Tag Archive for: trend

In What Could Be a Trend, Ransomware Operation Files SEC Complaint Against Victim for Failing to Timely Disclose Cyberattack


Ransomware operation AlphV/BlackCat has filed a U.S. Securities and Exchange complaint against one of its alleged victims, MeridianLink, for allegedly failing to comply with the four-day rule to disclose a cyberattack.

AlphV/BlackCat listed the software company on its data leak with a threat that it would leak allegedly stolen data unless a ransom is paid within 24 hours. MeridianLink provides digital solutions for financial organizations such as banks, credit unions and mortgage lenders.

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Disturbing trend of malware being spread to Android devices through fake alerts


Malicious actors have once again found a new way to exploit unsuspecting victims. Recently, Italian cybersecurity researchers at D3Labs uncovered a disturbing trend of malware being spread to Android devices through fake volcano eruption alerts. These criminals are exploiting the IT-Alert service, a public alert system used by the Italian government to disseminate crucial information during emergency situations.

Deceptive Strategy

To lure unsuspecting victims into downloading malicious software, the cybercriminals created a deceptive website that mimicked the IT Alert service. This fake website warned users about the possibility of volcanic eruptions and the potential for a national earthquake. It urged visitors to download an app that would help them monitor the situation in their region. Importantly, this ruse was directed exclusively at Android users, as the website redirected to the actual IT Alert website when accessed via a desktop browser or an iOS device.

Read More: Israeli malware ‘Pegasus’ implanted on all iPhone devices: Report

Malicious Payload

Once a user fell for this trick and clicked on the download button, a file labeled “IT-Alert.apk” was downloaded to their device. This innocuous-seeming file, however, contained the SpyNote malware. SpyNote is a notorious strain of malware known for targeting financial institutions and is typically sold via Telegram by its creator, who goes by the alias CypherRat.

Infiltrating User Devices

After the malware is installed, it prompts users to grant permission for the app to run in the background. This seemingly innocent request opens the door to malicious actors gaining full control over the victim’s smartphone, thanks to its accessibility services. With this control, these malevolent actors can monitor, manage, and even modify the device’s resources and features, along with enabling remote access capabilities.

This insidious technique also makes it incredibly challenging for victims to uninstall the application, update already uninstalled apps, or install new ones, further complicating the removal of the malware.

Spying and Data Theft

SpyNote’s capabilities are vast and invasive. It can independently manipulate…

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FBI Warns of Rising Trend of Dual Ransomware Attacks Targeting U.S. Companies


Sep 30, 2023THNRansomware / Cyber Threat

Ransomware

The U.S. Federal Bureau of Investigation (FBI) is warning of a new trend of dual ransomware attacks targeting the same victims, at least since July 2023.

“During these attacks, cyber threat actors deployed two different ransomware variants against victim companies from the following variants: AvosLocker, Diamond, Hive, Karakurt, LockBit, Quantum, and Royal,” the FBI said in an alert. “Variants were deployed in various combinations.”

Not much is known about the scale of such attacks, although it’s believed that they happen in close proximity to one another, ranging from anywhere between 48 hours to within 10 days.

Cybersecurity

Another notable change observed in ransomware attacks is the increased use of custom data theft, wiper tools, and malware to exert pressure on victims to pay up.

“This use of dual ransomware variants resulted in a combination of data encryption, exfiltration, and financial losses from ransom payments,” the agency said. “Second ransomware attacks against an already compromised system could significantly harm victim entities.”

It’s worth noting that dual ransomware attacks are not an entirely novel phenomenon, with instances observed as early as May 2021.

Last year, Sophos revealed that an unnamed automotive supplier had been hit by a triple ransomware attack comprising Lockbit, Hive, and BlackCat over a span of two weeks between April and May 2022.

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Then, earlier this month, Symantec detailed a 3AM ransomware attack targeting an unnamed victim following an unsuccessful attempt to deliver LockBit in the target network.

The shift in tactics boils down to several contributing factors, including the exploitation of zero-day vulnerabilities and the proliferation of initial access brokers and affiliates in the ransomware landscape, who can resell access to victim systems and deploy various strains in quick succession.

Organizations are advised to strengthen their…

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2030, Cyber Security in Smart Commercial Buildings Market (New Trend) Size, Business Insights With Top Company Analysis



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Who are the important globalmanufacturers of the Cyber Security in Smart Commercial Buildings market(USD Mn and KT)?

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IBM
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Cyber Security in Smart Commercial Buildings Market Overview 2023-2030

The global Cyber Security in Smart Commercial Buildings market size was valued at USD Million in 2022 and will reach USD Million in 2028, with a CAGR of Percent during 2022-2028.

The Cyber Security in Smart Commercial Buildings market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment…

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