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Black Arrow Cyber Threat Briefing 19 April 2024

Black Arrow Cyber Threat Intelligence Briefing 19 April 2024:

-94% of Ransomware Victims Have Their Backups Targeted by Attackers

-Sharing IT Providers Is a Risk for Financial Services, Says IMF, as Rising Cyber Threats Pose Serious Concerns for Financial Stability

-Hackers are Threatening to Publish a Huge Stolen Sanctions and Financial Crimes Watchlist

-Your Annual Cyber Security Is Not Working, but There is a Solution

-73% of Security Professionals Say They’ve Missed, Ignored or Failed to Act on a High Priority Security Alert

-Russia and Ukraine Top Inaugural World Cyber Crime Index

-Police Takedown Major Cyber Fraud Superstore: Will the Cyber Crime Industry Become More Fragmented?

-Small Businesses See Stable Business Climate; Cite Cyber Security as Top Threat

-The Threat from Inside: 14% Surge in Insider Threats Compared to Previous Year

-Dark Web Sales Driving Major Rise in Credential Attacks as Attackers Pummel Networks with Millions of Login Attempts

-Large Enterprises Experience Breaches, Despite Large Security Stacks - Report Finds 93% of Breaches Lead to Downtime and Data Loss

-Charities Doing Worse than Private Sector in Staving off Cyber Attacks

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

94% of Ransomware Victims Have Their Backups Targeted by Attackers

Organisations that have backed up sensitive data may believe they are safe from the effects of ransomware attacks; however a new study by Sophos reported that cyber criminals attempted to compromise the backups of 94% of companies hit by ransomware in the past year. The research found that criminals can demand a higher ransom when they compromise an organisation’s backup data, and those victims are twice as likely to pay. The median ransom demand is $2.3 million when backups are compromised, compared to $1 million otherwise.

Additionally, sectors like state and local governments, along with media and entertainment, are particularly vulnerable with nearly all affected organisations experiencing backup compromises.

Source: [Tech Republic]

Sharing IT Providers Is a Risk for Financial Services, Says IMF, as Rising Cyber Threats Pose Serious Concerns for Financial Stability

The International Monetary Fund has found that with greater digitalisation and heightened geopolitical tensions comes a greater risk of cyber attack with systemic consequences. The IMF noted that losses more than quadrupled since 2017 to $2.5 billion.

The push for technology has led to a number of financial services institutions relying on third-party IT firms, increasing their susceptibility to cyber disruption on a wider scale and a potential ripple effect were a third party to be hit. Whilst such third parties can increase the cyber resilience of a financial services institution, they also expose the industry to systemwide shocks, the IMF reports.

The IMF recommend institutions should identify potential systematic risks in their third-party IT firms. If the organisation is unable to perform such risk assessments, they should seek the expert support of an independent cyber security specialist.

Sources: [The Banker] [IMF]

Hackers are Threatening to Publish a Huge Stolen Sanctions and Financial Crimes Watchlist

A cyber crime group named GhostR has claimed responsibility for stealing 5.3 million records from the World-Check database, which companies use for "know your customer" (KYC) checks to screen potential clients for financial crime risks. The data theft occurred in March and originated from a Singapore-based firm with access to World-Check. The London Stock Exchange Group (LSEG), which owns World-Check, confirmed that the breach involved a third-party's dataset and not their systems directly. The stolen data includes sensitive information on individuals identified as high-risk, such as government-sanctioned figures and those linked to organised crime. LSEG is coordinating with the affected third party and authorities to protect the compromised data and prevent its dissemination.

Source: [TechCrunch]

Your Annual Cyber Security Is Not Working, But There is a Solution

Most organisations utilise annual security training in an attempt to ensure every department develops their cyber awareness skills and is able to spot and report a threat. However, this training is often out of date. Additionally, often training has limited interactivity, failing to capture and maintain employees’ attention and retention. On top of this, many training courses fail to connect employees to real-world scenarios that could occur in their specific job.

To get the most return on investment, organisations need to have more regular education, with the aim of long-term behavioural shifts in the work place, nudging employees towards greater cyber hygiene.

Source: [TechRadar]

73% of Security Professionals Say They’ve Missed, Ignored or Failed to Act on a High Priority Security Alert

A new survey from Coro, targeting small medium enterprises (SME) cyber security professionals, reveals that 73% have missed or ignored high priority security alerts due to overwhelming workloads and managing multiple security tools. The 2024 SME Security Workload Impact Report highlights that SMEs are inundated with alerts and responsibilities, which dilute their focus from critical security threats. On average, these professionals manage over 11 security tools and spend nearly five hours daily on tasks like monitoring and patching vulnerabilities. Respondents handle an average of over 2,000 endpoint security agents across 656 devices, more than half dealing with frequent vendor updates.

Source: [Business Wire]

Russia and Ukraine Top Inaugural World Cyber Crime Index

The inaugural World Cybercrime Index (WCI) identifies Russia, Ukraine, and China as the top sources of global cyber crime. This index, the first of its kind, was developed over four years by an international team from the University of Oxford and the University of New South Wales, with input from 92 cyber crime experts. These experts ranked countries based on the impact, professionalism, and technical skills of their cyber criminals across five cyber crime categories, including data theft, scams, and money laundering. Russia topped the list, followed by Ukraine and China, highlighting their significant roles in high-tech cyber criminal activities. The index, expected to be updated regularly, aims to provide a clearer understanding of cyber crime's global geography and its correlation with national characteristics like internet penetration and GDP. Of note the UK and US also made the top ten list, so it is not just other countries we need to worry about.

