Black Arrow Cyber Threat Briefing 6 October 2023

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.

Top Cyber Stories of the Last Week

Many Cyber Attacks Begin by Breaking Human Trust

One of the most visible cyber attacks in recent months has reminded us that we all play a role in security, and people remain a favourite route for attackers. In the recent attack on MGM Resorts, an employee unwittingly helped the attacker to access the organisation’s systems and information. The attack highlights the power of social engineering as an attack vector, and that any size of business can fall victim.

One of the ways organisations can help to protect themselves is to provide social engineering training to employees. This builds resilience by helping employees to understand, recognise and avoid becoming a victim, recognising that cyber security involves more than just technology.

Despite some improvements in awareness programs, organisations face hurdles including budget constraints, limited training time and understaffing. Training should be continuous and target major risk areas such as phishing, vishing and password management, while fostering a proactive security culture.

Black Arrow supports organisations of all sizes in designing and delivering proportionate user education and awareness programmes, including in-person and online training as well as simulated phishing campaigns. Our programmes ensure employee engagement and build a cyber security culture to protect the organisation.

Sources: [GovTech] [Bloomberg] [Security Week]

BYOD Should Stand for Bring Your Own Disaster, According to Microsoft Ransomware Data

Microsoft research says that 80-90 percent of ransomware attacks over the past year originated from unmanaged devices. Many organisations welcome a bring your own device (BYOD) policy, yet are not managing these devices effectively.

Without appropriate management of BYOD devices, organisations are allowing a number of unknown devices onto the corporate scene; these devices can be unpatched, unregulated and can lack adequate security measures, without the organisation even being aware.

Source: [The Register]

SME Cyber Security Knowledge Gap Widens

Recent findings underscore a growing concern: a significant cyber security knowledge gap among small and medium size enterprises (SMEs). The report found that 22% of employees are concerned their actions could contribute to a cyber attack or data breach. Alarmingly, more than three-quarters of senior executives are unable to identify cyber threats or distinguish phishing emails from legitimate ones.

Despite the clear risks, three out of four SMEs do not provide any form of cyber security training to their staff. This reveals a concerning disconnect: while the majority of business owners do not perceive their staff as potential cyber security risks, many employees themselves acknowledge that they could inadvertently cause such issues.

Adding to the concern, 60% of SMEs have no plans to increase their security budget in the coming year. Two-thirds of these businesses do not view cyber security as a priority. In fact, only one in five SMEs are even considering investing in cyber insurance. This widening knowledge gap in SME cyber security is indeed troubling and calls for immediate attention.

Sources: [Insurance Journal] [Dealer Support] [IT Security Guru]

UK Security Budgets Under Strain as Cyber Incidents Soar

A recent report found that UK businesses have suffered a 25% increase in cyber incidents in the last year, against a backdrop of budgetary constraints on implementing cyber security strategies. The report found that, despite spending more than £40,000 a year on cyber security protection, more than a quarter of organisations think their cyber security budget is inadequate to fully protect them from growing threats. This is as UK businesses have experienced, on average, 30 cyber incidents over the last 12 months, a 25% increase compared to last year.

The report identified that a lack of key skills remains one of the main concerns in tackling rising cyber threats. So much so that 30% of cyber staff admit to currently facing burnout. This pressure also means that less than half of companies are confident in their ability to handle the biggest threats facing organisations, including phishing (56%) and malware (55%).

Sources: [Silicon] [Verdict] [CSO Online]

Cyber Leaders’ Confidence in Their Organisation’s Defences Plummets, But Costs Mount

A recent EY survey of cyber security leaders reported that just 1 in 5 found their organisation’s approach to cyber defences to  effective and just 36% are satisfied with the levels of best practices by teams outside the IT department. The report also found that despite higher levels of spending, the organisation’s cyber security detection and response appeared slow; 76% of respondents took six months or longer to detect and respond to an incident.

Source: [EY]

FBI Warns of Dual Ransomware as Data Destruction Dwell Times Hit Low of 24 Hours

The FBI has flagged dual ransomware attacks, where attackers will attack a company twice within a few hours, as an emerging trend. This comes as an increasing number of ransomware actors are deploying their ransomware within 24 hours of initial access, and in 10% of cases, within just a few hours. Comparing this to last year, where the median time was four and a half days, organisations have significantly less time to enact their response, if they have one.

Sources: [Tech Monitor] [The Cord] [Information Security] [Beta News] [Cision] [The Record] [Malware Bytes]

Tech-Savvy Young Workers Might Be the Biggest Cyber Liability to Your Business

A new report from Ivanti into hidden threats finds that one in three employees believe their actions do not impact their organisation's security. The research shows that Millennial and Gen Z office workers are more likely to have unsafe cyber security habits when compared to Gen X and older (those above 40 years of age). The report also finds that men and leaders are more comfortable contacting a security employee with a question or concern, with leaders at an organisation the most likely to reach out with a question at 72%.

The report also highlighted that phishing scams were found to be greatly underreported by those aged 40 and under, with 23% saying that they did not report the last phishing attempt they received, the most the most likely reason for this being “I didn’t think it was important”. In contrast, of the older demographic only 12% failed to report. Cyber security has only recently become the leading concern among C-suites and executives; however, security leaders need to enable all employees to play defence against threat actors and proactively build an open and welcoming security culture.

Sources: [Techradar] [Beta News] [HelpNet Security]

Half of Cyber Security Professionals Report Increase in Cyber Attacks, with 60% of Attacks Going Unreported

Over half (52%) of cyber security professionals are experiencing an increase in cyber attacks compared to a year ago, according to new research. Further findings revealed that only 40% of organisations conducted a cyber risk assessment annually. By conducting risk assessments, organisations are able to identify their vulnerabilities and address them, before an attacker gets the chance to exploit them.

Further, in a recent survey conducted by ISACA, which collated insights from over 2,000 security leaders globally, a significant 62% of respondents say that organisations are under-reporting cyber crime incidents. The report also revealed 59% indicate their cyber security teams are undermanned, and the challenge of retaining skilled cyber security professionals remains, with 56% experiencing retention issues.

Sources: [MSSP Alert] [Security Brief] [InfoSecurity Magazine ]

Global Cyber Survey Finds 50% Rise in Cyber Insurance Premiums

According to a recent survey, budgets for cyber security have grown 70% in the last five years and whilst these have risen, so have cyber insurance premiums (50%), due to the increase in ransomware attacks.

Insurance firms have not been able to sustain losses they were incurring without passing on these costs to their customers. At the same time, obtaining cyber insurance is getting exponentially harder, with more and more stringent controls and measures being mandated by insurance companies before underwriting to minimise their exposure.

Black Arrow supports business leaders in organisations of all sizes to demonstrate governance of their cyber security, by owning their cyber security strategy and leveraging their existing internal and external resources to build resilience against a cyber security incident.

Source: [Global Reinsurance]

Evolving Conversations: Cyber Security as a Business Risk

According to a report, only 53% of board members report having regular interactions with their cyber security experts, leaving nearly half without a strong and distinct Chief Information Security Officer (CISO) perspective in the decision making process.

By including CISOs or virtual CISOS (vCISOS) in board processes, the board can better understand the cyber implications of decisions, after all, you wouldn’t make a board-level financial decision without involving the CFO.

Source: [HelpNet Security]

Threats in Cloud Top the List of Executive Cyber Concerns

A recent report published by PwC has found that cloud-related threats are the top concern for organisations that have adopted the technology. These security concerns intensify for organisations with multiple clouds or hybrid infrastructures, with the report finding more than half of respondents citing cloud security as their most pressing concern.

The report highlighted that despite the focus on cloud security, nearly every organisation had risk management lapses. Nearly a third of respondents had yet to address disaster recovery and backup with their cloud service provider, and more than two in five pointed to in-house cloud skills gaps as a lingering risk factor.

Black Arrow works with organisations of all sizes and sectors to design and prepare for managing a cyber security incident; this can include an Incident Response Plan and an educational tabletop exercise for the leadership team that highlights the proportionate controls to help the organisation prevent and mitigate an incident.

Source: [CIO Dive]

Over Half of Phishing Emails Now Use Obfuscation Tactics to Avoid Detection

Recent research shows that hackers are increasingly using sophisticated tactics to get their phishing emails past companies’ cyber security defences. One key finding of the report is the percentage of phishing emails that use obfuscation techniques to avoid detection jumped by 24.4% in 2023. More than half of malicious emails, or 55.2%, now use such tactics. The report found that the most widely used obfuscation technique is HTML smuggling. This is the practice of hiding malicious raw code in a seemingly legitimate HTML page; the code only turns into malware after clearing the cyber security filtering.

The use of chatbots or large language models have lowered the barrier for entry to cyber crime, making it possible to create well-written phishing campaigns and generate malware that less capable coders could not produce alone. The reports found that tools designed to detect AI-generated phishing emails work unreliability or don’t work at all in 71.4% of cases.

Source: [Silicon Angle]

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Governance, Risk and Compliance

• Small Businesses Underestimate Cyber Risks Despite Increased Threats: IBC Survey (insurancejournal.com)

• Half of Cyber security Professionals Report Increase in Cyber Attacks - Infosecurity Magazine (infosecurity-magazine.com)

• Cyber security: Still No. 1 on Every CIO's Agenda (govtech.com)

• SME cyber security knowledge gap widens | Dealer Support

• UK SME cyber threat concerns on the rise in last 12 months as a quarter admit to being breached - IT Security Guru

• Poor cyber security habits are common among younger employees - Help Net Security

• Many Cyber Attacks Begin by Breaking Human Trust (govtech.com)

• After MGM and Caesars hacks, cyber security experts warn ‘anybody is vulnerable’  - The Nevada Independent

• People Still Matter in Cyber security Management (darkreading.com)

• UK businesses face tightening cyber security budgets as incidents spike | CSO Online

• Threats in cloud top list of executive cyber concerns, PwC finds | CIO Dive

• Ransomware Crisis, Recession Fears Leave CISOs in Tough Spot (darkreading.com)

• Evolving conversations: Cyber security as a business risk - Help Net Security

• Cyber security preparedness pays big dividends for businesses - Help Net Security

• Breaches Are the Cost of Doing Business, but NIST Is Here to Help (darkreading.com)

• Your Company's Cyber security Depends on Every Employee--Train Them Well and Instill the Importance of Security | Inc.com

• Gartner: Spending On Cyber security Services Is Outpacing Expectations In 2023 | CRN

• Cyber leaders’ confidence in their organisation’s defences plummets, but costs mount | EY - Global

• CISO's compass: Mastering tech, inspiring teams, and confronting risk - Help Net Security

• Kroll Launches Detection and Response Maturity Model and Finds 91% of Businesses Overestimate Their Cyber Maturity, Increasing Their Vulnerability to Cyber attacks

• Gartner Forecasts Global Security and Risk Management Spending to Grow 14% in 2024 (darkreading.com)

• A Tool to Help Boards Measure Cyber Resilience (hbr.org)

• High-business-impact outages are incredibly expensive - Help Net Security

• 78% of organisations under-report cyber attacks: ISACA (securitybrief.co.nz)

• Moody’s cyber survey reveals growing budgets and improved governance - Reinsurance News

• How To Talk To Your Board And C-suite About Cyber Preparedness | Scoop News

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Threats

Ransomware, Extortion and Destructive Attacks

• Moody’s global cyber survey finds 50% rise in cyber insurance premiums | Global Reinsurance

• Ransomware is deployed faster as cyber criminals seek to avoid detection (betanews.com)

• Ransomware Dwell Time Hits Low of 24 Hours (prnewswire.com)

• Microsoft: Human-operated ransomware attacks tripled over past year (therecord.media)

• Bad BYOD facilitates most ransomware attacks, says Microsoft • The Register

• Dual ransomware attacks: FBI warns of twin threat to businesses (techmonitor.ai)

• Ransomware gangs destroying data, using multiple strains during attacks: FBI (therecord.media)

• Why the public sector is an easy target for ransomware | TechCrunch

• Banks beware: Why one ransomware victim decided to pay up | American Banker

• LUCR-3: Scattered Spider Getting SaaS-y in the Cloud (thehackernews.com)

• Data Theft Overtakes Ransomware as Top Concern for IT Decision Makers - Infosecurity Magazine (infosecurity-magazine.com)

• Feds hopelessly behind the times on ransomware trends • The Register

• MOVEit cyber attacks: keeping tabs on the biggest data theft of 2023 - The Verge

• Ransomware reinfections on the rise from improper remediation (malwarebytes.com)

• Meet LostTrust ransomware — A likely rebrand of the MetaEncryptor gang (bleepingcomputer.com)

• Ransomware gangs now exploiting critical TeamCity RCE flaw (bleepingcomputer.com)

• Two hacker groups are back in the news, LockBit 3.0 Black and BlackCat/AlphV (securityaffairs.com)

• Ransomware disrupts hospitality, healthcare in September | TechTarget

• Ransomware Attacks: Bad for Hospitals, Deadly for Patients - Tradeoffs

• Lorenz ransomware embroiled in its own two-year data leak • The Register

Ransomware Victims

• LockBit crime spree includes FDF and UK law firm (techmonitor.ai)

• Motel One discloses data breach following ransomware attack (bleepingcomputer.com)

• MOVEit cyber attacks: keeping tabs on the biggest data theft of 2023 - The Verge

• Record Numbers of Ransomware Victims Named on Leak Sites - Infosecurity Magazine (infosecurity-magazine.com)

• MGM Resorts Refused to Pay Ransom in Cyber attack on Casinos - WSJ

• BlackCat gang claims they stole data of 2.5 million patients of McLaren Health Care (securityaffairs.com)

• Ransomware attack on Johnson Controls may have exposed sensitive DHS data (securityaffairs.com)

• South African insurance clients hit in massive global cyber attack (mybroadband.co.za)

• Sony sent data breach notifications to about 6,800 individuals (securityaffairs.com)

• Clorox Warns of a Sales Mess After Cyber attack - WSJ

Phishing & Email Based Attacks

• EvilProxy Phishing Attack Strikes Indeed, Targets Executives - Infosecurity Magazine (infosecurity-magazine.com)

• Report: Over half of phishing emails now use obfuscation tactics to avoid detection - SiliconANGLE

• Phishing, Smishing Surge Targets USPS - Infosecurity Magazine (infosecurity-magazine.com)

• Will generative AI really supercharge phishing attacks? - Tech Monitor

Other Social Engineering; Smishing, Vishing, etc

• Many Cyber Attacks Begin by Breaking Human Trust (govtech.com)

• MGM Cyber attack Shows How Hackers Deploy Social Engineering - Bloomberg

• Casino Hackers Use Low-Tech Tricks to Exploit Corporate Targets (bloomberglaw.com)

• Lazarus Group Impersonates Recruiter from Meta to Target Spanish Aerospace Firm (thehackernews.com)

• USPS Anchors Snowballing Smishing Campaigns (darkreading.com)

• Phishing, Smishing Surge Targets USPS - Infosecurity Magazine (infosecurity-magazine.com)

Artificial Intelligence

• Bing Chat's ads unleash malware mayhem: Users lured into dangerous websites - OnMSFT.com

• Harvard cyber security guru Bruce Schneier warns of ChatGPT, AI effect on election disinformation, propaganda | Fortune

• Protecting against FraudGPT, ChatGPT's evil twin - Help Net Security

• GenAI in software surges despite risks - Help Net Security

• Boardroom Blueprint: AI's Cyber security Risks (forbes.com)

• The top AI cyber crime threats and solutions | Inquirer Technology

• Kaspersky Issues Crimeware Report, Uncovers “WormGPT” | MSSP Alert

• The big debate: is AI a blessing or curse for cyber security? - Raconteur

• Global internet freedoms fell again last year as the threat of AI looms (therecord.media)

• Survey Finds Most Cyber security Experts Believe Offensive AI Will Outpace Defensive AI (thefastmode.com)

• LLMs lower the barrier for entry into cyber crime - Help Net Security

• Will generative AI really supercharge phishing attacks? - Tech Monitor

• Are we doomed to make the same security mistakes with AI? (securityintelligence.com)

• AI facial recognition: Campaigners and MPs call for ban - BBC News

• From Cyber crime to Cyber security: Fighting AI With AI | ITPro Today: IT News, How-Tos, Trends, Case Studies, Career Tips, More

Malware

• Hackers are spreading malware through Indeed job messages | Digital Trends

• Cyber criminals Using New ASMCrypt Malware Loader Flying Under the Radar (thehackernews.com)

• There's a dangerous new malware-as-a-service on the rise - here's what you need to know | TechRadar

• BunnyLoader: New Malware-as-a-Service Threat Emerges in the Cyber crime Underground (thehackernews.com)

• North Korea's Lazarus Group upgrades its main malware • The Register

• Malware-Infected Devices Sold Through Major Retailers - Infosecurity Magazine (infosecurity-magazine.com)

• Prolific malware and botnet operator Qakbot still operating despite FBI takedown - SiliconANGLE

• Hundreds of malicious Python packages found stealing sensitive data (bleepingcomputer.com)

Mobile

• Bad BYOD facilitates most ransomware attacks, says Microsoft • The Register

• Android's October 2023 Security Updates Patch Two Exploited Vulnerabilities - Security Week

• Backdoored Android phones, TVs used for ad fraud - and worse! - Help Net Security

• Are executives adequately guarding their gadgets? - Help Net Security

Botnets

• AWS Using MadPot Decoy System to Disrupt APTs, Botnets - Security Week

Denial of Service/DoS/DDOS

• Flights grounded by DDoS cyber attack on Russia's airports (techmonitor.ai)

• Cloudflare DDoS protections ironically bypassed using Cloudflare (bleepingcomputer.com)

• Royal Family's official website targeted in cyber attack | UK News | Sky News

• Global events fuel DDoS attack campaigns - Help Net Security

BYOD

• Bad BYOD facilitates most ransomware attacks, says Microsoft • The Register

• Are executives adequately guarding their gadgets? - Help Net Security

Internet of Things – IoT

• Malware-Infected Devices Sold Through Major Retailers - Infosecurity Magazine (infosecurity-magazine.com)

• IoT and the law | Professional Security

• Backdoored Android phones, TVs used for ad fraud - and worse! - Help Net Security

• Eyes everywhere: How to safely navigate the IoT video revolution - Help Net Security

• FDA cyber mandates for medical devices goes into effect | CyberScoop

Data Breaches/Leaks

• European Telecommunications Standards Institute Discloses Data Breach - Security Week

• MOVEit cyber attacks: keeping tabs on the biggest data theft of 2023 - The Verge

• Data Theft Overtakes Ransomware as Top Concern for IT Decision Makers - Infosecurity Magazine (infosecurity-magazine.com)

• NATO says it is addressing an apparent cyber attack after strategy documents posted online | CNN Politics

• SiegedSec Hacktivists Claim to Have Stolen 3,000 NATO Files in Second Attack | MSSP Alert

• Blackbaud Pays $49.5M to Settle With State AGs in Breach (inforisktoday.com)

• PSNI: Concerns over computer security as new figures reveal 161 data incidents | BelfastTelegraph.co.uk

• Sony confirms data breach impacting thousands in the US (bleepingcomputer.com)

• DNA testing service 23andMe investigating theft of user data | CyberScoop

Organised Crime & Criminal Actors

• Odds Are 1 in 4 Americans Will Fall Victim to Online Crime (prnewswire.com)

• People Still Matter in Cyber security Management (darkreading.com)

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• Crypto firms beware: Lazarus’ new malware can now bypass detection (cointelegraph.com)

• Scammers Impersonate Companies to Steal Cryptocurrency from Job Seeker - Infosecurity Magazine (infosecurity-magazine.com)

