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In the world of insurance providers and policies, cyber insurance is a fairly new field. And many security teams are trying to wrap their heads around it.  What is it and do they need it? And with what time will they spend researching how to integrate cyber insurance into their strategy?  For small security teams, this is particularly challenging as they contend with limited resources. Luckily, there's a  new eBook  dedicated to helping small security teams better understand cyber insurance policies and how they may impact an organization's cybersecurity measures. Background In 1997, the "Internet Security Liability" (ISL) insurance policy was launched at the International Risk Insurance Management Society's convention in Honolulu. Underwritten by AIG, ISL insurance was designed to protect ecommerce retailers like Amazon that were collecting sensitive customer data and storing it on internal networks. It is credited as one of the very first cyber insurance poli...

A shortage of computer memory in the $2.4 billion Air Traffic Control System caused a Computer crash that resulted in the System collapse, according to an insider close to the incident. The problems began on 30 April, when a U-2 spy plane flew over southwestern US caused the air traffic control system that manages the airspace around Los Angeles' LAX airport, built by Lockheed Martin, to crash due to which hundreds of flight delayed or cancelled two weeks ago. " In theory, the same vulnerability could have been used by an attacker in a deliberate shut-down, " security experts told Reuters. Now that the " very basic limitation of the system " is known, experts showed concerns about the cyber-attacks . Sources claimed to Reuters that on April 30, 2014 the aircraft traffic failed to obtain the altitude information for a single U-2 spy plane which was flying over the area because a controller entered the altitude of the spook flight into the En Route Automation Moderni...

The latest Palo Alto Networks Unit 42 Cloud Threat Report found that sensitive data is found in 66% of cloud storage buckets. This data is vulnerable to ransomware attacks. The SANS Institute recently reported that these attacks can be performed by abusing the cloud provider's storage security controls and default settings. "In just the past few months, I have witnessed two different methods for executing a ransomware attack using nothing but legitimate cloud security features," warns Brandon Evans, security consultant and SANS Certified Instructor. Halcyon disclosed an attack campaign that leveraged one of Amazon S3's native encryption mechanisms, SSE-C, to encrypt each of the target buckets. A few months prior, security consultant Chris Farris demonstrated how attackers could perform a similar attack using a different AWS security feature, KMS keys with external key material, using simple scripts generated by ChatGPT. "Clearly, this topic is top-of-mind for both threat actors and ...

Malaysiakini - Malaysia's Most Popular News Website Shutdown's after cyber attack ! It has been reported that Malaysia's most popular news website Malaysiakini ( https://www.malaysiakini.com ) has been hit by cyber attack from 11 AM afternoon shutting the website down. The attack created a stir when the website stopped working just before the Sarawak election, making the website inaccessible to the readers. The attack has been diagnosed as Denial-of-service attack which is considered to prevent an Internet site or service from functioning efficiently or at all, temporarily or indefinitely. Denial-of-service attacks are considered violations of the IAB's Internet proper use policy, and also violate the acceptable use policies of virtually all Internet service providers. They also commonly constitute violations of the laws of individual nations. According to the technical team, the cyber attack has resulted in  swarming the Malaysiakini servers...

Imagine… You drive to work in your Smart-Car connected to the GPS automatically, but a hacker breaks into your car's network, takes control of the steering wheel, crashes you into a tree, and BOOM ! Believe it or not, such cyber attacks on smart devices are becoming reality. Car Hacking was recently demonstrated by a pair of security researchers who controlled a Jeep Cherokee remotely from miles away, which shows a rather severe threat to the growing market of the Internet of Things (IoT) . Internet of Things (IoT) — A technology that connects objects to a network or the Internet, and enables interaction among varied devices such as: Smart Cars Smart TVs Refrigerators Wearables Routers Other embedded computing as well as non-computing devices. Few days back, I had read about Smart Dustbins that are the latest smart objects to become Wi-Fi-enabled. Internet of Things to make Cities Smart or Dumb? Cities around the world are becoming...

You might be surprised to know that your security cameras, Internet-connected toasters and refrigerators may have inadvertently participated in the massive cyber attack that broke a large portion of the Internet on Friday. That's due to massive Distributed Denial of Service (DDoS) attacks against Dyn, a major domain name system (DNS) provider that many sites and services use as their upstream DNS provider for turning IP addresses into human-readable websites. The result we all know: Twitter, GitHub, Amazon, Netflix, Pinterest, Etsy, Reddit, PayPal, and AirBnb, were among hundreds of sites and services that were rendered inaccessible to Millions of people worldwide for several hours. Why and How the Deadliest DDoS Attack Happened It was reported that the Mirai bots were used in the massive DDoS attacks against DynDNS, but they "were separate and distinct" bots from those used to execute record-breaking DDoS attack against French Internet service and hosting...