Top ten Countries in full:

1.       Russia

2.       Ukraine

3.       China

4.       United States

5.       Nigeria

6.       Romania

7.       North Korea

8.       United Kingdom

9.       Brazil

10.   India

Source: [Infosecurity Magazine]

Police Takedown Major Cyber Fraud Superstore: Will the Cyber Crime Industry Become More Fragmented?

The London Metropolitan Police takedown of online fraud service LabHost serves as a reminder of the industrial scale on which cyber crimes are being performed, with the service amassing 480,000 debit or credit card numbers and 64,000 PINs: all for the subscription price of £300 a month. The site even included tutorial videos on how to commit crime and offered customer service.

Such takedowns can lead to fragmentation. The 2,000 individuals subscribed to LabHost may have lost access but where there is demand, supply will be found. The takedown of one service allows other, small services to fill the gap. As the saying goes ‘nature abhors a vacuum’ and it is especially true when it comes to cyber crime; there is too much business for empty spaces not to be filled.

Sources: [ITPro] [The Guardian]

Small Businesses See Stable Business Climate; Cite Cyber Security as Top Threat

Small businesses are experiencing a stable business climate, as reflected by the Small Business Index, indicating an increasing optimism about the economy. However, the recent surge in cyber attacks, including major assaults on UnitedHealth Group and MGM Resorts, has underscored the growing vulnerability of these businesses to cyber crime. Despite 80% of small to medium-sized enterprises feeling well-protected by their IT defences, a Devolutions survey reveals that 69% of them still fell victim to cyber attacks last year. This has led to cyber security being viewed as the greatest threat by 60% of small businesses, even surpassing concerns over supply chain disruptions and the potential for another pandemic.

The average cost of these attacks ranges from $120,000 to $1.24 million, leading to 60% of affected businesses closing within six months. This vulnerability is further compounded by a common underestimation of the ransomware threat. While 71% of businesses feel prepared for future threats, the depth of this preparedness varies, with only 23% feeling very prepared for cyber security challenges.

Sources: [Claims Journal] [Inc.com]

The Threat from Inside: Insider Threats Surge 14% Annually as Cost-of-Living Crisis Bites

Employee fraud grew significantly last year thanks to the opportunities afforded by remote working and the pressures of a cost-of-living crisis in the UK, according to Cifas, an anti-fraud non-profit. The number of individuals recorded in its cross-sector Insider Threat Database (ITD) increased 14% year-on-year (YoY) in 2023, with the most common reason being “dishonest action to obtain benefit by theft or deception” (49%).

Insider threats – both by accident or with malicious intent – by their own employees are overlooked, despite accounting for 58% of cybersecurity breaches in recent years. As a result, a large proportion of businesses may lack any strategy to address insider risks, leaving them vulnerable to financial, operational and reputational harm.

Source: [Infosecurity Magazine] [TechRadar]

Dark Web Sales Driving Major Rise in Credential Attacks as Attackers Pummel Networks with Millions of Login Attempts

Dark web sales are driving a major rise in credential attacks, with a surge in infostealer malware attacks over the last three years significantly heightening the cyber crime landscape. Kaspersky reports a sevenfold increase in data theft attacks, leading to the compromise of over 26 million devices since 2022. Cyber criminals stole roughly 400 million login credentials last year alone, often sold on dark web markets for as low as $10 per log file. These stolen credentials have become a lucrative commodity, fostering a complex economy of initial access brokers who facilitate broader corporate network infiltrations. The Asia-Pacific and Latin America regions have been particularly affected, with millions of credentials stolen annually.

Simultaneously, Cisco’s Talos team warns of a current credential compromise campaign targeting networks via mass login attempts to VPN, SSH, and web apps. Attackers use a mix of generic and specific usernames with nearly 100 passwords from about 4,000 IP addresses, likely routed through anonymising services (such as TOR). These attacks pose risks like unauthorised access, account lockouts, and potential denial-of-service. The attack volume has increased since 18 March this year mirroring a previous alert by Cisco about a similar campaign affecting VPNs. Despite method and infrastructure similarities, a direct link between these campaigns is yet to be confirmed.

Sources: [Ars Technica] [Data Breach Today]

Large Enterprises Experience Breaches, Despite Large Security Stacks; Report Finds 93% of Breaches Lead to Downtime and Data Loss

93% of enterprises admitting to having had a breach have suffered significant consequences, ranging from unplanned downtime to data exposure or financial loss, according to a recent report. 73% of organisations made changes to their IT environment at least quarterly, however only 40% tested their security at the same frequency. Unfortunately, this means that many organisations are facing a significant gap in which changes in the IT environment are untested, and therefore their risk unknown.

Security tools can aid this, however as the report finds, despite having a large number of security stacks, 51% still reported a breach in the past 24 months. Organisations must keep in mind that security extends beyond the technical realm, and it needs to include people and operations.