• There's a dangerous new malware-as-a-service on the rise - here's what you need to know | TechRadar

• BunnyLoader: New Malware-as-a-Service Threat Emerges in the Cyber crime Underground (thehackernews.com)

• The crypto market bears the scars of FTX's collapse | Reuters

Insider Risk and Insider Threats

• Many Cyber Attacks Begin by Breaking Human Trust (govtech.com)

• Tech-savvy young workers might be the biggest cyber liability to your business | TechRadar

• Younger employees more likely to have unsafe cyber security habits (betanews.com)

• Addressing the People Problem in Cyber security - Security Week

Fraud, Scams & Financial Crime

• FBI warns phantom hacker scams are emptying financial accounts — how to stay safe | Tom's Guide (tomsguide.com)

• Three men found guilty of laundering $2.5 million in Target gift card tech support scam (bitdefender.com)

• Online fraud can cost you more than money - Help Net Security

• The crypto market bears the scars of FTX's collapse | Reuters

• How to deal with your brand's doppelgangers | Kaspersky official blog

• Visa Program Combats Friendly Fraud Losses For Small Businesses Globally (darkreading.com)

Impersonation Attacks

• Lazarus Group Impersonates Recruiter from Meta to Target Spanish Aerospace Firm (thehackernews.com)

• Supply Chain Attackers Escalate With GitHub Dependabot Impersonation (darkreading.com)

• Scammers Impersonate Companies to Steal Cryptocurrency from Job Seeker - Infosecurity Magazine (infosecurity-magazine.com)

AML/CFT/Sanctions

• Three men found guilty of laundering $2.5 million in Target gift card tech support scam (bitdefender.com)

Insurance

• Moody’s global cyber survey finds 50% rise in cyber insurance premiums | Global Reinsurance

• Insurance Companies Have a Lot to Lose in Cyber attacks (darkreading.com)

• 5 Cyber Insurance Trends To Watch Right Now | CRN

Supply Chain and Third Parties

• Tackling cyber risks head-on using security questionnaires - Help Net Security

Software Supply Chain

• Software firms under cyber attack | Microscope (computerweekly.com)

• Upstream Supply Chain Attacks Triple in a Year - Infosecurity Magazine (infosecurity-magazine.com)

• Supply Chain Attackers Escalate With GitHub Dependabot Impersonation (darkreading.com)

Cloud/SaaS

• Threats in cloud top list of executive cyber concerns, PwC finds | CIO Dive

• Microsoft Warns of Cyber Attacks Attempting to Breach Cloud via SQL Server Instance (thehackernews.com)

• LUCR-3: Scattered Spider Getting SaaS-y in the Cloud (thehackernews.com)

• AWS Using MadPot Decoy System to Disrupt APTs, Botnets - Security Week

• Fast-Growing Dropbox Campaign Steals Microsoft SharePoint Credentials (darkreading.com)

• EvilProxy uses indeed.com open redirect for Microsoft 365 phishing (bleepingcomputer.com)

Hybrid/Remote Working

• Employers must be clear with staff over workplace monitoring, warns privacy watchdog | UK News | Sky News

• Surge in workplace monitoring prompts new ICO guidelines on employee privacy | ITPro

Encryption

• New Marvin attack revives 25-year-old decryption flaw in RSA (bleepingcomputer.com)

• Quantum Computers Could Crack Encryption Sooner Than Expected With New Algorithm (singularityhub.com)

API

• The Silent Threat of APIs: What the New Data Reveals About Unknown Risk (darkreading.com)

• APIs: Unveiling the Silent Killer of Cyber Security Risk Across Industries (thehackernews.com)

Open Source

• New 'Looney Tunables' Linux bug gives root on major distros (bleepingcomputer.com)

• The root cause of open-source risk - Help Net Security

Passwords, Credential Stuffing & Brute Force Attacks

• Your Long Password Is Still Easy to Crack (pcmag.com)

• Fast-Growing Dropbox Campaign Steals Microsoft SharePoint Credentials (darkreading.com)

Biometrics

• AI facial recognition: Campaigners and MPs call for ban - BBC News

• The rise and fall of Clearview.AI and the evolution of facial recognition - SiliconANGLE

• The inadequacy of voice biometrics | TechRadar

Social Media

• Norway Urges Europe-Wide Ban on Meta's Targeted Ad Data Collection (darkreading.com)

• Lazarus Group Impersonates Recruiter from Meta to Target Spanish Aerospace Firm (thehackernews.com)

• Elon Musk ‘Cut Off Good Guys, Empowered Bad’: Stanford Cyber security Wonk - The Messenger

Malvertising

• Backdoored Android phones, TVs used for ad fraud - and worse! - Help Net Security

Training, Education and Awareness

• Your Company's Cyber security Depends on Every Employee--Train Them Well and Instill the Importance of Security | Inc.com

• Addressing the People Problem in Cyber security - Security Week

• How to Improve Cyber security Awareness and Training (trendmicro.com)

Parental Controls and Child Safety

• Child abuse site taken down, organised child exploitation crime suspected – exclusive (securityaffairs.com)

Regulations, Fines and Legislation

• Cyber experts urge EU to rethink vulnerability disclosure plans | Computer Weekly

• EU Cyber Resilience Act Could be Exploited for Surveillance, Experts W - Infosecurity Magazine (infosecurity-magazine.com)

• Keeping SEC-ure: Using Threat Intelligence to Stay Ahead of the New SEC Regulations (recordedfuture.com)

• Many Companies Far From Ready for Fast-Approaching SEC Cybersecurity Deadline | Corporate Counsel (law.com)

• Companies are already feeling the pressure from upcoming US SEC cyber rules | CSO Online

• Employers must be clear with staff over workplace monitoring, warns privacy watchdog | UK News | Sky News

• Blackbaud Pays $49.5M to Settle With State AGs in Breach (inforisktoday.com)

Models, Frameworks and Standards

• Breaches Are the Cost of Doing Business, but NIST Is Here to Help (darkreading.com)

• What is Compliance as a Service (CaaS)? - Definition from WhatIs.com (techtarget.com)

Careers, Working in Cyber and Information Security

• UK government plans 2,500 new tech recruits by 2025 with focus on cyber security | CSO Online

• Up to 500,000 staff required to field off growing cyber security threat to Europe | Business Post

• The State of Cyber security: Cyber Skills Gap Leaves Business Vulnerable to Attacks, New Research Reveals | Business Wire

• Blue teams on the edge: cyber pros seem to hate their jobs | Cybernews

• Soft skills continue to challenge the cyber security sector - Help Net Security

Law Enforcement Action and Take Downs

• Child abuse site taken down, organised child exploitation crime suspected – exclusive (securityaffairs.com)

• Prolific malware and botnet operator Qakbot still operating despite FBI takedown - SiliconANGLE

• Three men found guilty of laundering $2.5 million in Target gift card tech support scam (bitdefender.com)

• UK student found guilty of 3D printing 'kamikaze' drone • The Register

Privacy, Surveillance and Mass Monitoring

• EU Cyber Resilience Act Could be Exploited for Surveillance, Experts W - Infosecurity Magazine (infosecurity-magazine.com)

• Surge in workplace monitoring prompts new ICO guidelines on employee privacy | ITPro

• AI facial recognition: Campaigners and MPs call for ban - BBC News

• Norway Urges Europe-Wide Ban on Meta's Targeted Ad Data Collection (darkreading.com)

Misinformation, Disinformation and Propaganda

• Harvard cyber security guru Bruce Schneier warns of ChatGPT, AI effect on election disinformation, propaganda | Fortune

• Elon Musk ‘Cut Off Good Guys, Empowered Bad’: Stanford Cyber security Wonk - The Messenger

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

Misc Nation State, Cyber Warfare and Cyber Espionage

• Espionage fuels global cyber attacks - Microsoft On the Issues

• Microsoft: Nation-state cyber espionage on rise in 2023 | Computer Weekly

• ‘Cyberwar Is Going on All Day, Every Day’: CEO | NTD

• CISA and UK NCSC Hold Inaugural Meeting of Strategic Dialogue on Cyber security of Civil Society Under Threat of Transnational Repression | CISA

• US and UK Lead Fight Against Civil Society Cyber Threats - Infosecurity Magazine (infosecurity-magazine.com)

• Harvard cyber security guru Bruce Schneier warns of ChatGPT, AI effect on election disinformation, propaganda | Fortune

• The sixth domain: The role of the private sector in warfare - Atlantic Council

• How this unassuming cable became the world’s most powerful weapon (telegraph.co.uk)

• Joint Statement from 21 Countries and the Organisation of American States Following the Department of Homeland Security Western Hemisphere Cyber Conference | Homeland Security (dhs.gov)

Russia

• Russian Cyber Attacks in 2023: Shifting Patterns, Goals, and Capacities

• Russian Hacktivism Takes a Toll on Organisations in Ukraine, EU, US (darkreading.com)

• Russia-Ukraine war: Cyber space is the latest frontline | Semafor

• Flights grounded by DDoS cyber attack on Russia's airports (techmonitor.ai)

• Joint Statement from 21 Countries and the Organisation of American States Following the Department of Homeland Security Western Hemisphere Cyber Conference | Homeland Security (dhs.gov)

• Ukrainian Man Calls Russian Tech Support to Help With Captured Tank: Report (businessinsider.com)

China

• China Poised to Disrupt US Critical Infrastructure with Cyber Attacks, - Infosecurity Magazine (infosecurity-magazine.com)

• How digital threats from East Asia are increasing in breadth and effectiveness | CSO Online

• Belgian intelligence service VSSE accused Alibaba of ‘possible espionage’ at European hub in Liege (securityaffairs.com)

Iran

• Iran-Linked APT34 Spy Campaign Targets Saudis (darkreading.com)

North Korea

• North Korea's Lazarus Group upgrades its main malware • The Register

• Crypto firms beware: Lazarus’ new malware can now bypass detection (cointelegraph.com)

• Lazarus Group Impersonates Recruiter from Meta to Target Spanish Aerospace Firm (thehackernews.com)

• North Korean hackers are targeting aerospace - Lazarus Group tricks employees into installing malware themselves | TechRadar

• North Korea goes phishing in South’s shipyards • The Register

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Vulnerability Management

• How to Measure Patching and Remediation Performance (darkreading.com)

Vulnerabilities

• CISA Adds Two Known Exploited Vulnerabilities to Catalog, Removes Five KEVs | CISA

• October 2023 Patch Tuesday forecast: Operating system updates and zero-days aplenty - Help Net Security

• Exploit released for Microsoft SharePoint Server auth bypass flaw (bleepingcomputer.com)

• Microsoft Edge, Teams get fixes for zero-days in open-source libraries (bleepingcomputer.com)

• A new Chrome 0-day is sending the Internet into a new chapter of Groundhog Day | Ars Technica

• Apple fixed the 17th zero-day flaw exploited in attacks (securityaffairs.com)

• Apple Warns of Newly Exploited iOS 17 Kernel Zero-Day - Security Week

• Move Over, MOVEit: Critical Progress Bug Infests WS_FTP Software (darkreading.com)

• Mass exploitation attempts against WS_FTP have begun • The Register

• Millions of Exim mail servers exposed to zero-day RCE attacks (bleepingcomputer.com)

• Critical zero-days in Exim revealed, only 3 have been fixed - Help Net Security

• Patch Confusion for Critical Exim Bug Puts Email Servers at Risk--Again (darkreading.com)

• Microsoft won’t say if its products were exploited by spyware zero-days | TechCrunch

• Companies Address Impact of Exploited Libwebp Vulnerability  - Security Week

• Zero-day in Arm GPU drivers exploited in targeted attacks (CVE-2023-4211) - Help Net Security

• Arm warns of Mali GPU flaws likely exploited in targeted attacks (bleepingcomputer.com)

• Qualcomm says hackers exploit 3 zero-days in its GPU, DSP drivers (bleepingcomputer.com)

• Atlassian patches critical Confluence zero-day exploited in attacks (bleepingcomputer.com)

• Vulnerabilities in Supermicro BMCs could allow for unkillable server rootkits | Ars Technica

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Tools and Controls

• Does your security program suffer from piecemeal detection and response? (securityintelligence.com)

• Keeping SEC-ure: Using Threat Intelligence to Stay Ahead of the New SEC Regulations (recordedfuture.com)

• The Silent Threat of APIs: What the New Data Reveals About Unknown Risk (darkreading.com)

• APIs: Unveiling the Silent Killer of Cyber Security Risk Across Industries (thehackernews.com)

• 5 common browser attacks and how to prevent them | TechTarget

• Rationalizing Your Hybrid Cloud Security Tools (securityintelligence.com)

• Protecting your IT infrastructure with Security Configuration Assessment (SCA) (thehackernews.com)

• The big debate: is AI a blessing or curse for cyber security? - Raconteur

• Is your threat protection giving you a false sense of cyber security? | The Independent

• 5 Cyber Insurance Trends To Watch Right Now | CRN

• Quash EDR/XDR Exploits With These Countermeasures (darkreading.com)

• How to Improve Cyber security Awareness and Training (trendmicro.com)

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Reports Published in the Last Week

• Microsoft Digital Defence Report 2023 (MDDR) | Microsoft Security Insider

• STUDY: 37% Intimidated, 39% Frustrated with Online Security (globenewswire.com)

• Oh Behave! The Annual Cyber security Attitudes and Behaviours Report 2023 - National Cyber security Alliance (staysafeonline.org)

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Other News

• Cyber attacks on UK pension funds on the rise – study | Pensions & Investments (pionline.com)

• Are we smart enough for smart cities? | TechRadar

• The trust deficit in CNI: How to address a growing concern | Computer Weekly

• Third sector highly exposed to cyber risk - CIR Magazine

• 10 Emerging Cyber security Threats And Hacker Tactics In 2023 | CRN

• Lyca Mobile UK Confirm Cyber Attack Responsible for Disruption - ISPreview UK

• Global internet freedoms fell again last year as the threat of AI looms (therecord.media)

• Cyber security in the Age of Industry 4.0 (automation.com)

• How Private Equity Firms Can Protect ‘Treasure Trove’ from Digital Threats (ai-cio.com)

• 10 Routine Security Gaffes the Feds Are Begging You to Fix (darkreading.com)

• NSA: Here Are the Dumbest Cyber security Mistakes We See at Large Organisations (pcmag.com)

• The changing face of cyber security threats in 2023 | CIO

• Edinburgh Trams websites targeted by 'potential cyber attack' - Edinburgh Live

• Making Sense of Today's Payment Cyber security Landscape (darkreading.com)

• GAO tears into State Department's cyber security management • The Register

• First pan-European cyber analysis centre opens (airportsinternational.com)

• Nearly 100,000 Industrial Control Systems Exposed to the Internet - Infosecurity Magazine (infosecurity-magazine.com)

• Mobile customers unable to make or receive calls after firm hit by cyber attack - Mirror Online

• Malicious HDMI Cables Steals Photos, Videos, and Location Data (gbhackers.com)

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Sector Specific

Industry specific threat intelligence reports are available.

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

·         Automotive

·         Construction

·         Critical National Infrastructure (CNI)

·         Defence & Space

·         Education & Academia

·         Energy & Utilities

·         Estate Agencies

·         Financial Services

·         FinTech

·         Food & Agriculture

·         Gaming & Gambling

·         Government & Public Sector (including Law Enforcement)

·         Health/Medical/Pharma

·         Hotels & Hospitality

·         Insurance

·         Legal

·         Manufacturing

·         Maritime

·         Oil, Gas & Mining

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

·         Retail & eCommerce

·         Small and Medium Sized Businesses (SMBs)

·         Startups

·         Telecoms

·         Third Sector & Charities

·         Transport & Aviation

·         Web3

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As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Black Arrow Cyber Threat Briefing 01 September 2023

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.

Top Cyber Stories of the Last Week

66 Percent of Businesses Don't Understand Their Cyber Risks

A survey has found that 67% of organisations have experienced a breach requiring attention within the last two years, despite having traditional security measures in place. Worryingly, 66% self-reported having limited visibility and insight into their cyber risk profiles.

83% of organisations agreed that a comprehensive cyber risk reduction strategy would yield a reduction in the likelihood of a significant cyber incident occurring, yet a number of organisations are finding it difficult to implement this and as a result are looking for outside assistance too. The report found that 93 percent of organisations plan to offload specific segments of cyber risk reduction workstreams or projects to security service providers within the next two years.

Source: [Beta News]

Massive Supplier Cyber Breach Puts London’s Metropolitan Police on Red Alert After Officer and Staff Details Hacked

All 47,000 personnel working for the Met Police were warned of the risk their photos, names and ranks having been stolen when cyber crooks penetrated the IT systems of a contractor printing warrant cards and staff passes. The supplier had access to names, ranks, photos, vetting levels and pay numbers of officers and staff, but did not hold information such as addresses, phone numbers or financial details.

The attack shows the importance of understanding the supply chain, and what access your supplier has access to. Without knowing who has your data, and what data, you will be left clueless if a breach on a supplier occurs.

Sources [Data Breaches] [UKAuthority]

Pay our Ransom Instead of a GDPR Fine, Cyber Crime Gang Tells Targets, as Attacks Against Small Businesses Ramp Up

Ransomware actors are always evolving their tactics, with gangs now telling victims if they don’t pay, then they will face fines under data protection laws. Additionally, small businesses are on the radar, partially due to them being easier targets for actors; some gangs have shifted from asking for millions from a large organisation, to requesting small ransoms from multiple small businesses.

As a result in both the number and sophistication of ransomware attacks, 80% of organisations expect their spending to increase. Not every organisation has an unlimited budget and so it is important that organisations are able to prioritise and allocate their budget effectively, to give them the most protection that their budget allows, especially small to medium-sized businesses.

Sources [Dark Reading] [The Record] [Security Magazine]

Survey Finds In-house Counsel Cyber Anxiety Skyrocketing

In a recent report, only 25% of legal professionals said they felt fully prepared to deal with a cyber attack, with 78% ranking the task of shielding their organisation from cyber attacks as the greatest regulatory concern over the next 12 months; previously, this figure was only 30% in 2021.

There has been a growing number of attacks, due to the sensitive data that is held and the number of attacks will continue to rise. With regulatory concerns adding to this, in-house counsel should be looking to have their concerns heard and drive the organisation to bolster their defences, and this may include outsourcing expert advice to make sure it is done correctly.

Source: [Law.com]

58% of Malicious Emails Contained Spoofed Content

According to a recent report, 58% of malicious emails contained spoof content and spam emails had increased by 30% from Q1 to Q2 2023. The report identified a surge in the number of uses of QR codes as a primary attack method, showing that attack methods are evolving, and in some cases, choosing not to use traditional methods.

The report reinforces the need for constant user education training, to reduce the risk of an employee falling for a phishing email. With this training, new evolving techniques such as that with QR codes, should also be addressed.

Source: [Security Magazine]

Cyber Attacks Remain a Top Concern for Organisations Across All Industries

Cyber attacks remain a top threat to organisations’ ability to do business across all industries. When asked in a recent report, 18% of respondents reported that cyber attacks threatened or disrupted their business.

With cyber attacks being a huge concern, many organisations have an incident response plan in place; yet despite this, nearly one quarter (23%) of companies surveyed have either never conducted tests or are unsure if their teams have tested. Cyber incidents are a matter of when, not if, and a strong incident response plan is always needed and can prevent a bad situation from being made worse by doing the wrong things in the immediate aftermath of an attack.

