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Black Arrow Cyber Threat Briefing 15 September 2023
Black Arrow Cyber Threat Intelligence Briefing 15 September 2023:
-Overconfident Organisations Prone to Cyber Breaches
-Board Members Struggling to Understand Cyber Risks
-Cyber Criminals are Targeting Top Executives and Could be Using Sensitive Information to Extort Them
-Cyber Attacks Reach Fever Pitch in Q2 2023
-Ransomware Attacks Hit Record Levels in UK as More Companies Fail to Tackle Growing Threats
-Microsoft Warns of More Attacks as Ransomware Spreads Through Teams Phishing
-Europol - Financial Crime Makes “Billions” and Impacts “Millions”
-Almost One in Three Parents Have Never Spoken to Their Children About Cyber Security
-Hackers are Dropping USB Drives Outside Buildings to Target Networks
-Data Theft is Now the No. 1 Cyber Security Threat Keeping Execs Awake at Night
-If You Didn’t Change Your Passwords After the LastPass Data Breach, Do It Now
-Cloud Vulnerabilities Surge Nearly 200% as Cloud Credentials Become the New Hot Ticket on the Dark Web
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
Overconfident Organisations Prone to Cyber Breaches
A study found that 95% of UK enterprises were very confident or somewhat confident that they do not have gaps in their security controls, yet despite this, 69% have fallen victim to a cyber attack in the last two years. One of the reasons given for this false sense of confidence was the belief that more tools meant more security; worryingly, 45% of organisations struggled with the implementation of tools due to the need for expertise. Attackers are constantly adapting their tactics to bypass the security controls that most organisations implement. It is difficult for IT teams and business leaders to maintain an objective assessment of how effective their chosen security controls are against today’s attackers. Black Arrow provides the impartial and expert advice that businesses require, including a free initial assessment, with no vested interest other than helping our clients achieve pragmatic and proportionate security.
Source: [IT Security Guru]
Board Members Struggling to Understand Cyber Risks
Board members frequently struggle to understand cyber risks, putting businesses at higher risk of attacks, a new report has found. The report noted that Board interest is being piqued as a result of growing media reporting of cyber incidents, a heightened Board focus on operational resilience post-pandemic, investor pressure and a tightening regulatory environment.
Worryingly, despite the increase in interest and increased internal and external focus on cyber risk, a number of Board-level respondents reported that they felt scared or embarrassed to ask their CISO for fear of exposing their lack of understanding.
Source: [Infosecurity Magazine]
Cyber Criminals are Targeting Top Executives and Could be Using Sensitive Information to Extort Them
Senior executives in today's evolving work landscape face growing cyber security threats, including extortion and device theft. The rise of ‘workcations’, which blend work and leisure, has blurred professional and personal boundaries, exposing leaders to heightened risks, and necessitating a strong focus on cyber security.
These executives are particularly attractive targets due to their access to critical information and decision-making authority. To protect their organisations, they must prioritise robust security measures, such as stronger passwords, anti-theft safeguards for devices, multi factor authentication, and, where appropriate or necessary, the use of virtual private networks. As guardians of their businesses' well-being, executives carry the responsibility of upholding stringent cyber security practices, ensuring that the benefits of remote work do not compromise their organisations' security.
Source: [Fortune]
Cyber Attacks Reach Fever Pitch in Q2 2023
A report has found the global landscape of increasing digitisation, political unrest, the emergence of AI and the widespread adoption of work from home, have all contributed to an increase in attacks, which have increased 314% in the first half of this year compared the first half of 2022. Rather worryingly, between the first and second quarter this year, there was a 387% increase in activity.
Source: [Data Centre & Network News]
Ransomware Attacks Hit Record Levels in UK as More Companies Fail to Tackle Growing Threats
A report from the Information Commissioner’s Office (ICO) in the UK found ransomware attacks on UK organisations reached record levels last year, impacting over 700 organisations. This isn’t the true count though, as it does not factor the overwhelming majority of victims who do not report attacks, so the true number will be many times this. This increase comes as reports are finding that UK companies are struggling to address the growing threats, and this includes a lack of understanding at the Board level. In fact, 59% of directors say their Board is not very effective in understanding the drivers and impacts of cyber risks for their organisation.
Sources: [The Record] [The Fintech Times] [Financial Times]
Microsoft Warns of More Attacks as Ransomware Spreads Through Teams Phishing
Microsoft says an initial access broker known for working with ransomware groups has recently switched to Microsoft Teams phishing attacks to breach corporate networks. Referring to one of the groups, Microsoft said “In July 2023, Storm-0324 began using phishing lures sent over Teams with malicious links leading to a malicious SharePoint-hosted file,". This tactic has also been used by Russian Nation State Actors.
Source: [Bleeping Computer]
Europol - Financial Crime Makes “Billions” and Impacts “Millions”
The European policing alliance’s first ever European Financial and Economic Crime Threat Assessment was compiled from “operational insights and strategic intelligence” contributed by member states and Europol partners. The assessment highlighted a criminal economy worth billions of euros and that impacts millions of victims each year.
Source: [Infosecurity Magazine]
Almost One in Three Parents Have Never Spoken to Their Children About Cyber Security
A recent report found that 30% of parents have never spoken to their children about cyber security. Additionally, over 40% of parents, who themselves admitted that they didn’t know how to create strong passwords, still give their child access to their mobile phones and almost a third (32%) give them access to their computers. By doing so, parents are not only putting their children at risk, but inadvertently, themselves and the organisations they work for as well.
Black Arrow offers a range of training, including formal and informal training, for individuals, employees and business leaders. Contact us today for a free initial conversation.
Source: [IT Security Guru]
Hackers are Dropping USB Drives Outside Buildings to Target Networks
A mid-year cyber security report found that along with the explosive growth in AI, bad actors are still using tried and tested, but unfortunately still very effective, tactics such as dropping USB drives outside target buildings in the hope that an employee will pick them up and plug them into devices connected to the corporate network. Many times, these actors are banking on their targets lacking protections against these attacks. Think about your organisation, would someone plug a device they found in the street into their work computer out of curiosity? Does your organisation have controls in place to prevent this type of attack?
Source: [Tech Republic]
Data Theft is Now the No. 1 Cyber Security Threat Keeping Execs Awake at Night
According to a recent survey, 55% of IT decision-makers cited data theft as their main concern, with ransomware placed third, after phishing. This comes as ransomware attackers are moving towards more exfiltration-based techniques. Exfiltration creates a significant number of issues for an organisation including the regulatory requirements of telling customers, to not knowing what data has been exfiltrated.
Source: [Information Security Buzz]
If You Didn’t Change Your Passwords After the LastPass Data Breach, Do It Now
Criminals have had plenty of time to use encryption keys stolen in the 2022 LastPass hack to open vaults, and there has been a reported increase in the number of vaults that have been cracked. For those attackers that haven’t been able to crack your password, they're under no time constraints.
Whilst successful attackers may not directly target your email accounts, PayPal wallets, or banks, these assets can be packaged and sold to other criminal third parties. If any of the passwords stored in a LastPass vault prior to 2022 are still in use, you should change them immediately.
Source: [Make Use Of]
Cloud Vulnerabilities Surge Nearly 200% as Cloud Credentials Become the New Hot Ticket on the Dark Web
IBM tracked 632 new cloud-related vulnerabilities (CVEs) between June 2022 and June 2023, a 194% increase from the previous year, according to a new report. The latest haul of new CVEs brings the total number tracked by the vendor to 3,900; a number that has doubled since 2019. Similarly, a separate report from Palo Alto Networks found that 80% of security exposures exist in the cloud.
IBM highlighted that this has led to a number of cloud credentials being actively sold on the dark web, in some cases for the same price as a dozen doughnuts. These credentials are believed to account for almost 90% of goods and services for sale on the dark web.
Sources: [Infosecurity Magazine] [The Register] [TechTarget]
Governance, Risk and Compliance
Deputy PM urges UK plc not to lose focus on cyber | Computer Weekly
Overconfident Organisations Prone to Cyber Breaches, Study Finds - IT Security Guru
Global companies to hike security spending as threats rise - survey | Reuters
CISOs need to be forceful to gain leverage in the boardroom - Help Net Security
Don't Leave Cyber Security to Chance, the Hidden Risk when Staff Depart - IT Security Guru
Evaluating & Managing Service Provider Security Risks (in 2023) | UpGuard
Cyber Security risks dampen corporate enthusiasm for tech investments - Help Net Security
CISOs and Board Reporting – an Ongoing Problem - SecurityWeek
Threats
Ransomware, Extortion and Destructive Attacks
Ransomware attacks hit record level in UK, according to neglected official data (therecord.media)
Ransomware tracker: The latest figures [September 2023] (therecord.media)
Ransomware access broker steals accounts via Microsoft Teams phishing (bleepingcomputer.com)
Ransomware thrives as cyber security remains lax, says UK report | Financial Times (ft.com)
Rust-Written 3AM Ransomware: A Sneak Peek into a New Malware Family (thehackernews.com)
Ransomware in top three threats for 65% of organisations | Security Magazine
TrickBot & Conti Sanctions for CISOs & Board Members (trendmicro.com)
Don’t focus on ransomware variants, say UK’s national cyber and crime agencies (therecord.media)
Cuba Ransomware Gang Continues to Evolve With Dangerous Backdoor (darkreading.com)
Recent Rhysida Attacks Show Focus on Healthcare By Ransomware Actors (darkreading.com)
Ransomware Victims
A phone call to helpdesk was likely all it took to hack MGM | Ars Technica
MGM, Caesars File SEC Disclosures on Cyber Security Incidents (darkreading.com)
Caesars paid millions in ransom to cybercrime group prior to MGM hack – NECN
Group in Casino Hacks Skilled at Duping Workers for Access (1) (bloomberglaw.com)
Ransomware tracker: The latest figures [September 2023] (therecord.media)
Rhysida gang claims to have hacked three more US hospitals (securityaffairs.com)
Ransomware crew claims to have hit Save The Children • The Register
Shell says Australian unit BG Group hit by MOVEit cyber security breach | Reuters
Dutch football association pays ransom to Russian cyber criminals – EURACTIV.com
Cyber security incident affects services at The Weather Network | CFJC Today Kamloops
Phishing & Email Based Attacks
Email forwarding flaws enable attackers to impersonate high-profile domains - Help Net Security
Attackers Abuse Google Looker Studio to Evade DMARC, Email Security (darkreading.com)
$24 Million Worth of Crypto Wiped out Overnight in Massive Phishing Attack
Thousands of Microsoft 365 accounts under threat from W3LL phishing kit | TechRadar
Ransomware access broker steals accounts via Microsoft Teams phishing (bleepingcomputer.com)
Facebook Messenger phishing wave targets 100K business accounts per week (bleepingcomputer.com)
Journalists, authors, and other writers targeted by phishing emails | TechRadar
Associated Press Stylebook Users Targeted in Phishing Attack Following Data Breach - SecurityWeek
How should SMBs navigate the phishing minefield? - Help Net Security
Other Social Engineering; Smishing, Vishing, etc
Understanding the dangers of social engineering - Help Net Security
How to Avoid Smishing Attacks Targeting Subscription Service Users (securityintelligence.com)
Artificial Intelligence
Cyber Criminals Feasting On Artificial Intelligence (forbes.com)
ChatGPT Jailbreaking Forums Proliferate in Dark Web Communities (darkreading.com)