Sources: [Infosecurity Magazine] [Help Net Security]

Charities Doing Worse than Private Sector in Staving off Cyber Attacks

Recent UK Government data reveals a significant cyber security challenge for charities, with about a third experiencing breaches this past year, equating to nearly 924,000 cyber crimes. Notably, 83% of these incidents involved phishing, with other prevalent threats including fraud emails and malware. The data found that 63% of charities said cyber security was a high priority for senior management, however, charities lag behind the private sector in adopting security monitoring tools and conducting risk assessments.

Additionally, while half of the charities implement basic cyber hygiene defences like malware protection and password policies, only about 40% seek external cyber security guidance.

Source: [TFN]

Governance, Risk and Compliance

Threats

Ransomware, Extortion and Destructive Attacks

Ransomware Victims

Phishing & Email Based Attacks

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

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

Insider Risk and Insider Threats

Insurance

Cloud/SaaS

Identity and Access Management

Linux and Open Source

Passwords, Credential Stuffing & Brute Force Attacks

Social Media

Malvertising

Training, Education and Awareness

Regulations, Fines and Legislation

Models, Frameworks and Standards

Backup and Recovery

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

China

Russia

Iran

North Korea

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

Vulnerability Management

Vulnerabilities

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 Threat Briefing 26 March 2021

Black Arrow Cyber Threat Briefing 26 March 2021: Cyber Warfare Will Grind Britain’s Economy To A Halt; $2 Billion Lost To BEC Scams In 2020; Ransomware Gangs Targets Firms With Cyber Insurance; Three Billion Phishing Emails Are Sent Every Day; $50 Million Ransomware For Computer Maker Acer; Office 365 Phishing Attack Targets Financial Execs; MS Exchange Hacking, Thousands Of Email Servers Still Compromised; Average Ransom Payment Surged 171% in 2020; Phishers’ Perfect Targets: Employees Getting Back To The Office; Nasty Malware Stealing Amazon, Facebook And Google Passwords

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 Warfare Will Grind Britain’s Economy To A Halt

The UK Integrated Security, Defence, Development and Foreign Policy Review was published this week, reflecting on current concerns and previously announced initiatives. The policy made it clear that emerging networks and technologies, such as electric vehicle charging points, provide an opportunity for adversaries to unbalance, paralyse or even defeat us, and a large scale attack on the UK could grind Britain’s economy to a halt.

https://www.telegraph.co.uk/technology/2021/03/22/cyber-warfare-will-grind-britains-economy-halt/

Almost $2 Billion Lost To BEC Scams In 2020

Losses emanating from Business Email Compromise (BEC) and Email Account Compromise (EAC) scams surpassed US$1.86 billion last year, which is more than the combined losses stemming from the next six costliest types of cyber crime. 19,000 reports of BEC/EAC scams last year, a decrease compared to the almost 24,000 incidents reported in 2019. The associated losses, however, increased by over US$90 million and accounted for 45 percent of the total losses (US$4.2 billion).

https://www.welivesecurity.com/2021/03/23/almost-2billion-lost-bec-scams-2020/

Ransomware Gang Says It Targets Firms Who Have Cyber Insurance

What I found particularly fascinating was a claim made by “Unknown” that the REvil gang specifically targets firms who have taken out insurance against ransomware attacks – presumably in the understandable belief that those corporate victims are more likely to pay up.

https://grahamcluley.com/ransomware-gang-says-it-targets-firms-with-cyber-insurance/

Three Billion Phishing Emails Are Sent Every Day

Cyber criminals are sending over three billion emails a day as part of phishing attacks designed to look like they come from trusted senders. By spoofing the sender identity used in the 'from' field in messages, cyber criminals attempt to lure potential victims into opening emails from names they trust. This could be the name of a trusted brand like a retailer or delivery company, or even, in more sophisticated attacks, the name of their CEO or a colleague.

https://www.zdnet.com/article/three-billion-phishing-emails-are-sent-every-day-but-one-change-could-make-life-much-harder-for-scammers/

Ransomware Gang Demands $50 Million From Computer Maker Acer

Acer has suffered a ransomware attack over the past weekend at the hands of the REvil ransomware gang, which is now demanding a whopping $50 million ransom payment to decrypt the company’s computers and not leak its data on the dark web. The attack has not disrupted production systems but only hit the company’s back-office network. The security breach was not deemed disruptive enough to prevent or delay the computer maker from announcing its Q4 2020 financial results on Wednesday.

https://therecord.media/ransomware-gang-demands-50-million-from-computer-maker-acer/

Office 365 Phishing Attack Targets Financial Execs

A new phishing scam is on the rise, targeting executives in the insurance and financial services industries to harvest their Microsoft 365 credentials and launch business email compromise (BEC) attacks. These new, sophisticated attacks are aimed at C-suite executives, their assistants, and financial departments, and can work around email security and Office 365 defences.

https://threatpost.com/office-365-phishing-attack-financial-execs/164925/

Microsoft Exchange Hacking: Thousands Of Email Servers Still Compromised – Ransomware Operators Still Piling In On Already Hacked Servers

Thousands of Microsoft Exchange servers are still compromised by hackers even after applying fixes. Owners of email servers that were compromised before Microsoft Corp. issued a patch nearly three weeks ago must take additional measures to remove the hackers from their networks. Microsoft has previously warned that patching will not evict a hacker who has already compromised a server.

https://www.livemint.com/technology/tech-news/microsoft-exchange-hacking-thousands-of-email-servers-still-compromised-11616462322125.html