Source: [Business Wire]

BYOD Security Gap: Survey Finds 49% of European Firms Unprotected

A recent survey found that a concerning 49% of European businesses are operating without having a formal bring-your-own-device (BYOD) policy, highlighting a lack of visibility and control over such devices. The report found that organisations are concerned about compliance-based issues, with 43% noting increased worries.

The benefits of BYOD are clear, allowing organisations to save money and eliminate the need for multiple devices. But without a formal BYOD policy, organisations are risking having employees bring in devices that are effectively invisible to IT. This means that the vulnerabilities that come with it, and the risks it can bring, also go unnoticed. To mitigate the risk, a formalised BYOD policy is required.

Source: [Infosecurity Magazine]

13% of Employees Admit to Falling for Phishing Attacks Working at Home, 9% Would Wait to Report After the Weekend

In a recent report, it was found that 13% of employees admitted they had fallen for a phishing attack whilst working from home. Rather worryingly, 21% said they would continue working business as usual in the event of falling victim to a phishing attack whilst working remotely on a Friday, with 9% indicating they’d wait until after the weekend to report it, effectively, giving the attacker a 48 hour period in which they go unnoticed, if the employee even remembers to report it on the Monday.

It is important that users are educated, both on spotting phishing attacks and the reporting process, so that organisations can be best protected. By providing regular and effective user training, employees will be at less risk of falling victim to a phishing attack, even from home. Additionally, by understanding the reporting process and why there is a need to report as soon as possible, organisations will shorten their detection time.

Source: [Security Magazine]

Numbers Don't Lie: Exposing the Harsh Truths of Cyber Attacks in New Report

In their most recent quarterly report, BlackBerry focused on a 90-day window, identifying over 1.5 million malware-based attacks, over 200,000 unique attacks, 17,000 attacks per day and 12 per minute to name a few. The report found that financial institutions were amongst the most targeted.

Source: [The Hacker News]

Kroll’s Breach Highlights SIM-Swapping Risk

A recent supply chain breach at Kroll, the risk and financial advisory firm, affected downstream customers and exposed personal information on hundreds of claimants in bankruptcy proceedings. The breach occurred when a threat actor had transferred an employee’s phone number to a device in the attackers possession, which was then subsequently used to access sensitive information.

In this attack, the actor had convinced T-Mobile to port the employee’s number over, allowing the actor to access files containing bankruptcy details. A mitigation recommended for this is to ask your network provider if they offer port freeze or number lock, to protect it from unauthorised transfer.

Source [Dark Reading]

Reducing The Risk of AI, What Can You Do?

Threat actors' use of generative AI has fuelled a significant rise in attacks worldwide during the last 12 months according to a recent report. Yet despite this, AI is still seen as a positive thing for organisations, with the power of generative AI quickly realised.

Certainly, AI can be used in the organisation to increase efficiency and automate tasks, but it must be used with vigilance. Organisations implementing AI should have governance over the usage of AI to eliminate the chance of data leaking. This governance may include policies, procedures and approved AI software.

Sources: [CSO Online] [UKTech News]

Debunking Popular Cyber Security Myths

At a time when cyber security is a constant feature in the news and our daily lives, it is important to debunk a few myths surrounding it. One of the biggest, is the assumption that cyber defence is all about the technical controls; in fact, 89% of cyber attacks involved social engineering. The prevalence of social engineering further shows that strong passwords, firewalls and antivirus are not enough; what’s the use in having a password that takes years to crack if you hand it over to someone?

When we think cyber security, we often think of external threat actors, but insider risk is a real threat: whether by malicious actions, negligence or misunderstanding, those inside your organisation can be a real risk to your organisation.

So what’s the take home? Cyber is more than just technology, and it is not just an outside attacker. Organisations’ cyber efforts should focus on more than just the technical requirements; by having things such as user education training, organisations can mitigate their cyber risk.

Sources: [Forbes] [Trend Micro]

3 Malware Loaders Responsible for 80% of Intrusions

Three malware loaders, QBot, SocGholish, and Raspberry Robin, are responsible for 80 percent of observed attacks on computers and networks so far this year. The malware are all distributed differently; Qbot is typically deployed through a phishing email, SocGholish is downloaded without user interaction, and Raspberry Robin is through USB devices.

Sources: [The Register] [Infosecurity Magazine]

MOVEit Hack Shows Attackers Still Use Old Tricks

SQL injection has been around for a quarter of a century, yet it still features amongst the top 10 list of security vulnerabilities. In fact, SQL injection was the method of attack for the infamous MOVEit hacks, which has impacted over 700 organisations, with the number still growing.

The MOVEit attack highlights just how easily old, over-looked vulnerabilities can be used to target an organisation. Consider your organisation now: are there any legacy systems or software in place?

Source: [Dark Reading]

Barracuda Thought it Drove 0-day Hackers out of Customers’ Networks. It was Wrong.

In late May, security vendor Barracuda had released a patch for their email security gateway (ESG), which was being actively exploited. Having already accounted for this, the threat actors utilised a new attack, which meant infected devices would reinfect themselves, effectively negating Barracuda’s patch. Unfortunately, this meant that for a while, Barracuda thought it was in the clear, when it was still under attack.

Upon realising this, Barracuda’s security advisory changed from recommending a patch to requiring an immediate replacement of compromised ESG appliances, regardless of the patch level. This shows the need for organisations to keep up to date with the latest threat intelligence, as missing the second update could mean infected devices are still in the wild, with organisations under the false perception that they were safe.

Source: [Ars Technica]

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Governance, Risk and Compliance

• Cyber Attacks and Other Threats Remain a Top Concern for Organisations Across All Industries, Finds InformationWeek’s State of Cyber Risk and Resiliency Report | Business Wire

• 66 percent of businesses don't understand their cyber risks (betanews.com)

• Survey of In-House Counsel Finds Cyber Anxiety Skyrocketing | Law.com

• Numbers Don't Lie: Exposing the Harsh Truths of Cyber Attacks in New Report (thehackernews.com)

• SEC Probe Targets SolarWinds Executives - DevX

• Cyber Security Enters Conversation About Executive Pay - WSJ

• Cyber defence makes up majority of cyber security budgets | Security Magazine

• How international cyber security frameworks can help CISOs | CSO Online

• Balancing risk and compliance: implications of the SEC’s new cyber security regulations | CSO Online

• SEC cyber attack regulations prompt 10 questions for CISOs | TechTarget

• Should Senior IT Professionals Be Accountable for Professional Decisions? (darkreading.com)

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Threats

Ransomware, Extortion and Destructive Attacks

• 80% of organisations expect ransomware spending to increase | Security Magazine

• Akira Ransomware gang targets Cisco ASA without Multi-Factor Auth (securityaffairs.com)

• Citrix NetScaler Alert: Ransomware Hackers Exploiting Critical Vulnerability (thehackernews.com)

• MOVEit Was a SQL Injection Accident Waiting to Happen (darkreading.com)

• Nearly 1,000 Organisations, 60 Million Individuals Impacted by MOVEit Hack - SecurityWeek

• Ransomware With an Identity Crisis Targets Small Businesses, Individuals (darkreading.com)

• Pay our ransom instead of a GDPR fine, cyber crime gang tells its targets (therecord.media)

• Ransomware Attack Cleanup Costs: $11M So Far for Rackspace (govinfosecurity.com)

• LogicMonitor customers who didn’t change default passwords were hit by hackers (databreaches.net)

• LockBit 3.0 Ransomware Builder Leak Gives Rise to Hundreds of New Variants (thehackernews.com)

• Deconstructing ransomware, cyber criminals and their modus operandi | TechRadar

• Ransomware Evolution: Smaller Actors, Bigger Impact (govinfosecurity.com)

• Ransomware hackers dwell time drops to 5 days, RDP still widely used (bleepingcomputer.com)

• Making Sense of Ransomware Attack Statistics in 2023 | ITPro Today: IT News, How-Tos, Trends, Case Studies, Career Tips, More

• Financial Firms Breached in MOVEit Cyber Attacks Now Face Lawsuits (darkreading.com)

• Should Companies Pay After Ransomware Attacks? Is It Illegal? (techtarget.com)

• How Ransomware Groups Respond to External Pressure (inforisktoday.com)

• Decoding the DNA of Ransomware Attacks: Unveiling the Anatomy Behind the Threat (trellix.com)

• Rackspace Faces Massive Cleanup Costs After Ransomware Attack (darkreading.com)

• EDITORIAL | Time to Cut Off North Korea from Funding Sources for its Missiles | JAPAN Forward (japan-forward.com)

• International ransomware gangs are evolving their techniques. The next generation of hackers will target weaknesses in cryptocurrencies (theconversation.com)

• 8 Types of Ransomware: Examples of Past and Current Attacks (techtarget.com)

• Black Basta Besting Your Network? (securityintelligence.com)

Ransomware Victims

• Financial Firms Breached in MOVEit Cyber Attacks Now Face Lawsuits (darkreading.com)

• Ransomware Attack Cleanup Costs: $11M So Far for Rackspace (govinfosecurity.com)

• St Helens Council still dealing with suspected cyber-attack - BBC News

• Rhysida claims ransomware attack on Prospect Medical, threatens to sell data (bleepingcomputer.com)

• University of Michigan shuts down network after cyber attack (bleepingcomputer.com)

• Social Security Numbers leaked in ransomware attack on Ohio History Connection (malwarebytes.com)

Phishing & Email Based Attacks

• Phishing as a service continues to plague business users - SiliconANGLE

• 58% of malicious emails contained spoof content | Security Magazine

• 13% of employees admit to falling for phishing attacks working at home | Security Magazine

• Top 5 most abused brands by hackers

• New phishing attacks target FTX users following Kroll data breach – Cryptopolitan

• Phishing-as-a-Service Gets Smarter: Microsoft Sounds Alarm on AiTM Attacks (thehackernews.com)

• Spain warns of LockBit Locker ransomware phishing attacks (bleepingcomputer.com)

• US govt email servers hacked in Barracuda zero-day attacks (bleepingcomputer.com)

• QR Code' Surge in Popularity Brings Along a Rise in QR-Linked Phishing Scams | Metaverse Post (mpost.io)

• Rising Phishing Scams Impact Small Businesses Relying on Social Media (smallbiztrends.com)

• Can You Spot Phishing Emails? Test Your Awareness With These Quizzes (makeuseof.com)

• How to Spot Phishing Emails & Tips to Avoid Them | Proofpoint US

Other Social Engineering; Smishing, Vishing, etc

• Kroll Suffers Data Breach: Employee Falls Victim to SIM Swapping Attack (thehackernews.com)

• New phishing attacks target FTX users following Kroll data breach – Cryptopolitan

• 3 Cryptocurrency Firms Suffer Data Breach After Kroll SIM Swapping Attack - SecurityWeek

Artificial Intelligence

• Cyber security agency gives AI chatbot warning (uktech.news)

• Why generative AI is a double-edged sword for the cyber security sector | VentureBeat

• IT leaders alarmed by generative AI's SaaS security implications - Help Net Security

• Is Bias in AI Algorithms a Threat to Cloud Security? (darkreading.com)

• Shifting Cyber Security: The Impact and Implications of LLMs (inforisktoday.com)

• Vendors Training AI With Customer Data is an Enterprise Risk (darkreading.com)

• Advanced Malware: Why AI Can't Help All Hackers (inforisktoday.com)

• Hacking the future: Notes from DEF CON’s Generative Red Team Challenge | CSO Online

• Building cyber resilience in an age of AI (betanews.com)

• How to minimize data risk for generative AI and LLMs in the enterprise | VentureBeat

• Google launches tool to identify AI-generated images - Help Net Security

2FA/MFA

• Akira Ransomware gang targets Cisco ASA without Multi-Factor Auth (securityaffairs.com)

AITM/MITM

• Microsoft Warns of Adversary-in-the-Middle Uptick on Phishing Platform - Infosecurity Magazine (infosecurity-magazine.com)

Malware

• These 3 loaders were behind 80% of intrusions this year • The Register

• 20+ Malware Statistics You Need to Know in 2023 (techreport.com)

• Cisco Talos Research: New Lazarus Group Attack Malware Campaign Hits UK & US Businesses (techrepublic.com)

• 'Whiffy Recon' Malware Transmits Device Location Every 60 Seconds (darkreading.com)

• Infamous Raccoon Stealer Malware Returns - DevX

• Top 3 Malware Threatening Businesses in Q2 2023 (cybersecuritynews.com)

• Malware Unleashed: Public Sector Hit in Sudden Surge, Reveals New Research (darkreading.com)

• KmsdBot Malware Gets an Upgrade: Now Targets IoT Devices with Enhanced Capabilities (thehackernews.com)

• Japan's JPCERT warns of new 'MalDoc in PDF' attack technique (securityaffairs.com)

• Advanced Malware: Why AI Can't Help All Hackers (inforisktoday.com)

• DarkGate Malware Activity Spikes as Developer Rents Out Malware to Affiliates (thehackernews.com)

• Hackers are now hiding malicious Word documents in PDFs — how to stay safe | Tom's Guide (tomsguide.com)

• DreamBus malware exploits RocketMQ flaw to infect servers (bleepingcomputer.com)

• Kaspersky malware report for Q2 2023 | Securelist

• Microsoft is using malware-like pop-ups in Windows 11 to get people to ditch Google - The Verge

• APT Attacks From 'Earth Estries' Hit Gov't, Tech With Custom Malware (darkreading.com)

• CISA and International Partners Release Malware Analysis Report on Infamous Chisel Mobile Malware | CISA

• SapphireStealer Malware: A Gateway to Espionage and Ransomware Operations (thehackernews.com)

• Battling malware in the industrial supply chain

Mobile

• Kroll's Crypto Breach Highlights SIM-Swapping Risk (darkreading.com)

• This new Android malware can unlock your phone and drain your bank accounts | Tom's Guide (tomsguide.com)

• Privacy Regulator Warns of Surging Number of “Text Pest” Cases - Infosecurity Magazine (infosecurity-magazine.com)

• Is Mobile Hacking Still a Big Threat in 2023? (makeuseof.com)

• New Android MMRat malware uses Protobuf protocol to steal your data (bleepingcomputer.com)

• What Are Overlay Attacks? How Do You Protect Against Them? (makeuseof.com)

• New Android Banking Trojan Targets Southeast Asia Region (inforisktoday.com)

• China-Linked BadBazaar Android Spyware Targeting Signal and Telegram Users (thehackernews.com)

• Five Eyes Report: New Russian Malware Targeting Ukrainian Military Android Devices - Security Week

• Chinese APT Uses Fake Messenger Apps to Spy on Android Users (inforisktoday.com)

• 8 Ways To Boost Your Android Phone's Security (slashgear.com)

Botnets

• Online exclusive: Rise of the botnets (securitymiddleeastmag.com)

Denial of Service/DoS/DDOS

• DDoS attacks rise 40% in Q2 2023, affecting banks, gaming & e-commerce | Security Magazine

BYOD

• BYOD Security Gap: Survey Finds 49% of European Firms Unprotected - Infosecurity Magazine (infosecurity-magazine.com)

Internet of Things – IoT

• KmsdBot Malware Gets an Upgrade: Now Targets IoT Devices with Enhanced Capabilities (thehackernews.com)

• The power of passive OS fingerprinting for accurate IoT device identification - Help Net Security

Data Breaches/Leaks

• Metropolitan Police reports supplier cyber breach | UKAuthority

• UK: Metropolitan Police on red alert after details of officers and staff hacked in massive security breach (databreaches.net)

• Kroll Suffers Data Breach: Employee Falls Victim to SIM Swapping Attack (thehackernews.com)

• American Express admits APAC employees' data leak, blames a third-party payroll service

• National Safety Council data leak: Credentials of NASA, Tesla, DoJ, Verizon, and 2K others leaked by workplace safety organisation (securityaffairs.com)

• Leaseweb is restoring ‘critical’ systems after security breach (bleepingcomputer.com)

• French employment agency Pôle emploi data breach impacted 10M peopleSecurity Affairs

• Mom’s Meals discloses data breach impacting 1.2 million people (bleepingcomputer.com)

• 3 Cryptocurrency Firms Suffer Data Breach After Kroll SIM Swapping Attack - Security Week

• Paramount discloses data breach following security incident (bleepingcomputer.com)

• Another data breach at Forever 21 leaks details of 500,000 current and former employees (bitdefender.com)

• Cost of a data breach 2023: Financial industry impacts (securityintelligence.com)

Organised Crime & Criminal Actors

• Moscow helping cyber criminals operate with 'near impunity': report | The Province

• Hacking gangs launch cyber crime syndicate the Five Families (techmonitor.ai)

• Microsoft weighs in on Russian-led UN cyber crime treaty • The Register

• ‘Billion Dollar Heist’: The Wild Story That Should Have Us All Petrified (thedailybeast.com)

• New Research Exposes Airbnb as Breeding Ground For Cyber Crime - Infosecurity Magazine (infosecurity-magazine.com)

• Microsoft: UN treaty creates 'ideal conditions' for cyber crime (telecomstechnews.com)

• Cyber Criminals use research contests to create new attack methods - Help Net Security

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• Kroll data breach exposes info of FTX, BlockFi, Genesis creditors (bleepingcomputer.com)

• International ransomware gangs are evolving their techniques. The next generation of hackers will target weaknesses in cryptocurrencies (theconversation.com)

Fraud, Scams & Financial Crime

• New Research Exposes Airbnb as Breeding Ground For Cyber Crime - Infosecurity Magazine (infosecurity-magazine.com)

• Classiscam Spreads: $64.5M Scheme Targets 79 Countries - Infosecurity Magazine (infosecurity-magazine.com)

Impersonation Attacks

• Top 5 most abused brands by hackers

• New York Times Spoofed to Hide Russian Disinformation Campaign (darkreading.com)

Deepfakes

• 4 Strategies to Safeguard the Finance Industry Against Deepfake Onslaught (darkreading.com)

Insurance

• Insurers End Tussle Over Ransomware Attack Coverage - Law360 UK

• Delinea Research Reveals a Cyber Insurance Gap (darkreading.com)

• Understand the fine print of your cyber insurance policies - Help Net Security

Supply Chain and Third Parties

• American Express admits APAC employees' data leak, blames a third-party payroll service

• Met should thoroughly investigate cyber security practices, say experts | Evening Standard

Cloud/SaaS

• CrowdStrike CTO: 'Rookie mistakes' are hurting cloud security | TechTarget

• Better SaaS Security Goes Beyond Procurement (darkreading.com)

• How to secure your cloud-based business without cloud-security expertise - Partner Content - Security - iTnews

• Experts Uncover How Cyber Criminals Could Exploit Microsoft Entra ID for Elevated Privilege (thehackernews.com)

• Considerations for Reducing Risk When Migrating to the Cloud (darkreading.com)

Hybrid/Remote Working

• 13% of employees admit to falling for phishing attacks working at home | Security Magazine

Identity and Access Management

• The Rising Tide of Identity-Based Attacks - GovInfoSecurity

Encryption

• Quantum threats loom in Gartner's 2023 Hype Cycle for data security | VentureBeat

• How Quantum Computing Will Impact Cyber Security - Security Week

Passwords, Credential Stuffing & Brute Force Attacks

• National Safety Council data leak: Credentials of NASA, Tesla, DoJ, Verizon, and 2K others leaked by workplace safety organisation (securityaffairs.com)

• Four common password mistakes hackers love to exploit (bleepingcomputer.com)

• Hackers Launch Brute-Force Attack Cisco ASA SSL VPNs (cybersecuritynews.com)

• 3 out of 4 cyber attacks in the education sector are associated with a compromised on premises user or admin account - IT Security Guru

• LogicMonitor customers who didn’t change default passwords were hit by hackers (databreaches.net)

