Cyber Security Roundup for April 2018

The fallout from the Facebook privacy scandal rumbled on throughout April and culminated with the closure of the company at the centre of the scandal, Cambridge Analytica.

Ikea was forced to shut down its freelance labour marketplace app and website ‘TaskRabbit’ following a ‘security incident’. Ikea advised users of TaskRabbit to change their credentials if they had used them on other sites, suggesting a significant database compromise.

TSB bosses came under fire after a botch upgraded to their online banking system, which meant the Spanished owned bank had to shut down their online banking facility, preventing usage by over 5 million TSB customers. Cybercriminals were quick to take advantage of TSB’s woes.

Great Western Railway reset the passwords of more than million customer accounts following a breach by hackers, US Sun Trust reported an ex-employee stole 1.5 million bank client records, an NHS website was defaced by hackers, and US Saks, Lord & Taylor had 5 million payment cards stolen after a staff member was successfully phished by a hacker.

The UK National Cyber Security Centre (NCSC) blacklist China’s state-owned firm ZTE, warning UK telecom providers usage of ZTE’s equipment could pose a national security risk. Interestingly BT formed a research and development partnership with ZTE in 2011 and had distributed ZTE modems. The NCSC, along with the United States government, released statements accusing Russian of large-scale cyber-campaigns, aimed at compromising vast numbers of the Western-based network devices.


IBM released the 2018 X-Force Report, a comprehensive report which stated for the second year in a row that the financial services sector was the most targeted by cybercriminals, typically by sophisticated malware i.e. Zeus, TrickBot, Gootkit. NTT Security released their 2018 Global Threat Intelligence Report, which unsurprisingly confirmed that ransomware attacks had increased 350% last year.  

A concerning report by the EEF said UK manufacturer IT systems are often outdated and highly vulnerable to cyber threats, with nearly half of all UK manufacturers already had been the victim of cybercrime. An Electropages blog questioned whether the boom in public cloud service adoption opens to the door cybercriminals.

Finally, it was yet another frantic month of security updates, with critical patches released by Microsoft, Adobe, Apple, Intel, Juniper, Cisco, and Drupal.


NEWS

AWARENESS, EDUCATION AND THREAT INTELLIGENCE

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*** This is a Security Bloggers Network syndicated blog from IT Security Expert Blog authored by Dave Whitelegg. Read the original post at: http://feedproxy.google.com/~r/securityexpert/~3/ZqGf0F6jz2Q/cyber-security-roundup-for-april-2018.html