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Black Arrow Cyber Advisory 15 March 2023 – Microsoft Releases Patch for Critical Outlook/365 Vulnerability Under Active Exploitation

Black Arrow Cyber Advisory 15 March 2023 – Microsoft Releases Patch for Critical Outlook/365 Vulnerability Under Active Exploitation

Executive Summary

This week Microsoft released a patch for a critical actively exploited privilege escalation vulnerability in Microsoft Outlook. The vulnerability is tracked as CVE-2023-23397.

What’s the risk to me or my business?

Successful exploitation of the vulnerabilities could allow an attacker to gain authentication details from a targeted machine. These details can then be relayed to other systems or brute-forced offline, leading to compromise of the account.

Technical Summary:

The vulnerability allows an attacker to craft malicious emails which force a target device to connect to a remote UNC of the attackers choice. A UNC is a path that can be used to access network resources. Upon connection, the Net-NTLMv2 hash, which is a hash of the victim’s password is leaked to the attacker. The attacker can then relay this hash to authenticate as the victim on other services or decode the hash offline. At no point does the email need to be previewed or opened, it is triggered as soon as it is received and processed by the email server.

What can I do?

It is recommended that organisations apply the latest patches as soon as possible as this vulnerability is recorded as actively exploited. In their analysis, Microsoft recorded that this vulnerability was exploited by Strontium, a state-sponsored Russian hacking group. Organisations using strictly off-premises solutions are not impacted.

Further information on CVE-2023-23397 can be found here: https://msrc.microsoft.com/update-guide/vulnerability/CVE-2023-23397  

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

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Black Arrow Cyber Threat Briefing 10 March 2023

Black Arrow Cyber Threat Briefing 10 March 2023:

-Business Email Compromise Attacks Can Take Just Hours

-Research Reveals ‘Password’ is Still the Most Common Term used by Hackers to Breach Enterprise Networks

-Just 10% of Firms Can Resolve Cloud Threats in an Hour

-MSPs in the Crosshair of Ransomware Gangs

-Stolen Credentials Increasingly Empower the Cyber Crime Underground

-It’s Time to Assess the Potential Dangers of an Increasingly Connected World

-Mounting Cyber Threats Mean Financial Firms Urgently Need Better Safeguards

-Developers Leaked 10m Credentials Including Passwords in 2022

-Cyber Threat Detections Surges 55% In 2022

-European Central Bank Tells Banks to Run Cyber Stress Tests after Rise in Hacker Attacks

-Employees Are Feeding Sensitive Business Data to ChatGPT

-Is Ransomware Declining? Not So Fast Experts Say

-Preventing Corporate Data Breaches Starts With Remembering That Leaks Have Real Victims

-Faced With Likelihood of Ransomware Attacks, Businesses Still Choosing to Pay Up

-Experts See Growing Need for Cyber Security Workers as One in Six Jobs go Unfilled

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

Top Cyber Stories of the Last Week

Business Email Compromise Attacks Can Take Just Hours

Microsoft’s security intelligence team found that Business Email Compromise (BEC) attacks are moving rapidly, with some taking mere minutes. Microsoft found the whole process, from signing in using compromised credentials to registering typo squatting domains and hijacking an email thread, took threat actors only a couple of hours. Such a rapid attack leaves minimal time for organisations to identify and take preventative action. This is worrying when considering the cost of BEC is predicted to more than tens of billions.

https://www.bleepingcomputer.com/news/security/microsoft-business-email-compromise-attacks-can-take-just-hours/

Research Reveals ‘Password’ is Still the Most Common Term used by Hackers to Breach Enterprise Networks

In a report of over 800 million breached passwords, vendor Specops identified some worrying results. Some of the key findings from the report include 88% of passwords used in successful attacks consisting of 12 characters or less and the most common base terms used in passwords involving ‘password’, ‘admin’, ‘welcome’ and ‘p@ssw0rd’. The report found that 83% of the compromised passwords satisfied both the length and complexity requirements of cyber security compliance standards such as NIST, GDPR, HIPAA and Cyber Essentials.

https://www.itsecurityguru.org/2023/03/08/research-reveals-password-still-the-most-common-term-used-by-hackers-to-breach-enterprise-networks/

Just 10% of Firms Can Resolve Cloud Threats in an Hour

Two-thirds (39%) of global organisations reported a surge in breaches over the past year, with IT complexity increasing and detection and response capabilities worsening, according to Palo Alto Networks. It found that as enterprises move more of their data and workloads to the cloud, they’re finding it increasingly difficult to discover and remediate incidents quickly. Over two-fifths (42%) reported an increase in mean time to remediate, while 90% said they are unable to detect, contain and resolve cyber-threats within an hour. Nearly a third (30%) reported a major increase in intrusion attempts and unplanned downtime. Part of the challenge appears to be the complexity of their cloud security environments – partly caused by tool bloat.

https://www.infosecurity-magazine.com/news/10-firms-resolve-cloud-threats-hour/

MSPs in the Crosshairs of Ransomware Gangs

Many attacks have heightened attention around third-party risk and the security obligations of MSPs in meeting multiple customers’ IT needs. Attacks such as the ones on RackSpace and LastPass show that some ransomware actors are now intentionally targeting MSPs to access sensitive customer data. It is now believed that some advanced persistent threat (APT) groups could be stepping up their attacks on MSP’s in order to gain sensitive customer data.

https://www.msspalert.com/cybersecurity-research/msps-in-the-crosshairs-of-ransomware-gangs/

Stolen Credentials Increasingly Empower the Cyber Crime Underground

Threat Intelligence provider Flashpoint found that last year threat actors exposed or stole 22.62 billion credentials and personal records, which often make their way to underground forums and cyber criminal markets. This follows a significant increase in market activity; just last year Flashpoint recorded 190 new illicit markets emerge and the continual rise in attacks focused on stealing credentials only further empowers cyber crime underground.

https://www.csoonline.com/article/3690409/stolen-credentials-increasingly-empower-the-cybercrime-underground.html#tk.rss_news

It’s Time to Assess the Potential Dangers of an Increasingly Connected World

As global conflicts continue, cyber has become the fifth front of warfare. The world is approaching 50 billion connected devices, controlling everything from our traffic lights to our nuclear arsenal and we have already seen large-scale cyber attacks. Adding to this, a multitude of infrastructure runs on services ran by a handful of companies; Palo Alto Networks, Cisco and Fortinet control more than 50% of the market for security appliances. As such, an attack on one of these companies could cause a huge ripple effect on their customers.

https://www.darkreading.com/risk/it-s-time-to-assess-the-potential-dangers-of-an-increasingly-connected-world-

Mounting Cyber Threats Mean Financial Firms Urgently Need Better Safeguards

According to the International Monetary Fund (IMF) 64% of banks and supervisory authorities do not mandate testing and exercising cyber security and 54% lack dedicated a cyber incident reporting regime. This increases the risk of experiencing a cyber attack. Regularly testing and exercising security will aid any organisation in its cyber resilience.

https://www.imf.org/en/Blogs/Articles/2023/03/02/mounting-cyber-threats-mean-financial-firms-urgently-need-better-safeguards

Insider Threat: Developers Leaked 10m Credentials Including Passwords in 2022

Security provider GitGuardian found that the rate at which developers leaked critical software secrets jumped by 0.5 to reach 5.5 out of every 1,000 commits to GitHub repositories; overall, this amounted to at least 10 million instances of secrets leaking to a public repository. Generic passwords accounted for the majority of leaked secrets (56%) and more than a third (38%) of leaks involved API keys, random number generator seeds and other sensitive strings. These leaks can have worrying consequences for organisations.

https://www.darkreading.com/application-security/inside-threat-developers-leaked-10m-credentials-passwords-2022

Cyber Threat Detections Surges 55% In 2022

Security Provider Trend Micro has said that it stopped 146 billion cyber threats in 2022, a 55% increase on the previous year and evidence of the increase of attacks ramping up. Trend Micro also found a 242% increase in the number of blocked malicious files and an 86% increase in backdoor malware detections with the latter showing an increase in attackers gaining initial access. Furthermore, the number of critical vulnerabilities in 2022 doubled compared to the previous year. Trend Micro noted that this is all likely due to an ever expanding attack surface of organisations.

https://www.infosecurity-magazine.com/news/cyberthreat-detections-surge-55/

European Central Bank Tells Banks to Run Cyber Stress Tests after Rise in Hacker Attacks

The European Central Bank (ECB) will ask all major lenders in the Eurozone to detail by next year, how they would respond to and recover from a successful cyber attack. The ECB is in the process of designing a scenario involving a theoretical breach of the financial system’s cyber defences, which will be sent to all of the 111 banks it assesses to see how they would react. The stress test stems from the increasing amount of cyber attacks. If cyber has shown us anything, it’s that anyone can be a target and performing a stress test would help any organisation prepare for the worst.

https://www.ft.com/content/f03d68a4-fdb9-4312-bda3-3157d369a4a6

Employees Are Feeding Sensitive Business Data to ChatGPT

1 in 20 employees have put sensitive corporate data into popular AI tool ChatGPT, raising concerns that this could result in massive leaks of proprietary information. In some cases, this has involved employees cutting and pasting strategic documents and asking ChatGPT to make a PowerPoint.

https://www.darkreading.com/risk/employees-feeding-sensitive-business-data-chatgpt-raising-security-fears

Is Ransomware Declining? Not So Fast Experts Say

Security provider CrowdStrike have explained that the perceived decline in ransomware reflects the abilities of threat actors to adapt, splinter and regroup against defensive measures. CrowdStrike expand on this, stating that whilst ransom payments dipped slightly in 2022, there was an uprise in data extortion and ransomware as a service (RaaS).

https://www.techtarget.com/searchsecurity/news/365532201/Is-ransomware-declining-Not-so-fast-experts-say

Preventing Corporate Data Breaches Starts with Remembering that Leaks have Real Victims

The impact a data breach can have on an individual is devastating and ultimately there’s not much an individual can do themselves if the organisation that holds their data isn’t taking the right steps. To best protect themselves and their clients’ data, organisations should look to have appropriate defence in depth controls, including effective asset management, an open security culture, close monitoring of access, utilising strong authentication and maintaining an awareness of the ever changing threat landscape.

https://www.helpnetsecurity.com/2023/03/07/preventing-corporate-data-breaches/

Faced With Likelihood of Ransomware Attacks, Businesses Still Choosing to Pay Up

In a recent report Proofpoint found that globally 76% of organisations experienced ransomware attempts, with 64% eventually infected. Amongst those that had a cyber insurance policy, 82% of insurers stepped up to pay the ransom either in full or partially. The report found that with the rise in number and sophistication of attacks it is more important than ever for proper security training and awareness in organisations.

https://www.zdnet.com/article/faced-with-likelihood-of-ransomware-attacks-businesses-still-choosing-to-pay-up/

Experts See Growing Need for Cyber Security Workers as One in Six Jobs go Unfilled

A report by the Information and Communications Technology Council (ICTC) found that 1 in 6 cyber security jobs are unfulfilled and this is only expected to grow in the coming years. The ICTC stated that “This is not just about education or government funding, but about companies willing to provide hands-on training and experience to the next generation of cyber security experts”.

https://www.theglobeandmail.com/business/careers/article-experts-see-growing-need-for-cybersecurity-workers-as-one-in-six-jobs/


Threats

Ransomware, Extortion and Destructive Attacks

Phishing & Email Based Attacks

BEC – Business Email Compromise

Other Social Engineering; Smishing, Vishing, etc

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

Fraud, Scams & Financial Crime

Deepfakes

Insurance

Dark Web

Supply Chain and Third Parties

Software Supply Chain

Cloud/SaaS

Attack Surface Management

Asset Management

Encryption

API

Open Source

Passwords, Credential Stuffing & Brute Force Attacks

Social Media

Training, Education and Awareness

Regulations, Fines and Legislation

Governance, Risk and Compliance

Models, Frameworks and Standards

Data Protection

Careers, Working in Cyber and Information Security

Law Enforcement Action and Take Downs

Privacy, Surveillance and Mass Monitoring

Artificial Intelligence

Misinformation, Disinformation and Propaganda


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

Nation State Actors


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 Advisory 10 March 2023 – Fortinet, Cisco and Veeam Vulnerabilities Roundup

Black Arrow Cyber Advisory 10 March 2023 – Fortinet, Cisco and Veeam Vulnerabilities Roundup

Executive Summary

Fortinet have disclosed 15 security issues across a range of products including 5 “high” rated vulnerabilities and a “critical” vulnerability that allows an unauthenticated attacker to perform denial of service attacks or execute arbitrary code. Cisco has identified a “high vulnerability” with IOS XR software for the ASR 9000 Series routers. Veeam have disclosed a “high vulnerability” that allows an unauthenticated attacker to request encrypted credentials which may lead to gaining access to the backup infrastructure host.