Biometrics

• Police Scotland digital strategy seeks real-time biometrics within 5 years | Biometric Update

• Elon Musk's X to collect biometric data, work and school history - The Japan Times

• Home Office and MoD seeking new facial-recognition tech | Computer Weekly

Social Media

• ICO calls social media firms to protect people's data from scraping (bleepingcomputer.com)

• EU safety laws start to bite for TikTok, Instagram and others - BBC News

• How the EU Digital Services Act affects Facebook, Google and others | Technology sector | The Guardian

• Rising Phishing Scams Impact Small Businesses Relying on Social Media (smallbiztrends.com)

• X Plans to Collect Biometric Data, Job and School History (1) (bloomberglaw.com)

• Anonymous Sudan hacks X to put pressure on Elon Musk over Starlink - BBC News

• Hackers Are Selling Hacked Police Emails to Try to Grab Personal Data From TikTok, Facebook (404media.co)

Training, Education and Awareness

• Can You Spot Phishing Emails? Test Your Awareness With These Quizzes (makeuseof.com)

• Cyber awareness education is a change-management initiative | CSO Online

Cyber Bullying, Cyber Stalking and Sextortion

• Privacy Regulator Warns of Surging Number of “Text Pest” Cases - Infosecurity Magazine (infosecurity-magazine.com)

Regulations, Fines and Legislation

• Pay our ransom instead of a GDPR fine, cyber crime gang tells its targets (therecord.media)

• SEC Probe Targets SolarWinds Executives - DevX

• New law could turn UK into a hacker's playground | Computerworld

• Changes to UK Surveillance Regime May Violate International Law (justsecurity.org)

• EU safety laws start to bite for TikTok, Instagram and others - BBC News

• Draft Cyber Security Audit and Risk Assessment Regulations Issued by CPPA | Mintz - JDSupra

• SEC’s New Cyber Security Rule—Including Key Disclosure Requirements | Smith Gambrell Russell - JDSupra

• Balancing risk and compliance: implications of the SEC’s new cyber security regulations | CSO Online

• Legal Liability for Insecure Software Might Work, but It's Dangerous (darkreading.com)

Models, Frameworks and Standards

• What are the Cyber Security Standards of Basel III? | UpGuard

• Best practices for MITRE ATT&CK(R) mapping. (thecyberwire.com)

• Is the new OWASP API Top 10 helpful to defenders? - Help Net Security

• How international cyber security frameworks can help CISOs | CSO Online

Data Protection

• ICO calls social media firms to protect people's data from scraping (bleepingcomputer.com)

• Are you properly protecting your employees' personal information? | Burr & Forman - JDSupra

• Data Protection: One of These Incidents Is Not Like the Other | Troutman Pepper - JDSupra

• Draft Cyber Security Audit and Risk Assessment Regulations Issued by CPPA | Mintz - JDSupra

Careers, Working in Cyber and Information Security

• Addressing Cyber Security's Talent Shortage & Its Impact on CISOs (darkreading.com)

• Unfilled Cyber Security Positions Threaten the Future of Businesses Everywhere | Inc.com

• How the Talent Shortage Impacts Cyber Security Leadership (securityintelligence.com)

Law Enforcement Action and Take Downs

• Two Men Arrested Following Poland Railway Hacking - Security Week

Privacy, Surveillance and Mass Monitoring

• Police Scotland digital strategy seeks real-time biometrics within 5 years | Biometric Update

• Privacy Regulator Warns of Surging Number of “Text Pest” Cases - Infosecurity Magazine (infosecurity-magazine.com)

• Expert shares stark safety warning over Twitter updates | Tech News | Metro News

Misinformation, Disinformation and Propaganda

• New York Times Spoofed to Hide Russian Disinformation Campaign (darkreading.com)

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

Russia

• 'Five Eyes' nations release technical details of Sandworm malware 'Infamous Chisel' | CyberScoop

• New York Times Spoofed to Hide Russian Disinformation Campaign (darkreading.com)

• NCSC, SBU reveal overt Russian cyber campaign as cyber war continues to evolve | ITPro

• Czech banks hit by Russian cyber attacks – EURACTIV.com

• Cyber security experts lament west’s failure to learn lessons from Ukraine | Financial Times (ft.com)

• Russian 'hybrid' war threatens NATO's eastern flank, Poles warn - Washington Times

• Microsoft weighs in on Russian-led UN cyber crime treaty • The Register

• Five Eyes Report: New Russian Malware Targeting Ukrainian Military Android Devices - Security Week

• Anonymous Sudan hacks X to put pressure on Elon Musk over Starlink - BBC News

• Russian APT Intensifies Cyber Espionage Activities - Infosecurity Magazine (infosecurity-magazine.com)

• CISA and International Partners Release Malware Analysis Report on Infamous Chisel Mobile Malware | CISA

China

• Microsoft signing keys keep getting hijacked, to the delight of Chinese threat actors | Ars Technica

• China-Based APT Flies Under Radar in Espionage Attacks | Decipher (duo.com)

• China-Linked Flax Typhoon Cyber Espionage Targets Taiwan's Key Sectors (thehackernews.com)

• Barracuda flaw: FBI warns customers over ineffective patch | ITPro

• Almost a third of compromised Barracuda ESGs were govt owned • The Register

• James Cleverly's China cyber security talks unlikely to spur change (techmonitor.ai)

• Japan’s cyber security agency suffers months-long breach | Financial Times (ft.com)

• China-Linked BadBazaar Android Spyware Targeting Signal and Telegram Users (thehackernews.com)

• APT Attacks From 'Earth Estries' Hit Gov't, Tech With Custom Malware (darkreading.com)

• Chinese APT Uses Fake Messenger Apps to Spy on Android Users (inforisktoday.com)

North Korea

• Cisco Talos Research: New Lazarus Group Attack Malware Campaign Hits UK & US Businesses (techrepublic.com)

• North Korea’s Lazarus Group hits organisations with two new RATs | CSO Online

• Lazarus Group Debuts Tiny Trojan for Espionage Attacks (databreachtoday.co.uk)

• Cyber Scams Keep North Korean Missiles Flying – Analysis – Eurasia Review

• North Korea’s Lazarus hackers behind recent crypto heists: FBI (therecord.media)

• North Korean hackers behind malicious VMConnect PyPI campaign (bleepingcomputer.com)

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Vulnerability Management

• New law could turn UK into a hacker's playground | Computerworld

• 40% of Log4j Downloads Still Vulnerable (securityintelligence.com)

• How did Clop get its hands on the MOVEit zero day? (therecord.media)

Vulnerabilities

• Cisco fixes 3 high-severity DoS flaws in NX-OS and FXOS software (securityaffairs.com)

• Citrix NetScaler Alert: Ransomware Hackers Exploiting Critical Vulnerability (thehackernews.com)

• Critical Vulnerability Alert: VMware Aria Operations Networks at Risk from Remote Attacks (thehackernews.com)

• Microsoft Teams attack exposes collab platform security gaps | TechTarget

• Barracuda flaw: FBI warns customers over ineffective patch | ITPro

• Barracuda thought it drove 0-day hackers out of customers’ networks. It was wrong. | Ars Technica

• CISA Adds Two Known Exploited Vulnerabilities to Catalog | CISA

• Exploit released for Juniper firewall bugs allowing RCE attacks (bleepingcomputer.com)

• Google Chrome 116's second point update addresses a security issue - gHacks Tech News

• Forminator WordPress Plugin Vulnerability Affects Up To 400,000+ Websites (searchenginejournal.com)

• Threat actors started exploiting Juniper flaws shortly after PoC release (securityaffairs.com)

• Hackers Launch Brute-Force Attack Cisco ASA SSL VPNs (cybersecuritynews.com)

• Splunk Patches High-Severity Flaws in Enterprise, IT Service Intelligence - Security Week

• This WordPress plugin with 5 million users could have a serious security flaw | TechRadar

• Cyber Attackers Swarm OpenFire Cloud Servers With Takeover Barrage (darkreading.com)

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Tools and Controls

• BYOD Security Gap: Survey Finds 49% of European Firms Unprotected - Infosecurity Magazine (infosecurity-magazine.com)

• Why generative AI is a double-edged sword for the cyber security sector | VentureBeat

• Cyber defence makes up majority of cyber security budgets | Security Magazine

• Ransomware hackers dwell time drops to 5 days, RDP still widely used (bleepingcomputer.com)

• Think twice before accepting notifications on Chrome: threats on the rise | Cybernews

• Considerations for Reducing Risk When Migrating to the Cloud (darkreading.com)

• Enterprise dark web monitoring: Why it's worth the investment | TechTarget

• Phishing Simulations Boost Cyber Awareness and Defences | Mimecast

• Is the new OWASP API Top 10 helpful to defenders? - Help Net Security

• Here's What Your Breach Response Plan Might Be Missing (darkreading.com)

• The Middleware Threats to Microsoft's Monopoly | HackerNoon

• Why Traditional Firewalls Are Not Adequate for Your Network Security (makeuseof.com)

• Combining EPP and EDR tools can boost your endpoint security (securityintelligence.com)

• Automated Threat Hunting: AI Helps Spot Shady Network Activity (readwrite.com)

• Detecting the Undetected: The Risk to Your Info (securityintelligence.com)

• National Grid plots ‘honeypots’ to catch hackers as cyber attacks ramp up (telegraph.co.uk)

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Other News

• Cyber attacks reveal threat to democracy (ukdefencejournal.org.uk)

• Hackers Use $30 Gear To Bring Poland's Railways To A Grinding Halt

• When lives rely on equipment, cyber security is essential | Healthcare IT News

• Think twice before accepting notifications on Chrome: threats on the rise | Cybernews

• Rising cyber incidents challenge healthcare organisations - Help Net Security

• Updated Best Practice Playbook for Healthcare Cyber Threats (inforisktoday.com)

• Navigating Legacy Infrastructure: A CISO's Actionable Strategy for Success (thehackernews.com)

• Legal Liability for Insecure Software Might Work, but It's Dangerous (darkreading.com)

• 3 out of 4 cyber attacks in the education sector are associated with a compromised on premises user or admin account - IT Security Guru

• 69% of educational organisations suffered cyber attack in the past year - Netwrix survey

• Claroty's 2023 Global Healthcare Cyber Security Study Exposes Widespread Vulnerabilities And Impact (informationsecuritybuzz.com)

• Out-Of-Office: How To Ensure Cyber Security During Vulnerable Periods (forbes.com)

• Debunking The Top Five Cyber Security Myths (forbes.com)

• Manufacturing firms hit by the worst encryption rate in three years (manufacturing-today.com)

• Cyber Attacks Targeting E-commerce Applications (thehackernews.com)

• Industrial networks need better security as attacks gain scale | ZDNET

• National Grid plots ‘honeypots’ to catch hackers as cyber attacks ramp up (telegraph.co.uk)

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Sector Specific

Industry specific threat intelligence reports are available.

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

·         Automotive

·         Construction

·         Critical National Infrastructure (CNI)

·         Defence & Space

·         Education & Academia

·         Energy & Utilities

·         Estate Agencies

·         Financial Services

·         FinTech

·         Food & Agriculture

·         Gaming & Gambling

·         Government & Public Sector (including Law Enforcement)

·         Health/Medical/Pharma

·         Hotels & Hospitality

·         Insurance

·         Legal

·         Manufacturing

·         Maritime

·         Oil, Gas & Mining

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

·         Retail & eCommerce

·         Small and Medium Sized Businesses (SMBs)

·         Startups

·         Telecoms

·         Third Sector & Charities

·         Transport & Aviation

·         Web3

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As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Black Arrow Cyber Threat Briefing 11 November 2022

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.

Top Cyber Stories of the Last Week

• Research Finds Organisations Lack Tools and Teams to Address Cyber Security Threats

In research conducted in the summer of 2022 by BlackBerry, the findings describe the situation facing organisations regardless of size or vertical.

The survey of 405 senior IT, networking, and security decision-makers in the US, Canada, and the UK revealed 83% of organisations agreed building cyber security programs is expensive due to required tools, licenses, and personnel, and 80% agreed it’s challenging to fill specialised security roles. Most organisations (78%) have an incident management process, but about half (49%) agree they lack the teams and tools to be effective 24x7x365. Evolving security threats (53%) and the task of integrating new technology (53%) are cited as top challenges in maintaining security posture.

While it’s likely these findings surprise no one, they do reveal the challenges facing organisations who are caught between limited resources and increased risk. The urgency increases if we look at the critical infrastructure that keeps things running–like utilities, banks, transportation, key suppliers, industrial controls, and more.

https://www.msspalert.com/cybersecurity-guests/research-finds-organizations-lack-tools-and-teams-to-address-cybersecurity-threats/

• Some 98% of Global Firms Suffer Supply Chain Breach in 2021

Just 2% of global organisations didn’t suffer a supply chain breach last year, with visibility into cyber risk getting harder as these ecosystems expand, according to BlueVoyant.

The security firm polled 2100 C-level execs with responsibility for supply chain and cyber risk management from companies with 1000+ employees to compile its study, The State of Supply Chain Defense: Annual Global Insights Report 2022.

It found the top challenges listed by respondents were:

• Awareness internally that third-party suppliers are part of their cyber security posture

• Meeting regulatory requirements and ensuring third-party cyber security compliance

• Working with third-party suppliers to improve their posture.

Supply chains are growing: the number of firms with over 1000 suppliers increased from 38% in 2021’s report to 50%. Although 53% of organisations audited or reported on supplier security more than twice annually, 40% still rely on suppliers to ensure security levels are sufficient. That means they have no way of knowing if an issue arises with a supplier.

Worse, 42% admitted that if they do discover an issue in their supply chain and inform their supplier, they cannot verify that the issue was resolved. Just 3% monitor their supply chain daily, although the number of respondents using security ratings services to enhance visibility and reduce cyber risk increased from 36% last year to 39% in this year’s report.

With the escalating threat landscape and number of high-profile incidents being reported, firms should focus more strategically on addressing supply chain cyber security risk. In the current volatile economic climate, the last thing any business needs is any further disruption to their operations, any unexpected costs, or negative impact on their brand.

https://www.infosecurity-magazine.com/news/98-global-firms-supply-chain/

• Only 30% of Cyber Insurance Holders Say Ransomware is Covered

Cyber insurance providers appear to be limiting policy coverage due to surging costs from claimants, according to a new study from Delinea.

The security vendor polled 300 US-based IT decision makers to compile its latest report, Cyber insurance: if you get it be ready to use it.

Although 93% were approved for specialised cyber insurance cover by their provider, just 30% said their policy covered “critical risks” including ransomware, ransom negotiations and payments. Around half (48%) said their policy covers data recovery, while just a third indicated it covers incident response, regulatory fines and third-party damages.

That may be because many organisations are regularly being breached and look to their providers for pay-outs, driving up costs for carriers. Some 80% of those surveyed said they’ve had to call on their insurance, and half of these have submitted claims multiple times, the study noted.

As a result, many insurers are demanding that prospective policyholders implement more comprehensive security controls before they’re allowed to sign up.

Half (51%) of respondents said that security awareness training was a requirement, while (47%) said the same about malware protection, AV software, multi-factor authentication (MFA) and data backups.

However, high-level checks may not be enough to protect insurers from surging losses, as they can’t guarantee customers are properly deploying security controls.

Cyber insurance providers need to start advancing beyond simple checklists for security controls. They must require their customers to validate that their security controls work as designed and expected. They need their customers to simulate their adversaries to ensure that when they are attacked, the attack will not result in a breach. In fact, we're already starting to see government regulations and guidance that includes adversary simulation as part of their proactive response to threats.

https://www.infosecurity-magazine.com/news/cyberinsurance-ransomware-cover/

• Companies Hit by Ransomware Often Targeted Again, Research Says

It has been reported that more than a third of companies who paid a ransom to cyber criminals after being hit by a ransomware attack went on to be targeted for a second time, according to a new report.

The Hiscox Cyber Readiness Report found that 36% of companies that made the ransom payment were hit again, while 41% who paid failed to recover all of their data.

The head of the UK’s National Cyber Security Centre (NCSC), Lindy Cameron, said last year that ransomware attacks were the “most immediate danger” to the UK and urged companies to take more steps to protect themselves and their data.

The NCSC urges firms not to pay ransoms as it not only helps fund further crime but offers no guarantee that criminals will return the stolen or locked data. The Hiscox report appeared to back up the NCSC’s warnings, with 43% of the businesses who paid a ransom saying they still had to rebuild their systems while 29% said that despite making the payment their stolen data was still leaked. A further 26% said a ransomware attack had had a significant financial impact on their business.

https://informationsecuritybuzz.com/companies-hit-by-ransomware-often-targeted-again-research-says-and-expert-comments/

• Ransomware Remains Top Cyber Risk for Organisations Globally, Says Allianz

According to an Allianz Global Corporate & Specialty cyber report, ransomware remains a top cyber risk for organisations globally, while the threat of state-sponsored cyber attacks grows.

There were a record 623 million attacks in 2021, which was double that of 2020, says Allianz.

It also notes that despite the frequency reducing 23% globally during H1 of 2022, the year-to-date total still exceeds that of the full years of 2017, 2018 and 2019, while Europe saw attacks surge over this period. Allianz suggests that ransomware is forecast to cause $30bn in damages to organisations globally by 2023.

It adds that from an Allianz perspective, the value of ransomware claims the company was involved in together with other insurers, accounted for well over 50% of all cyber claims costs during 2020 and 2021.

The cyber risk landscape doesn’t allow for any resting on laurels. Ransomware and phishing scams are as active as ever and on top of that there is the prospect of a hybrid cyber war.

Most companies will not be able to evade a cyber threat. However, it is clear that organisations with good cyber maturity are better equipped to deal with incidents. Even when they are attacked, losses are typically less severe due to established identification and response mechanisms.

Many companies still need to strengthen their cyber controls, particularly around IT security trainings, better network segmentation for critical environments and cyber incident response plans and security governance.

Allianz observes that geopolitical tensions, such as the war in Ukraine, are a major factor reshaping the cyber threat landscape as the risks of espionage, sabotage, and destructive cyber-attacks against companies with ties to Russia and Ukraine increase, as well as allies and those in neighbouring countries.

https://www.reinsurancene.ws/ransomware-remains-top-cyber-risk-for-organisations-globally-says-allianz/

• How Geopolitical Turmoil Changed the Cyber Security Threat Landscape

ENISA, EU’s Agency for Cybersecurity, released its annual Threat Landscape report, covering the period from July 2021 up to July 2022.

With more than 10 terabytes of data stolen monthly, ransomware still fares as one of the prime threats in the new report with phishing now identified as the most common initial vector of such attacks. The other threats to rank highest along ransomware are attacks against availability also called Distributed Denial of Service (DDoS) attacks.

However, the geopolitical situations particularly the Russian invasion of Ukraine have acted as a game changer over the reporting period for the global cyber domain. While we still observe an increase of the number of threats, we also see a wider range of vectors emerge such as zero-day exploits and AI-enabled disinformation and deepfakes. As a result, more malicious and widespread attacks emerge having more damaging impact.

EU Agency for Cybersecurity Executive Director, Juhan Lepassaar stated that “Today’s global context is inevitably driving major changes in the cyber security threat landscape. The new paradigm is shaped by the growing range of threat actors. We enter a phase which will need appropriate mitigation strategies to protect all our critical sectors, our industry partners and therefore all EU citizens.”

State sponsored, cyber crime, hacker-for-hire actors and hacktivists remain the prominent threat actors during the reporting period of July 2021 to July 2022.

ENISA sorted threats into 8 groups. Frequency and impact determine how prominent all of these threats still are.