Average Ransom Payment Surged 171% in 2020

The average ransomware payment soared by 171% year-on-year in 2020 as cyber crime gangs queued up to exploit the pandemic. The security vendor’s Unit 42 division compiled its Ransomware Threat Report 2021 from analysis of over 19,000 network sessions, 252 ransomware leak sites and 337 victim organizations.

https://www.infosecurity-magazine.com/news/average-ransom-payment-surged-171/

Phishers’ Perfect Targets: Employees Getting Back To The Office

Phishers have been exploiting people’s fear and curiosity regarding breakthroughs and general news related to the COVID-19 pandemic from the very start and will continue to do it for as long it affects out private and working lives. Cyber criminals continually exploit public interest in COVID-19 relief, vaccines, and variant news, spoofing the Centers for Disease Control (CDC), U.S. Internal Revenue Service (IRS), U.S. Department of Health and Human Services (HHS), World Health Organization (WHO), and other agencies and businesses.

https://www.helpnetsecurity.com/2021/03/22/phishers-employees/

Nasty Malware Stealing Amazon, Facebook And Google Passwords

A new piece of malware called CopperStealer is lurking in “cracked” software downloads available on pirated-content sites, and the malware can compromise your login info for Amazon, Apple, Facebook and Google, among other services. Notably, CopperStealer runs on the same basic principles as SilentFade, a pernicious piece of malware that ravaged Facebook accounts back in 2019.

https://www.tomsguide.com/news/cracked-software-copperstealer-malware

Threats

Ransomware

Phishing

Malware

IOT

Vulnerabilities

Data Breaches

Organised Crime & Criminal Actors

OT, ICS, IIoT and SCADA

Nation State Actors

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.

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Cyber Weekly Flash Briefing 18 Sept 2020: Higher cyber losses; old MS Office exploit; banking Trojan given away free; new Bluetooth flaw; IoT risks; DDoS attacks up; US charge Iranians & Russians

Cyber Weekly Flash Briefing 18 September 2020: Cyber losses increasing in frequency & severity, decade-old MS Office exploit, Cerberus banking Trojan released for free to attackers, Bluetooth vulnerability affects billions of devices, The Internet of Things devices that could put you at risk from hackers

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.

Cyber losses are increasing in frequency and severity

Research by a cyber insurance provider in North America shows cyber attacks have increased in number and severity since the onset of the coronavirus pandemic. The changes that organisations implemented to facilitate remote work have given cyber criminals new opportunities to launch campaigns exploiting mass uncertainty and fear.

The severity of ransomware attacks has increased since the beginning of COVID-19, with researchers having observed a 47% increase on top of a 100% increase in Q1 2020.

Researchers also found that newer strains of ransomware have been particularly malicious, with costly ransom demands and criminal actors threatening to expose an organisation’s data if they don’t pay. They report that the average demand from attackers using the Maze variety of ransomware is approximately six times larger than the overall average.

Researchers also reported a 35% increase in funds transfer fraud and social engineering claims filed by their policyholders since the pandemic began. Reported losses from these types of attack have ranged from the low thousands to well above $1 million per event.

Additionally, COVID-19 has resulted in a notable surge of business email compromise. The insurer observed a 67% increase in the number of email attacks during the pandemic.

Why this matters:

The report refers to North America but the findings are applicable to us all. They indicate that the most frequent types of losses incurred by victims were from ransomware (41%), funds transfer loss (27%), and business email compromise incidents (19%) — accounting for 87% of reported incidents and 84% of the insurer’s claim pay-outs in the first half of 2020.

Clearly with the landscape getting worse, firms more likely to fall victim, and with losses increasing all the time, firms should ensure they are taking these threats seriously.

Read more: https://www.helpnetsecurity.com/2020/09/14/cyber-losses-are-increasing-in-frequency-and-severity/

Hackers have revived a decade-old Microsoft Office exploit - and they’re having a field day

Hackers have ramped up attempts to abuse a decade-old Microsoft Office flaw with the help of creative new email scams, new research has found.

According to analysis commissioned by NordVPN, attempts to exploit the vulnerability (CVE-2017-11882) rose by 400% in the second quarter of the year - with further growth expected.

Why this matters:

If exploited successfully, the memory corruption bug could allow attackers to execute code on the target device remotely. This is especially problematic if the affected user’s account has administrative privileges, in which case the hacker could seize control of the system.

Read more: https://www.techradar.com/news/hackers-have-revived-a-decade-old-microsoft-office-exploit-and-theyre-having-a-field-day

Cerberus banking Trojan source code released for free to cyber attackers

The source code of the Cerberus banking Trojan has been released as free malware on underground hacking forums following a failed auction.

The leaked code, distributed under the name Cerberus v2, presents an increased threat for smartphone users and the banking sector at large. 

Why this matters:

Cerberus is a mobile banking Trojan designed for the Google Android operating system. In circulation since at least July 2019, the Remote Access Trojan (RAT) is able to conduct covert surveillance, intercept communication, tamper with device functionality, and steal data including banking credentials by creating overlays on existing banking, retail, and social networking apps.

The malware is able to read text messages that may contain one-time passcodes (OTP) and two-factor authentication (2FA) codes, thereby bypassing typical 2FA account protections. OTPs generated through Google Authenticator may also be stolen.