Cloud security in the era of artificial intelligence (securityintelligence.com)
Deepfake cyberthreats keep rising. Here's how to prevent them - SiliconANGLE
2FA/MFA
Malware
Microsoft Teams phishing attack pushes DarkGate malware (bleepingcomputer.com)
Millions of Facebook Business Accounts Bitten by Python Malware (darkreading.com)
Free Download Manager site redirected Linux users to malware for years (bleepingcomputer.com)
Protecting Your Microsoft IIS Servers Against Malware Attacks (thehackernews.com)
3 Strategies to Defend Against Resurging Infostealers (darkreading.com)
New HijackLoader Modular Malware Loader Making Waves in the Cybercrime World (thehackernews.com)
Iranian hackers backdoor 34 orgs with new Sponsor malware (bleepingcomputer.com)
'Steal-It' Campaign Uses OnlyFans Models as Lures (darkreading.com)
Sponsor with batch-filed whiskers: Ballistic Bobcat’s scan and strike backdoor (welivesecurity.com)
Cybersecurity alert: Malware hidden in Microsoft Teams messages targeting users - OnMSFT.com
Iranian Cyberspies Deployed New Backdoor to 34 Organizations - SecurityWeek
Mobile
'Evil Telegram' Spyware Campaign Infects 60K+ Mobile Users (darkreading.com)
France halts iPhone 12 sales over radiation levels - BBC News
Denial of Service/DoS/DDOS
Massive DDoS attack on US financial company thwarted by cyber firm (therecord.media)
Akamai prevented largest DDoS attack on a US financial company (securityaffairs.com)
After Microsoft and X, Hackers Launch DDoS Attack on Telegram - SecurityWeek
Yukon gov't website back after cyber attack, Nunavut gov't site still down | CBC News
Internet of Things – IoT
Co-op to ban Chinese CCTV after security risk warnings (telegraph.co.uk)
Wyze security camera owners report seeing strangers' camera feeds | Mashable
Hackers will hack anything — including your sex toys - The Hustle
Data Breaches/Leaks
Overconfident Organisations Prone to Cyber Breaches, Study Finds - IT Security Guru
LastPass Hackers Cracking Password Vaults - Experts Warns - Cyber Kendra
Dymocks Booksellers suffers data breach impacting 836k customers (bleepingcomputer.com)
How Do Hackers Sell and Trade Your Data in the Metaverse? (makeuseof.com)
Capita class action: 2,000 sign up in wake of data theft • The Register
Airbus data leaked via infected customer computer • The Register
Threat actor leaks sensitive data belonging to Airbus (securityaffairs.com)
Organised Crime & Criminal Actors
How Next-Gen Threats Are Taking a Page From APTs - SecurityWeek
How Do Hackers Sell and Trade Your Data in the Metaverse? (makeuseof.com)
Europol's spotlight report sheds light on evolving cyber attacks (amlintelligence.com)
Cyber criminals Use Webex Brand to Target Corporate Users (darkreading.com)
Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain
Top blockchain Cyber security threats to watch out for (att.com)
$24 Million Worth of Crypto Wiped out Overnight in Massive Phishing Attack
Blockchain Security Firm Unveils APT Attack by Lazarus Group - DailyCoin
Hackers steal $53 million worth of cryptocurrency from CoinEx (bleepingcomputer.com)
Cryptoqueen: Accomplice jailed for 20 years for OneCoin financial scam - BBC News
Insider Risk and Insider Threats
Fraud, Scams & Financial Crime
Latest fraud schemes targeting the payments ecosystem - Help Net Security
Cryptoqueen: Accomplice jailed for 20 years for OneCoin financial scam - BBC News
Glasgow firm issues warning following recent cyber attack | Glasgow Times
Impersonation Attacks
Email forwarding flaws enable attackers to impersonate high-profile domains - Help Net Security
Cyber criminals Use Webex Brand to Target Corporate Users (darkreading.com)
Deepfakes
AML/CFT/Sanctions
Insurance
Dark Web
ChatGPT Jailbreaking Forums Proliferate in Dark Web Communities (darkreading.com)
Cloud credentials are the hot ticket item on the dark web • The Register
Supply Chain and Third Parties
Evaluating & Managing Service Provider Security Risks (in 2023) | UpGuard
Airbus Cyber Attack: Over 3,200 Vendor Data Accessed by Hackers (cybersecuritynews.com)
Capita class action: 2,000 sign up in wake of data theft • The Register
The rise and evolution of supply chain attacks - Help Net Security
A 2-Week Prescription for Eliminating Supply Chain Threats (darkreading.com)
Cloud/SaaS
Thousands of Microsoft 365 accounts under threat from W3LL phishing kit | TechRadar
7 Steps to Kickstart Your SaaS Security Program (thehackernews.com)
Cloud storage security: What's new in the threat matrix | Microsoft Security Blog
Cloud CVEs Surge 200% in a Year - Infosecurity Magazine (infosecurity-magazine.com)
Cloud credentials are the hot ticket item on the dark web • The Register
Palo Alto Networks: 80% of security exposures exist in cloud | TechTarget
Cloud security in the era of artificial intelligence (securityintelligence.com)
Containers
Kubernetes Admins Warned to Patch Clusters Against New RCE Vulns (darkreading.com)
Alert: New Kubernetes Vulnerabilities Enable Remote Attacks on Windows Endpoints (thehackernews.com)
Identity and Access Management
Root Admin User: When Do Common Usernames Pose a Threat? (databreachtoday.co.uk)
Companies need to rethink how they implement identity security - Help Net Security
Enterprises persist with outdated authentication strategies - Help Net Security
Why Identity Management Is the Key to Stopping APT Cyber Attacks (darkreading.com)
Encryption
API
How to Prevent API Breaches: A Guide to Robust Security (thehackernews.com)
Elevating API security to reinforce cyber defence - Help Net Security
Machine Learning is a Must for API Security - IT Security Guru
Open Source
Free Download Manager site redirected Linux users to malware for years (bleepingcomputer.com)
Linux Malware! Read This If You Use Free Download Manager (itsfoss.com)
Passwords, Credential Stuffing & Brute Force Attacks
If You Didn’t Change Your Passwords After the LastPass Data Breach, Do It Now (makeuseof.com)
Root Admin User: When Do Common Usernames Pose a Threat? (databreachtoday.co.uk)
New WiKI-Eve attack can steal numerical passwords over WiFi (bleepingcomputer.com)
Wi-Fi radio signal data can be used 'to predict passwords' • The Register
Cloud credentials are the hot ticket item on the dark web • The Register
Iranian hackers breach defence orgs in password spray attacks (bleepingcomputer.com)
Social Media
Facebook Messenger phishing wave targets 100K business accounts per week (bleepingcomputer.com)
After Microsoft and X, Hackers Launch DDoS Attack on Telegram - SecurityWeek
How Do Hackers Sell and Trade Your Data in the Metaverse? (makeuseof.com)
Millions of Facebook Business Accounts Bitten by Python Malware (darkreading.com)
Training, Education and Awareness
How to Transform Security Awareness Into Security Culture (darkreading.com)
Elevating Cyber Awareness: A Strategic Approach (informationweek.com)
How end-user phishing training works (and why it doesn’t) (bleepingcomputer.com)
Great security training is a real challenge - Help Net Security
Digital Transformation
Parental Controls and Child Safety
Cyber Bullying, Cyber Stalking and Sextortion
Regulations, Fines and Legislation
SEC Issues Final Rules on Cyber Security Disclosures | Kelley Drye & Warren LLP - JDSupra
What Makes an Incident ‘Material’? | Calloquy, PBC - JDSupra
The International Criminal Court will now prosecute cyberwar crimes | Ars Technica
Preparing For Cyber Security Disclosures Set For Public Companies (forbes.com)
Models, Frameworks and Standards
Backup and Recovery
How to develop a cloud backup ransomware protection strategy | TechTarget
How To Backup Data From NAS: A Complete Guide (informationsecuritybuzz.com)
Data Protection
Careers, Working in Cyber and Information Security
Cyber Security Skills Gap: Roadies & Gamers Are Untapped Talent (darkreading.com)
Three ways to overcome cyber security staff shortages (securitybrief.co.nz)
Privacy, Surveillance and Mass Monitoring
Nation State Actors, Advanced Persistent Threats (APTs), Cyber Warfare and Cyber Espionage
Russia
China
Risk & Repeat: Big questions remain on Storm-0558 attacks | TechTarget
Parliamentary researcher ‘who spied for China’ arrested | UK news | The Guardian
Arrest of alleged spy raises questions around UK’s China policy | Financial Times (ft.com)
Microsoft, Apple versus China, spyware actors (techrepublic.com)
Co-op to ban Chinese CCTV after security risk warnings (telegraph.co.uk)
Spies, Hackers, Informants: How China Snoops on the West - SecurityWeek
China caught with its malware in another nation's power grid • The Register
China Threat Recap: A Deeper Insight (informationsecuritybuzz.com)
Iran
Iranian hackers backdoor 34 orgs with new Sponsor malware (bleepingcomputer.com)
‘Scan-and-exploit’ campaign snares unpatched Exchange servers | SC Media (scmagazine.com)
North Korea
Misc Nation State/Cyber Warfare
Vulnerability Management
Severe vulnerability found in all browsers, and it's being attacked | PCWorldOvercoming the Rising Threat of Session Hijacking (darkreading.com)
Cloud CVEs Surge 200% in a Year - Infosecurity Magazine (infosecurity-magazine.com)
With 0-days hitting Chrome, iOS, and dozens more this month, is no software safe? | Ars Technica
Vulnerabilities
Microsoft September 2023 Patch Tuesday fixes 2 zero-days, 59 flaws (bleepingcomputer.com)
Unpatched Cisco ASA flaw exploited by attackers (CVE-2023-20269) - Help Net Security
Severe vulnerability found in all browsers, and it's being attacked | PCWorld
After Apple and Google, Mozilla Also Patches Zero-Day Exploited for Spyware Delivery - SecurityWeek
Notepad++ 8.5.7 released with fixes for four security vulnerabilities (bleepingcomputer.com)
Adobe warns of critical Acrobat and Reader zero-day exploited in attacks (bleepingcomputer.com)
Alert: New Kubernetes Vulnerabilities Enable Remote Attacks on Windows Endpoints (thehackernews.com)
Cisco warns of VPN zero-day exploited by ransomware gangs (bleepingcomputer.com)
Cloud CVEs Surge 200% in a Year - Infosecurity Magazine (infosecurity-magazine.com)
Tools and Controls
Global companies to hike security spending as threats rise - survey | Reuters
Don't Leave Cyber Security to Chance, the Hidden Risk when Staff Depart - IT Security Guru
What Is XDR and Why It's Changing the Security Industry - ReadWrite
Remote Desktop Protocol exposures leave 85% of organisations vulnerable to attack - SiliconANGLE
The Dark Web Is Expanding (As Is the Value of Monitoring It) (darkreading.com)
How to Prevent API Breaches: A Guide to Robust Security (thehackernews.com)
Elevating Cyber Awareness: A Strategic Approach (informationweek.com)
Great security training is a real challenge - Help Net Security
Companies need to rethink how they implement identity security - Help Net Security
Enterprises persist with outdated authentication strategies - Help Net Security
Why Identity Management Is the Key to Stopping APT Cyber Attacks (darkreading.com)
Easy Configuration Fixes Can Protect Your Server from Attack (securityintelligence.com)
Other News
The Weaponization of Operational Technology (securityintelligence.com)
ICS Computers in Western Countries See Increasing Attacks: Report - SecurityWeek
Cyber Trends: The Gunpowder of the Twenty-First Century (e-ir.info)
The 9 Top Technology Trends That Are Shaping the Future of Cyber Security (makeuseof.com)
The Cyber Security Risks In Education Cannot Be Ignored (forbes.com)
A new Repojacking attack exposed over 4,000 GitHub repositories to hack (securityaffairs.com)
Cyber attacks reach fever pitch in Q2 2023 - Data Centre & Network News (dcnnmagazine.com)
Rising OT/ICS cyber security incidents reveal alarming trend - Help Net Security
Brits happy to break cyber law if the price is right | Computer Weekly
British Military Hit by Six Million Cyber Attacks in 2022 (thedefensepost.com)
Trustwave report on hospitality industry security threats | Cyber Magazine
Cyber security impact on construction, engineering projects (csemag.com)
Cyber criminals come for schools — and schools aren’t ready (hechingerreport.org)
Professional Sports: The Next Frontier of Cyber Security? (darkreading.com)
How Dangerous Is the Cyber Attack Risk to Transportation? (securityintelligence.com)
Poison in the Water: The Physical Repercussions of IoT Security Threats (securityintelligence.com)
Australia Inc roiled by raft of cyber attacks since late 2022 | Reuters
Death by digital: attacks on healthcare put people at risk (synack.com)
Sector Specific
Industry specific threat intelligence reports are available.
Contact us to receive tailored reports specific to the industry/sector and geographies you operate in.
· Automotive
· Construction
· Critical National Infrastructure (CNI)
· Defence & Space
· Education & Academia
· Energy & Utilities
· Estate Agencies
· Financial Services
· FinTech
· Food & Agriculture
· Gaming & Gambling
· Government & Public Sector (including Law Enforcement)
· Health/Medical/Pharma
· Hotels & Hospitality
· Insurance
· Legal
· Manufacturing
· Maritime
· Oil, Gas & Mining
· OT, ICS, IIoT, SCADA & Cyber-Physical Systems
· Retail & eCommerce
· Small and Medium Sized Businesses (SMBs)
· Startups
· Telecoms
· Third Sector & Charities
· Transport & Aviation
· Web3
As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.
