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Black Arrow Cyber Threat Briefing 03 May 2024

Black Arrow Cyber Threat Intelligence Briefing 03 May 2024:

-Most Attacks Impacting SMB’s Target Older, Unpatched Vulnerabilities

-91% of Ransomware Victims Paid At least One Ransom in the Past Year, as 1 in 5 Ransomware Attacks Triggers Lawsuit

-BEC and Fund Transfer Fraud Top Insurance Claims

-Correlating Cyber Investments with Business Outcomes

-Vulnerability Exploitation up 180%, 68% of Breaches involved Humans and Supply Chain Weak Link

-MOVEit & Change Healthcare Attacks Designated as Cyber Catastrophe Loss Events by Insurer

-Securing Your Organisation’s Supply Chain: Reducing the Risks of Third Parties

-Why Remote Desktop Tools are Facing an Onslaught of Cyber Threats

-95% of Organisations Revamped Cyber Security Strategies in the Last Year: Make Sure Yours is Right

-Human Factor a Significant Risk for Small and Medium-Sized Businesses.

-Microsoft CEO Says it is Putting Security Above All Else in Major Refocus

-Ending the Culture of Silence in Cyber Security; Three Ways to Empower Teams

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

Most Attacks Impacting SMB’s Target Older, Unpatched Vulnerabilities

Attackers continue to aggressively target small and mid-size businesses using specific high-profile vulnerabilities dating back a decade or more, network telemetry shows. Findings have shown that this is due to these vulnerabilities featuring in a wide range of products. Due to their prevalence, they can often become missed by organisations conducting patch management and therefore leave the organisation open.

For this reason it is critical that all organisations, including smaller organisations, have internal as well as external vulnerability scanning. You might believe your systems are patched up to date but there is no way to confirm without scanning , or to know which patches might have been missed.

Sources: [Infosecurity Magazine]

91% of Ransomware Victims Paid At least One Ransom in the Past Year, as 1 in 5 Ransomware Attacks Triggers Lawsuit

Ransomware attacks saw a significant surge in 2023, following a dip in 2022. The number of victims increased by 66% from 2022 to 2023, with 91% of those affected paying at least one ransom. 58% of organisations have been targeted six times or more.

The Sophos State of Ransomware 2023 report highlighted ransom payments rose by 500%; nearly two-thirds exceeded $1m or more, with an average payment of $2m. Furthermore, 30% of the demands were for over $5m.

In the US, 18% of incidents led to litigation, with 123 lawsuits filed in 2023 and 355 over five years. Data breaches, affecting 283.3 million records, primarily triggered these lawsuits, especially in healthcare and finance sectors. The resolution rate is 59%, with the highest settlement at $8.7m. Regulatory fines added nearly $10m to the financial impact. These figures underscore the significant financial implications of ransomware attacks and the urgent need for robust cyber security measures.

Sources: [ZD Net] [Infosecurity Magazine] [Security Magazine] [PrNewsWire] [Infosecurity Magazine]

BEC and Fund Transfer Fraud Top Insurance Claims

Cyber Insurer Coalition's 2024 Cyber Claims Report highlights a significant trend in cyber security threats, identifying email-based fraud as the predominant cause of insurance claims in 2023, accounting for 53% of all claims. Business email compromise (BEC) and funds transfer fraud (FTF) topped the list, contributing to 28% of claims and increasing claim amounts by 24% to an average loss exceeding $278,000. In contrast, ransomware, while less frequent at 19% of claims, also saw a rise in both frequency and severity, with average losses climbing to over $263,000. The report also notes a 13% year-on-year surge in overall claims, with substantial losses tied to compromised network security devices and a notable vulnerability in organisations using exposed remote desktop protocols.

Source: [Infosecurity Magazine]

Correlating Cyber Investments with Business Outcomes

The US Securities and Exchange Commission (SEC) has implemented stringent new rules compelling organisations to report significant cyber incidents within four days and to annually disclose details concerning their cyber security risk management, strategy, and governance. These mandates are seen as giving “more teeth to the idea that cyber security is a business problem” and “bringing an element of cyber security to the boardroom” according to cyber security solutions provider SecurityGate. Highlighted in the "Cybersecurity Insights" podcast, experts argue for simplifying cyber security strategies, advocating sustained resource allocation over reactive measures, and emphasising the importance of training over expensive solutions. These steps are deemed crucial for enhancing organisational resilience and security in a landscape where cyber threats are increasingly sophisticated and pervasive.

Source: [InfoRisk Today] 

Verizon: Vulnerability Exploitation up 180%, 68% of Breaches involved Humans and Supply Chain Weak Link

Verizon has released the findings of its 17th Annual Data Breach Investigations Report, which showed security incidents doubled year over year in 2023 to a record high 30,458 security events and 10,626 confirmed breaches. Some of the key takeaways from the 100-page report include zero-day attacks on unpatched systems and devices rising 180% in 2023, most breaches (68%) involving a non-malicious human element and the median time for users to fall for phishing emails falling just south of 60 seconds. In its first inclusion as a separate metric, supply chain attacks were found to contribute to 15% of all attacks.

Sources: [MSSP Alert] [Verizon]

MOVEit & Change Healthcare Attacks Designated as Cyber Catastrophe Loss Events by Insurer

Verisk’s Property Claim Services (PCS) has recently identified the MOVEit and Change Healthcare cyber attacks as significant Cyber Catastrophe Loss Events. These designations are part of PCS’s Global Cyber solution, which tracks cyber incidents and their potential impact on the insurance market. The designation indicates that each attack is anticipated to result in insurance industry losses exceeding USD 250 million.

The MOVEit attack, linked to the Russian-affiliated group Cl0p, compromised over 2,700 organisations globally, affecting up to 90 million individuals. The Change Healthcare attack, attributed to the ALPHV/Blackcat gang, notably disrupted UnitedHealth Group’s operations, with projected costs and lost revenue totalling up to USD 1.6 billion. These designations highlight the escalating scale and financial impact of cyber incidents on global markets.

Source: [Reinsurance News]

Securing Your Organisation’s Supply Chain: Reducing the Risks of Third Parties

Nearly every organisation is part of a supply chain, where a significant amount of data is transferred. When data leaves your infrastructure, its security depends on the third party. The risks of a cyber incident increases as the supply chain increases.

Organisations need to mitigate the risks that their third party brings. This requires an understanding of the supply chain actors, and performing cyber security assessments of the most critical ones. The objective is to ensure that your organisation is satisfied with the third party’s security controls, or to work together to remediate any gaps.

Source: [Help Net Security]

Why Remote Desktop Tools are Facing an Onslaught of Cyber Threats

In the era of hybrid work, remote desktop tools have become crucial yet vulnerable points within corporate networks, attracting significant cyber criminal attention. A study by Barracuda Networks underscores the challenges of securing these tools. Virtual Network Computing (VNC) is particularly susceptible; it is targeted in 98% of these types of attacks due to its use of multiple, sometimes unsecured ports. VNC attacks predominantly exploit weak password practices, notably through brute force methods. Conversely, Remote Desktop Protocol (RDP) accounts for about 1.6% of these attacks but is favoured for more extensive network breaches, often involving ransomware or crypto mining. The study highlights a pressing need for robust endpoint management and heightened security measures to mitigate these threats.

Source: [ITPro]

95% of Organisations Revamped Cyber Security Strategies in the Last Year: Make Sure Yours is Right

A recent report found that 95% of companies have altered their cyber security strategies in the last twelve months. This was driven by keeping pace with the shifting regulatory landscape (98%), the need to meet customer expectations for data protection and privacy (89%), and the rise of AI-driven threats and solutions (65%). Almost half (44%) of non-security executives do not understand the regulatory requirements their organisation must adhere to.

When it came to reporting, the study found that security teams aren’t reporting on key operational metrics that define whether their security investments and strategy changes have a measurable impact. It is evident that there is a disconnect between security and non-security professionals when it comes to the business strategy.

Sources: [Business Wire] [Security Magazine]

Human Factor a Significant Risk for Small and Medium-Sized Businesses.

A survey of business and IT security in small and medium-sized businesses (SMBs) conducted by LastPass found that roughly one in five business leaders admits to circumventing security policies, as do one in 10 IT security leaders. The survey found that password management is critically important to cyber security, with nearly half (47%) reporting recent breaches due to compromised passwords.

Sources: [Beta News] [Business Wire]

Microsoft CEO Says it is Putting Security Above All Else in Major Refocus

Following a series of high-profile attacks in recent months and a report by the US Cyber Safety Review Board (CSRB), Microsoft’s CEO has revealed it will now focus its efforts on an increase in the commitment to security. Investigating a summer 2023 attack, Microsoft was deemed to have made a series of “avoidable errors”, including the failure to detect several compromises, the CSRB said.

Sources: [TechRadar]

Ending the Culture of Silence in Cyber Security; Three Ways to Empower Teams

A recent discussion on workplace errors highlights the significant repercussions of cyber breaches compared to typical office mistakes. In the UK, nearly a third of businesses face cyber attacks weekly, with each breach costing approximately £4,000. However, a concerning trend is that 41% of these breaches are not reported to internal leadership, often due to fears among staff about the consequences of admitting faults. A three-pronged approach has been suggested to foster a blame-free culture: providing tailored and evolving cyber training, establishing safe zones for admitting mistakes, and implementing robust recovery plans. This approach not only prepares employees to handle potential breaches more effectively but also encourages them to report incidents promptly, reducing the overall impact and aiding quicker recovery. Such strategies are essential for maintaining resilience against increasingly sophisticated cyber threats.

Source: [Minute Hack]

Governance, Risk and Compliance

Threats

Ransomware, Extortion and Destructive Attacks

Ransomware Victims

Phishing & Email Based Attacks

BEC

Other Social Engineering

Artificial Intelligence

2FA/MFA

Malware

Mobile

Denial of Service/DoS/DDOS

Internet of Things – IoT

Data Breaches/Leaks

Organised Crime & Criminal Actors

Insider Risk and Insider Threats

Insurance

Supply Chain and Third Parties

Cloud/SaaS

Encryption

Linux and Open Source

Passwords, Credential Stuffing & Brute Force Attacks

Social Media

Training, Education and Awareness

Regulations, Fines and Legislation

Data Protection

Careers, Working in Cyber and Information Security

Law Enforcement Action and Take Downs

Misinformation, Disinformation and Propaganda

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

Cyber Warfare and Cyber Espionage

Nation State Actors

China

Russia

Iran

North Korea

Other Nation State Actors, Hacktivism, Extremism, Terrorism and Other Geopolitical Threat Intelligence

Vulnerability Management

Vulnerabilities

Tools and Controls

Other News

Sector Specific

Industry specific threat intelligence reports are available.

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

·         Automotive

·         Construction

·         Critical National Infrastructure (CNI)

·         Defence & Space

·         Education & Academia

·         Energy & Utilities

·         Estate Agencies

·         Financial Services

·         FinTech

·         Food & Agriculture

·         Gaming & Gambling

·         Government & Public Sector (including Law Enforcement)

·         Health/Medical/Pharma

·         Hotels & Hospitality

·         Insurance

·         Legal

·         Manufacturing

·         Maritime

·         Oil, Gas & Mining

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

·         Retail & eCommerce

·         Small and Medium Sized Businesses (SMBs)

·         Startups

·         Telecoms

·         Third Sector & Charities

·         Transport & Aviation

·         Web3

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

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

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

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

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Black Arrow Cyber Advisory 04/08/2022 – Cisco provides patches for critical vulnerabilities in SMB Routers

Black Arrow Cyber Advisory 04/08/2022 – Cisco provides patches for critical vulnerabilities in SMB Routers

Executive Summary

Cisco has supplied patches which address multiple vulnerabilities for their Small Business routers. Three of these vulnerabilities could be used by an unauthenticated attacker to remotely execute code on the device, or cause denial of service to the device.

What’s the risk to me or my business?

