Cyberattacks | Breaking Cybersecurity News | The Hacker News

Cybersecurity researchers have unpacked the inner workings of a new ransomware variant called Cicada3301 that shares similarities with the now-defunct BlackCat (aka ALPHV) operation. "It appears that Cicada3301 ransomware primarily targets small to medium-sized businesses (SMBs), likely through opportunistic attacks that exploit vulnerabilities as the initial access vector," cybersecurity company Morphisec said in a technical report shared with The Hacker News. Written in Rust and capable of targeting both Windows and Linux/ESXi hosts, Cicada3301 first emerged in June 2024, inviting potential affiliates to join their ransomware-as-a-service (RaaS) platform via an advertisement on the RAMP underground forum. A notable aspect of the ransomware is that the executable embeds the compromised user's credentials, which are then used to run PsExec , a legitimate tool that makes it possible to run programs remotely. Cicada3301's similarities with BlackCat also extend t

The cybersecurity threat landscape has witnessed a dramatic and alarming rise in the average ransomware payment, an increase exceeding 500%. Sophos, a global leader in cybersecurity, revealed in its annual "State of Ransomware 2024" report that the average ransom payment has increased 500% in the last year with organizations that paid a ransom reporting an average payment of $2 million, up from $400,000 in 2023. Separately, RISK & INSURANCE, a leading media source for the insurance industry reported recently that in 2023 the median ransom demand soared to $20 million in 2023 from $1.4 million in 2022, and payment skyrocketed to $6.5 million in 2023 from $335,000 in 2022, much more than 500%. This shocking surge is a testament to the increasing sophistication of cyberattacks and the significant vulnerabilities inherent in outdated security methods. The most significant factor contributing to this trend is a broad reliance on twenty-year-old, legacy Multi-Factor Authentic

For years, securing a company's systems was synonymous with securing its "perimeter." There was what was safe "inside" and the unsafe outside world. We built sturdy firewalls and deployed sophisticated detection systems, confident that keeping the barbarians outside the walls kept our data and systems safe. The problem is that we no longer operate within the confines of physical on-prem installations and controlled networks. Data and applications now reside in distributed cloud environments and data centers, accessed by users and devices connecting from anywhere on the planet. The walls have crumbled, and the perimeter has dissolved, opening the door to a new battlefield: identity . Identity is at the center of what the industry has praised as the new gold standard of enterprise security: "zero trust." In this paradigm, explicit trust becomes mandatory for any interactions between systems, and no implicit trust shall subsist. Every access request, regardless of its origin,

In today's digital landscape, traditional password-only authentication systems have proven to be vulnerable to a wide range of cyberattacks. To safeguard critical business resources, organizations are increasingly turning to multi-factor authentication (MFA) as a more robust security measure. MFA requires users to provide multiple authentication factors to verify their identity, providing an additional layer of protection against unauthorized access. However, cybercriminals are relentless in their pursuit of finding ways to  bypass MFA systems . One such method gaining traction is MFA spamming attacks, also known as MFA fatigue, or  MFA bombing . This article delves into MFA spamming attacks, including the best practices to mitigate this growing threat. What is MFA spamming? MFA spamming refers to the malicious act of inundating a target user's email, phone, or other registered devices with numerous MFA prompts or confirmation codes. The objective behind this tactic is to o

Ukrainian cybersecurity authorities have disclosed that the Russian state-sponsored threat actor known as  Sandworm  was inside telecom operator Kyivstar's systems at least since May 2023. The development was  first reported  by Reuters. The  incident , described as a "powerful hacker attack," first came to light last month, knocking out access to mobile and internet services for millions of customers. Soon after the incident, a Russia-linked hacking group called Solntsepyok took responsibility for the breach. Solntsepyok has been assessed to be a Russian threat group with affiliations to the Main Directorate of the General Staff of the Armed Forces of the Russian Federation (GRU), which also operates Sandworm. The advanced persistent threat (APT) actor has a track record of orchestrating  disruptive cyber attacks , with Denmark  accusing  the hacking outfit of targeting 22 energy sector companies last year. Illia Vitiuk, head of the Security Service of Ukraine'

Threat actors from the Democratic People's Republic of Korea (DPRK) are increasingly targeting the cryptocurrency sector as a  major revenue generation mechanism  since at least 2017 to get around sanctions imposed against the country. "Even though movement in and out of and within the country is heavily restricted, and its general population is isolated from the rest of the world, the regime's ruling elite and its highly trained cadre of computer science professionals have privileged access to new technologies and information," cybersecurity firm Recorded Future  said  in a report shared with The Hacker News. "The privileged access to resources, technologies, information, and sometimes international travel for a small set of selected individuals with promise in mathematics and computer science equips them with the necessary skills for conducting cyber attacks against the cryptocurrency industry." The disclosure comes as the U.S. Treasury Department  imp