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A Brief Weekly Review of Top Stories that Dominated the Cyberworld

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By AMSAT Sep 17, 2021

A Brief Weekly Review of Top Stories that Dominated the Cyberworld

Cyberattacks perpetrated will no longer be taken lying down, as was clearly visible by the tone and tenor of a U.S. general. Gen. Paul Nakasone resolved that he would fight incursions that had weakened major government agencies and companies. In another striking development of the outgoing week, experts also saw cybersecurity as a major risk for airlines in the wake of 9/11 attacks. So, calling the past week as being replete with some unprecedented developments won’t be off the mark.  

 

Here’s a brief review of the major developments of the past week.

Cybersecurity Viewed as Grave Risk in Wake of 9/11

After improving their security protocols in the aftermath of the 9/11 attacks to end plane hijackings, airlines are now confronted with growing threats aimed at computers and electronic equipment crucial for their operations and safety.

 

Since the calamity two decades ago, carriers and airports have strengthened cockpits, prohibited sharp objects in carry-on luggage and upgraded technology to detect explosives.

Willie Walsh, director general of the International Air Transport Association, said: “We are more secure.”

US General Promised ‘Surge’ against Foreign-based Cyberattacks

The U.S. general who leads the country’s efforts to frustrate foreign-based cyberattacks, and punish the culprits, reveals he’s executing a “surge” to fight invasions that have incapacitated government agencies and companies responsible for vital infrastructure.

 

In an interview, Gen. Paul Nakasone said the government experts were more focused on better finding and sharing information about cyberattacks by divulging the means by which those attacks were conducted.

 

Nakasone said: “Even six months ago, we probably would have said, ‘Ransomware, that’s criminal activity. But if it has an impact on a nation, like we’ve seen, then it becomes a national security issue. If it’s a national security issue, then certainly we’re going to surge toward it.”

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    A Brief Weekly Review of Top Stories that Dominated the Cyberworld
    Posted in Uncategorized

    A Brief Weekly Review of Top Stories that Dominated the Cyberworld

    Latest Blogs

    A Brief Weekly Review of Top Stories that Dominated the Cyberworld

    By AMSAT Aug 20,2021

    A Brief Weekly Review of Top Stories that Dominated the Cyberworld

    The outgoing week saw a number of events that broke over the cybersecurity landscape like bombshells. News stories such as the Federal Board of Revenue (FBR) coming under a serious cyberattack to hackers carrying out an attack on U.S. Census Bureau in 2020, remained the core highlights of the week. 


    Here’s a brief review of the major developments of the past week.    

    FBR Comes under Serious Cyberattack

    In an unprecedented development that occurred right on the country’s Independence Day, cybercriminals conducted a cyberattack on Pakistan’s largest data center run by the Federal Board of Revenue (FBR), bringing down all the official websites and creating a crisis-like situation for the entire tax machinery.


    Immediately after the incident, the FBR’s team started migrating services, which it said was essential to facilitate the upgradation of the system in order to improve the seamless services to the clients of the revenue body.


    An FBR official said that the attack had impacted the virtual environment of the data center, adding that the hackers managed to exploit the hyper-V software by Microsoft Inc.

    An FBR official said that the attack had impacted the virtual environment of the data center, adding that the hackers managed to exploit the hyper-V software by Microsoft Inc.

     

    Brazilian National Treasury Hit by Ransomware Attack

     

    The Brazilian government revealed that a ransomware attack hit its National Treasury on 13 August. 


    A statement from finance ministry said that the early measures to control the effect of the cyberattack were quickly taken. The first evaluations have so far discovered there was no harm to the structuring systems of the National Treasury, such as the platforms pertaining to public debt administration.


    Security experts from the National Treasury were examining the ramifications of the ransomware attack, while the Federal Police had also been notified. The ministry observed new information on the event would be revealed in a timely manner and with due transparency.

    Millions of IoT Devices Exposed to Attack Due to Cloud Platform Flaw

    FireEye’s threat intelligence experts spotted a grave flaw that exposed millions of IoT devices to remote attacks.


    The vulnerability was discovered in a core component of the Kalay cloud platform for IoT devices offered by a Taiwan-based company named ThroughTek. The firm provides IoT and M2M solutions for surveillance, security, smart home, cloud storage, and consumer electronics systems.


    The experts discovered late last year that a critical flaw impacted the platform, which is used by millions of IoT devices. Since a number of the affected equipment also include video surveillance products, exploiting the flaw could let a hacker intercept live audio and video data.

    Hackers Hit Census, But Failed to Access System: Report 

    A watchdog report divulged that, during a cybersecurity attack, threat actors exploited computer servers of U.S. Census Bureau uninvolved with last year’s census, but they failed to keep access to the system.

     

    The attack occurred in January 2020 on the bureau’s remote access servers.


    The Office of Inspector General said that the Census Bureau missed opportunities to restrict its flaw to the attack and didn’t spot and report the attack in a timely manner. The bureau also failed to keep adequate system logs, which stalled the inquiry, and was using operating system no longer supported by the vendor. 

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      a-brief-weekly-review-of-top-stories-that-dominated-the-cyberworld
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      A Brief Weekly Review of Top Stories that Dominated the Cyberworld

      Latest Blogs

      a-brief-weekly-review-of-top-stories-that-dominated-the-cyberworld

      By AMSAT April 9,2021

      A Brief Weekly Review of Top Stories that Dominated the Cyberworld

      The outgoing week saw many events that made headlines. From social media giant Facebook removing over a dozen network fueling deception campaigns to a leading open-source security management company raising $75m, the world of cybersecurity was witness to a number of spectacular developments.

      Here’s a brief review of what took place in the past week.

      Google Fixed Critical Code Execution Flaw in Android

      Search engine titan Google patched more than 30 vulnerabilities in Android, including a remote code execution flaw in the System component.

       

      The code execution vulnerability, tracked as CVE-2021-0430 and impacting Android 10 and 11, was considered critical severity. The bug was patched as part of the 2021-04-01 security patch level.

      Five other flaws were addressed in the System component: three elevation of privilege and two information disclosure issues. All of these featured a severity rating of high.

      Facebook Eliminated 14 Networks Fueling False Campaigns

      Facebook announced that in March it eliminated a total of 14 networks of accounts from its online services, for spreading false content meant to manipulate public opinion.

       

      These networks, which emerged from 11 countries, included a total of 1,167 Facebook accounts and 290 Instagram accounts, as well as 255 pages and 34 groups on Facebook, the social platform announced.

      $75 Million Raised by Open-Source Security Management Firm WhiteSource

      WhiteSource, an open-source security management company, announced that it had raised $75 million in a Series D funding round.

       

      The Series C funding round was announced in October 2018, when the company secured $35 million. The latest round, which brings the total raised by the company to more than $120 million, was led by Pitango Growth, with participation from M12, Susquehanna Growth Equity, and 83North.

       

      WhiteSource, founded in 2011, has developed a product designed to help software development teams capably manage the open source components they use.

       

      WhiteSource has offices in the United States, United Kingdom and Israel, with over 800 customers worldwide, including nearly a quarter of Fortune 100 companies.

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