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Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.
Black Arrow Cyber Threat Briefing 9th June 2023
Black Arrow Cyber Threat Briefing 09 June 2023:
-74% of Breaches Involve Human Element- Make Employees Your Best Asset
-Cyber Security Agency Urges Vigilance as MOVEit Attack Impacts Major Companies Including British Airways, Boots and the BBC
-CISOs and IT Lack Confidence in Executives’ Cyber Defence Knowledge as the Spotlight Falls on the Boardroom
-Only 1 in 10 CISOs are Board-ready as Nearly Half of Boards Lack Cyber Expertise
-BEC Volumes and Ransomware Costs Double in a Year
-Hackers are Targeting C-Suite Executives Through Their Personal Email
-Proactive Detection is Crucial as Organisations Lack Effective Threat Research
-Number of Vulnerabilities Exploited Rose by 55%
-Ransomware Behind Most Cyber Attacks, with Record-breaking May
-4 Areas of Cyber Risk That Boards Need to Address
-North Korea Makes 50% of Income from Cyber Attacks
-Going Beyond “Next Generation” Network Security
-Worldwide 2022 Email Phishing Statistics and Examples
Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber experts to provide senior and middle management with an easy to digest round up of the most notable threats, vulnerabilities, and cyber related news from the last week.
Top Cyber Stories of the Last Week
74% of Breaches Involve Human Element- Make Employees Your Best Asset
Verizon’s recent data breach report analysed 16,312 security incidents and 5,199 breaches. A total of 74% of breaches involved a human element, highlighting the role of employees in achieving good cyber resilience. Organisations looking to improve their resilience should therefore consider how well and how frequently they train their users. In a recent report, Fortinet found that 90% of leaders believed that increasing their employee cyber security awareness would help decrease the occurrence of cyber attacks. Worryingly, despite 85% of leaders having an awareness and training programme in place, 50% believed their employees still lacked cyber security knowledge.
With an effective training programme, organisations can increase their employees’ cyber risk awareness and empower them in defending the organisation, laying the foundation for a strong cyber security culture.
https://www.helpnetsecurity.com/2023/06/06/verizon-data-breach-investigations-report-2023-dbir/
https://www.helpnetsecurity.com/2023/06/09/employees-cybersecurity-knowledge/
Cyber Security Agency Urges Vigilance as MOVEit Attack Impacts Major Companies Including British Airways, Boots and the BBC
The recent cyber attacks on file transfer software MOVEit have impacted a number of major companies through their supply chain. The attack, which hit UK-based HR and payroll provider Zellis has had a huge knock-on effect, with major companies such as British Airways, Boots and the BBC suffering as a result of using Zellis in their supply chain. The UK’s National Cyber Security Centre (NCSC) has emphasised the need for organisations to exercise heightened vigilance.
Organisations must be aware of supply chain risks, and how an attack on a supplier or service provider can impact their own organisation. It is important for organisations to manage supply chain security, assess third party risks, communicate with suppliers and keep on top of emerging threats; it’s no simple task.
https://www.securityweek.com/several-major-organizations-confirm-being-impacted-by-moveit-attack/
CISOs and IT Lack Confidence in Executives’ Cyber Defence Knowledge as the Spotlight Falls on the Boardroom
Nearly three-quarters of data breaches include an element of human failure, and senior business leaders were particularly at risk, according to a recent report. Not only do business leaders possess the most sensitive information, but they are often the least protected, with many organisations making security protocol exemptions for them. Such factors have pushed the boardroom into the spotlight more.
In another report, it was found that only 28% of IT professionals were confident in their executives’ ability to recognise a phishing email. The report found that as many as 71% of executives were reusing compromised passwords from personal accounts inside the company. Technology alone won’t solve the problem: user awareness training is required and this includes the boardroom.
Only 1 in 10 CISOs are Board-ready as Nearly Half of Boards Lack Cyber Expertise
A recent study has found that only 1 in 10 chief information security officers (CISOs) have all the key traits thought to be crucial for success on a corporate board, with many lacking governance skills and experience and other attributes needed for board readiness. Worryingly, nearly half of the 1,000 companies in the study lacked at least one director with cyber security expertise. This is concerning as good cyber security starts from the board: the board is responsible for understanding the business risks of a cyber incident and for endorsing whether the cyber controls in place have reduced those risks to a level that the board is happy with. Similarly, the board would not sign off financial risks without ensuring they had someone with financial experience and qualifications present. The Black Arrow vCISO service is ideal for organisations that need expertise in assessing and managing cyber risks, underpinned by governance reporting and metrics presented to enable the board to make educated and informed decisions.
https://www.csoonline.com/article/3698291/only-one-in-10-cisos-today-are-board-ready-study-says
BEC Volumes and Ransomware Costs Double in a Year
The number of recorded business email compromise (BEC) attacks doubled over the past year, with the threat comprising nearly 60% of social engineering incidents studied by Verizon for its 2023 Data Breach Investigations Report. The report this year was based on analysis of 16,312 security incidents and 5,199 breaches over the past year.
Pretexting, which is commonly using in BEC attacks, is now more common than phishing in social engineering incidents, although the latter is still more prevalent in breaches, the report noted. The median amount stolen in pretexting attacks now stands at $50,000. The vast majority of attacks (97%) over the past year were motivated by financial gain rather than espionage.
https://www.infosecurity-magazine.com/news/bec-volumes-ransomware-costs/
Hackers are Targeting C-Suite Executives Through Their Personal Email
As companies rely on chief financial officers (CFOs) to mitigate risk, cyber attacks and the costs associated with them are a major concern. Now there is also a growing trend of cyber criminals targeting C-suite executives in their personal lives, where it is easier to pull off a breach as there are fewer, if any, protections, instead of targeting them through their business accounts. Once attackers have access, they then try to use this to gain entry to the corporate systems. The report found that 42% of companies have experienced cyber criminal attacks on their senior-level corporate executives, which can compromise sensitive business data. The report found that 58% of respondents stated that cyber threat prevention for executives and their digital assets are not covered in their cyber, IT and physical securities strategies and budgets.
https://fortune.com/2023/06/08/hackers-targeting-c-suite-executives-personal-email-cybersecurity
Proactive Detection is Crucial as Organisations Lack Effective Threat Research
In a recent study, it was found that CISOs are spending significantly less time on threat research and awareness, despite 58% having an increase in their budget for cyber security; the same number reported that their team is so busy, they may not detect an attack. In a different report, keeping up with threat intelligence was identified as one of the biggest challenges faced.
https://www.helpnetsecurity.com/2023/06/06/cisos-cybersecurity-spending/
Number of Vulnerabilities Exploited Rose by 55%
A recent report from Palo Alto Networks’ Unit 42 found that the number of vulnerabilities that attackers are exploiting has grown by 55% compared to 2021, with most of the increase resulting from supply chain vulnerabilities; along with this was a 25% rise in the number of CVE’s, the term used for identified vulnerabilities. Worryingly ChatGPT scams saw a 910% increase in monthly domain registrations, pointing to an exponential growth in fraudulent activities taking advantage of the widespread usage and popularity of AI-powered chatbots.
Such growth puts further strain on cyber security staff, making it even harder for organisations to keep up. A strong threat management programme is needed, to help organisations prioritise threats and use organisational resources effectively to address said threats.
https://www.infosecurity-magazine.com/news/exploitation-vulnerabilities-grew/
https://www.infosecurity-magazine.com/news/cves-surge-25-2022-another-record/
Ransomware Behind Most Cyber Attacks, with Record-breaking May
2022 saw ransomware account for nearly one in four (24%) cyber attacks, with 95% of events resulting in a loss costing upwards of $2.25 million during 2021-2022. Ransomware remains a significant threat as evidenced by a different report, which stated that May 2023 saw a 154% spike in ransomware compared to May 2022. Other key findings include unreported attacks being five times more likely than reported attacks.
4 Areas of Cyber Risk That Boards Need to Address
As technological innovations such as cloud computing, the Internet of Things, robotic process automation, and predictive analytics are integrated into organisations, it makes them increasingly susceptible to cyber threats. This means that governing and assessing cyber risks becomes a prerequisite for successful business performance. This need for transparency has been recognised by the regulators and facilitated by the new cyber security rules to ensure companies maintain adequate cyber security controls and appropriately disclose cyber-related risks and incidents.
To ensure they fulfil the requirements, organisations should focus on the following areas: position security as a strategic business enabler; continuously monitor the cyber risk capability performance; align cyber risk management with business needs through policies and standards; and proactively anticipate the changing threat landscape by utilising threat intelligence sources for emerging threats.
https://hbr.org/2023/06/4-areas-of-cyber-risk-that-boards-need-to-address
North Korea Makes 50% of Income from Cyber Attacks
The North Korean regime makes around half of its income from cyber attacks on cryptocurrency and other targets. A 2019 UN estimate claimed North Korea had amassed as much as $2bn through historic attacks on crypto firms and traditional banks.
North Korean hackers have been blamed for some of the biggest ever heists of cryptocurrency, including the $620m stolen from Sky Mavis’ Ronin Network last year and the $281m taken from KuCoin in 2020 and $35m from Atomic Wallet just this last weekend.
They are using increasingly sophisticated techniques to get what they want. The 3CX supply chain attacks, in which backdoor malware was implanted into a legitimate-looking software update from the eponymous comms provider, is thought to have been a targeted attempt at hitting crypto exchanges.
https://www.infosecurity-magazine.com/news/north-korea-makes-50-income/
Going Beyond “Next Generation” Network Security
Over a decade ago, the phrase “next generation” was used in the network security space to describe the introduction of application-layer controls with firewalls. It was a pivotal moment for the space, setting a new standard for how we protected the perimeter. A lot has happened in the last decade though, most notably, the rapid adoption of cloud and multicloud architectures and the loss of the “perimeter.” Today, 82% of IT leaders have adopted hybrid cloud architectures, and 58% of organisations use between two and three public Infrastructure as a Service (IaaS) clouds. On top of that, 95% of web traffic is encrypted which limits visibility. Applications are everywhere, access privileges are unstructured, increasing the attack surface, and businesses expect near-perfect availability and resilience. To make things more complicated, enterprises have tried to solve these challenges with disparate solutions, leading to vendor sprawl among security stacks and operational inefficiency. What was once considered “next-generation” network security no longer cuts it.
