Cyber Security Update…be aware



A rash of invisible, fileless malware is infecting banks around the globe
According to research Kaspersky Lab plans to publish Wednesday, networks belonging to at least 140 banks and other enterprises have been infected by malware that relies on the same in-memory design to remain nearly invisible. Because infections are so hard to spot, the actual number is likely much higher.

“What’s interesting here is that these attacks are ongoing globally against banks themselves,” Kaspersky Lab expert Kurt Baumgartner told Ars. “The banks have not been adequately prepared in many cases to deal with this.” He went on to say that people behind the attacks are “pushing money out of the banks from within the banks,” by targeting computers that run automatic teller machines.

Experts predict a flood of denial-of-service attacks

As Internet of Things (IoT) goes mainstream Mirai-style denial-of-service botnet attacks are escalating, and hackers are targeting health care companies, financial services, and the government.

The hottest trend in cyberattacks is an archaic and simplistic hacker tool. Propelled by the rise of IoT, the popularity of denial-of-service attacks rebounded in late 2016 and early 2017. Accompanying the rapid acceleration of the IoT and connected device market, warn cybersecurity experts, will be a zombie botnet swarm of network-crippling attacks.

Denial-of-service attacks are simple but effective weapons that bring down websites and services by flooding networks with junk traffic from commandeered botnets. Digital fallout will often cripple the target and ripple across the web to knock out unaffiliated but connected services and sites. “After an attack [clients] often feel angry and violated,” said Matthew Prince, CEO of denial-of-service mitigation service CloudFlare in an interview with TechRepublic. “A distributed denial-of-service (DDoS) attack is not a sophisticated attack. It’s the functional equivalent of a caveman with a club. But a caveman with a club can do a lot of damage.”

Security flaws in Pentagon systems ‘easily’ exploited by hackers

Hackers are likely exploiting the easy-to-find vulnerabilities, according to the security researcher who warned the Pentagon of the flaws months ago. Several misconfigured servers run by the US Department of Defense (DOD) could allow hackers easy access to internal government systems, a security researcher has warned.

The vulnerable systems could allow hackers or foreign actors to launch cyberattacks through the department’s systems to make it look as though it originated from US networks. Dan Tentler, founder of cybersecurity firm Phobos Group, who discovered the vulnerable hosts, warned the flaws are so easy to find that he believes he was probably not the first person to find them.

“It’s very likely that these servers are being exploited in the wild,” he told me on the phone.

While the Pentagon is said to be aware of the vulnerable servers, it has yet to implement any fixes — more than eight months after the department was alerted.

InterContinental Hotels Group admits data breach

IHG says that payment card systems at 12 hotels are involved in the security incident.

InterContinental Hotels Group (IHG) has admitted to falling prey to cyberattackers who were able to compromise payment systems at hotels in the US and the Caribbean.

IHG is the parent company of hotel chains including Crowne Plaza, Holiday Inn, Candlewood Suites and Kimpton Hotels and Resorts, with thousands of locations worldwide. According to the conglomerate, the data breach was discovered on 28 December after an undisclosed number of clients reported unauthorized, fraudulent charges on cards previously used at a number of US hotels owned by the hotel giant.

Take heed, get protection, pay attention, check your statements, get links and alerts for your credit cards and lower the amount of alerts to $1 on credit cards. Get Identity theft protection!

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