Organizations in the APAC region are not immune to the impact of the SolarWinds supply chain hack, so it's essential that they reassess their risk management practices and audit their suppliers, two security experts stress.
With ransomware continuing to fuel a massive surge in illicit profits, some experts have been calling on governments to launch offensive hacking teams to target cybercrime cartels. They're also calling for a review of cyber insurance payouts being used to fund ransoms.
Norway's privacy watchdog has proposed fining location-based dating app Grindr nearly $12 million after finding that it violated Europeans' privacy rights by sharing data with many more third parties than it had disclosed.
More breach victims are emerging as a result of exploits of an unpatched vulnerability in an aging file transfer application from Accellion. The latest announcement comes from the Australian Securities and Investments Commission, which says recent credit license applications were accessed.
North Korean hackers have been "targeting security researchers working on vulnerability research and development at different companies and organizations" to trick them into installing backdoored software that gives attackers remote access to their systems, warns Google's Threat Analysis Group.
The SolarWinds supply chain compromise has raised questions over how to detect software that has been tainted during the vendor's development and build process. A concept called verified reproducible builds could help, says David Wheeler of the Linux Foundation.
Good news on the cybercrime front: "Cryptocurrency-related crime fell significantly in 2020," compared to 2019, reports blockchain analysis firm Chainalysis. Unfortunately, in the same timeframe, ransomware profits surged 311%, stoking calls for a crackdown on ransom payments.
Intel is investigating an incident in which an unauthorized person accessed a portion of the company's latest quarterly financial report, forcing the chipmaker to release its earnings slightly earlier than planned.
The new Biden administration has pledged to hold Russia accountable for its recent "reckless and adversarial" actions and has ordered a full-scale intelligence review of the SolarWinds hack. The moves signal the importance of cybersecurity to President Biden's national security agenda.
The threat posed by software supply chain attacks is growing, but organizations can take steps to minimize the risks. Trey Herr of the Atlantic Council outlines ways to gain more insight into supply chain problems.
Zscaler's ThreatLabz research team is tracking a new botnet dubbed DreamBus that's installing the XMRig cryptominer on powerful, enterprise-class Linux and Unix systems with the goal of using their computing power to mine monero.