The critical vulnerability relates to the web-based management interface, which can lead to the full compromise of the device. As these devices are on the network perimeter, compromise of these devices can lead to further breaches of other networked systems and data.

What can I do?

Cisco has released software updates to address the vulnerabilities, which are available for download from their website, and should be applied out of band where possible, due to the severity of this issue.

Technical Summary

The following is a breakdown of the vulnerabilities with the affected Cisco products.

CVE-2022-20842: A remote code execution vulnerability with a CVSS 3.0 rating of 9.8, which allows a malicious attacker to exploit insufficient validation on user-supplied input by providing a crafted HTTP input to an affected device, allowing them to execute arbitrary code as the root user, or reload the device resulting in DOS. Affected devices:

·         RV340 Dual WAN Gigabit VPN Routers

·         RV340W Dual WAN Gigabit Wireless-AC VPN Routers

·         RV345 Dual WAN Gigabit VPN Routers

·         RV345P Dual WAN Gigabit POE VPN Routers

CVE-2022-20827: A command injection vulnerability with a CVSS 3.0 rating of 9.0, which allows a malicious attacker to exploit insufficient validation on the web filter database update feature, to perform command injection and execute commands with root privileges. Affected devices:

·         RV160 VPN Routers

·         RV160W Wireless-AC VPN Routers

·         RV260 VPN Routers

·         RV260P VPN Routers with PoE

·         RV260W Wireless-AC VPN Routers

·         RV340 Dual WAN Gigabit VPN Routers

·         RV340W Dual WAN Gigabit Wireless-AC VPN Routers

·         RV345 Dual WAN Gigabit VPN Routers

·         RV345P Dual WAN Gigabit POE VPN Routers

CVE-2022-20841: A command injection vulnerability with a CVSS 3.0 rating of 8.3, which allows a malicious attacker to exploit insufficient validation on the Open Plug and Play command, to perform command injection and execute commands on the underlying operating system via a man-in-the-middle attack or from another compromised device on the network. Affected devices:

·         RV160 VPN Routers

·         RV160W Wireless-AC VPN Routers

·         RV260 VPN Routers

·         RV260P VPN Routers with PoE

·         RV260W Wireless-AC VPN Routers

·         RV340 Dual WAN Gigabit VPN Routers

·         RV340W Dual WAN Gigabit Wireless-AC VPN Routers

·         RV345 Dual WAN Gigabit VPN Routers

·         RV345P Dual WAN Gigabit POE VPN Routers

Further technical information including links to software patches for specific affected devices can be found here: Cisco Small Business RV Series Routers Vulnerabilities

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

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Black Arrow Cyber Threat Briefing 01 July 2022

Black Arrow Cyber Threat Briefing 01 July 2022:

-Ransomware Is the Biggest Global Cyber Threat. And The Attacks Are Still Evolving

-Study Reveals Traditional Data Security Tools Have a 60% Failure Rate Against Ransomware and Extortion

-Patchable and Preventable Security Issues Lead Causes of Q1 Attacks

-Three in Four Vulnerability Management Programs Ineffective, NopSec Research Finds

-EMEA Continues to Be a Hotspot for Malware Threats

-A New, Remarkably Sophisticated Malware Is Attacking Home and Small Office Routers

-What Are Shadow IDs, and How Are They Crucial in 2022?

-Zero-Days Aren't Going Away Anytime Soon & What Leaders Need to Know

-Half of 2022's Zero-Days Are Variants of Previous Vulnerabilities

-Human Error Remains the Top Security Issue

-Carnival Cruises Torpedoed by US States, Agrees to Pay $6m After Wave of Cyber Attacks

-Uber Ex-Security Chief Accused of Hacking Coverup Must Face Fraud Charges, Judge Rules

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

Top Cyber Stories of the Last Week

  • Ransomware Is the Biggest Global Cyber Threat. And The Attacks Are Still Evolving

Ransomware is the biggest cyber security threat facing the world today, with the potential to significantly affect whole societies and economies – and the attacks are unrelenting, the head of the National Cyber Security Centre (NCSC) has warned.

"Even with a war raging in Ukraine – the biggest global cyber threat we still face is ransomware. That tells you something of the scale of the problem. Ransomware attacks strike hard and fast. They are evolving rapidly, they are all-pervasive, they're increasingly offered by gangs as a service, lowering the bar for entry into cyber crime," said Lindy Cameron, CEO of the NCSC in a speech at Tel Aviv Cyber Week.

She added that the NCSC has dealt with "nationally significant incidents" along with hundreds of general cyber incidents that "affect the UK more widely every year".

While she didn't detail any specific instances of responding to ransomware incidents, Cameron warned that "these complex attacks have the potential to affect our societies and economies significantly", and implied that if it weren't for the work of NCSC incident responders, alongside their counterparts in the industry and international counterparts, the attacks could have had a major impact.

https://www.zdnet.com/article/ransomware-attacks-are-the-biggest-global-cyber-threat-and-still-evolving-warns-cybersecurity-chief/

  • Study Reveals Traditional Data Security Tools Have a 60% Failure Rate Against Ransomware and Extortion

Titaniam, Inc., the data security platform, announced the ‘State of Data Exfiltration & Extortion Report.’ The survey revealed that while over 70% of organisations have an existing set of prevention, detection, and backup solutions, nearly 40% of organisations have been hit with ransomware attacks in the last year, and more than 70% have experienced one in the previous five years, proving existing solutions to be woefully inadequate in managing the risks and impacts from these attacks.

Data exfiltration during ransomware attacks is up 106% relative to where it was five years ago. We are seeing the emergence of a new trend where cyber criminals are no longer limiting themselves to just encrypting entire systems—they are making sure to steal data ahead of the encryption so that they can have additional leverage on the victim. The survey found that 65% of those who have experienced a ransomware attack have also experienced data theft or exfiltration due to the incident. Of those victims, 60% say the hackers used the data theft to extort them further, known as double extortion. Most of them, i.e., 59% of victims, paid the hackers, implying that they were not helped by their backup or data security tools to prevent this fate.

Data is being exposed for theft and extortion in other ways too. Nearly half (47%) uncovered publicly exposed data in their systems in the last 24 months. It was found that respondents have a mix of data security & protection (78%), prevention & detection (75%), and backup and recovery (73%) in their cyber security stacks. Still, exposure and extortion numbers imply a missing puzzle piece regarding attacks.

https://www.darkreading.com/attacks-breaches/study-reveals-traditional-data-security-tools-have-a-60-failure-rate-against-ransomware-and-extortion

  • Patchable and Preventable Security Issues Lead Causes of Q1 Attacks

Attacks against companies spiked in Q1 2022 with patchable and preventable external vulnerabilities responsible for the bulk of attacks.

Eighty-two percent of attacks on organisations in Q1 2022 were caused by the external exposure of known vulnerabilities in the victim’s external-facing perimeter or attack surface. Those unpatched bugs overshadowed breach-related financial losses tied to human error, which accounted for 18 percent.

The numbers come from Tetra Defense and its quarterly report that sheds light on a notable uptick in cyber attacks against United States organisations between January and March 2022.

The report did not let employee security hygiene, or a lack thereof, off the hook. Tetra revealed that a lack of multi-factor authentication (MFA) mechanisms adopted by firms and compromised credentials are still major factors in attacks against organisations.

https://threatpost.com/lead-causes-of-q1-attacks/180096/

  • Three in Four Vulnerability Management Programs Ineffective

How at risk are organisations to unsecured vulnerabilities in their networks? NopSec, a threat and exposure management provider, gives us the answers in a new study of some 430 cyber security professionals.

Are security teams finding successful approaches to their vulnerability management, or are “open doors around their attack surface” leaving them susceptible to disaster in their organisation? The answer, as it turns out, is that some organisations are better at detection, response and remediation of their vulnerabilities.

Perhaps more importantly, others are not as locked down as they believe, according to the report. Keeping track of known vulnerabilities and responding quickly is one thing, but locating flaws they did not previously know existed is quite another.

Seventy percent of respondent say their vulnerability management program (VMP) is only somewhat effective or worse, blind spots and shadow IT remain top challenges, and vulnerabilities take too long to patch.

https://www.msspalert.com/cybersecurity-research/three-in-four-vulnerability-management-programs-ineffective-study-finds/

  • EMEA Continues to Be a Hotspot for Malware Threats

Ransomware detections in the first quarter of this year doubled the total volume reported for 2021, according to the latest quarterly Internet Security Report from the WatchGuard Threat Lab. Researchers also found that the Emotet botnet came back in a big way, the infamous Log4Shell vulnerability tripled its attack efforts and malicious cryptomining activity increased.

Although findings from the Threat Lab’s Q4 2021 report showed ransomware attacks trending down year over year, that all changed in Q1 2022 with a massive explosion in ransomware detections. While Q4 2021 saw the downfall of the infamous REvil cybergang, WatchGuard analysis suggests that this opened the door for the LAPSUS$ extortion group to emerge, which along with many new ransomware variants such as BlackCat – the first known ransomware written in the Rust programming language – could be contributing factors to an ever-increasing ransomware and cyber-extortion threat landscape.

The report also shows that EMEA continues to be a hotspot for malware threats. Overall regional detections of basic and evasive malware show WatchGuard Fireboxes in EMEA were hit harder than those in North, Central and South America (AMER) at 57% and 22%, respectively, followed by Asia-Pacific (APAC) at 21%.

https://www.helpnetsecurity.com/2022/06/30/emea-malware-threats/

  • A New, Remarkably Sophisticated Malware Is Attacking Home and Small Office Routers

An unusually advanced hacking group has spent almost two years infecting a wide range of routers in North America and Europe with malware that takes full control of connected devices running Windows, macOS, and Linux, researchers reported on June 28.

So far, researchers from Lumen Technologies' Black Lotus Labs say they've identified at least 80 targets infected by the stealthy malware, including routers made by Cisco, Netgear, Asus, and DrayTek. Dubbed ZuoRAT, the remote access Trojan is part of a broader hacking campaign that has existed since at least the fourth quarter of 2020 and continues to operate.

The discovery of custom-built malware written for the MIPS architecture and compiled for small-office and home-office routers is significant, particularly given its range of capabilities. Its ability to enumerate all devices connected to an infected router and collect the DNS lookups and network traffic they send and receive, and remain undetected, is the hallmark of a highly sophisticated threat actor.

"While compromising small office/home office (SOHO) routers as a vector to gain access to an adjacent LAN is not a novel technique, it has seldom been reported," Black Lotus Labs researchers wrote. "Similarly, reports of person-in-the-middle style attacks, such as DNS and HTTP hijacking, are even rarer and a mark of a complex and targeted operation. The use of these two techniques congruently demonstrated a high level of sophistication by a threat actor, indicating that this campaign was possibly performed by a state-sponsored organisation."

The campaign comprises at least four pieces of malware, three of them written from scratch by the threat actor. The first piece is the MIPS-based ZuoRAT, which closely resembles the Mirai internet-of-things malware that achieved record-breaking distributed denial-of-service attacks that crippled some Internet services for days. ZuoRAT often gets installed by exploiting unpatched vulnerabilities in SOHO devices.

https://www.wired.com/story/zuorat-trojan-malware-hacking-routers/

  • What Are Shadow IDs, and How Are They Crucial in 2022?

Just before last Christmas, in a first-of-a-kind case, JPMorgan was fined $200M for employees using non-sanctioned applications for communicating about financial strategy. No mention of insider trading, naked shorting, or any malevolence. Just employees circumventing regulation using, well, Shadow IT. Not because they tried to obfuscate or hide anything, simply because it was a convenient tool that they preferred over any other sanctioned products (which JPMorgan certainly has quite a few of.)

Visibility into unknown and unsanctioned applications has been required by regulators and also recommended by the Center for Internet Security community for a long time. Yet it seems that new and better approaches are still in demand. Gartner has identified External Attack Surface Management, Digital Supply Chain Risk, and Identity Threat Detection as the top three trends to focus on in 2022, all of which are closely intertwined with Shadow IT.