Worldwide 2022 Email Phishing Statistics and Examples
Remote and hybrid work environments have become the new norm. The fact that email has become increasingly integral to business operations, has led malicious actors to favour email as an attack vector. According to a report by security company Egress, 92% of organisations have fallen victim to phishing attacks in 2022, a 29% increase in phishing incidents from 2021. Phishing attacks aimed at stealing info and data, also known as credential phishing, saw a 4% growth in 2022, with nearly 7 million detections. Rather worryingly, there was a 35% increase in the number of detections that related to business email compromise (BEC); these attacks mostly impersonated executives or high-ranking management personnel. With the increase in AI tools, it is expected that cyber criminals will be better able to create and deploy more sophisticated phishing attacks.
https://www.trendmicro.com/en_us/ciso/23/e/worldwide-email-phishing-stats-examples-2023.html
Governance, Risk and Compliance
CISOs, IT lack confidence in executives’ cyber-defence knowledge | CSO Online
Cyber spotlight falls on boardroom ‘privilege’ as incidents soar | Computer Weekly
CISOs focus more on business strategy than threat research - Help Net Security
Only one in 10 CISOs today are board-ready, study says | CSO Online
Employee cyber security awareness takes centre stage in defence strategies - Help Net Security
The Importance of Managing Your Data Security Posture (thehackernews.com)
How CISOs Can Manage the Intersection of Security, Privacy, And Trust (darkreading.com)
Why Companies Should Consider Developing A Chief Security Officer Position (forbes.com)
Want Sustainable Security? Find Middle Ground Between Tech & Education (darkreading.com)
VeeamON 2023: When Your Nightmare Comes True - The New Stack
Make Your Employees Your Best Asset in Combating Cyber crime | CISO Collective (fortinet.com)
UK Organisations lack clear path to achieve threat intelligence - IT Security Guru
CIOs prioritize new technologies over tech stack optimization - Help Net Security
Top factors driving enterprise demand for new cyber security technology - Help Net Security
Factors influencing IT security spending - Help Net Security
How to Boost Cyber Security Through Better Communication (securityintelligence.com)
Generative AI's influence on data governance and compliance - Help Net Security
Essential Cyber security Compliance Standards (trendmicro.com)
Threats
Ransomware, Extortion and Destructive Attacks
Verizon DBIR: Social Engineering Gains Lead to Spiraling Breach Costs (darkreading.com)
Ransomware Behind Most Cyber Attacks, Verizon Business Reports - MSSP Alert
Ransomware Hit New Attack Highs in May 2023, BlackFog Report Says - MSSP Alert
Hacking Spree Feared After Breach of File-Sharing Software - Bloomberg
Clop ransomware likely testing MOVEit zero-day since 2021 (bleepingcomputer.com)
Clop extortion gang gives MOVEit exploit victims one week to reach out | CSO Online
New Linux Ransomware Strain BlackSuit Shows Striking Similarities to Royal (thehackernews.com)
Cyclops Ransomware group offers a multiplatform Info StealerSecurity Affairs
Royal ransomware gang adds BlackSuit encryptor to their arsenal (bleepingcomputer.com)
Ransomware Victims
BA, BBC and Boots staff data hit by Russia-linked cyber attack (telegraph.co.uk)
Ransomware takes down multiple municipalities in May | TechTarget
Several Major Organisations Confirm Being Impacted by MOVEit Attack - SecurityWeek
Spanish Bank Globalcaja Hit By Ransomware Attack - Infosecurity Magazine (infosecurity-magazine.com)
2.5M Impacted by Enzo Biochem Data Leak After Ransomware Attack (darkreading.com)
Burton Snowboards discloses data breach after February attack (bleepingcomputer.com)
City of Dallas Still Clawing Back Weeks After Cyber Incident (darkreading.com)
Caribbean Island Suffers Cyber Attack, MSSP Expert Recommends Low-Code Automation - MSSP Alert
Phishing & Email Based Attacks
Fixing email security: It's still a rocky road ahead - SiliconANGLE
Worldwide 2022 Email Phishing Statistics and Examples (trendmicro.com)
New Security Warning Issued For Google's 1.8 Billion Gmail Users (forbes.com)
New Horabot campaign takes over victim's Gmail, Outlook accounts (bleepingcomputer.com)
Phishing Attack Prevention Checklist - A Detailed Guide (gbhackers.com)
Gmail spoofing vulnerability sparks Google ‘Priority 1’ probe | SC Media (scmagazine.com)
BEC – Business Email Compromise
Other Social Engineering; Smishing, Vishing, etc
Artificial Intelligence
ChatGPT creates mutating malware that evades detection by EDR | CSO Online
The Growing Cyber Threats of Generative AI: Who's Accountable? (darkreading.com)
Consumers overestimate their deepfake detection skills - Help Net Security
Department of Defence AI principles have a place in the CISO’s playbook | CSO Online
Generative AI's influence on data governance and compliance - Help Net Security
Traditional malware increasingly takes advantage of ChatGPT for attacks | CSO Online
OWASP lists 10 most critical large language model vulnerabilities | CSO Online
Japan privacy watchdog warns ChatGPT-maker OpenAI on user data | Reuters
Sextortionists are making AI nudes from your social media images (bleepingcomputer.com)
Cyber crooks Scrape OpenAI API Keys to Pirate GPT-4 (darkreading.com)
2FA/MFA
Malware
High-profile malware and targeted attacks in Q1 2023 | Securelist
ChatGPT creates mutating malware that evades detection by EDR | CSO Online
Malicious Chrome extensions with 75M installs removed from Web Store (bleepingcomputer.com)
Qakbot: The trojan that just won't go away - Help Net Security
Qbot malware adapts to live another day … and another … • The Register
Alarming Surge in TrueBot Activity Revealed with New Delivery Vectors (thehackernews.com)
New PowerDrop Malware Targeting US Aerospace Industry (thehackernews.com)
Dissecting the Dark Web Supply Chain: Stealer Logs in Context (bleepingcomputer.com)
Minecraft Malware Spreading Through Mods, Plug-ins (darkreading.com)
Online sellers targeted by new information-stealing malware campaign (bleepingcomputer.com)
Google puts $1M behind its mining-malware detection promise • The Register
Mobile
Over 60,000 Android apps secretly installed adware for past six months (bleepingcomputer.com)
Android security update fixes Mali GPU flaw exploited by spyware (bleepingcomputer.com)
New tool scans iPhones for 'Triangulation' malware infection (bleepingcomputer.com)
New Android feature drop will scan the dark web for your Gmail address | Trusted Reviews
Apple announces next-level privacy and security innovations - Help Net Security
How Does Android Stack Up Vs IOS? (informationsecuritybuzz.com)
Botnets
New Horabot campaign takes over victim's Gmail, Outlook accounts (bleepingcomputer.com)
Alarming Surge in TrueBot Activity Revealed with New Delivery Vectors (thehackernews.com)
Denial of Service/DoS/DDOS
Outlook.com hit by outages as hacktivists claim DDoS attacks (bleepingcomputer.com)
Microsoft OneDrive down worldwide following claims of DDoS attacks (bleepingcomputer.com)
Internet of Things – IoT
Britain to remove Chinese surveillance gear from government sites | Surveillance | The Guardian
Morrisons and Tesco ban Chinese CCTV cameras over security fears (telegraph.co.uk)
Amazon’s Ring doorbell employees spied on users’ bathrooms (telegraph.co.uk)
High-risk vulnerabilities patched in ABB Aspect building management system - Help Net Security
New York City sues Hyundai, Kia claiming cars easy to steal • The Register
Data Breaches/Leaks
Verizon DBIR: Social Engineering Gains Lead to Spiraling Breach Costs (darkreading.com)
BA, BBC and Boots staff data hit by Russia-linked cyber attack (telegraph.co.uk)
This Google Workspace security flaw could let hackers quietly steal your Drive files | TechRadar
Hackers launch another wave of mass-hacks targeting company file transfer tools | TechCrunch
Massive free VPN data breach exposes 360M records | Fox News
2.5M Impacted by Enzo Biochem Data Leak After Ransomware Attack (darkreading.com)
Cloud misconfiguration causes massive data breach at Toyota Motor | CSO Online
Honda API flaws exposed customer data, dealer panels, internal docs (bleepingcomputer.com)
Every Netherlands resident affected by data leak: watchdog | NL Times
German recruiter Pflegia leaks sensitive job seeker info- Security Affairs
What’s really changed 10 years after the Snowden revelations? | Edward Snowden | The Guardian
Organised Crime & Criminal Actors
Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain
North Korean Hackers Blamed for $35 Million Atomic Wallet Crypto Theft – Security Week
Google puts $1M behind its mining-malware detection promise • The Register
Insider Risk and Insider Threats
Fraud, Scams & Financial Crime
Scammers publish ads for hacking services on government websites | TechCrunch
Hackers hijack legitimate sites to host credit card stealer scripts (bleepingcomputer.com)
A new wave of sophisticated digital fraud hits Europe - Help Net Security
ID fraud a possibility forever, claims data breach lawsuit • The Register
Magento, WooCommerce, WordPress, and Shopify Exploited in Web Skimmer Attack (thehackernews.com)
Brazilian Cyber criminals Using LOLBaS and CMD Scripts to Drain Bank Accounts (thehackernews.com)
Virtual claims raise alarms among insurance carriers and customers - Help Net Security
UK banks to reimburse fraud victims under new rules, regulator confirms | Scams | The Guardian
Impersonation Attacks
'Picture-in-Picture' Obfuscation Spoofs Delta, Kohl's for Credential Harvesting (darkreading.com)
Gmail spoofing vulnerability sparks Google ‘Priority 1’ probe | SC Media (scmagazine.com)
Deepfakes
Sextortionists are making AI nudes from your social media images (bleepingcomputer.com)
Deepfakes being used in ‘sextortion’ scams, FBI warns • The Register
Consumers overestimate their deepfake detection skills - Help Net Security
Defenders Buckle Up for a Future of Detecting Deepfakes (darkreading.com)
Insurance
Dark Web
New Android feature drop will scan the dark web for your Gmail address | Trusted Reviews
Dissecting the Dark Web Supply Chain: Stealer Logs in Context (bleepingcomputer.com)
What is the dark web and how do you access it? (androidpolice.com)
Supply Chain and Third Parties
BA, BBC and Boots staff data hit by Russia-linked cyber attack (telegraph.co.uk)
Clop extortion gang gives MOVEit exploit victims one week to reach out | CSO Online
Clop Ransomware Gang Likely Aware of MOVEit Transfer Vulnerability Since 2021 (thehackernews.com)
Hacking Spree Feared After Breach of File-Sharing Software - Bloomberg
data privacy: Swiss administration hit by cyber attack - The Economic Times (indiatimes.com)
Software Supply Chain
SBOMs - Software Supply Chain Security’s Future or Fantasy? - SecurityWeek
10 security tool categories needed to shore up software supply chain security | CSO Online
Cloud/SaaS
The Annual Report: 2024 Plans and Priorities for SaaS Security (thehackernews.com)
Cloud misconfiguration causes massive data breach at Toyota Motor | CSO Online
This Google Workspace security flaw could let hackers quietly steal your Drive files | TechRadar
Current SaaS security strategies don't go far enough - Help Net Security
Hybrid/Remote Working
Filling the Gaps: How to Secure the Future of Hybrid Work (darkreading.com)
Thought of Going Into Office Gives Quarter of Employees Sunday Scaries - IT Security Guru
Surveilling your employees? You could be putting your company at risk of attack - Help Net Security
Shadow IT
Encryption
API
Honda API flaws exposed customer data, dealer panels, internal docs (bleepingcomputer.com)
OWASP's 2023 API Security Top 10 Refines View of API Risks - SecurityWeek
Passwords, Credential Stuffing & Brute Force Attacks
Social Media
Microsoft Preps $425M Payment for LinkedIn GDPR Violations (darkreading.com)
Hate speech is driving advertisers away from Twitter • Graham Cluley
US government's TikTok ban extended to include contractors • The Register
Training, Education and Awareness
Employee cyber security awareness takes center stage in defense strategies - Help Net Security
Want Sustainable Security? Find Middle Ground Between Tech & Education (darkreading.com)
Make Your Employees Your Best Asset in Combating Cyber crime | CISO Collective (fortinet.com)
How to Boost Cyber security Through Better Communication (securityintelligence.com)
Embracing realistic simulations in cyber security training programs - Help Net Security
Data Protection
SEC drops 42 cases after staff bungle data protection • The Register
Japan privacy watchdog warns ChatGPT-maker OpenAI on user data | Reuters
Microsoft Preps $425M Payment for LinkedIn GDPR Violations (darkreading.com)
Microsoft Fined $20M For Xbox Child Data Collection (darkreading.com)
Careers, Working in Cyber and Information Security
Privacy, Surveillance and Mass Monitoring
Spyware, Cyber Espionage & Cyber Warfare, including Russian Invasion of Ukraine
Nation State Actors
A Peek Behind the Curtain: Examining the Dimensions of a National-level Cyber Program | Mandiant
North Korean APT group targets email credentials in social engineering campaign | CSO Online
UK to strip Chinese surveillance cameras from sensitive government sites | Financial Times (ft.com)
Morrisons and Tesco ban Chinese CCTV cameras over security fears (telegraph.co.uk)
US government's TikTok ban extended to include contractors • The Register
Camaro Dragon Strikes with New TinyNote Backdoor for Intelligence Gathering (thehackernews.com)
Kimsuky APT poses as journalists and broadcast writers in attacks- Security Affairs
Meet TeamT5, the Taiwanese infosec outfit taking on Beijing • The Register
China has closed unofficial ‘police stations’ in Britain, UK minister says | China | The Guardian
Lazarus hackers linked to the $35 million Atomic Wallet heist (bleepingcomputer.com)
Kimsuky Targets Think Tanks and News Media with Social Engineering Attacks (thehackernews.com)
Hostile states face contract ban amid security concerns (thetimes.co.uk)
North Korean Hackers Blamed for $35 Million Atomic Wallet Crypto Theft - SecurityWeek
Vulnerability Management
OWASP lists 10 most critical large language model vulnerabilities | CSO Online
Public sector apps show higher rates of security flaws - Help Net Security
Vulnerabilities
Zyxel vulnerability under 'widespread exploitation' | TechTarget
Barracuda Urges Immediate Replacement of Hacked ESG Appliances (thehackernews.com)
Urgent Security Updates: Cisco and VMware Address Critical Vulnerabilities (thehackernews.com)
High-Severity Vulnerabilities Patched in Splunk Enterprise - SecurityWeek
Zero Day Initiative — CVE-2023-24941: Microsoft Network File System Remote Code Execution
Gigabyte Slams Backdoor Shut With Attack-Killing BIOS Update (darkreading.com)
Zero-Day Alert: Google Issues Patch for New Chrome Vulnerability - Update Now! (thehackernews.com)
Android security update fixes Mali GPU flaw exploited by spyware (bleepingcomputer.com)
High-risk vulnerabilities patched in ABB Aspect building management system - Help Net Security
Easily Exploitable Microsoft Visual Studio Bug Opens Developers to Takeover (darkreading.com)
Tools and Controls
CISOs focus more on business strategy than threat research - Help Net Security
CIOs prioritize new technologies over tech stack optimization - Help Net Security
Going Beyond “Next Generation” Network Security - Cisco Blogs
Make Your Employees Your Best Asset in Combating Cybercrime | CISO Collective (fortinet.com)
UK Organisations lack clear path to achieve threat intelligence - IT Security Guru
Employee cybersecurity awareness takes center stage in defence strategies - Help Net Security
Want Sustainable Security? Find Middle Ground Between Tech & Education (darkreading.com)
Factors influencing IT security spending - Help Net Security
Top factors driving enterprise demand for new cyber security technology - Help Net Security
How to Boost Cyber security Through Better Communication (securityintelligence.com)
MoD adopts ‘secure by design’ for cyber security | UKAuthority
Everyone is selling VPNs, and that's a problem for security | Engadget
ISMG Editors: Why Communications Skills Matter for CISOs (inforisktoday.com)
Phishing Attack Prevention Checklist - A Detailed Guide (gbhackers.com)
Ransomware Attack Prevention Checklist - 2023 (cybersecuritynews.com)
OWASP lists 10 most critical large language model vulnerabilities | CSO Online
This Google Workspace security flaw could let hackers quietly steal your Drive files | TechRadar
Embracing realistic simulations in cyber security training programs - Help Net Security
The Key to Zero Trust Identity Is Automation (darkreading.com)
What generative AI's rise means for the cyber security industry | TechTarget
Cisco spotlights generative AI in security, collaboration | Network World
10 security tool categories needed to shore up software supply chain security | CSO Online
How to Improve Your API Security Posture (thehackernews.com)
Consolidate Vendors and Products for Better Security - SecurityWeek
Sector Specific
Industry specific threat intelligence reports are available.