• Ransomware: 60% of affected organisations may have paid ransom demands

• Malware: 66 disclosures of zero-day vulnerabilities observed in 2021

• Social engineering: Phishing remains a popular technique but we see new forms of phishing arising such as spear-phishing, whaling, smishing and vishing

• Threats against data: Increasing in proportionally to the total of data produced

• Disinformation – misinformation: Escalating AI-enabled disinformation, deepfakes and disinformation-as-a-service

• Supply chain targeting: Third-party incidents account for 17% of the intrusions in 2021 compared to less than 1% in 2020

• Threats against availability:

  • Largest denial of service (DDoS) attack ever was launched in Europe in July 2022

  • Internet: destruction of infrastructure, outages and rerouting of internet traffic.

https://www.helpnetsecurity.com/2022/11/08/cybersecurity-threat-landscape-2022/

• Swiss Re Wants Government Bail Out as Cyber Crime Insurance Costs Spike

As insurance companies struggle to stay afloat amid rising cyber claims, Swiss Re has recommended a public-private partnership insurance scheme with one option being a government-backed fund to help fill the coverage gap.

Global cyber insurance premiums hit $10 billion in 2021, according to Swiss Re's estimates. In a study published this week, the insurance giant forecasted 20 percent annual growth to 2025, with premiums rising to $23 billion over the next few years.

Meanwhile, annual cyber attack-related losses total about $945 billion globally, and about 90% of that risk remains uninsured, according to insurance researchers at the Geneva Association.

While Forrester estimates a typical data breach costs an average $2.4 million for investigation and recovery, only 55 percent of companies currently have cyber insurance policies. Additionally, less than 20 percent have coverage limits in excess of $600,000, which the analyst firm cites as the median ransomware demand in 2021.

https://www.theregister.com/2022/11/08/government_cyber_insurance/

• Extortion Economics: Ransomware's New Business Model

Ransomware-as-a-service lowers the barriers to entry, hides attackers’ identities, and creates multitier, specialised roles in service of ill-gotten gains.

Did you know that more than 80% of ransomware attacks can be traced to common configuration errors in software and devices? This ease of access is one of many reasons why cyber criminals have become emboldened by the underground ransomware economy.

And yet many threat actors work within a relatively small and interconnected ecosystem of players. This pool of cyber criminals has created specialised roles and consolidated the cyber crime economy, fuelling ransomware-as-a-service (RaaS) to become the dominant business model. In doing so, they've enabled a wider range of criminals to deploy ransomware regardless of their technical expertise and forced all of us to become cyber security defenders in the process.

Ransomware takes advantage of existing security compromises to gain access to internal networks. In the same way businesses hire gig workers to cut costs, cyber criminals have turned to renting or selling their ransomware tools for a portion of the profits rather than performing the attacks themselves.

This flourishing RaaS economy allows cyber criminals to purchase access to ransomware payloads and data leakage, as well as payment infrastructure. What we think of as ransomware gangs are actually RaaS programs like Conti or REvil, used by the many different actors who switch between RaaS programs and payloads.

RaaS lowers the barrier to entry and obfuscates the identity of the attackers behind the ransoming. Some programs can have 50 or more "affiliates," as they refer to their users, with varying tools, tradecraft, and objectives. Anyone with a laptop and credit card who is willing to search the Dark Web for penetration-testing tools or out-of-the-box malware can join this maximum efficiency economy.

https://www.darkreading.com/microsoft/extortion-economics-ransomware-s-new-business-model

• Confidence in Data Recovery Tools Low

A recent IDC and Druva survey asked 505 respondents across 10 industries about their ransomware experiences and found that many organisations struggle to recover after an attack. In the survey, 85% of the respondents said their organisations had a ransomware recovery plan. The challenge seems to lie in effectively executing that plan.

"A majority of organisations suffered significant consequences from ransomware attacks including long recoveries and unrecoverable data despite paying a ransom," states the "You Think Ransomware Is Your Only Problem? Think Again" report.

Data resiliency is such an important element of cyber security that 96% of respondents considered it a top priority for their organisations, with a full 77% placing it in the top 3. What's striking about the survey results is that only 14% of respondents said they were "extremely confident" in their tools, even though 92% called their data resiliency tools "efficient" or "highly efficient."

When data is spread across hybrid, cloud, and edge environments, data resiliency becomes much more complicated. A plan might seem to cover everything, but then you realise that you lost your backup or can't find the latest restore point.

The ability to recover from an attack is vital, since the growth in ransomware makes it likely that your organisation will get hit. This is why agencies like NIST recommend preparing for when an attacker pierces your defences rather than trying to keep out every intruder. That mindset also shifts the priority to preparation and planning; you need to create a disaster recovery plan that includes policy on restore points and recovery tools — and you need to practice implementing that plan before disaster strikes.

The report lists three key performance indicators that reveal the success of an organisation's recovery from a cyber attack:

• The ability to fully recover encrypted or deleted data without paying a ransom.

• Zero data loss in the process of recovering the data.

• Rapid recovery as defined by applicable service-level requirements.

When a recovery fails to meet these criteria, then the organisation may suffer financial loss, loss of reputation, permanently lost customers, and reduced employee productivity.

https://www.darkreading.com/tech-trends/confidence-in-data-recovery-tools-low

• Russia’s Sway Over Criminal Ransomware Gangs Is Coming into Focus

Russia-based ransomware gangs are some of the most prolific and aggressive, in part thanks to an apparent safe harbour the Russian government extends to them. The Kremlin doesn't cooperate with international ransomware investigations and typically declines to prosecute cyber criminals operating in the country so long as they don't attack domestic targets. A long-standing question, though, is whether these financially motivated hackers ever receive directives from the Russian government and to what extent the gangs are connected to the Kremlin's offensive hacking. The answer is starting to become clearer.

New research presented at the Cyberwarcon security conference in Arlington, Virginia, this week looked at the frequency and targeting of ransomware attacks against organisations based in the United States, Canada, the United Kingdom, Germany, Italy, and France in the lead-up to these countries' national elections. The findings suggest a loose but visible alignment between Russian government priorities and activities and ransomware attacks leading up to elections in the six countries.

The project analysed a data set of over 4,000 ransomware attacks perpetrated against victims in 102 countries between May 2019 and May 2022. The analysis showed a statistically significant increase in ransomware attacks from Russia-based gangs against organisations in the six victim countries ahead of their national elections. These nations suffered the most total ransomware attacks per year in the data set, about three-quarters of all the attacks.

The data was used to compare the timing of attacks for groups believed to be based out of Russia and groups based everywhere else. They looked at the number of attacks on any given day, and what they found was an interesting relationship where for these Russia-based groups, there was an increase in the number of attacks starting four months before an election and moving three, two, one month in, up to the event.

The findings showed broadly that non-Russian ransomware gangs didn't have a statistically significant increase in attacks in the lead-up to elections. Whereas two months out from a national election, for example, the researchers found that organisations in the six top victim countries were at a 41 percent greater chance of having a ransomware attack from a Russia-based gang on a given day, compared to the baseline.

https://www.wired.com/story/russia-ransomware-gang-connections/

• Insider Risk on the Rise: 12% of Employees Take IP When Leaving Jobs

Twelve percent of all employees take sensitive intellectual property (IP) with them when they leave an organisation.

The data comes from workforce cyber intelligence and security company Dtex, which published a report about top insider risk trends for 2022. “Customer data, employee data, health records, sales contacts, and the list goes on,” reads the document. “More and more applications are providing new features that make data exfiltration easier. For example, many now provide the ability to maintain clipboard history and sync across multiple devices.”

Case in point, the report also suggests a 55% increase in unsanctioned application usage, including those making data exfiltration easier by allowing users to maintain clipboard history and sync IP across multiple devices. “Bring Your Own Applications (BYOA) or Shadow IT can be a source of intelligence for business innovation,” Dtex wrote. “Still, they pose a major risk if the security team has not tested these tools thoroughly.”

Further, the new data highlight a 20% increase in resignation letter research and creation from employees taking advantage of the tight labour market to switch positions for higher wages.

“In most cases, an individual planning to leave the business is not pleased with the company’s product, co-workers, work environment, or compensation,” reads the report. “Disgruntled employees are usually jaded by a business that has not shown any steps to alleviate concerns, even after communication attempts.”

Finally, the Dtex report says the industry has witnessed a 200% increase in unsanctioned third-party work on corporate devices from a high prevalence of employees engaged in side gigs.

https://www.infosecurity-magazine.com/news/12-of-employees-take-ip-when/

• Why a Clear Cyber Policy is Critical for Companies

In October, Joe Sullivan, Uber’s former head of security, was convicted of covering up a 2016 data breach at the ride hailing giant by hiding details from US regulators and then paying off the hackers.

It was a trial followed nervously by cyber security professionals around the world — coming eight years after an incident that had compromised the personal information of more than 57mn people.

“Any news about another company dealing with a data security incident can strike a bit of fear across industries,” notes Mary Pothos, chief privacy officer at digital travel company Booking.com. She adds that incidents like these cause “many companies to pause, rethink or revisit their internal processes to make sure that they are operating effectively”.

These incidents, and threats, are growing at lightning speed, too. War in Ukraine is now being played out as much in cyber space as on the battlefield. The Covid pandemic has forced businesses to rethink where their employees work, and handle or access data. At the same time, the sheer number of web-connected devices is multiplying.

“We need to be people who can predict what is coming along the line, predict the future, almost” said Victor Shadare, head of cyber security at media company Condé Nast, at a recent FT event on cyber security.

Palo Alto Networks, a specialist security company, found that cyber extortion grew rapidly in 2021. Some 35 new ransomware gangs emerged, the average ransom demand increasing 144 per cent that year to $2.2mn, and the average payment rose by 78 per cent to $541,010.

Meanwhile, cyber security personnel have found themselves hemmed in by increasingly onerous regulations. These include threats of legal action if the right people are not informed about breaches, or if products come to market that are not safe enough. On September 15, for example, the European Commission presented a proposal for a new Cyber Resilience Act to protect consumers from products with inadequate security features.

“New domains of security have sprung up over the past years, so it’s not just an information technology problem any more, it’s really a full company risk issue,” says Kevin Tierney, vice-president of global cyber security at automotive group General Motors. He warns that automated and connected vehicles have thrown up additional threats to be addressed.

“You have to start out with the right governance structure and the right policies and procedures — that’s step one of really getting the company to understand what it needs to do,” he says. These include clear rules on how to disable access to tech equipment, on data protection and storage, on transferring and disposing of data, on using corporate networks, and on reporting any data breaches.

Security experts also tend to agree that there need to be robust systems of governance and accountability, to prevent the sort of trouble that befell Sullivan at Uber. Perhaps most crucially, staff across the organisation, from C-suite to assistants, need to know how to spot and manage a threat.

https://www.ft.com/content/0bb6df09-7d77-4605-aac3-89443ed65a18

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Threats

Ransomware and Extortion

• Medibank: Hackers release abortion data after stealing Australian medical records - BBC News

• Medical data hacked from 10m Australians begins to appear on dark web | World news | The Guardian

• HSE cyber attack: More than 100,000 people whose personal data stolen to be contacted – The Irish Times

• How ransomware gangs and malware campaigns are changing - Help Net Security

• Thales confirms hackers have released its data on the dark web | Reuters

• More NHS dentists could be forced to close after major cyber attack leaves some nearing financial ruin (inews.co.uk)

• Most SMBs Fear Ransomware Attack Amid Heightened Geopolitical Tensions - MSSP Alert

• Australia to consider banning paying of ransoms to cyber criminals | Reuters

• LockBit gang claims to have stolen data from Kearney & Company - Security Affairs

• Azov Ransomware is a wiper, destroying data 666 bytes at a time (bleepingcomputer.com)

• Ransomware Gang Offers to Sell Files Stolen From Continental for $50 Million | SecurityWeek.Com

• Canadian food retail giant Sobeys hit by Black Basta ransomware (bleepingcomputer.com)

• LockBit affiliate uses Amadey Bot malware to deploy ransomware (bleepingcomputer.com)

• Man Arrested in Ontario For Alleged LockBit Ransomware Involvement - Infosecurity Magazine (infosecurity-magazine.com)

• Russia-linked IRIDIUM APT linked to Prestige ransomware attacks against Ukraine - Security Affairs

• Conti Affiliates Black Basta, BlackByte Continue to Attack Critical Infrastructure - Infosecurity Magazine (infosecurity-magazine.com)

• US Health Dept warns of Venus ransomware targeting healthcare orgs (bleepingcomputer.com)

• Ransomware attacks on hospitals take toll on patients (nbcnews.com)

• Hackers post Hereford schoolchildren's data records on dark web | Hereford Times

• CISA and Spain Partnership to Develop Tool to Help Countries Combat Ransomware - MSSP Alert

Phishing & Email Based Attacks

• What is no-hook phishing? | IT PRO

• Phishing threats are increasingly convincing and evasive - Help Net Security

• Robin Banks phishing-as-a-service platform continues to evolve - Security Affairs

• Phishing drops IceXLoader malware on thousands of home, corporate devices (bleepingcomputer.com)

• Massive Phishing Campaigns Target India Banks’ Clients (trendmicro.com)

BEC – Business Email Compromise

• Instagram star gets 11 years for $300m BEC conspiracy • The Register

Malware

• Advanced RAT AgentTesla Most Prolific Malware in October - Infosecurity Magazine (infosecurity-magazine.com)

• Phishing drops IceXLoader malware on thousands of home, corporate devices (bleepingcomputer.com)

• Cloud9 Malware Offers a Paradise of Cyber attack Methods (darkreading.com)

• More malware is being hidden in PNG images, so watch out | TechRadar

• Attackers Using IPFS for Distributed, Bulletproof Malware Hosting | SecurityWeek.Com

• Malicious extension lets attackers control Google Chrome remotely (bleepingcomputer.com)

• New hacking group uses custom 'Symatic' Cobalt Strike loaders (bleepingcomputer.com)

• New StrelaStealer malware steals your Outlook, Thunderbird accounts (bleepingcomputer.com)

Mobile

• 5 Common Smartphone Security Myths, Debunked (makeuseof.com)

• Oh, look: More malware in the Google Play store • The Register

• Malicious app in the Play Store spotted distributing Xenomorph Banking Trojan - Security Affairs

• Malicious droppers on Google Play deliver banking malware to victims - Help Net Security

• Samsung phones are being targeted by some seriously shady zero-days | TechRadar

• Vultur Android Banking Trojan Reaches 100,000+ Downloads on Google Play Store - Infosecurity Magazine (infosecurity-magazine.com)

• New BadBazaar Android malware linked to Chinese cyber spies (bleepingcomputer.com)

• Worok hackers hide new malware in PNGs using steganography (bleepingcomputer.com)

Internet of Things – IoT

• Cyber security 'Nutrition' Labels Still a Work in Progress (darkreading.com)

• Knock, Knock: Aiphone Bug Allows Cyber attackers to Literally Open (Physical) Doors (darkreading.com)

Organised Crime & Criminal Actors

• Cyberwar and Cyber crime Go Hand in Hand (darkreading.com)

• An initial access broker claims to have hacked Deutsche Bank - Security Affairs

• Cyber crime costs to hit $10.5tn by 2025 hears Saudi forum - Arabian Business

• 4 Types of Cyber Crime Groups (trendmicro.com)

• Cyber crime Group OPERA1ER Stole $11M From 16 African Businesses (darkreading.com)

• Instagram star gets 11 years for $300m BEC conspiracy • The Register

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• FTX says it is probing ‘abnormal transactions’ after potential hack | Financial Times

• Kraken's CSO Claims To Have Identified The $600 Million FTX Hacker (coingape.com)

Insider Risk and Insider Threats

• The 'Great Resignation' Caused Insider Threats to Peak in Q3 2022, Kroll Finds - Infosecurity Magazine (infosecurity-magazine.com)

Fraud, Scams & Financial Crime

• Fifth Of 18 To 34-year-olds Have Fallen Victim To Financial Scams – Information Security Buzz

• Ukrainian Cyber Cops Bust $200m Fraud Ring - Infosecurity Magazine (infosecurity-magazine.com)

• Retail Sector Prepares for Annual Holiday Cyber crime Onslaught (darkreading.com)

• Online payment fraud is evolving - Help Net Security

• US seized 18 web domains used for recruiting money mules (bleepingcomputer.com)

Insurance

• Rising cost of cyber attacks sends insurance policy charges soaring | Financial Times (ft.com)

• Just 25% of businesses are insured against cyber attacks. Here's why (theconversation.com)

• Re-Focusing Cyber Insurance with Security Validation (thehackernews.com)

• Swiss Re: Cyber-Insurance Industry Must Reform - Infosecurity Magazine (infosecurity-magazine.com)

Dark Web

• DoJ seizes $3.36B Bitcoin from Silk Road hacker - Security Affairs

• Silk Road drugs market hacker pleads guilty, faces 20 years inside – Naked Security (sophos.com)

Supply Chain and Third Parties

• Evolving From Third-Party Risk Management To The Extended Enterprise – Information Security Buzz

Hybrid Working

• Remote work pushes video conferencing security to the fore - Help Net Security

Attack Surface Management

• Managing and Mitigating Risk From Unknown Unknowns (darkreading.com)

Identity and Access Management

• A Better Way to Resist Identity-Based Cyber Threats (darkreading.com)

API

• Top 5 API Security Myths That Are Crushing Your Business (thehackernews.com)

Passwords, Credential Stuffing & Brute Force Attacks

• Microsoft Password Hacking Increase – Information Security Buzz

• False sense of safety undermines good password hygiene - Help Net Security

• Password-hacking attacks are on the rise. Here's how to stop your accounts from being stolen | ZDNET

Social Media

• Twitter C-Level Resignations Continue As Blue Program Creates New Cyber-Risks - Infosecurity Magazine (infosecurity-magazine.com)

• Twitter blue check unavailable after impostor accounts erupt on platform | Twitter | The Guardian

• Twitter chief information security officer Lea Kissner departs | TechCrunch

Privacy, Surveillance and Mass Monitoring

• World Cup apps pose a data security and privacy nightmare • The Register

• Surveillance 'Existential' Danger of Tech: Signal Boss | SecurityWeek.Com

Regulations, Fines and Legislation

• SEC Announces 'Enforcement Action' For SolarWinds Over 2020 Hack - Infosecurity Magazine (infosecurity-magazine.com)

• Experian, T-Mobile fined $16m for spilling 18m people's data • The Register

Careers, Working in Cyber and Information Security

• Three million empty seats: What can we do about the cyber skills shortage? (computerweekly.com)

• Cyber security, cloud and coding: Why these three skills will lead demand in 2023 | ZDNET

• Cyber security leaders want to quit. Here's what is pushing them to leave | ZDNET

Law Enforcement Action and Take Downs

• DoJ seizes $3.36B Bitcoin from Silk Road hacker - Security Affairs

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

• Cyberwar and Cyber crime Go Hand in Hand (darkreading.com)

• Red Cross seeks digital equivalent of its emblems • The Register

• Russia’s New Cyberwarfare in Ukraine Is Fast, Dirty, and Relentless | WIRED

• EU calls for joint cyber defence in response to Russia • The Register

• Nation-State Hacker Attacks on Critical Infrastructure Soar: Microsoft | SecurityWeek.Com

• What Ukraine’s cyber defence tactics can teach other nations | Financial Times (ft.com)

• Russia-linked IRIDIUM APT linked to Prestige ransomware attacks against Ukraine - Security Affairs

• APT29 abused Windows Credential Roaming in attacks - Security Affairs

• Android RAT Group Targets Indian Defence Personnel - Infosecurity Magazine (infosecurity-magazine.com)

