company, which monitors almost 90 data leak sites on the dark web, observed ransomware groups name 705 victims in Q2 2022, representing a 21% increase over last quarter’s 582. This was a resurgence in activity following a 25.3% decline quarter-on-quarter during Q1.
The LockBit ransomware group overtook Conti in victim numbers as Conti ceased operations following the leak of internal chat logs. Conti had reached almost 900 victims during its operations, but LockBit is now closing in on 1,000 after a 13% growth in activity during the quarter.
LockBit also continued to innovate, releasing version 3 of its ransomware with new features, including support for payments using the Zcash cryptocurrency. It also launched a reward program for any information on high-value targets, along with a data leak site that allows anyone to purchase victim data.
At around 230, Lockbit’s quarterly victim numbers far exceeded any other group in Q2. It was accountable for almost a third of all postings to leak sites in Q2. Conti, which had limped along for several weeks after its own data leak, managed just over 50. In third place was Alphv, which grew 118% during the quarter. Basta came in fourth.
Some other smaller groups are also growing rapidly, according to the report. Vice Society, in fifth place this quarter, doubled its activity.
https://www.infosecurity-magazine.com/news/ransomware-activity-resurges-q2/
One-Third of Users Without Security Awareness Training Click on Phishing URLs
Phishing attacks just won't die, and new data underscores their effectiveness among users who have not been provided security awareness training.
According to data pulled from security awareness training provider KnowBe4's clients, 32.4% of users will fall for a phish — clicking on a link or following a phony request — if those users have not had any official training. The disconnect is worse in some industry sectors, including consulting, energy and utilities, and healthcare and pharmaceuticals, where half of all untrained users fall for phishing attacks.
The data was pulled from 23.4 million simulated phishing tests conducted at more than 30,000 organisations, encompassing some 9.5 million users. According to KnowBe4, 90 days after monthly or more training, the number of phishing test fails dropped to around 17.6%, and to 5% after one year of regular awareness training.
https://www.darkreading.com/remote-workforce/one-third-of-users-click-on-phishing
Ransomware Scourge Drives Price Hikes in Cyber Insurance
Cyber security insurance costs are rising, and insurers are likely to demand more direct access to organisational metrics and measures to make more accurate risk assessments.
The rising cost of ransomware attacks is helping push significant premium increases in cyber insurance policies in the UK and US, new data shows.
With the average payouts across the past two years averaging more than $3.5 million in the US, a growing number of cyber security insurers want direct access to customer security metrics and measures. This would help prove the status of security controls, according to a Panaseer report on the state of the cyber insurance industry.
However, insurance firms are struggling to accurately understand a customer's security posture, which is in turn affecting price increases.
Panaseer notes that 82% of insurers surveyed said they expect the rise in premiums to continue. The increasing cost of ransomware is putting premiums up, and the increase in the number of attacks, as well as the number of successful attacks, means insurance is getting harder to get and is getting more expensive.
Meanwhile, 87% of insurers surveyed say they want a more consistent approach to analysing cyber-risk. Fundamentally, insurers need better information in order to price the risk — questionnaires aren't going to cut it. Having real live data coming from a customer about their security posture is what's going to be required for them to accurately price risk, in the same way that telematics did for car insurance.
Conventional Cyber Security Approaches Are Falling Short
Traditional security approaches that rely on reactive, detect-and-respond measures and tedious manual processes can’t keep pace with the volume, variety, and velocity of current threats, according to Skybox Security. As a result, 27% of all executives and 40% of CSOs say their organisations are not well prepared for today’s rapidly shifting threat landscape.
On average, organisations experienced 15% more cyber security incidents in 2021 than in 2020. In addition, “material breaches”— defined as “those generating a large loss, compromising many records, or having a significant impact on business operations” — jumped 24.5%.
The top four causes of the most significant breaches reported by the affected organisations were:
Human error
Misconfigurations
Poor maintenance/lack of cyber hygiene
Unknown assets.
https://www.helpnetsecurity.com/2022/07/14/conventional-cybersecurity-approaches/
Virtual CISOs Are the Best Defence Against Accelerating Cyber-Risks
The cyber security challenges that companies are facing today are vast, multidimensional, and rapidly changing. Exacerbating the issue is the relentless evolution of threat actors and their ability to outmanoeuvre security controls effortlessly.
As technology races forward, companies without a full-time CISO (Chief Information Security Officer) are struggling to keep pace. For many, finding, attracting, retaining, and affording the level of skills and experience needed is out of reach or simply unrealistic. Enter the virtual CISO (vCISO). These on-demand experts provide security insights to companies on an ongoing basis and help ensure that security teams have the resources they need to be successful.
Typically, an engagement with a vCISO is long lasting, but in a fractional delivery model. This is very different from a project-oriented approach that requires a massive investment and results in a stack of deliverables for the internal team to implement and maintain. A vCISO not only helps to form the approach, define the action plan, and set the road map but, importantly, stays engaged throughout the implementation and well into the ongoing management phases.
The best vCISO engagements are long-term contracts. Typically, there's an upfront effort where the vCISO is more engaged in the first few months to establish an understanding, develop a road map, and create a rhythm with the team. Then, their support drops into a regular pace which can range from two to three days per week or five to ten days per month.
