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A recent study by Wing Security found that 63% of businesses may have former employees with access to organizational data, and that automating SaaS Security can help mitigate offboarding risks.  Employee offboarding is typically seen as a routine administrative task, but it can pose substantial security risks, if not handled correctly. Failing to quickly and thoroughly remove access for departing employees introduces serious insider threats, leaving a company vulnerable to multiple kinds of risks, such as data breaches, intellectual property theft, and regulatory non-compliance.  Today, where SaaS applications are easily onboarded and are commonly used by users within and beyond the organization, effective offboarding procedures are non-negotiable to prevent instances of data leaks and other cybersecurity issues. Let's explore insider risk management and user offboarding in more detail, looking at their security risks and discussing best practices for ensuring a secure or...

A never-before-seen North Korean threat actor codenamed Moonstone Sleet has been attributed as behind cyber attacks targeting individuals and organizations in the software and information technology, education, and defense industrial base sectors with ransomware and bespoke malware previously associated with the infamous Lazarus Group. "Moonstone Sleet is observed to set up fake companies and job opportunities to engage with potential targets, employ trojanized versions of legitimate tools, create a malicious game, and deliver a new custom ransomware," the Microsoft Threat Intelligence team said in a new analysis. It also characterized the threat actor as using a combination of tried-and-true techniques used by other North Korean threat actors and unique attack methodologies to meet its strategic objectives. The adversary, hitherto tracked by Redmond under the emerging cluster moniker Storm-1789, is assessed to be a state-aligned group that originally exhibited strong t...

The online criminal bazaar BreachForums has been resurrected merely two weeks after a U.S.-led coordinated law enforcement action dismantled and seized control of its infrastructure. Cybersecurity researchers and dark web trackers Brett Callow , Dark Web Informer , and FalconFeeds revealed the site's online return at breachforums[.]st – one of the dismantled sites – by a user named ShinyHunters, who has since offered for sale a 1.3 TB database containing details of allegedly 560 million Ticketmaster customers for $500,000. This includes full names, addresses, email addresses, phone numbers, ticket sales and event information, and the last four digits of credit cards and their associated expiration dates. However, in an interesting twist, visitors of the site are now being asked to sign up for an account in order to view the content. The development follows a joint law enforcement action that seized all the new domains belonging to BreachForums (breachforums[.]st/.cx/.is/....

An Indian national has pleaded guilty in the U.S. over charges of stealing more than $37 million by setting up a website that impersonated the Coinbase cryptocurrency exchange platform. Chirag Tomar, 30, pleaded guilty to wire fraud conspiracy, which carries a maximum sentence of 20 years in prison and a $250,000 fine. He was arrested on December 20, 2023, upon entering the country. "Tomar and his co-conspirators engaged in a scheme to steal millions in cryptocurrency from hundreds of victims located worldwide and in the United States, including in the Western District of North Carolina," the Department of Justice (DoJ) said last week. The website, created around June 2021, was named "CoinbasePro[.]com" in an effort to masquerade as Coinbase Pro and deceive unsuspecting users into believing that they were accessing the legitimate version of the virtual currency exchange. It's worth noting that Coinbase discontinued the offering in favor of Advanced Trade ...

You’re probably familiar with the term “critical assets”. These are the technology assets within your company's IT infrastructure that are essential to the functioning of your organization. If anything happens to these assets, such as application servers, databases, or privileged identities, the ramifications to your security posture can be severe.  But is every technology asset considered a critical asset? Moreover, is every technology asset considered a  business -critical asset? How much do we really know about the risks to our  business -critical assets?  Business-critical assets are the underlying technology assets of your business in general – and we all know that technology is just one of the 3 essential pillars needed for a successful business operation. In order to have complete cybersecurity governance, organizations should consider: 1) Technology, 2) Business processes, and 3) Key People. When these 3 pillars come togeth...