What’s the risk to me or my business?

Successful exploitation of the Cisco vulnerability tracked as CVE-2023-20049 allows the attacker to cause line card exceptions or hard rests which can lead to traffic loss and denial of service conditions.

The following models are vulnerable if they have Bidirectional forwarding detection (BFD) hardware offload enabled.

  • ASR 9000 Series Aggregation Services Routers only if they have a Lightspeed or Lightspeed-Plus-based line card installed.

  • ASR 9902 Compact High-Performance Routers

  • ASR 9903 Compact High-Performance Routers

A successful exploitation of the Critical Fortinet vulnerability tracked as CVE-2023-25610 allows an unauthenticated attacker to execute arbitrary code or perform denial of service (DoS) conditions in an administrative interface.

The following devices are vulnerable to both the RCE and DoS:

  • FortiOS version 7.2.0 through 7.2.3

  • FortiOS version 7.0.0 through 7.0.9

  • FortiOS version 6.4.0 through 6.4.11

  • FortiOS version 6.2.0 through 6.2.12

  • FortiOS 6.0 all versions

  • FortiProxy version 7.2.0 through 7.2.2

  • FortiProxy version 7.0.0 through 7.0.8

  • FortiProxy version 2.0.0 through 2.0.12

  • FortiProxy 1.2 all versions

  • FortiProxy 1.1 all versions

A full list of vulnerable hardware devices that are impacted by the Denial of Service can be found on the FortiGuard website.

A successful exploitation of the high Veeam vulnerability tracked as CVE-2023-27532 can allow an unauthenticated attacker to request encrypted credentials which may lead to the attacker gaining access to the backup infrastructure of the host.

This vulnerability affects all Veeam Backups and Replication versions but is resolved in the following:

  • 12 (build 12.0.0.1420 P20230223)

  • 11a (build 11.0.1.1261 P20230227)

What can I do?

Cisco has released software updates that address the vulnerability and should be installed. Alternatively, a workaround has been provided which is to disable all bfd hardware offload features, which can be done by removing all hw-module bfw-hw-offload enable commands and resetting the card.

Fortinet has provided solutions to each of the vulnerabilities it has disclosed, and it is recommended that the patches released for the vulnerabilities are installed.

Veeam has released a patch and should be installed, however they suggest that if you are using an earlier version to upgrade to the current supported version first. Alternatively, if you are using an all-in-one Veeam appliance with no backup infrastructure components, external connections to Port TCP 9401 should be filtered until the patch is installed.

Further information on the vulnerabilities be found here:

Cisco IOS XR software update - https://sec.cloudapps.cisco.com/security/center/resources/security_vulnerability_policy.html#ssu

Cisco IOS XR Software Security Advisory-https://sec.cloudapps.cisco.com/security/center/content/CiscoSecurityAdvisory/cisco-sa-bfd-XmRescbT

Fortinet CVE-2023-25610 advisory and solution - https://www.fortiguard.com/psirt/FG-IR-23-001

Fortiguard vulnerability advisory- https://www.fortiguard.com/psirt-monthly-advisory/march-2023-vulnerability-advisories

Veeam advisory - https://www.veeam.com/kb4424

Veeam Solution - https://www.veeam.com/product-lifecycle.html?ad=in-text-link

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

#threatadvisory #threatintelligence #cybersecurity

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Black Arrow Cyber Advisory 09 March 2023 – Security Flaws in TPM 2.0 Pose Significant Risk

Black Arrow Cyber Advisory 08 March 2023 – Security Flaws in TPM 2.0 Pose Significant Risk

Executive Summary

Security Researchers at Quarkslab have identified two critical vulnerabilities (CVE-2023-1017 and CVE-2023-1018) in The Trusted Platform Module (TPM) firmware; TPMs are used by most modern PCs to make them resistant to tampering and the vulnerabilities could affect billions of devices.

What’s the risk to my business?

Successful exploitation of the vulnerabilities could lead to local information disclosure, including the ability for attackers to make the TPM unavailable leading to denial of service, read sensitive data or escalate privileges. In some cases, an attacker can overwrite protected data in the TPM and go undetected. To be able to exploit the vulnerabilities the attacker would require access to a TPM-command interface to send maliciously crafted-commands to a vulnerable TPM.

What can I do?

The Trusted Computing Group (TCG) have released an updated version of their TPM2.0 library specification: TPM 2.0 library Specifications v1.59 Errata Version 1.4. Once this update has been incorporated within Operating System and Original Equipment Manufacturer (OEM) firmware, it is recommended this updated version is installed. For the meantime, remote attestation may help identify it any changes have been made to the TPM.

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

#threatadvisory #threatintelligence #cybersecurity

Documentation for the upgrade can be found here: https://trustedcomputinggroup.org/wp-content/uploads/TPM-2.0-Library-Spec-v1.59-Errata-v1.4_pub.pdf

An Advisory from the Trusted Computer Group can be found here: https://trustedcomputinggroup.org/wp-content/uploads/TCGVRT0007-Advisory-FINAL.pdf

CVE-2023-1017 can be found here: https://nvd.nist.gov/vuln/detail/CVE-2023-1017

CVE-2023-1018 can be found here: https://nvd.nist.gov/vuln/detail/CVE-2023-1018

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Black Arrow Cyber Alert 07 March 2023 – ACTION REQUIRED: New Hiatus Hacking Campaign Targets DrayTek Routers to Spy on Businesses

Black Arrow Cyber Alert 07 March 2023 – ACTION REQUIRED: New Hiatus Hacking Campaign Targets DrayTek Routers to Spy on Businesses

Executive Summary

An ongoing hacking campaign known as “Hiatus” is targeting DrayTek Vigour router models 2960 and 3900 to monitor and steal data from businesses.

What’s the risk to my business?

If exploited successfully, the attacker is able to remotely execute commands on the router, and monitor and control traffic that passes through the router including file-transfer and email communications.

Technical Summary:

Research by Black Lotus Labs has found the campaign involves following:

  • A Bash script to deploy two executables to the targetdevice, post-exploitation. These are:

    • HIATUS Remote Access Trojan

    • A variant of ‘tcpdump’ that enables packet capture

Once this script has been executed the ‘HiatusRAT’ and ‘tcpdump’ variant are downloaded to a directory created by the script located at ‘/database/.updata’ and are then executed. The malware will listen on TCP port 8816 and if this port is already in use, the process on that port is terminated  so that the malware can use it instead. Once the malware has been sucessfully enabled on this port, a second process collects information about the victim device and sends it to a Command and Control (C2) server operated by the attacker (104.250.58.192); an additional C2 server (46.8.113.227) is also used by the attacker to receive information captured by the packet-capture tool . The packet capture tool observes ports associated with mail server and FTP connections, this include TCP ports 21, 25, 110, 143.

What can I do?

It is not currently known how the DrayTek routers have been initially compromised and Draytek have not yet released a security update to resolve any associated known vulnerability. The following actions can be taken to help mitigate and identify if a device has been impacted:

  • Prevent outbound network traffic on TCP port 8816, to disable the malware’s outbound communication.

  • Block network traffic to or from the following IP addresses: 104.250.58.192 and 46.8.113.227

  • Check the following location on vulnerable devices for any files in that location, as this would be an indicator of compromise (IoC): ‘database’ and ‘/database/.updata’

  • Configure continuous security monitoring to detect anomalous activity that may be indicative of a compromise.

Further indicators of compromise can be found here: https://github.com/blacklotuslabs/IOCs/blob/main/Hiatus_IoCs.txt

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

#threatadvisory #threatintelligence #cybersecurity

A link to the report from Black Lotus Labs can be found here: https://blog.lumen.com/new-hiatusrat-router-malware-covertly-spies-on-victims/?utm_source=press+release&utm_medium=referral

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Black Arrow Cyber Alert 07 March 2023 – Black Lotus UEFI Bootkit Malware Bypasses Secure Boot

Black Arrow Cyber Alert 07 March 2023 – Black Lotus UEFI Bootkit Malware Bypasses Secure Boot

Executive Summary

A new UEFI bootkit called BlackLotus (not to be confused with Black Lotus Labs) has become the first publicly known malware with the capability of bypassing secure boot defences, rendering it a serious threat. A bootkit is a malicious program designed to load as early as possible during the boot process, before other security components are loaded and BlackLotus does this by targeting the UEFI which is low level firmware, responsible for booting up most modern computers.

What’s the risk to my business?

Successful exploitation allows an attacker to effectively control the computer and allow them to remotely execute code and gain the highest level of privilege. Successful exploitation requires the attacker to either have remote privileged access, or physical access to the target computer.

Technical Summary

The bootkit exploits CVE-2022-21894, which is a Secure Boot vulnerability. Although patched by Microsoft in January, the vulnerable signed binaries are not on the UEFI revocation list which flags boot files that should not be trusted and as such the malware can run on “patched” systems. Once the bootkit has run successfully, it is engineered to communicate with a command-and-control server, allowing the bootkit to retrieve additional user-mode or kernel-mode malware.

What can I do?

There is currently no known patch and the bootkit can run even on fully patched Windows 11 systems which have Secure Boot enabled. Security controls to mitigate this vulnerability from being exploited should focus on preventing an attacker from obtaining remote privileged access to the device through secure identity and access management, or to prevent unauthorised individuals from having physical access to the device. Black Arrow will continue to monitor the situation, and this alert will be updated when more information is made available.

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

#threatadvisory #threatintelligence #cybersecurity

Research on BlackLotus malware can be found here: https://www.welivesecurity.com/2023/03/01/blacklotus-uefi-bootkit-myth-confirmed/

Details for CVE-2023-21716 can be found here: https://msrc.microsoft.com/update-guide/en-US/vulnerability/CVE-2023-21716

 

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Black Arrow Cyber Advisory 07 March 2023 – Microsoft Word Proof of Concept Exploit Released for Recently Patched RCE Vulnerability

Black Arrow Cyber Advisory 07 March 2023 – Microsoft Word Proof of Concept Exploit Released for Recently Patched RCE Vulnerability

Executive Summary

CVE-2023-21716 is a Microsoft Word critical remote code execution vulnerability discovered last year, which has been patched in Microsoft’s February patch Tuesday. Security Researcher Joshua Drake has released a Proof of Concept (PoC) for the vulnerability and it’s so small it can fit in a tweet. The PoC requires the victim to simply just preview or open a malicious file, which could arrive in a multitude of ways, such as an email.

