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Muddled Libra Shifts Focus to SaaS and Cloud for Extortion and Data Theft Attacks

Muddled Libra Shifts Focus to SaaS and Cloud for Extortion and Data Theft Attacks
Apr 15, 2024 Cloud Security /SaaS Security
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 Starfraud, UNC3944, Scatter Swine, and Scattered Spider, 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

How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl

How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl
Mar 21, 2024 SaaS Security / Endpoint Security
In today's digital-first business environment dominated by SaaS applications, organizations increasingly depend on third-party vendors for essential cloud services and software solutions. As more vendors and services are added to the mix, the complexity and potential vulnerabilities within the  SaaS supply chain  snowball quickly. That's why effective vendor risk management (VRM) is a critical strategy in identifying, assessing, and mitigating risks to protect organizational assets and data integrity. Meanwhile, common approaches to vendor risk assessments are too slow and static for the modern world of SaaS. Most organizations have simply adapted their legacy evaluation techniques for on-premise software to apply to SaaS providers. This not only creates massive bottlenecks, but also causes organizations to inadvertently accept far too much risk. To effectively adapt to the realities of modern work, two major aspects need to change: the timeline of initial assessment must shorte

The Drop in Ransomware Attacks in 2024 and What it Means

The Drop in Ransomware Attacks in 2024 and What it Means
Apr 08, 2024Ransomware / Cybercrime
The  ransomware industry surged in 2023  as it saw an alarming 55.5% increase in victims worldwide, reaching a staggering 5,070.  But 2024 is starting off showing a very different picture.  While the numbers skyrocketed in Q4 2023 with 1309 cases, in Q1 2024, the ransomware industry was down to 1,048 cases. This is a 22% decrease in ransomware attacks compared to Q4 2023. Figure 1: Victims per quarter There could be several reasons for this significant drop.  Reason 1: The Law Enforcement Intervention Firstly, law enforcement has upped the ante in 2024 with actions against both LockBit and ALPHV. The LockBit Arrests In February, an international operation named "Operation Cronos" culminated in the arrest of at least three associates of the infamous LockBit ransomware syndicate in Poland and Ukraine.  Law enforcement from multiple countries collaborated to take down LockBit's infrastructure. This included seizing their dark web domains and gaining access to their backend sys

Join Our Webinar on Protecting Human and Non-Human Identities in SaaS Platforms

Join Our Webinar on Protecting Human and Non-Human Identities in SaaS Platforms
Mar 13, 2024 SaaS Security / Webinar
Identities are the latest sweet spot for cybercriminals, now heavily targeting SaaS applications that are especially vulnerable in this attack vector. The use of SaaS applications involves a wide range of identities, including human and non-human, such as service accounts, API keys, and OAuth authorizations. Consequently, any identity in a SaaS app can create an opening for cybercriminals to compromise, leading to data breaches, compliance violations, and financial losses.  Many safeguards have been developed to better protect human identities, including multi-factor identification and single sign-on (SSO). These measures can protect enterprises against attacks using stolen credentials, such as password sprays.  Protecting non-human identities is more challenging, as MFA and SSO are usually not feasible with accounts that are not associated with any individual employee. Non-human accounts are also more sensitive since they come with the high privileges needed for integration activi

WATCH: The SaaS Security Challenge in 90 Seconds

cyber security
websiteAdaptive ShieldSaaS Security / Cyber Threat
Discover how you can overcome the SaaS security challenge by securing your entire SaaS stack with SSPM.

Human vs. Non-Human Identity in SaaS

Human vs. Non-Human Identity in SaaS
Mar 07, 2024 Identity Management / Threat Detection
In today's rapidly evolving SaaS environment, the focus is on human users. This is one of the most compromised areas in SaaS security management and requires strict governance of user roles and permissions, monitoring of privileged users, their level of activity (dormant, active, hyperactive), their type (internal/ external), whether they are joiners, movers, or leavers, and more.  Not surprisingly, security efforts have mainly been human-centric. Configuration options include tools like MFA and SSO for human authentication. Role-based access control (RBAC) limits the level of access; password complexity guidelines block unauthorized humans from accessing the application. Yet, in the world of SaaS, there is no shortage of access granted to non-human actors, or in other words, 3rd party connected apps.  Service accounts, OAuth authorizations, and API keys are just a few of the non-human identities that require SaaS access. When viewed through the lens of the application, non-hum

From 500 to 5000 Employees - Securing 3rd Party App-Usage in Mid-Market Companies

From 500 to 5000 Employees - Securing 3rd Party App-Usage in Mid-Market Companies
Mar 04, 2024 SaaS Security / Vulnerability Assessment
A company's lifecycle stage, size, and state have a significant impact on its security needs, policies, and priorities. This is particularly true for modern mid-market companies that are either experiencing or have experienced rapid growth. As requirements and tasks continue to accumulate and malicious actors remain active around the clock, budgets are often stagnant at best. Yet, it is crucial to keep track of the tools and solutions that employees are introducing, the data and know-how shared through these tools, and to ensure that these processes are secure. This need is even more pronounced in today's dynamic and interconnected world, where third-party applications and solutions can be easily accessed and onboarded. The potential damage of losing control over the numerous applications with access and permissions to your data requires no explanation. Security leaders in mid-market companies face a unique set of challenges that demand a distinct approach to overcome.  To begin