• Dutch MEP says illegal spyware ‘a grave threat to democracy’ | European Commission | The Guardian

• Greece Is Banning Spyware After Predator Phone-Tapping Scandal (gizmodo.com)

• British embassy security guard David Smith admits spying for Russia - BBC News

Nation State Actors

Nation State Actors – Russia

• EU calls for joint cyber defence in response to Russia • The Register

• Ukraine war: Russians kept in the dark by internet search - BBC News

• Microsoft links Russia’s military to cyber attacks in Poland and Ukraine | Ars Technica

• Putin ally Yevgeny Prigozhin admits interfering in US elections | Russia | The Guardian

• Russia-linked IRIDIUM APT linked to Prestige ransomware attacks against Ukraine - Security Affairs

Nation State Actors – China

• New BadBazaar Android malware linked to Chinese cyber spies (bleepingcomputer.com)

Nation State Actors – Misc

• Microsoft: Nation-state threats, zero-day attacks increasing (techtarget.com)

Vulnerability Management

• Why CVE Management as a Primary Strategy Doesn't Work (darkreading.com)

• Why it's time to review your Microsoft patch management options | CSO Online

• Risk-Based Vulnerability Management: Understanding the RBVM Trend (darkreading.com)

• How can CISOs catch up with the security demands of their ever-growing networks? - Help Net Security

• Microsoft: Nation-state threats, zero-day attacks increasing (techtarget.com)

• Types of vulnerability scanning and when to use each (techtarget.com)

Vulnerabilities

• Microsoft November 2022 Patch Tuesday fixes 6 exploited zero-days, 68 flaws (bleepingcomputer.com)

• VMware fixes three critical auth bypass bugs in remote access tool (bleepingcomputer.com)

• Citrix ADC and Citrix Gateway are affected by a critical auth bypass - Security Affairs

• Cisco Patches 33 Vulnerabilities in Enterprise Firewall Products | SecurityWeek.Com

• Microsoft Patches MotW Zero-Day Exploited for Malware Delivery | SecurityWeek.Com

• Apple out-of-band patches fix RCE bugs in iOS and macOS - Security Affairs

• Microsoft fixes ProxyNotShell Exchange zero-days exploited in attacks (bleepingcomputer.com)

• SAP Patches Critical Vulnerabilities in BusinessObjects, SAPUI5 | SecurityWeek.Com

• Lenovo driver goof poses security risk for users of 25 notebook models | Ars Technica

• Foxit Patches Several Code Execution Vulnerabilities in PDF Reader | SecurityWeek.Com

• LiteSpeed Vulnerabilities Can Lead to Complete Web Server Takeover | SecurityWeek.Com

Reports Published in the Last Week

• 2022 Cloud Data Security Report - Help Net Security

• Report on DDoS attacks in Q3 2022 | Securelist

• Cyber security Trends Report: Check Point Software Predicts Hikes in Hacking and Exploits - MSSP Alert

• Data Security Trust is Down, Anxiety is Up, Rubrik Zero Labs Reports - MSSP Alert

Other News

• Majority of Security Managers Lack Threat Intelligence Skills - Infosecurity Magazine (infosecurity-magazine.com)

• What Is Threat Hunting? A Definition for MSPs and Channel Partners - MSSP Alert

• Cyber security: These are the new things to worry about in 2023 | ZDNET

• Cyber Professionals Now Tasked with Securing Society, Says Mikko Hyppönen - Infosecurity Magazine (infosecurity-magazine.com)

• Corporations Confident in Data Protection Programs but Scrutiny is Lacking, New Report Finds - MSSP Alert

• What We Really Mean When We Talk About ‘Cyber security’ (darkreading.com)

• Personal cyber security is now a company problem - Help Net Security

• History of Computer Viruses & Malware | What Was Their Impact? (esecurityplanet.com)

• 5 Reasons to Consolidate Your Tech Stack (thehackernews.com)

• Attacks on Microsoft SQL have seen a huge rise | TechRadar

• Cookies for MFA Bypass Gain Traction Among Cyber attackers (darkreading.com)

• 2FA, 3FA, MFA… What does it all mean? - Help Net Security

• Qatar World Cup Firms Urged to Upgrade Cyber-Threat Model - Infosecurity Magazine (infosecurity-magazine.com)

• Common lateral movement techniques and how to prevent them (techtarget.com)

• Beyond the Pen Test: How to Protect Against Sophisticated Cyber criminals (darkreading.com)

• Red, purple, or blue? When it comes to offensive security operations, it’s not just about picking one colour - Help Net Security

• 5 ways to overcome multifactor authentication vulnerabilities (techtarget.com)

• The security dilemma of data sprawl - Help Net Security

• 15,000 sites hacked for massive Google SEO poisoning campaign (bleepingcomputer.com)

• Unencrypted Traffic Still Undermining Wi-Fi Security (darkreading.com)

• Researchers Devise Wi-Peep Drone That Can 'See Through Walls' (gizmodo.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 16 September 2022

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.

Top Cyber Stories of the Last Week

• CFOs’ Overconfidence in Cyber Security Can Cost Millions

Kroll announced its report entitled ‘Cyber Risk and CFOs: Over-Confidence is Costly’ which found chief financial officers (CFOs) to be woefully in the dark regarding cyber security, despite confidence in their company’s ability to respond to an incident.

The report, conducted by StudioID of Industry Dive, exposed three key themes among the 180 senior finance executives surveyed worldwide:

1. Ignorance is bliss. Eighty-seven percent of CFOs are either very or extremely confident in their organisation’s cyber attack response. This is at odds with the level of visibility CFOs have into cyber risk issues, given only four out of 10 surveyed have regular briefings with their cyber teams.

2. Wide-ranging damages. 71% of the represented organisations suffered more than $5 million in financial losses stemming from cyber incidents in the previous 18 months, and 61% had suffered at least three significant cyber incidents in that time. Eighty-two percent of the executives in the survey said their companies suffered a loss of 5% or more in their valuations following their largest cyber security incident in the previous 18 months.

3. Increasing investment in cyber security. Forty-five percent of respondents plan to increase the percentage of their overall IT budget dedicated to information security by at least 10%.

According to Kroll: “We often see that CFOs are not aware enough of the financial risk presented by cyber threats until they face an incident. At that point, it’s clear that they need to be involved not only in the recovery, including permitting access to emergency funds and procuring third-party suppliers, but also in the strategy and investment around cyber both pre- and post-incident.”

“Ultimately, cyber attacks represent a financial risk to the business, and incidents can have a significant impact on value. It is, therefore, critical that this is included in wider business risk considerations. A CFO and CISO should work side-by-side, helping the business navigate the operational and financial risk of cyber.”

https://www.helpnetsecurity.com/2022/09/14/cfos-cybersecurity-confidence/

• Cyber Security Outflanks Inflation, Talent, Logistics in Business Worries

Nearly six in 10 IT leaders in a new study view cyber security as their top business concern, ranking it higher than inflation, retaining talent and supply chain/logistics management.

Less than half of respondents (43%) believe their critical data and assets are protected from cyber threats despite increased cyber security investments by their organisations, greater board visibility and increased collaboration between the security team and the C-suite, Rackspace said in its new survey of 1,420 IT professionals worldwide.

The multi-cloud technology services specialist said that a “large majority” of the survey respondents report being either unprepared or only “somewhat prepared” to respond to major threats, such as identifying and mitigating threats and areas of concern (62%), recovering from cyber attacks (61%) or preventing lapses and breaches (63%).

Cloud native security is where organisations are most likely to rely on an outside partner, such as a managed security service provider, for expertise.

Here are more of the survey’s findings:

• The top three cyber security challenges their organisation is facing: migrating and operating apps (45%); shortage of workers with cyber security skills (39%); lack of visibility of vulnerabilities across all infrastructure (38%).

• 70% of survey respondents report that their cyber security budgets have increased over the past three years.

• The leading recipients of new investment are cloud native security (59%); data security (50%), consultative security services (44%); and application security (41%).

• Investments align closely with the areas where organisations perceive their greatest concentration of threats, led by network security (58%), closely followed by web application attacks (53%) and cloud architecture attacks (50%).

• 70% of respondents said there has been an increase in board visibility for cyber security over the past five years, while 69% cite better collaboration between the security team and members of the C-suite.

• Only 13% of respondents said there were significant communications gaps between the security team and C-suite, while 69% of IT executives view their counterparts in the C-suite as advocates for their concerns.

The authors stated “We are seeing a major shift in how organisations are allocating resources to address cyber threats, even as budgets increase. The cloud brings with it a new array of security challenges that require new expertise, and often reliance on external partners who can help implement cloud native security tools, automate security, provide cloud native application protection, offer container security solutions and other capabilities”.

https://www.msspalert.com/cybersecurity-research/cybersecurity-outflanks-inflation-talent-logistics-in-business-worries-rackspace-research/

• Attackers Can Compromise Most Cloud Data in Just 3 Steps

An analysis of cloud services finds that known vulnerabilities typically open the door for attackers, while insecure cloud architectures allow them to gain access to the crown jewels.

Companies and their cloud providers often leave vulnerabilities open in their system and services, gifting attackers with an easy path to gain access to critical data.

According to an Orca Security analysis of data collected from major cloud services, attackers only need on average three steps to gain access to sensitive data, the so-called "crown jewels," starting most often — in 78% of cases — with the exploitation of a known vulnerability.

While much of the security discussion has focused on the misconfigurations of cloud resources by companies, cloud providers have often been slow to plug vulnerabilities.

The key is to fix the root causes, which is the initial vector, and to increase the number of steps that they attacker needs to take. Proper security controls can make sure that even if there is an initial attack vector, you are still not able to reach the crown jewels.

The report analysed data from Orca's security research team using data from a "billions of cloud assets on AWS, Azure, and Google Cloud," which the company's customers regularly scan. The data included cloud workload and configuration data, environment data, and information on assets collected in the first half of 2022.

https://www.darkreading.com/cloud/cyberattackers-compromise-most-cloud-data-3-steps

• Cyber Insurance Premiums Soar 80% As Claims Surge

Cyber insurance premiums have soared in the past year as claims surged in response to a rise in damaging attacks by hackers.

The cost of taking out cyber cover had doubled on average every year for the past three years, said global insurance broker Marsh. Honan Group, another broker, pointed to an 80 per cent rise in premiums in the past 12 months, following a 20 per cent increase in the cost of cover in each of the previous two years.

Brokers are calling cyber “the new D&O”, referring to sharp rises in directors and officers insurance premiums since 2018. Brokers were hopeful premiums would ease, but have warned insurers would continue to demand companies prove they had strong security systems and policies in place before agreeing to sell them insurance.

There’ll be a number of insurance companies that won’t even look at a business that doesn’t have a bunch of security measures in place. They’ll just turn around and say, ‘we’re not going to insure you’. The chief reason for the price rises is the increase in the number and size of claims relating to ransomware, where criminals use malicious software to block access to an organisation’s computer system until a sum of money is paid. In addition, some insurers left the market, while remaining players attempted to recoup the cost of under-priced contracts written in previous years.

The rise in the premiums is mainly due to ransomware and cyber attacks across the board have risen sharply over the past few years.

https://www.afr.com/work-and-careers/management/cyber-insurance-premiums-soar-80pc-as-claims-surge-20220908-p5bglo

• One In 10 Employees Leaks Sensitive Company Data Every 6 Months

Departing employees are most likely to leak sensitive information to competitors, criminals or the media in exchange for cash.

Insider threats are an ongoing menace that enterprise security teams need to handle. It's a global problem but especially acute in the US, with 47 million Americans quitting their jobs in 2021. The threat of ex-employees taking sensitive information to competitors, selling it to criminals in exchange for cash, and leaking files to media is making data exfiltration a growing concern. 

About 1.4 million people who handle sensitive information in their organisation globally were tracked over the period from January to June 30 this year by cyber security firm Cyberhaven to find out when, how and who is involved in data exfiltration.

On average, 2.5% of employees exfiltrate sensitive information in a month, but over a six-month period, nearly one in 10, or 9.4% of employees, do so, Cyberhaven noted in its report. Data exfiltration incidents occur when data is transferred outside the organisation in unapproved ways.

Among employees that exfiltrated data, the top 1% most prolific “super stealers” were responsible for 7.7% of incidents, and the top 10% were responsible for 34.9% of incidents.

North America accounted for the highest number of incidents at 44%, followed by the Asia Pacific region at 27%. Europe, the Middle East, and Africa accounted for 24% of incidents while 5% of incidents were recorded in South America.

https://www.csoonline.com/article/3673260/one-in-10-employees-leaks-sensitive-company-data-every-6-months-report.html#tk.rss_news

• Business Application Compromise and the Evolving Art of Social Engineering

Social engineering is hardly a new concept, even in the world of cyber security. Phishing scams alone have been around for nearly 30 years, with attackers consistently finding new ways to entice victims into clicking a link, downloading a file, or providing sensitive information.

Business email compromise (BEC) attacks iterated on this concept by having the attacker gain access to a legitimate email account and impersonate its owner. Attackers reason that victims won't question an email that comes from a trusted source — and all too often, they're right.

But email isn't the only effective means cyber criminals use to engage in social engineering attacks. Modern businesses rely on a range of digital applications, from cloud services and VPNs to communications tools and financial services. What's more, these applications are interconnected, so an attacker who can compromise one can compromise others, too. Organisations can't afford to focus exclusively on phishing and BEC attacks — not when business application compromise (BAC) is on the rise.

https://www.darkreading.com/vulnerabilities-threats/business-application-compromise-the-evolving-art-of-social-engineering

• SMBs Are Hardest-Hit By Ransomware

Coalition announced the mid-year update to its 2022 Cyber Claims Report detailing the evolution of cyber trends, revealing that small businesses have become bigger targets, overall incidents are down, and ransomware attacks are declining as demands go unpaid.

During the first half of 2022, the average cost of a claim for a small business owner increased to $139,000, which is 58% higher than levels during the first half of 2021.

“Across industries, we continue to see high-profile attacks targeting organisations with weak or exposed infrastructure — which has become exacerbated by today’s remote working culture and companies’ dependence on third-party vendors,” said Coalition’s Head of Claims.

“Small businesses are especially vulnerable because they often lack resources. For these businesses, avoiding downtime and disruption is essential, and they must understand that Active Insurance is accessible.”

The good news: both Coalition and the broader insurance industry observed a decrease in ransomware attack frequency and the amount of ransom demanded between the second half of 2021 and the first half of 2022. Ransomware demands decreased from $1.37M in H2 2021 to $896,000 in H1 2022.

“Organisations are increasingly aware of the threat ransomware poses. They have started to implement controls such as offline data backups that allow them to refuse to pay the ransom and restore operations through other means,” said Coalition’s Head of Incident Response. “As ransomware is on the decline, attackers are turning to reliable methods. Phishing, for example, has skyrocketed – and only continues to grow.”

https://www.helpnetsecurity.com/2022/09/15/small-businesses-ransomware-targets/

• 65% Say Legacy Backup Solutions Aren’t Up To Ransomware Challenges

HYCU researchers are reporting 65% of respondents lack full confidence in their legacy backup solutions (HYCU is a multi-cloud backup-as-a-service provider).

According to the report, 65% of surveyed enterprise organisations are increasing spending on detection, prevention and recovery, and respondents are beginning to understand that air-gapped or immutable backups are the only ways to ensure that the backups themselves don’t fall prey to encryption worms when ransomware hits.

Key findings include:

• 52% of ransomware victims suffered data loss

• 63% of victims suffered an operational disruption

• Just 41% air gap their backups

• Just 47% routinely test their backups

• Only 35% of respondents believe their current backup and recovery tools are sufficient.

https://informationsecuritybuzz.com/expert-comments/65-say-legacy-backup-solutions-arent-up-to-ransomware-challenges/

• Four-Fifths of Firms Hit by Critical Cloud Security Incident

Some 80% of organisations suffered a “severe” cloud security incident over the past year, while a quarter worry they’ve suffered a cloud data breach and aren’t aware of it, according to new research from Snyk.

The developer security specialist polled 400 cloud engineering and security practitioners from organisations of various sizes and sectors, to compile its State of Cloud Security Report.

Among the incidents flagged by respondents over the past 12 months were breaches, leaks, intrusions, crypto-mining, compliance violations, failed audits and system downtime in the cloud.

Startups (89%) and public sector organisations (88%) were the most likely to have suffered such an incident over the period.

The bad news is that 58% of respondents predict they will suffer another severe incident in the cloud over the coming year. Over three-quarters (77%) of those questioned cited poor training and collaboration as a major challenge in this regard.

“Many cloud security failures result from a lack of effective cross-team collaboration and team training. When different teams use different tools or policy frameworks, reconciling work across those teams and ensuring consistent enforcement can be challenging,” the report argued.

https://www.infosecurity-magazine.com/news/fourfifths-firms-critical-cloud/

• Homeworkers Putting Home and Business Cyber Safety at Risk

BlackBerry published a European research report exposing the cyber security risk created by cost-conscious homeworkers who prioritise security behind price, usability and ease of set up in their purchase of domestic smart devices.

32% of European home workers who own a smart device surveyed said security was a top three factor when choosing a smart device, compared to 50% who prioritised price. 28% of businesses aren’t putting adequate security provisions in place to extend cyber protection as far as homes. This heightens the risk of cyber attacks for businesses and their employees, as hybrid and home working become the norm.

The survey of 4,000 home workers in the UK, France, Germany, and the Netherlands revealed that 28% of people say that their employer has not done or communicated anything about protecting their home network or smart devices, or they don’t know if they are protected.

Furthermore, 75% of Europeans say their employers have taken no steps to secure the home internet connection or provide software protection for home devices. This failure to extend network security to home devices increases risk of the vulnerabilities created by hybrid and home working being successfully exploited. These are particularly sobering findings for small and mid-sized businesses who face upwards of eleven cyber attacks per device, per day, according to the research.

Through even the most innocent of devices, bad actors can access home networks with connections to company devices – or company data on consumer devices – and seize the opportunity to steal data and intellectual property worth millions. It’s likely businesses will bear the brunt of cyber attacks caused by unsecured home devices, with knock-on effects to employees themselves.

https://www.helpnetsecurity.com/2022/09/12/homeworkers-smart-devices-security/

• Uber Hacked, Internal Systems Breached and Vulnerability Reports Stolen

Uber suffered a cyber attack Thursday afternoon with an allegedly 18-year-old hacker downloading HackerOne vulnerability reports and sharing screenshots of the company's internal systems, email dashboard, and Slack server.

The screenshots shared by the hacker and seen by BleepingComputer show what appears to be full access to many critical Uber IT systems, including the company's security software and Windows domain.

Other systems accessed by the hacker include the company's Amazon Web Services console, VMware vSphere/ESXi virtual machines, and the Google Workspace admin dashboard for managing the Uber email accounts.

The threat actor also breached the Uber Slack server, which he used to post messages to employees stating that the company was hacked. However, screenshots from Uber's slack indicate that these announcements were first met with memes and jokes as employees had not realised an actual cyber attack was taking place.

Uber has since confirmed the attack, tweeting that they are in touch with law enforcement and will post additional information as it becomes available. "We are currently responding to a cyber security incident. We are in touch with law enforcement and will post additional updates here as they become available," tweeted the Uber Communications account.