What’s the risk to my business?

Successful exploitation allows an attacker to remotely execute code, impacting the confidentiality, integrity and availability of the data held by an organisation.

What can I do?

The vulnerability was patched as part of Microsoft’s February patch Tuesday, so only unpatched versions of Microsoft Office Word remain vulnerable. It is therefore recommended to apply the patches if not done so already. Additionally, the impact can be mitigated by enabling protected view in Microsoft Office Word, which is enabled by default. Protected view is a read-only mode where most editing functions are disabled.

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

#threatadvisory #threatintelligence #cybersecurity

The proof of concept can be found here: https://qoop.org/publications/cve-2023-21716-rtf-fonttbl.md

Details for CVE-2023-21716 can be found here: https://msrc.microsoft.com/update-guide/en-US/vulnerability/CVE-2023-21716

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Black Arrow Cyber Threat Briefing 03 March 2023

Black Arrow Cyber Briefing 03 March 2023:

-It’s Time to Evaluate Your Security Education Plan Amongst the Rise in Social Engineering Attacks

-Mobile Users are More Susceptible to Phishing Attacks

-Phishing as a Service Stimulates Cyber Crime

-Attacker Breakout Time Drops to Just 84 Minutes

-Attackers are Developing and Deploying Exploits Faster Than Ever

-Old Vulnerabilities are Haunting Organisations and Aiding Attackers

-Scams Drive Nearly $9bn Fraud Surge in 2022

-Economic Pressure are Increasing Cyber Security Risks and a Recession Would Only Further This

-Cyber Security in This Era of Polycrisis

-Russian Ransomware Projects Rebranded to Avoid Western Sanctions

-Ransomware Attacks Ravaged Big Names in February

-Firms Who Pay Ransom Subsidise New Attacks

-How the Ukraine War Opened a Fault Line in Cyber Crime

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

  • It’s Time to Evaluate Your Security Education Plan with the Rise in Social Engineering Attacks

Security provider Purplesec found 98% of attacks in 2022 involved an element of social engineering. Social engineering attacks can take many forms including phishing, smishing, vishing and quishing and it’s vital to educate your organisation on how to best prepare for these. Education plans should focusing on educating all levels of users, including those at the top. These plans should also be tested to allow organisations to assess where they are at and identify where they can improve.

https://www.darkreading.com/endpoint/as-social-engineering-attacks-skyrocket-evaluate-your-security-education-plan

  • Mobile Users are More Susceptible to Phishing Attacks

A report conducted by mobile security provider Lookout focused on the impact of mobile phishing. Some of the key findings from the report included that more than 50% of personal devices were exposed to a mobile phishing attack every quarter, the percentage of users falling for multiple mobile phishing links increasing and an increased targeting of highly regulated industries such as insurance, banking and financial services. It is likely that this has resulted from the increase in relaxed bring your own device (BYOD) policies.

https://www.msspalert.com/cybersecurity-research/mobile-users-more-susceptible-to-phishing-attacks-than-two-years-ago/

  • Phishing as a Service Stimulates Cyber Crime

Phishing attacks are at an all-time high and the usage of Phishing as a Service (PaaS) opens this attack technique to virtually anyone. The sale of “phishing kits” and usage of artificial intelligence has further increased the availability of this attack technique. In response, organisations should look to improve their email security, cloud security and education programs for employees.

https://www.trendmicro.com/en_us/ciso/23/c/phishing-as-a-service-phaas.html

  • Attacker Breakout Time Drops to Just 84 Minutes

The average time it takes for a threat actor to move laterally from a compromised host within an organisation dropped 14% between 2012 and 2022 down to 84 minutes, according to a report by security provider Crowdstrike. With the reduction in time it takes a threat actor to move across systems, organisations have even less time to enact their incident response plans and contain breaches effectively, putting further pressure on the incident response team. By responding quickly, organisations can minimise the cost and damage of a breach. The report from Crowdstrike found that organisations were facing increasing difficulty in detecting suspicious activity as attackers are choosing to use valid organisation credentials rather than malware, to gain access to an organisation’s systems.

https://www.infosecurity-magazine.com/news/attacker-breakout-time-drops-just/

  • Attackers are Developing and Deploying Exploits Faster Than Ever

A report from security provider Rapid7 found that over 56% of vulnerabilities were exploited within seven days of public disclosure. Worryingly, the median time for exploitation in 2022 was just one day. The finding from the report highlights the need for organisations to not only conduct threat intelligence to be aware of vulnerabilities but to also look to employ patches where possible in a timely manner.

https://www.helpnetsecurity.com/2023/03/03/attackers-developing-deploying-exploits/

  • Old Vulnerabilities are Haunting Organisations and Aiding Attackers

Known vulnerabilities, vulnerabilities for which patches have already been made available, are one of the primary attack vectors for threat actors. Vulnerability management vendor Tenable found that the top exploited vulnerabilities were originally disclosed as far back as 2017 and organisations that had not applied these patches were at increased risks of attack.

https://www.helpnetsecurity.com/2023/03/03/known-exploitable-vulnerabilities/

  • Scams Drive Nearly $9bn Fraud Surge in 2022

Americans lost $8.8 billion to fraud last year, with imposter scams responsible for $2.8 billion of that amount, according to the Federal Trade Commission (FTC). Losses to business imposters were particularly damaging, climbing to $660 million from the previous year. Interestingly, the FTC found that younger people reported losing money to fraud the most often.

https://www.infosecurity-magazine.com/news/investment-scams-drive-9bn-in/

  • Economic Pressure are Increasing Cyber Security Risks and a Recession Would Only Further This

The World Economic Forum’s recent report found that 93% of cyber security leaders and 86% of business leaders think it is moderately or very likely that global geopolitical instability will lead to a catastrophic cyber event in the next two years. Reinforcing this, a report from (ISC)² found that 80% of business executives believe a weakening economy will increase cyber threats and a recession will only amplify this.

https://www.csoonline.com/article/3689008/economic-pressures-are-increasing-cybersecurity-risks-a-recession-would-amp-them-up-more.html

  • Cyber Security in this Era of Polycrisis

A year since Russia invaded Ukraine, the geopolitical context is increasingly tense and volatile. The world faces several major crises in what has been coined a 'polycrisis,' a cluster of global shocks with compounding effects. This, along with increasing geopolitical tensions causes a rise in risk from cyber attacks. In fact, the European Union Agency for Cyber Security (ENISA) recently issued an alert regarding actors conducting malicious cyber activities against businesses and governments in the European Union and findings from Google show a 300% increase in state-sponsored cyber attacks targeting users in NATO countries.

https://www.weforum.org/agenda/2023/02/cybersecurity-in-an-era-of-polycrisis/

  • Russian Ransomware Projects Rebranded to Avoid Western Sanctions

Research provider TRM labs found that some major Russian-linked ransomware crime gangs have rebranded their activities in 2022 to avoid sanctions. To strengthen their anonymity, two major ransomware crime gangs LockBit and Conti restructured their activities. Conti is reported to have restructured into three smaller groups named Black Besta, BlackByte, Karakurt. LockBit on the other hand launched LockBit 3.0, which is focused on monetary gain. Additionally, the report found that Russian-speaking darknet markets had amassed over $130 million in sales.

https://cryptopotato.com/russian-ransomware-projects-rebranded-to-avoid-western-sanctions-report/

  • Ransomware Attacks Ravaged Big Names in February

Despite the apparent slight drop in ransomware activity last month, several high profile targets of various industries were hit; this ranges from the likes of the US Marshal Service, retailer WH Smith, satellite provider Dish and many more. These attacks reinforce the concept that any organisation can be a victim, regardless of industry.

https://www.techtarget.com/searchsecurity/news/365532056/Ransomware-attacks-ravaged-big-names-in-February

  • Firms Who Pay Ransoms Subsidise New Attacks

A report from security provider Trend Micro found that whilst only a relatively small number of ransomware victims pay their extorters, those that do pay are effectively funding 6-10 new attacks. The report also found that attackers are aware of which industries and countries pay ransoms more often, so organisations belonging to those industries and countries may find themselves an even more attractive target.

https://www.infosecurity-magazine.com/news/firms-pay-ransom-subsidise-10/

  • How the Ukraine War Opened a Fault Line in Cyber Crime

A report from threat intelligence provider Recorded Future has highlighted the impact that the Russian invasion of Ukraine has had on cyber. Recorded Future explain how a number of threat actor groups fled during the war and in addition to differing political views between groups, there has been a disruption to the cyber environment. In fact, Recorded Future found that Russian-language dark web marketplaces have taken a major hit and the prediction is that the epicentre of cyber crime may shift to English-speaking dark web forums, shops and marketplaces.

https://www.darkreading.com/analytics/ukraine-war-fault-line-cybercrime-forever


Threats

Ransomware, Extortion and Destructive Attacks

Phishing & Email Based Attacks

BEC – Business Email Compromise

Other Social Engineering; Smishing, Vishing, etc

2FA/MFA

Malware

Mobile

Denial of Service/DoS/DDOS

Data Breaches/Leaks

Organised Crime & Criminal Actors

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

Insider Risk and Insider Threats

Fraud, Scams & Financial Crime

AML/CFT/Sanctions

Insurance

Dark Web

Supply Chain and Third Parties

Software Supply Chain

Cloud/SaaS

Containers

Hybrid/Remote Working

Encryption

API

Open Source

Passwords, Credential Stuffing & Brute Force Attacks

Social Media

Training, Education and Awareness

Parental Controls and Child Safety

Regulations, Fines and Legislation

Governance, Risk and Compliance

Models, Frameworks and Standards

Careers, Working in Cyber and Information Security

Law Enforcement Action and Take Downs

Privacy, Surveillance and Mass Monitoring

Artificial Intelligence

Misinformation, Disinformation and Propaganda

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

Nation State Actors





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 03 March 2023 – Cisco IP Phone 6800, 7800, 7900, and 8800 Series Web User Interface Vulnerabilities

Black Arrow Cyber Advisory 03 March 2023 – Cisco IP Phone 6800, 7800, 7900, and 8800 Series Web User Interface Vulnerabilities

Executive Summary

Multiple Vulnerabilities in the web-based management interface for the Cisco IP Phones: 6800, 7800, 7900, and 8800 have been identified. The vulnerabilities are tracked as CVE-2023-20078 and CVE-2023-20079.

What’s the risk to me or my business?

Successful exploitation of the vulnerabilities could allow an attacker to remotely execute code or cause a denial of service (DoS). The vulnerabilities are not dependent on each other and can therefore be executed without requiring the other one.

What can I do?

There are no workarounds, and it is recommended that the patches for the vulnerabilities released by CISCO are installed.