Read more: https://www.zdnet.com/article/cerberus-banking-trojan-source-code-released-for-free-to-cyberattackers/

Critical Bluetooth security vulnerability could affect billions of devices worldwide

A new security flaw in the Bluetooth software stack discovered over the summer has the potential to affect billions of smartphones, laptops and IoT devices using the Bluetooth Low Energy (BLE) protocol.

The new vulnerability has been given the name BLESA (Bluetooth Low Energy Spoofing Attack) by the team of seven academic researchers at Purdue University who first discovered it.

Unlike the recently discovered BLURtooth vulnerability that deals with how Bluetooth devices pair with one another, BLESA was found in the reconnection process. Reconnections occur when two BLE devices move out of range and then move back into range. Normally BLE devices check the cryptographic keys negotiated during the pairing process when reconnecting.

The research team found that the official BLE specification did not contain strong-enough language to describe the reconnection process properly leading to two systemic issues making their way into BLE software implementations.

The first deals with the fact that authentication during device reconnection is optional as opposed to mandatory while the second relates to how authentication can potentially be circumvented if a user's BLE device fails to force another device to authenticate the cryptographic keys sent while reconnecting.

Why this matters:

Billions of devices could be vulnerable to these BLESA attacks where a nearby attacker bypasses reconnection verification and sends spoofed data to a BLE device with incorrect information. This can lead both humans and automated processes to make incorrect decisions when it comes to allowing two devices to reconnect with one another.

Read more: https://www.techradar.com/news/critical-bluetooth-security-vulnerability-could-affect-billions-of-devices-worldwide

Coffee machines, cuddly toys and cars: The Internet of Things devices that could put you at risk from hackers

Connected teddy bears, connected coffee machines and connected cars are just some of the unusual Internet of Things (IoT) devices being insecurely connected to corporate networks that could leave whole organisations open to cyber attacks.

A research paper by Palo Alto Networks details the surge in IoT devices being connected to corporate networks and their wide variety.

Some of the most common irregular devices being connected to organisations' networks include connected vehicles, connected toys and connected medical devices, with connected sports equipment such as fitness trackers, gaming devices and connected cars also being deployed.

These devices are being connected because they can often help people through the working day or help manage aspects of their personal life, but they're also creating additional problems for the corporate network.

Why this matters:

In many cases, these 'shadow IoT' devices are being added to the network without the knowledge of the security team.

This could potentially leave the corporate network vulnerable because not only do some IoT devices have poor security that means they can easily be discovered and exploited, but some workplaces still have flat networks and if a device is compromised then an attacker can move from the IoT product to another system.

Read more: https://www.zdnet.com/article/coffee-machines-cuddly-toys-and-cars-the-internet-of-things-devices-which-could-put-you-at-risk-from-hackers/

DDoS Attacks Skyrocket as Pandemic Bites

More people being online during lockdowns and more people working from home has proven to be lucrative for DDoS type attacks.

The first half of 2020 saw a significant uptick in the number of distributed denial-of-service (DDoS) attacks compared to the same period last year — a phenomenon that appears to be directly correlated to the global coronavirus pandemic.

One firm’s Security Operations Centre (SOC) saw a 151 percent increase in DDoS activity in the period, including one of the largest and longest attacks they had has ever mitigated – that attack came in at 1.17 terabits-per-second (Tbps), and lasted five days and 18 hours.

These figures are representative of the growing number, volume and intensity of network-type cyber attacks as organizations shifted to remote operations and workers’ reliance on the internet increased.

Why this matters:

DDoS attacks are getting bigger, with a “noticeable spike” in volume: The number of attacks sized 100Gbps and above grew a whopping 275 percent. Emblematic of this is a 2.3Tbps attack targeting an Amazon Web Services client in February – the largest volumetric DDoS attack on record. And the aforementioned 1.17Tbps attack was 192 percent bigger than the largest attack mitigated during the first half of 2019.

Read more: https://threatpost.com/ddos-attacks-skyrocket-pandemic/159301/

US charges two Russians for stealing $16.8m via cryptocurrency phishing sites

The US Department of Justice has filed charges this week against two Russian nationals for orchestrating a multi-year phishing operation against the users of three cryptocurrency exchanges.

The two suspects stand accused of creating website clones for the Poloniex, Binance, and Gemini cryptocurrency exchanges, luring users on these fake sites, and collecting their account credentials. These phishing operations began around June 2017.

US officials said the Russian duo — made up of Danil Potekhin (aka cronuswar) and Dmitrii Karasavidi; residents of Voronezh and Moscow, respectively — used the stolen credentials to access victim accounts and steal their Bitcoin (BTC) and Ether (ETH) crypto-assets.

Why this matters:

In total, US officials estimated the victims in the hundreds. Court documents cite 313 defrauded Poloniex users, 142 Binance victims, and 42 users at Gemini. Losses were estimated at $16,876,000.

Whilst bitcoin has waned in popularity after its highs a few years back there is still value in holdings held in different exchanges and these holdings remain popular targets for attackers.

Read more: https://www.zdnet.com/article/us-charges-two-russians-for-stealing-16-8m-via-cryptocurrency-phishing-sites/

US charges two Iranian hackers for years-long cyber-espionage, cybercrime spree

The US has also filed charges against and is seeking the arrest of two Iranian nationals believed to have carried out cyber-intrusions at the behest of the Iranian government and for their own personal financial gain.