The New York Times, which first reported on the breach, said they spoke to the threat actor, who said they breached Uber after performing a social engineering attack on an employee and stealing their password. The threat actor then gained access to the company's internal systems using the stolen credentials.

https://www.bleepingcomputer.com/news/security/uber-hacked-internal-systems-breached-and-vulnerability-reports-stolen/

• IHG Hack: 'Vindictive' Couple Deleted Hotel Chain Data for Fun

Hackers have told the BBC they carried out a destructive cyber-attack against Holiday Inn owner Intercontinental Hotels Group (IHG) "for fun".

Describing themselves as a couple from Vietnam, they say they first tried a ransomware attack, then deleted large amounts of data when they were foiled. They accessed the FTSE 100 firm's databases thanks to an easily found and weak password, Qwerty1234. An expert says the case highlights the vindictive side of criminal hackers.

UK-based IHG operates 6,000 hotels around the world, including the Holiday Inn, Crowne Plaza and Regent brands. On Monday last week, customers reported widespread problems with booking and check-in. For 24 hours IHG responded to complaints on social media by saying that the company was "undergoing system maintenance".

Then on the Tuesday afternoon it told investors that it had been hacked.

https://www.bbc.co.uk/news/technology-62937678

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Threats

Ransomware and Extortion

• How prepared are organisations to tackle ransomware attacks? - Help Net Security

• Lorenz ransomware breaches corporate network via phone systems (bleepingcomputer.com)

• 3 Iranian nationals are accused of ransomware attacks on US victims (cnbc.com)

• Emotet botnet now pushes Quantum and BlackCat ransomware (bleepingcomputer.com)

• Cisco confirms Yanluowang ransomware leaked stolen company data (bleepingcomputer.com)

• DEV-0270 Hacker Group Uses Windows BitLocker Feature to Encrypt Systems (gbhackers.com)

• New York ambulance service discloses data breach after ransomware attack (bleepingcomputer.com)

• The ransomware problem won't get better until we change one thing | ZDNET

• Iranian Hackers Used Victims’ Printers to Issue Ransom Demands, DOJ Says (vice.com)

• Transparency, disclosure key to fighting ransomware (techtarget.com)

• Researchers Warn of 674% Surge in Deadbolt Ransomware - Infosecurity Magazine (infosecurity-magazine.com)

• Over Three-Quarters of Retailers Hit by Ransomware in 2021 - Infosecurity Magazine (infosecurity-magazine.com)

• Cisco Data Breach Attributed to Lapsus$ Ransomware Group (darkreading.com)

• Ransomware Group Leaks Files Stolen From Cisco | SecurityWeek.Com

• The LA School District Cyber Attack Keeps Unravelling – Expert Comments (informationsecuritybuzz.com)

Phishing & Email Based Attacks

• Revolut hit by ‘phishing’ cyber attack | Business | The Times

• Crooks are using lures related to Her Majesty Queen Elizabeth II in phishing attacks - Security Affairs

• Phishing page embeds keylogger to steal passwords as you type (bleepingcomputer.com)

• Hackers now use ‘sock puppets’ for more realistic phishing attacks (bleepingcomputer.com)

• Phishers take aim at Facebook page owners - Help Net Security

• New Spear Phish Methodology Relies on PuTTY SSH Client to Infect Systems - Infosecurity Magazine (infosecurity-magazine.com)

• Real Estate Phish Swallows 1,000s of Microsoft 365 Credentials (darkreading.com)

• Death of Queen Elizabeth II exploited to steal Microsoft credentials (bleepingcomputer.com)

• Potential phishing activity update - NCSC.GOV.UK

Other Social Engineering; Smishing, Vishing, etc

• Serious Breach at Uber Spotlights Hacker Social Deception | SecurityWeek.Com

Malware

• Hackers Are Using WeTransfer Links To Spread Malware (informationsecuritybuzz.com)

• New malware bundle self-spreads through YouTube gaming videos (bleepingcomputer.com)

• Linux variant of the SideWalk backdoor discovered - Help Net Security

• Malware on Pirated Content Sites a Major WFH Risk for Enterprises (darkreading.com)

• How to spot and avoid scams and malware in search results - The Washington Post

• Gay hookup site typosquatted to push dodgy Chrome extensions, scams (bleepingcomputer.com)

Mobile

• Google Patches Critical Vulnerabilities in Pixel Phones | SecurityWeek.Com

• Apple patches iPhone and macOS flaws under active attack • The Register

Internet of Things – IoT

• Securing your IoT devices against cyber attacks in 5 steps (bleepingcomputer.com)

• EU Wants to Toughen Cyber Security Rules for Smart Devices | SecurityWeek.Com

Data Breaches/Leaks

• Uber hacked, internal systems breached and vulnerability reports stolen (bleepingcomputer.com)

• LastPass says hackers had internal access for four days (bleepingcomputer.com)

• Hacker sells stolen Starbucks data of 219,000 Singapore customers (bleepingcomputer.com)

• U-Haul discloses data breach exposing customer driver licenses (bleepingcomputer.com)

• Hackers Compromise Employee Data at PVC-Maker Eurocell - Infosecurity Magazine (infosecurity-magazine.com)

Organised Crime & Criminal Actors

• Chinese-linked cyber crims nab $529 million from India • The Register

• Cyber Crime Forum Admins Steal from Site Users - Infosecurity Magazine (infosecurity-magazine.com)

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

• Police arrest man for laundering tens of millions in stolen crypto (bleepingcomputer.com)

• US regulators say multi-billion-dollar crypto lender Celsius was operating like a ponzi scheme | PC Gamer

• Hackers Targeting WebLogic Servers and Docker APIs for Mining Cryptocurrencies (thehackernews.com)

• Fake cryptocurrency giveaway sites have tripled this year (bleepingcomputer.com)

• Crypto Scams Skyrocket - IT Security Guru

• A Post-exploitation Look at Coinminers Abusing WebLogic Vulnerabilities (trendmicro.com)

• DOJ drops report on cryptocurrency crime efforts (techtarget.com)

• 76% Of Financial Institutions Plan On Using Crypto In The Next 3 Years (informationsecuritybuzz.com)

• How Can You Tell if a Cryptocurrency is Legitimate? Read Our Guide To Find Out - IT Security Guru

Insider Risk and Insider Threats

• 5 Ways to Mitigate Your New Insider Threats in the Great Resignation (thehackernews.com)

• Ex-Broadcom engineer asks for no prison in trade secret case • The Register

Fraud, Scams & Financial Crime

• Microsoft Edge’s News Feed ads abused for tech support scams (bleepingcomputer.com)

• Cops Raid Suspected Fraudster Penthouses - Infosecurity Magazine (infosecurity-magazine.com)

• How to spot and avoid scams and malware in search results - The Washington Post

• Tax fraud ring leader jailed for selling children’s stolen identities (bleepingcomputer.com)

AML/CFT/Sanctions

• Spanish police arrest ‘one of Europe’s biggest money launderers’ | Financial Times (ft.com)

Insurance

• Coalition Cyber Insurance - Small Businesses Prime Targets (informationsecuritybuzz.com)

Dark Web

• Documents For Sale on the Dark Web - IT Security Guru

Supply Chain and Third Parties

• Hackers breach software vendor for Magento supply-chain attacks (bleepingcomputer.com)

• WordPress sites backdoored after FishPig supply chain attack • The Register

Denial of Service DoS/DDoS

• DDoS Attacks on UK Firms Surge During Ukraine War - Infosecurity Magazine (infosecurity-magazine.com)

• Akamai stopped new record-breaking DDoS attack in Europe (bleepingcomputer.com)

Cloud/SaaS

• 5 ways to improve your cloud security posture (techtarget.com)

• Excess privilege in the cloud is a universal security problem, IBM says | CSO Online

• Organisations lack visibility into unauthorised public cloud data access - Help Net Security

• One-third of enterprises don’t encrypt sensitive data in the cloud | CSO Online

Attack Surface Management

• Cyber attack trends vs. growing IT complexity - Help Net Security

• Outdated infrastructure remains a problem against sophisticated cyber attacks - Help Net Security

Shadow IT

• Use shadow IT discovery to find unauthorized devices and apps (techtarget.com)

Encryption

• Keep Today's Encrypted Data From Becoming Tomorrow's Treasure (darkreading.com)

API

• Hackers Targeting WebLogic Servers and Docker APIs for Mining Cryptocurrencies (thehackernews.com)

• API security—and even visibility—isn’t getting handled by enterprises | CSO Online

• Bad bots are coming at APIs! How to beat the API bot attacks? - Help Net Security

Open Source

• When It Comes to Security, Don’t Overlook Your Linux Systems | SecurityWeek.Com

• 40% of pros scaled back back open source use over security • The Register

• You never walk alone: The SideWalk backdoor gets a Linux variant | WeLiveSecurity

Passwords, Credential Stuffing & Brute Force Attacks

• IHG Was Hacked Using Password “Qwerty1234” - LoyaltyLobby

Social Media

• Thwarting attackers in their favourite new playground: Social media - Help Net Security

• Twitter whistleblower tells Senate of ‘egregious’ security failings by company | Twitter | The Guardian

• Cyber attackers Abuse Facebook Ad Manager in Savvy Credential-Harvesting Campaign (darkreading.com)

Training, Education and Awareness

• Security Awareness Training Must Evolve to Align With Growing E-Commerce Security Threats (darkreading.com)

Parental Controls and Child Safety

• Cyber Crime Fears for Children as Cost-of-Living Bites - Infosecurity Magazine (infosecurity-magazine.com)

Regulations, Fines and Legislation

• 10 Steps to Successfully Navigate Cyber Security Compliance - MSSP Alert

Models, Frameworks and Standards

• Don’t Put Preparation on Pause: CMMC 2.0 is Coming Quicker Than You Think - MSSP Alert

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

• Montenegro Under Cyber Attack, Russia Blamed, All NATO States Would Be (informationsecuritybuzz.com)

• DDoS Attacks on UK Firms Surge During Ukraine War - Infosecurity Magazine (infosecurity-magazine.com)

• New Cyberespionage Group 'Worok' Targeting Entities in Asia | SecurityWeek.Com

• ShadowPad Threat Actors Return With Fresh Government Strikes, Updated Tools (darkreading.com)

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Nation State Actors

Nation State Actors – Russia

• Montenegro Wrestles With Massive Cyber Attack, Russia Blamed | SecurityWeek.Com

• Russia’s cyber future connected at the waist to Soviet military industrial complex | CSO Online

Nation State Actors – North Korea

• North Korea-linked APT spreads tainted versions of PuTTY via WhatsApp - Security Affairs

Nation State Actors – Iran

• Iranian cyber spies use multi-persona impersonation in phishing threads | CSO Online

• Albania says Iranian hackers hit the country with another cyber attack - CyberScoop

• US, UK, Canada and Australia Link Iranian Government Agency to Ransomware Attacks | SecurityWeek.Com

• Iranian Hackers Target High-Value Targets in Nuclear Security and Genomic Research (thehackernews.com)

• Iranian Hackers Used Victims’ Printers to Issue Ransom Demands, DOJ Says (vice.com)

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Vulnerability Management

• Backlogs larger than 100K+ vulnerabilities but too time-consuming to address - Help Net Security

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Vulnerabilities

• Microsoft September 2022 Patch Tuesday fixes zero-day used in attacks, 63 flaws (bleepingcomputer.com)

• Adobe Patches 63 Security Flaws in Patch Tuesday Bundle | SecurityWeek.Com

• CISA orders agencies to patch vulnerability used in Stuxnet attacks (bleepingcomputer.com)

• Chrome 105 Update Patches High-Severity Vulnerabilities | SecurityWeek.Com

• Microsoft Teams stores auth tokens as cleartext in Windows, Linux, Macs (bleepingcomputer.com)

• Microsoft Quashes Actively Exploited Zero-Day, Wormable Critical Bugs (darkreading.com)

• Apple fixed the eighth actively exploited zero-day this year - Security Affairs

• Cisco Patches High-Severity Vulnerability in SD-WAN vManage | SecurityWeek.Com

• Over 280,000 WordPress Sites Attacked Using WPGateway Plugin Zero-Day Vulnerability (thehackernews.com)

• Over 280,000 WordPress sites may have been hijacked by zero-day hiding in popular plugin | TechRadar

• High-Severity Firmware Security Flaws Left Unpatched in HP Enterprise Devices (thehackernews.com)

• CISA added 2 more security flaws to its Known Exploited Vulnerabilities Catalog - Security Affairs

• ManageEngine Password Management Vulnerability and Patch: Details for MSPs, MSSPs - MSSP Alert

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Reports Published in the Last Week

• Falcon OverWatch Threat Hunting Report 2022 | CrowdStrike

• Cyber Security: Benchmarking Security Gaps & Privileged Access (delinea.com)

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Other News

• MSPs and cyber security: The time for turning a blind eye is over - Help Net Security

• Red Teaming to Reduce Cyber Risk (trendmicro.com)

• Organisations should fear misconfigurations more than vulnerabilities - Help Net Security

• Companies need data privacy plan before joining metaverse (techtarget.com)

• Lens reflections may betray your secrets in Zoom video calls • The Register

• US Government Wants Security Guarantees From Software Vendors | SecurityWeek.Com

• Serious Security: Browser-in-the-browser attacks – watch out for windows that aren’t! – Naked Security (sophos.com)

• The Cyber Security Head Game | Psychology Today South Africa

• Cyber Security Report: Average Data Breach in US Costs $9.4 Million - MSSP Alert

• 5 Best Practices for Building Your Data Loss Prevention Strategy (darkreading.com)

• Hands-on cyber attacks jump 50%, CrowdStrike reports | CSO Online

• Penetration Testing Report: Security Misconfiguration Is "Top Vulnerability" - MSSP Alert

• Twitter whistleblower: Lack of access, data controls invite exploitation | SC Media (scmagazine.com)

• Cost of Living Crisis Impact on Online Activity - IT Security Guru

• Attacker Apparently Didn't Have to Breach a Single System to Pwn Uber (darkreading.com)

• Zoom outage left users unable to sign in or join meetings (bleepingcomputer.com)

• Five ways your data may be at risk — and what to do about it (bleepingcomputer.com)

• Notepad++ Plugins Allow Attackers to Infiltrate Systems, Achieve Persistence - Infosecurity Magazine (infosecurity-magazine.com)

• Twitter's ex-security boss Zatko disses biz as dysfunctional • The Register

• Don't Let Your Home Wi-Fi Get Hacked. Here's What to Do - CNET

• How serious are organisations about their data sovereignty strategies? - Help Net Security

• Undermining Microsoft Teams Security By Mining Tokens (informationsecuritybuzz.com)

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Sector Specific

Industry specific threat intelligence reports are available.

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

·       Automotive

·       Construction

·       Critical National Infrastructure (CNI)

·       Defence & Space

·       Education & Academia

·       Energy & Utilities

·       Estate Agencies

·       Financial Services

·       FinTech

·       Food & Agriculture

·       Gaming & Gambling

·       Government & Public Sector (including Law Enforcement)

·       Health/Medical/Pharma

·       Hotels & Hospitality

·       Insurance

·       Legal

·       Manufacturing

·       Maritime

·       Oil, Gas & Mining

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

·       Retail & eCommerce

·       Small and Medium Sized Businesses (SMBs)

·       Startups

·       Telecoms

·       Third Sector & Charities

·       Transport & Aviation

·       Web3

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As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

Look out for our ‘Cyber Tip Tuesday’ video blog and on our YouTube channel.

You can also follow us on Facebook, Twitter and LinkedIn.

Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.

Black Arrow Cyber Threat Briefing 20 May 2022

Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.

Top Cyber Stories of the Last Week

• Fifth of Businesses Say Cyber Attack Nearly Broke Them

A fifth of US and European businesses have warned that a serious cyber attack nearly rendered them insolvent, with most (87%) viewing compromise as a bigger threat than an economic downturn, according to Hiscox.

The insurer polled over 5000 businesses in the US, UK, Ireland, France, Spain, Germany, the Netherlands and Belgium to compile its annual Hiscox Cyber Readiness Report.

It revealed the potentially catastrophic financial damage that a serious cyber-attack can wreak. The number claiming to have nearly been brought down by a breach increased 24% compared to the previous year.

Nearly half (48%) of respondents said they suffered an attack over the past 12 months, a 12% increase from the previous report’s findings. Perhaps unsurprisingly, businesses in seven out of eight countries see cyber as their biggest threat.

Yet perception appears to vary greatly depending on whether an organisation has suffered a serious compromise or not. While over half (55%) of total respondents said they view cyber as a high-risk area, the figure among companies that have not yet suffered an attack is just 36%.

https://www.infosecurity-magazine.com/news/fifth-of-businesses-cyber-attack/

• Weak Security Controls and Practices Routinely Exploited for Initial Access

Cyber actors routinely exploit poor security configurations (either misconfigured or left unsecured), weak controls, and other poor cyber hygiene practices to gain initial access or as part of other tactics to compromise a victim’s system. A joint Cybersecurity Advisory by the cyber security authorities of the United States, Canada, New Zealand, the Netherlands, and the United Kingdom identifies commonly exploited controls and practices and includes best practices to mitigate the issues.

Malicious cyber actors often exploit the following common weak security controls, poor configurations, and poor security practices to employ the initial access techniques.

• Multifactor authentication (MFA) is not enforced

• Incorrectly applied privileges or permissions and errors within access control lists

• Software is not up to date

• Use of vendor-supplied default configurations or default login usernames and passwords

• Remote services, such as a virtual private network (VPN), lack sufficient controls to prevent unauthorised access

• Strong password policies are not implemented

• Cloud services are unprotected

• Open ports and misconfigured services are exposed to the internet

• Failure to detect or block phishing attempts

• Poor endpoint detection and response.

https://www.cisa.gov/uscert/ncas/alerts/aa22-137a

• How Do Ransomware Attacks Impact Victim Organisations’ Stock?

Ransomware has developed into an extremely lucrative business model with little risk involved for the threat actors. Couple this with the willingness of most victim organisations to pay the ransom demand under the assumption it will return business operations to normal - ultimately encouraging more attacks - and we have a big problem with no easy remedies.

Back in 2021, Cybereason published a report titled Ransomware Attacks and the True Cost to Business that revealed the various costs that organisations face after falling victim to a ransomware attack. Here are some of the most significant findings that stood out:

• Two-thirds of ransomware victims said that they endured a significant loss of revenue following the attack

• More than half (53%) of organisations suffered damage to their brand and reputation after a ransomware infection

• A third of those who fell to ransomware lost C-level talent in the attack’s aftermath

• Three in 10 organisations had no choice but to lay off employees due to the financial pressures resulting from a ransomware incident

• A quarter of ransomware victims said that they needed to suspend operations.

https://www.msspalert.com/cybersecurity-guests/how-do-ransomware-attacks-impact-victim-organizations-stock/

• Prioritise Patching Vulnerabilities Associated with Ransomware

In the last quarter, ransomware attacks have made mainstream headlines on a near-daily basis, with groups like Lapsus$ and Conti’s names splashed across the page. Major organisations like Okta, Globant and Kitchenware maker Meyer Corporation have all fallen victim, and they are very much not alone. The data indicates that increasing vulnerabilities, new advanced persistent threat (APT) groups and new ransomware families are contributing to ransomware’s continued prevalence and profitability.

The top stats include:

• 22 new vulnerabilities and nine new weaknesses have been associated with ransomware since January 2022; of the 22, a whopping 21 are considered of critical or high risk severity

• 19 (out of 22) of the newly-added vulnerabilities are associated with the Conti ransomware gang

• Three new APT groups (Exotic Lily, APT 35, DEV-0401) and four new ransomware families (AvosLocker, Karma, BlackCat, Night Sky) are deploying ransomware to attack their targets

• 141 of CISA’s Known Exploited Vulnerabilities (KEVs) are being used by ransomware operators – including 18 newly identified this quarter

• 11 vulnerabilities tied to ransomware remain undetected by popular scanners

• 624 unique vulnerabilities were found within the 846 healthcare products analysed.

https://www.helpnetsecurity.com/2022/05/19/increase-ransomware-vulnerabilities/

• Researchers Warn of Advanced Persistent Threats (APTs), Data Leaks as Serious Threats Against UK Financial Sector

Researchers say that geopolitical tension, ransomware, and cyber attacks using stolen credentials threaten the UK's financial sector.