Contact us to receive tailored reports specific to the industry/sector and geographies you operate in.
· Automotive
· Construction
· Critical National Infrastructure (CNI)
· Defence & Space
· Education & Academia
· Energy & Utilities
· Estate Agencies
· Financial Services
· FinTech
· Food & Agriculture
· Gaming & Gambling
· Government & Public Sector (including Law Enforcement)
· Health/Medical/Pharma
· Hotels & Hospitality
· Insurance
· Legal
· Manufacturing
· Maritime
· Oil, Gas & Mining
· OT, ICS, IIoT, SCADA & Cyber-Physical Systems
· Retail & eCommerce
· Small and Medium Sized Businesses (SMBs)
· Startups
· Telecoms
· Third Sector & Charities
· Transport & Aviation
· Web3
As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.
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Black Arrow Cyber Threat Briefing 24 March 2023
Black Arrow Cyber Threat Briefing 24 March 2023:
-Majority of SMBs Lack Dedicated Cyber Experts and Cyber Incident Response Plans
-Controlling Third-Party Data Risk Should Be a Top Cyber Security Priority
-IT Security Spending to Reach Nearly $300 Billion by 2026
-2023 Cyber Security Maturity Report Reveals Organisational Unpreparedness for Cyber Attacks
-Board Cyber Shortage: Don’t Get Caught Swimming Naked
-Should Your Organisation Be Worried About Insider Threats?
-UK Ransomware Incident Volumes Surge 17% in 2022
-Financial Industry Hit by Rising Ransomware Attacks and BEC
-55 zero-day Flaws Exploited Last Year Show the Importance of Security Risk Management
-Security Researchers Spot $36m BEC Attack
-New Victims Come Forward After Mass Ransomware Attack
-Ransomware Gangs’ Harassment of Victims is Increasing
-Wartime Hacktivism is Spilling Over Into the Financial Services Industry
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
Majority of SMBs Lack Dedicated Cyber Experts and Cyber Incident Response Plans
A recent report conducted by security provider Huntress found some worrying results regarding SMBs lack of dedicated cyber experts and lack of cyber incident response plans. Some of the reports key findings were 24% of SMBs suffering a cyber attack or unsure if they had suffered a cyber attack in the last 12 months, 61% of SMBs not having a dedicated cyber security expert and 47% having no incident response plan. The report found that SMBs struggled to implement basic training and only 9% of employees adhered to security best practices, potentially due to the previously mentioned training struggles. The report highlights a clear need for SMBs to increase their cyber resilience and conduct effective user education and awareness training.
Controlling Third-Party Data Risk Should be a Top Cyber Security Priority
Nearly 60% of all data breaches are initiated via third-party vendors and this is often hard to detect. The ever-increasing use of third party services has led to the average organisation sharing sensitive data with 583 third parties, a worrying number of attack vectors. Due to the impact a third party breach can have on an organisation it is imperative that organisations assess and risk manage their supply chains to increase the organisations cyber resilience.
IT Security Spending to Reach Nearly $300 Billion by 2026
Worldwide spending on security is forecast to be $219 billion in 2023, an increase of 12.1% compared to 2022. This figure is expected to continually rise, reaching nearly $300 billion by 2026. In Europe, it is predicted that the biggest portion of spending will still be represented by services, which will be increasingly leveraged by organisations with limited cyber security experience. Additionally the finance sector, which will have to constantly ensure regulatory adherence, is predicted to be the largest spending sector. Organisations should perform due diligence and ensure that they are using reputable services.
https://www.helpnetsecurity.com/2023/03/20/it-security-spending-2026/
2023 Cyber Security Maturity Report Reveals Organisational Unpreparedness for Cyber Attacks
In 2022 alone cyber attacks increased by 38%, highlighting the need for organisations to have a high level of cyber maturity; despite this, a recent cyber security maturity report ranked UK organisations as 12th globally. Some of the findings from the report included that 32% of organisations were found to have weak passwords and 23% had weak authentication systems.
https://thehackernews.com/2023/03/2023-cybersecurity-maturity-report.html
Board Cyber Shortage: Don’t Get Caught Swimming Naked
The Securities and Exchange Commission recently released their rules on cyber security risk management, strategy governance and incident disclosure by public companies. As part of the rules, the public disclosure of board directors’ cyber risk biographies is mandated. Worryingly, recent research has found that there is a drastic gap in cyber expertise at the board director level, with 90% of companies not having a single director with cyber security expertise. Board directors are able to address this issue by retaining outside expert advisors, upskilling board members or hiring new cyber security board directors.
Should your Organisation be Worried about Insider Threats?
Cyber crime is predicted to reach $10.5 trillion worth, making it a lucrative business venture for opportunist criminals. One of the threats companies face is insider threat; this is where the threat comes from within the organisation. Insider threat can include third-party vendors, business partners and others with access to an organisations systems and networks. The threat an insider poses is commonly thought of as malicious but it can also be negligent, where insiders haven’t received proper user education and awareness training. Worryingly, insider threat is rising and research has shown a significant amount of under-reporting; over 70% of insider attacks never reach the headlines. As such, it is difficult for organisations to gauge the risk of insider threats.
https://www.itsecurityguru.org/2023/03/17/should-your-organization-be-worried-about-insider-threats/
UK Ransomware Incident Volumes Surge 17% in 2022
According to recent research, attacker-reported ransomware incidents increased by 17% annually in the UK last year and 2023 is showing signs of a continual rise. With this continual rise, it is important for organisations to assess and build upon their cyber resilience.
https://www.infosecurity-magazine.com/news/uk-ransomware-incident-surge-17/
Financial Industry Hit by Rising Ransomware Attacks and BEC
According to a recent report by the Financial Services Information Sharing and Analysis Center (FS-ISAC) ransomware remained the biggest concern for the financial industry with an increase in attacks due to ransomware-as-a-service. Furthermore, FS-ISAC found a 300% increase in the number of business email compromise attacks from 2021 to 2022. Artificial intelligence was identified as an upcoming area of concern due to its ability to obfuscate detection.
55 zero-day Flaws Exploited Last Year Show the Importance of Security Risk Management
According to a report from intelligence provider Mandiant 55 zero-days were exploited in 2022 and 13 of those were used in cyber espionage attacks. Of the espionage attacks, 7 related to Chinese threat actors and 2 related to Russian threat actors. The report found that effective security management and patching remained the best protections for organisations.
Security Researchers Spot $36m BEC Attack
Security experts recently identified a single business email compromise attack which amounted to $36.4m. The attack in question contained an invoice, payment instructions, a forged letterhead and even cc’d a legitimate and well known company. The attacker also changed “.com” to “.cam” to imitate a domain. The total cost of BEC based on reported incidents is around $2.7 billion and this is excluding unreported incidents. Organisations should ensure that staff are adequately trained in identifying and reporting such attacks.
https://www.infosecurity-magazine.com/news/security-researchers-spot-36m-bec/
New Victims Come Forward After Mass Ransomware Attack
Russia-linked Ransomware gang “Clop” has claimed a mass hack of 130 organisations via the vendor GoAnywhere, with more victims coming forward. Clop adds names of victims to its dark web site, which is used to extort companies further by threatening to publish the stolen files unless a ransom is paid.
https://techcrunch.com/2023/03/22/fortra-goanywhere-ransomware-attack/
Ransomware Gangs’ Harassment of Victims is Increasing
Analysis by Palo Alto Networks found that harassment was a factor in 20% of ransomware cases, a significant jump from less than 1% in mid 2021. The harassment campaign by threat attackers is intended to make sure that ransom payments are met. This adds to the stress that organisations already face with ransomware incidents.
https://www.techrepublic.com/article/ransomware-gangs-harassment-victims-increasing/
Wartime Hacktivism is Spilling Over into the Financial Services Industry
The Financial Services Information Sharing and Analysis Center (FS-ISAC) has identified that financial firms in countries that Russia considers hostile have been singled out for attacks and these attacks are going to continue if the Russia and Ukraine war persists.