In an indictment unsealed this week, prosecutors accused Hooman Heidarian and Mehdi Farhadi, both from Hamedan, Iran, of launching cyber-attacks against a wide range of targets since at least 2013.

Past victims included several US and foreign universities, a Washington think tank, a defense contractor, an aerospace company, a foreign policy organization, non-governmental organizations (NGOs), non-profits, and foreign government and other entities the defendants identified as rivals or adversaries to Iran, with most targets located in the US, Israel, and Saudi Arabia.

US officials said Heidarian and Farhadi focused on gaining access to their victims' accounts, computers, and internal networks, from where they stole confidential data and communications pertaining to topics such as national security, foreign policy, nuclear energy, and aerospace.

Why this matters:

Financial data and personally identifiable information wasn't off-limits, and the two also stole intellectual property, such as unpublished scientific research.

In addition, the two also targeted and stole personal information and communications of Iranian dissidents, human rights activists, and opposition leaders, according to George M. Crouch Jr., Special Agent in Charge of the FBI Newark Division.

Prosecutors believe that some of the stolen data was handed over to Iranian government intelligence officials, but that other information was also sold on black markets for the hackers' personal gains.

Read more: https://www.zdnet.com/article/us-charges-two-iranian-hackers-for-years-long-cyber-espionage-cybercrime-spree/

Alert issued to UK universities and colleges about spike in cyber attacks

British universities and colleges have been warned about a spike in ransomware attacks targeting the education sector by the UK's National Cyber Security Centre (NCSC), a part of GCHQ.

Academic institutions are being urged to follow NCSC guidance following a sharp increase in attacks which have left some teachers fearing they won't be able to accept students when term begins.

Last week staff at Newcastle University warned Sky News they had "no idea how we are going to welcome students in three weeks' time" following one such ransomware attack, which has impacted IT services across the whole university.

Similar attacks in which criminal hackers infiltrated computer networks and stole data before encrypting the machines and demanding a ransom payment to unlock them again, have hit Northumbria University, Bolton Sixth Form College, Leeds City College and others in August alone.

Speaking to Sky News, NCSC's director of operations Paul Chichester said the agency had seen an increase in the "utterly reprehensible" attacks over the past 18 months and was concerned they would disrupt young people's education.

Why this matters:

There are more than a dozen criminal groups which are currently earning millions by encrypting their victim's computer networks and then leaking stolen documents online to pressure the victims into paying up.

Read more: https://news.sky.com/story/alert-issued-to-uk-universities-and-colleges-about-spike-in-cyber-attacks-12073450

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 24 July 2020: Cyber crime up 23% Over Past Year, Nearly 50% of employees have made a serious security mistake at work, 99.9% of Hacked Microsoft Accounts Don’t Use 2FA

Cyber Weekly Flash Briefing 24 July 2020: Cyber crime up 23% Over Past Year, Nearly 50% of employees have made a serious security mistake at work, 99.9% of Hacked Microsoft Accounts Don’t Use 2FA

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.

Cybercrime Jumped 23% Over Past Year, Says ONS

Cybercrime offenses reported by individuals and businesses have risen 23% over the past year, according to the Office for National Statistics (ONS).

The UK government body explained that 26,215 incidents were referred to the National Fraud Intelligence Bureau (NFIB) by Action Fraud in the year ending March 2020.

The year-on-year increase was driven by a large uptick in the two highest-volume “computer misuse” types reported to Action Fraud. “Hacking – social media and email” saw a 55% increase from 12,894 offenses, and “computer viruses/malware” incidents soared by 61% to reach 6745 cases.

The double-digit increase in reported cybercrime came in spite of improvements to “internal case review processes” and an online reporting tool at Action Fraud in October 2018 which meant some offenses previously categorized as computer misuse are now being properly identified as fraud, ONS said.

Why this matters:

Any increase in reported cyber crime is significant, but such a large rise is even more alarming and demonstrates that firms and individuals need to make sure they are treating these threats seriously.

Read more here: https://www.infosecurity-magazine.com/news/cybercrime-jumped-23-over-past-year#disqus_thread

Nearly half of employees have made a serious security mistake at work

Distraction and burnout can lead to serious mistakes when working online

New research from an email security firm has revealed that almost half (43%) of employees in the US and UK have made mistakes at work that have resulted in cyber security repercussions for themselves or their company.

A survey of 2,000 professionals between the ages of 18 and 51 to find out more about why workers make mistakes and how they can be prevented before they end up turning into data breaches.

Of the employees surveyed, a quarter of them confessed to clicking on links in a phishing email at work. The research also found that employees between 31 and 40 years of age were four times more likely than employees over age 51 to click on a phishing email. At the same time, male employees were twice as likely to do so than their female coworkers.

Why does this matter:

Cyber and Information Security is fundamentally a human problem, not an IT problem, and all the IT controls in the world are worth very little if humans bypass them or fail to follow safe working practices. Ensure your users, at all levels, are aware of the role they play in securing your organisation and make sure they receive adequate and suitable training.

https://www.techradar.com/news/nearly-half-of-employees-have-made-a-mistake-that-had-cybersecurity-repercussions

99.9 Percent of Hacked Microsoft Accounts Don’t Use 2FA

Two-factor authentication (2FA) is the single most effective method of preventing unauthorised access to an online account as number from Microsoft prove.