"Shadow IDs," or in other words, unmanaged employee identities and accounts in third-party services, are often created using a simple email-and-password-based registration. Cloud access security broker (CASB) and corporate single-sign-on (SSO) solutions are limited to a few sanctioned applications, and are not widely adopted on most websites and services either. This means, that a large part of an organisation's external surface - as well as its user identities - may be completely invisible.

https://thehackernews.com/2022/06/what-are-shadow-ids-and-how-are-they.html

  • Zero-Days Aren't Going Away Anytime Soon, and What Leaders Need to Know

Few security exploits are the source of more sleepless nights for security professionals than zero-day attacks. Just recently, researchers discovered a new vulnerability enabling hackers to achieve remote code execution within Microsoft Office. Dubbing the evolving threat the Follina exploit, researchers say all versions of Office are at risk. And because the internal security teams have no time to prepare or patch their systems to defend against these software vulnerabilities, crafty threat actors can take advantage, taking their time after they've accessed an organisation's environment to observe and exfiltrate data while remaining completely unseen.

And though sophisticated threat actors and nations have exploited zero-days for nearly two decades, last year saw a historic rise in the number of vulnerabilities detected. Both Google and Mandiant tracked a record number of zero-days last year, with the caveat that more zero-days are being discovered because security companies are getting better at finding them — not necessarily because hackers are coming up with new vulnerabilities. Not all zero-days are created equal, though. Some require sophisticated and novel techniques, like the attack on SolarWinds, and others exploit simple vulnerabilities in commonly used programs like Windows. Thankfully, there's some basic cyber hygiene strategies that can keep your organisation sufficiently prepared to mitigate zero-day exploits.

https://www.darkreading.com/attacks-breaches/zero-days-aren-t-going-away-anytime-soon-and-what-leaders-need-to-know

  • Half of 2022's Zero-Days Are Variants of Previous Vulnerabilities

Google Project Zero has observed a total of 18 exploited zero-day vulnerabilities in the first half of 2022, at least half of which exist because previous bugs were not properly addressed.

According to Google Project Zero researcher Maddie Stone, nine of the in-the-wild zero-days seen so far this year could have been prevented had organisations applied more comprehensive patching.

“On top of that, four of the 2022 zero-days are variants of 2021 in-the-wild zero-days. Just 12 months from the original in-the-wild zero-day being patched, attackers came back with a variant of the original bug,” Stone says.

The most recent of these issues is the Follina vulnerability in the Windows platform. Tracked as CVE-2022-30190, it is a variant of an MSHTML zero-day tracked as CVE-2021-40444.

CVE-2022-21882 is another Windows vulnerability that is a variant of an in-the-wild zero-day that was improperly resolved last year, namely CVE-2021-1732.

An iOS IOMobileFrameBuffer bug (CVE-2022-22587) and a type confusion flaw in Chrome’s V8 engine (CVE-2022-1096) are two other zero-days that are variants of exploited security flaws found last year – CVE-2021-30983 and CVE-2021-30551, respectively.

Other 2022 zero-days that are variants of improperly addressed security defects are CVE-2022-1364 (Chrome), CVE-2022-22620 (WebKit), CVE-2021-39793 (Google Pixel), CVE-2022-26134 (Atlassian Confluence), and CVE-2022-26925 (Windows flaw called PetitPotam).

https://www.securityweek.com/google-half-2022s-zero-days-are-variants-previous-vulnerabilities

  • Human Error Remains the Top Security Issue

Human error remains the most effective vector for conducting network infiltrations and data breaches.

The SANS Institute security centre issued its annual security awareness report Wednesday, which was based on data from 1,000 infosec professionals and found that employees and their lack of security training remain common points of failure for data breaches and network attacks. The report also tracked the maturity level of respondents' security awareness programs and their effectiveness in reducing human risk.

"This year's report once again identifies what we have seen over the past three years: that the most mature security awareness programs are those that have the most people dedicated to managing and supporting it," the cyber security training and education organisation said.

"These larger teams are more effective at working with the security team to identify, track, and prioritise their top human risks, and at engaging, motivating, and training their workforce to manage those risks."

The SANS Institute study ranked maturity by five levels, from lowest to highest: nonexistent, compliance-focused, promoting awareness and behaviour change, long-term sustainment and culture change, and metrics framework. The report found that while approximately 400 respondents said their programs promote awareness and behaviour change - the highest such response for any maturity level - the number represented a 10% decrease from the previous year's report.

https://www.techtarget.com/searchsecurity/news/252522226/SANS-Institute-Human-error-remains-the-top-security-issue

  • Carnival Cruises Torpedoed by US States, Agrees to Pay $6m After Wave of Cyber Attacks

Carnival Cruise Lines will cough up more than $6 million to end two separate lawsuits filed by 46 states in the US after sensitive, personal information on customers and employees was accessed in a string of cyber attacks.

A couple of years ago, as the coronavirus pandemic was taking hold, the Miami-based business revealed intruders had not only encrypted some of its data but also downloaded a collection of names and addresses; Social Security info, driver's license, and passport numbers; and health and payment information of thousands of people in almost every American state.

It all started to go wrong more than a year prior, as the cruise line became aware of suspicious activity in May 2019. This apparently wasn't disclosed until 10 months later, in March 2020.

Back in 2019, the security operations team spotted an internal email account sending spam to other addresses. It turned out miscreants had hijacked 124 employee Microsoft Office 365 email accounts, and were using them to send phishing emails to harvest more credentials. This, we're told, gave the intruders access to personal data on 180,000 Carnival employees and customers. It's likely the miscreants first broke in using phishing mails or brute-forcing passwords; either way, there was no multi-factor authentication.

Then in August 2020, the company said it was hit with the aforementioned ransomware, and copies of its files were siphoned. In January 2021, it was infected again with malware, and again sensitive information – specifically, customer passport numbers and dates of birth, and employee credit card numbers – were downloaded. And in March that year, a staffer's work email account was compromised again to send out a phishing email; more sensitive information was exposed.

https://www.theregister.com/2022/06/28/carnival-cybersecurity-fines/

  • Uber Ex-Security Chief Accused of Hacking Coverup Must Face Fraud Charges, Judge Rules

A federal judge on Tuesday said a former Uber Technologies Inc. security chief must face wire fraud charges over his alleged role in trying to cover up a 2016 hacking that exposed personal information of 57 million passengers and drivers.

The US Department of Justice had in December added the three charges against Joseph Sullivan to an earlier indictment, saying he arranged to pay money to two hackers in exchange for their silence, while trying to conceal the hacking from passengers, drivers and the US Federal Trade Commission.

https://www.reuters.com/business/uber-ex-security-chief-accused-hacking-coverup-must-face-fraud-charges-judge-2022-06-28/

Threats

Ransomware

Phishing & Email Based Attacks

Malware

Mobile

Internet of Things – IoT

Data Breaches/Leaks

Organised Crime & Criminal Actors

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

Insider Risk and Insider Threats

Fraud, Scams & Financial Crime

Insurance

Software Supply Chain

Denial of Service DoS/DDoS

Attack Surface Management

Shadow IT

Open Source

Passwords, Credential Stuffing & Brute Force Attacks

Social Media

Training, Education and Awareness

Privacy

Parental Controls and Child Safety

Regulations, Fines and Legislation

Law Enforcement Action and Take Downs

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

Nation State Actors

Nation State Actors – Russia

Nation State Actors – China

Nation State Actors – North Korea

Vulnerability Management

Vulnerabilities

Sector Specific

Critical National Infrastructure (CNI)

Financial Services Sector

FinTech

Telecoms

OT, ICS, IIoT, SCADA and Cyber-Physical Systems

Energy & Utilities

Oil, Gas and Mining

Chinese Threat Actor Targets Rare Earth Mining Companies in North America, Australia | SecurityWeek.Com

Food and Agriculture

Education and Academia

Web3

Reports Published in the Last Week

Other News

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

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

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

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

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 15 April 2022

Black Arrow Cyber Threat Briefing 15 April 2022:

-Cyber Security Is Getting Harder: More Threats, More Complexity, Fewer People

-Terrible Cloud Security Is Leaving the Door Open for Hackers. Here's What You're Doing Wrong

-More Organisations Are Paying the Ransom. Why?

-Cyber Attack Puts City Firms on High Alert To Bolster Defences

-More Than 60% of Organisations Suffered a Breach in the Past 12 Months

-Account Takeover Poised to Surpass Malware as The No. 1 Security Concern

-Security Research Reveals 42% Rise In New Ransomware Programs In 2021

-Fraudsters Stole £58m with Remote Access Trojans (RATs) in 2021

-As State-Backed Cyber Threats Grow, Here's How the World Is Reacting

-Q1 Reported Data Compromises Up 14% Over 2021

-Europol Announces Operation to Hit Russian Sanctions-Evaders

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

Top Cyber Stories of the Last Week

  • Cyber Security Is Getting Harder: More Threats, More Complexity, Fewer People

Splunk and Enterprise Strategy Group released a global research report that examines the security issues facing the modern enterprise. More than 1,200 security leaders participated in the survey, revealing they’ve seen an increase in cyber attacks while their teams are facing widening talent gaps.

According to the report, 65% of respondents say they have seen an increase in attempted cyber attacks. In addition, many have been directly impacted by data breaches and costly ransomware attacks, which have left security teams exhausted:

·       49% of organisations say they have suffered a data breach over the past two years, an increase from 39% a year earlier.

·       79% of respondents say they’ve encountered ransomware attacks, and 35% admit that one or more of those attacks led them to lose access to data and systems.

·       59% of security teams say they had to devote significant time and resources to remediation, an increase from 42% a year ago.

·       54% of respondents report that their business-critical applications have suffered from unplanned outages related to cyber security incidents on at least a monthly basis, with a median of 12 outages per year. The median time to recover from unplanned downtime tied to cyber security incidents is 14 hours. Respondents estimated the cost of this downtime averaged about $200,000 per hour.

·       64% of security professionals have stated that it’s challenging to keep up with new security requirements, up from 49% a year ago.

https://www.helpnetsecurity.com/2022/04/13/modern-enterprise-security-issues/

  • Terrible Cloud Security Is Leaving the Door Open for Hackers. Here's What You're Doing Wrong

A rise in hybrid work and a shift to cloud platforms has changed how businesses operate - but it's also leaving them vulnerable to cyber attacks.

Cloud applications and services are a prime target for hackers because poor cyber security management and misconfigured services are leaving them exposed to the internet and vulnerable to simple cyber attacks.

Analysis of identity and access management (IAM) polices taking into account hundreds of thousands of users in 18,000 cloud environments across 200 organisations by cyber security researchers at Palo Alto Networks found that cloud accounts and services are leaving open doors for cyber criminals to exploit – and putting businesses and users at risk.

The global pandemic pushed organisations and employees towards new ways of remote and hybrid working, with the aid of cloud services and applications. While beneficial to businesses and employees, it also created additional cyber security risks – and malicious hackers know this.

https://www.zdnet.com/article/terrible-cloud-security-is-leaving-the-door-open-for-hackers-heres-what-youre-doing-wrong/

  • More Organisations Are Paying the Ransom. Why?

Most organisations (71%) have been hit by ransomware in 2021, and most of those (63%) opted for paying the requested ransom, the 2022 Cyberthreat Defense Report (CDR) by the CyberEdge Group has shown.

The research company says that possible explanations for the steady yearly rise of the percentage of organisations that decided to pay the ransom may include: the threat of exposing exfiltrated data, increased confidence for data recovery, and the fact that many organisations find that paying a ransom is significantly less costly than system downtime, customer disruption, and potential lawsuits.

“72% of ransom-paying victims recovered their data [in 2021], up from 49% in 2017. This increased confidence for successful data recovery is often factored into the ransom-paying decision,” the company noted.