The following models and firmware versions are impacted:

·       IP Phone 6800 Series with Multiplatform Firmware version earlier than  11.3.7SR1

·       IP Phone 7800 Series with Multiplatform Firmware version earlier than  11.3.7SR1

·       IP Phone 8800 Series with Multiplatform Firmware version earlier than  11.3.7SR1

Due to the following products having reached the end of life process, there is no patch available:

·       Cisco Unified IP Phone 7900 Series

·       Cisco Unified IP Conference Phone 8831

·       Cisco Unified IP Conference Phone 8831 with Multiplatform Firmware

 Further information on the vulnerabilities be found here:

https://sec.cloudapps.cisco.com/security/center/content/CiscoSecurityAdvisory/cisco-sa-ip-phone-cmd-inj-KMFynVcP

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

#threatadvisory #threatintelligence #cybersecurity

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Black Arrow Cyber Alert 01/03/2023 – ACTION REQUIRED: LastPass Security Incident Update

Black Arrow Cyber Alert 01/03/2022 – ACTION REQUIRED: LastPass Security Incident Update

Executive Summary

Yesterday (28 February 2023), LastPass provided an update on their recent security incident that was disclosed on 22 December 2022. LastPass explained how information stolen in a breach that had taken place in August 2022 was then used to conduct a separate breach in December 2022; the latter breach then allowed access to the LastPass encrypted Amazon S3 buckets.

LastPass also revealed more about how the incidents happened. In the first incident the threat actor did not have the decryption keys and they were unable to decrypt some data. The threat actor identified that a DevOps engineer had access to the decryption key and as a result the DevOps engineer’s home computer was targeted. Through exploiting a vulnerable third-party software package, the threat actor was able to install a keylogger and capture the engineers’ master password as it was entered. Once the engineer had authenticated with multi factor authentication (MFA), the threat actor then had access to the LastPass corporate vault.

What’s the risk to my business?

The incident has resulted in a significant amount of data being accessed[1]. LastPass has stated that the compromised backup of the customer base was dated 14 August 2022 and that any accounts created after that date are not affected. A full list, including descriptions is available from LastPass; a summary of main items is presented below:

Business customers - General

  • MFA seeds

  • Splunk Security Information and Event Management (SIEM) integration secrets

  • “Push” site credentials

  • SCIM, Enterprise API and SAML keys

  • Billing addresses

  • Company name

  • Tax id

  • Email address

  • End user name

  • IP address of trusted devices

  • Telephone number

  • Mobile device unique identifier

  • Number of iterations that a customer was configured to use

Business customers - Non federated

  • Hashes of temporary and account recovery one-time passwords

  • MFA API integration secrets

  • One-time password seeds

Business Customers - Federated

  • Split knowledge component “K2” keys

What can I do?

Recommended actions depend on whether the user environment is federated or not. Federated users are users who are authenticated with an identify provider such as Azure Directory, which then allows the user to access LastPass. Non-federated users will access LastPass using a LastPass username and password. The recommended actions are as follows:

Federated users

For federated environments, organisations should consider de-federating and re-federating all users, and request users to rotate all vault credentials based on the organisation’s risk tolerance. If credentials are to be rotated, critical credentials should be prioritised.

Non-federated users

Where non-federated users have employed the use of MFA, administrators should clear all MFA shared secrets[2] as this will destroy all LastPass sessions and require the user to log back in and re-enable MFA. Where MFA is not in use, we strongly recommend it is enforced as soon as possible. Administrators should also consider requiring users to reset their master passwords[3].

General

To maximise security for your users, LastPass recommend reviewing iteration count settings and recommend that users change to 600,000 iterations[4] which is the recommended number by OWASP.

A super administrator or “break-glass” account is a privileged account reserved for unrestricted emergency access. Where a super administrator or “break glass” administrator account is present, it is recommended by LastPass that at least one of these is not federated and has a master password and strong iteration account as per LastPass guidance. Where the password is not strong, it should be reset immediately. It is recommended that MFA also be reset, to reduce the risk of compromise.

Additional considerations include the review of vault item password policies, user security scores, security of shared folders and monitoring of the dark web.

As always, organisations should remain vigilant as threat actors may use this event to conduct phishing campaigns.

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

#threatadvisory #threatintelligence #cybersecurity


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Black Arrow Cyber Threat Briefing 24 February 2023

Black Arrow Cyber Briefing 24 February 2023:

-Employees Bypass Cyber Security Guidance to Achieve Business Objectives

-Three Quarters of Businesses Braced for Serious Email Attack this Year

-The Cost of Living Crisis is Triggering a Wave of Workplace Crime

-Fighting Ransomware with Cyber Security Audits

-Record Levels of Fraud Impacting 90% of Payment Compliance Teams

-CISOs Struggle with Stress and Limited Resources

-Cyber Threats and Regulations Mount for Financial Industry

-HardBit Ransomware Wants Insurance Details to Set the Perfect Price

-Social Engineering is Becoming Increasingly Sophisticated

-A Fifth of Brits Have Fallen Victim to Online Scammers

-Cyber Attacks Hit Data Centres to Steal Information From Companies

-Phishing Fears Ramp Up on Email, Collaboration Platforms

-The War in Ukraine has Shaken up the Cyber Criminal Eco-system

-Police Bust €41m Email Scam Gang

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

  • Employees Bypass Cyber Security Guidance to Achieve Business Objectives

Researcher Gartner predicts that by 2025, lack of talent or human failure will be responsible for over half of significant cyber incidents. In a survey conducted by Gartner it was found that 69% of employees had bypassed their organisations cyber security guidance in the previous 12 months and 74% said they would bypass cyber security guidance if it helped them or their team achieve a business objective.

https://www.helpnetsecurity.com/2023/02/24/bypass-cybersecurity-guidance/

  • Three Quarters of Businesses Braced for Serious Email Attack this Year

According to a survey conducted by security provider Vanson Bourne, 76% of cyber security professionals predict that an email related attack will have serious consequences for their organisation in the coming year. The survey found that 82% of companies reported a higher volume of email in 2022 compared with 2021 and 2020 and 74% had said email-based threats had risen over the last 12 months. In addition, a worrying 91% had seen attempts to steal or use their email domain in an attack.

https://www.csoonline.com/article/3688573/three-quarters-of-businesses-braced-for-serious-email-attack-this-year.html#tk.rss_news

  • The Cost of Living Crisis is Triggering a Wave of Workplace Crime

Almost 6,000 people were caught stealing from their employer in 2022 according to insurance provider Zurich with the firms facing an average loss of £140,000.  Zurich have said “As cost of living pressures mount, employee theft has significantly increased, suggesting some workers could be turning to desperate measures to make ends meet”.

https://news.sky.com/story/the-cost-of-living-crisis-is-triggering-a-wave-of-workplace-crime-heres-how-12817082

  • Fighting Ransomware with Cyber Security Audits

With the ever increasing number of devices and distributed environments, it’s easy for organisations to lose track of open IP addresses, administrator accounts and infrastructure configurations; all of this creates an increase in opportunities for threat actors to deploy ransomware. By conducting audits of IT assets, organisations can identify the data they hold and reduce the risk of forgotten devices. The need for auditing of an organisations assets is reinforced where a survey conducted by research provider Enterprise Strategy Group found that nearly 70% of respondents had suffered at least one exploit that started with an unknown, unmanaged, or poorly managed Internet-facing IT asset.

https://www.trendmicro.com/en_us/ciso/23/b/cybersecurity-audit.html

  • Record Levels of Fraud Impacting 90% of Payment Compliance Teams

New research from research provider VIXIO has found that 90% of payment company compliance teams are frequently overwhelmed and increased fraud was a particular concern for teams in the UK.

https://www.itsecurityguru.org/2023/02/17/overwhelm-impacts-90-of-payment-compliance-teams-as-they-combat-record-levels-of-fraud/

  • CISOs Struggle with Stress and Limited Resources

A survey from security provider Cynet has found that 94% of CISOs report being stressed at work, with 65% admitting that this work stress has compromised their ability to protect their organisation. Furthermore, the survey found all respondents said they needed additional resources to adequately cope with current cyber challenges. Amongst some of the key findings were 77% of CISOs believing that a lack of resources had led to important security initiatives falling to the wayside.

https://www.helpnetsecurity.com/2023/02/23/cisos-work-related-stress/

  • Cyber Threats and Regulations Mount for Financial Industry

Nation-state adversaries, new reporting regulations, and a fast-paced threat landscape mean that financial services and technology firms need to bolster their security posture. For example, last year a report conducted by the Financial Services Information Sharing and Analysis Center (FS-ISAC) and security provider Akamai found that distributed denial-of-service attacks (DDoS) attacks rose 73% more for European financial institutions compared to the previous year. This combination of attacks is followed by an increase in regulations such as the requirement to report breaches to the European Authorities to satisfy the General Data Protection Regulation (GDPR). Such increase has caused financial institutions to bolster their security, with a survey conducted by security provider Contrast finding 72% of financial organisations plan to increase their investment in the security of their applications and 64% mandated cyber security requirements for their vendors.

https://www.darkreading.com/risk/cyberthreats-regulations-mount-for-financial-industry

  • HardBit Ransomware Wants Insurance Details to Set the Perfect Price

Operators of a ransomware threat known as Hardbit are trying to negotiate ransom payments so that they would be covered by victim’s insurance companies. Typically, the threat actor tries to convince the victim that it is in their interest to disclose their insurance details so that the threat actor can adjust their demands so that insurance would cover it.

 https://www.bleepingcomputer.com/news/security/hardbit-ransomware-wants-insurance-details-to-set-the-perfect-price/ 

  • Social Engineering is Becoming Increasingly Sophisticated

The rapid development of deepfake technology is providing an increase in the sophistication of social engineering attacks. Deepfake technology refers to products created through artificial intelligence, which could allow an individual to impersonate another with likeness and voice during a video conversation. The accessibility of such technology has allowed threat actors to conduct more sophisticated campaigns, including the replication of the voice of a company executive.

https://securityaffairs.com/142487/hacking/social-engineering-increasingly-sophisticated.html

  • A Fifth of Brits Have Fallen Victim to Online Scammers

Security founder F-Secure have found that a fifth of Brits had fallen victim to digital scammers in the past, yet a quarter had no security controls to protect themselves. When providing a reason for the lack of security, 60% said they found cyber security too complex. This is worrying for organisations who need to ensure these low levels of security awareness are not displayed in the corporate environment.

https://www.infosecurity-magazine.com/news/fifth-brits-have-victim-online/

  • Cyber Attacks Hit Data Centres to Steal Information from Companies

Cyber attacks targeting multiple data centres globally have resulted in the exfiltration of information relating to companies who used them. In addition, attackers have been seen to publish access credentials relating to these attacks on the dark web. This malicious activity reinforces the need for organisations to be aware of and properly manage their supply chain.

https://www.csoonline.com/article/3688909/cyberattacks-hit-data-centers-to-steal-information-from-global-companies.html#tk.rss_news  

  • Phishing Fears Ramp Up on Email, Collaboration Platforms

Three quarters of organisations are expecting a serious impact from an email-based attack and with the rapid growth and expansion of collaboration tools such as Microsoft Teams, it’s expected that these will also be used as a vector for threat actors. Combined with the emergence of Chat-GPT, the landscape provides an increasing amount of opportunities for threat actors.

https://www.darkreading.com/remote-workforce/phishing-fears-ramp-up-on-e-mail-collaboration-platforms

  • The War in Ukraine has Shaken up the Cyber Criminal Eco-System

One year after Russia invaded Ukraine, the war continues -- including an ever-evolving digital component that has implications for the future of cyber security around the world. Among other things, the war in Ukraine has upended the Eastern European cyber criminal ecosystem, according to cyber security experts from Google, shaking up the way ransomware attacks are playing out. Google later explained that “Lines are blurring between financially motivated and government-backed attackers in Eastern Europe”.

https://www.zdnet.com/article/the-war-in-ukraine-has-shaken-up-the-cybercriminal-ecosystem-google-says/

