Cyber Briefing ~ 08/26/2024

Cyber Briefing ~ 08/26/2024

Halliburton Hit by Apparent Cyberattack Disrupting Systems

Oil giant Halliburton faces computer system issues reportedly linked to a cyberattack impacting operations at its Houston campus and global networks. The company activates response plans and collaborates with experts to address the situation, while the Energy Department sees no evidence of energy service disruptions.


Equiniti Shells Out $850K to SEC Over Breaches

Equiniti, a shareholder-tracking company, agrees to pay $850,000 to settle with the SEC after breaches led to a $6.6 million loss in client funds. Cyber intrusions in 2022 and 2023 involved email chain hijacking and the creation of fake accounts. Equiniti recovered $1 million and $1.6 million from the incidents, emphasizing ongoing investments in cybersecurity measures.


NIST Expands Passkey, Digital Wallet Direction in Updated Identity Guidelines Draft

NIST is seeking feedback on updated draft guidance for digital identities, which incorporates public input. The revised version includes more details on passkeys, digital wallets, and traditional identification methods to ensure secure, private, and accessible government service access.


Iranian Hackers' Expertise Revealed in Trump Campaign Cyberattack

APT42, linked to Iran's IRGC-IO, targeted Trump's campaign with advanced surveillance software, enabling call recordings and camera access. Known for physical targeting and mobile malware, the group poses a significant threat, utilizing tactics like impersonating journalists and targeting high-profile individuals.


Hack on North Miami Tests Ransom Payment Bans

A cyberattack on North Miami challenges Florida's ban on ransom payments by government entities. Services remain disrupted two weeks after the attack, highlighting the impact of such policy decisions on responding to and recovering from cyber incidents.


Halliburton Probes Impact of Cyber Attack with Law Enforcement

Top U.S. oilfield services firm Halliburton is collaborating with law enforcement to assess the severity of a recent computer systems breach. The $23-billion company is investigating the incident, working on system restoration, and evaluating the potential business impact.


Iranian Hackers Targeted Utah Oil Data in Addition to Trump Campaign

An undisclosed state law enforcement notice reveals Iranian hackers targeted Utah government sites earlier this year, aiming at oil and gas data. The group, linked to the Islamic Revolutionary Guard Corps, engaged in unsuccessful hacking attempts from March 2023 to March 2024, showcasing Iran's extensive cyber espionage activities.


U.S. Investigating Americans Who Worked With Russian State Television

The Department of Justice has launched a criminal investigation into Americans collaborating with Russian state TV networks to combat potential election interference. The FBI has conducted searches on individuals like Scott Ritter and Dimitri K. Simes, with more actions expected in the future.


FBI Director Warns of Multiple Elevated Threats Facing America

Christopher Wray highlights the challenges of various threats, including terrorism, cybercrime, Chinese espionage, and foreign election interference. He emphasizes the importance of partnerships and stresses the need for collaboration with law enforcement, the private sector, and other entities to address these complex security concerns.


Utility Cyber Experts Wary of Rapid Move to the Cloud

Electric grid experts caution that utilities could face increased cyberattack risks without cloud-based defense options. The push towards cloud technology for cybersecurity operations presents a dilemma, as the advantages of cloud-based defenses may outpace traditional in-house solutions, leaving utilities vulnerable to state-backed attackers.


Trace Machina Building Simulation Testing Platform for Safety-Critical Applications

Trace Machina, a new startup, introduces a simulation software called NativeLink to test updates for autonomous systems like self-driving cars and warehouse robots. The platform aims to prevent critical infrastructure failures caused by faulty software updates, receiving a $4.7 million seed investment for development.


US Charges Alleged Member of Russian Karakurt Ransomware Group

A 33-year-old Latvian national, Deniss Zolotarjovs, linked to the Russian ransomware group Karakurt, faces charges in a U.S. court for money laundering, financial fraud, and extortion. Zolotarjovs, accused of communicating with group members and extorting victims, is the first Karakurt member arrested and extradited to the U.S.


CISA's $524M Headquarters Slated for DHS Campus in 2027

CISA is set to consolidate its workforce in a new $524 million headquarters at the St. Elizabeths West Campus in Washington by 2027. The move aims to enhance collaboration with DHS and streamline operations for a more unified national security approach.


Marketers Grapple with Rising Data Security Threats and Collaboration Challenges

CMOs prioritize partnerships between marketing and data security teams, with 79% seeing it as crucial for safeguarding customer data. Concerns around AI's impact on data security are rising, highlighting the need for stronger collaborations and proactive security measures.


Chinese Entities Turn to Amazon Cloud and Rivals for High-End US Chips and AI

State-linked Chinese entities bypass U.S. export restrictions on advanced AI chips by accessing them through cloud services like AWS. U.S. lawmakers aim to tighten regulations as Chinese demand for computing power grows. AWS and Microsoft Azure are among the cloud providers mentioned.


Tech Groups Urge Congressional Leaders to Pass Bill on Agency Software Buying

Leading software and tech advocacy organizations call on Senate and House leaders to pass the SAMOSA Act to oversee federal agency software purchases better. The bipartisan bill aims to enhance IT spending transparency, communication, and cost-effectiveness to prevent waste and inefficiency.


Microsoft Plans September Cybersecurity Event to Discuss Changes After CrowdStrike Outage

Microsoft will host a conference in September to address the cybersecurity industry's evolution after the faulty CrowdStrike software update caused widespread Windows crashes. Discussions will include moving applications to user mode to prevent system-wide crashes, exploring eBPF technology, and promoting memory-safe programming languages like Rust.


The Mistake That Put Russian Hacker Vladislav Klyushin Behind Bars

Vladislav Klyushin's cyber scam amassed over $93 million, targeting American companies like Skechers and Snapchat. Despite being out of reach in Russia, his extravagant spending and desire to travel led to his downfall. U.S. authorities intercepted him in Switzerland after he chartered a private jet.


End of Life For Applications Is The Beginning of Life For Hackers

Many applications are approaching end-of-life status, leaving them vulnerable to cyber threats. With over 35,000 applications set to reach this stage, proactive planning and migration strategies are crucial to mitigate risks and ensure ongoing security.


A Global Treaty to Fight Cybercrime-Without Combating Mercenary Spyware

A new UN cybercrime treaty seeks to align cybercrime laws across countries but lacks adequate safeguards against state abuse of commercial spyware. The treaty obliges surveillance capabilities and data sharing that can facilitate spyware proliferation. Key provisions were fought over, showing rifts on protecting rights. The treaty misses a chance to mandate commitment to rights standards or confront digital repression.


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