Similarly, BakerHostatler’s 2022 Data Security Incident Response Report says that in ransomware incidents the US-based law firm was called in to manage in 2021, ransomware groups provided decryptors and stuck to their promise to not publish stolen data 97% of the time.

https://www.helpnetsecurity.com/2022/04/11/organizations-paying-ransom/

  • Cyber Attack Puts City Firms on High Alert to Bolster Defences

Experts warn a combination of 'ignorance and arrogance' makes City executives vulnerable to attacks.

City firms on high alert for cyber attacks were sent a clear warning recently, bolstering concerns of the potential for breaches from Russia.

Ince Group, the London-listed law firm, last month fell prey to hackers who infiltrated its computer systems and stole confidential data. The company's security systems detected the intrusion on March 13, prompting the IT team to shut down servers to try and prevent widespread damage.

But soon after, the hackers demanded a ransom for stolen data and threatened to publish it on the dark web if Ince Group, which has clients in the shipping, energy and healthcare sectors, didn't pay up.

The incident has intensified worries of possible breaches after warnings that City firms could be targeted by Russian hackers following Putin’s invasion of Ukraine.

Julia O'Toole, chief executive of MyCena Security Solutions, says executives should be "very concerned" about any news of a cyber attack at a rival company.

https://www.telegraph.co.uk/business/2022/04/11/cyber-attack-puts-city-firms-high-alert-bolster-defences/

  • More Than 60% of Organisations Suffered a Breach in the Past 12 Months

Firms focus too narrowly on external attackers when it's insiders, third parties, and stolen assets that cause many breaches, new study shows.

The majority of companies — 63% — have suffered at least one breach in the past 12 months. The global average breach cost $2.4 million — a price tag that increases to $3.0 million for companies unprepared to respond to compromises.

The new data from Forrester Research, released on April 8 in a report titled "The 2021 State Of Enterprise Breaches," found that the number of breaches and the cost of breaches varied widely depending on the geographic location of the business and to what degree the organisation is prepared to respond to breaches. Companies in North America had the largest disparity between the haves and have-nots: While the average organisation required 38 days to find, eradicate, and recover from a breach, companies that failed to adequately prepare for security challenges took 62 days.

The difference in response resulted in a large difference in cost as well, with the average North American company paying $3.0 million to recover from a breach, a bill that rises to $4.0 million if the company suffered from a lack of incident-response preparation.

"The misalignment between the expectation and the reality of breaches has become very important," says Allie Mellen, an analyst with Forrester's Security and Risk group. "On a global scale, there is a big disparity of about $600,000 between those who are prepared to respond to a breach and those who are not."

https://www.darkreading.com/attacks-breaches/more-than-60-of-organizations-suffered-a-breach-in-the-past-12-months

  • Account Takeover Poised to Surpass Malware as The No. 1 Security Concern

As most researchers and financial executives can attest, virtually all types of fraud have dramatically risen over the past two years. However, attackers taking over legitimate financial accounts have become even more of a favourite with cyber criminals than most fraud schemes.

Many major recent research reports have pointed out that account takeover (ATO), a form of identity theft where bad actors access legitimate bank accounts, change the account information and passwords, and hijack a real customer’s account, has skyrocketed since last year. According to Javelin Research’s annual "Identity Fraud Study: The Virtual Battleground" report, account takeover increased by 90% to an estimated $11.4 billion in 2021 when compared with 2020 — representing roughly one-quarter of all identity fraud losses last year.

Like many types of financial fraud, cyber thieves are betting on the fact that if they attempt to seize a large number of legitimate accounts, eventually they will get a payoff.

Account takeovers are a numbers game, the more accounts that an organisation has, the bigger their risk that some of them will be compromised.

Account takeovers often piggyback off of previous attacks, making these crimes a way for hackers to make the most out of stolen information. Diskin pointed out that account takeovers most commonly happen when a password is “taken from another data leak and reused for different accounts. But there are a variety of risky scenarios that can lead to compromise.”

https://www.scmagazine.com/analysis/cybercrime/account-takeover-poised-to-surpass-malware-as-the-no-1-security-concern

  • Security Research Reveals 42% Rise in New Ransomware Programs In 2021

Critical infrastructure in the crosshairs: operational technology vulnerabilities jump 88% .

Threat intelligence analysts at Skybox Research Lab uncovered a 42% increase in new ransomware programs targeting known vulnerabilities in 2021. The Silicon Valley cyber security company released its annual 2022 Vulnerability and Threat Trends Report, revealing how quickly cyber criminals capitalise on new security weaknesses – shrinking the window that organisations have to remediate vulnerabilities ahead of an attack.

With 20,175 new vulnerabilities published in 2021, Skybox Research Lab witnessed the most vulnerabilities ever reported in a single year. And these new vulnerabilities are just the tip of the iceberg. The total number of vulnerabilities published over the last 10 years reached 166,938 in 2021 — a three-fold increase over a decade. These cumulative vulnerabilities, piling up year after year, represent an enormous aggregate risk, and they’ve left organisations struggling with a mountain of cyber security debt. As the US Cybersecurity and Infrastructure Security Agency (CISA) highlights in its Top Routinely Exploited Vulnerabilities list, threat actors are routinely exploiting publicly disclosed vulnerabilities from years past.

The sheer volume of accumulated risks — hundreds of thousands or even millions of vulnerability instances within organisations — means they can’t possibly patch all of them. To prevent cyber security incidents, it is critical to prioritise exposed vulnerabilities that could cause the most significant disruption, then, apply appropriate remediation options including configuration changes or network segmentation to eliminate risk, even before patches are applied or in cases where patches aren’t available.

https://informationsecuritybuzz.com/study-research/skybox-security-research-reveals-42-rise-in-new-ransomware-programs-in-2021/

  • Fraudsters Stole £58m with Remote Access Trojans (RATs) in 2021

2021 saw victims of Remote Access Tool (RAT) scams lose £58m in 2021, official UK police figures show.

RAT scams involve scammers taking control of a victim’s device, typically in order to access bank accounts.

Some 20,144 victims fell for this type of scam in 2021, averaging around £2800 stolen per incident.

Typically, RAT attacks begin with a victim being inundated with pop-ups claiming there is a problem with the computer. Users are often then asked to call a “hotline” number, when a scammer will persuade them to download a RAT.

RAT scams are often compared to the classic “tech support” scams. Modern RAT scams are typically more devious, however, with scammers often cold-calling their victims pretending to work for their bank and claiming that they need computer access to investigate a fraudulent transaction.

https://www.itsecurityguru.org/2022/04/11/fraudsters-stole-58m-with-rats-in-2021/

  • As State-Backed Cyber Threats Grow, Here's How the World Is Reacting

With the ongoing conflict in Eurasia, cyber warfare is inevitably making its presence felt. The fight is not only being fought on the fields. There is also a big battle happening in cyberspace. Several cyber-attacks have been reported over the past months.

Notably, cyber attacks backed by state actors are becoming prominent. There have been reports of a rise of ransomware and other malware attacks such as Cyclops Blink, HermeticWiper, and BlackCat. These target businesses as well as government institutions and nonprofit organisations. There have been cases of several attempts to shut down online communications and IT infrastructure.

The ongoing list of significant cyber incidents curated by the Center for Strategic and International Studies (CSIS) shows that the number of major incidents in January 2022 is 100% higher compared to the same period in the previous year. With the recent activities in cyberspace impacted by the emergence of the geopolitical tumult in February, it is not going to be surprising to see an even more dramatic rise in the number of significant incidents.

https://thehackernews.com/2022/04/as-state-backed-cyber-threats-grow.html

  • Q1 Reported Data Compromises Up 14% Over 2021

The Identity Theft Resource Center published a First Quarter 2022 Data Breach Analysis which found that Q1 of 2022 began with the highest number of publicly reported data compromises in the past three years.

Publicly reported data compromises totalled 404 through March 31, 2022, a 14 percent increase compared to Q1 2021.

This is the third consecutive year when the number of total data compromises increased compared to Q1 of the previous year. It also represents the highest number of Q1 data compromises since 2020.

https://informationsecuritybuzz.com/expert-comments/q1-reported-data-compromises-up-14-over-2021/

  • Europol Announces Operation to Hit Russian Sanctions-Evaders

European police have announced a major new operation designed to crack down on Russian oligarchs and businesses looking to circumvent sanctions.

Operation Oscar will run for at least a year as an umbrella initiative that will feature many separate investigations, Europol explained.

The policing organisation’s European Financial and Economic Crime Centre will work to exchange information and intelligence with partners and provide operational support in financial crime investigations.

A key focus appears to be on illicit flows of money, which Russian individuals and entities will be trying to move around the region in order to bypass sanctions imposed since President Putin’s invasion of Ukraine.

“Europol will centralise and analyse all information contributed under this operation to identify international links, criminal groups and suspects, as well as new criminal trends and patterns,” Europol said.

“Europol will further provide tailor-made analytical support to investigations, as well as operational coordination, forensics and technical expertise, and financial support to the relevant national authorities.”

https://www.infosecurity-magazine.com/news/europol-hit-russian/

Threats

Ransomware

Other Social Engineering

Malware

Mobile

IoT

Data Breaches/Leaks

Organised Crime & Criminal Actors

Cryptocurrency/Cryptomining/Cryptojacking

Insider Risk and Insider Threats

Fraud, Scams & Financial Crime

Denial of Service DoS/DDoS

Cloud

Privacy

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

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

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

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

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

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 27 August 2021

Black Arrow Cyber Threat Briefing 27 August 2021

-Cyber Crime Losses Triple To £1.3bn In 1h 2021

-New Ransomware Wake-Up Call

-22% Of Cyber Security Incidents In H1 2021 Were Ransomware Attacks

-Key Email Threats And The High Cost Of Business Email Compromise

-Microsoft Warns Thousands Of Cloud Customers Of Exposed Databases

-58% Of IT Leaders Worried Their Business Could Become A Target Of Rising Nation State Attacks

-Cyber Insurance Market Encounters ‘Crisis Moment’ As Ransomware Costs Pile Up

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

Top Cyber Stories of the Last Week

Cyber Crime Losses Triple To £1.3bn In H1 2021

Individuals and organisations lost three times more money to cyber crime and fraud in the first half of the year compared to the same period in 2020, as incidents soared, according to new figures. The report revealed that between January 1 and July 31 2020, victims lost £414.7m to cyber crime and fraud. However, the figure surged to £1.3bn for the same period in 2021. This can be partly explained by the huge increase in cases from last year to this. In the first half of 2020, there were just 39,160 reported to Action Fraud, versus 289,437 in the first six months of 2021. https://www.infosecurity-magazine.com/news/cybercrime-losses-triple-to-13bn/

Ransomware On A Rampage; A New Wake-Up Call

The ransomware rampage is continuing at pace and continues to create significant cyber security challenges. The use of ransomware by hackers to leverage exploits and extract financial benefits is not new. Ransomware has been around for over 2 decades, (early use of basic ransomware malware was used in the late 1980s) but as of late, it has become a trending and more dangerous cybersecurity threat. The inter-connectivity of digital commerce and expanding attack surfaces have enhanced the utility of ransomware as cyber weapon of choice for bad actors. Like bank robbers, cyber criminals go where the money is accessible. And it is now easier for them to reap benefits from extortion. Hackers can now demand cryptocurrencies payments or pre-paid cards that can be anonymously transacted. Those means of digital payments are difficult to trace by law enforcement. https://www.forbes.com/sites/chuckbrooks/2021/08/21/ransomware-on-a-rampage-a-new-wake-up-call/?sh=64a622362e81