Firms Not Planning for Supply Chain Threats
Enterprises are failing to plan properly for supply chain risks and cyber security threats from the wider digital ecosystem, a leading technology consultancy has warned.
According to Tata Consultancy Services (TCS), firms put the risks posed by ecosystem partners at the bottom of a list of 10 key threats. CISOs and chief risk officers believed that financial systems, customer databases and R&D were the systems most likely to be targeted. Supply chain and distribution was placed in ninth.
The report, based on a survey of larger firms with annual revenues of $1bn or more, found that only 16% of chief risk officers believed the digital ecosystem was a concern when it comes to cyber risks, and only 14% said those ecosystems were a priority for board level discussions.
The research also found that a small number of enterprises fail to focus on cyber risk, with one in six boards discussing it only “occasionally, as necessary or never.” TCS found, though, that organisations with above-average profit and revenue growth were more likely to put cyber security on the agenda at board meetings.
TCS also found that enterprises view the cloud as a more secure environment than conventional data centres and on-premises systems. Additionally, the research highlighted ongoing concerns about skills and the need to attract and retain talented security staff. Firms where senior leaders focus on cyber security are more likely to be able to close the skills gap, according to the study.
https://www.infosecurity-magazine.com/news/planning-supply-chain-threats/
Data Breach Lawsuit: Will IT Service Provider Capgemini Owe Damages?
IT service provider and consulting firm Capgemini is facing a lawsuit related to a June 2020 data breach. The plaintiff — gaming company Razer — is seeking $7 million in damages. A trial in Singapore’s High Court regarding the dispute is underway, according to Vulcan Post.
Razer claims it has suffered approximately $6.85 million in profit losses from its online website due to the data breach. Razer is pursuing damages for an unquantified sum for profit losses from the rejection of its digital bank license application.
The Razer data breach occurred due to an issue with an IT system. It may have exposed the personal information of about 100,000 Razer customers.
The Razer data breach may have occurred due to a misconfigured Elasticsearch cluster. It also was exposed to the public and indexed by public search engines and took more than three weeks to fix.
Experts from Razer and Capgemini agreed that the data breach was caused by a security misconfiguration. However, Razer now claims that a Capgemini employee recommended the IT system that led to the breach and is therefore responsible for the incident.
Security Culture: Fear of Cyber Warfare Driving Initiatives
KnowBe4, the provider of security awareness training and simulated phishing platform, has conducted a survey during Infosecurity Europe, which evaluated the opinions of nearly 200 security professionals towards security culture, or more specifically: the ideas, customs and social behaviours of an organisation that influence their security practices.
The research found the threat of cyber warfare (30%) or experiencing a data breach or cyber attack (30%) were the two biggest reasons why security professionals wanted to improve security culture at their organisations. Given the current invasion of Ukraine by Russia and the resulting cyber security warnings announced by many of the world’s leading governments, improving current cyber security efforts has continued to be a top priority for many.
The study also revealed just over two thirds (67%) answered that a strong security culture would very likely reduce the risk of security incidents, with the majority (85%) directing their efforts into both improving security awareness training and communicating values expected from employees regarding security.
However, there are many obstacles when attempting to create a strong security culture, with the main issue being a lack of budget (26%) which was followed security professionals facing indifference from fellow employees (24%) and a lack of senior management support (16%).
Interestingly, just under three quarters (73%) admitted to putting an increased effort into measuring employees understanding of security – this still leaves a considerable gap of 27% that do not, something many security professionals will want to consider closing. Thankfully, 38% agree this aspect of security culture would be an area they want to improve in their organisation. When witnessing a colleague display poor security practises, 67% of UK security experts would prefer to tell the individual discreetly, while just under a third (31%) would send the member of staff training material to review. Only 18% would report the individual to the security team.
Cryptocurrency 'Mixers' See Record Transactions from Sanctioned Actors
Use of so-called cryptocurrency “mixers,” which combine various types of assets to mask their origin, peaked at a 30-day average of nearly $52 million worth of digital currency in April, representing an unprecedented volume of funds moving through those services, researchers at cryptocurrency research firm Chainalysis found.
A near two-fold increase in funds sent from illicit addresses has accelerated the increase, indicating that the technology that can obfuscate the currency continues to be highly attractive to cyber criminals.
Cryptocurrency mixers work by taking an individual’s cryptocurrency and combining it with a larger pool before returning units equivalent to the original amount minus a service fee to the original account. As a result, it makes it harder for law enforcement and cryptocurrency analysts to trace the currency.
Mixers aren’t solely used by criminals, but they are extremely popular with them. 10% of all funds from illicit wallets are sent to mixers, while mixers received less than 0.5% of the share of other sources of funds tracked by the firm, including decentralised finance projects.
The bulk of illicit funds transferred to mixers came from sanctioned actors, primarily Russian dark net market Hydra and more recently the Lazarus Group, a group of North Korean state-backed hackers. International law enforcement took out Hydra, which had been responsible for 80% of dark web transactions involving cryptocurrency, in May. The US Treasury’s Office of Foreign Assets Control followed with sanctions on more than 100 of its cryptocurrency addresses.
