Data Breaches

Top cybersecurity M&A deals for 2023

Uncertainty and instability marked the end of 2022 for many in the tech sector, a trend that bled into the beginning of 2023. Following on the heels of a drought in IT talent came mass layoffs at many of the world’s biggest tech companies as predictions of recession loomed and war in Ukraine dragged on with no end in sight. Global concern over cybersecurity has never been higher, with attacks coming fast and furious and…

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VMware ESXi server ransomware evolves, after recovery script released

After the FBI and the Cybersecurity and Infrastructure Security Agency (CISA) on Wednesday released a recovery script for organizations affected by a massive ransomware attack targeting VMWare ESXi servers worldwide, reports surfaced that the malware evolved in a way that made earlier recovery procedures ineffective. The attacks, aimed at VMware’s ESXi bare metal hypervisor, were first made public February 3 by the French Computer Emergency Response Team (CERT-FR), and target ESXi instances running older versions…

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UK/US cybercrime crackdown sees 7 ransomware criminals sanctioned

A UK/US campaign to tackle international cybercrime has seen Seven Russian cybercriminals linked to a notorious ransomware group exposed and sanctioned. The sanctions were announced today by the UK’s Foreign, Commonwealth and Development Office (FCDO) alongside the US Department of the Treasury’s Office of Foreign Assets Control (OFAC). This follows a lengthy investigation by the National Crime Agency (NCA) into the crime group behind Trickbot malware, as well as the Conti and RYUK ransomware strains,…

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HTML smuggling campaigns impersonate well-known brands to deliver malware

Trustwave SpiderLabs researchers have cited an increased prevalence of HTML smuggling activity whereby cybercriminal groups abuse the versatility of HTML in combination with social engineering to distribute malware. The firm has detailed four recent HTML smuggling campaigns attempting to lure users into saving and opening malicious payloads, impersonating well-known brands such as Adobe Acrobat, Google Drive, and the US Postal Service to increase the chances of users falling victim. HTML smuggling uses HTML5 attributes that…

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What is business email compromise?

In this article, Cyber Security Hub explores how cyber attackers use threat vectors like phishing, social engineering and ransomware to enact business email compromise (BEC). Cybercrime is an ever-growing issue across virtually every industry. Expected to have a global cost as much as US$10trn by 2025, companies must fight to combat malicious actors seeking to gain from cyber attacks against them. Threat actors increasingly use multiple threat vectors during attacks to overwhelm companies and make…

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Yes, CISOs should be concerned about the types of data spy balloons can intercept

The recent kerfuffle surrounding the Chinese surveillance balloon that sailed above Canada and the United States before meeting its demise off the southeastern coast of the United States has tongues wagging and heads scratching in equal measure. While some may write this off as geopolitical shenanigans by China and nothing to fret about, I submit that it is emblematic of a nation-state using all resources available to acquire pieces of information and fill in the…

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How to unleash the power of an effective security engineering team

Security teams are comprised primarily of operations, compliance, and policy-related roles. Security engineering teams, on the other hand, are builders. They build services, automate processes, and streamline deployments to support the core security team and its stakeholders. Security engineering teams are typically made up of software and infrastructure engineers, architects, and product managers. The collective security/security engineering team mindset is also that of a builder, quite different from that of a penetration tester or third-party…

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Threat group targets over 1,000 companies with screenshotting and infostealing malware

Researchers warn that a new threat actor has been targeting over a thousand organizations since October with the goal of deploying credential-stealing malware. The attack chain also involves reconnaissance components including a Trojan that takes screenshots of the desktops of infected computers. Tracked as TA866 by researchers from security firm Proofpoint, the group’s tooling seems to have similarities to other campaigns reported in the past under different names going as far back as 2019. Even…

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Growing number of endpoint security tools overwhelm users, leaving devices unprotected

Enterprises that use endpoint security and management technologies face a problem of growing marketplace “sprawl,” as new tools proliferate and options multiply, according to a study released today by the Enterprise Services Group. Between the ongoing influence of remote work and IoT, the number and diversity of devices that have to be managed by endpoint security tools is on the rise. As a consequence, the number of available tools to manage them has also risen.…

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What is the difference between cyber risk management and cyber resilience?

Cyber Security Hub speaks to Sourabh Haldar, threat policy implementation lead of information and cyber security at Standard Chartered Bank about the importance of cyber resilience in the face of emerging threats. Cyber Security Hub: What do you think will be the biggest threat vector and/or threat target in 2023? Sourabh Haldar: From a sector-wide perspective, phishing and social engineering-based attacks are definitely a concern. Phishing is the easiest way for malicious actors to gain…

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