Microsoft tracks over 1 billion active accounts monthly, which is nearly 1/8 of the world’s population. These generate more than 30 billion monthly login events. Every login to a corporate O365 account can generate multiple login entries across multiple apps, as well as additional events for other apps that use O365 for single sign-on.

If that number sounds big, bear in mind that Microsoft stops 300 million fraudulent sign-in attempts every day. Again, that’s not per year or per month, but 300 million per day.

In January 2020, 480,000 Microsoft accounts—0.048 percent of all Microsoft accounts—were compromised by spraying attacks. This is when an attacker runs a common password (like “Spring2020!”) against lists of thousands of accounts, in the hopes that some of those will have used that common password.

Sprays are just one form of attack; hundreds and thousands more were caused by credential stuffing. To perpetuate these, the attacker buys usernames and passwords on the dark web and tries them on other systems.

Then, there’s phishing, which is when an attacker convinces you to log in to a fake website to get your password. These methods are how online accounts are typically “hacked,” in common parlance.

In all, over 1 million Microsoft accounts were breached in January. That’s just over 32,000 compromised accounts per day, which sounds bad until you remember the 300 million fraudulent login attempts stopped per day.

But the most important number of all is that 99.9 percent of all Microsoft account breaches would have been stopped if the accounts had two-factor authentication enabled.

Why this matters:

Two-factor authentication (2FA) is the single most effective method of preventing unauthorised access to online accounts, remediating (or preventing) approximately 95% of attacks. That this simple step, normally available free of charge from online account providers, is so effective means it should be implemented wherever and whenever possible.

Read more here: https://www.howtogeek.com/681419/watch-out-99.9-of-hacked-microsoft-accounts-dont-use-2fa/

Adobe issues emergency fixes for critical vulnerabilities in Photoshop, Bridge, Prelude

Adobe has released an out-of-band emergency security update for Photoshop, Prelude, and Bridge.

On Tuesday, a week after issuing the firm's standard monthly security update, Adobe published security advisories revealing a total of 13 vulnerabilities, 12 of which are deemed critical.

Five vulnerabilities have now been resolved in Photoshop CC 2019 -- versions 20.0.9 and earlier -- and Photoshop 2020 -- versions 21.2 and earlier -- on Windows machines.

All of these vulnerabilities are considered critical, as if exploited, can lead to arbitrary code execution.

Why does this matter:

Vulnerabilities in software are exploited by attackers, patching these vulnerabilities means the vulnerabilities cannot then be exploited. Updates should always be installed as soon as possible to prevent them from being used in attacks.

Read more: https://www.zdnet.com/article/adobe-issues-emergency-fixes-for-vulnerabilities-in-photoshop-prelude/

Blackbaud Hack: Universities lose data to ransomware attack

At least 10 universities in the UK, US and Canada have had data stolen about students and/or alumni after hackers attacked a cloud computing provider.

Human Rights Watch and the children's mental health charity, Young Minds, have also confirmed they were affected.

The hack targeted Blackbaud, one of the world's largest providers of education administration, fundraising, and financial management software.

The US-based company's systems were hacked in May and it has been criticised for not disclosing this externally until July and for having paid the hackers an undisclosed ransom.

In some cases, the data was limited to that of former students, who had been asked to financially support the establishments they had graduated from. But in others it extended to staff, existing students and other supporters.

The institutions the BBC has confirmed have been affected are:

·         University of York

·         Oxford Brookes University

·         Loughborough University

·         University of Leeds

·         University of London

·         University of Reading

·         University College, Oxford

·         Ambrose University in Alberta, Canada

·         Human Rights Watch

·         Young Minds

·         Rhode Island School of Design in the US

·         University of Exeter

In some cases, the stolen data included phone numbers, donation history and events attended. Credit card and other payment details do not appear to have been exposed.

Why does this matter:

Every entity, business, organisation and individual is at risk from ransomware, the bigger the organisation the more point of entries exist but this does not mean this is not a major threat to smaller businesses too. Nearly all these attacks stem from a user clicking on a link in a phishing email so make sure your staff are adept at spotting phishing emails.

https://www.bbc.co.uk/news/technology-53516413

Amazon Prime phishing scam returns - here's all you need to know

Shoppers warned of phone and email attacks against Amazon Prime users

Shoppers using Amazon Prime have been warned about a major phishing scam which appears to have resurfaced across the country

The scammers target victims via an automated telephone call claiming that they have opened an Amazon Prime account and that they should "press one" to cancel the transaction.

Doing so will connect the call to a fraudster posing as an Amazon customer service representative who then informs the recipient of the call that their subscription was purchased fraudulently due to a supposed "security flaw" on the targeted person's computer. The bogus Amazon representative then asks for remote access to the recipient's computer, supposedly to fix the security breach. Remote access gives control access allowing the scammers to steal personal information, including passwords and banking information.

There is also an email version of the same scam.

The email version of this scam sees the victim receiving a message stating they have started an Amazon Music subscription charged at £28.99 per month. The email then asks the recipient to click a link if they want to cancel the subscription and receive a refund - but the page they are taken to in order to input their card details and receive the refund will instead send their details to fraudsters.

Why does this matter:

Scammers only need a small number of people they target to fall for the scam for it to be profitable for them, so unfortunately these types of scams are not going to go away any time soon. Make sure you keep up to date with the latest and emerging scams and make sure relatives who might fall victim to these scams are also aware that these types of attacks are happening all the time so to exercise caution if they receive calls or emails of this nature.

