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Cybersecurity breaches can be devastating for both individuals and businesses alike. While many people tend to focus on understanding how and why they were targeted by such breaches, there's a larger, more pressing question: What is the true financial impact of a cyberattack? According to research by Cybersecurity Ventures, the global cost of cybercrime is projected to reach an astonishing 10.5 trillion USD annually by 2025, which marks a dramatic increase from the 3 trillion USD reported in 2015. This sharp rise highlights a concerning trend: cybercriminals have significantly improved their methods for conducting sophisticated and successful cyberattacks over the years. According to research firm Cybersecurity Ventures, the cost of global cybercrime will reach a staggering 10.5 trillion USD annually by 2025, up from the 3 trillion USD that it was in 2015. It's clear, then, that these threat actors have found ways to pull off sophisticated and successful cyberattacks over the yea

Between crossovers - Do threat actors play dirty or desperate? In our dataset of over 11,000 victim organizations that have experienced a Cyber Extortion / Ransomware attack, we noticed that some victims re-occur. Consequently, the question arises why we observe a re-victimization and whether or not this is an actual second attack, an affiliate crossover (meaning an affiliate has gone to another Cyber Extortion operation with the same victim) or stolen data that has been travelling and re-(mis-)used. Either way, for the victims neither is good news.  But first thing's first, let's explore the current threat landscape, dive into one of our most recent research focuses on the dynamics of this ecosystem; and then explore our dataset on Law Enforcement activities in this space. Might the re-occurrence that we observe be foul play by threat actors and thus show how desperately they are trying to regain the trust of their co-offenders after disruption efforts by Law Enforcement? Or are th

The introduction of Open AI's ChatGPT was a defining moment for the software industry, touching off a GenAI race with its November 2022 release. SaaS vendors are now rushing to upgrade tools with enhanced productivity capabilities that are driven by generative AI. Among a wide range of uses, GenAI tools make it easier for developers to build software, assist sales teams in mundane email writing, help marketers produce unique content at low cost, and enable teams and creatives to brainstorm new ideas.  Recent significant GenAI product launches include Microsoft 365 Copilot, GitHub Copilot, and Salesforce Einstein GPT. Notably, these GenAI tools from leading SaaS providers are paid enhancements, a clear sign that no SaaS provider will want to miss out on cashing in on the GenAI transformation. Google will soon launch its SGE "Search Generative Experience" platform for premium AI-generated summaries rather than a list of websites.  At this pace, it's just a matter of a short time befo

Threat actors behind the Akira ransomware group have extorted approximately $42 million in illicit proceeds after breaching the networks of more than 250 victims as of January 1, 2024. "Since March 2023, Akira ransomware has impacted a wide range of businesses and critical infrastructure entities in North America, Europe, and Australia," cybersecurity agencies from the Netherlands and the U.S., along with Europol's European Cybercrime Centre (EC3),  said  in a joint alert. "In April 2023, following an initial focus on Windows systems, Akira threat actors deployed a Linux variant targeting VMware ESXi virtual machines." The double-extortion group has been observed using a C++ variant of the locker in the early stages, before shifting to a Rust-based code as of August 2023. It's worth noting that the e-crime actor is  completely different  from the Akira ransomware family that was active in 2017. Initial access to target networks is facilitated by means o

The infamous cybercrime syndicate known as FIN7 has been linked to a spear-phishing campaign targeting the U.S. automotive industry to deliver a known backdoor called Carbanak (aka Anunak). "FIN7 identified employees at the company who worked in the IT department and had higher levels of administrative rights," the BlackBerry research and intelligence team  said  in a new write-up. "They used the lure of a free IP scanning tool to run their well-known Anunak backdoor and gain an initial foothold utilizing living off the land binaries, scripts, and libraries ( LOLBAS )." FIN7, also known as Carbon Spider, Elbrus, Gold Niagara, ITG14, and Sangria Tempest, is a well-known  financially motivated e-crime group  that has a track record of striking a wide range of industry verticals to deliver malware capable of stealing information from point-of-sale (PoS) systems since 2012. In recent years, the threat actor has  transitioned  to  conducting ransomware operations ,

Super Low RPO with Continuous Data Protection: Dial Back to Just Seconds Before an Attack Zerto , a Hewlett Packard Enterprise company, can help you detect and recover from ransomware in near real-time. This solution leverages continuous data protection (CDP) to ensure all workloads have the lowest recovery point objective (RPO) possible. The most valuable thing about CDP is that it does not use snapshots, agents, or any other periodic data protection methodology. Zerto has no impact on production workloads and can achieve RPOs in the region of 5-15 seconds across thousands of virtual machines simultaneously. For example, the environment in the image below has nearly 1,000 VMs being protected with an average RPO of just six seconds! Application-Centric Protection: Group Your VMs to Gain Application-Level Control   You can protect your VMs with the Zerto application-centric approach using Virtual Protection Groups (VPGs). This logical grouping of VMs ensures that your whole applica