The use of mixers by North Korea state-backed hackers, and a popular mixer they employed to launder funds, made up the rest of the transfers.
https://www.cyberscoop.com/cryptocurrency-mixers-see-record-transactions-from-sanctioned-actors/
Online Payment Fraud Expected to Cost $343B Over Next 5 Years
Despite ratcheted-up efforts to prevent account takeover, fraudsters are cashing in on a range of online payment fraud schemes, which researchers predict will cost retail organisations more than $343 billion over the next five years.
Physical good purchases are loss leaders, making up 49% of online payment fraud, driven in large part by developing markets with little address verification, according to a new Juniper Research report.
Fundamentally, no two online transactions are the same, so the way transactions are secured cannot follow a one-size-fits-all solution. Payment fraud detection and prevention vendors must build a multitude of verification capabilities, and intelligently orchestrate different solutions depending on circumstances, in order to correctly protect both merchants and users.
Threats
Ransomware
Paying ransomware crooks won’t reduce your legal risk, warns regulator – Naked Security (sophos.com)
New Lilith ransomware emerges with extortion site, lists first victim (bleepingcomputer.com)
Experts warn of the new 0mega ransomware operation - Security Affairs
Organisations Warned of New Lilith, RedAlert, 0mega Ransomware | SecurityWeek.Com
Microsoft links H0ly Gh0st ransomware operation to North Korean hackers (bleepingcomputer.com)
Feds Issue Warning for North Korean-backed Ransomware Hijackers - MSSP Alert
Ransomware gang now lets you search their stolen data (bleepingcomputer.com)
Rise in ransomware drives IT leaders to implement data encryption - Help Net Security
Bandai Namco confirms hack after ALPHV ransomware data leak threat (bleepingcomputer.com)
1.9m patients' medical data exposed in PFC ransomware attack • The Register
Phishing & Email Based Attacks
Email scams are getting more personal – they even fool cyber security experts (theconversation.com)
Hackers impersonate cyber security firms in callback phishing attacks (bleepingcomputer.com)
$8 million stolen in large-scale Uniswap airdrop phishing attack (bleepingcomputer.com)
Almost a third of untrained users will click a phishing link - KnowBe4 research - IT Security Guru
PayPal phishing kit added to hacked WordPress sites for full ID theft (bleepingcomputer.com)
Other Social Engineering
Rise In Smishing Scams, Why And How To Protect? (informationsecuritybuzz.com)
How Hackers Create Fake Personas for Social Engineering (darkreading.com)
How attackers abuse Quickbooks to send phone scam emails - Help Net Security
Malware
Mobile
New Android malware on Google Play installed 3 million times (bleepingcomputer.com)
The weaponizing of smartphone location data on the battlefield - Help Net Security
Internet of Things – IoT
Honda Admits Hackers Could Unlock Car Doors, Start Engines | SecurityWeek.Com
Watch This $80,000 Tesla Model Y Get Hacked With $20 Hardware - autoevolution
Data Breaches/Leaks
Organised Crime & Criminal Actors
Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain
Crypto Scams Soar Despite Crash (informationsecuritybuzz.com)
Cryptocurrency flowing into “mixers” hits an all-time high. Wanna guess why? | Ars Technica
Hackers stole $620 million from Axie Infinity via fake job interviews (bleepingcomputer.com)
Insider Risk and Insider Threats
Fraud, Scams & Financial Crime
Insurance
Supply Chain and Third Parties
Denial of Service DoS/DDoS
Identity and Access Management
Encryption
Social Media
Training, Education and Awareness
Privacy
New Cache Side Channel Attack Can De-Anonymize Targeted Online Users (thehackernews.com)
Amazon handed Ring video to police without warrant, consent • The Register
TikTok Chief Security Officer Steps Down Amid Concerns About Privacy (businessinsider.com)
Regulations, Fines and Legislation
Spyware, Cyber Espionage & Cyber Warfare, including Russian Invasion of Ukraine
Cyber espionage groups increasingly target journalists and media organisations | CSO Online
Sandworm APT Trolls Researchers on Its Trail as It Targets Ukraine (darkreading.com)
Lithuanian Energy Firm Disrupted by DDOS Attack - Infosecurity Magazine (infosecurity-magazine.com)
Security vendor splits to address Russia’s war in Ukraine • The Register
Apple previews Lockdown Mode, a new extreme security feature | ZDNet
Nation State Actors
Nation State Actors – North Korea
Nation State Actors – Misc APT
Vulnerabilities
DHS warns: Expect Log4j risks for 'a decade or longer' • The Register
Microsoft's Patch Tuesday fixes one bug under active exploit • The Register
Multiple Vulnerabilities in Adobe Products Could Allow for Arbitrary Code Execution (cisecurity.org)
CISA orders agencies to patch new Windows zero-day used in attacks (bleepingcomputer.com)
Flaw in Netwrix Auditor application allows arbitrary code execution - Security Affairs
Elastix VoIP systems hacked in massive campaign to install PHP web shells (bleepingcomputer.com)
Hackers Targeting VoIP Servers by Exploiting Digium Phone Software (thehackernews.com)
Anvil Mobile Hit By New Exploit - DNS Hijacking. (informationsecuritybuzz.com)
Microsoft Issues Fixes for 84 Vulnerabilities: Here's What to Patch Now (darkreading.com)
Buggy WordPress plugin allows complete site takeover • The Register
VMware patches vCenter Server flaw disclosed in November (bleepingcomputer.com)
AMD, Intel chips vulnerable to 'Retbleed' Spectre variant • The Register
Microsoft fixes dozens of Azure Site Recovery privilege escalation bugs (bleepingcomputer.com)
Microsoft releases PoC exploit for macOS sandbox escape vulnerability (bleepingcomputer.com)
AWS squashes authentication bugs in Kubernetes service • 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
Other News
5 key considerations for your 2023 cyber security budget planning | CSO Online
What Are the Risks of Employees Going on a 'Hybrid Holiday'? (darkreading.com)
New ‘Luna Moth’ hackers breach orgs via fake subscription renewals (bleepingcomputer.com)
Experian accounts could still be at risk from hackers | TechRadar
Mergers and acquisitions are a strong zero-trust use case • The Register
Recruitment agency Morgan Hunt confirms 'cyber incident' • The Register
New Exploit Attacks UK Routers and Runs Up Mobile Data Bills - ISPreview UK
How Attackers Could Dupe Developers into Downloading Malicious Code From GitHub (darkreading.com)
Data breaches explained: Types, examples, and impact | CSO Online
President of European Central Bank Christine Lagarde targeted by hackers - Security Affairs
As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.
