Data Breaches

Trulioo launches end-to-end identity platform

Identity verification firm Trulioo on Tuesday launched a new global identity platform for “person” and “business” verification. Trulioo so far sold multiple identity products, each operating in their own silos. Their products and services range from person and business verification, to no-code workflow building, low-code integrations, and anti-fraud measures. The new platform combines all these solutions into a single contract for clients who can use the platform to access information matching, identity document verification, proof of…

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Why do hackers target cryptocurrencies?

Cyber Security Hub explores why and how hackers are targeting cryptocurrency investors. With more than 420 million cryptocurrency users, more than 12,000 cryptocurrencies worldwide and an estimated value of US$2.2bn by 2026, the digital currency marketplace is growing rapidly. This rapid growth, however, has made it a target for cyber attackers looking to defraud victims.  Here, Cyber Security Hub explores the threat vectors used and vulnerabilities exploited by hackers specific to cryptocurrency-based cyber crime. Why…

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Threat actors abuse Microsoft’s “verified publisher” status to exploit OAuth privileges

Researchers from cybersecurity firm Proofpoint claim to have discovered a new threat campaign involving malicious third-party OAuth apps that are used to infiltrate organizations’ cloud environments. According to a blog on the company’s website, threat actors satisfied Microsoft’s requirements for third-party OAuth apps by abusing the Microsoft “verified publisher” status, employing brand abuse, app impersonation and other social engineering tactics to lure users into authorizing malicious apps. The potential impacts of the campaign, which Proofpoint…

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New UN cybercrime convention has a long way to go in a tight timeframe

Cybercrime is a growing scourge that transcends borders, spreading across the boundaries of virtually all the world’s nearly 200 nation-states. From ransomware attacks to rampant cryptocurrency theft, criminal exploitation of borderless digital systems threatens global economic security and the political welfare of all countries. Now, the United Nations has a major initiative to develop a new and more inclusive approach to addressing cybercrime. This revised global approach could spark new laws worldwide to battle cybercrime…

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How to survive below the cybersecurity poverty line

The security poverty line broadly defines a divide between the organizations that have the means and resources to achieve and maintain mature security postures to protect data, and those that do not. It was first coined by cybersecurity expert Wendy Nather in 2011, and the concept is just as relevant today as it was then (if not more so). It has widely become the benchmark for acceptable cybersecurity, often associated with factors such as company…

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Economic headwinds could deepen the cybersecurity skills shortage

According to the most recent research report from ESG and the Information System Security Association International (ISSA), 57% of organizations claim that they’ve been impacted by the global cybersecurity skills shortage, while 44% of organizations believe the skills shortage has gotten worse over the past few years. The result? Increasing workloads on existing cybersecurity staff, job requisitions open for weeks or months, and high burnout rates and attrition for cybersecurity professionals. (ESG and ISSA will update…

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Hackers abuse legitimate remote monitoring and management tools in attacks

Security researchers warn that an increasing number of attackers are using legitimate remote monitoring and management (RMM) tools in their attacks to achieve remote access and control over systems. These tools are commonly used by managed service providers (MSPs) and IT help desks so their presence on an organization’s network and systems might not raise suspicion. Researchers from Cisco Talos reported this week that one particular commercial RMM tool called Syncro was observed in a…

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FBI takes down Hive ransomware group in an undercover operation

The US Department of Justice (DOJ) along with international partners have taken down the Hive ransomware group. The operation that began in July 2022 resulted in the FBI penetrating Hive’s computer networks, capturing its decryption keys, and offering them to victims worldwide, preventing victims from having to pay the $130 million in ransom demanded, DOJ said in a release on Thursday.  “Last night, the Justice Department dismantled an international ransomware network responsible for extorting and…

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IOTW: Hackers steal the data of 37 million T-Mobile customers

T-Mobile, the Deutsche Telekom-owned mobile communications brand, has suffered a data breach that exposed the records of 37 million customers. The breach was first discovered by T-Mobile on January 5 after the company noticed “unusual activity” on its American networks and was then reported to the general public on January 19. The company said that it believed the hacker had gained access to customer information “using a single Application Programming Interface (or API)”. T-Mobile said…

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9 API security tools on the frontlines of cybersecurity

Application programming interfaces (APIs) have become a critical part of networking, programs, applications, devices, and nearly everything else in the computing landscape. This is especially true for cloud and mobile computing, neither of which could probably exist in its current form without APIs holding everything together or managing much of backend functionality. Because of their reliability and simplicity, APIs have become ubiquitous across the computing landscape. Most organizations probably don’t even know how many APIs…

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