Weekly Cyber Risk Roundup: JobLink, $100 Million BEC Scam and Other Breaches

Third-party cybersecurity issues were once again front and center this past week as America’s JobLink, a web-based system that links jobs seekers with employers, was compromised by a malicious actor, leading to a series of data breach announcements from states that use the system. “On February 20, 2017, a hacker created a job seeker account… Read More

Webinar: IoT Devices Expanding Digital Footprints, Security Issues

We’ve seen a lot of discussion about the collective threat of the Internet-of-Things, ever since malicious actors proved in October 2016 that they could disrupt whole chunks of the Internet by stringing to together thousands of compromised smart devices and pointing them all at a single target. The distributed denial-of-service (DDoS) attack against DNS provider Dyn led to… Read More

Weekly Cyber Risk Roundup: Third-Party Breaches and Apache Struts Issues

Twitter is the week’s top trending cybercrime target after malicious actors leveraged a third-party analytics service known as Twitter Counter to hijack a number of Twitter accounts and post inflammatory messages written in Turkish along with images of Nazi swastikas. Hundreds of accounts were compromised, the Associated Press reported. Forbes magazine, the Atlanta Police Department,… Read More

Ransomware Disrupting Business Operations and Demanding Higher Payouts

Malicious actors are continually fine-tuning their tactics, and one of the best examples of this is the evolution of ransomware. Ransomware has largely been an opportunistic, rather than a targeted, form of cybercrime with the goal of infecting as many users as possible. That model has worked so effectively that extortion is now ubiquitous when it… Read More

Weekly Cyber Risk Roundup: Massive Leaks Expose CIA Secrets and Alleged Spam Operation

The week’s top trending cybercrime story was WikiLeaks’ release of more than 8,000 documents related to the U.S. Central Intelligence Agency. The dump, called “Vault 7,” contains information on the CIA’s hacking tools and methods and is “the largest ever publication of confidential documents on the agency,” according to WikiLeaks. “Recently, the CIA lost control… Read More

IRS and Cybercriminals Battle Over Billion Dollar Tax Fraud Industry

While new initiatives by the Internal Revenue Service (IRS) are making it harder for cybercriminals to successfully file fraudulent tax returns, those measures have not slowed down the theft of employee W-2 information this year. The SurfWatch Labs analyst team has observed groups of malicious actors sharing concerns about government efforts to combat fraud, as… Read More

Weekly Cyber Risk Roundup: Cloudflare Aftermath and Online Stores Breached

The Cloudflare software bug that resulted in the potential leaking of sensitive data remained as the top trending cybercrime event of the past week as researchers continued to investigate and quantify the effects of the incident. In a March 1 blog post, Cloudflare CEO Matthew Prince described the “Cloudbleed” impact as “potentially massive” and said… Read More

Fake Extortion Demands and Empty Threats on the Rise

I’ve previously written about the rise of extortion as an emerging trend for 2017, but if you didn’t want to take my word for it, you should have listened to the numerous warnings shared at this year’s RSA 2017. Cyber-extortion has become one of the primary cybersecurity-related issues facing organizations — and it appears to be here… Read More

Weekly Cyber Risk Roundup: Cloudflare Bug Discovered, Typos Lead to Theft

This week’s biggest story is the Cloudflare software bug discovered by Google researchers and disclosed Thursday that could have compromised private information such as HTTP cookies, authentication tokens, HTTP POST bodies, and other sensitive data. “The bug was serious because the leaked memory could contain private information and because it had been cached by search… Read More

Weekly Cyber Risk Roundup: Yahoo’s Value Drops and New Regulations

Yahoo is once again back in the news for a variety of reasons, including a reported third data breach. However, it appears the reports of a “new breach” stem from additional notifications that were sent to some users on Wednesday regarding forged cookies being used to access accounts. Yahoo first disclosed that it was notifying… Read More