Many of us expect complete access to our business data on our smartphone (as we would on our PC) wherever we are. With data security making national news headlines, 2017 is only likely to put increasing pressure on businesses of all sizes to take sensible precautions. The widespread media publicity surrounding the story is also likely to undermine Apple’s long-held reputation for security on Mac devices. Yesterday Lineal published guidance to all our Mac clients, advising caution over the physical security of Apple hardware, and explaining the need for users to set a new root password to temporarily secure their Mac while Apple worked on a security fix. There is, of course, a growing industry of consulting firms and data protection advisers trading on businesses’ lack of expertise and frequently, fear of being left behind.
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The report discovered that 39% of UK businesses detected an incoming cyber-attack during 2021. Phishing attacks made up a fifth of all threats identified – the most frequent type of malicious attack. The survey is used to inform government policy on digital security, educate British businesses, and ensure UK cyber space remains safe. Members of Lineal’s cybersecurity team recently ran a special training event for over a hundred UK exporters, as part of the Department for International Trade’s ‘Export Academy’ initiative.
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- Data collected across over 2,400 business and 850 charities produced some startling statistics concerning the ever-looming threat of cyber-attacks infiltrating UK businesses’ digital footprint.
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- From there, around 600GB of data (or half a million documents) were exfiltrated, with searches for sensitively-named content such as ‘passport’ and ‘confidential’.
- 3G, launched in the UK in 2003, has been replaced in recent years by faster, more reliable 4G and 5G coverage.
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First spotted on February 23rd, the 114kb ‘Hermetic Wiper’ malware gets its name from the (likely fictitious) ‘Hermetic Digital Ltd’ – a Cypriot company allegedly named on its digital certificate. The malware appears to have been circulated among a number of Ukrainian organisations, and abuses a partition management driver to begin corrupting a device’s physical drives. To mitigate this, we recommend organisations follow the NCSC’s guidance and adopt Cyber Essentials and Cyber Essentials +. The scheme requires businesses to meet or exceed an assured set of security requirements each year to protect against common forms of online crime, technology dangers and digital threats. Organisations also revealed that ransomware was being recognised as a serious digital threat with 56% of businesses stating they have installed or will be introducing a company policy to not pay ransoms to cyber criminals.
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Like that older ransomware, when this specimen infected a new machine, it immediately set about encrypting the computer’s so-called master file table—the part of a computer’s operating system that keeps track of the location of data in storage. It also encrypted every file on the machine individually; the effect was like a vandal who first puts a library’s card catalog through a shredder, then moves on to methodically pulp its books, stack by stack. But the new ransomware was distinguished from that earlier criminal code by crucial modifications—hence its name. For a technical analysis of how ransomware authors search for and avoid computers with Russian keyboards, see SecureWorks, Revil Sodinokibi Ransomware. For a contemporaneous account, I relied on interviews with researchers at CrowdStrike in 2019 and 2020.For data on ransomware payouts, I found estimates varied widely. An FBI analysis of Bitcoin wallets and ransom notes found that between October 2013 and November 2019, $144,350,000 was paid in Bitcoins to ransomware authors.
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A vulnerable device that accesses “maliciously crafted web content” would allow hackers to execute code, and even to “execute arbitrary code with kernel privileges” – essentially full access to the device. Software version controls now extend to hardware device firmware – with the definition clarified to specifying “firewall and router firmware” in particular – which was always essential, given the perimeter nature of these devices. In a rare step back, firmware on quantum ai servers, PCs and other devices has been removed from the scope. However, the NCSC emphasises that ineptitude or failure is not a barrier to the further attacks by Russia – the individuals behind the attacks are shameless, and cyber attacks remain a convenient way to highlight weaknesses from policy makers in other countries. LastPass is believed to be used by over 85,000 businesses and 30 million end users. Among the 11% of businesses that have suffered cyber crime in the last 12 months, the annual (mean) cost of an incident is now estimated to be approximately £15,300 per victim.
The breach highlights the way remote working culture has introduced significant new digital risks – such as the danger of home users accessing work data, resources and applications on devices that sit ‘outside’ of company cyber security protections. Using a public USB port to transfer malware to a device, such as a computer, tablet, or smartphone, allows hackers to obtain sensitive data on the device, such as usernames and passwords, hijack email accounts, steal funds from online accounts, and much more. As mentioned above, Web 3.0’s features provide a more seamless online trading experience, with faster transactions enabled by its decentralisation and blockchain technology. Web 3.0 technology will only encourage greater use of DeFi in online financial markets, potentially leaving banks and other external authorities behind.