Threats
Ransomware, Extortion and Destructive Attacks
LockBit 3.0 Ransomware: Inside the Cyberthreat That's Costing Millions (thehackernews.com)
UK Ransomware Incident Volumes Surge 17% in 2022 - Infosecurity Magazine (infosecurity-magazine.com)
Banks, Financial Sector Hit By Rising Ransomware Attacks - Bloomberg
BianLian ransomware crew swaps encryption for extortion • The Register
New victims come forward after mass-ransomware attack | TechCrunch
Ransomware Gangs' Harassment of Victims Is Increasing (techrepublic.com)
LockBit ransomware gang now also claims City of Oakland breach (bleepingcomputer.com)
Free decryptor released for Conti-based ransomware following data leak | Tripwire
New 'Trigona' Ransomware Targets US, Europe, Australia - SecurityWeek
Ransomware Strongly Influencing SOC Modernization Strategies, Cybereason Research Shows - MSSP Alert
US govt agencies released an alert on the Lockbit 3.0 ransomware- Security Affairs
Security News This Week: Ring Is in a Standoff With Hackers | WIRED UK
CISA kicks off ransomware vulnerability pilot to help spot ransomware-exploitable flaws | CSO Online
Clop ransomware claims Saks Fifth Avenue, retailer says mock data stolen (bleepingcomputer.com)
Researchers Shed Light on CatB Ransomware's Evasion Techniques (thehackernews.com)
Why CISOs Are Looking to Lateral Security to Mitigate Ransomware | CIO
Dole discloses employee data breach after ransomware attack (bleepingcomputer.com)
Prevent Ransomware with Cyber security Monitoring (trendmicro.com)
Ferrari in a spin as crims steal customer data • The Register
Play ransomware gang hit Dutch shipping firm Royal Dirkzwager- Security Affairs
Hitachi Energy confirms data breach after Clop GoAnywhere attacks (bleepingcomputer.com)
City of Toronto confirms data theft, Clop claims responsibility (bleepingcomputer.com)
Phishing & Email Based Attacks
BEC – Business Email Compromise
Other Social Engineering; Smishing, Vishing, etc
2FA/MFA
Malware
Emotet malware now distributed in Microsoft OneNote files to evade defences (bleepingcomputer.com)
ChatGPT Polymorphic Malware Bypasses Endpoint Detection Filters (cybersecuritynews.com)
RAT developer arrested for infecting 10,000 PCs with malware (bleepingcomputer.com)
Google flags apps made by popular Chinese e-commerce giant as malware | TechCrunch
Mispadu Banking Trojan Targets Latin America: 90,000+ Credentials Stolen (thehackernews.com)
Custom 'Naplistener' Malware a Nightmare for Network-Based Detection (darkreading.com)
New ShellBot DDoS Malware Variants Targeting Poorly Managed Linux Servers (thehackernews.com)
Python info-stealing malware uses Unicode to evade detection (bleepingcomputer.com)
Mobile
Nexus: A New Rising Android Banking Trojan Targeting 450 Financial Apps (thehackernews.com)
The FBI Warns SIM Swapping Attacks Are Rising. What's That? - ReHack
Android apps are spying on you — with no easy way to stop them | Digital Trends
Your Samsung phone may have a big security flaw – here's how to stay safe | TechRadar
How to keep your phone safe from the scary Exynos modem vulnerability (androidpolice.com)
Botnets
Denial of Service/DoS/DDOS
New ‘HinataBot’ botnet could launch massive 3.3 Tbps DDoS attacks (bleepingcomputer.com)
Mirai Hackers Use Golang to Create a Bigger, Badder DDoS Botnet (darkreading.com)
New ShellBot DDoS Malware Variants Targeting Poorly Managed Linux Servers (thehackernews.com)
Internet of Things – IoT
Eufy security cam 'stored unique ID' of everyone filmed • The Register
Google sounds alarm on Samsung modem bugs in Android devices • The Register
EU Council extends product lifetime, clarifies scope in cyber security law – EURACTIV.com
Tesco to ditch Chinese-made CCTV cameras over security and human rights fears (telegraph.co.uk)
Data Breaches/Leaks
Complacency of staff to blame for data breaches (thesundaily.my)
Hitachi Energy confirms data breach after Clop GoAnywhere attacks (bleepingcomputer.com)
Data breaches cost businesses nearly $6M on average: Mastercard | CTV News
Healthcare provider ILS warns 4.2 million people of data breach (bleepingcomputer.com)
NBA is warning fans of a data breach after a third-party newsletter service hack- Security Affairs
Lowe’s Market chain leaves client data up for grabs- Security Affairs
Ferrari discloses data breach after receiving ransom demand (bleepingcomputer.com)
South Korea fines McDonalds for data leak from raw SMB share • The Register
A million at risk from user data leak at Korean beauty platform PowderRoom- Security Affairs
Organised Crime & Criminal Actors
Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain
Fireblocks Discloses Critical Vulnerability in BitGo Ethereum Wallets - Decrypt
General Bytes Bitcoin ATMs hacked using zero-day, $1.5M stolen (bleepingcomputer.com)
Linus Tech Tips' YouTube Channel has been hacked by Crypto Scammers | OC3D News (overclock3d.net)
Insider Risk and Insider Threats
Should Your Organisation Be Worried About Insider Threats? - IT Security Guru
Top 5 Insider Threats to Look Out For in 2023- Security Affairs
Preventing Insider Threats in Your Active Directory (thehackernews.com)
Fraud, Scams & Financial Crime
Detecting face morphing: A simple guide to countering complex identity fraud - Help Net Security
‘My bank did not stop £6,500 payment to holiday scammers despite my pleas’ | Scams | The Guardian
The FBI Warns SIM Swapping Attacks Are Rising. What's That? - ReHack
Hackers inject credit card stealers into payment processing modules (bleepingcomputer.com)
Deepfakes
Insurance
SMBs don't see need for cyber insurance since they won't experience security incidents | ZDNET
Cyber insurance carriers expanding role in incident response | TechTarget
Supply Chain and Third Parties
Controlling Third-Party Data Risk Should Be a Top Cyber security Priority (darkreading.com)
Companies vulnerable to cyber-attack via suppliers - research | RNZ News
Why you should treat ChatGPT like any other vendor service - Help Net Security
MITRE Rolls Out Supply Chain Security Prototype (darkreading.com)
Software Supply Chain
Cloud/SaaS
How access management helps protect identities in the cloud | VentureBeat
Bitcoin ATM maker shuts cloud service after user hot wallets compromised (cointelegraph.com)
The cloud backlash has begun: Why big data is pulling compute back on premises | TechCrunch
Shouldering the Increasingly Heavy Cloud Shared-Responsibility Model (darkreading.com)
The hidden danger to zero trust: Excessive cloud permissions • Graham Cluley
New CISA tool detects hacking activity in Microsoft cloud services (bleepingcomputer.com)
4 Tips for Better AWS Cloud Workload Security (trendmicro.com)
Hybrid/Remote Working
Identity and Access Management
How access management helps protect identities in the cloud | VentureBeat
The impact of AI on the future of ID verification - Help Net Security
Preventing Insider Threats in Your Active Directory (thehackernews.com)
CISA, NSA push identity and access management framework as risks grow | SC Media (scmagazine.com)
API
Open Source
New ShellBot DDoS Malware Variants Targeting Poorly Managed Linux Servers (thehackernews.com)
Open Source Vulnerabilities Still Pose a Big Challenge for Security Teams (darkreading.com)
Passwords, Credential Stuffing & Brute Force Attacks
Social Media
BBC presses staff to uninstall TikTok from corporate kit • The Register
TikTok cannot be considered a private company: report • The Register
Five brutal hours for TikTok: CEO raked over coals amid privacy, security concerns | CyberScoop
Linus Tech Tips' YouTube Channel has been hacked by Crypto Scammers | OC3D News (overclock3d.net)
Training, Education and Awareness
Regulations, Fines and Legislation
Board Cyber Shortage: Don’t Get Caught Swimming Naked (forbes.com)
EU Council extends product lifetime, clarifies scope in cyber security law – EURACTIV.com
India’s infosec reporting rules observed by just 15 orgs • The Register
Why Organisations Need To Go Beyond Federal Cyber security Compliance Standards (forbes.com)
Governance, Risk and Compliance
How CISOs Can Work With the CFO to Get the Best Security Budget (darkreading.com)
How to best allocate IT and cyber security budgets in 2023 - Help Net Security
IT security spending to reach nearly $300 billion by 2026 - Help Net Security
Board Cyber Shortage: Don’t Get Caught Swimming Naked (forbes.com)
How Your Cyber security Strategy Enables Better Business (trendmicro.com)
55 zero-day flaws exploited last year show the importance of security risk management | CSO Online
How Can CISOs Connect With the Board of Directors? (darkreading.com)
Achieving The Five Levels Of Information Security Governance (forbes.com)
Enhance security while lowering IT overhead in times of recession - Help Net Security
Why organisations shouldn't fold to cyber criminal requests - Help Net Security
Models, Frameworks and Standards
Meta Proposes Revamped Approach to Online Kill Chain Frameworks (darkreading.com)
MITRE Rolls Out Supply Chain Security Prototype (darkreading.com)
Backup and Recovery
Data backup, security alerts, and encryption viewed as top security features - Help Net Security
Top 5 security risks for enterprise storage, backup devices - Help Net Security
Data Protection
Careers, Working in Cyber and Information Security
Law Enforcement Action and Take Downs
RAT developer arrested for infecting 10,000 PCs with malware (bleepingcomputer.com)
New York Man Arrested for Running BreachForums Cyber crime Website - SecurityWeek
Privacy, Surveillance and Mass Monitoring
Eufy security cam 'stored unique ID' of everyone filmed • The Register
Use of Meta tracking tools found to breach EU rules on data transfers | TechCrunch
How to protect online privacy in the age of pixel trackers - Help Net Security
Windows 11 Snipping Tool privacy bug exposes cropped image content (bleepingcomputer.com)
French govt clears AI facial scans for Paris Olympics • The Register
Artificial Intelligence
EU's AI regulation vote looms. We’re still not sure how unrestrained AI should be | Euronews
ChatGPT Leaves Governments Scrambling for AI Regulations - Bloomberg
ChatGPT Polymorphic Malware Bypasses Endpoint Detection Filters (cybersecuritynews.com)
Detecting face morphing: A simple guide to countering complex identity fraud - Help Net Security
We need to create guardrails for AI | Financial Times (ft.com)
GPT-4 devises plan to ‘escape’ by gaining control of a user's computer | Mint (livemint.com)
Mastercard strengthens customer security with new AI ‘Cyber Shield’ | Mastercard Newsroom
The impact of AI on the future of ID verification - Help Net Security
7 guidelines for identifying and mitigating AI-enabled phishing campaigns | CSO Online
Why you should treat ChatGPT like any other vendor service - Help Net Security
Mozilla launches a new startup focused on ‘trustworthy’ AI | TechCrunch
French govt clears AI facial scans for Paris Olympics • The Register
Spyware, Cyber Espionage & Cyber Warfare, including Russian Invasion of Ukraine
New Espionage Group 'YoroTrooper' Targeting Entities in European, CIS Countries - SecurityWeek
Palantir: NHS trusts ordered to share patient data with US ‘spy-tech’ firm | openDemocracy
Tesco to ditch Chinese-made CCTV cameras over security and human rights fears (telegraph.co.uk)
Purported Chinese warships interfering with passenger planes • The Register
Putin to staffers: throw out your iPhones over security • The Register
Russia-backed Iridium Hackers Set to Launch Attacks on Ukrainian Government Sites - MSSP Alert
Facebook Security Exec Seaford Hacked by Greek Predator Spyware (gizmodo.com)
BBC presses staff to uninstall TikTok from corporate kit • The Register
New 'Bad Magic' Cyber Threat Disrupt Ukraine's Key Sectors Amid War (thehackernews.com)
Hacker tied to DC Health Link breach says attack 'born out of Russian patriotism' | CyberScoop
Unknown actors target orgs in Russia-occupied Ukraine • The Register
Xi, Putin, declare intent to rule the world of AI, infosec • The Register
North Korean hackers using Chrome extensions to steal Gmail emails (bleepingcomputer.com)
Stealthy hacks show advancements in China's cyberespionage operations, researchers say | CyberScoop
Nation State Actors
New Espionage Group 'YoroTrooper' Targeting Entities in European, CIS Countries - SecurityWeek
Huawei Has Replaced Thousands of US-Banned Parts With Chinese Versions: Founder - SecurityWeek
Tesco to ditch Chinese-made CCTV cameras over security and human rights fears (telegraph.co.uk)
Purported Chinese warships interfering with passenger planes • The Register
TikTok cannot be considered a private company: report • The Register
Five brutal hours for TikTok: CEO raked over coals amid privacy, security concerns | CyberScoop
BBC presses staff to uninstall TikTok from corporate kit • The Register
Google flags apps made by popular Chinese e-commerce giant as malware | TechCrunch
Putin to staffers: throw out your iPhones over security • The Register
Russia-backed Iridium Hackers Set to Launch Attacks on Ukrainian Government Sites - MSSP Alert
New 'Bad Magic' Cyber Threat Disrupt Ukraine's Key Sectors Amid War (thehackernews.com)
Hacker tied to D.C. Health Link breach says attack 'born out of Russian patriotism' | CyberScoop
Unknown actors target orgs in Russia-occupied Ukraine • The Register
Xi, Putin, declare intent to rule the world of AI, infosec • The Register
The pressing threat of Chinese-made drones flying above US critical infrastructure | CyberScoop
Stealthy hacks show advancements in China's cyberespionage operations, researchers say | CyberScoop
Russian hacktivists deploy new AresLoader malware via decoy installers | CSO Online
Vulnerability Management
55 zero-day flaws exploited last year show the importance of security risk management | CSO Online
Hackers mostly targeted Microsoft, Google, Apple zero-days in 2022 (bleepingcomputer.com)
Move, Patch, Get Out the Way: 2022 Zero-Day Exploitation Continues at an Elevated Pace | Mandiant
10 Vulnerabilities Types to Focus On This Year (darkreading.com)
Windows 11, Tesla, Ubuntu, and macOS hacked at Pwn2Own 2023 (bleepingcomputer.com)
Top 5 security risks for enterprise storage, backup devices - Help Net Security
Open Source Vulnerabilities Still Pose a Big Challenge for Security Teams (darkreading.com)
Vulnerabilities
Microsoft Outlook Vulnerability Could Be 2023's 'It' Bug (darkreading.com)
CVE-2023-23397 Outlook exploit: "A proliferation event" (thestack.technology)
Patch CVE-2023-23397 Immediately: What You Need To Know and Do (trendmicro.com)
Cisco fixed severe vulnerabilities in its IOS and IOS XE software- Security Affairs
Exploit released for Veeam bug allowing cleartext credential theft (bleepingcomputer.com)
Experts published PoC exploit code for Veeam Backup & Replication bug- Security Affairs
WordPress force patching WooCommerce plugin with 500K installs (bleepingcomputer.com)
Windows 11 bug warns Local Security Authority protection is off (bleepingcomputer.com)
Bitwarden addresses autofill issue that could be exploited to steal logins - gHacks Tech News
Hackers mostly targeted Microsoft, Google, Apple zero-days in 2022 (bleepingcomputer.com)
Microsoft’s blunders with new Windows 10 update are causing serious headaches | TechRadar
Microsoft: Defender update behind Windows LSA protection warnings (bleepingcomputer.com)
ZenGo uncovers 'red pill attack' vulnerability in popular Web3 apps (cointelegraph.com)
Windows 11 Snipping Tool privacy bug exposes cropped image content (bleepingcomputer.com)
If your Netgear Orbi router isn’t patched, you’ll want to change that pronto | Ars Technica
Attackers Are Probing for Zero-Day Vulns in Edge Infrastructure Products (darkreading.com)
Tools and Controls
Data backup, security alerts, and encryption viewed as top security features - Help Net Security
Majority of SMBs Lack Dedicated Cyber Experts, Incident Response Plan - MSSP Alert
55 zero-day flaws exploited last year show the importance of security risk management | CSO Online
Complacency of staff to blame for data breaches (thesundaily.my)
How access management helps protect identities in the cloud | VentureBeat
Why CISOs Should Prioritize Extended Detection & Response (XDR) - VMware Security Blog - VMware
The Ethics of Network and Security Monitoring (darkreading.com)
Fighting VPN criminalization should be Big Tech’s top priority, activists say | Ars Technica
How network perimeters secure enterprise networks | TechTarget
Top 5 security risks for enterprise storage, backup devices - Help Net Security
Other News
Web Fingerprinting gets frighteningly good: sees through VPNs and Incognito Mode - gHacks Tech News
Journalist plugs in unknown USB drive mailed to him—it exploded in his face | Ars Technica
What Is Shoulder Surfing? How Does It Affect Cyber security (informationsecuritybuzz.com)
Inside the DEA Tool Hackers Allegedly Used to Extort Targets (vice.com)
Top ways attackers are targeting your endpoints - Help Net Security
What Is a Dirty IP Address and How Does It Affect Your Security? (makeuseof.com)
Techno-nationalism explained: What you need to know (techtarget.com)
How Emerging Trends in Virtual Reality Impact Cyber security - IT Security Guru
Pipeline Cyber security Rules Show the Need for Public-Private Partnerships (darkreading.com)
Sector Specific
Industry specific threat intelligence reports are available.
