Trend Micro, one of the largest cyber security firms in the world, has released their annual security roundup report, and the results show some alarming trends. With the GDPR upcoming, cyber criminals have been refining their techniques in order to increase their financial gains, moving away from exploit kits which can be an unpredictable earner, to more reliable tactics such as business email compromise, phishing and spam, ransomware, and the relatively new threat to businesses, malicious crypto-currency mining.
2018 certainly knows how to make an entrance. The Christmas turkey has barely been finished and we’re told that nearly every electronic device on the planet with an Intel processor (from servers to PCs, smart devices and more) are susceptible to not one, but possibly two of the worst critical hardware related flaws ever known (Meltdown & Spectre). Flaws that can allow a hacker to steal your data without a hint of detection. In cases like these we often hear “but I have the latest next generation antivirus software”, but it’s not going to help you here I’m afraid. “And I have the latest next generation firewall and a state of the art SIEM solution just installed” – no good for fixing this either. You may even be really good and have your staff trained in security awareness and your systems backed up offsite – but unfortunately neither will address the root cause of this global issue. Even Santa couldn’t help fix this one – that’s how serious this is.
The hardware flaws have been aptly named “Meltdown” and “Spectre”. They sound like something straight out of a James Bond spy movie – and to be honest – the names aren’t far off, given if exploited, spying on you is exactly what a hacker could do. Predictions have already come in from experts that this could be the biggest disaster in IT history, and similar to the KRACK WiFi vulnerability of last year, Meltdown and Spectre could take years to fully fix. While important workarounds are available in some cases and must be put in place (see below) , only a hardware redesign in processor architecture will truly lay these bugs to rest.
To make matters worse, now that the crafty hackers know about it and with the EU GDPR data protection regulation coming into force on the 25th May – we predict, this year is going to see some considerable cyber-attacks that will try to take advantage of at least one of these flaws which may result in some pretty serious data breaches and some serious GDPR related fines. Its time like these one would think “Why did we ever go paperless?”.
Dublin Zoo has admitted it has been hit by a scam in which cyber criminals were reportedly able to steal up to €500,000. The zoo has stated that they are cooperating with the Garda National Economic Crime Bureau in a case of invoice redirect fraud. While neither the Gardaí nor Dublin Zoo revealed the amount of money taken, sources have reported that it was up to €500,000, most of which was successfully recovered.
Reports indicate that Dublin Zoo may have lost up to €500,000 through the scam, with an estimated €130,000 remaining at large overseas.
A macro is a small piece of code that runs within a software program such as Microsoft Word or Excel, and is normally used to automate common or repetitive tasks. Macro malware is the practice of hiding a virus in a macro code and enticing unsuspecting users into downloading a Word or Excel file and running the macro script within, which then will download a virus, malware or even ransomware onto that person’s PC. Macro malware was common during the 1990s, but lapsed in popularity through most of the 21st century as increasingly savvy PC users learned how to spot the spam or phishing emails that delivered them, which were often riddled with typos. Nowadays, however, macro malware is seeing a big return due to two factors – Phishing emails are becoming increasingly sophisticated and no longer have obvious typos in them, and ransomware – a very profitable form of malware for criminals – can be easily downloaded via a macro, leading to entire networks being encrypted and held to ransom. It is now critical that all users understand the threats that macro malware can pose, particularly to their organisation, and learn how to spot the attacks before it’s too late.
Excel files are a common means of transmission for macro malware, which can download ransomware to infect entire networks at a time
Traditionally, cyber security has been seen as an IT department’s problem. They make sure everyone has antivirus on their PCs and take care of the firewall – and as long as they’re doing it right, then everyone else is safe… right? This has lulled users and business owners into a false sense of security of late, believing that cyber security simply isn’t their area or that it’s not in their job description. However, this attitude is now being taken advantage of in a big way by cyber criminals, who have discovered that individual users are much easier to target and deceive. As a result, users often takes actions which inadvertently allows the hackers to bypass the IT security systems. Traditional antivirus is dead, and even more advanced next-generation antivirus simply can’t stop the most deadly attacks. Now, everyone in an organisation has a part to play in keeping it secure, from the bottom all the way up to the CEO.