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This article was written by Peter Gerdenitsch, Group CISO at Raiffeisen Bank International, and is based on a presentation given during Imvision's Executive Education Program, a series of events focused on how enterprises are taking charge of the API security lifecycle. Launching the "Security in Agile" program Headquartered in Vienna, Raiffeisen Bank International (RBI) operates across 14 countries in Central and Eastern Europe with around 45,000 employees. Our focus is on providing universal banking solutions to customers, as well as developing digital banking products for the retail and corporate markets. Accordingly, RBI has a substantial R&D division, making for a very large community of IT and engineering professionals all over Europe. Back in 2019, we began shifting to a product-led agile setup for RBI, introducing various security roles contributing and collaborating to achieve our strategic goals. As part of this journey, we established the security champ...

The U.S. Commerce Department on Wednesday added four companies, including Israel-based spyware companies NSO Group and Candiru , to a list of entities engaging in "malicious cyber activities." The agency said the two companies were added to the list based on evidence that "these entities developed and supplied spyware to foreign governments that used these tools to maliciously target government officials, journalists, businesspeople, activists, academics, and embassy workers." "These tools have also enabled foreign governments to conduct transnational repression, which is the practice of authoritarian governments targeting dissidents, journalists, and activists outside of their sovereign borders to silence dissent," the Commerce Department  said . Two other firms on the list include Singapore-based Computer Security Initiative Consultancy PTE. LTD . and Russia's Positive Technologies , the latter of which was already  sanctioned  by the U.S. Depa...

An analysis of new samples of BlackMatter ransomware for Windows and Linux has revealed the extent to which the operators have continually added new features and encryption capabilities in successive iterations over a three-month period. No fewer than 10 Windows and two Linux versions of the ransomware have been observed in the wild to date, Group-IB threat researcher Andrei Zhdanov said in a report shared with The Hacker News, pointing out the changes in the implementation of the  ChaCha20 encryption  algorithm used to encrypt the contents of the files. BlackMatter  emerged  in July 2021 boasting of  incorporating  the "best features of DarkSide, REvil, and LockBit" and is considered the successor to DarkSide, which has since shut down alongside REvil in the wake of law enforcement scrutiny. Operating as a ransomware-as-a-service (RaaS) model, the BlackMatter is believed to have hit more than 50 companies in the U.S., Austria, Italy, France, Brazil, am...

For most organizations today, the logs produced by their security tools and environments provide a mixed bag. On the one hand, they can be a trove of valuable data on security breaches, vulnerabilities, attack patterns, and general security insights. On the other, organizations don't have the right means to manage the massive scale of logs and data produced to derive any value from it.  Log management can quickly become a sore point, and either be forgotten or improperly managed if done manually. In turn, this reduces data transparency and leaves organizations more exposed to vulnerabilities that could have been detected. A new centralized log management module (CLM) introduced by XDR provider Cynet ( learn more here ) could help organizations lighten that load and enhance organizations' visibility into their valuable log data.  Instead of manually handling the collection, storage, and parsing of data, organizations can use CLM to enhance their log analysis, better unders...

The operators behind the Mekotio banking trojan have resurfaced with a shift in its infection flow so as to stay under the radar and evade security software, while staging nearly 100 attacks over the last three months. "One of the main characteristics […] is the modular attack which gives the attackers the ability to change only a small part of the whole in order to avoid detection," researchers from Check Point Research said in a report shared with The Hacker News. The latest wave of attacks are said to primarily target victims located in Brazil, Chile, Mexico, Peru, and Spain. The development comes after Spanish law enforcement agencies in July 2021  arrested  16 individuals belonging to a criminal network in connection with operating Mekotio and another banking malware called Grandoreiro as part of a social engineering campaign targeting financial institutions in Europe. The evolved version of the Mekotio malware strain is designed for compromising Windows systems wit...

Facebook's  newly-rebranded  parent company Meta on Tuesday announced plans to discontinue its decade-old "Face Recognition" system and delete a massive trove of more than a billion users' facial recognition templates as part of a wider initiative to limit the use of the technology across its products. The Menlo Park tech giant  described  the about-face as "one of the largest shifts in facial recognition usage in the technology's history." The shutdown, which is expected to take place over the coming weeks, will mean users who have previously opted into the setting will no longer be automatically recognized in Memories, photos and videos or see suggested tags with their name in photos and videos they may appear in. Furthermore, the company's Automatic Alt Text (AAT) tool, which creates image descriptions for visually impaired people, will no longer include the names of people identified in photos. Facebook's discontinuing of the program com...

Google has rolled out its monthly security patches for Android with fixes for 39 flaws, including a zero-day vulnerability that it said is being actively exploited in the wild in limited, targeted attacks. Tracked as CVE-2021-1048 , the zero-day bug is described as a  use-after-free vulnerability  in the kernel that can be exploited for local privilege escalation. Use-after-free issues are dangerous as it could enable a threat actor to access or referencing memory after it has been freed, leading to a " write-what-where " condition that results in the execution of arbitrary code to gain control over a victim's system. "There are indications that CVE-2021-1048 may be under limited, targeted exploitation," the company  noted  in its November advisory without revealing technical details of the vulnerability, the nature of the intrusions, and the identities of the attackers that may have abused the flaw. Also remediated in the security patch are two critical re...