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Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.
Black Arrow Cyber Threat Briefing 25 March 2022
Black Arrow Cyber Threat Briefing 25 March 2022:
-Morgan Stanley Client Accounts Breached in Social Engineering Attacks
-Ransomware Is Scary, But Another Scam Is Costing Victims Much, Much More
-Phishing Kits Constantly Evolve to Evade Security Software
-Ransomware Payments, Demands Rose Dramatically in 2021
-7 Suspected Members of LAPSUS$ Hacker Gang, Aged 16 to 21, Arrested in UK
-Here's How Fast Ransomware Encrypts Files
-HEAT Attacks: A New Class of Cyber Threats Organisations Are Not Prepared For
-The Cyber Warfare Predicted In Ukraine May Be Yet To Come
-The Three Russian Cyber Attacks The West Most Fears
-Do These 8 Things Now To Boost Your Security Ahead Of Potential Russian Cyber Attacks
-Cyber Crime Victims Suffered Losses of Over $6.9B in 2021 in the US Alone
-Expanding Threat Landscape: Cyber Criminals Attacking from All Sides
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
Morgan Stanley Client Accounts Breached in Social Engineering Attacks
Morgan Stanley Wealth Management says some of its customers had their accounts compromised in social engineering attacks.
The account breaches were the result of vishing (aka voice phishing), a social engineering attack where scammers impersonate a trusted entity (in this case Morgan Stanley) during a voice call to convince their targets into revealing sensitive information such as banking or login credentials.
The company said in a notice sent to affected clients that, "on or around February 11, 2022," a threat actor impersonating Morgan Stanley gained access to their accounts after tricking them into providing their Morgan Stanley Online account info.
After successfully breaching their accounts, the attacker also electronically transferred money to their own bank account by initiating payments using the Zelle payment service.
Ransomware Is Scary, But Another Scam Is Costing Victims Much, Much More
Business email compromise (BEC) remains the biggest source of financial losses, which totalled $2.4 billion in 2021, up from an estimated $1.8 billion in 2020, according to the Federal Bureau of Investigation's (FBI) Internet Crime Center (IC3).
The FBI says in its 2021 annual report that Americans last year lost $6.9 billion to scammers and cyber criminals through ransomware, BEC, and cryptocurrency theft related to financial and romance scams. In 2020, that figure stood at $4.2 billion.
Last year, FBI's Internet Crime Complaint Center (IC3) received 847,376 complaints about cybercrime losses, up 7% from 791,790 complaints in 2020.
BEC has been the largest source of fraud for several years despite ransomware attacks grabbing most headlines.
Phishing Kits Constantly Evolve to Evade Security Software
Modern phishing kits sold on cybercrime forums as off-the-shelf packages feature multiple, sophisticated detection avoidance and traffic filtering systems to ensure that internet security solutions won’t mark them as a threat.
Fake websites that mimic well-known brands are abundant on the internet to lure victims and steal their payment details or account credentials.
Most of these websites are built using phishing kits that feature brand logos, realistic login pages, and in cases of advanced offerings, dynamic webpages assembled from a set of basic elements.
Ransomware Payment Demands Rose Dramatically in 2021
Ransomware attackers demanded dramatically higher ransom fees last year, and the average ransom payment rose by 78% to $541,010, according to data from incident response (IR) cases investigated by Palo Alto Networks Unit 42.
IR cases by Unit 42 also saw a whopping 144% increase in ransom demands, to $2.2 million. According to the report, the most victimised sectors were professional and legal services, construction, wholesale and retail, healthcare, and manufacturing.
Cyber extortion spiked, with 85% of ransomware victims — some 2, 556 organisations — having their data dumped and exposed on leak sites, according to the "2022 Unit 42 Ransomware Threat Report."
Conti led the ransomware attack volume, representing some one in five cases Unit 42 investigated, followed by REvil, Hello Kitty, and Phobos.
https://www.darkreading.com/attacks-breaches/ransomware-payments-demands-rose-dramatically-in-2021
7 Suspected Members of LAPSUS$ Hacker Gang, aged 16 to 21, Arrested in UK
The City of London Police has arrested seven teenagers between the ages of 16 and 21 for their alleged connections to the prolific LAPSUS$ extortion gang that's linked to a recent burst of attacks targeting NVIDIA, Samsung, Ubisoft, LG, Microsoft, and Okta.
