In the latest weekly update, four ISMG editors discuss the state of cyber insurance today and why its future is uncertain; applying a security-by-design reliability model to analyze vulnerabilities; and how Russia takes down members of the REvil ransomware group as cyber aggressions in Ukraine rise.
Although flaws in Apache Log4j software that need remediating remain widespread in organizations, "some of them are aware of the issue, some of them aren't aware of the issue, and likely this issue is going to be persisting with us for many, many years," says Jeff Macko, an offensive security expert at Kroll.
Singaporean cryptocurrency exchange Crypto.com confirms that its platform fell victim to a multimillion-dollar cyberattack. In a postmortem entry on its site, Crypto.com says unauthorized withdrawals targeted Ethereum and Bitcoin of 483 users. Associated losses were near $34 million.
The latest edition of the ISMG Security Report features an analysis of whether the cyberattacks that hit Ukraine's government agencies last week are attributable to any group or nation-state along with updates to the cybersecurity executive order and illicit cryptocurrency trends.
Michael Lines is working with ISMG to promote awareness of the need for cyber risk management. As a part of that initiative, CyberEdBoard posts draft chapters from his upcoming book, "Heuristic Risk Management: Be Aware, Get Prepared, Defend Yourself." This chapter is "Recognize the Threats."
U.S. President Joe Biden today signed a National Security Memorandum that aims to improve the cybersecurity of national security systems. The memo gives new powers to the NSA to oversee cybersecurity improvements such as the use of the multifactor authentication, encryption and endpoint detection services.
Attackers have been actively targeting Log4j vulnerabilities, or Log4Shell, vulnerabilities in the servers of virtualization solution VMware Horizon to establish persistent access via web shells, according to an alert by the U.K. National Health Service.
OpenSubtitles, a website providing free movie subtitles, confirmed to its users today that it had been hacked last August and the hacker had demanded a ransom to remain silent about the attack and to delete the leaked data. This data breach affected 6,783,158 users.
Endpoint detection and response software news: The entity formerly known as McAfee Enterprise and FireEye Products has a new name: Trellix. Think of a "security trellis to businesses across the globe, giving them support they need to keep them safe," says CEO Bryan Palma. Will customers and prospects buy in?
After the defacement of multiple Ukrainian government websites last week and subsequent deployment of destructive malware against Ukraine over the weekend, Lithuanian officials have offered to deploy the EU's Cyber Rapid Response Team to help Ukraine deal with cyberattacks.
Spyware from controversial Israeli firm NSO Group was reportedly used by the nation's civilian police force, according to a new report from an Israeli business publication. Its findings allege that the Israel Police conducted warrantless phone taps on Israeli politicians and activists, among others.
GAO auditors say in a new report that the federal government's response to both the SolarWinds software supply chain attack and the exploitation of Microsoft Exchange Servers in 2021 sharpened its coordination efforts, but also exposed information-sharing gaps.
The defacement of Ukrainian government websites may have been intended as a smokescreen for a destructive malware attack that failed to execute or has yet to be unleashed, some security experts warn. Ukraine continues to investigate the attack, which it suggests may trace to Russia, Belarus or both.
With 16% of U.S. citizens using a cryptocurrency trading platform, OCC acting Chief Michael Hsu urges collaborative efforts to pass cryptocurrency regulations, which he says could lead to greater innovation in the space.
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