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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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Black Arrow Cyber Threat Briefing 30 July 2021

Black Arrow Cyber Threat Briefing 30 July 2021: Many Workers Ignore Security Risks To Maximize Productivity; Financial Services Accounting For Nearly 40% Of All Phishing URLs; Half Of Organisations Are Ineffective At Countering Phishing And Ransomware Threats; 36% Of Organisations Suffered A Serious Cloud Security Data Leak Or A Breach In The Past Year; HP Finds 75% Of Threats Were Delivered By Email In First Six Months Of 2021

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

Top Cyber Stories of the Last Week


Many Workers Ignore Security Risks To Maximize Productivity

A large proportion of employees often take shortcuts to optimize productivity at work, despite understanding the security risks, new data suggests. According to a survey which polled 8,000 workers worldwide, almost four in five (79%) have engaged in one or more “risky activity” in the past twelve months. In a third of cases (35%), this involved saving passwords to their browser. A similar percentage admitted to using a single password across multiple online accounts, while 23% connected personal devices to corporate networks.

https://www.itproportal.com/news/many-workers-ignore-security-risks-to-maximize-productivity/

Financial Services Accounting For Nearly 40% Of All Phishing URLs

A report was released for H1 2021, which revealed that there has been a major jump in phishing attacks since the start of the year with a 281 percent spike in May and another 284 percent increase in June, for a total of 4.2 billion phishing emails detected for June alone. For this 6-month window researchers identified Crédit Agricole as the most impersonated brand, with 17,555 unique phishing URLs, followed by Facebook, with 17,338, and Microsoft, with 12,777.

https://www.helpnetsecurity.com/2021/07/22/financial-services-phishing/

Half Of Organisations Are Ineffective At Countering Phishing And Ransomware Threats

Half of organisations are not effective at countering phishing and ransomware threats. The findings come from a study compiled from interviews with 130 cyber security professionals in mid-sized and large organisations. “Phishing and ransomware were already critical enterprise security risks even before the pandemic hit and, as this report shows, the advent of mass remote working has increased the pressure of these threats,”. “Organisations need multi-layered defences in place to mitigate these risks.”

https://www.helpnetsecurity.com/2021/07/19/countering-phishing-and-ransomware/

36% Of Organisations Suffered A Serious Cloud Security Data Leak Or A Breach In The Past Year

As cloud adoption accelerates and the scale of cloud environments grows, engineering and security teams say that risks—and the costs of addressing them—are increasing. The findings are part of the State of Cloud Security 2021 survey. The survey of 300 cloud pros (including cloud engineers; security engineers; DevOps; architects) found that 36% of organisations suffered a serious cloud security data leak or a breach in the past 12 months, and eight out of ten are worried that they’re vulnerable to a major data breach related to cloud misconfiguration. 64% say the problem will get worse or remain unchanged over the next year.

https://www.helpnetsecurity.com/2021/07/27/cloud-security-data-leak/

HP Finds 75% Of Threats Were Delivered By Email In First Six Months Of 2021

According to the latest HP Report, email is still the most popular way for malware and other threats to be delivered, with more than 75% of threats being sent through email messages.  The report -- covering the first half of 2021 -- is compiled based on customers who opt to share their threat alerts with the company. HP's researchers found that there has been a 65% rise in the use of hacking tools downloaded from underground forums and filesharing websites from H2 2020 to H1 2021. Some of the tools can solve CAPTCHA challenges using computer vision techniques.

https://www.zdnet.com/article/hp-finds-75-of-threats-were-delivered-by-email-in-first-six-months-of-2021/

Data Breach Costs Hit Record High Due To Pandemic

Data breaches have always proved costly for victimized organisations. But the coronavirus pandemic made a bad situation even worse. A report released Wednesday looks at how and why the average cost of dealing with a data breach has jumped to a new high. The average cost of a data breach among companies surveyed reached $4.24 million per incident, the highest in 17 years.

https://www.techrepublic.com/article/data-breach-costs-hit-record-high-due-to-pandemic/

Top 30 Critical Security Vulnerabilities Most Exploited By Hackers

Intelligence agencies in Australia, the U.K., and the U.S. issued a joint advisory on Wednesday detailing the most exploited vulnerabilities in 2020 and 2021, once again demonstrating how threat actors can swiftly weaponize publicly disclosed flaws to their advantage. The top 30 vulnerabilities span a wide range of software, including remote work, virtual private networks (VPNs), and cloud-based technologies, that cover a broad spectrum of products from Microsoft, VMware, Pulse Secure, Fortinet, Accellion, Citrix, F5 Big IP, Atlassian, and Drupal.

https://thehackernews.com/2021/07/top-30-critical-security.html

Average Time To Fix High Severity Vulnerabilities Grows From 197 Days To 246 Days In 6 Months: Report

A recent report has found that the remediation rate for severe vulnerabilities is on the decline, while the average time to fix is on the rise. The report, which is compiled monthly, covers window of exposure, vulnerability by class and time to fix. The latest report found that the window of exposure for applications has increased over the last six months while the top-5 vulnerability classes by prevalence remain constant, which the researchers behind the report said was a "systematic failure to address these well-known vulnerabilities." According to researchers, the time to fix vulnerabilities has dropped 3 days, from 205 days to 202 days. The average time to fix is 202 days, the report found, representing an increase from 197 days at the beginning of the year. The average time to fix for high vulnerabilities grew from 194 days at the beginning of the year to 246 days at the end of June.

https://www.zdnet.com/article/average-time-to-fix-high-vulnerabilities-grows-from-197-days-to-246-days-in-6-months-report/

Why Remote Working Leaves Us Vulnerable To Cyber Attacks

An industry survey found 56% of senior IT technicians believe their employees have picked up bad cyber security habits while working from home. For Example. A cyber-crime group known as REvil took meticulous care when picking the timing for its most recent attack - US Independence Day, 4 July. They knew many IT specialists and cyber-security experts would be on leave, enjoying a long weekend off work. Before long, more than 1,000 companies in the US, and at least 17 other countries, were under attack from hackers. Many firms were forced into a costly downtime period as a result. Among those targeted during the incident was a well-known software provider, Kaseya. REvil used Kaseya as a conduit to spread its ransomware - a malware that can scramble and steal an organisation's computer data - through other corporate and cloud-based networks that use the software.

https://www.bbc.co.uk/news/business-57847652

Stop Mitigating Cyber Security Threats And Start Preventing Them

The impacts of a successful cyber attack can be devastating. Through multiple forms of extortion, criminals can use stolen data and other business-critical assets, including sensitive financial and customer data to hold companies hostage with just one campaign. The average cost of a phishing attack last year was $832,500, with zero-day attacks costing around $1,238,000. Spending this amount of money to recover from a cyber attack could bring a company to its knees. Today’s cyber attacks present very real existential threats to businesses and C-level executives are beginning to fully realize the gravity of these threats. It is critical that organizations invest in solutions that are going to help stop these attackers before they enter their environments.

https://www.itproportal.com/features/stop-mitigating-cybersecurity-threats-and-start-preventing-them/


Threats

Ransomware

Social Engineering

Malware

Mobile

Vulnerabilities

Data Breaches

Organised Crime & Criminal Actors

Dark Web

Supply Chain

DoS/DDoS

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.

Read More