Read more here: https://www.techradar.com/uk/news/amazon-prime-phishing-scam-returns-heres-all-you-need-to-know

Phishing attacks concealed in Google Cloud Services

Cyber criminals are increasingly concealing phishing efforts behind legitimate resources.

A lie is best concealed between two truths, an old saying goes, and it seems hackers are using this wisdom to better hide their phishing efforts.

Cyber security researchers are warning of a phishing campaign that utilises Google Cloud Services and offers legitimate PDF whitepapers to victims that give away their login credentials.

According to the researchers, it all starts with a PDF document uploaded to Google Drive, containing a link to a phishing page. The landing page requires the user to log in with their Office 365 or organisation email.

After the victim gives away their login credentials, they are redirected to a genuine PDF report published by a “renowned global consulting firm.”

Why does this matter:

Since the phishing page is hosted on Google Cloud Storage, the user might not become suspicious. Hackers are swarming around the cloud storage services that we rely on and trust, making it much tougher to identify actual phishing attacks. Traditional red flags of a phishing attack, such as look-alike domains or websites without certificates, won’t help us much as we enter a potential cyber pandemic. Users of Google Cloud Platform, even AWS and Azure users, should all beware of this fast-growing trend and learn how to protect themselves. It starts by thinking twice about the files you receive from senders.

Read more here: https://www.itproportal.com/news/phishing-attacks-concealed-in-google-cloud-services/

Analysts Detect New Banking Malware

A new strain of banking malware dubbed BlackRock has been detected by researchers

An investigation into its origins has revealed BlackRock to be derived from the Xerxes banking malware. Xerxes was in turn spawned out of the LokiBot Android banking Trojan, first detected around four years ago.

The source code of the Xerxes malware was made public by its author around May 2019, making it possible for any threat actor to get their hands on it. Despite the code's availability, researchers found that the only Android banking Trojan based on Xerxes' source code that is currently operating appears to be BlackRock.

Why this matters:

This malevolent malware steals credentials not only from banking apps but also from other apps designed to facilitate communication, shopping and business. In total, the researchers found 337 Android apps were impacted, including dating, social networking and cryptocurrency apps.

Read more here: https://www.infosecurity-magazine.com/news/analysts-detect-new-banking/#disqus_thread

Hackers wipe out more than 1,000 databases, leaving only the word 'meow'

Over 1000 unsecured databases have been permanently deleted, leaving only the word “meow” behind.

The attack saw a database that had details of the UFO VPN. UFO VPN, and other products from seemingly the same company, had recently been in the news for exposing user information.

Information exposed include unencrypted account passwords, location information, and IP addresses of user devices and VPN servers.

The VPN, and others like it, claimed that it was not logging user details. Reports alleged that this was not the case.

The attack seems to have come from a bot, according to Forbes, as the attack script overwrites database indexes with random numerical strings and the word ‘Meow’.

Why does this matter:

Unsecured databases are wide open to attackers and not only can the contents be read and information gleaned used in other attacks they can also, as was the case in this attack, be deleted, losing all data.

https://www.independent.co.uk/life-style/gadgets-and-tech/news/database-hack-meow-attack-security-ufo-vpn-a9634906.html

Is your smart home hosting malware attacks?

It’s not only computers that can be compromised by hackers, almost any electronic device can be compromised – including your smart home gadgets.

Researchers have discovered a new family of malware called Mozi that has been quickly spreading online since last year and appears to have been designed specifically to attack low-power smart devices. Once installed, the malware tries to make contact with other infected devices, adding itself to a botnet (a collection of other compromised devices).

Infected device continues to operate normally however the devices constantly ‘listening’ for instructions from the botnet. The botnet has been designed to launch Distributed Denial of Service attacks (DDoS) that can be used to attack and crash online services and websites. Once activated, your infected devices will be used by hackers to participate in large DDoS attacks.

Some variants can also steal data, or execute additional code, allowing hackers to gain control of your network.

As the malware evolves, the list of affected devices will undoubtedly grow.

Why does this matter:

Almost any electronic device can be compromised to serve malware, be co-opted into taking part in distributed denial of service attacks or otherwise be exploited or used as a point of entry into a network. As more and more of these devices appear in our homes and offices many people do not realise they are significantly increasing their potential attack surface.

Read more: https://www.pandasecurity.com/mediacenter/mobile-news/smart-home-hosting-malware/

Russian cyber attacks an 'urgent threat' to national security

Russia's cyber attack capabilities -- and its willingness to use them -- pose an "immediate and urgent threat" to the UK's national security, according to a report from a committee of MPs.

The long- delayed Russia report from the UK parliament's Intelligence and Security Committee (ISC) describes how it sees Russia's abilities to use malicious cyber activities to further its aims.

"Russia's cyber capability, when combined with its willingness to deploy it in a malicious capacity, is a matter of grave concern, and poses an immediate and urgent threat to our national security," the report said.

Why does this matter:

Given the immediate threat that Russia poses to UK national security, it is concerning that there is no clear coordination of the numerous organisations across the UK intelligence community working on this issue. The risks posed by Russia, and other nation states such as China, Iran and North Korea should not be understated or ignored.

Read more here: https://www.zdnet.com/article/russian-cyberattacks-an-urgent-threat-to-national-security/

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.

Read More