Industry News
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Weekly News Digest #77
FancyBear and Ghostwriter phishing attempts are stepping up according to Google Google’s Threat Analysis Group (TAG) has released the update in the wake of the russian invasion of Ukraine. The Group has issued hundreds of warnings to users from Ukraine that they have been targeted by state-backed hackers, mostly from russia. Since the beginning of
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Weekly News Digest #76
Internet is fighting Russian disinformation about Ukraine Although the democratic world has imposed powerful sanctions on Russia, people in Russia are not actively protesting to stop the war. Putin’s regime has been feeding Russian citizens with propaganda for decades so they simply refuse to accept the truth: their soldiers have invaded Ukraine and are killing
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Weekly News Digest #75
Cybersecurity burnout. A new major problem. Such issues as high employee turnover, low staff morale, and burnout heavily affect the ability of businesses to address major cybersecurity threats. Projects experience the pressure of tightening the hiring market and high levels of resignation. According to the survey carried out by ThreatConnect, 50% of companies have serious
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Weekly News Digest #74
Malicious actors hijack your PC and webcam using NFT hype Cybercriminals trick users to download password-stealing BitRAT malware during NFT hype to hijack infected machines. BitRAT is a remote-access Trojan that can bypass User Account Control, the feature designed to prevent unauthorized changes to the operating system. The functionality of this malware includes stealing credentials
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Weekly News Digest #73
Romance scams resulted in $1.3B losses for last 5 years in the USA Romance scams are becoming in the modern digital scape. Dating apps are the most popular channels for fraudulence. For example, only in the USA romance scams caused $547M damage to victims in 2021. In 2021, the volume of romance scams and the
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Weekly News Digest #72
Significant wash trading and some cases of money laundering in NFT industry: Chainalysis overview According to Chainalysis, more than $44B worth in cryptocurrency were sent to ERC-721 and ERC-1155 contracts that are associated with NFT marketplaces and collection in 2021 (only $106M in 2020). There are generally two main forms of malicious activities involving NFTs,
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Wormhole Hack: Future Big Attacks On Non-Ethereum Protocols Inevitable
The global blockchain community is shocked by the recent Wormhole hack. Malicious actors have stolen $320M in ETH. It’s just the first explosion, vulnerabilities in blockchain protocols will soon result in a series of mega hacks, Solana at the greatest risk. Wormhole is the bridge between Solana and other DeFi networks. The project’s team has
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Weekly News Digest #71
Companies should boost their defences after cyberattacks targeting Ukraine The ongoing tensions between Ukraine and Russia should force companies to boost their cybersecurity resilience. Although the recent cyberattack targeting Ukraine has not been attributed to any party, the National Cybersecurity Center is warning that it follows similar patterns to the previous attacks, some of which
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Weekly News Digest #70
Dark web players are getting worried following a series of ransomware arrests After the arrest of suspected members of the notorious ransomware group, cybercriminals are becoming increasingly afraid of being tracked down by law enforcement agencies. On 14 January, Russia’s FSB announced the detaining of the members of the REVil ransomware gang. Last year, some
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Weekly News Digest #69
The record-breaking amount of crypto stolen by North Korean hackers in 2021 Almost $400M worth of cryptocurrency, mainly Ethereum, were stolen by North Korean hackers in 2021 in 7 major cyberattacks. The most notorious North Korea’s military hackers’ group was Lazarus, also known as APT38. Cryptocurrency theft has been one of the primary sources of
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Looking Back At LCX Hack From January 2022
The beginning of January 2022 was challenging for the crypto exchange LCX. The hacker stole $7.94m through unauthorized access to its hot wallets. The LCX team provided a rapid response and covered all the losses. On Jan 28, 2022, LCX resumed all deposits and withdrawals, meaning the incident was effectively resolved in 20 days. In
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Weekly News Digest #68
Microsoft signature verification abused by malsmoke hackers in ZLoader cyberattacks The vulnerability in Microsoft’s e-signature verification tools is abused by the Malsmoke hacking group to deploy malware and steal user data. According to the data provided by Check Point Research, more than 2,100 victims (mostly in the USA, India, and Canada) of this campaign have
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