22% Of Cyber Security Incidents In H1 2021 Were Ransomware Attacks

A report uncovered the number and nature of UK cyber security breaches reported to the UK Information Commissioner’s Office (ICO) in 2020 and 2021. So far in 2021 phishing was to blame for most incidents, accounting for 40% of all cyber security cases reported to the ICO, slightly down from 44% the year before. However, ransomware is surging, up from 11% of all reported incidents in the first half of 2020 to 22% in 2021. https://www.helpnetsecurity.com/2021/08/25/cybersecurity-incidents-h1-2021/

Ransomware: These Four Rising Gangs Could Be Your Next Major Cyber Security Threat

In recent months some significant ransomware operators have seemingly disappeared. But that doesn't mean that ransomware is any less of a problem, quite the opposite – new groups are emerging to fill the gaps and are often worse than the gangs that went before them. Cyber security researchers have detailed four upcoming families of ransomware discovered during investigations – and under the right circumstances, any of them could become the next big ransomware threat. One of these is LockBit 2.0, a ransomware-as-a-service operation that has existed since September 2019 but has gained major traction over the course of this summer. Those behind it revamped their dark web operations in June – when they launched the 2.0 version of LockBit – and aggressive advertising has drawn attention from cyber criminals. https://www.zdnet.com/article/ransomware-these-four-rising-threats-could-be-the-next-major-cybersecurity-risk-facing-your-business/

Key Email Threats And The High Cost Of Business Email Compromise

Researchers published the results of a study analysing over 31 million threats across multiple organisations and industries, with new findings and warnings issued by technical experts that every organisation should be aware of. A key aspect to preventing attacks is having a deep understanding of cyber actor patterns and continuously monitoring and deconstructing campaigns to anticipate future ones. Phishing can be a profitable business model, and most breaches begin with a phishing email. What appears to be an innocent email from a trusted vendor or internal department can lead to firm-wide shutdowns, loss of crucial data, and millions in financial costs. As detailed in the report, threats ranging from ransomware, credential harvesters to difficult-to-discover but costly Business Email Compromise (BEC) targeted inboxes, could have resulted in over $354 million in direct losses had they been successful. https://www.helpnetsecurity.com/2021/08/23/key-email-threats/

Microsoft Warns Thousands Of Cloud Customers Of Exposed Databases

Microsoft on Thursday warned thousands of its cloud computing customers, including some of the world's largest companies, that intruders could have the ability to read, change or even delete their main databases, according to a copy of the email and a cyber security researcher. The vulnerability is in Microsoft Azure's flagship Cosmos DB database. A research team at security a company discovered it was able to access keys that control access to databases held by thousands of companies. https://www.reuters.com/technology/exclusive-microsoft-warns-thousands-cloud-customers-exposed-databases-emails-2021-08-26/

58% Of IT Leaders Worried Their Business Could Become A Target Of Rising Nation State Attacks

Researchers released the findings of a global survey of 1,100 IT decision makers (ITDMs), examining their concerns around rising nation state attacks. 72% of respondents said they worry that nation state tools, techniques, and procedures (TTPs) could filter through to the dark net and be used to attack their business. https://www.helpnetsecurity.com/2021/08/23/rising-nation-state-attacks/

Cyber Insurance Market Encounters ‘Crisis Moment’ As Ransomware Costs Pile Up

It’s a sure sign of trouble when leading insurance industry executives are worried about their own prices going up. Ransomware now accounts for 75% of all cyber insurance claims, up from 55% in 2016, according to the credit ratings agency. The percentage increase in claims is outpacing that of premiums, said a June report which concluded that “the prospects for the cyber insurance market are grim.” Fitch Ratings in April found that the ratio of losses to premiums earned was at 73% last year, jeopardizing the profitability of the industry. https://www.cyberscoop.com/cyber-insurance-ransomware-crisis/

Security Teams Report Rise In Cyber Risk

Do you feel like you are gaining in your ability to protect your data and your network? If you are like 80% of respondents to the a recent report, you expect to experience a data breach that compromises customer data in the next 12 months. The report surveyed more than 3,600 businesses of all sizes and industries across North America, Europe, Asia-Pacific, and Latin America for their thoughts on cyber risk. Despite an increased focus on security due to high-profile ransomware and other attacks in the past year, respondents reported a rise in risk due to inadequate security processes like backing up key assets. https://www.csoonline.com/article/3629477/security-teams-report-rise-in-cyber-risk.html

WARNING: Microsoft Exchange Under Attack With ProxyShell Flaws

The U.S. Cyber security and Infrastructure Security Agency is warning of active exploitation attempts that leverage the latest line of "ProxyShell" Microsoft Exchange vulnerabilities that were patched earlier this May, including deploying LockFile ransomware on compromised systems. The vulnerabilities enable adversaries to bypass ACL controls, elevate privileges on the Exchange PowerShell backend, effectively permitting the attacker to perform unauthenticated, remote code execution. While the former two were addressed by Microsoft on April 13, a patch for CVE-2021-31207 was shipped as part of the Windows maker's May Patch Tuesday updates. https://thehackernews.com/2021/08/microsoft-exchange-under-attack-with.html

Threats

Ransomware

Phishing

Other Social Engineering

Malware

Mobile

IOT

Vulnerabilities

Data Breaches/Leaks

Organised Crime & Criminal Actors

Cryptocurrency/Cryptojacking

Insider Threats

DoS/DDoS

OT, ICS, IIoT and SCADA

Nation State Actors

Cloud

Privacy

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

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

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

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

Read More
Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Threat Briefing 06 August 2021

Black Arrow Cyber Threat Briefing 06 August 2021:

-Ransomware Volumes Hit Record High

-Ransomware Gangs Recruiting Insiders To Breach Corporate Networks

-More Than 12,500 Vulnerabilities Disclosed In First Half Of 2021

-New DNS Vulnerability Allows 'Nation-State Level Spying' On Companies

-Constant Review Of Third Party Security Critical As Ransomware Threat Climbs

-Kaseya Ransomware Attack Sets Off Race To Hack Service Providers

-Joint UK/US Advisory Detailing Top 30 Vulnerabilities Include Plenty Of Usual Suspects

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

Top Cyber Stories of the Last Week

Ransomware Volumes Hit Record Highs As 2021 Wears On

Ransomware has seen a significant uptick so far in 2021, with global attack volume increasing by 151 percent for the first six months of the year as compared with the year-ago half. Meanwhile, the FBI has warned that there are now 100 different strains circulating around the world. From a hard-number perspective, the ransomware scourge hit a staggering 304.7 million attempted attacks. To put that in perspective, the firm logged 304.6 million ransomware attempts for the entirety of 2020.

https://threatpost.com/ransomware-volumes-record-highs-2021/168327/

Ransomware Gangs Recruiting Insiders To Breach Corporate Networks

The LockBit 2.0 ransomware gang is actively recruiting corporate insiders to help them breach and encrypt networks. In return, the insider is promised million-dollar payouts. Many ransomware gangs operate as a Ransomware-as-a-Service, which consists of a core group of developers, who maintain the ransomware and payment sites, and recruited affiliates who breach victims' networks and encrypt devices. Any ransom payments that victims make are then split between the core group and the affiliate, with the affiliate usually receiving 70-80% of the total amount. However, in many cases, the affiliates purchase access to networks from other third-party pentesters rather than breaching the company themselves. With LockBit 2.0, the ransomware gang is trying to remove the middleman and instead recruit insiders to provide them access to a corporate network.

https://www.bleepingcomputer.com/news/security/lockbit-ransomware-recruiting-insiders-to-breach-corporate-networks/

More Than 12,500 Vulnerabilities Disclosed In First Half Of 2021

Two new reports were released, covering data breaches and vulnerabilities in the first half of 2021, finding that there was a decline in the overall number of reported breaches but an increase in the number of vulnerabilities disclosed.  The company's data breach report found that there were 1,767 publicly reported breaches in the first six months of 2021, a 24% decline compared to the same period last year. The number of reported breaches grew in the US by 1.5% while 18.8 billion records were exposed year to date, a 32% decline compared to the 27.8 billion records leaked in the first half of 2020.

https://www.zdnet.com/article/more-than-12500-vulnerabilities-disclosed-in-first-half-of-2021-risk-based-security/

New DNS Vulnerability Allows 'Nation-State Level Spying' On Companies

Security researchers found a new class of DNS vulnerabilities impacting major DNS-as-a-Service (DNSaaS) providers that could allow attackers to access sensitive information from corporate networks.

DNSaaS providers (also known as managed DNS providers) provide DNS renting services to other organisations that do not want to manage and secure yet another network asset on their own.

These DNS flaws provide threat actors with nation-state intelligence harvesting capabilities with a simple domain registration.

https://www.bleepingcomputer.com/news/security/new-dns-vulnerability-allows-nation-state-level-spying-on-companies/

Constant Review Of Third Party Security Critical As Ransomware Threat Climbs

Enterprises typically would give their third-party suppliers "the keys to their castle" after carrying out the usual checks on the vendor's track history and systems, according to a New York-based Forrester analyst who focuses on security and risk. They believed they had done their due diligence before establishing a relationship with the supplier, but they failed to understand that they should be conducting reviews on a regular basis, especially with their critical systems suppliers. Third-party suppliers should have the ability to deal with irregular activities in their systems and the appropriate security architecture in place to prevent any downstream effects, he added.

https://www.zdnet.com/article/constant-review-of-third-party-security-critical-as-ransomware-threat-climbs/

Kaseya Ransomware Attack Sets Off Race To Hack Service Providers

A ransomware attack in July that paralyzed as many as 1,500 organisations by compromising tech-management software from a company called Kaseya has set off a race among criminals looking for similar vulnerabilities, cyber security experts said. An affiliate of a top Russian-speaking ransomware gang known as REvil used two gaping flaws in software from Florida-based Kaseya to break into about 50 managed services providers (MSPs) that used its products, investigators said. Now that criminals see how powerful MSP attacks can be, "they are already busy, they have already moved on and we don’t know where," said head of the non-profit Dutch Institute for Vulnerability Disclosure, which warned Kaseya of the weaknesses before the attack.

https://www.reuters.com/technology/kaseya-ransomware-attack-sets-off-race-hack-service-providers-researchers-2021-08-03/

‘It’s Quite Feasible To Start A War’: Just How Dangerous Are Ransomware Hackers?

Secretive gangs are hacking the computers of governments, firms, even hospitals, and demanding huge sums. But if we pay these ransoms, are we creating a ticking time bomb? They have the sort of names that only teenage boys or aspiring Bond villains would dream up (REvil, Grief, Wizard Spider, Ragnar), they base themselves in countries that do not cooperate with international law enforcement and they don’t care whether they attack a hospital or a multinational corporation. Ransomware gangs are suddenly everywhere, seemingly unstoppable – and very successful.

https://www.theguardian.com/technology/2021/aug/01/crypto-criminals-hack-the-computer-systems-of-governments-firms-even-hospitals

Joint UK/US Advisory Detailing Top 30 Vulnerabilities Include Plenty Of Usual Suspects

A joint advisory from law enforcement agencies in the US, UK, and Australia this week tallied the 30 most-frequently exploited vulnerabilities. Perhaps not surprisingly, the list includes a preponderance of flaws that were disclosed years ago; everything on the list has a patch available for whoever wants to install it. But as we've written about time and again, many companies are slow to push updates through for all kinds of reasons, whether it's a matter of resources, know-how, or an unwillingness to accommodate the downtime often necessary for a software refresh. Given how many of these vulnerabilities can cause remote code execution—you don't want this—hopefully they'll start to make patching more of a priority.

https://www.wired.com/story/top-vulnerabilities-russia-nso-group-iran-security-news/

Average Total Cost Of A Data Breach Increased By Nearly 10% Year Over Year

Based on in-depth analysis of real-world data breaches experienced by over 500 organisations, the global study suggests that security incidents became more costly and harder to contain due to drastic operational shifts during the pandemic, with costs rising 10% compared to the prior year. Businesses were forced to quickly adapt their technology approaches last year, with many companies encouraging or requiring employees to work from home, and 60% of organisations moving further into cloud-based activities during the pandemic. The new findings suggest that security may have lagged behind these rapid IT changes, hindering organizations’ ability to respond to data breaches.

