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As cyber threats keep on increasing in volume and sophistication, more and more organizations acknowledge that outsourcing their security operations to a 3rd-party service provider is a practice that makes the most sense. To address this demand, managed security services providers (MSSPs) and managed service providers (MSPs) continuously search for the right products that would empower their teams to deliver high-quality and scalable services. Cynet 360 Autonomous Breach Protection platform offers a multitenant security solution for MSSP/MSP, providing automated, all-in-one products that include a robust SOAR layer, on top of attack prevention and detection. (Learn more about  Cynet's partner program for MSPs and MSSPs  here). Service providers typically have a skilled security team at their disposal. The challenge is how to leverage this skill to serve as many customers as possible without compromising on the quality of the service. That makes each minute of each team mem...

Hackers have siphoned $611 million worth of cryptocurrencies from a blockchain-based financial network in what's believed to be one of the largest heists targeting the digital asset industry, putting it ahead of breaches targeting exchanges Coincheck and Mt. Gox in recent years. Poly Network, a China-based cross-chain decentralized finance (DeFi) platform for swapping tokens across multiple blockchains such as Bitcoin and Ethereum, on Tuesday  disclosed  unidentified actors had exploited a vulnerability in its system to plunder thousands of digital tokens such as Ether. "The hacker exploited a vulnerability between contract calls," Poly Network said.  The stolen Binance Chain, Ethereum, and Polygon assets are said to have been transferred to three different wallets, with the company urging miners of affected blockchain and centralized crypto exchanges to blocklist tokens coming from the addresses. The three wallet addresses are as follows -  Ethereum: 0xC8a6...

Adobe on Tuesday shipped  security updates  to remediate multiple critical vulnerabilities in its Magento e-commerce platform that could be abused by an attacker to execute arbitrary code and take control of a vulnerable system. The  issues  affect 2.3.7, 2.4.2-p1, 2.4.2, and earlier versions of Magento Commerce, and 2.3.7, 2.4.2-p1, and all prior versions of Magento Open Source edition. Of the 26 flaws addressed, 20 are rated critical, and six are rated Important in severity. None of the vulnerabilities fixed this month by Adobe are listed as publicly known or under active attack at the time of release. The most concerning of the bugs are as follows - CVE-2021-36021, CVE-2021-36024, CVE-2021-36025, CVE-2021-36034, CVE-2021-36035, CVE-2021-36040, CVE-2021-36041, and CVE-2021-36042  (CVSS score: 9.1) - Arbitrary code execution due to improper input validation CVE-2021-36022 and CVE-2021-36023  (CVSS score: 9.1) - Arbitrary code execution due to OS com...

SaaS Adoption is Skyrocketing, Resilience Hasn't Kept Pace SaaS platforms have revolutionized how businesses operate. They simplify collaboration, accelerate deployment, and reduce the overhead of managing infrastructure. But with their rise comes a subtle, dangerous assumption: that the convenience of SaaS extends to resilience. It doesn't. These platforms weren't built with full-scale data protection in mind . Most follow a shared responsibility model — wherein the provider ensures uptime and application security, but the data inside is your responsibility. In a world of hybrid architectures, global teams, and relentless cyber threats, that responsibility is harder than ever to manage. Modern organizations are being stretched across: Hybrid and multi-cloud environments with decentralized data sprawl Complex integration layers between IaaS, SaaS, and legacy systems Expanding regulatory pressure with steeper penalties for noncompliance Escalating ransomware threats and inside...

Microsoft on Tuesday rolled out  security updates  to address a total of 44 security issues affecting its software products and services, one of which it says is an actively exploited zero-day in the wild. The update, which is the smallest release since December 2019, squashes seven Critical and 37 Important bugs in Windows, .NET Core & Visual Studio, Azure, Microsoft Graphics Component, Microsoft Office, Microsoft Scripting Engine, Microsoft Windows Codecs Library, Remote Desktop Client, among others. This is in addition to  seven security flaws  it patched in the Microsoft Edge browser on August 5. Chief among the patched issues is  CVE-2021-36948  (CVSS score: 7.8), an elevation of privilege flaw affecting Windows Update Medic Service — a service that enables remediation and protection of Windows Update components — which could be abused to run malicious programs with escalated permissions. Microsoft's Threat Intelligence Center has been credite...

A Chinese cyber espionage group has been linked to a string of intrusion activities targeting Israeli government institutions, IT providers, and telecommunications companies at least since 2019, with the hackers masquerading themselves as Iranian actors to mislead forensic analysis. FireEye's Mandiant threat intelligence arm attributed the campaign to an operator it tracks as "UNC215", a Chinese espionage operation that's believed to have singled out organizations around the world dating back as far as 2014, linking the group with "low confidence" to an advanced persistent threat (APT) widely known as  APT27 , Emissary Panda, or Iron Tiger. "UNC215 has compromised organizations in the government, technology, telecommunications, defense, finance, entertainment, and health care sectors," FireEye's Israel and U.S. threat intel teams  said  in a report published today. "The group targets data and organizations which are of great interest ...

Unidentified threat actors are actively exploiting a critical authentication bypass vulnerability to hijack home routers as part of an effort to co-opt them to a Mirai-variant botnet used for carrying out DDoS attacks, merely two days after its public disclosure. Tracked as  CVE-2021-20090  (CVSS score: 9.9), the  weakness  concerns a  path traversal vulnerability  in the web interfaces of  routers with Arcadyan firmware  that could allow unauthenticated remote attackers to bypass authentication. Disclosed by Tenable on August 3, the issue is believed to have existed for at least 10 years, affecting at least 20 models across 17 different vendors, including Asus, Beeline, British Telecom, Buffalo, Deutsche Telekom, Orange, Telstra, Telus, Verizon, and Vodafone. Successful exploitation of the vulnerability could enable an attacker to circumvent authentication barriers and potentially gain access to sensitive information, including valid request...

A critical vulnerability has been disclosed in hardware random number generators used in billions of Internet of Things (IoT) devices whereby it fails to properly generate random numbers, thus undermining their security and putting them at risk of attacks. "It turns out that these 'randomly' chosen numbers aren't always as random as you'd like when it comes to IoT devices," Bishop Fox researchers Dan Petro and Allan Cecil  said  in an analysis published last week. "In fact, in many cases, devices are choosing encryption keys of 0 or worse. This can lead to a catastrophic collapse of security for any upstream use." Random number generation ( RNG ) is a  crucial process  that undergirds several cryptographic applications, including key generation, nonces, and salting. On traditional operating systems, it's derived from a cryptographically secure pseudorandom number generator (CSPRNG) that uses entropy obtained from a high-quality seed source. ...