A previously undocumented "flexible" backdoor called  Kapeka  has been "sporadically" observed in cyber attacks targeting Eastern Europe, including Estonia and Ukraine, since at least mid-2022. The findings come from Finnish cybersecurity firm WithSecure, which attributed the malware to the Russia-linked advanced persistent threat (APT) group tracked as  Sandworm  (aka APT44 or Seashell Blizzard). Microsoft is tracking the same malware under the name KnuckleTouch. "The malware [...] is a flexible backdoor with all the necessary functionalities to serve as an early-stage toolkit for its operators, and also to provide long-term access to the victim estate," security researcher Mohammad Kazem Hassan Nejad  said . Kapeka comes fitted with a dropper that's designed to launch and execute a backdoor component on the infected host, after which it removes itself. The dropper is also responsible for setting up persistence for the backdoor either as a schedul

Threat actors are exploiting unpatched Atlassian servers to deploy a Linux variant of Cerber (aka C3RB3R) ransomware. The attacks leverage  CVE-2023-22518  (CVSS score: 9.1), a critical security vulnerability impacting the Atlassian Confluence Data Center and Server that allows an unauthenticated attacker to reset Confluence and create an administrator account. Armed with this access, a threat actor could take over affected systems, leading to a full loss of confidentiality, integrity, and availability. According to cloud security firm Cado, financially motivated cybercrime groups have been observed abusing the newly created admin account to install the Effluence web shell plugin and allow for the execution of arbitrary commands on the host. "The attacker uses this web shell to download and run the primary Cerber payload," Nate Bill, threat intelligence engineer at Cado,  said  in a report shared with The Hacker News. "In a default install, the Confluence applicati

The threat actor known as  Muddled Libra  has been observed actively targeting software-as-a-service (SaaS) applications and cloud service provider (CSP) environments in a bid to exfiltrate sensitive data. "Organizations often store a variety of data in SaaS applications and use services from CSPs," Palo Alto Networks Unit 42  said  in a report published last week. "The threat actors have begun attempting to leverage some of this data to assist with their attack progression, and to use for extortion when trying to monetize their work." Muddled Libra, also called Scatter Swine, Scattered Spider, Starfraud, and UNC3944, is a notorious cybercriminal group that has leveraged sophisticated social engineering techniques to gain initial access to target networks.  "Scattered Spider threat actors have historically evaded detection on target networks by using living off the land techniques and allowlisted applications to navigate victim networks, as well as frequen

A threat actor tracked as  TA547  has targeted dozens of German organizations with an information stealer called  Rhadamanthys  as part of an invoice-themed phishing campaign. "This is the first time researchers observed TA547 use Rhadamanthys, an information stealer that is used by multiple cybercriminal threat actors," Proofpoint  said . "Additionally, the actor appeared to use a PowerShell script that researchers suspect was generated by a large language model (LLM)." TA547 is a prolific, financially motivated threat actor that's known to be active since at least November 2017, using email phishing lures to deliver a variety of Android and Windows malware such as ZLoader, Gootkit, DanaBot, Ursnif, and even Adhubllka ransomware. In recent years, the group has  evolved  into an initial access broker (IAB) for ransomware attacks. It has also been observed employing geofencing tricks to restrict payloads to specific regions. The email messages observed as p

Cybersecurity researchers have discovered a new Raspberry Robin campaign wave that has been propagating the malware through malicious Windows Script Files ( WSFs ) since March 2024. "Historically, Raspberry Robin was known to spread through removable media like USB drives, but over time its distributors have experimented with other initial infection vectors," HP Wolf Security researcher Patrick Schläpfer  said  in a report shared with The Hacker News. Raspberry Robin, also called QNAP worm, was  first spotted  in September 2021 that has since  evolved into a downloader  for various other payloads in recent years, such as SocGholish, Cobalt Strike, IcedID, BumbleBee, and TrueBot, and also serving as a precursor for ransomware. While the malware was initially distributed by means of USB devices containing LNK files that retrieved the payload from a compromised QNAP device, it has since  adopted other methods  such as social engineering and malvertising. It's attribute

2023 CL0P Growth  Emerging in early 2019, CL0P was first introduced as a more advanced version of its predecessor the 'CryptoMix' ransomware, brought about by its owner CL0P ransomware, a cybercrime organisation. Over the years the group remained active with significant campaigns throughout 2020 to 2022. But in 2023 the CL0P ransomware gang took itself to new heights and became one of the most active and successful ransomware organizations in the world.  Capitalizing on countless vulnerabilities and exploits for some of the world's largest organizations. The presumed Russian gang took its name from the Russian word "klop," which translates to "bed bug" and is often written as "CLOP" or "cl0p". Once their victims' files are encrypted, ".clop" extensions are added to their files.  CL0P's Methods & Tactics  The CL0P ransomware gang (closely associated with the TA505. FIN11, and UNC2546 cybercrime groups) was renowned for their extremely destructive and aggressive ca