https://www.helpnetsecurity.com/2021/07/29/total-cost-data-breach/

65% Of All DDoS Attacks Target US And UK

Distributed denial of service (DDoS) attacks are common for cyber criminals who want to disrupt online-dependent businesses. According to the data analysed by a VPN team, 65% of all distributed denial of service (DDoS) attacks are directed at the US or UK. Computers and the internet industry are the favourite among cyber criminals. The United States was a target for 35% of all DDoS attacks in June 2021. Cyber criminals launched DDoS attacks against Amazon Web Services, Google, and other prominent US-based companies in the past. The United Kingdom comes second as it fell victim to 29% of all DDoS attacks. As the UK has many huge businesses, they often are targeted by hackers for valuable data or even a ransom. China was threatened by 18% of all DDoS attacks in June 2021. Assaults from and to China happen primarily due to political reasons, to interrupt some government agency.

https://www.pcr-online.biz/2021/08/05/65-of-all-ddos-attacks-target-us-and-uk/

Threats

Ransomware

Phishing

Other Social Engineering

Malware

Mobile

Vulnerabilities

Data Breaches

OT, ICS, IIoT and SCADA

Organised Crime & Criminal Actors

Cryptocurrency/Cryptojacking

Supply Chain

Nation State Actors

Cloud

Reports Published in the Last Week

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

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

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

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

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Cyber Weekly Flash Briefing 09 October 2020: Jersey based insurance firm Ardonagh hit with ransomware; Boards increase cyber investment; spike in romance scams; Amazon Prime Day phishing spike

Cyber Weekly Flash Briefing 09 October 2020: Jersey based insurance firm Ardonagh hit with ransomware; Boards increase cyber investment; spike in romance scams; cyber remains top business risk; ransomware surge as hackers take advantage of firms under pressure; Amazon Prime Day spurs phishing spike; new botnet wipes IoT devices; Emotet one of the most prevalent threats; Windows Error Reporting exploited

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.

Jersey based insurance firm Ardonagh Group disabled 200 admin accounts as ransomware infection took hold

Jersey-headquartered insurance company Ardonagh Group has suffered a potential ransomware infection.

Reports indicated that the insurance firm had been forced to suspend 200 internal accounts with admin privileges as the "cyber incident" progressed through its IT estate.

The UK's second largest privately owned insurance broker, according to the Financial Times, Ardonagh Group has spent the year to date acquiring other companies.

The timing of the most recent attack is unfortunate: Ardonagh recently published its financials, showing a loss of £94.m, according to reports.

Why this matters:

Whilst there is nothing to suggest these attacks are linked this attack comes a week after US insurance giant Gallagher was also hit with ransomware.

No firm is immune to being hit with ransomware, no matter how good they think their defences are, and then it comes down to how well you had planned for ransomware happening and how capable you are to recover and get the business back on its feet.

Read more: https://www.theregister.com/2020/10/06/ardonagh_group_ransomware/ and https://www.insurancetimes.co.uk/news/ardonagh-data-breach-reported-to-information-commissioner/1434888.article

Boards Increase Investment in Cyber security in Face of Threats and Regulatory Fines

Board decisions on cyber security spending are slowly improving following the impact of regulatory fines and COVID-19.

According to research surveying 908 senior IT security decision makers working within organisations with more than 500 employees, 58% plan to add more security budget in the next 12 months.

Amid growing cyber threats and rising risks through the COVID crisis, CISOs report that boards are listening and stepping up with increased budget for cyber security, with 91% agreeing that their board adequately supports them with investment.

Retro-fixing of security to remote working tools was “a path and direction most organisations have been going down, however it was always a lower priority.”

COVID-19 has accelerated the investment into both cloud and remote working budgets, and this includes the need for secure remote access and the ability to access from any location. Having a CISO on the board is helping ensure technology that supports remote working environments are also secure by design.

Why this matters:

Boards are definitely listening and stepping up with increased budget for cyber security, however many firms still tend to view any investment as a cost rather than adding business value.  There is still some way to go, boards mainly approve investments after a security incident or through fear of regulatory penalties for non-compliance which shows that cyber security investment decisions are more about insurance than about any desire to lead the field which, in the long run, limits the industry’s ability to keep pace with the cyber-criminals.

Read more: https://www.infosecurity-magazine.com/news/boards-increase-investment-fines/

Online Romance Scams Spike Under Lockdown

Police and banks are celebrating after revealing that £19 million in fraud was stopped in the first half of the year, although romance scams are reportedly on the rise.

Over 600 reports of romance scams were made each month in June, July and August, contributing to a 26% year-on-year increase in cases recorded by Action Fraud, according to Sky News.

These are typically confidence tricks where a vulnerable individual is contacted via a dating site and financially exploited or unwittingly used as a money mule.

Why this matters:

Over 19,400 such crimes were logged with the FBI last year, making it the second highest earner for cyber-criminals after business email compromise (BEC). Over $475 million was lost to romance scammers in 2019, the law enforcement agency said.

In the UK, losses are said to have exceeded £66 million between August 2019 and August 2020. As a result, various dating sites, banking groups and police are running a “Take Five” awareness campaign designed to warn users of the dangers posed by internet scammers.

The spike in romance scams coincided with COVID-19 lockdowns in the UK and much of the rest of the world, and a subsequent shift in crime and fraud online.

Action Fraud claimed it saw an increase in reported attacks in the first month of lockdown, to nearly 4000. UK Finance last month claimed that fraudsters are increasingly shifting their operations online.

However, Action Fraud also revealed this week that millions of pounds worth of fraud has been prevented so far this year thanks to a Banking Protocol first introduced three years ago.

The initiative enables banking staff in branches to alert their local police force when they suspect a customer is being scammed, for example if they are transferring or withdrawing large sums of money. It has been used to good effect to stop romance fraud, and impersonation scams, Action Fraud claimed.

In addition to the £19.3 million in fraud allegedly prevented, 100 arrests were made in the first half of the year.

Read more: https://www.infosecurity-magazine.com/news/online-romance-scams-spike-under/

WEF: Cyber-Attacks Remain Top Business Risk in the West

Cyber-attacks have dropped down the pecking order in terms of top global business risks but remain high on the priority list in North America and Europe, according to the latest World Economic Forum (WEF) data.

The annual Regional Risks for Doing Business report is compiled from over 12,000 responses from business leaders in 127 countries. They are presented with a pre-selected list of 30 global risks and asked to choose the five that they believe to be of most concern for doing business in their country over the next decade.

Why this matters:

Unsurprisingly given the current financial and healthcare crisis, the top two global risks were unemployment and spread of infectious disease, followed by fiscal crisis. Spread of infectious disease also topped the priority list for business leaders regionally in Europe, Eurasia and East Asia and the Pacific.

However, although cyber-attacks fell from second place globally last year to fourth, they are still top-of-mind in the West.

They were named the number one risk of the next decade by North American business leaders, garnering a share of 55% versus infectious diseases in second with 30%. Cyber-risk was placed second in Europe but first in the UK, with 56% versus fiscal crises in second with 45%.

Read more: https://www.infosecurity-magazine.com/news/wef-cyberattacks-top-business-risk/

Ransomware: Surge in attacks as hackers take advantage of organisations under pressure

The number of ransomware attacks has significantly grown over the past few months as cyber criminals look to cash in on security vulnerabilities opened up by the rise in remote working.

Researchers at cyber security company Check Point said the number of daily ransomware attacks across the globe has increased by half over the past three months – and that they've almost doubled in the US.

Why this matters:

One of the reasons ransomware attacks are on the rise is because of the swift switch to remote working that has forced many people to work from home for the first time, something that could leave them vulnerable to phishing emails and malware attacks, especially on a home network that likely won't be as secure as an enterprise environment.

Working from home also makes monitoring devices for malicious activity harder for information security teams than it would be if every user was under one roof, providing hackers with a better chance of going about their business unnoticed.

Read more: https://www.zdnet.com/article/ransomware-surge-in-attacks-as-hackers-take-advantage-of-organisations-under-pressure/

Amazon Prime Day Spurs Spike in Phishing, Fraud Attacks

Cyber criminals are tapping into Amazon’s annual discount shopping campaign for subscribers, Prime Day, with researchers warning of a recent spike in phishing and malicious websites that are fraudulently using the Amazon brand.

There has been a spike in the number of new monthly phishing and fraudulent sites created using the Amazon brand since August, the most significant since the COVID-19 pandemic forced people indoors in March, according to a new report published this week.

Why this matters:

As shoppers gear up for two days of great deals, cyber criminals are preparing to prey on the unwary, taking advantage of those who let their guard down to snap up bargains.

Prime Day actually happens over two days—this year the event falls on Oct. 13 to 14. Amazon Prime customers enjoy special sales and discounts on top brands to mark the biggest shopping event of the year on the online retail giant’s site.

Amazon last year yielded over $7 billion in sales during the 36-hour event, which could go even bigger this year due to “the decline of brick and mortar retail and the close proximity to the holidays,” researchers noted. Indeed, mandatory stay-at-home orders globally that began with the COVID-19 pandemic in March have significantly boosted Amazon’s business, a trend that shows no signs of abating.

Read more: https://threatpost.com/amazon-prime-day-spurs-spike-in-phishing-fraud-attacks/159960/

Microsoft warns of Android ransomware that activates when you press the Home button

A new strain of mobile ransomware abuses the mechanisms behind the "incoming call" notification and the "Home" button to lock screens on users' devices.

Named AndroidOS/MalLocker.B, the ransomware is hidden inside Android apps offered for download on online forums and third-party websites.

Just like most Android ransomware strains, MalLocker.B doesn't actually encrypt the victim's files but merely prevents access to the rest of the phone.

Once installed, the ransomware takes over the phone's screen and prevents the user from dismissing the ransom note — which is designed to look like a message from local law enforcement telling users they committed a crime and need to pay a fine.

Why this matters:

Ransomware posing as fake police fines has been the most popular form of Android ransomware for more than half a decade now.

Across time, these malware strains have abused various functions of the Android operating systems in order to keep users locked on their home screen.

Past techniques included abusing the System Alert window or disabling the functions that interface with the phone's physical buttons.

MalLocker.B comes with a new variation of these techniques.

The ransomware uses a two-part mechanism to show its ransom note.

The first part abuses the "call" notification. This is the function that activates for incoming calls to show details about the caller, and MalLocker.B uses it to show a window that covers the entire area of the screen with details about the incoming call.

The second part abuses the "onUserLeaveHint()" function. This function is called when users want to push an app into the background and switch to a new app, and it triggers when pressing buttons like Home or Recents. MalLocker.B abuses this function to bring its ransom note back into the foreground and prevent the user from leaving the ransom note for the home screen or another app.

The abuse of these two functions is a new and never-before-seen trick, but ransomware that hijacks the Home button has been seen before.

Read more: https://www.zdnet.com/article/microsoft-warns-of-android-ransomware-that-activates-when-you-press-the-home-button/

Suspected Chinese Hackers Unleash Malware That Can Survive OS Reinstalls

Chinese hackers may be using malware that can survive Windows OS reinstalls to spy on computers.

Security firm Kaspersky Lab uncovered the malware, which exploits a computer’s UEFI (Unified Extensible Firmware Interface) to continually persist on a Windows machine. 

Why this matters:

Attacking the UEFI is pretty alarming because the software is used to boot up your computer and load the operating system. It also operates separately from your computer’s main hard drive, and usually resides in the motherboard’s SPI flash memory as firmware. As a result, any malicious process embedded in the UEFI can survive an operating system reinstall while evading traditional antivirus solutions. This attack shows that in exceptional cases actors are willing to go to great lengths in order to gain the highest level of persistence on a victim’s machine.