6 Ways to Simplify SaaS Identity Governance

6 Ways to Simplify SaaS Identity Governance
Feb 21, 2024 SaaS Security / Identity Management
With SaaS applications now making up the vast majority of technology used by employees in most organizations, tasks related to identity governance need to happen across a myriad of individual SaaS apps. This presents a huge challenge for centralized IT teams who are ultimately held responsible for managing and securing app access, but can't possibly become experts in the nuances of the native security settings and access controls for hundreds (or thousands) of apps. And, even if they could, the sheer volume of tasks would easily bury them. Modern IT teams need a way to orchestrate and govern SaaS identity governance by engaging the application owners in the business who are most familiar with how the tool is used, and who needs what type of access.  Nudge Security is a  SaaS security and governance solution  that can help you do just that, with automated workflows to save time and make the process manageable at scale. Read on to learn how it works. 1 . Discover all SaaS apps used b

SaaS Compliance through the NIST Cybersecurity Framework

SaaS Compliance through the NIST Cybersecurity Framework
Feb 20, 2024 Cybersecurity Framework / SaaS Security
The US National Institute of Standards and Technology (NIST) cybersecurity framework is one of the world's most important guidelines for securing networks. It can be applied to any number of applications, including SaaS.  One of the challenges facing those tasked with securing SaaS applications is the different settings found in each application. It makes it difficult to develop a configuration policy that will apply to an HR app that manages employees, a marketing app that manages content, and an R&D app that manages software versions, all while aligning with NIST compliance standards.  However, there are several settings that can be applied to nearly every app in the SaaS stack. In this article, we'll explore some universal configurations, explain why they are important, and guide you in setting them in a way that improves your SaaS apps' security posture.  Start with Admins Role-based access control (RBAC) is a key to NIST adherence and should be applied to every SaaS a

How Nation-State Actors Target Your Business: New Research Exposes Major SaaS Vulnerabilities

How Nation-State Actors Target Your Business: New Research Exposes Major SaaS Vulnerabilities
Feb 15, 2024 SaaS Security / Risk Management
With many of the highly publicized 2023 cyber attacks revolving around one or more SaaS applications, SaaS has become a cause for genuine concern in many boardroom discussions. More so than ever, considering that GenAI applications are, in fact, SaaS applications. Wing Security (Wing), a SaaS security company, conducted an analysis of 493 SaaS-using companies in Q4 of 2023.  Their study reveals  how companies use SaaS today, and the wide variety of threats that result from that usage. This unique analysis provides rare and important insights into the breadth and depth of SaaS-related risks, but also provides practical tips to mitigate them and ensure SaaS can be widely used without compromising security posture.  The TL;DR Version Of SaaS Security 2023 brought some now infamous examples of malicious players leveraging or directly targeting SaaS, including the North Korean group UNC4899, 0ktapus ransomware group, and Russian Midnight Blizzard APT, which targeted well-known organizat

How a $10B Enterprise Customer Drastically Increased their SaaS Security Posture with 201% ROI by Using SSPM

How a $10B Enterprise Customer Drastically Increased their SaaS Security Posture with 201% ROI by Using SSPM
Feb 06, 2024 SaaS Security / Cyber Security
SaaS applications are the darlings of the software world. They enable work from anywhere, facilitate collaboration, and offer a cost-effective alternative to owning the software outright. At the same time, the very features that make SaaS apps so embraced – access from anywhere and collaboration – can also be exploited by threat actors. Recently, Adaptive Shield commissioned a Total Economic Impact™ (TEI) study conducted by Forrester Consulting. The study demonstrates the impactful ROI achieved by a multimedia company with an annual revenue of $10 billion. While the quantitative ROI is significant, at 201%, the qualitative security ROI improvements were substantial.  Figure 1: Summary of the TEI Study In this article, we'll examine the study's findings of how Adaptive Shield's SaaS Security Posture Management (SSPM) platform impacted this global enterprise.  Learn how a $10B media firm dramatically improved their security posture with SSPM The Organization's Top SaaS Challenges

The SEC Won't Let CISOs Be: Understanding New SaaS Cybersecurity Rules

The SEC Won't Let CISOs Be: Understanding New SaaS Cybersecurity Rules
Jan 31, 2024 SaaS Security / Regulations
The SEC isn't giving SaaS a free pass. Applicable public companies, known as "registrants," are now subject to cyber incident disclosure and cybersecurity readiness requirements for data stored in SaaS systems, along with the 3rd and 4th party apps connected to them.  The new cybersecurity mandates  make no distinction between data exposed in a breach that was stored on-premise, in the cloud, or in SaaS environments. In the SEC's own words: "We do not believe that a reasonable investor would view a significant data breach as immaterial merely because the data are housed on a cloud service." This evolving approach comes as SaaS security shortcomings continually make headlines and tech leaders debate  how the SEC may change cybersecurity  after charging both SolarWinds and its CISO with fraud.  Why SaaS and SaaS-to-SaaS Connection Risks Matter to the SEC — And To Your Organization  The perception and reality of SaaS security are, in many cases, miles apart. SaaS security leader  App
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