"The City of London Police has been conducting an investigation with its partners into members of a hacking group," Detective Inspector, Michael O'Sullivan, said in a statement shared with The Hacker News. "Seven people between the ages of 16 and 21 have been arrested in connection with this investigation and have all been released under investigation. Our enquiries remain ongoing."
The development, which was first disclosed by BBC News, comes after a report from Bloomberg revealed that a 16-year-old Oxford-based teenager is the mastermind of the group. It's not immediately clear if the minor is one among the arrested individuals. The said teen, under the online alias White or Breachbase, is alleged to have accumulated about $14 million in Bitcoin from hacking.
https://thehackernews.com/2022/03/7-suspected-members-of-lapsus-hacker.html
Here's How Fast Ransomware Encrypts Files
Forty-two minutes and 54 seconds: that's how quickly the median ransomware variant can encrypt and lock out a victim from 100,000 of their files.
The data point came from Splunk's SURGe team, which analysed in its lab how quickly the 10 biggest ransomware strains — Lockbit, REvil, Blackmatter, Conti, Ryuk, Avaddon, Babuk, Darkside, Maize, and Mespinoza — could encrypt 100,000 files consisting of some 53.93 gigabytes of data. Lockbit won the race, with speeds of 86% faster than the median. One Lockbit sample was clocked at encrypting 25,000 files per minute.
Splunk's team found that ransomware variants are all over the map speed-wise, and the underlying hardware can dictate their encryption speeds.
https://www.darkreading.com/application-security/here-s-how-fast-ransomware-encrypts-files
HEAT Attacks: A New Class of Cyber Threats Organisations Are Not Prepared For
Web malware (47%) and ransomware (42%) now top the list of security threats that organisations are most concerned about. Yet despite the growing risks, just 27% have advanced threat protection in place on every endpoint device that can access corporate applications and resources.
This is according to research published by Menlo Security, exploring what steps organisations are taking to secure themselves in the wake of a new class of cyber threats – known as Highly Evasive Adaptive Threats (HEAT).
As employees spend more time working in the browser and accessing cloud-based applications, the risk of HEAT attacks increases. Almost two-thirds of organisations have had a device compromised by a browser-based attack in the last 12 months. The report suggests that organisations are not being proactive enough in mitigating the risk of these threats, with 45% failing to add strength to their network security stack over the past year. There are also conflicting views on the most effective place to deploy security to prevent advanced threats, with 43% citing the network, and 37% the cloud.
https://www.helpnetsecurity.com/2022/03/22/web-security-threats/
The Cyber Warfare Predicted in Ukraine May Be Yet to Come
In the build-up to Russia’s invasion of Ukraine, the national security community braced for a campaign combining military combat, disinformation, electronic warfare and cyber attacks. Vladimir Putin would deploy devastating cyber operations, the thinking went, to disable government and critical infrastructure, blind Ukrainian surveillance capabilities and limit lines of communications to help invading forces. But that’s not how it has played out. At least, not yet.
The danger is that as political and economic conditions deteriorate, the red lines and escalation judgments that kept Moscow’s most potent cyber capabilities in check may adjust. Western sanctions and lethal aid support to Ukraine may prompt Russian hackers to lash out against the west. Russian ransomware actors may also take advantage of the situation, possibly resorting to cyber crime as one of the few means of revenue generation.
https://www.ft.com/content/2938a3cd-1825-4013-8219-4ee6342e20ca
The Three Russian Cyber Attacks the West Most Fears
The UK's cyber authorities are supporting the White House's calls for "increased cyber-security precautions", though neither has given any evidence that Russia is planning a cyber-attack.
Russia has previously stated that such accusations are "Russophobic".
However, Russia is a cyber-superpower with a serious arsenal of cyber-tools, and hackers capable of disruptive and potentially destructive cyber-attacks.
Ukraine has remained relatively untroubled by Russian cyber-offensives but experts now fear that Russia may go on a cyber-offensive against Ukraine's allies.
"Biden's warnings seem plausible, particularly as the West introduced more sanctions, hacktivists continue to join the fray, and the kinetic aspects of the invasion seemingly don't go to plan," says Jen Ellis, from cyber-security firm Rapid7.
This article from the BCC outlines the hacks that experts most fear, and they are repeats of things we have already seen coming out of Russia, only potentially a lot more destructive this time around.
https://www.bbc.co.uk/news/technology-60841924
Do These 8 Things Now to Boost Your Security Ahead of Potential Russian Cyber Attacks
The message comes as the US Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) ramp up warnings about Russian hacking of everything from online accounts to satellite broadband networks. CISA's current campaign is called Shields Up, which urges all organisations to patch immediately and secure network boundaries. This messaging is being echoed by UK and other Western Cyber authorities:
The use of Multi-Factor Authentication (MFA) is being very strongly advocated. The White House and other agencies both sides of the Atlantic also urged companies to take seven other steps:
Deploy modern security tools on your computers and devices to continuously look for and mitigate threats
Make sure that your systems are patched and protected against all known vulnerabilities, and change passwords across your networks so that previously stolen credentials are useless to malicious actors
Back up your data and ensure you have offline backups beyond the reach of malicious actors
Run exercises and drill your emergency plans so that you are prepared to respond quickly to minimize the impact of any attack
Encrypt your data so it cannot be used if it is stolen
Educate your employees to common tactics that attackers will use over email or through websites
Work with specialists to establish relationships in advance of any cyber incidents.