Read more: https://uk.pcmag.com/security/129035/suspected-chinese-hackers-unleash-malware-that-can-survive-os-reinstalls

New HEH botnet can wipe routers and IoT devices

A newly discovered botnet contains code that can wipe all data from infected systems, such as routers, servers, and Internet of Things (IoT) devices.

Named HEH, the botnet spreads by launching brute-force attacks against any internet-connected system that has its Telnet ports (23 and 2323) exposed online.

If the device uses default or easy-to-guess Telnet credentials, the botnet gains access to the system, where it immediately downloads one of seven binaries that install the HEH malware.

Why this matters:

This HEH malware doesn't contain any offensive features, such as the ability to launch DDoS attacks, the ability to install crypto-miners, or code to run proxies and relay traffic for bad actors.

The only features present are a function that ensnares infected devices and coerces them to perform Telnet brute-force attacks across the internet to help amplify the botnet; a feature that lets attackers run Shell commands on the infected device; and a variation of this second feature that executes a list of predefined Shell operations that wipe all the device's partitions.

US Department of Homeland Security (DHS) warns that Emotet malware is one of the most prevalent threats today

The malware known as Emotet has emerged as “one of the most prevalent ongoing threats” as it increasingly targets state and local governments and infects them with other malware, the cybersecurity arm of the Department of Homeland Security said on Tuesday.

Why this matters:

Emotet was first identified in 2014 as a relatively simple trojan for stealing banking account credentials. Within a year or two, it had reinvented itself as a formidable downloader or dropper that, after infecting a PC, installed other malware. The Trickbot banking trojan and the Ryuk ransomware are two of the more common follow-ons. Over the past month, Emotet has successfully burrowed into Quebec’s Department of Justice and increased its onslaught on governments in France, Japan, and New Zealand. It has also targeted the Democratic National Committee and numerous other US state and local government agencies.

Read more: https://arstechnica.com/information-technology/2020/10/dhs-warns-that-emotet-malware-is-one-of-the-most-prevalent-threats-today/

Hackers exploit Windows Error Reporting service in new fileless attack

A new fileless attack technique that abuses the Microsoft Windows Error Reporting (WER) service is the work of a hacking group that is yet to be identified.

According to researchers the attack vector relies on malware burying itself in WER-based executables to avoid arousing suspicion.

In a blog post on Tuesday the researchers said the new "Kraken" attack -- albeit not a completely novel technique in itself -- was detected on September 17.

A lure phishing document found by the research team was packaged up in a .ZIP file. Titled, "Compensation manual.doc," the file claims to contain information relating to worker compensation rights, but when opened, is able to trigger a malicious macro.

Why this matters:

The macro leads to a payload injected a process connected to the WER service and used by Microsoft to track and address operating system errors.

That reporting service, WerFault.exe, is usually invoked when an error related to the operating system, Windows features, or applications happens," Malwarebytes says. "When victims see WerFault.exe running on their machine, they probably assume that some error happened, while in this case they have actually been targeted in an attack.

Read more: https://www.zdnet.com/article/hackers-exploit-windows-error-reporting-service-in-new-fileless-attack/

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

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

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

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Cyber Weekly Flash Briefing 17 July 2020: Major US Twitter accounts hacked, Malware in Chinese Tax Software, NK steals $2bn through cyber heists, Counterfeit Cisco kit, Windows DNS vulns, Citrix vuln

Cyber Weekly Flash Briefing 17 July 2020: Major US Twitter accounts hacked, Malware in Chinese Tax Software, NK steals $2bn through cyber heists, Counterfeit Cisco kit, Windows DNS vulns, Citrix vulns, Iranian Spies Accidentally Leaked Videos of Themselves Hacking, Malicious Router Log-Ins Soar Tenfold in Botnet Battle

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.

Major US Twitter accounts hacked in Bitcoin scam

Billionaires Elon Musk, Jeff Bezos and Bill Gates are among many prominent US figures targeted by hackers on Twitter in an apparent Bitcoin scam.

The official accounts of Barack Obama, Joe Biden and Kanye West also requested donations in the cryptocurrency.

"Everyone is asking me to give back," a tweet from Mr Gates' account said. "You send $1,000, I send you back $2,000."

The US Senate Commerce committee has demanded Twitter brief it about the incident next week.

Twitter said it was a "co-ordinated" attack targeting its employees "with access to internal systems and tools".

"We know they [the hackers] used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf," the company said in a series of tweets.

It added that "significant steps" had been taken to limit access to such internal systems and tools while the company's investigation was ongoing.

The firm has also blocked users from being able to tweet Bitcoin wallet addresses for the time being.

Read more here: https://www.bbc.co.uk/news/technology-53425822

More Malware Found Hidden in Chinese Tax Software

A malware campaign hiding backdoors in mandatory Chinese corporate tax software is far more extensive than at first thought, according to researchers from Trustwave.

The vendor warned last month that it discovered several clients had unwittingly installed the GoldenSpy backdoor after agreeing to download the Intelligent Tax software product, produced by Aisino Corporation.

China’s banks require all companies to download software from either Aisino or Baiwang to comply with its Golden Tax VAT scheme, indicating that the malware campaign has either direct sponsorship from the government, or is happening with its blessing.

Soon after Trustwave reported on the powerful GoldenSpy backdoor, which it said could not be removed, an uninstaller appeared out of the blue which directly negates the threat.

Now the vendor has discovered a second piece of malware, dubbed GoldenHelper, which dates back to before GoldenSpy. It’s found in the Golden Tax Invoicing Software (Baiwang edition), which is digitally signed by a subsidiary of Aisino, Nou Nou Technologies.

The malware, while functionally different to GoldenSpy, has a similar delivery mechanism and it utilises three DLL files to: interface with the Golden Tax software; bypass Windows security and escalate privileges; and download and execute arbitrary code with system-level privileges.

It also uses multiple techniques to hide its presence and activity, including randomization of name whilst in transit and of file system location, timestomping, IP-based Domain Generation Algorithm (DGA), and UAC bypass and privilege escalation.

Read more here: https://www.infosecurity-magazine.com/news/more-malware-hidden/

How North Korea’s army of hackers stole $2bn through cyber bank heists

Towards the end of last year, a series of seemingly innocuous LinkedIn messages were sent to employees of aerospace and military companies in the UK, Europe and the Middle East. Curious engineers who replied to the job offers were sent further messages urging them to download files to find out more about the opportunities.

The file contained a list of available jobs and the salaries for each role. While recipients read through the list of highly paid positions, their computers were silently taken over by hackers who implanted software that allowed them to peer through all of their files and emails.

The lucrative jobs weren’t real, and neither were the recruiters. Instead the messages were sent by Lazarus, a notorious North Korean hacking group, which in 2014 had managed to break into the servers of Sony Pictures and in 2017 brought parts of the NHS to a standstill during the WannaCry ransomware attack.

Once the hackers had gained access to their target’s computer, the fake LinkedIn profiles vanished.

One hacker then used his access to a victim’s email account to find an outstanding invoice. He sent an email to another business demanding payment, but asked for the money to be sent to a new bank account controlled by the hacking group.

This cyber attack is a typical example of North Korea’s unique approach to hacking. As well as attacks to make political statements, the country uses its legions of hackers to generate billions of dollars for the regime through a series of audacious cyber bank heists.

A United Nations report published last year estimated that North Korean hackers have stolen more than $2bn (£1.5bn) and said the money was being funneled into the regime’s missile development programmes.

Cut off from almost all of the world’s financial systems, North Korea has for years relied on a series of illegal activities to bolster its income. As well as thriving drug trafficking and counterfeiting schemes, the regime has also funded hundreds of its own digital bank heists.

Read more here: https://www.telegraph.co.uk/technology/2020/07/12/north-koreas-army-hackers-stole-2bn-cyber-bank-heists/

UK ‘on alert for China cyber attack’ in retaliation for Hong Kong

The government must be alert to potential cyber attacks from countries such as China, ministers have said as tensions increase between London and Beijing.

Last month relations between the UK and China soured after Boris Johnson pledged to offer refuge to millions of Hong Kong citizens if the country implements its planned national security law. The government is also reported to have ‘changed its view’ on plans for Chinese tech company Huawei to play a role in developing the UK’s 5G network due to growing unease over security risks.

Now senior sources claim the worsening ties could see Britain be targeted by Chinese-backed hackers in a so-called ‘cyber 9/11’. This could damage computer networks, cause power and phone blackouts and bring hospitals, government and businesses to a standstill.

Britain’s National Cyber Security Centre says it is not ‘expecting’ a rise in attacks. However, one senior minister said the threat was ‘obviously part of conversations’, but added that ‘all risk must be looked at in the round’.

Read more: https://metro.co.uk/2020/07/12/ministers-fear-cyber-attack-uk-relations-worsen-china-12978970/

Ransomware warning: Now attacks are stealing data as well as encrypting it

There's now an increasing chance of getting your data stolen, in addition to your network being encrypted, when you are hit with a ransomware attack – which means falling victim to this kind of malware is now even more dangerous.

The prospect of being locked out of the network by cyber criminals is damaging enough, but by leaking stolen data, hackers are creating additional problems. Crooks use the stolen data as leverage, effectively trying to bully organisations who've become infected with ransomware into paying up – rather than trying to restore the network themselves – on the basis that if no ransom is paid, private information will be leaked.

Ransomware groups like those behind Maze and Sodinokibi have already shown they'll go ahead and publish private information if they're not paid and now the tactic is becoming increasingly common, with over one in ten attacks now coming with blackmail in addition to extortion.

Organisations in the legal, healthcare and financial sectors are among the most targeted by these campaigns, based on the assumption that they hold the most sensitive data.

Read more here: https://www.zdnet.com/article/ransomware-warning-now-attacks-are-stealing-data-as-well-as-encrypting-it/

Stop Ignoring Two-Factor Authentication Just Because You’re Lazy

A large number of people and businesses are missing out on a simple, effective online security solution by ignoring two-factor authentication (2FA), also called multi-factor authentication (MFA). The only requirement is to enter a code or press a button on a separate device from the one being used, yet for many, that effort seems too great. Laziness literally becomes the weakest point in their data protection systems.

If this sounds familiar, it’s time to change, as 2FA strengthens the security of all-important apps, including those where you share financial details such as banking and shopping apps – but to work, it has to be used.

Read more here: https://www.infosecurity-magazine.com/opinions/authentication-lazy/

Russian hackers ‘try to steal vaccine research’ in cyber attack on labs

Hackers linked to Russian intelligence agencies are targeting British scientists seeking to develop a coronavirus vaccine, spooks in the US, UK and Canada have warned.

In a joint statement Britain’s National Cyber Security Centre (NCSC), the US National Security Agency and the Canadian Communication Security Establishment, said that the APT29 hacking group, also known as the ‘Dukes’ or ‘Cozy Bear’ has been hitting medical organisations and universities with cyber attacks which they believe have had the Kremlin’s blessing.

These attacks are part of a global campaign to steal research secrets of research. While the institutions targeted have not been revealed, the UK is home to two of the world’s leading coronavirus vaccine development programmes based at Oxford University and Imperial College London.

Read more: https://metro.co.uk/2020/07/16/russian-hackers-launch-cyber-attack-uk-vaccine-researchers-12998769/

Counterfeit Cisco switches raise network security alarms

In a disconcerting event for IT security professionals, counterfeit versions of Cisco Catalyst 2960-X Series switches were discovered on an unnamed business network, and the fake gear was found to be designed to circumvent typical authentication procedures, according to a report.

researcher say their investigators found that while the counterfeit Cisco 2960-X units did not have any backdoor-like features, they did employ various measures to fool security controls. For example, one of the units exploited what F-Secure believes to be a previously undiscovered software vulnerability to undermine secure boot processes that provide protection against firmware tampering.

Read more: https://www.networkworld.com/article/3566705/counterfeit-cisco-switches-raise-network-security-alarms.html

Vulnerability in Windows DNS servers

Microsoft has reported a critical vulnerability in Windows DNS server under CVE-2020-1350.

