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Over the past few years, SaaS has developed into the backbone of corporate IT. Service businesses, such as medical practices, law firms, and financial services firms, are almost entirely SaaS based. Non-service businesses, including manufacturers and retailers, have about 70% of their software in the cloud.  These applications contain a wealth of data, from minimally sensitive general corporate information to highly sensitive intellectual property, customer records, and employee data. Threat actors have noted this shift, and are actively working to breach apps to access the data. Here are the top trends influencing the state of SaaS Security for 2024 — and what you can do about it.  Democratization of SaaS  SaaS apps have transformed the way organizations purchase and use software. Business units purchase and onboard the SaaS tools that best fit their needs. While this is empowering for business units that have long been frustrated by delays in procuring and onboardi...

The developers of the information stealer malware known as  Rhadamanthys  are actively iterating on its features, broadening its information-gathering capabilities and also incorporating a plugin system to make it more customizable. This approach not only transforms it into a threat capable of delivering "specific distributor needs," but also makes it more potent, Check Point  said  in a technical deep dive published last week. Rhadamanthys,  first documented  by ThreatMon in October 2022, has been sold under the malware-as-a-service (MaaS) model as early as September 2022 by an actor under the alias "kingcrete2022." Typically distributed through malicious websites mirroring those of genuine software that are advertised through Google ads, the malware is capable of harvesting a wide range of sensitive information from compromised hosts, including from web browsers, crypto wallets, email clients, VPN, and instant messaging apps. "Rhadamanthys represent...

Four U.S. nationals have been charged for participating in an illicit scheme that earned them more than $80 million via cryptocurrency investment scams. The defendants – Lu Zhang, 36, of Alhambra, California; Justin Walker, 31, of Cypress, California; Joseph Wong, 32, Rosemead, California; and Hailong Zhu, 40, Naperville, Illinois – have been charged with conspiracy to commit money laundering, concealment money laundering, and international money laundering. The U.S. Department of Justice (DoJ), which announced the arrests of both Zhang and Walker in connection with the fraudulent operation, said the quartet opened shell companies and bank accounts to carry out  pig butchering scams , transferring the ill-gotten funds to domestic and international financial entities. If convicted, Zhang and Walker face a maximum penalty of 20 years in prison. Their alleged co-conspirators remain at large. "The overall fraud scheme in the related pig-butchering syndicate involved at least 284...

Low-code/no-code (LCNC) and robotic process automation (RPA) have gained immense popularity, but how secure are they? Is your security team paying enough attention in an era of rapid digital transformation, where business users are empowered to create applications swiftly using platforms like Microsoft PowerApps, UiPath, ServiceNow, Mendix, and OutSystems? The simple truth is often swept under the rug. While low-code/no-code (LCNC) apps and robotic process automations (RPA) drive efficiency and agility, their dark security side demands scrutiny. LCNC application security emerges as a relatively new frontier, and even seasoned security practitioners and security teams grapple with the dynamic nature and sheer volume of citizen-developed applications. The accelerated pace of LCNC development poses a unique challenge for security professionals, underscoring the need for dedicated efforts and solutions to effectively address the security nuances of low-code development environments. Dig...

A new wave of phishing messages distributing the  QakBot  malware has been observed, more than three months after a law enforcement effort saw its infrastructure dismantled by infiltrating its command-and-control (C2) network. Microsoft, which made the discovery, described it as a low-volume campaign that began on December 11, 2023, and targeted the hospitality industry. "Targets received a PDF from a user masquerading as an IRS employee," the tech giant  said  in a series of posts shared on X (formerly Twitter). "The PDF contained a URL that downloads a digitally signed Windows Installer (.msi). Executing the MSI led to Qakbot being invoked using export 'hvsi' execution of an embedded DLL." Microsoft said that the payload was generated the same day the campaign started and that it's configured with the previously unseen version 0x500. Zscaler ThreatLabz, in a post shared on X, described the resurfaced QakBot as a 64-bit binary that utilizes AES ...

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) is  urging  manufacturers to get rid of default passwords on internet-exposed systems altogether, citing severe risks that could be exploited by malicious actors to gain initial access to, and move laterally within, organizations. In an alert published last week, the agency called out Iranian threat actors affiliated with the Islamic Revolutionary Guard Corps (IRGC) for exploiting operational technology devices with default passwords to gain access to critical infrastructure systems in the U.S. Default passwords  refer to factory default software configurations for embedded systems, devices, and appliances that are typically publicly documented and identical among all systems within a vendor's product line. As a result, threat actors could scan for internet-exposed endpoints using tools like Shodan and attempt to breach them through default passwords, often gaining root or administrative privileges to...