Cyber Crime Victims Suffered Losses of Over $6.9B in 2021 in the US Alone
The FBI's Internet Crime Complaint Center (IC3) reported a record-breaking year for 2021 in the number of complaints it received, among which business email compromise (BEC) attacks made up the majority of incidents.
IC3 handled 847,376 complaint reports last year — an increase of 7% over 2020 — which mainly revolved around phishing attacks, nonpayment/nondelivery scams, and personal data breaches. Overall, losses amounted to more than $6.9 billion.
BEC and email account compromises ranked as the No. 1 attack, accounting for 19,954 complaints and losses of around $2.4 billion.
"In 2021, heightened attention was brought to the urgent need for more cyber incident reporting to the federal government. Cyber incidents are in fact crimes deserving of an investigation, leading to judicial repercussions for the perpetrators who commit them," Paul Abbate, deputy director of the FBI wrote in the IC3's newly published annual report.
Expanding Threat Landscape: Cyber Criminals Attacking from All Sides
Research from Trend Micro warns of spiralling risk to digital infrastructure and remote workers as threat actors increase their rate of attack on organisations and individuals.
“Attackers are always working to increase their victim count and profit, whether through quantity or effectiveness of attacks,” said Jon Clay, VP of threat intelligence at Trend Micro.
“Our latest research shows that while Trend Micro threat detections rose 42% year-on-year in 2021 to over 94 billion, they shrank in some areas as attacks became more precisely targeted.”
Ransomware attackers are shifting their focus to critical businesses and industries more likely to pay, and double extortion tactics ensure that they are able to profit. Ransomware-as-a-service offerings have opened the market to attackers with limited technical knowledge – but also given rise to more specialisation, such as initial access brokers who are now an essential part of the cybercrime supply chain.
Threat actors are also getting better at exploiting human error to compromise cloud infrastructure and remote workers. Trend Micro detected and prevented 25.7 million email threats in 2021 compared to 16.7 million in 2020, with the volume of blocked phishing attempts nearly doubling over the period. Research shows home workers are often prone to take more risks than those in the office, which makes phishing a particular risk.
https://www.helpnetsecurity.com/2022/03/22/threat-actors-increase-attack/
Threats
Ransomware
Ransomware Infections Follow Precursor Malware – Lumu • The Register
Ransomware, Malware-as-a-Service Dominate Threat Landscape | SecurityWeek.Com
AvosLocker Ransomware - What You Need To Know | The State of Security (tripwire.com)
What the Conti Ransomware Group Data Leak Tells Us (darkreading.com)
Ransomware Demands And Payments Increase With Use Of Leak Sites (computerweekly.com)
Ten Notorious Ransomware Strains Put to The Encryption Speed Test (bleepingcomputer.com)
Lockbit Wins Ransomware Speed Test, Encrypts 25k Files/Min • The Register
Talos warns of BlackMatter-linked BlackCat Ransomware • The Register
Report: 89% of Organizations Say Kubernetes Ransomware Is A Problem Today | VentureBeat
Top Russian Meat Producer Hit with Windows BitLocker Encryption Attack (bleepingcomputer.com)
Greece's Public Postal Service Offline Due To Ransomware Attack (bleepingcomputer.com)
Lawsuit Claims Kronos Breach Exposed Data For 'Millions' (techtarget.com)
Estonian Man Sentenced To Prison For Role In Cyber Intrusions, Ransomware Attacks - CyberScoop
Phishing & Email
New Phishing Toolkit Lets Anyone Create Fake Chrome Browser Windows (bleepingcomputer.com)
Browser-in-the-Browser Attack Makes Phishing Nearly Invisible | Threatpost
'Unique Attack Chain' Drops Backdoor in New Phishing Campaign (darkreading.com)
Other Social Engineering
Malware
Malicious Microsoft Excel Add-Ins Used to Deliver RAT Malware (bleepingcomputer.com)
BitRAT Malware Now Spreading As A Windows 10 License Activator (bleepingcomputer.com)
Mobile
URL Rendering Trick Enabled WhatsApp, Signal, iMessage Phishing (bleepingcomputer.com)
Downloaders Currently the Most Prevalent Android Malware (darkreading.com)
Experts Uncover Campaign Stealing Cryptocurrency from Android and iPhone Users (thehackernews.com)
Android Password-Stealing Malware Infects 100,000 Google Play Users (bleepingcomputer.com)
IoT
Botnet of Thousands of MikroTik Routers Abused in Glupteba, TrickBot Campaigns (thehackernews.com)
Honda Civics Vulnerable To Remote Unlock, Start Hack • The Register
Data Breaches/Leaks
UK MoD's Capita-Run Recruitment Portal Support Offline • The Register
Background Check Company Sued Over Data Breach - Infosecurity Magazine (infosecurity-magazine.com)
Organised Crime & Criminal Actors
Who is LAPSUS$, the Gang Hacking Microsoft, Samsung, and Okta? (gizmodo.com)