A new report from XM Cyber has found – among other insights - a  dramatic  gap between where most organizations focus their security efforts, and where the most serious threats actually reside. The new report, Navigating the Paths of Risk: The State of Exposure Management in 2024, is based on hundreds of thousands of attack path assessments conducted by the  XM Cyber platform  during 2023. These assessments uncovered over 40 million exposures that affected millions of business-critical assets. Anonymized data regarding these exposures was then provided to the Cyentia Institute for independent analysis. To read the full report,  check it out here . Download the report to discover: Key findings on the types of exposures putting organizations at greatest risk of breach. The state of attack paths between on-prem and cloud networks. Top attack techniques seen in 2023. How to focus on what matters most, and remediate high-impact exposure risks...

By now I am sure you have already heard something about the WannaCry ransomware , and are wondering what's going on, who is doing this, and whether your computer is secure from this insanely fast-spreading threat that has already hacked nearly 200,000 Windows PCs over the weekend. The only positive thing about this attack is that — you are here — as after reading this easy-to-understandable awareness article, you would be so cautious that you can save yourself from WannaCry, as well as other similar cyber attacks in the future. Also Read — Google Researcher Finds Link Between WannaCry Attacks and North Korea . Since this widely spread ransomware attack is neither the first nor the last one to hit users worldwide, prevention is always the key to protect against such malware threats. What is WannaCry? How to Protect your Computer from WannaCry Ransomware? Follow These Simple Steps. TWEET THIS In this article, we have provided some of the most important primary secu...

Another day, another data breach. This time one of the world's "big four" accountancy firms has fallen victim to a sophisticated cyber attack. Global tax and auditing firm Deloitte has confirmed the company had suffered a cyber attack that resulted in the theft of confidential information, including the private emails and documents of some of its clients. Deloitte is one of the largest private accounting firms in the U.S. which offers tax, auditing, operations consulting, cybersecurity advisory, and merger and acquisition assistance services to large banks, government agencies and large Fortune 500 multinationals, among others. The global accountancy firm said Monday that its system had been accessed via an email platform from October last year through this past March and that "very few" of its clients had been affected, the Guardian reports . The firm discovered the cyber attack in March, but it believes the unknown attackers may have had access to i...

Hackers aligned with North Korea have always been accused of attacking and targeting South Korean organizations, financial institutions, banks and media outlets. Recent reports indicate that North Korean hackers have hacked into more than 140,000 computers of at least 160 South Korean government agencies and companies, and allegedly injected malware in the systems. The cyber attack was designed to lay for a long term period against its rival, authorities in Seoul said. The South Korean police were on high alert against cyberattacks by the North Korean hackers, especially after North Korea successfully tested a miniaturized hydrogen bomb in January and a long-range rocket launch in February, Reuters reports . According to the police, the hacking attack began in 2014 but was detected only in February this year, after North Korea managed to steal information from two companies: the SK and Hanjin Group. The documents stolen from the two companies included blueprints for the wi...

Almost 20,000 Tesco Bank customers have had their money stolen from their accounts after the banking arm of UK's biggest retailer fall victim to a hacking attack this weekend. As a result of the hack, Tesco Bank has frozen online transactions in an attempt to protect its customers from, what it described as, the " online criminal activity. " However, customers can still use their debit and credit cards for cash withdrawals and card-based payments. Tesco Bank has not disclosed any details of the cyber attack or how accounts had been compromised, but Benny Higgins, chief executive of Tesco, confirmed that the hack affected 40,000 of its 136,000 accounts, half of which had already been used to withdraw money fraudulently over the weekend. The bank would not disclose the total amount stolen from the accounts, but confirmed that the amount stolen was a " big number but not a huge number. " If you have been affected by this incident, don't worry! Higgins has apo...

As we are nearing the end of 2022, looking at the most concerning threats of this turbulent year in terms of testing numbers offers a threat-based perspective on what triggers cybersecurity teams to check how vulnerable they are to specific threats. These are the threats that were most tested to validate resilience with the  Cymulate security posture management platform  between January 1st and December 1st, 2022. Manjusaka Date published: August 2022 Reminiscent of Cobalt Strike and Sliver framework (both commercially produced and designed for red teams but misappropriated and misused by threat actors), this emerging attack framework holds the potential to be widely used by malicious actors. Written in Rust and Golang with a User Interface in Simple Chinese (see the workflow diagram below), this software is of Chinese origin. Manjusaka carries Windows and Linux implants in Rust and makes a ready-made C2 server freely available, with the possibility of creating custom im...

If you believe that your organization is not at real risk of cyber attack, then you are absolutely wrong. Incidents of massive data breaches, advanced cyber attacks coming from China , groups like Syrian Electronic Army , Hacking Point of Sale machines at retailers such as Target have splashed across the news in the last one year. Whether a Government Agency or Private Company, Small or a Large Tech Company.... ...It's no secret that No one is Immune to Cyber Attacks . This article is the first in a two-part series from The Hacker News , listing first four out of  Top 7 Brutal Cyber Attacks. And here we go... #1 "Hacking Team" Data Breach Hacking Team , the controversial spyware company, recently been hacked by some unidentified hackers that exposed over 400 gigabytes of its internal sensitive data on the Internet. Milan (Italy) based IT firm 'Hacking Team' sells intrusion and surveillance software solutions to Governments and Law Enforcement agen...