Bad news: The vulnerability scored 10 on the CVSS scale, which means it’s critical. Good news: Cyber criminals can exploit it only if the system is running in DNS server mode; in other words, the number of potentially vulnerable computers is relatively small. Moreover, the company has already released patches and a workaround.

The vulnerability lets a malefactor force DNS servers running Windows Server to execute malicious code remotely. In other words, the vulnerability belongs to the RCE class. To exploit CVE-2020-1350, one just has to send a specially generated request to the DNS server.

Installing the Microsoft patch modifies the method of handling requests by DNS servers. The patch is available for Windows Server 2008, Windows Server 2012, Windows Server 2016, Windows Server 2019, Windows Server version 1903, Windows Server version 1909, and Windows Server version 2004.

Read more here: https://www.kaspersky.com/blog/cve-2020-1350-dns-rce/36366/

Threat actors are scanning the Internet for Citrix systems affected by the recently disclosed vulnerabilities.

This week Citrix has addressed 11 vulnerabilities affecting the ADC, Gateway, and SD-WAN WANOP networking products. The vulnerabilities could be exploited by attackers for local privilege escalation, to trigger a DoS condition, to bypass authorization, to get code injection, and to launch XSS attacks.

Some of the addressed flaws could be exploited only if the attackers have access to the targeted system and request user interaction, or other conditions must be verified. For this reason, Citrix believes the flaws are less likely to be exploited.

Now, hackers are scanning the web for systems affected by the recently disclosed Citrix vulnerabilities.

Read more here: https://securityaffairs.co/wordpress/105776/hacking/vulnerable-citrix-systems-scan.html

Iranian Spies Accidentally Leaked Videos of Themselves Hacking

A security team obtained five hours of Iranian state actor group APT35 hacking operations, showing exactly how the group steals data from email accounts—and who it’s targeting.

Normally security researchers need to painstakingly piece together the blow-by-blow of a state-sponsored hacking operation, they're usually following a thin trail of malicious code samples, network logs, and connections to faraway servers. That detective work gets significantly easier when hackers record what they’re doing and upload the video to an unprotected server on the open internet. Which is precisely what a group of Iranian hackers may have unwittingly done.

Read more here: https://www.wired.com/story/iran-apt35-hacking-video/

Amazon-Themed Phishing Campaigns Swim Past Security Checks

A pair of recent campaigns aim to lift credentials and other personal information under the guise of Amazon package-delivery notices.

Amazon in the era of COVID-19 has become a staple of many people’s lives, as they order everything from sourdough starter to exercise equipment. Cybercrooks have latched onto the delivery behemoth as a lure for phishing emails, knowing that plenty of legitimate delivery messages are also making it into people’s inboxes and offering cover.

Researchers recently spotted a pair of savvy campaigns leveraging Amazon: A credential-phishing attempt using a purported Amazon delivery order failure notice; and a voice phishing (vishing) attempt also using Amazon delivery order. Both are examples of the ever-more sophisticated phishing efforts being developed by fraudsters that are aimed at gaming traditional email security efforts, researchers said.

Read more here: https://threatpost.com/amazon-phishing-campaigns-security-checks/157495/

Malicious Router Log-Ins Soar Tenfold in Botnet Battle

Home users are being urged to ensure their routers are adequately protected after experts revealed a tenfold spike in brute force log-in attempts.

According to the latest research from Trend Micro “Worm War: The Botnet Battle for IoT Territory”, describes a threat landscape in which rival cyber-criminals are competing against each other in a race to compromise as many devices as possible, to conscript into botnets.

The vendor claimed that automated log-in attempts against routers rose from 23 million in September to nearly 249 million attempts in December 2019. As recently as March this year, it detected almost 194 million brute force logins.

The report also revealed an uptick in routers attempting to open telnet sessions with other devices. As telnet is unencrypted it’s a favorite way for hackers or their botnets to sniff user credentials and therefore infect more routers or IoT devices.

Nearly 16,000 devices attempted to open telnet sessions with other IoT devices in a single week in mid-March, according to the data.

The report warned that these mass compromises could cause serious disruption for home networks at a time when many global users are being forced to work and study from home.

Read more here: https://www.infosecurity-magazine.com/news/malicious-router-logins-soar/

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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Cyber Weekly Flash Briefing 10 July 2020: firms concerned by cloud security: most already breached, 15 Billion passwords on sale, routers present huge risk, BMW cust breach, NK hackers target retail

Cyber Weekly Flash Briefing 10 July 2020: firms concerned by cloud security: most already breached, 15 Billion passwords on sale, routers present huge risk, BMW cust breach, NK hackers target retail

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.

Majority of firms concerned about public cloud security, most have suffered breach

Most businesses are worried about the current state of their public cloud security, with 70% admitting they have experienced a breach over the past year including 93% in India, where this figure is highest worldwide. Companies that used more than one public cloud platforms reported more security incidents than their peers that used only one platform.

In addition, system misconfigurations enabled 66% of cyber attacks either because attackers were able to exploit a misconfigured system or tap flaws in the firewall applications to steal credentials of cloud provider accounts. Data loss or leak was the biggest security concern, with 44% of organisations pointing to this as a top focus area, according to Sophos' State of Cloud Security 2020 study.

The survey polled 3,521 IT managers across 26 markets including 158 in Singapore, 227 in India, 162 in China, 148 in Australia, 126 in Japan, 191 in the UK, and 413 in the US. These respondents used services from at least one of the following public cloud providers: Amazon Web Services (AWS) and VMWare Cloud on AWS, Microsoft Azure, Alibaba Cloud, and Oracle Cloud. They also might have used Google Cloud and IBM Cloud.

Read more: https://www.zdnet.com/article/majority-of-firms-concerned-about-public-cloud-security-most-have-suffered-breach/

15 Billion Stolen Passwords On Sale On The Dark Web, Research Reveals

There are more than 15 billion stolen account credentials circulating on criminal forums within the dark web, a new study has revealed.

Researchers discovered usernames, passwords and other login information for everything from online bank accounts, to music and video streaming services.

The majority of exposed credentials belong to consumers rather than businesses, the researchers found, resulting from hundreds of thousands of data breaches.

Unsurprisingly, the most expensive credentials for sale were those for bank and financial services. The average listing for these was £56 on the dark web – a section of the internet notorious for criminal activity that is only accessible using specialist software.

Researched stated that the sheer number of credentials available is staggering.

Read more here: https://www.independent.co.uk/life-style/gadgets-and-tech/news/security-passwords-dark-web-digital-shadows-a9607871.htm

Check your router now - it could be a huge security risk

Many of the most popular home routers available to buy today feature a worrying number of security flaws and vulnerabilities, new research has found and your router might be the biggest security hole in your network.

A report from Germany discovered that the firmware present in a large number of leading routers was susceptible to hugely damaging security issues.

Many routers were found to never have received a single security firmware update in their lifetime, despite the risk that this could pose to users at home and at work, and were vulnerable to hundreds of well-known security issues.

The study looked at 127 home routers from seven brands (Netgear, ASUS, AVM, D-Link, Linksys, TP-Link and Zyxel), examining the product firmware for any known security vulnerabilities.

46 of the products it tested had not received any kind of security update within the past 12 months, with some vendors shipping firmware updates without fixing known vulnerabilities, and one set of products not seeing a firmware update for more than five years.

Read more here: https://www.techradar.com/news/check-your-router-now-it-could-be-a-huge-linux-security-risk

Data Breach Affects 384,319 BMW Customers in the U.K.

Researchers at an intelligence firm discovered that a hacker group “KelvinSecurity” compromised the personal information of 384,319 BMW customers in the U.K. and put them for sale on various darknet forums.

The hacker group claimed that they got the BMW database from a call centre that handles customers’ information of various automobile brands. The stolen database contains over 500,000 customer records dated between 2016 and 2018, affecting U.K. owners of other car manufacturers, including Honda, Mercedes, SEAT, and Hyundai in the U.K.

The exposed BMW owners’ information included sensitive information such as surnames, emails, vehicle registration numbers, residential address, dealer names, car registration information, names of dealerships. The researchers also discovered multiple databases exposed by KelvinSecurity, including data related to the U.S. government contractors and the Russian military weapons development. The hacker group also exposed over 28 databases on various darknet forums for free, affecting organizations in Iran, Australia, Mexico, U.S., Sweden, Indonesia, and France.

Read more here: https://cisomag.eccouncil.org/bmw-data-breach/

SurveyMonkey Phishers Go Hunting for Office 365 Credentials

Security researchers are warning of a new phishing campaign that uses malicious emails from legitimate SurveyMonkey domains in a bid to bypass security filters.

The phishing emails in question are sent from a real SurveyMonkey domain but crucially have a different reply-to domain.

Within the body of the email is a hidden redirect link appearing as the text ‘Navigate to access statement’ with a brief message ‘Please do not forward this email as its survey link is unique to you’” it explained. Clicking on the link redirects to a site hosted on a Microsoft form submission page. This form asks the user to enter their Office 365 email and password. If the user is not vigilant and provides their credentials, the user account would be compromised.

The attack is effective for several reasons: its use of a legitimate SurveyMonkey email sender, the concealing of the phishing site URL and the description of the email as unique to every user.

Read more here: https://www.infosecurity-magazine.com/news/surveymonkey-phishers-office-365/

Microsoft takes legal action against COVID-19-related cybercrime

This week a Court in the US unsealed documents detailing Microsoft’s work to disrupt cybercriminals that were taking advantage of the COVID-19 pandemic in an attempt to defraud customers in 62 countries around the world. The civil case has resulted in a court order allowing Microsoft to seize control of key domains in the criminals’ infrastructure so that it can no longer be used to execute cyberattacks.

Microsoft’s Digital Crimes Unit (DCU) first observed these criminals in December 2019, when they deployed a sophisticated, new phishing scheme designed to compromise Microsoft customer accounts. The criminals attempted to gain access to customer email, contact lists, sensitive documents and other valuable information. Based on patterns discovered at that time, Microsoft utilized technical means to block the criminals’ activity and disable the malicious application used in the attack. Recently, Microsoft observed renewed attempts by the same criminals, this time using COVID-19-related lures in the phishing emails to target victims.

Read more here: https://blogs.microsoft.com/on-the-issues/2020/07/07/digital-crimes-unit-covid-19-cybercrime/

North Korea's Lazarus hackers are planting skimmers on US and European retail websites, researchers warn

Researchers claim to have found evidence to suggest that North Korean state-sponsored actors are planting skimmers on the web stores of many American and European retailers in efforts to steal payment card details of unsuspecting shoppers.

The activities have been ongoing since at least May 2019, the researchers say, and can be attributed to hackers linked with the North Korean-backed Lazarus group.

The new research shows that in the last year, Lazarus has been able to infiltrate web stores of many retailers, such as international fashion chain Claire's.  The group has also developed a global exfiltration network that uses authentic websites to transfer stolen assets to attackers. These websites are first hijacked and then repurposed to mask the malicious activities of the hackers.

Read more here: https://www.computing.co.uk/news/4017355/north-korea-lazarus-hackers-planting-skimmers-us-european-retail-websites-researchers-warn

British Army ‘to be slashed by 20,000 troops to make way for cyber warfare’

In a clear indication of the expectations of how future conflicts will be fought the British Army could be cut by more than a quarter under spending review plans dawn up by UK defence chiefs.

Up to 20,000 troops could be let go, while airfields are closed and helicopters are taken out of service. The Royal Marines commando brigade may also be disbanded and Royal Navy minesweepers could also be axed.

Security sources have claimed Johnson’s top adviser Dominic Cummings has been pushing to divert a sizeable amount of money from the army to fund cyber warfare, space and artificial intelligence projects.

Read more here: https://metro.co.uk/2020/07/06/army-slashed-20000-troops-make-way-cyber-warfare-12950143/

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

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

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

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