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To cash in on a thriving market, a managed security service provider (MSSP) must navigate unprecedented competition and complex challenges. The good news is that demand is through the roof. 69% of organizations plan to boost spending on cybersecurity in 2022.  The bad news is that everyone wants a piece of the pie. MSSPs must outshine each other while fending off encroachments by traditional IT vendors and MSPs. As a result, some MSSPs are succumbing to the squeeze of low margins. Others are struggling to scale successfully.  The most successful MSSPs are taking action to improve their current financial position while laying a foundation for long-term growth. A new eBook, " Your 90-Day MSSP Plan: How to Improve Margins and Scale Up Service Delivery ," to help MSSPs understand the current cybersecurity landscape, their current position in it, what you they're well, and where they can improve the most.  This nine-step plan offers a clear path for MSSPs to boost profitab...

Highly skilled software and mobile app developers from the Democratic People's Republic of Korea (DPRK) are posing as "non-DPRK nationals" in hopes of landing freelance employment in an attempt to enable the regime's  malicious cyber intrusions . That's according to a  joint advisory  from the U.S. Department of State, the Department of the Treasury, and the Federal Bureau of Investigation (FBI) issued on Monday. Targets include financial, health, social media, sports, entertainment, and lifestyle-focused companies located in North America, Europe, and East Asia, with most of the dispatched workers situated in China, Russia, Africa, and Southeast Asia. The goal, the U.S. agencies warn, is to generate a constant stream of revenue that sidesteps international sanctions imposed on the nation and help serve its economic and security priorities, including the development of nuclear and ballistic missiles. "The North Korean government withholds up to 90 perce...

Microsoft is warning of an emerging threat targeting internet-connected cryptocurrency wallets, signaling a departure in the use of digital coins in cyberattacks. The tech giant dubbed the new threat "cryware," with the attacks resulting in the irreversible theft of virtual currencies by means of fraudulent transfers to an adversary-controlled wallet. "Cryware are information stealers that collect and exfiltrate data directly from non-custodial cryptocurrency wallets, also known as  hot wallets ," Berman Enconado and Laurie Kirk of the Microsoft 365 Defender Research Team  said  in a new report.  "Because hot wallets, unlike custodial wallets, are stored locally on a device and provide easier access to cryptographic keys needed to perform transactions, more and more threats are targeting them." Attacks of this kind are not theoretical. Earlier this year, Kaspersky  disclosed  a financially-motivated campaign staged by the North Korea-based Lazarus Gr...

The notorious Conti ransomware gang, which last month staged an attack on Costa Rican administrative systems, has threatened to "overthrow" the new government of the country. "We are determined to overthrow the government by means of a cyber attack, we have already shown you all the strength and power," the group said on its official website. "We have our insiders in your government. We are also working on gaining access to your other systems, you have no other options but to pay us." In a further attempt to increase pressure, the Russian-speaking cybercrime syndicate has raised its ransom demand to $20 million in return for a decryption key to unlock their systems. Another message posted on its dark web portal over the weekend issued a warning stating it will delete the decryption keys in a week, a move that would make it impossible for Costa Rica to recover access to the files encrypted by the ransomware. "I appeal to every resident of Costa R...

A new variant of the macOS malware tracked as UpdateAgent has been spotted in the wild, indicating ongoing attempts on the part of its authors to upgrade its functionalities. "Perhaps one of the most identifiable features of the malware is that it relies on the AWS infrastructure to host its various payloads and perform its infection status updates to the server," researchers from Jamf Threat Labs  said  in a report. UpdateAgent, first detected in late 2020, has since  evolved  into a malware dropper, facilitating the distribution of second-stage payloads such as adware while also bypassing macOS  Gatekeeper  protections. The newly discovered Swift-based dropper masquerades as Mach-O binaries named " PDFCreator " and " ActiveDirectory " that, upon execution, establish a connection to a remote server and retrieve a bash script to be executed. "The primary difference [between the two executables] is that it reaches out to a different URL from wh...