Tag Archive for: networks

IoT Botnet DDoS Attacks Threaten Global Telecom Networks, Nokia

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In addition to the rise in botnet-driven DDoS attacks, the Threat Intelligence Report highlights a doubling in the number of trojans targeting personal banking information on mobile devices, now accounting for 9% of all infections.

A recent report from Nokia’s Threat Intelligence Center sheds light on the alarming rise of IoT botnet DDoS attacks targeting telecom networks worldwide. The study reveals a fivefold increase in such attacks over the past year, with cybercriminals exploiting insecure IoT devices and profit-driven hacking collectives.

This surge in malicious activity initially observed during the Russia-Ukraine conflict, has now spread to various regions globally, jeopardizing critical infrastructure and services beyond telecom networks.

The proliferation of IoT devices among consumers has contributed significantly to the escalation of botnet-driven DDoS attacks. The number of compromised IoT devices used in these attacks has soared from 200,000 to approximately 1 million, currently accounting for more than 40% of all DDoS traffic.

IoT Botnet Attacks Threaten Global Telecom Networks, Nokia Threat Intel Report
Geographical distribution of active botnet devices, by country (Source: Nokia Deepfield)

The report underscores that this rise in attacks stems from the growing number of profit-driven hacking collectives, taking advantage of the Ukraine crisis.

A prevalent form of malware in telecommunication networks is bot malware, which scans for vulnerable devices—a tactic associated with multiple IoT botnets. With lax security measures prevalent in billions of IoT devices worldwide, encompassing everything from smart refrigerators to medical sensors and smartwatches, cybercriminals have found ample targets to exploit.

In addition to the rise in botnet-driven DDoS attacks, the Threat Intelligence Report highlights a doubling in the number of trojans targeting personal banking information on mobile devices, now accounting for 9% of all infections. This puts millions of users worldwide at heightened risk of having their financial and credit card details compromised. Trojans are malicious software codes that disguise themselves as legitimate applications.

On a positive note, the report reveals a decline in malware…

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Cloudflare partners with Kyndryl to help enterprises modernize and scale corporate networks

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Cloudflare has partnered with Kyndryl to help enterprises modernize and scale their corporate networks with managed WAN-as-a-Service and Cloudflare zero trust. The partnership couples Kyndryl’s expert managed end-to-end networking services with Cloudflare’s robust technology platform to enable enterprises to streamline connectivity to multiple clouds at scale.

The demands of modern applications, data, services, and connect-from-anywhere workloads are of top importance for businesses, including enterprises with legacy network infrastructure. Yet, organizations are increasingly faced with patchworks of data overload, on-premise technologies, public cloud services, and outdated networks, all of which contribute to operational loss and security risks.

Kyndryl’s expertise in network services and protecting business-critical infrastructure, coupled with Cloudflare’s global cloud platform, presents a partnership that enables enterprises to leverage a fully managed Internet security, performance, and reliability solution. The partnership allows enterprises to quickly scale network capacity based on business needs while reducing costs and presenting cost predictability.

“We have witnessed how enterprises are grappling with legacy hardware while introducing more and more cloud-based applications. As time goes on, this is only holding back business, limiting innovation potential, and increasing network security risk,” said Matthew Prince, CEO of Cloudflare.

“That’s why with Kyndryl we’ve made it seamless for enterprises to be guided through the entire transition of bringing their corporate networks to the cloud,” Prince added.

“As Cloudflare continues to expand on its end-to-end cloud solution, we turn to our partners to help deliver this full set of services at an even greater scale to our customers. Given Kyndryl’s industry-leading consulting and managed network services, there was a clear opportunity to partner in order to guide enterprises through their network transformations,” said Matt Harrell, Global Head of Channels and Alliances at Cloudflare.

“By bringing together Kyndryl’s proven track record with enterprises in managing solutions, and…

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How deepfakes ‘hack the humans’ (and corporate networks)

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Once crude and expensive, deepfakes are now a rapidly rising cybersecurity threat.

A UK-based firm lost $243,000 thanks to a deepfake that replicated a CEO’s voice so accurately that the person on the other end authorized a fraudulent wire transfer. A similar “deep voice” attack that precisely mimicked a company director’s distinct accent cost another company $35 million.

Maybe even more frightening, the CCO of crypto company Binance reported that a “sophisticated hacking team” used video from his past TV appearances to create a believable AI hologram that tricked people into joining meetings. “Other than the 15 pounds that I gained during COVID being noticeably absent, this deepfake was refined enough to fool several highly intelligent crypto community members,” he wrote.

Cheaper, sneakier and more dangerous

Don’t be fooled into taking deepfakes lightly. Accenture’s Cyber Threat Intelligence (ACTI) team notes that while recent deepfakes can be laughably crude, the trend in the technology is toward more sophistication with less cost.

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In fact, the ACTI team believes that high-quality deepfakes seeking to mimic specific individuals in organizations are already more common than reported. In one recent example, the use of deepfake technologies from a legitimate company was used to create fraudulent news anchors to spread Chinese disinformation showcasing that the malicious use is here, impacting entities already. 

A natural evolution

The ACTI team believes that deepfake attacks are the logical continuation of social engineering. In fact, they should be considered together, of a piece, because the primary malicious potential of…

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iboss Adaptive Private Access for Zero Trust Networks Provides Greater Protection Against Advanced Threats and Malware than Competitors in Independent Laboratory Tests

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At iboss, we are hyper focused on creating technology that makes it easier for organizations to implement a complete Zero Trust Network Architecture to better protect organizations in this modern-day work from anywhere environment


BOSTON (PRWEB)

iboss, the leader in cloud-delivered cybersecurity, today announced the results of its third-party efficacy testing for its iboss Zero Trust Adaptive Access for Zero Trust Networks, which was rigorously tested for its malware blocking effectiveness by Miercom, a premier independent testing laboratory. The report concluded that iboss Adaptive Private Access delivered superior malware threat protection and is the only service that provides continuous inspection of Private Access traffic.

The test evaluated iboss’s Adaptive Private Access technology. This cloud native Zero Trust platform protects organizations by ensuring employees or devices accessing sensitive cloud apps are redirected through iboss’s Adaptive Private Access, which acts as a checkpoint that continuously monitors for threats to the protected cloud app. When iboss Adaptive Private Access adaptive identifies a threat, the platform cuts access immediately and automatically, with no human intervention, to prevent infections from spreading and corporate data from being stolen. The test results proved that iboss exceeded the requirements set forth by Miercom, blocking 99.7% of malware, and performed 26% higher in malware blocking effectiveness than the industry average of all platforms tested by Miercom to date.

“At iboss, we are hyper focused on creating technology that makes it easier for organizations to implement a complete Zero Trust Network Architecture to better protect organizations in this modern-day work from anywhere environment,” said Paul Martini, CEO and co-founder of iboss. “This result confirms our commitment to providing the most comprehensive security solution for organizations of all sizes.”

The report concluded that iboss Adaptive Private…

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