Tag: advanced persistent threats
From deepfakes to in-person fraudsters
Boeing Employees' Credit Union (BECU) is a not-for-profit credit union based in Washington, dedicated to improving the financial well-being of its members and communities. It has grown beyond serving Boeing’s employees to more than 1.5 million members and $29 billion in assets. In an exclusive interview, Sean Murphy, Chief Information Security Officer (CISO) at BECU, explains the changing cyber-threats now facing consumers. The cybersecurity challenges faced by all consumers have escalated with the growth of artificial intelligence (AI). We have witnessed the growing use of botnets, and AI is at such a stage that it can be used to attempt to gain access to accounts on an individual level. The use of virtual private networks (VPNs) simplifies this process and makes it difficult to track. Remember – while organizations are constantly monitoring for threats and attacks, the cybercriminals only have to get it right one time to cause a highly damaging breach. Advanced persistent threats (APTs) have now become a major ongoing threat. Financial institution employees are the first line of defense against cyber attackers and play a key role in protecting consumers. As such, a robust cybersecurity team and the regular training of employees is crucial.
Beware weaponized Google Ads
Cybercriminals are exploiting a previously unseen backdoor to substitute ‘malvertizing’, weaponized bogus ads to push them to the top of Google searches. The attacks are particularly dangerous to corporations of all sizes, as they are aimed squarely at in-house IT professionals, who invariably hold the keys to the organization’s digital kingdom The unknown threat actor(s) ' selection of spoofed software evidences that cybercriminals’ targets primarily consist of IT professionals, particularly those in IT security and network administration roles, according to research from Zscaler ThreatLabz. “Beginning in March of 2024, Zscaler ThreatLabz observed a threat actor weaponizing a cluster of domains masquerading as legitimate IP scanner software sites to distribute a previously unseen backdoor. The threat actor registered multiple look-alike domains…and leveraged Google Ads to push these domains to the top of search engine results targeting specific search keywords,” says Zscaler ThreatLabz.
Ransomware Attacks Decline by 11% in 2023 – February 21st
IBM X-Force released a report, disclosing that ransomware attacks declined by 11.5% in 2023, compared to 2022. IBM says the decline in ransomware attacks is largely due to the new cybercrime focus of infostealing tactics which rose by 32%. IBM X-Force's report gathered data for the report based on 150 billion daily security events from 130 countries last year.