  • Police Bust €41m Email Scam Gang

A coordinated police operation spanning multiple countries led to the dismantling of a criminal network which was responsible for tens of millions in Business Email Compromise (BEC) losses. In one of the attacks the gang used social engineering to target the Chief Financial Officer (CFO) of a real estate developer, defrauding them of 38 million euros.

https://www.infosecurity-magazine.com/news/police-bust-41m-bec-gang/


Threats

Ransomware, Extortion and Destructive Attacks

Phishing & Email Based Attacks

BEC – Business Email Compromise

Other Social Engineering; Smishing, Vishing, etc

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

Fraud, Scams & Financial Crime

Insurance

Supply Chain and Third Parties

Software Supply Chain

Cloud/SaaS

Containers

Encryption

API

Open Source

Passwords, Credential Stuffing & Brute Force Attacks

Social Media

Malvertising

Training, Education and Awareness

Parental Controls and Child Safety

Regulations, Fines and Legislation

Governance, Risk and Compliance

Data Protection

Careers, Working in Cyber and Information Security

Law Enforcement Action and Take Downs

Privacy, Surveillance and Mass Monitoring

Artificial Intelligence

Misinformation, Disinformation and Propaganda

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

Nation State Actors


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 17 February 2023

Black Arrow Cyber Threat Briefing 17 February 2023:

-High Risk Users May be Few, but the Threat They Pose is Huge

-The Cost of Cyber Security Insurance is Soaring so Firms Need to Take Prevention More Seriously

-Cyber Attacks Worldwide Increased to an All-Time Record Breaking High

-Most Organisations Make Cyber Security Decisions Without Insights

-Ransomware Attackers Finding New Ways to Weaponise Old Vulnerabilities

-Are Executives Fluent in IT Security Speak? 5 Reasons Why the Communication Gap is Wider Than You Think

-Business Email Compromise Groups Target Firms with Multilingual Impersonation Attacks

-EU Countries Told to Step up Defence Against State Hackers

-Cyber Criminals Exploit Fear and Urgency to Trick Consumers

-How to Manage Third Party and Supply Chain Cyber Security Risks that are Too Costly to Ignore

-Russian Spear Phishing Campaign Escalates Efforts Towards Critical UK, US and European Targets

-5 Biggest Risks of Using Third Party Managed Service Providers

-Cyber Crime as a Service: A Subscription Based Model in the Wrong Hands

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

  • High Risk Users May be Few, but the Threat They Pose is Huge

High risk users represent approximately 10% of the worker population according to research provider, Elevate Security research. The research found that high risk users were responsible for 41% of all simulated phishing clicks, 30% of all real-world phishing clicks, 54% of all secure-browsing incidents and 42% of all malware events. This is worrying, considering the rise in sophisticated targeted phishing campaigns.

https://www.helpnetsecurity.com/2023/02/16/high-risk-behavior/

  • The Cost of Cyber Security Insurance is Soaring so Firms Need to Take Prevention More Seriously

State-backed cyber attacks are on the rise, but they are not raising the level of alarm that they should in the corporate world. Unfortunately, this is not a productive way of thinking. Come the end of March, insurance provider Lloyds will no longer cover damage from cyber attacks carried out by state or state-backed groups. In the worst cases, this reduced insurance coverage could exacerbate the trend of companies taking a passive approach toward state-backed attacks as they feel there is now really nothing they can do to protect themselves. The uncertainty however, could be the motivation for companies to take the threat of state-backed attacks more seriously.

https://fortune.com/2023/02/15/cost-cybersecurity-insurance-soaring-state-backed-attacks-cover-shmulik-yehezkel/

  • Cyber Attacks Worldwide Increased to an All-Time Record-Breaking High, Report Shows

According to a report by security provider Check Point, cyber attacks rose 38% in 2022 compared to the previous year. Some of the key trends in the report included an increase in the number of cloud-based networking attacks, with a 48% rise and non-state affiliated hacktivist groups becoming more organised and effective than ever before. Additionally, ransomware is becoming more difficult to attribute and track and extra focus should be placed on exfiltration detection.

https://www.msspalert.com/cybersecurity-research/cyberattacks-worldwide-increased-to-an-all-time-high-check-point-research-reveals/

  • Most Organisations Make Cyber Security Decisions Without Insights

A report by security provider Mandiant found some worrying results when it came to organisational understanding of threat actors. Some of the key findings include, 79% of respondents stating that most of their cyber security decisions are made without insight into the treat actors targeting them, 79% believing their organisation could focus more time and energy on identifying critical security trends, 67% believing senior leadership teams underestimate the cyber threats posed to their organisation and finally, 47% of respondents felt that they could not prove to senior leadership that their organisation has a highly effective cyber security program.

https://www.msspalert.com/cybersecurity-research/mandiant-report-most-organizations-make-cybersecurity-decisions-without-insights/

  • Ransomware Attackers Finding New Ways to Weaponise Old Vulnerabilities

Ransomware attackers are finding new ways to exploit organisations’ security weaknesses by weaponising old vulnerabilities.  A report by security provider Cyber Security Works had found that 76% of the vulnerabilities currently being exploited were first discovered between 2010-2019.

https://venturebeat.com/security/ransomware-attackers-finding-new-ways-to-weaponize-old-vulnerabilities/

  • Are Executives Fluent in IT Security Speak? 5 Reasons Why the Communication Gap is Wider Than You Think

Using data from two different reports conducted by security provider Kaspersky, the combined data showed some worrying results. Some of the results include 98% of respondents revealing they faced at least one IT security miscommunication that regularly leads to bad consequences, 62% of managers revealing miscommunication led to at least one cyber security incident, 42% of business leaders wanting their IT security team to better communicate and 34% of C-level executives struggle to speak about adopting new security solutions.

https://www.msspalert.com/cybersecurity-research/are-c-suite-executives-fluent-in-it-security-speak-five-reasons-why-the-communication-gap-is-wider-than-you-think/

  • Business Email Compromise Groups Target Firms with Multilingual Impersonation Attacks

Security providers Abnormal Security have identified two Business Email Compromise (BEC) groups “Midnight Hedgehog” and “Mandarin Capybara” which are conducting impersonation attacks in at least 13 different languages. Like many payment fraud attacks, finance managers or other executives are often targeted. In a separate report by Abnormal Security, it was found that business email compromise (BEC) attacks increased by more than 81% during 2022.

https://www.infosecurity-magazine.com/news/bec-groups-multilingual/

  • EU Countries Told to Step up Defence Against State Hackers

European states have raced to protect their energy infrastructure from physical attacks but the European Systemic Risk Board (ESRB) said more needed to be done against cyber warfare against financial institutions and the telecommunications networks and power grids they rely on. "The war in Ukraine, the broader geopolitical landscape and the increasing use of cyber attacks have significantly heightened the cyber threat environment," the ESRB said in a report. In addition, the ESRB highlight an increased risk of cyber attacks on the EU financial system, suggesting that stress tests and impact analyses should be carried out to identify weaknesses and measure resilience.

https://www.reuters.com/world/europe/eu-countries-told-step-up-defence-against-state-hackers-2023-02-14/

  • Cyber Criminals Exploit Fear and Urgency to Trick Consumers

Threats using social engineering to steal money, such as refund and invoice fraud and tech support scams, increased during Q4 of 2022 according to a report by software provider Avast. “At the end of 2022, we have seen an increase in human-centred threats, such as scams tricking people into thinking their computer is infected, or that they have been charged for goods they didn’t order. It’s human nature to react to urgency, fear and try to regain control of issues, and that’s where cyber criminals succeed” Avast commented.

https://www.helpnetsecurity.com/2023/02/13/cybercriminals-exploit-fear-urgency-trick-consumers/

  • How to Manage Third Party and Supply Chain Cyber Security Risks that are Too Costly to Ignore

Many organisations have experienced that “after the breach” feeling — the moment they realise they have to tell customers their personal information may have been compromised because one of the organisations’ vendors had a data breach. Such situations involve spending significant amount of money and time to fix a problem caused by a third party. An organisation’s ability to handle third-party cyber risk proactively depends on its risk management strategies.

https://techcrunch.com/2023/02/10/why-third-party-cybersecurity-risks-are-too-costly-to-ignore/

  • Russian Spear Phishing Campaign Escalates Efforts Towards Critical UK, US and European Targets

Following the advisory from the NCSC, it is clear that Russian state-sponsored hackers have become increasingly sophisticated at launching phishing attacks against critical targets in the UK, US and Europe over the last 12 months. The attacks included the creation of fake personas, supported by social media accounts, fake profiles and academic papers, to lure targets into replying to sophisticated phishing emails. In some cases, the bad actor may never leverage the account to send emails from and only use it to make decisions based on intelligence collection.

https://www.computerweekly.com/news/365531158/Russian-spear-phishing-campaign-escalates-efforts-toward-critical-UK-US-and-European-targets

  • 5 Biggest Risks of Using Third Party Managed Service Providers

As business processes become more complex, companies are turning to third parties to boost their ability to provide critical services from cloud storage to data management to security. It’s often more efficient and less expensive to contract out work. But it does present risks. 5 of the biggest risks to be considered are: indirect cyber attacks, financial risks from incident costs, reputational damage, geopolitical risk and regulatory compliance risk.

https://www.csoonline.com/article/3687812/5-major-risks-third-party-services-may-bring-along-with-them.html#tk.rss_news

  • Cyber Crime as a Service: A Subscription Based Model in the Wrong Hands

Arguably nothing in tech has changes the landscape more than ‘as a Service’ offerings, the subscription-based IT service delivery model, in fact, the ‘as a Service’ offering has made its way into the cyber crime landscape. And cyber crime, for its part, has evolved beyond a nefarious hobby; today it’s a means of earning for cyber criminals. Organised cyber crime services are available for hire, particularly to those lacking resources and hacking expertise but willing to buy their way into cyber criminal activities. Underground cyber crime markets have thus emerged, selling cyber attack tools and services ranging from malware injection to botnet tools, Denial of Service and targeted spyware services.

https://www.splunk.com/en_us/blog/learn/cybercrime-as-a-service.html


Threats

Ransomware, Extortion and Destructive Attacks

Phishing & Email Based Attacks

BEC – Business Email Compromise

2FA/MFA

Malware

Mobile

Botnets

Denial of Service/DoS/DDOS

Internet of Things – IoT

Data Breaches

Organised Crime & Criminal Actors

Cryptocurrency/Cryptomining/Cryptojacking/NFTs/Blockchain

Insider Risk and Insider Threats

Fraud, Scams & Financial Crime

AML/CFT/Sanctions

Insurance

Dark Web

Supply Chain and Third Parties

Cloud/SaaS

Attack Surface Management

Open Source

Passwords, Credential Stuffing & Brute Force Attacks

Social Media

Malvertising

Training, Education and Awareness

Regulations, Fines and Legislation

Governance, Risk and Compliance

Backup and Recovery

Careers, Working in Cyber and Information Security

Law Enforcement Action and Take Downs

Privacy, Surveillance and Mass Monitoring

Artificial Intelligence

Misinformation, Disinformation and Propaganda

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

Nation State Actors




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.

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Black Arrow Cyber Advisory 16/02/2023 – Citrix Releases Security Updates Addressing Vulnerabilities in Workspace Apps, Virtual Apps and Desktops Products

Black Arrow Cyber Advisory 16/02/2023 – Citrix Releases Security Updates Addressing Vulnerabilities in Workspace Apps, Virtual Apps and Desktops Products

Executive Summary

This week Citrix released security updates for vulnerabilities affecting its’ Workspace Apps, Virtual Apps and Desktops products. The vulnerabilities are tracked as CVE-2023-24483, CVE-2023-24484, CVE-2023-24486 and CVE-2023-2286.

