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While not a ‘get out of jail free card’ for your business, cyber insurance can help insulate it from the financial impact of a cyber-incident Cyber risk is on the rise as the combined impact of surging threat levels, expanding attack surfaces and security skills shortages are putting organizations at a disadvantage. Faced with an increased likelihood that they may suffer a damaging security breach, many may be looking to transfer liability onto a third-party…

by Naked Security writer Remember Mt. Gox? Originally, it was a card-trading site called MTGOX, short for Magic The Gathering Online Exchange (there was no sense of “Mountain” in the name at all), but the domain changed hands and purpose in the early days of cryptocurrency. Operated out of Japan by French expatriate Mark Karpelès, Mt. Gox rapidly became the biggest online Bitcoin exchange, but imploded in 2014 when the company was forced to admit…

A crimeware group that usually targets individuals and SMBs in North America and Europe adds cyberespionage to its activities It’s rather rare to find a cybercrime group that ventures into cyberespionage, which alone makes new ESET research all the more interesting. According to ESET experts, a cybercrime group known as Asylum Ambuscade – which usually targets individuals, SMBs, bank customers, and cryptocurrency traders in North America and Europe – has added cyberespionage to its activities.…

by Paul Ducklin Even if you’re not a MOVEit customer, and even if you’d never heard of the MOVEit file sharing software before the end of last month… …we suspect you’ve heard of it now. That’s because the MOVEit brand name has been all over the IT and mainstream media for the last week or so, due to an unfortunate security hole dubbed CVE-2023-34362, which turned out to be what’s known in the jargon as…

A curious case of a threat actor at the border between crimeware and cyberespionage Asylum Ambuscade is a cybercrime group that has been performing cyberespionage operations on the side. They were first publicly outed in March 2022 by Proofpoint researchers after the group targeted European government staff involved in helping Ukrainian refugees, just a few weeks after the start of the Russia-Ukraine war. In this blogpost, we provide details about the early 2022 espionage campaign…

by Paul Ducklin We’re all still using passwords on many, perhaps most, of our accounts, because we’re all still using plenty of online services that don’t offer any other sort of login system. Just today, for instance, I paid membership fees to a cycling-related group that asked for my postal address so it could send me my membership card, which I thought was a delightfully simple and old-school way of letting me retrieve my membership…