Cyber criminals are beginning to target Enterprise Resource Planning (ERP) applications, with the aim of disrupting and stealing data from large companies, according to reports from both security experts and the US government. According to a recent report from security companies Digital Shadows and Onapsis, hacktivists and state-sponsored groups in particular and looking to exploit flaws in platforms provided by Oracle and SAP.
The ongoing battle between cyber criminals and cyber security forces rages on, as one of the world’s largest DDoS-for-Hire websites has been taken down by Dutch police. The website was the target of Operation Power OFF, a coordinated effort by police from the Netherlands, UK, Spain, Croatia, Canada, US, Germany, Europol and several other countries. The site in question, webstresser.org, was believed to have been responsible for attacks against several of the UK’s largest banks in November 2017, as well as carrying out attacks on government websites and police forces around the world. DDoS, or Distributed-Denial-of-Service, is an attack where many online devices (such as PCs or IoT devices) are used to overwhelm a website or online service with traffic, essentially forcing them to freeze up or shut down.
Webstresser.org, the largest known DDoS-for-Hire site, was seized by Operation Power OFF, a coordinated effort from cyber police from a dozen countries.
We’ve all seen the headlines when a large multi-national corporation suffers a data breach, but are small businesses able to ‘fly under the radar’ for cyber crime? Well, according to Verizon’s annual data breach incident report, the opposite may be the case. While large organisations make headlines, the report found that 58% of data breaches actually occurred in small and medium-sized companies.
“Many small businesses don’t have the resources focused on security and training, and employees are not cognizant of being at risk,” according to the Vice President of Experian Data Breach Resolution, Michael Bruemmer. “Some of these businesses, especially startups, may have no or small revenue, but they may be processing credit cards or holding personal data for other companies, and they don’t realize they have to protect it.”
Half of all cyber attacks are currently believed to target small businesses (Source: Verizon Annual Data Breach Report)
Imagine a cyber threat that can evade the bank level cyber security…leave little trace of infection and bypass most Anti-Virus software.
Hundreds of companies around the globe including several major banks and financial institutions have reportedly been hit by a cyber security attack masquerading as a dangerous covert memory-based fileless malware. The malware has been detected in at least 40 countries worldwide (including UK, France, USA to name a few).