KELA's security team published a report examining the cyber security issues and attacks that surfaced in 2021 and early 2022, specifically focused on the United Kingdom's banks and other financial services.

The UK was one of the first countries to stand with Ukraine after the invasion by Russia. This could make UK organisations a tempting target for threat actors siding with Russia - whether by state-sponsored advanced persistent threat (APT) groups or hacktivists. The National Cyber Security Centre (NCSC) previously warned businesses to shore up their cyber security following Russia's assault.

APTs are often responsible for attacking the financial sector: account credentials, card numbers, and the personally identifiable information (PII) of customers are useful not only in social engineering and identity theft but also to make fraudulent purchases or for card cloning.

APTs target organisations worldwide, and those located in the UK are no exception. Over the past few years, APTs, including the Chinese APT40 and APT31, have utilised vulnerabilities, including ProxyLogon, to compromise UK businesses.

"In general, APTs may target the financial sector to commit fraud, burglarise ATMs, execute transactions, and penetrate organisations' internal financial systems," KELA says. "Although specific threats to the UK financial sector have not been identified, there is no doubt that the UK has occasionally been a target of APT groups during 2021."

Exposed corporate information and leaked credentials are also of note. After browsing Dark Web forums, the researchers found that UK data is "in demand" by cyber criminals who are seeking PII, access credentials, and internal data.

https://www.zdnet.com/article/researchers-warn-of-apts-data-leaks-as-serious-threats-against-uk-financial-sector/

• Remote Work Hazards: Attackers Exploit Weak WiFi, Endpoints, and the Cloud

Infoblox unveils a global report examining the state of security concerns, costs, and remedies. As the pandemic and uneven shutdowns stretch into a third year, organisations are accelerating digital transformation projects to support remote work. Meanwhile, attackers have seized on vulnerabilities in these environments, creating more work and larger budgets for security teams.

1,100 respondents in IT and cyber security roles in 11 countries – United States, Mexico, Brazil, United Kingdom, Germany, France, the Netherlands, Spain, United Arab Emirates, Australia, and Singapore – participated in the survey.

The surge in remote work has changed the corporate landscape significantly – and permanently. 52% of respondents accelerated digital transformation projects, 42% increased customer portal support for remote engagement, 30% moved apps to third party cloud providers, and 26% shuttered physical offices for good. These changes led to the additions of VPNs and firewalls, a mix of corporate and employee owned devices as well as cloud and on-premises DDI servers to manage data traffic across the expanded network.

The hybrid workforce reality is causing greater concerns with data leakage, ransomware and attacks through remote access tools and cloud services. Respondents indicate concerns about their abilities to counter increasingly sophisticated cyber attacks with limited control over employees, work-from-home technologies, and vulnerable supply chain partners. The sophistication of state-sponsored malware also is a source of worry for many.

Organisations have good reason to worry: 53% of respondents experienced up to five security incidents that led to at least one breach.

https://www.helpnetsecurity.com/2022/05/17/state-of-security/

• Small Businesses Under Fire from Password Stealers

Password-stealing malware and other cyber attacks have increased significantly against small businesses over the past year, according to Kaspersky researchers.

An assessment released this week detailed the number of Trojan Password Stealing Ware (PSW) detections, internet attacks and attacks on Remote Desktop Protocol (RDP) between January and April 2022, compared with the same time frame from 2021. Kaspersky's research showed a jump in the detection of password stealers within small business environments, as well as increases in other types of cyber attacks.

According to Kaspersky, the biggest increase in threats against small businesses was password stealers, specifically Trojan PSWs. There were nearly 1 million more detected Trojan PSWs targeting small and medium-sized businesses in the first trimester of 2022 than the first of 2021, increasing from 3,029,903 to 4,003,323.

https://www.techtarget.com/searchsecurity/news/252518442/Small-businesses-under-fire-from-password-stealers

• Email Is the Riskiest Channel for Data Security

Research from Tessian and the Ponemon Institute reveals that nearly 60% of organisations experienced data loss or exfiltration caused by an employee mistake on email in the last 12 months.

Email was revealed as the riskiest channel for data loss in organisations, as stated by 65% of IT security practitioners. This was closely followed by cloud file-sharing services (62%) and instant messaging platforms (57%).

The research surveyed 614 IT security practitioners across the globe to also reveal that:

• Employee negligence, because of not following policies, is the leading cause of data loss incidents (40%)

• 27% of data loss incidents are caused by malicious insiders

• It takes up to three days for security and risk management teams to detect and remediate a data loss and exfiltration incident caused by a malicious insider on email

• 23% of organisations experience up to 30 security incidents involving employees’ use of email every month (for example, email was sent to an unintended recipient).

The most common types of confidential and sensitive information lost or intentionally stolen include: customer information (61%); intellectual property (56%); and consumer information (47%). User-created data (sensitive email content, text files, M&A documents), regulated data (credit card data, Social Security numbers, national ID numbers, employee data), and intellectual property were identified as the three types of data that are most difficult to protect from data loss.

The top two consequences for data loss incidents were revealed as non-compliance with data protection regulations (57%) and damage to an organisation’s reputation (52%). Furthermore, a previous study from Tessian found that 29% of businesses lost a client or customer because of an employee sending an email to the wrong person.

https://www.helpnetsecurity.com/2022/05/20/data-loss-email/

• Phishing Attacks for Initial Access Surged 54% in Q1

Threat actors doubled down on their use of phishing emails as an initial attack vector during the first quarter of 2022 — and in many cases then used that access to drop ransomware or to extort organisations in other ways.

Researchers from Kroll recently analysed data gathered from security incidents they responded to in the first three months of this year. The analysis showed a 54% increase in incidents of phishing for initial access compared with the same period last year.

For the first time since Microsoft disclosed the so-called ProxyLogon set of vulnerabilities in Exchange Server in the first quarter of 2021, incidents tied to email compromises surpassed those related to ransomware. Kroll described the sharp increase in phishing activity as likely the result of a surge in activity tied to Emotet and IceID malware — threat actors have been using both to drop other malware.

https://www.darkreading.com/risk/phishing-attacks-for-initial-access-surged-q1

• Fears Grow for Smaller Nations After Ransomware Attack on Costa Rica Escalates

Conti demanded $20M in ransom — and the overthrow of the government.

It’s been a rough start for the newly elected Costa Rica president Rodrigo Chaves, who less than a week into office declared his country “at war” with the Conti ransomware gang.

“We’re at war and this is not an exaggeration,” Chaves told local media. “The war is against an international terrorist group, which apparently has operatives in Costa Rica. There are very clear indications that people inside the country are collaborating with Conti.”

Conti’s assault on the Costa Rican government began in April. The country’s Finance Ministry was the first hit by the Russia-linked hacking group, and in a statement on May 16, Chaves said the number of institutions impacted had since grown to 27. This, he admitted, means civil servants wouldn’t be paid on time and will impact the country’s foreign trade.

In a message posted to its dark web leaks blog, Conti urged the citizens of Costa Rica to pressure their government to pay the ransom, which the group doubled from an initial $10 million to $20 million. In a separate statement, the group warned: “We are determined to overthrow the government by means of a cyber attack, we have already shown you all the strength and power.”

Conti is among the most prolific hacking groups. The FBI warned earlier this year that the gang was among “the three top variants” that targeted businesses in the United States, and it has been blamed for ransomware attacks targeting dozens of businesses, including Fat Face, Shutterfly and the Irish healthcare service.

But Conti has picked up its pace in recent months: In January and February it published 31 victims on its leaks blog. In March and April, it posted 133 victims.

https://techcrunch.com/2022/05/20/costa-rica-ransomware-attack/

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Threats

Ransomware

• Ransomware Gangs Rely More on Weaponizing Vulnerabilities (bleepingcomputer.com)

• Ransomware Gang Extorted 725 BTC in One Attack, On-Chain Sleuths Find (coindesk.com)

• 5 Critical Questions to Test Your Ransomware Preparedness - Help Net Security

• “Alarming” Surge in Conti Group Activity This Year - Infosecurity Magazine

• Why AI-Powered Ransomware Cyber Attacks Could Be Coming Soon - Protocol

• Nikkei Says Customer Data Likely Impacted in Ransomware Attack | SecurityWeek.Com

• Wizard Spider Hackers Hire Cold Callers to Scare Ransomware Victims Into Paying Up | ZDNet

• Greenland Hit by Cyber Attack, Finds Its Health Service Crippled (bitdefender.com)

• Conti Ransomware Shuts Down Operation, Rebrands into Smaller Units (bleepingcomputer.com)

• No One Is Slowing Down BlackByte Ransomware Gang • The Register

• President Rodrigo Chaves says Costa Rica is at war with Conti hackers - BBC News

• Engineering Firm Parker Discloses Data Breach After Ransomware Attack (bleepingcomputer.com)

• US links Thanos and Jigsaw ransomware to 55-year-old doctor (bleepingcomputer.com)

• Russian Conti Ransomware Gang Threatens to Overthrow New Costa Rican Government (thehackernews.com)

Phishing & Email Based Attacks

• This Phishing Attack Delivers Three Forms of Malware. And They All Want to Steal Your Data | ZDNet

• HTML Attachments Remain Popular Among Phishing Actors In 2022 (bleepingcomputer.com)

• Chatbot Army Deployed in Latest DHL Shipping Phish (darkreading.com)

• Phishing Gang That Stole Over 400,000 Euros Busted in Spain (tripwire.com)

• Long Lost @ Symbol Gets New Life Obscuring Malicious URLs | Malwarebytes Labs

• Spanish Police Dismantle Phishing Gang That Emptied Bank Accounts (bleepingcomputer.com)

Malware

• Emotet is the Most Common Malware - Help Net Security

• Microsoft Identifies Botnet Variant Targeting Windows and Linux Systems - Infosecurity Magazine

• Activity of the Linux XorDdos bot increased by 254% over the last 6 monthsSecurity Affairs

• Fake Domains Offer Windows 11 Installers - But Deliver Malware Instead | ZDNet

• Bruised but Not Broken: The Resurgence of the Emotet Botnet Malware (trendmicro.com)

• Malicious PyPI Pymafka Package Opens Backdoors On Windows, Linux, and Macs (bleepingcomputer.com)

• April VMware Bugs Abused to Deliver Mirai Malware, Exploit Log4Shell | Threatpost

Mobile

• 6 Scary Tactics Used in Mobile App Attacks (darkreading.com)

• Researchers Find Potential Way to Run Malware on iPhone Even When it's OFF (thehackernews.com)

• Google TAG: Cytrox's Predator Spyware Used to Target Android Users | WIRED

IoT

• New Bluetooth Hack Could Let Attackers Remotely Unlock Smart Locks and Cars (thehackernews.com)

Data Breaches/Leaks

• Cornwall Council Data Breach - Information Security Buzz

• Pharmacy Giant Hit By Data Breach Affecting 3.6 Million Customers - Infosecurity Magazine

Organised Crime & Criminal Actors

• Ukrainian Hacker Jailed for 4-Years in U.S. for Selling Access to Hacked Servers (thehackernews.com)

• US Recovers a Record $15m from the 3ve Ad-Fraud Crew • The Register

Cryptocurrency/Cryptomining/Cryptojacking/NFTs

• How Cryptocurrencies Enable Attackers and Defenders (techtarget.com)

• Monero-Mining Sysrv Botnet Targets Windows, Linux Web Servers • The Register

• US Brings First-Of-Its-Kind Bitcoin Sanctions-Busting Case • The Register

• Fake Pixelmon NFT Site Infects You with Password-Stealing Malware (bleepingcomputer.com)

• Hackers Compromise a String of NFT Discord Channels (vice.com)

Fraud, Scams & Financial Crime

• Popularity Of Online Payment Goes Hand-In-Hand with Fraud - Help Net Security

Supply Chain and Third Parties

• MITRE Creates Framework for Supply Chain Security (darkreading.com)

• The Four Horsemen of Software Supply Chain Attacks - MSSP Alert

• Recovering From a Cyber Security Earthquake: The Lessons Organisations Must Learn - Help Net Security

Cloud/SaaS

• 7 Key Findings from the 2022 SaaS Security Survey Report (thehackernews.com)

• New Research Identifies Poor IAM Policies as The Greatest Cloud Vulnerability - CyberScoop

• Are You Investing in Securing Your Data in the Cloud? (thehackernews.com)

• 380K Kubernetes API Servers Exposed to Public Internet | Threatpost

Open Source

• The Industry Must Better Secure Open Source Code From Threat Actors (darkreading.com)

Privacy

• How To Ensure That the Smart Home Doesn’t Jeopardize Data Privacy? - Help Net Security

• Privacy. Ad Bidders Haven't Heard of It, Report Reveals • The Register

• Third-Party Web Trackers Log What You Type Before Submitting (bleepingcomputer.com)

Passwords & Credential Stuffing

• The Most Insecure and Easily Hackable Passwords - Help Net Security

• Half of IT Leaders Store Passwords in Shared Docs - Infosecurity Magazine

Cyber Bullying and Cyber Stalking

• UK Sextortion Cases Doubled in 2021 - Infosecurity Magazine

Regulations, Fines and Legislation

• Europe Moves Closer to Stricter Cyber Security Standards • The Register

• EU's NIS 2 Directive to Strengthen Cyber Security Requirements For Companies - Help Net Security

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

• Google TAG: Cytrox's Predator Spyware Used to Target Android Users | WIRED

• Britain can legally launch cyber attacks against hostile states, says Attorney General (telegraph.co.uk)

• How Mobile Networks Have Become a Front in the Battle for Ukraine (darkreading.com)

• China-linked Twisted Panda Caught Spying on Russian R&D Orgs • The Register

• Pro-Russian Hackers Spread Hoaxes to Divide Ukraine, Allies | SecurityWeek.Com

• A custom PowerShell RAT Targets Germany Using Crisis in Ukraine as Bait - Security Affairs

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Nation State Actors

Nation State Actors – Russia

• Putin Promises to Bolster Russia's IT Security in Face of Cyber Attacks | Reuters

• Russian Hackers Declare War On 10 Countries After Failed Eurovision DDoS attack | IT PRO

• Pro-Russian Information Operations Escalate in Ukraine War (darkreading.com)

• Russian Undersea Cable Threat Shifts Tech Business to UK (telegraph.co.uk)

• Russians Allegedly Storm Ukrainian ISP, Blackmail It to Switch To Russian Networks - CyberScoop

• Russia-linked Sandworm Continues to Conduct Attacks Against Ukraine - Security Affairs

• Russian Cyber Attack on Eurovision Foiled By Italian Authorities (bitdefender.com)

• This Russian Botnet Does Far More Than DDoS Attacks - And on A Massive Scale | ZDNet

Nation State Actors – China

• Chinese ‘Space Pirates’ are Hacking Russian Aerospace Firms (bleepingcomputer.com)

Nation State Actors – North Korea

• FBI Warns of North Korean Spies Posing as Foreign IT Workers • The Register

Nation State Actors – Iran

• US Charges Venezuelan Doctor with Selling Ransomware Used By Iranian Group | Reuters

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Vulnerability Management

• APTs Overwhelmingly Share Known Vulnerabilities Rather Than Attack O-Days | Threatpost

• How Micropatching Could Help Close the Security Update Gap (techtarget.com)

• Partial Patching Still Provides Strong Protection Against APTs (darkreading.com)

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Vulnerabilities

• QNAP Urges Users to Update NAS Devices to Prevent Deadbolt Ransomware Attacks (thehackernews.com)

• Cisco Fixes an IOS XR Flaw Actively Exploited in The Wild - Security Affairs

• 2 Vulnerabilities With 9.8 Severity Ratings Are Under Exploit. A 3rd Looms | Ars Technica

• Microsoft Rushes a Fix After May Patch Tuesday Breaks Authentication (darkreading.com)

• Microsoft Fixes New PetitPotam Windows NTLM Relay Attack Vector (bleepingcomputer.com)

• Apple Patches Zero-Day Kernel Hole and Much More – Update Now! – Naked Security (sophos.com)

• Two Business-Grade Netgear VPN Routers Have Security Vulnerabilities That Can't Be Fixed - Help Net Security

• SharePoint RCE Bug Resurfaces Three Months After Being Patched by Microsoft | The Daily Swig (portswigger.net)

• High-Severity Bug Reported in Google's OAuth Client Library for Java (thehackernews.com)

• Over 20,000 Zyxel Firewalls Still Exposed to Critical Bug - Infosecurity Magazine

• Apple Fixes the Sixth Zero-Day Since The Beginning of 2022 - Security Affairs

• Apache Releases Security Advisory for Tomcat | CISA

• Mozilla Patches Wednesday’s Pwn2Own Double-Exploit… on Friday! – Naked Security (sophos.com)

• Critical Vulnerability in Premium WordPress Themes Allows for Site Takeover | Threatpost

• Critical Jupiter WordPress Plugin Flaws Let Hackers Take Over Sites (bleepingcomputer.com)

• Apple Finally Patches Exploited Vulnerabilities in macOS Big Sur, Catalina | SecurityWeek.Com

• NVIDIA Fixes Ten Vulnerabilities in Windows GPU Display Drivers (bleepingcomputer.com)

• Gmail-Linked Facebook Accounts Vulnerable to Attack Using A Chain Of Bugs—Now Fixed | Malwarebytes Labs

• New Brute Force Attacks Against SQL Servers Use PowerShell Wrapper | SecurityWeek.Com

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Sector Specific

Retail/eCommerce

• How Crooks Backdoor Sites and Scrape Credit Card Info • The Register

• Digital Skimming is Now the Preserve of Non-Magecart Groups - Infosecurity Magazine

Energy & Utilities

• Water Companies Are Increasingly Uninsurable Due To Ransomware, Industry Execs Say - CyberScoop

• UK Announces Nuclear Cyber Security Strategy - IT Security Guru

Education and Academia

• Ransomware Attack Exposes Data of 500,000 Chicago Students (bleepingcomputer.com)

• Higher Education Institutions Being Targeted for Ransomware Attacks | TechRepublic

• “Incompetent” Council Leaks Details of Students With Special Educational Needs • Graham Cluley

• Researchers Find Backdoor in School Management Plugin for WordPress (thehackernews.com)

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Reports Published in the Last Week

• Q2 2022 State of Fraud & Account Security Report - Arkose Labs

• 2022 SaaS Security Survey Report (adaptive-shield.com)

• 2021-2022 UK Financial Sector Dark Web Threat Landscape Report - Kela (ke-la.com)

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Other News

• UK Government: Lack of Skills the Number One Issue in Cyber Security - Infosecurity Magazine

• Malicious Hackers Are Finding It Too Easy to Achieve Their Initial Access (tripwire.com)

• NIST’s Cyber Security Framework Has Become The Common Language For International Cyber Security (scmagazine.com)

• How Threat Actors Are a Click Away From Becoming Quasi-APTs (darkreading.com)

• Cyber Security: Global Food Supply Chain at Risk From Malicious Hackers - BBC News

• Cyber Security Agencies Reveal Top Initial Access Attack Vectors (bleepingcomputer.com)

• 50% of Orgs Rely on Email to Manage Security (darkreading.com)

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As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.

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