BACKGROUND: It has been reported that the secret deals and hidden assets of some of the world’s richest and most powerful people have been revealed in the biggest trove of leaked offshore data in history. Branded the Pandora papers, the cache includes 11.9m files from companies hired by wealthy clients to create offshore structures and trusts in tax havens around the world.
ISBuzz Team
BACKGROUND: US cryptocurrency exchange Coinbase is facing a backlash from its users after notifying them that at least 6,000 customers had their funds stolen by hackers.
BACKGROUND: Giant Group has admitted its computer systems which pay thousands of umbrella company contractors each week have been hacked. The contractors were informed of the compromise on 22nd of September and all affected systems were taken offline. It is suspected it is a ransomware attack since both Giant Umbrella and Giant Accounts portals are offline.
BACKGROUND: Brian Krebs reported today about cybercrime services that help attackers intercept the one-time passwords (OTPs) that many websites require as a second authentication factor in addition to passwords. These bot-based services that make it relatively easy for crooks to phish OTPs from targets.
BACKGROUND: In response to reports that a malware campaign has infected more than 10 million Android devices from over 70 countries and likely stole hundreds of millions from its victims by subscribing to paid services without their knowledge, experts at cybersecurity firms Cerberus Sentinel and RiskLens offer the following comments.
New research also shows dramatic increases in fileless malware, malware detections per appliance and booming network and ransomware attacks The latest quarterly Internet Security Report from the WatchGuard Threat Lab released today shows an astonishing 91.5% of malware arriving over HTTPS-encrypted connections during Q2 2021. This is a dramatic increase over the previous quarter and means that any organisation that isn’t examining encrypted HTTPS traffic at the perimeter is missing 9/10 of all malware. Researchers also found alarming surges across fileless malware threats, a dramatic growth in ransomware and a big increase in network attacks. “With much of the world still…
BACKGROUND: The U.S. Senate has just introduced a bipartisan bill that requires critical infrastructure operators, such as banks and energy companies, to report cyberattacks within 72 hours. Other organisations such as state and local governments and businesses with more than 50 employees would also be required to report any ransoms paid following an attack to the federal government within 24 hours of payment. Top security officials CISA Director Jen Easterly and National Cyber Director Chris Inglis attended a committee hearing last week to support a draft version of the measure. The Senate bill comes after the House of Representatives passed…
BACKGROUND: October officially marks National Cybersecurity Awareness Month. While an annual reminder for organizations to pay attention to their security posture and the wider cyber landscape, this year in particular has been a constant battle against advisories taking advantage of the unique environment as companies continue to adjust to working in a pandemic. While potentially holding a bit more significance than in year’s past, if you’re planning on publishing a roundup of sorts, or a related article, please see below for quoted thoughts from 7 seasoned experts, including spokespeople from Okta, Netskope, and Raytheon Intelligence & Space.
BACKGROUND: It has been reported that security researchers from Proofpoint company Cloudmark have discovered a new piece of mobile malware strain spread via SMS that cybercriminals are using to target users across the US and Canada with Covid-19 lures. The malware has been dubbed TangleBot because of its many levels of obfuscation and how it is able to control a multitude of entangled device functions including contacts, SMS and phone capabilities, call logs, internet access, camera and microphone.
BACKGROUND: Women and people who are BAME (black and minority ethnic) are disproportionately likely to be the victim of cybercrime, and are more likely to financially suffer as a result, finds new research from Malwarebyes. Why? One reason is that the modern technologies designed to identify, verify and therefore protect us all are naturally biased.