Hackers Are Targeting European Refugee Charities -Ukrainian Official | Reuters
Hackers Steal From Hackers By Pushing Fake Malware On Forums (bleepingcomputer.com)
Cryptocurrency/Cryptomining/Cryptojacking
An Investigation of Cryptocurrency Scams and Schemes (trendmicro.com)
Global Regulators Monitor Crypto Use in Ukraine War | Reuters
Cryptocurrency Companies Impacted by HubSpot Breach (techtarget.com)
Insider Risk and Insider Threats
6 Types Of Insider Threats And How To Prevent Them (techtarget.com)
HP Staffer Blew $5m On Personal Expenses With Company Card • The Register
Fraud, Scams & Financial Crime
Internet Crime in 2021: Investment Fraud Losses Soar - Help Net Security
NFT Fraud in the UK Soars 400% in 2021 - Infosecurity Magazine (infosecurity-magazine.com)
DeFiance Capital Founder Loses $1.7M in NFTs To Phishing Scam - Decrypt
Insurance
Dark Web
Supply Chain
Cloud
Passwords & Credential Stuffing
Spyware, Espionage & Cyber Warfare
Nation State Actors
Nation State Actors – Russia
Internet Sanctions Against Russia Pose Risks, Challenges For Businesses | CSO Online
Is It Safe To Use Russian-Based Kaspersky Antivirus? No, And Here's Why (komando.com)
Anonymous Leaked 28gb of Data Stolen from The Central Bank of Russia - Security Affairs
President Biden Says Russia Exploring Revenge Cyber Attacks • The Register
Analysis: Putin's next escalation could be a direct cyberattack on the West - CNNPolitics
Russia-backed Hackers Bypassed MFA, Exploited Print Vulnerability - MSSP Alert
Hackers Around The World Deluge Russia's Internet With Simple, Effective Cyber Attacks (nbcnews.com)
Anonymous Targets Western Companies Still Active in Russia - Security Affairs
Ukrainian Enterprises Hit with the DoubleZero Wiper - Security Affairs
NATO, G-7 Leaders Promise Bulwark Against Retaliatory Russian Cyber Attacks (cyberscoop.com)
Russia Hacked Ukrainian Satellite Communications, Officials Believe - BBC News
Russia-linked InvisiMole APT Targets State Organizations Of Ukraine - Security Affairs
Corrupted Open-Source Software Enters the Russian Battlefield | ZDNet
Nestlé Says 'Anonymous' Data Leak Actually A Self-Own • The Register
Nation State Actors – China
Another Chinese Hacking Group Spotted Targeting Ukraine Amid Russia Invasion (thehackernews.com)
Chinese APT Combines Fresh Hodur RAT with Complex Anti-Detection | Threatpost
Mustang Panda Hacking Group Takes Advantage Of Ukraine Crisis In New Attacks | ZDNet
Nation State Actors – North Korea
Vulnerabilities
CISA Adds 66 Vulnerabilities To List Of Bugs Exploited In Attacks (bleepingcomputer.com)
Three Critical RCE Flaws Affect Hundreds of HP Printer Models - Security Affairs
Critical Sophos Firewall vulnerability allows remote code execution (bleepingcomputer.com)
VMware Fixes Carbon Black Command Injection, Upload Bugs • The Register
Western Digital Fixes Critical Bug Giving Root On My Cloud NAS Devices (bleepingcomputer.com)
Sector Specific
Health/Medical/Pharma Sector
Scottish Mental Health Charity SAMH Targeted In Cyber Attack - BBC News
Over 1 Million Impacted in Data Breach at Texas Dental Services Provider | SecurityWeek.Com
Retail/eCommerce
Transport and Aviation
Energy & Utilities
Education and Academia
Reports Published in the Last Week
Other News
A Better Grasp of Cyber Attack Tactics Can Stop Criminals Faster (bleepingcomputer.com)
The Chaos (and Cost) of the Lapsus$ Hacking Carnage | SecurityWeek.Com
Soldiers told to use Signal instead of WhatsApp for security | The Times
Cyber Security Compliance: Start With Proven Best Practices - Help Net Security
Only 27% of Orgs Have Advanced Threat Protection on Endpoints | VentureBeat
Okta Breach Leads To Questions On Disclosure, Reliance On Third-Party Vendors - CyberScoop
The Challenges Audit Leaders Need To Look Out For This Year - Help Net Security
South Korean DarkHotel Hackers Targeted Luxury Hotels in Macau (thehackernews.com)
ISACA: Two-Thirds of Cybersecurity Teams Are Understaffed - Infosecurity Magazine
Security Teams are Responsible for Over 165k Assets - Infosecurity Magazine
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Cyber Weekly Flash Briefing 12 June 2020: Honda Hit by Ransomware, Crooks hijack "Black Lives Matter" to spread malware, flaw exposes millions of devices, 60% of firms expect attacks by email
Cyber Weekly Flash Briefing 12 June 2020: Honda Hit by Ransomware, Crooks hijack "Black Lives Matter" to spread malware, flaw exposes millions of devices, 60% of firms expect attacks by email
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.
If you’re pressed for time watch the 60 second quick fire video summary of the top Cyber and InfoSec stories from the last week:
Honda Hit by Ransomware: Attack Follows Major 2019 Data Breach
Honda has confirmed a cyber attack on its networks that is widely believed to have involved deployment of the “Snake” ransomware.
