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Ransomware attacks have only increased in sophistication and capabilities over the past year. From new evasion and anti-analysis techniques to stealthier variants coded in new languages, ransomware groups have adapted their tactics to effectively bypass common defense strategies.  Cyble, a renowned cyber threat intelligence company recognized for its research and findings, recently released its  Q3 Ransomware Report . This article delves into the significant developments from the third quarter of 2023, as detailed in the Q3 Ransomware Report, and offers predictions for upcoming quarters. The primary objective is to provide a comprehensive recap of the major targets, both sector-wise and by nation and region. Additionally, the article will highlight new techniques used, emphasizing major incidents and developments that potential targets should be aware of. We will also discuss anticipated trends in the future evolution of ransomware. The increased weaponization of Vulnerabilities to

LUCR-3 overlaps with groups such as Scattered Spider, Oktapus, UNC3944, and STORM-0875 and is a financially motivated attacker that leverages the Identity Provider (IDP) as initial access into an environment with the goal of stealing Intellectual Property (IP) for extortion. LUCR-3 targets Fortune 2000 companies across various sectors, including but not limited to Software, Retail, Hospitality, Manufacturing, and Telecoms. LUCR-3 does not rely heavily on malware or even scripts; instead, LUCR-3 expertly uses victims' own tools, applications, and resources to achieve their goals. At a high level, Initial Access is gained through compromising existing identities in the IDP (Okta: Identity Cloud, Azure AD / Entra, Ping Identity: PingOne). LUCR-3 uses SaaS applications such as document portals, ticketing systems, and chat applications to learn how the victim organization operates and how to access sensitive information. Using the data they gained from reconnaissance within the SaaS

The financially motivated threat actor known as  UNC3944  is pivoting to ransomware deployment as part of an expansion to its monetization strategies, Mandiant has revealed. "UNC3944 has demonstrated a stronger focus on stealing large amounts of sensitive data for extortion purposes and they appear to understand Western business practices, possibly due to the geographical composition of the group," the threat intelligence firm  said . "UNC3944 has also consistently relied on publicly available tools and legitimate software in combination with malware available for purchase on underground forums." The group, also known by the names 0ktapus, Scatter Swine, and Scattered Spider, has been active since early 2022, adopting phone-based social engineering and SMS-based phishing to obtain employees' valid credentials using bogus sign-in pages and infiltrate victim organizations, mirroring tactics adopted by another group called  LAPSUS$ . While the group originall

The volume of cybersecurity vulnerabilities is rising, with close to  30% more vulnerabilities found in 2022 vs. 2018 . Costs are also rising, with a data breach in 2023 costing  $4.45M on average vs. $3.62M in 2017 . In Q2 2023,  a total of 1386 victims were claimed  by ransomware attacks compared with just 831 in Q1 2023. The  MOVEit attack has claimed over 600 victims  so far and that number is still rising. To people working in cybersecurity today, the value of automated threat intelligence is probably pretty obvious. The rising numbers specified above, combined with the  lack of cybersecurity professionals availabl e, mean automation is a clear solution. When threat intelligence operations can be automated, threats can be identified and responded to, and with less effort on the part of engineers. However, a mistake that organizations sometimes make is assuming that once they've automated threat intelligence workflows, humans are out of the picture. They conflate automation

Microsoft on Wednesday took the lid off a "novel and distinct Russian threat actor," which it said is linked to the General Staff Main Intelligence Directorate ( GRU ) and has a "relatively low success rate." The tech giant's Threat Intelligence team, which was previously tracking the group under its emerging moniker  DEV-0586 , has graduated it to a named actor dubbed  Cadet Blizzard . "Cadet Blizzard seeks to conduct disruption, destruction, and information collection, using whatever means are available and sometimes acting in a haphazard fashion," the company  said . "While the group carries high risk due to their destructive activity, they appear to operate with a lower degree of operational security than that of longstanding and advanced Russian groups such as  Seashell Blizzard  and  Forest Blizzard ." Cadet Blizzard first came to light in January 2022 in connection with destructive cyber activity targeting Ukraine using a novel w

Today, businesses face a variety of security challenges like cyber attacks, compliance requirements, and endpoint security administration. The threat landscape constantly evolves, and it can be overwhelming for businesses to keep up with the latest security trends. Security teams use processes and security solutions to curb these challenges. These solutions include firewalls, antiviruses, data loss prevention services, and XDRs (Extended Detection and Response). Wazuh is a free and open source security platform that unifies XDR and SIEM (System Information and Event Management) capabilities. It comprises a universal security agent for event data collection from various sources and the central components for event analysis, correlation, and alerting. The central components include the Wazuh server, dashboard, and indexer. Wazuh offers a suite of modules capable of providing extended threat detection and response for on-premises and cloud workloads.  In this article, we emphasize the

Over the past few years, cybersecurity has become a major concern for businesses around the globe. With the total cost of cybercrime in 2023 forecasted to reach $8 Trillion – with a T, not a B – it's no wonder that cybersecurity is top of mind for leaders across all industries and regions. However, despite growing attention and budgets for cybersecurity in recent years, attacks have only become more common and more severe. While threat actors are becoming increasingly sophisticated and organized, this is just one piece to the puzzle in determining why cybercrime continues to rise and what organizations can do to stay secure. 🔓  Unlock the future of cybersecurity: Get ahead of the game with 2023 Cyber Security Trends Forecast ! Discover the major trends of 2022 and learn how to protect your business from emerging threats in the coming year.  ⚡  Get your insider's guide to cybersecurity now! An abundance of cyber spending, a shortage of cyber security It's easy to assume that t

We spent forty years defending ourselves as individuals. Trying to outsmart cybercriminals, outpower them, and when all our efforts failed, only then we considered banding together with our peers to outnumber them. Cybercriminals don't reinvent themselves each time. Their resources are limited, and they have a limited budget. Therefore they use playbooks to attack many people. Meaning most of the attacks are known to people and not innovative. Yet, all we hear about is one breach after another despite hundreds of millions of dollars being thrown into the industry. So if we know that teaming up and sharing information is the key, why aren't security vendors doing it? It's simple. Vendors don't want to give it to you; they want to sell it to you. Cyber Threat Intelligence: A better way to fight cybercrime  As the internet continues to expand and connect more people and devices than ever before, the need for effective cyber threat intelligence sharing has never been g

Critical infrastructure is important for societal existence, growth, and development. Societies are reliant on the services provided by critical infrastructure sectors like telecommunication, energy, healthcare, transportation, and information technology. Safety and security are necessary for the optimal operation of these critical infrastructures. Critical infrastructure is made up of digital and non-digital assets. Organizations must stay ahead of cybersecurity threats to prevent failures caused by cyber attacks on critical infrastructure. Finding ways to protect digital assets in an ever-changing landscape filled with threats is a continuous activity. Organizations must also employ efficient security solutions and best practices to stay protected and reduce the chances of compromise. Security solutions help secure and improve the visibility of an organization's threat landscape. Different solutions use different concepts and approaches. An important concept that has risen recently