What’s the risk to me or my business?

Successful exploitation of the vulnerabilities could allow an attacker to escalate privileges and permissions from a standard user to system level. An attacker could also take over another users session and cause log files to be written to a directory which a standard user would not have permission to write to. For the exploitations to be successful, the attacker requires local access as a standard user to the Virtual Desktop Application.

What can I do?

For organisations using vulnerable versions of Workspace Apps, Virtual Apps and Desktop products, it is strongly recommended to install the patched versions as soon as possible. The affected versions are as below:

Citrix Virtual Apps and Desktops (CVE-2023-24483):

  • Current release versions before 2212

  • Long term service release (LTSTR) versions 2203 LTSR before CU2

  • 1912 LTSR before CU6

Citrix Workspace App for Windows (CVE-2023-24484 and CVE-2023-24485):

  • Citrix Workspace App versions before 2212

  • Citrix Workspace App 2203 LTSR before CU2

  • Citrix Workspace App 1912 LTSR before CU7 Hotfix 2 (19.12.7002)

Citrix Workspace App for Linux (CVE-2023-2486)

  • All supported versions of Citrix Workspace app for Linux before 2302

Further information on CVE-2023-24483 can be found here: https://support.citrix.com/article/CTX477616/citrix-virtual-apps-and-desktops-security-bulletin-for-cve202324483

Further information on CVE-2023-24484 and CVE-2023-24485 can be found here: https://support.citrix.com/article/CTX477617/citrix-workspace-app-for-windows-security-bulletin-for-cve202324484-cve202324485

Further information on CVE-2023-2486 can be found here: https://support.citrix.com/article/CTX477618/citrix-workspace-app-for-linux-security-bulletin-for-cve202324486

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

#threatadvisory #threatintelligence #cybersecurity

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Black Arrow Cyber Advisory 15/02/2023 – Microsoft Patch Tuesday – 75 patches and Three Actively Exploited Vulnerabilities

Black Arrow Cyber Advisory 15/02/2023 – Microsoft Patch Tuesday – 75 patches and Three Actively Exploited Vulnerabilities

Executive summary

Microsoft’s February Patch Tuesday provides updates to address 75 security issues across its product range, including three actively exploited zero-days.

Of the 75 vulnerabilities, nine are rated Critical and 66 are rated Important in severity. 37 out of 75 bugs are classified as remote code execution (RCE) flaws.

The three exploited zero-day vulnerabilities include a security bypass vulnerability, remote execution vulnerability and an elevation of privileges vulnerability. Also among the updates provided by Microsoft were 9 critical vulnerabilities.

What’s the risk to me or my business?

The actively exploited vulnerabilities could allow an attacker to bypass security features to upload malicious files, remotely execute code and gain SYSTEM privileges; all of which could compromise the confidentiality, integrity and availability of data stored by an organisation.

What can I do?

Security updates are available for all supported versions of Windows impacted. The updates should be applied as soon as possible for the actively exploited vulnerabilities and all other vulnerabilities that have a critical severity rating.

Technical Summary

The following is a breakdown of the actively exploited vulnerabilities which affected Microsoft Operating Systems:

CVE-2023-21715: A vulnerability which allows a local user with authentication to bypass Microsoft Office macro policies used to block untrusted or malicious files.

CVE-2023-21823: A remote code execution vulnerability which allows an attacker to execute code with system privileges, effectively providing them with unlimited permission. Microsoft Store will automatically update affected customers, providing automatic updates are enabled in the Store.

CVE-2023-23376: A vulnerability which allows a successful attacker to gain SYSTEM privileges, effectively providing them with unlimited permission.

Further details on other specific updates within this patch Tuesday can be found here: https://www.ghacks.net/2023/02/14/microsoft-windows-security-updates-february-2023-overview/ 

Further details about CVE-2023-21715 can be found here: https://msrc.microsoft.com/update-guide/en-US/vulnerability/CVE-2023-21715

Further details about CVE-2023-21823 can be found here: https://msrc.microsoft.com/update-guide/en-US/vulnerability/CVE-2023-21823

Further details about CVE-2023-23376 can be found here: https://msrc.microsoft.com/update-guide/en-US/vulnerability/CVE-2023-23376

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Black Arrow Cyber Threat Briefing 10 February 2023

Black Arrow Cyber Threat Briefing 10 February 2023:

-Companies Banned from Paying Hackers After Attacks on Royal Mail and Guardian

-Fraud Set to Be Upgraded as a Threat to National Security

-98% of Attacks are Not Reported by Employees to their Employers

-UK Second Most Targeted Nation Behind America for Ransomware

-Financial Institutions are Suffering from Increasingly Sophisticated Cyber Attacks

-An Email Attack Can End Up Costing You Over $1 Million

-Cyber Crime Shows No Signs of Slowing Down

-Surge of Swatting Attacks Targets Corporate Executive and Board Members

-Phishing Surges Ahead, as ChatGPT and Artificial Intelligence Loom

-Pro-Russian Hacktivist Group is Only Getting Started, Experts Warn

-Crypto Investors Lost Nearly $4 Billion to Hackers in 2022

-PayPal and Twitter Abused in Turkey Relief Donation Scams

-Mysterious Leak of Booking.com Reservation Data is Being Used to Scam Customers

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

  • UK Companies Banned from Paying Ransomware Hackers After Attacks on Royal Mail and Guardian

British companies have been banned from paying ransomware hackers after a spate of attacks on businesses including Royal Mail and the Guardian newspaper.

UK Foreign Secretary James Cleverly on Thursday unveiled sanctions on seven Russian hackers linked to a gang called Conti, effectively banning any payments to the group.

Thursday’s sanctions are the first of their kind to be specifically targeted against Russian ransomware gang members.

The actions follow a spate of high-profile attacks on businesses and amid warnings from GCHQ that Russian and Iranian hackers are stepping up actions in Britain.

https://www.telegraph.co.uk/business/2023/02/09/companies-banned-paying-hackers-attacks-royal-mail-guardian/

  • Fraud Set to Be Upgraded as a Threat to National Security

Fraud is to be reclassified as a threat to national security under UK government plans that will force police chiefs to devote more officers to solving the crime.

It will be elevated to the same status as terrorism, with chief constables mandated to increase resources and combine capabilities in a new effort to combat a fraud epidemic that now accounts for 30 per cent of all crime.

It will be added to the strategic policing requirement, which means that forces will be required by ministers to treat fraud as a major priority alongside not only terrorism, but also public disorder, civil emergencies, serious and organised crime, cyber attacks and child sexual abuse.

https://www.telegraph.co.uk/news/2023/02/04/fraud-set-upgraded-threat-national-security/

  • 98% of Attacks are Not Reported by Employees to their Employers

Cyber attackers are increasingly using social engineering tactics to lure employees into opening malicious emails in an attempt to trick them into providing login credentials, updating bank account information and paying fraudulent invoices. Worryingly, research conducted by security provider Abnormal has found that 98% of attacks on organisations are not reported to the organisation’s security team. In addition to this, the report found that the volume of business email compromise attacks are spiking, growing by 175% over the past two years. The report also found that nearly two-thirds of large enterprises experiencing a supply chain compromise attack in the second half of 2022.

https://www.msspalert.com/cybersecurity-research/employees-fail-to-report-98-of-email-cyber-hacks-to-security-teams-study-finds/

  • UK Second Most Targeted Nation Behind America for Ransomware

Security research team Kraken Labs released their report earlier this week, which found that of the 101 different countries that registered victims of ransomware, the UK had registered the second highest number of victims behind the US. Currently, there are over 60 ransomware groups, with the top 3 accounting for a third of all ransomware attacks.

https://www.itsecurityguru.org/2023/02/07/uk-second-most-targeted-nation-behind-america-for-ransomware/

  • Financial Institutions are Suffering from Increasingly Sophisticated Cyber Attacks

This week security provider Contrast Security released its Cyber Bank Heists report, an annual report that exposes cyber security threats facing the financial sector. The report warns financial institutions that security must be a top-of-mind issue amid rising geopolitical tensions, increased destructive attacks utilising wipers and a record-breaking year of zero-day exploits. The report involved a series of interviews with financial sector security leaders and found some notable results. Some of the results include 64% of leaders seeing an increase in application attacks, 72% of respondents planning to increase investment in application security in 2023, 60% of respondents falling victim to destructive attacks and 50% of organisations detecting campaigns which aimed to steal non-public market information.

https://www.darkreading.com/attacks-breaches/financial-institutions-are-suffering-from-increasingly-sophisticated-cyberattacks-according-to-contrast-security

  • An Email Attack Can End Up Costing You Over $1 Million

According to a report by security provider Barracuda Network, 75% of organisations had fallen victim to at least one successful email attack in the last 12 months, with those affected facing potential costs of over $1 million for their most expensive attack. The fallout from an email security attack can be significant, with the report finding 44% of those hit had faced significant downtime and business disruption. Additionally financial services greatly impacted by the loss of valuable data (59%) and payments made to attackers (51%). When it came to organisations preparation, 30% felt underprepared when dealing with account takeover and 28% felt unprepared for dealing with business email compromise.

https://www.helpnetsecurity.com/2023/02/10/email-attack-damage-1-million/

  • Cyber Crime Shows No Signs of Slowing Down

Global risks from population pressures and climate change to political conflicts and industrial supply chain challenges characterised 2022. Cyber criminals used this turmoil to exploit these trending topics, including significant events, public affairs, social causes, and anywhere else opportunity appeared. According to security researchers at Zscaler TheatLabz, 2023 will see a rise in Crime-as-a-service (CaaS), supply chains will be bigger targets than ever, there will be a greater need for defence in depth as endpoint protection will not be enough and finally, there will be a decrease in the time between initial compromise and the final stage of an attack.

https://www.darkreading.com/zscaler/cybercrime-shows-no-signs-of-slowing-down

  • Surge of Swatting Attacks Targets Corporate Executive and Board Members

Swatting is the act of deceiving an emergency service with the purpose of the service then sending an emergency response, often armed, to a targeted persons address. Security provider Black Cloak has found that swatting incidents are now beginning to target C-suite executives and corporate board members, with the number of incidents increasing over the last few months. Malicious actors are using information from the dark web, company websites and property records to construct their swatting attacks.

https://www.csoonline.com/article/3687177/surge-of-swatting-attacks-targets-corporate-executives-and-board-members.html#tk.rss_news

  • Phishing Surges Ahead, as ChatGPT and Artificial Intelligence Loom

Artificial Intelligence (AI) is making it easier for threat actors to create sophisticated and malicious email campaigns. In their report, security provider Vade found that Q4 of 2022 saw a 36% volume increase in phishing campaigns compared to the previous quarter, with over 278.3 million unique phishing emails in that period. The researchers found in particular, new AI tools such as ChatGPT had made it easy for anyone, including those with limited skills, to conduct a sophisticated phishing campaign. Furthermore, the ability of ChatGPT to tailor phishing to different languages is an area for concern.

https://www.darkreading.com/vulnerabilities-threats/bolstered-chatgpt-tools-phishing-surged-ahead

  • Pro-Russian Hacktivist Group is Only Getting Started, Experts Warn

A pro-Russian hacktivist group's low-level distributed denial-of-service (DDoS) attacks on US critical infrastructure could be a precursor to more serious cyber attacks, health care and security officials warned this week. A DDoS attack involves overwhelming a targeted service, service or network with traffic in an attempt to disrupt it. Earlier this week Killnet, a politically motivated Russian hacking group, overloaded and took down some US healthcare organisations. The attack came after threatening western healthcare organisations for the continued NATO support of Ukraine.

