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SaaS applications are the darlings of the software world. They enable work from anywhere, facilitate collaboration, and offer a cost-effective alternative to owning the software outright. At the same time, the very features that make SaaS apps so embraced – access from anywhere and collaboration – can also be exploited by threat actors. Recently, Adaptive Shield commissioned a Total Economic Impact™ (TEI) study conducted by Forrester Consulting. The study demonstrates the impactful ROI achieved by a multimedia company with an annual revenue of $10 billion. While the quantitative ROI is significant, at 201%, the qualitative security ROI improvements were substantial.  Figure 1: Summary of the TEI Study In this article, we'll examine the study's findings of how Adaptive Shield's SaaS Security Posture Management (SSPM) platform impacted this global enterprise.  Learn how a $10B media firm dramatically improved their security posture with SSPM The Organization's Top SaaS Ch...

Employment agencies and retail companies chiefly located in the Asia-Pacific (APAC) region have been targeted by a previously undocumented threat actor known as  ResumeLooters  since early 2023 with the goal of stealing sensitive data. Singapore-headquartered Group-IB said the hacking crew's activities are geared towards job search platforms and the theft of resumes, with as many as 65 websites compromised between November 2023 and December 2023. The stolen files are estimated to contain 2,188,444 user data records, of which 510,259 have been taken from job search websites. Over two million unique email addresses are present within the dataset. "By using SQL injection attacks against websites, the threat actor attempts to steal user databases that may include names, phone numbers, emails, and DoBs, as well as information about job seekers' experience, employment history, and other sensitive personal data," security researcher Nikita Rostovcev  said  in a report s...

A recently disclosed server-side request forgery ( SSRF ) vulnerability impacting Ivanti Connect Secure and Policy Secure products has come under mass exploitation. The Shadowserver Foundation  said  it observed exploitation attempts originating from more than 170 unique IP addresses that aim to establish a reverse shell, among others. The attacks exploit  CVE-2024-21893  (CVSS score: 8.2), an SSRF flaw in the SAML component of Ivanti Connect Secure, Policy Secure, and Neurons for ZTA that allows an attacker to access otherwise restricted resources without authentication. Ivanti had previously divulged that the vulnerability had been exploited in targeted attacks aimed at a "limited number of customers," but cautioned the status quo could change post public disclosure. That's exactly what appears to have happened, especially following the  release  of a proof-of-concept (PoC) exploit by cybersecurity firm Rapid7 last week. The PoC involves fashioning...

The U.S. State Department said it's implementing a new policy that imposes visa restrictions on individuals who are linked to the illegal use of commercial spyware to surveil civil society members. "The  misuse of commercial spyware  threatens privacy and freedoms of expression, peaceful assembly, and association," Secretary of State Antony Blinken  said . "Such targeting has been linked to arbitrary detentions, forced disappearances, and extrajudicial killings in the most egregious of cases." The latest measures, underscoring continued efforts on part of the U.S. government to curtail the proliferation of surveillance tools, are designed to "promote accountability" for individuals involved in commercial spyware misuse. The new policy covers people who have used such tools to "unlawfully surveil, harass, suppress, or intimidate individuals," as well as those who stand to financially benefit from the misuse. It also includes the companie...

A 42-year-old Belarusian and Cypriot national with alleged connections to the now-defunct cryptocurrency exchange BTC-e is facing charges related to money laundering and operating an unlicensed money services business. Aliaksandr Klimenka , who was arrested in Latvia on December 21, 2023, was extradited to the U.S. and is currently being held in custody. If convicted, he faces a maximum penalty of 25 years in prison. BTC-e, which had been operating since 2011, was seized by law enforcement authorities in late July 2017 following the arrest of another key member  Alexander Vinnik , in Greece. The exchange is alleged to have received deposits valued at over $4 billion, with Vinnik laundering funds received from the hack of another digital exchange, Mt. Gox, through various online exchanges, including BTC-e. Court documents  allege  that the exchange was a "significant cybercrime and online money laundering entity," allowing its users to trade in bitcoin with high level...

A significant challenge within cyber security at present is that there are a lot of risk management platforms available in the market, but only some deal with cyber risks in a very good way. The majority will shout alerts at the customer as and when they become apparent and cause great stress in the process. The issue being that by using a reactive, rather than proactive approach, many risks just sit there, dormant, until an emergency happens.  'Dealing with SOC Operations for more than a decade, I have seen nearly 60 percent of SOC Incidents are repeat findings that keep re-surfacing due to underlying unmitigated Risks. Here the actors may be different, however the risk is mostly the same. This is causing significant alert fatigue.' – Deodatta Wandhekar, Head of Global SOC, SecurityHQ. Combining Frameworks and Best Practices These risks can be prevented. A platform that combines the best practices of multiple frameworks is the solution to tackle this issue.  What is NIST...

The threat actor known as Patchwork likely used romance scam lures to trap victims in Pakistan and India, and infect their Android devices with a remote access trojan called  VajraSpy . Slovak cybersecurity firm ESET said it uncovered 12 espionage apps, six of which were available for download from the official Google Play Store and were collectively downloaded more than 1,400 times between April 2021 and March 2023. "VajraSpy has a range of espionage functionalities that can be expanded based on the permissions granted to the app bundled with its code," security researcher Lukáš Štefanko  said . "It steals contacts, files, call logs, and SMS messages, but some of its implementations can even extract WhatsApp and Signal messages, record phone calls, and take pictures with the camera." As many as 148 devices in Pakistan and India are estimated to have been compromised in the wild. The malicious apps distributed via Google Play and elsewhere primarily masqueraded ...