Contact us to receive tailored reports specific to the industry/sector and geographies you operate in.
· Automotive
· Construction
· Critical National Infrastructure (CNI)
· Defence & Space
· Education & Academia
· Energy & Utilities
· Estate Agencies
· Financial Services
· FinTech
· Food & Agriculture
· Gaming & Gambling
· Government & Public Sector (including Law Enforcement)
· Health/Medical/Pharma
· Hotels & Hospitality
· Insurance
· Legal
· Manufacturing
· Maritime
· Oil, Gas & Mining
· OT, ICS, IIoT, SCADA & Cyber-Physical Systems
· Retail & eCommerce
· Small and Medium Sized Businesses (SMBs)
· Startups
· Telecoms
· Third Sector & Charities
· Transport & Aviation
· Web3
As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.
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You can also follow us on Facebook, Twitter and LinkedIn.
Links to articles are for interest and awareness and linking to or reposting external content does not endorse any service or product, likewise we are not responsible for the security of external links.
Black Arrow Cyber Threat Briefing 10 March 2023
Black Arrow Cyber Threat Briefing 10 March 2023:
-Business Email Compromise Attacks Can Take Just Hours
-Research Reveals ‘Password’ is Still the Most Common Term used by Hackers to Breach Enterprise Networks
-Just 10% of Firms Can Resolve Cloud Threats in an Hour
-MSPs in the Crosshair of Ransomware Gangs
-Stolen Credentials Increasingly Empower the Cyber Crime Underground
-It’s Time to Assess the Potential Dangers of an Increasingly Connected World
-Mounting Cyber Threats Mean Financial Firms Urgently Need Better Safeguards
-Developers Leaked 10m Credentials Including Passwords in 2022
-Cyber Threat Detections Surges 55% In 2022
-European Central Bank Tells Banks to Run Cyber Stress Tests after Rise in Hacker Attacks
-Employees Are Feeding Sensitive Business Data to ChatGPT
-Is Ransomware Declining? Not So Fast Experts Say
-Preventing Corporate Data Breaches Starts With Remembering That Leaks Have Real Victims
-Faced With Likelihood of Ransomware Attacks, Businesses Still Choosing to Pay Up
-Experts See Growing Need for Cyber Security Workers as One in Six Jobs go Unfilled
Welcome to this week’s Black Arrow Cyber Threat Briefing – a weekly digest, collated and curated by our cyber threat intelligence 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
Business Email Compromise Attacks Can Take Just Hours
Microsoft’s security intelligence team found that Business Email Compromise (BEC) attacks are moving rapidly, with some taking mere minutes. Microsoft found the whole process, from signing in using compromised credentials to registering typo squatting domains and hijacking an email thread, took threat actors only a couple of hours. Such a rapid attack leaves minimal time for organisations to identify and take preventative action. This is worrying when considering the cost of BEC is predicted to more than tens of billions.
Research Reveals ‘Password’ is Still the Most Common Term used by Hackers to Breach Enterprise Networks
In a report of over 800 million breached passwords, vendor Specops identified some worrying results. Some of the key findings from the report include 88% of passwords used in successful attacks consisting of 12 characters or less and the most common base terms used in passwords involving ‘password’, ‘admin’, ‘welcome’ and ‘p@ssw0rd’. The report found that 83% of the compromised passwords satisfied both the length and complexity requirements of cyber security compliance standards such as NIST, GDPR, HIPAA and Cyber Essentials.
Just 10% of Firms Can Resolve Cloud Threats in an Hour
Two-thirds (39%) of global organisations reported a surge in breaches over the past year, with IT complexity increasing and detection and response capabilities worsening, according to Palo Alto Networks. It found that as enterprises move more of their data and workloads to the cloud, they’re finding it increasingly difficult to discover and remediate incidents quickly. Over two-fifths (42%) reported an increase in mean time to remediate, while 90% said they are unable to detect, contain and resolve cyber-threats within an hour. Nearly a third (30%) reported a major increase in intrusion attempts and unplanned downtime. Part of the challenge appears to be the complexity of their cloud security environments – partly caused by tool bloat.
https://www.infosecurity-magazine.com/news/10-firms-resolve-cloud-threats-hour/
MSPs in the Crosshairs of Ransomware Gangs
Many attacks have heightened attention around third-party risk and the security obligations of MSPs in meeting multiple customers’ IT needs. Attacks such as the ones on RackSpace and LastPass show that some ransomware actors are now intentionally targeting MSPs to access sensitive customer data. It is now believed that some advanced persistent threat (APT) groups could be stepping up their attacks on MSP’s in order to gain sensitive customer data.
https://www.msspalert.com/cybersecurity-research/msps-in-the-crosshairs-of-ransomware-gangs/
Stolen Credentials Increasingly Empower the Cyber Crime Underground
Threat Intelligence provider Flashpoint found that last year threat actors exposed or stole 22.62 billion credentials and personal records, which often make their way to underground forums and cyber criminal markets. This follows a significant increase in market activity; just last year Flashpoint recorded 190 new illicit markets emerge and the continual rise in attacks focused on stealing credentials only further empowers cyber crime underground.
It’s Time to Assess the Potential Dangers of an Increasingly Connected World
As global conflicts continue, cyber has become the fifth front of warfare. The world is approaching 50 billion connected devices, controlling everything from our traffic lights to our nuclear arsenal and we have already seen large-scale cyber attacks. Adding to this, a multitude of infrastructure runs on services ran by a handful of companies; Palo Alto Networks, Cisco and Fortinet control more than 50% of the market for security appliances. As such, an attack on one of these companies could cause a huge ripple effect on their customers.
Mounting Cyber Threats Mean Financial Firms Urgently Need Better Safeguards
According to the International Monetary Fund (IMF) 64% of banks and supervisory authorities do not mandate testing and exercising cyber security and 54% lack dedicated a cyber incident reporting regime. This increases the risk of experiencing a cyber attack. Regularly testing and exercising security will aid any organisation in its cyber resilience.
Insider Threat: Developers Leaked 10m Credentials Including Passwords in 2022
Security provider GitGuardian found that the rate at which developers leaked critical software secrets jumped by 0.5 to reach 5.5 out of every 1,000 commits to GitHub repositories; overall, this amounted to at least 10 million instances of secrets leaking to a public repository. Generic passwords accounted for the majority of leaked secrets (56%) and more than a third (38%) of leaks involved API keys, random number generator seeds and other sensitive strings. These leaks can have worrying consequences for organisations.
Cyber Threat Detections Surges 55% In 2022
Security Provider Trend Micro has said that it stopped 146 billion cyber threats in 2022, a 55% increase on the previous year and evidence of the increase of attacks ramping up. Trend Micro also found a 242% increase in the number of blocked malicious files and an 86% increase in backdoor malware detections with the latter showing an increase in attackers gaining initial access. Furthermore, the number of critical vulnerabilities in 2022 doubled compared to the previous year. Trend Micro noted that this is all likely due to an ever expanding attack surface of organisations.
https://www.infosecurity-magazine.com/news/cyberthreat-detections-surge-55/
European Central Bank Tells Banks to Run Cyber Stress Tests after Rise in Hacker Attacks
The European Central Bank (ECB) will ask all major lenders in the Eurozone to detail by next year, how they would respond to and recover from a successful cyber attack. The ECB is in the process of designing a scenario involving a theoretical breach of the financial system’s cyber defences, which will be sent to all of the 111 banks it assesses to see how they would react. The stress test stems from the increasing amount of cyber attacks. If cyber has shown us anything, it’s that anyone can be a target and performing a stress test would help any organisation prepare for the worst.
https://www.ft.com/content/f03d68a4-fdb9-4312-bda3-3157d369a4a6
Employees Are Feeding Sensitive Business Data to ChatGPT
1 in 20 employees have put sensitive corporate data into popular AI tool ChatGPT, raising concerns that this could result in massive leaks of proprietary information. In some cases, this has involved employees cutting and pasting strategic documents and asking ChatGPT to make a PowerPoint.
Is Ransomware Declining? Not So Fast Experts Say
Security provider CrowdStrike have explained that the perceived decline in ransomware reflects the abilities of threat actors to adapt, splinter and regroup against defensive measures. CrowdStrike expand on this, stating that whilst ransom payments dipped slightly in 2022, there was an uprise in data extortion and ransomware as a service (RaaS).
Preventing Corporate Data Breaches Starts with Remembering that Leaks have Real Victims
The impact a data breach can have on an individual is devastating and ultimately there’s not much an individual can do themselves if the organisation that holds their data isn’t taking the right steps. To best protect themselves and their clients’ data, organisations should look to have appropriate defence in depth controls, including effective asset management, an open security culture, close monitoring of access, utilising strong authentication and maintaining an awareness of the ever changing threat landscape.
https://www.helpnetsecurity.com/2023/03/07/preventing-corporate-data-breaches/
Faced With Likelihood of Ransomware Attacks, Businesses Still Choosing to Pay Up
In a recent report Proofpoint found that globally 76% of organisations experienced ransomware attempts, with 64% eventually infected. Amongst those that had a cyber insurance policy, 82% of insurers stepped up to pay the ransom either in full or partially. The report found that with the rise in number and sophistication of attacks it is more important than ever for proper security training and awareness in organisations.