https://www.axios.com/2023/02/03/killnet-russian-hackers-attacks

  • Crypto Investors Lost Nearly $4 Billion to Hackers in 2022

Last year marked the worst year on record for cryptocurrency hacks, according to analytic firm Chainalysis’ latest report. According to the report, hackers stole $3.8 billion in 2022, up from $3.3 billion the previous year. De-centralised finance products, which are products that have no requirement for an intermediary or middle-man accounted for about 82% of all crypto stolen.

https://www.cnbc.com/2023/02/04/crypto-investors-lost-nearly-4-billion-dollars-to-hackers-in-2022.html

  • PayPal and Twitter Abused in Turkey Relief Donation Scams

Scammers are now exploiting the ongoing humanitarian crisis in Turkey and Syria. This time, stealing donations by abusing legitimate platforms such as PayPal and Twitter. It has been identified that multiple scams are running which call for fundraising, linking the victim to a legitimate PayPal site. The money however, is kept by the scammer.

https://www.bleepingcomputer.com/news/security/paypal-and-twitter-abused-in-turkey-relief-donation-scams/

  • Mysterious Leak of Booking.com Reservation Data is Being Used to Scam Customers

For almost 5 years, Booking.com customers have been on the receiving end of a continuous series of scams that demonstrate criminals have obtained travel plans amongst other personally identifiable information that were provided to Booking.com. The scams have involved users receiving fake emails purporting to be from Booking.com with genuine travel details that victims had provided. These emails contain links to malicious URL’s that look nearly identical to the Booking.com website. These then display the victim’s expected travel information, requiring them to input their card details. Some of the scams have developed and involve scammers sending WhatsApp messages after payment has been made, purporting to be from hotels which have been booked by the victims.

https://arstechnica.com/information-technology/2023/02/mysterious-leak-of-booking-com-reservation-data-is-being-used-to-scam-customers/


Threats

Ransomware, Extortion and Destructive Attacks

Phishing & Email Based Attacks

BEC – Business Email Compromise

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

Fraud, Scams & Financial Crime

Impersonation Attacks

AML/CFT/Sanctions

Insurance

Dark Web

Supply Chain and Third Parties

Software Supply Chain

Cloud/SaaS

Hybrid/Remote Working

Identity and Access Management

Encryption

API

Passwords, Credential Stuffing & Brute Force Attacks

Biometrics

Social Media

Malvertising

Training, Education and Awareness

Parental Controls and Child Safety

Regulations, Fines and Legislation

Governance, Risk and Compliance

Models, Frameworks and Standards

Data Protection

Law Enforcement Action and Take Downs

Privacy, Surveillance and Mass Monitoring

Artificial Intelligence


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

Nation State Actors


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 Advisory 06/02/2023 – New Wave of Ransomware Exploiting VMware ESXi Hypervisors - updated 09/02/2023 and 10/02/2023

Black Arrow Cyber Advisory 06/02/2023 – New Wave of Ransomware Exploiting VMware ESXi Hypervisors

Updated 10/02/2023

Reports indicate that at least 18,500 ESXi servers are still vulnerable to VMware bug behind initial ransomware spree, after last week’s ransomware infections hit more than 3,800 organisations across the United States, France, Italy and more.

Updated 09/02/2023

It has now been found that there is a second wave of the ransomware campaign and reports from administrators are that they are being breached, even though SLP was disabled. There is also a script released by the Cybersecurity and Infrastructure Agency (CISA) which will attempt to recover files from an impacted VMware ESXi hypervisor. It should be noted however, that it will likely not work if the VMware ESXi hypervisor was hit by the second wave of ransomware.

CISA’s advice and link to their recovery script can be found here: https://www.cisa.gov/uscert/ncas/current-activity/2023/02/08/cisa-and-fbi-release-esxiargs-ransomware-recovery-guidance

Executive Summary

A large ransomware campaign is targeting VMware ESXi hypervisors around the world, according to the French government’s computer emergency readiness team (CERT-FR). Although not officially confirmed by VMware, multiple sources report that the ransomware exploits a vulnerability known as CVE-2021-21974, which is a heap-overflow vulnerability in which exploitation can result in remote code execution. A patch was made available by VMware in February 2021.

What’s the risk to me or my business?

According to VMware, the malicious actor needs to reside within the same network segment as VMware ESXi and have access to port 427 to be able to exploit CVE-2021-21974 and remotely execute code. This exploit only impacts organisations with VMware ESXi where OpenSLP services are in use. OpenSLP is an open-source implementation of the Service Location Protocol (SLP), which is used to allow networking applications to discover the existence, location and configuration of network services within enterprise networks. The impacted versions of VMware ESXi are as follows:

·         ESXi 7.x versions earlier than ESXi70U1c-17325551

·         ESXi 6.7.x versions earlier than ESXi670-202102401-SG

·         ESXi 6.5.x versions earlier than ESXi650-202102101-SG

What can I do?

Organisations should look to apply the available patches from VMware as soon as possible. It is recommended that organisations disable the SLP service on ESXi hypervisors that have not been patched for the mean time. Where a patch has been applied recently, a system scan should be performed to detect any indicators of compromise.

Further information on the vulnerability can be found through the original security advisory from VMware, which was published in February 2021: https://www.vmware.com/security/advisories/VMSA-2021-0002.html  

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

#threatadvisory #threatintelligence #cybersecurity

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Black Arrow Cyber Advisory 09/02/2023 – Reminder of Heightened Risk of Phishing Campaigns Taking Advantage of Tragic Events

Black Arrow Cyber Informational 09/02/2023 – Reminder of Heightened Risk of Phishing Campaigns Taking Advantage of Tragic Events

Executive Summary

Following the recent tragic events in Turkey and Syria this is a reminder that whenever there are catastrophes, natural disasters or other notable or particularly newsworthy events malicious actors will take advantage of these events to push related phishing emails or launch other attacks.

What’s the risk to me or my business?

Threat actors will take advantage of events of this nature, often to try to exploit the good nature and charitable intentions of people and organisations. Each event creates opportunities for threat actors to conduct phishing campaigns. These campaigns can include impersonation of those impact, smishing (SMS phishing), fake charitable pages, malicious links within emails and much more.

What can I do?

We recommend staying extra vigilant. This can be done by verifying charities and or companies through official websites, verifying phone numbers for charities, avoiding suspicious links in emails and checking individuals are who they claim to be.

Information on registered UK charities can be found here: https://register-of-charities.charitycommission.gov.uk/charity-search/

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Black Arrow Cyber Threat Briefing 03 February 2023

Black Arrow Cyber Threat Briefing 03 February 2023:

-Business Leaders Need a Hands-on Approach to Stop Cyber Crime, Says Spy Chief

-Rising ‘Firebrick Ostrich’ BEC Group Launches Industrial Scale Cyber Attacks

-The Corporate World is Losing its Grip on Cyber Risk

-Microsoft Reveals Over 100 Threat Actors are Deploying Ransomware in Attacks

-Greater Incident Complexity, a Shift in How Threat Actors Use Stolen Data Will Drive the Cyber Threat Landscape in 2023

-The Threat from Within: 71% of Business Leaders Surveyed Think Next Cyber Security Breach Will come from the Inside

-98% of Organisations Have a Supply Chain Relationship That Has Been Breached

-New Survey Reveals 40% of Companies Experienced a Data Leak in the Past Year

-Russian Hackers Launch Cyber Attack on Germany in Leopard Tank Retaliation

-Financial Services Targeted in 28% of UK Cyber Attacks Last Year

-Phishing Attacks are Getting Scarily Sophisticated. Here’s what to Watch Out For

-City of London on High Alert After Ransomware Attack

-Ransomware Conversations: Why the CFO is Pivotal to Discussing and Preparing for Risk

-JD Sports Warns of 10 Million Customers Put at Risk in Cyber Attack

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

  • Business Leaders Need a Hands-on Approach to Stop Cyber Crime, Says Spy Chief

Business leaders must not see cyber crime as “just a technical issue” that can be left up to IT departments, said Lindy Cameron, chief executive of the National Cyber Security Centre (NCSC).  Ms Cameron later commented that “In the world of cyber security, the new year has brought with it some sadly familiar themes - a continuation of cyber incidents affecting organisations large and small as well as the British public”.

Along with this, came the urge for business leaders to step up their efforts in combating cyber crime by taking an active interest and educating themselves on the subject.  When commenting upon board members’ level of understanding, Ms Cameron said “I’d also encourage board members to develop a basic understanding of cyber security, which can help when seeking assurances from IT teams about the resilience of an organisation - in a similar way that leaders have a certain level of understanding of finance to assess financial health”.

https://www.telegraph.co.uk/news/2023/01/28/business-leaders-need-hands-on-approach-stop-cyber-crime-says/

  • Rising ‘Firebrick Ostrich’ BEC Group Launches Industrial Scale Cyber Attacks

Business email compromise (BEC) has become one of the most popular methods of financially motivated hacking. And over the past year, one group in particular has demonstrated just how quick, easy, and lucrative it really is.

"Firebrick Ostrich" is a threat actor that's been performing BEC at a near-industrial scale. Since April 2021, the group has carried out more than 350 BEC campaigns, impersonating 151 organisations and utilising 212 malicious domains in the process. This volume of attacks is made possible by the group's wholesale gunslinging approach. Firebrick Ostrich doesn't discriminate much when it comes to targets, or gather exceptional intelligence in order to craft the perfect phishing bait. It throws darts at a wall because, evidently, when it comes to BEC at scale, that's enough.

BEC is attractive to bad actors due to the lower barriers to entry than malware, less risk, faster scaling opportunities, and way more profit potential to higher echelons than other methods of attack. These factors may explain why such attacks are absolutely the emerging trend, potentially even leaving even ransomware in the dust. There are literally hundreds, if not thousands, of these groups out there.

https://www.darkreading.com/remote-workforce/rising-firebrick-ostrich-bec-group-launches-industrial-scale-cyberattacks

  • The Corporate World is Losing its Grip on Cyber Risk

Lloyd's of London’s insurance market prides itself on being able to put a price on anything, from Tina Turner’s legs or Bruce Springsteen’s vocal cords, to the risk that a bounty hunter might claim the reward from Cutty Sark Whisky in the 1970s for capturing the Loch Ness monster.

But from the end of March, there will be something it won’t price: systemic cyber risk, or the type of major, catastrophic disruption caused by state-backed cyber warfare. In one sense, this isn’t surprising. Insurance policies typically exclude acts of war. Russia’s NotPetya attack on Ukraine in 2017 showed how state-backed cyber assaults can surpass traditional definitions of armed conflict and overspill their sovereign target to hit global businesses. It caused an estimated $10bn in damages and years of wrangling between companies like pharma group Merck and snack maker Mondelez and their insurers.

But the move is prompting broader questions about the growing pains in this corner of the insurance world. “Cyber insurance isn’t working anywhere at the moment as a public good for society,” says Ciaran Martin, former head of the UK National Cyber Security Centre. “It has a huge role to play in improving defences in a market-based economy and it has been a huge disappointment in that sense so far.”