The £22 billion by market capitalisation automotive giant has admitted that production, sales and development activities are all hit.
Chatter on social networks suggests production globally has been stopped.
The attack comes after Honda last year left an Elasticsearch database exposed to the public, with upwards of 40GB of data relating to the firm’s internal systems and devices spotted by security researchers.
Read more here: https://www.cbronline.com/news/honda-hacked-data-breach
Crooks hijack “Black Lives Matter” to spread zombie malware
Community-focused cyber security website abuse.ch has warned of a malware spreading campaign that is using “Black Lives Matter” to draw victims in.
Sneakily, the crooks have broadened the reach of their attack by keeping their emails short and objective – the crooks very deliberately haven’t taken a social or political position, but have instead invited recipients to comment anonymously on the issue.
Samples seen have their subject, body text, attachment description and filename chosen randomly each time from a list of similar text strings.
Read more here: https://nakedsecurity.sophos.com/2020/06/11/crooks-hijack-black-lives-matter-to-spread-zombie-malware/
Hackers for hire ‘targeted hundreds of institutions’
A hackers-for-hire group dubbed “Dark Basin” has targeted thousands of individuals and hundreds of institutions around the world, including advocacy groups, journalists, elected officials, lawyers, hedge funds and companies, according to the internet watchdog Citizen Lab.
Researchers discovered almost 28,000 web pages created by hackers for personalised “spear phishing” attacks designed to steal passwords, according to a report published on Tuesday by Citizen Lab, part of the University of Toronto’s Munk School.
Read more: https://www.ft.com/content/315aceba-935a-4e70-83c4-1d1fd7cf939b
Is a ‘Cyber Pandemic’ Coming?
For more than a decade, security leaders predicted that a “Cyber Pearl Harbour” or “Cyber 9/11” was coming that would dramatically change society as we know it.
However, over the past few years, these bold predictions that the Internet sky is falling have largely dropped off the map — until this past week under a new name.
The main reason that most cyber prognosticators dropped these scary predictions seemed to be an overdose of Fear, Uncertainty and Doubt (FUD) was bad for business and seemed to be getting old. Like constantly predicting the stock market will crash, people were getting tired of these messages. Rather, most experts started to shift to more of a pragmatic approach to future cybersecurity predictions, with ample research backing up claims.
But this trend quietly changed this past week, under a new name inspired by COVID-19.
While the majority of people were focused this past week on peaceful protests against police brutality and the death of George Floyd, or rioting in some cities, or the surprisingly positive jobs numbers and stock market performance, several well-respected leaders and groups are now predicting that a “cyber pandemic” is coming soon.
Read more here: https://www.govtech.com/blogs/lohrmann-on-cybersecurity/is-a-cyber-pandemic-coming.html
UPnP flaw exposes millions of network devices to attacks over the Internet
Millions of routers, printers, and other devices can be remotely commandeered by a new attack that exploits a security flaw in the Universal Plug and Play network protocol, a researcher said.
CallStranger, as the exploit has been named, is most useful for forcing large numbers of devices to participate in distributed denial of service—or DDoS—attacks that overwhelm third-party targets with junk traffic. CallStranger can also be used to exfiltrate data inside networks even when they’re protected by data loss prevention tools that are designed to prevent such attacks. The exploit also allows attackers to scan internal ports that would otherwise be invisible because they’re not exposed to the Internet.
Billions of routers and other so-called Internet-of-things devices are susceptible to to the attack, however, a vulnerable device must have UPnP, as the protocol is known, exposed on the Internet.
The 12-year-old UPnP protocol simplifies the task of connecting devices by allowing them to automatically find each other over a network.
Read more here: https://arstechnica.com/information-technology/2020/06/upnp-flaw-exposes-millions-of-network-devices-to-attacks-over-the-internet/
Unsecured databases bombarded by cyberattacks
Security researchers often report finding unsecured databases online, waiting to be discovered and exploited. Sometimes, these databases remain unprotected for only a few hours, and on other occasions could sit open for weeks.
New research from Comparitech show that hackers are able to identify and exploit these unprotected databases much faster than businesses might think.
The firm set up a fake user database, which it intentionally exposed via an Elasticsearch instance. Only eight hours later, the database received its first unauthorised request (Comparitech broadly refers to these requests as “attacks”).
Five days later, the database was indexed on Shodan.io (an IoT search engine) and incurred two new attacks within a minute of the event, and 22 in total that day.
Over the course of the 12-day experiment, the database was attacked 175 times.
Read more here: https://www.itproportal.com/news/unsecured-databases-bombarded-by-cyberattacks/
60 percent of organizations expect to suffer attacks by email
Email is still a favourite attack route for cyber criminals a new study reveals, 77 percent of respondents to a survey say they have or are actively rolling out a cyber resilience strategy, yet an astounding 60 percent of respondents believe it is inevitable or likely they will suffer from an email-borne attack in the coming year.
The same threats that organisations have faced for years continue to play out with tactics matched to world events to evade detection. The increases in remote working due to the global pandemic have only amplified the risks businesses face from these threats, making the need for effective cyber resilience essential.
Read more: https://betanews.com/2020/06/09/attacks-by-email/