Cryptojacking costs victims over 50-times what the attacker makes
According to a new report from Sysdig, the unified container and cloud security company, it costs $430,000 in cloud bills for an attacker to generate $8,100 in cryptocurrency revenue. This works out at a $53 cost to the victim for every $1 the cryptojacker makes.
The report takes an extensive look at TeamTNT, a notorious cloud-targeting threat actor that generates the majority of its criminal profits through cryptojacking. TeamTNT is best known for its crypto‐jacking worm activity, which began in 2019, exploiting vulnerable instances of popular key‐value store Redis.
46 percent of ransomware attacks happen in the US but who are the targets?
US companies are the most affected by ransomware, with 46 percent of all ransomware attacks happening there, according to new research by cybersecurity company NordLocker.
But just who is being targeted? The research finds that out of 18 industries identified, construction accounts for 12 percent of all attacks. Next most likely to be hit are manufacturing (9.6 percent), transportation (8.2 percent), healthcare (7.8 percent), and tech/IT (7.6 percent).
Cybercriminals get better at bypassing defenses
Cybercriminals have become more adept at bypassing defenses with new DDoS attack vectors and successful methodologies, according to the latest DDoS Threat Intelligence Report from NETSCOUT.
The report is based on intelligence on attacks occurring in over 190 countries, 550 industries, and 50,000 autonomous system numbers (ASNs). It finds there were over six million DDoS attacks in first half of 2022, with TCP-based flood attacks (SYN, ACK, RST) still the most used attack vector, accounting for around 46 percent.
Businesses facing a data protection emergency as backup strategies fail to keep up
Nearly eight out of ten (79 percent) of UK and Irish IT decision makers and professionals say there are gaps between their data dependency, backup frequency, SLAs and ability to get back to productive business.
The results of the Data protection Trends Report from Veeam Software also show that 76 percent of respondents admit falling prey to at least one ransomware attack in the past year, with 65 percent now using cloud services as part of their data protection strategy to increase resiliency.
Microsoft gives Windows 11 a new security feature to prevent you storing your passwords insecurely
While software-based password managers are incredibly popular these days, it is still terrifyingly common to find that people store passwords on sticky notes attached to their monitor. A slightly more up to date means of recording passwords is to type them into a text document, and this is something Microsoft is seeking to discourage with the latest update to Windows 11.
With Window 11 2022 Update, the company added a new enhanced phishing protection feature of Microsoft Defender Smartscreen. This security feature can, among other things, issue a warning if it detects that you are entering one of your passwords into a document or, for that matter, a potentially insecure website. The feature is not enabled by default, so here's how to bolster your security.
The UK government has tightened its cybersecurity rules, your business should too
In late August, the UK government introduced new cybersecurity rules aimed at protecting telecommunication networks against cyber attacks. The rules, which allow the government to boost the security standards of the UK’s mobile and broadband networks, come at a time when attacks on critical infrastructure are becoming more frequent and more dangerous.
Earlier this year, for example, Costa Rica was thrown into crisis after a ransomware attack affected 30 government institutions, including critical ministries and its social security fund. The group behind the attack, known as Conti, threatened to overthrow the government unless the US$10 million ransom was paid. With the help of international partners -- including the United States, Israel, Spain, and Microsoft -- it was able to get all its systems back online, but it took weeks. Montenegro, meanwhile, also saw critical digital infrastructure crippled following a cyber attack blamed on state-sponsored actors. The attack effectively sent some government departments back to the analogue era and was still being wrestled with more than three weeks after it was first detected.
Legacy technology undermines ransomware response
Almost half of respondents to a new survey say their company depends on outdated, legacy backup and recovery infrastructure to manage and protect their data. 46 percent are relying on primary backup and recovery infrastructure that was designed in, or before, 2010.
The study commissioned by Cohesity from Censuswide also finds 62 percent expressed some level of concern over whether their IT and security teams would be able to mobilize efficiently to respond to an attack.
Are we heading for a cyber war?
We've already seen that cyberattacks have played a role in the war in Ukraine. But what about the prospect of more widespread cyber warfare. Could Ukraine be just a testing ground?
Education advice site Security Degree Hub has produced an infographic looking at the prospects of a cyber war and what it might look like.
Staying ahead of the hackers with zero trust [Q&A]
With the decline of the traditional enterprise network perimeter, more and more organizations are turning to a zero trust approach to securing their systems.
This not only reduces the attack surface, it ensures that if an attack does succeed it's much less likely to spread laterally within the network. We talked to Tim Silverline, VP of security at network automation specialist Gluware, to find out more about what implementing zero trust means.
Wolfi Linux is designed to safeguard the software supply chain
The desire for software supply chain integrity and transparency has left many organizations struggling to build in software security measures like signatures, provenance, and SBOMs to legacy systems and existing Linux distributions.
This has prompted Chainguard to produce Wolfi, a new Linux '(un)distribution' and build toolchain, that's been designed from the ground up to produce container images that meet the requirements of a secure software supply chain.
Untrained workers don't know who to turn to when faced with cybersecurity threats
Without training, 21 percent of the workforce don't not know who to go to when faced with a cybersecurity threat.
A new report from security awareness training platform KnowBe4 shows that annual security training reduces that percentage to 17 percent.
Firms act to beef up software supply chain security
New data reveals a significant increase in activities to secure open source components and integrate security into developer toolchains in order to protect the software supply chain.
The 13th edition of the Building Security In Maturity Model (BSIMM) report from Synopsys analyzes the software security practices of 130 organizations -- including Adobe, PayPal and Lenovo -- in their efforts to secure more than 145,000 applications built and maintained by nearly 410,000 developers.
Why anomalies in network traffic are key to cybersecurity [Q&A]
Major cyberattacks invariably make the headlines, but it seems that rather than take a proactive approach, many CISOs wait for a new threat to emerge before protecting their business. They simply hope they won't be caught up in the first wave of a new attack.
Dave Mitchell, CTO of cybersecurity investigation specialist HYAS Infosec, believes there is a better approach, one that detects threats by monitoring the communications that form the foundations of internet architecture. We recently talked to him to learn more.
New solution enhances facial recognition technology
Identity fraud is on the rise, with cybercriminals employing increasingly sophisticated techniques including realistic 2D/3D masks and deploying display attacks (e.g. showing a picture of a person on a screen) to try to spoof biometric verification systems.
Identity verification specialist Onfido is launching a new 'biometric liveness solution' called Motion which is aimed at increasing verification speed and ensuring that it’s seeing a real person.
Half of IT pros believe quantum computing could put their data at risk
A new study from Deloitte shows 50.2 percent of professionals at organizations considering quantum computing benefits believe that their organizations are at risk from 'harvest now, decrypt later' (HNDL) cybersecurity attacks.
In HNDL attacks, threat actors harvest data from unsuspecting organizations, anticipating that data can be decrypted later when quantum computing gets sufficiently mature to render some existing cryptographic algorithms obsolete.
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