The Lloyd’s move is designed, say insurers, to clarify rather than restrict coverage. Whether it succeeds is another matter: this is a murky world, where cyber crime groups operate with impunity in certain jurisdictions.

https://www.ft.com/content/78bfdf29-1e20-4c12-a348-06e98d5ae906

  • Microsoft Reveals Over 100 Threat Actors are Deploying Ransomware in Attacks

Microsoft revealed this week that its security teams are tracking over 100 threat actors deploying ransomware during attacks. In all, the company says it monitors over 50 unique ransomware families, with some of the most prominent ransomware payloads in recent campaigns including Lockbit, BlackCat (aka ALPHV), Play, Vice Society, Black Basta, and Royal.

Microsoft said that defence strategies should focus less on payloads themselves but more on the chain of activities that lead to their deployment, since ransomware gangs are still targeting servers and devices not yet patched against common or recently addressed vulnerabilities.

Furthermore, while new ransomware families launch all the time, most threat actors utilise the same tactics when breaching and spreading through networks, making the effort of detecting such behaviour even more helpful in thwarting their attacks.

Attackers are increasingly relying on tactics beyond phishing to conduct their attacks, with threat actors for example capitalising on recently patched Exchange Server vulnerabilities to hack vulnerable servers and deploy Cuba and Play ransomware.

https://www.bleepingcomputer.com/news/security/microsoft-over-100-threat-actors-deploy-ransomware-in-attacks/

  • Ransomware Conversations: Why the CFO is Pivotal to Discussing and Preparing for Risk

With the amount of cyber attacks in all industries, organisations are beginning to grasp the significance of cyber risk and how it is integral to protecting and maintaining an efficient business. In fact, the first half of 2022 alone saw 236.1 million cases of ransomware.

Whilst the expectation for responsibility has typically fallen on Chief Information Security Officers (CISOs), Chief Financial Officers (CFOs) are just as vital in managing cyber risk, which is now inherently also business risk.  The CFO plays an important part in determining whether cyber security incidents will become material and affect the business more seriously. Their insight is critical across many areas which include ransomware, cyber insurance, regulatory compliance and budget management.

https://www.itsecurityguru.org/2023/02/02/ransomware-conversations-why-the-cfo-is-pivotal-to-discussing-and-preparing-for-risk

  • Greater Incident Complexity, a Shift in How Threat Actors Use Stolen Data Will Drive the Cyber Threat Landscape in 2023

Insurance provider Beazley released their Cyber Services Snapshot Report which claims the cyber security landscape will be influenced by greater complexity and the way threat actors use stolen data. The report also found that as a category, fraudulent instruction experienced a growth as a cause of loss in 2022, up 13% year-over year. 

In response to vulnerabilities such as fraudulent instructions, the report suggests organisations must get smarter about educating users to spot things such as spoofed emails or domain names. The report also cautions organisations to watch for social engineering, spear phishing, bypassing of multi-factor authentication (MFA), targeting of managed service providers (MSP) and the compromise of cloud environments as areas of vulnerability.

https://www.darkreading.com/attacks-breaches/greater-incident-complexity-a-shift-in-the-way-threat-actors-use-stolen-data-and-a-rise-in-us-class-actions-will-drive-the-cyber-threat-landscape-in-2023-according-to-beazley-report

  • The Threat from Within: 71% of Business Leaders Surveyed Think Next Cyber Security Breach Will Come from the Inside

A survey conducted by IT provider EisnerAmper found that 71% of business executives worry about accidental internal staff error as one of the top threats facing their organisation and 23% of these worried about malicious intent by an employee. In comparison, 75% of business executives had concerns about external hackers. The survey also asked about current safety measures, with 51% responding that they were “somewhat prepared”. Despite this, only 50% of respondents reported conducting regular cyber security training. 

https://www.darkreading.com/vulnerabilities-threats/the-threat-from-within-71-of-business-leaders-surveyed-think-next-cybersecurity-breach-will-come-from-the-inside

  • 98% of Organisations Have a Supply Chain Relationship That Has Been Breached

A report from SecurityScorecard found that 98% of organisations have a relationship with at least one third party that has experienced a breach in the last two years, while more than 50% have an indirect relationship with more than 200 fourth parties that have been breached. Of course, this is keeping in mind that not all organisations disclose or even know they have been breached.

https://www.securityweek.com/98-of-firms-have-a-supply-chain-relationship-that-has-been-breached-analysis/

  • New Survey Reveals 40% of Companies Experienced a Data Leak in the Past Year

Software provider SysKit has published a report on the effects of digital transformation on IT administrators and the current governance landscape. The report found that 40% of organisations experienced a data leak in the previous year. A data leak can have severe consequences on an organisation's efficiency and the impact can lead to large fines, downtime, and loss of business-critical certifications and customers.

In addition, the Survey found that the biggest challenge for IT administrators was a lack of understanding from superiors, huge workloads and misalignment of IT and business strategies.

https://www.darkreading.com/attacks-breaches/new-survey-reveals-40-of-companies-experienced-a-data-leak-in-the-past-year

  • Russian Hackers Launch Cyber Attack on Germany in Leopard Tank Retaliation

The websites of key German administrations, including companies and airports, have been targeted by cyber attacks, the German Federal Office for Information Security (BSI) stated.

The BSI commented they had been informed of DDoS (distributed denial of service) attacks “currently in progress against targets in Germany". This was followed by the statement that “Individual targets in the financial sector” and federal government sites were also attacked, with some websites becoming temporarily unavailable.  It is believed that this is due to the approved deployment of Leopard 2 tanks to Ukraine, with Russian hacker site Killnet taking credit.

https://www.euronews.com/2023/01/26/russian-hackers-launch-cyberattack-on-germany-in-leopard-retaliation

  • Financial Services Targeted in 28% of UK Cyber Attacks Last Year

Based on data from security provider Imperva, security researchers have identified that over a quarter (28%) of all cyber attacks in the UK hit the financial services and insurance (FSI) industry in the last 12 months. The data also found that Application Programme Interface (API) attacks, malicious automated software and distributed denial of service (DDoS) attacks were the most challenging for the industry. In addition, the data found that roughly 40% of all account takeover attempts were targeted at the FSI industry.

https://www.infosecurity-magazine.com/news/quarter-cyber-attacks-uk-financial/

  • Phishing Attacks are Getting Scarily Sophisticated. Here’s What to Watch Out For

Hackers are going to great lengths, including mimicking real people and creating and updating fake social media profiles, to trick victims into clicking phishing links and handing over usernames and passwords. The National Cyber Security Centre (NCSC) warns that these phishing attacks are targeting a range of sectors.

The NCSC has also released mitigation advice to help organisations and individuals protect themselves online. The mitigation advice included the use of strong passwords, separate to other accounts; enabling multi-factor authentication (MFA); and applying the latest security updates.

https://www.zdnet.com/article/phishing-attacks-are-getting-scarily-sophisticated-heres-what-to-watch-out-for/

  • City of London on High Alert After Ransomware Attack

A suspected ransomware attack on a key supplier of trading software to the City of London this week appears to have disrupted activity in the derivatives market. The company impacted, Ion Cleared Derivatives, is investigating. It is reported that 42 clients were impacted by the attack.

https://www.infosecurity-magazine.com/news/city-of-london-high-alert/

  • JD Sports Warns of 10 Million Customers Put at Risk in Cyber Attack

Sportswear retailer JD Sports said it was the victim of a cyber attack that exposed the data of 10 million customers, in the latest spate of hacks on UK companies.

JD Sports explained that the attack involved unauthorised access to a system that contained “the name, billing address, delivery address, phone number, order details and the final four digits of payment cards”. The data related to customers’ orders made between November 2018 and October 2020, with outdoor gear companies Millets and Blacks also impacted. A full review with cyber security and external specialists is underway.

https://www.ft.com/content/afe00f2f-afcd-478f-9e4d-1cf9c943fa79


Threats

Ransomware, Extortion and Destructive Attacks

Phishing & Email Based Attacks

BEC – Business Email Compromise

Other Social Engineering; Smishing, Vishing, etc

2FA/MFA

Malware

Mobile

Botnets

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

Fraud, Scams & Financial Crime

Impersonation Attacks

AML/CFT/Sanctions

Insurance

Dark Web

Supply Chain and Third Parties

Cloud/SaaS

Containers

Encryption

API

Open Source

Passwords, Credential Stuffing & Brute Force Attacks

Social Media

Malvertising

Training, Education and Awareness

Regulations, Fines and Legislation

Governance, Risk and Compliance

Careers, Working in Cyber and Information Security

Law Enforcement Action and Take Downs

Privacy, Surveillance and Mass Monitoring

Artificial Intelligence

Misinformation, Disinformation and Propaganda

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

Nation State Actors – Iran

Nation State Actors – Misc


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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Cyber Security Must be Owned by the Board - ICAS Magazine February 2023

Often a Finance Director or Chief Financial Officer has responsibility for the biggest risk to the organisation’s survival, when cyber security is nestled within IT in their reporting structure. The risks are high when the FD/CFO does not have the specialist guidance and knowledge in cyber security to lead the Board in exercising strong governance. Our co-founder Bruce McDougall CA and experienced cyber security specialist talks with the editor of CA Magazine from ICAS - The Professional Body of CAs about how fellow finance leaders can help avoid the catastrophic effects of a cyber security incident.

Often a Finance Director or Chief Financial Officer has responsibility for the biggest risk to the organisation’s survival, when cyber security is nestled within IT in their reporting structure.

The risks are high when the FD/CFO does not have the specialist guidance and knowledge in cyber security to lead the Board in exercising strong governance.

Our co-founder Bruce McDougall CA and experienced cyber security specialist talks with the editor of CA Magazine from ICAS - The Professional Body of CAs about how fellow finance leaders can help avoid the catastrophic effects of a cyber security incident.

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Black Arrow Admin Black Arrow Admin

Black Arrow Cyber Advisory 01/02/2023 – Attackers Using Microsoft’s Verified Publisher Status to Steal Data

Black Arrow Cyber Advisory 01/02/2023 – Attackers Using Microsoft’s Verified Publisher Status to Steal Data

Executive Summary

On the 15 December Microsoft became aware of a consent phishing campaign, which involved threat actors fraudulently impersonating legitimate companies when enrolling in the Microsoft Cloud Partner Program (MCPP). The threat actors then used the fraudulent accounts to add a ‘verified publisher’ status to OAuth (open authorisation) apps, which then tricked users into granting permissions and allowing the fraudulent OAuth applications to access their data. As these applications appear to be verified, and are hosted within the Microsoft ecosystem, it makes it much more difficult for end users to identify fraudulent applications.

What’s the risk to me or my business?

Microsoft’s investigation determined that once consent was given to these fraudulent applications, the applications were then able to exfiltrate email from the affected users Microsoft tenant.

What can I do?

According to Microsoft, all fraudulent applications have been disabled and impacted customers have been notified with the following subject line “Review the suspicious application disabled in your [tenant name] tenant”. For those impacted, the advice is to investigate the disabled fraudulent applications by checking the applications permissions as well as Azure AD audit logs for activity relating to the application. It is strongly recommended that users do not grant permissions to unprompted applications with their Microsoft Account, as this would allow the application to be granted access to that users data. If the legitimate application is already a part of the users tenant, then further permissions should not be required.

Further information from Microsoft can be found here: https://msrc-blog.microsoft.com/2023/01/31/threat-actor-consent-phishing-campaign-abusing-the-verified-publisher-process/

Microsoft’s advice to mitigating consent phishing can be found here: https://learn.microsoft.com/en-us/azure/active-directory/manage-apps/protect-against-consent-phishing

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

#threatadvisory #threatintelligence #cybersecurity

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