Experts See Growing Need for Cyber Security Workers as One in Six Jobs go Unfilled
A report by the Information and Communications Technology Council (ICTC) found that 1 in 6 cyber security jobs are unfulfilled and this is only expected to grow in the coming years. The ICTC stated that “This is not just about education or government funding, but about companies willing to provide hands-on training and experience to the next generation of cyber security experts”.
Threats
Ransomware, Extortion and Destructive Attacks
Faced with likelihood of ransomware attacks, businesses still choosing to pay up | ZDNET
Is ransomware declining? Not so fast, experts say | TechTarget
FBI and CISA warn of increasing Royal ransomware attack risks (bleepingcomputer.com)
City of Oakland Faces Major Data Leak - Infosecurity Magazine (infosecurity-magazine.com)
Indigo Books Refuses LockBit Ransomware Demand (darkreading.com)
Core Members of DoppelPaymer Ransomware Gang Targeted in Germany and Ukraine (thehackernews.com)
Ransom House ransomware attack hit Hospital Clinic de Barcelona- - Security Affairs
Security Patch Management Strengthens Ransomware Defence (trendmicro.com)
Ransomware gang posts video of data stolen from Minneapolis schools (bleepingcomputer.com)
IceFire ransomware now encrypts both Linux and Windows systems (bleepingcomputer.com)
Examining Ransomware Payments From a Data-Science Lens (trendmicro.com)
Cyble — BlackSnake Ransomware Emerges from Chaos Ransomware's Shadow
Phishing & Email Based Attacks
AI is taking phishing attacks to a whole new level of sophistication - Help Net Security
Catches of the Month: Phishing Scams for March 2023 - IT Governance UK Blog
BEC – Business Email Compromise
Other Social Engineering; Smishing, Vishing, etc
Experts Warn of "SMS Pumping" Fraud Epidemic - Infosecurity Magazine (infosecurity-magazine.com)
Vishing attacks increasing, but AI's role still unclear | TechTarget
2FA/MFA
NCSC: Twitter Users Should Find MFA Alternatives - Infosecurity Magazine (infosecurity-magazine.com)
Malware
DrayTek VPN routers hacked with new malware to steal data, evade detection (bleepingcomputer.com)
Malicious PyPI package signals direction of cyber crime • The Register
How to prevent Microsoft OneNote files from infecting Windows with malware (bleepingcomputer.com)
Stealthy UEFI malware bypassing Secure Boot enabled by unpatchable Windows flaw | Ars Technica
New malware infects business routers for data theft, surveillance (bleepingcomputer.com)
Old Windows ‘Mock Folders’ UAC bypass used to drop malware (bleepingcomputer.com)
Emotet malware attacks return after three-month break (bleepingcomputer.com)
AI-Powered 'BlackMamba' Keylogging Attack Evades Modern EDR Security (darkreading.com)
New ScrubCrypt Crypter Used in Cryptojacking Attacks Targeting Oracle WebLogic (thehackernews.com)
Hackers Exploiting Remote Desktop Software Flaws to Deploy PlugX Malware (thehackernews.com)
Custom Chinese Malware Found on SonicWall Appliance - SecurityWeek
FBI and international cops catch a NetWire RAT • The Register
Mobile
Denial of Service/DoS/DDOS
Internet of Things – IoT
Data Breaches/Leaks
Credential Stuffing attack on Chick-fil-A impacted +71K users- Security Affairs
Popular fintech apps expose valuable, exploitable secrets - Help Net Security
PayPal Sued Over Data Breach that Impacted 35,000 users (hackread.com)
Acer Data Breach? Hacker Claims to Sell 160GB Trove of Stolen Data (hackread.com)
Data breach exposed millions of Verizon customers' account info (androidpolice.com)
Congress’ Social Security Numbers Leaked in DC Health Link Hack (gizmodo.com)
Data protection vendor Acronis admits to data leak • The Register
AT&T confirms 9m wireless accounts exposed by third part • The Register
Organised Crime & Criminal Actors
BidenCash leaks 2.1M stolen credit/debit cards- Security Affairs
Malicious PyPI package signals direction of cyber crime • The Register
Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain
FTX Confirms $9 Billion in Customer Funds Vanished (gizmodo.com)
Russia-Ukraine war: How both sides of the conflict have used crypto to win (cointelegraph.com)
New ScrubCrypt Crypter Used in Cryptojacking Attacks Targeting Oracle WebLogic (thehackernews.com)
Insider Risk and Insider Threats
Fraud, Scams & Financial Crime
FTX Confirms $9 Billion in Customer Funds Vanished (gizmodo.com)
Experts Warn of "SMS Pumping" Fraud Epidemic - Infosecurity Magazine (infosecurity-magazine.com)
Scammers using voice-cloning A.I. to mimic relatives | Fortune
Alleged security breach leaves millions of dollars missing from Flutterwave accounts | TechCrunch
New Rise In ChatGPT Scams Reported By Fraudsters (informationsecuritybuzz.com)
Deepfakes
Insurance
Dark Web
Supply Chain and Third Parties
Snap CISO talks risky supply chain security business • The Register
SolarWinds IR lead: supply-chain attacks 'getting bigger' • The Register
AT&T confirms 9m wireless accounts exposed by third part • The Register
Software Supply Chain
Cloud/SaaS
Experts Reveal Google Cloud Platform's Blind Spot for Data Exfiltration Attacks (thehackernews.com)
Hackers are quickly learning how to target cloud systems (axios.com)
Attack Surface Management
Asset Management
Encryption
New TPM 2.0 flaws could let hackers steal cryptographic keys (bleepingcomputer.com)
New Steganography Breakthrough Enables “Perfectly Secure” Digital Communications (scitechdaily.com)
API
Open Source
Passwords, Credential Stuffing & Brute Force Attacks
Stolen credentials increasingly empower the cyber crime underground | CSO Online
Credential Stuffing attack on Chick-fil-A impacted +71K users- Security Affairs
The Role of Verifiable Credentials In Preventing Account Compromise (darkreading.com)
Young government workers show poor password management habits - Help Net Security
Social Media
NCSC: Twitter Users Should Find MFA Alternatives - Infosecurity Magazine (infosecurity-magazine.com)
Training, Education and Awareness
Regulations, Fines and Legislation
Governance, Risk and Compliance
Inadequate patches and advisories increase cyber risk - Help Net Security
Why do Businesses Need to Focus More on Cyber security (hackread.com)
Flashpoint: Threat vectors converging, increasing damage | TechTarget
How to achieve and shore up cyber resilience in a recession - Help Net Security
The cyber security landscape in the era of economic instability – Help Net Security
Models, Frameworks and Standards
Open letter demands OWASP overhaul, warns of mass project exodus | CSO Online
NIST Retooling Cyber security Framework to Reflect Changing Cyber scape – MSSP Alert
Data Protection
Careers, Working in Cyber and Information Security
Law Enforcement Action and Take Downs
Core Members of DoppelPaymer Ransomware Gang Targeted in Germany and Ukraine (thehackernews.com)
FBI and international cops catch a NetWire RAT • The Register
Privacy, Surveillance and Mass Monitoring
Secret Service and ICE break the law with fake phone towers • The Register
Thought you'd opted out of online tracking? Think again • The Register
Artificial Intelligence
AI is taking phishing attacks to a whole new level of sophistication - Help Net Security
Employees Are Feeding Sensitive Business Data to ChatGPT (darkreading.com)
You can poison AI datasets for just $60, a new study shows (fastcompany.com)
Thousands scammed by AI voices mimicking loved ones in emergencies | Ars Technica
Vishing attacks increasing, but AI's role still unclear | TechTarget
AI-Powered 'BlackMamba' Keylogging Attack Evades Modern EDR Security (darkreading.com)
Criminals will use ChatGPT to unleash wave of fraud, warns Darktrace (telegraph.co.uk)
Misinformation, Disinformation and Propaganda
Spyware, Cyber Espionage & Cyber Warfare, including Russian Invasion of Ukraine
What can security teams learn from a year of cyber warfare? | Computer Weekly
Pegasus spyware used to spy on a Polish mayor- Security Affairs
Russia-Ukraine war: How both sides of the conflict have used crypto to win (cointelegraph.com)
Sharp Panda targets government entities in Southeast Asia- Security Affairs
Managed Service Provider Identifies Potential Chinese Spy Ring - MSSP Alert
Chinese cyber spies target unpatched SonicWall gear • The Register
Nation State Actors
What can security teams learn from a year of cyber warfare? | Computer Weekly
Russia Bans Messengers, Including WhatsApp, Telegram, And More (informationsecuritybuzz.com)
Russia-Ukraine war: How both sides of the conflict have used crypto to win (cointelegraph.com)
China-aligned APT is exploring new technology stacks for malicious tools - Help Net Security
Sharp Panda targets government entities in Southeast Asia- Security Affairs
Managed Service Provider Identifies Potential Chinese Spy Ring - MSSP Alert
Chinese cyber spies target unpatched SonicWall gear • The Register
Lazarus group infiltrated South Korean finance firm twice last year | CSO Online
New Chinese regulatory body expected to streamline data governance rules | CSO Online
Vulnerability Management
Inadequate patches and advisories increase cyber risk - Help Net Security
Build Cyber Resiliency With These Security Threat-Mitigation Considerations
Zero Day Threat Protection for Your Network (trendmicro.com)
557 CVEs Added to CISA's Known Exploited Vulnerabilities Catalog in 2022 - SecurityWeek
Machine Learning Improves Prediction of Exploited Vulnerabilities (darkreading.com)
Security Patch Management Strengthens Ransomware Defense (trendmicro.com)
VulnCheck: CISA's KEV missing 42 vulnerabilities from 2022 | TechTarget
Vulnerabilities
Researchers discover 'kill switch' in Starlink terminals - Security - iTnews
PoC exploit for recently patched Microsoft Word RCE is public (CVE-2023-21716) - Help Net Security
CISA's KEV Catalog Updated with 3 New Flaws Threatening IT Management Systems (thehackernews.com)
Exploitation of Critical Vulnerability in End-of-Life VMware Product Ongoing - SecurityWeek
Fortinet warns of new critical unauthenticated RCE vulnerability (bleepingcomputer.com)
Chinese cyber spies target unpatched SonicWall gear • The Register
Bitwarden flaw can let hackers steal passwords using iframes (bleepingcomputer.com)
Veeam warns to install patches to fix a bug in Backup & Replication- Security Affairs
Hackers Exploiting Remote Desktop Software Flaws to Deploy PlugX Malware (thehackernews.com)
Vulnerability Exposes Cisco Enterprise Routers to Disruptive Attacks - SecurityWeek
Jenkins Server Vulnerabilities Chained for Remote Code Execution - SecurityWeek
Other News
Biden Administration's Cyber security Strategy Takes Aim at Hackers (gizmodo.com)
Tracking device technology: A double-edged sword for CISOs | CSO Online
From Disinformation to Deep Fakes: How Threat Actors Manipulate Reality (thehackernews.com)
What CISOs need to understand about document signing - Help Net Security
Thousands of websites hacked as part of redirection campaign- Security Affairs
Sector Specific
Industry specific threat intelligence reports are available.
Contact us to receive tailored reports specific to the industry/sector and geographies you operate in.
· Automotive
· Construction
· Critical National Infrastructure (CNI)
· Defence & Space
· Education & Academia
· Energy & Utilities
· Estate Agencies
· Financial Services
· FinTech
· Food & Agriculture
· Gaming & Gambling
· Government & Public Sector (including Law Enforcement)
· Health/Medical/Pharma
· Hotels & Hospitality
· Insurance
· Legal
· Manufacturing
· Maritime
· Oil, Gas & Mining
· OT, ICS, IIoT, SCADA & Cyber-Physical Systems
· Retail & eCommerce
· Small and Medium Sized Businesses (SMBs)
· Startups
· Telecoms
· Third Sector & Charities
· Transport & Aviation
· Web3
As usual, contact us to help assess where your risks lie and to ensure you are doing all you can do to keep you and your business secure.
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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.