Central planning bureau finds Dutch cybersecurity at high level

Dutch businesses and the public sector are well protected against cybersecurity threats compared to other countries, according to a report from the Central Planning Bureau on the risks for cybersecurity. Dutch websites employ encryption techniques relatively often, and the ISPs take measures to limit the impact of DDoS attacks, the report said.

Small and medium-sized businesses are less active than large companies in protecting their activities, employing techniques such as data encryption less often, the CPB found. This creates risks for small business and consumers that could be avoided.

The report also found that the Dutch are more often victims of cybercrime than other forms of crime. This implies a high cost for society to ensure cybersecurity. In 2016, already 11 percent of businesses incurred costs due to a hacking attempt.

The threat of DDoS attacks will only increase in the coming years due to the growing number of IoT devices. This was already evident in the attacks against Dutch bank websites earlier this year. A further risk is that over half the most important banks in the world use the same DDoS protection service.

According to the paper Financieele Dagblad, this supplier is Akamai. The company provides DDoS protection for 16 of the 30 largest banks worldwide. The Dutch banks ABN Amro, ING and Rabobank said they were not dependent on a single provider.

The CPB report also found that the often reported shortage of qualified ICT staff is less of a threat than thought. The number of ICT students has risen 50 percent in four years and around 100,000 ICT jobs have been added in the country since 2008. Already 5 percent of all jobs are in ICT. This puts the Netherlands at the top of the pack in Europe, alongside the Nordic countries.

Source: https://www.telecompaper.com/news/central-planning-bureau-finds-dutch-cybersecurity-at-high-level–1264818

DDoS Attack on German Energy Company RWE

Protesters in Germany have been camping out at the Hambach Forest, where the German energy company RWE has plans to mine for coal. Meanwhile, it’s been reported that RWE’s website was under attack as police efforts to clear the protesters from the woods were underway.

According to Deutsche Welle, unknown attackers launched a large-scale distributed denial-of-service (DDoS), which took down RWE’s website for virtually all of Tuesday. No other systems were attacked, but efforts to clear away the protesters have been ongoing for the better part of the month, and activists have reportedly made claims that they will be getting more aggressive in their tactics.

Activists have occupied the forest in hopes of preventing RWE from moving forward with plans to expand its coal mining operations, which would effectively clear the forest. In addition to camping out in the forest, the protesters have reportedly taken to YouTube to spread their message.

Reports claim that a clip was posted last week by Anonymous Deutsch that warned, “If you don’t immediately stop the clearing of the Hambach Forest, we will attack your servers and bring down your web pages, causing you economic damage that you will never recover from,” DW reported.

“Together, we will bring RWE to its knees. This is our first and last warning,” the voice from the video reportedly added.

DDoS attacks are intended to cripple websites, and the attack on RWE allowed the activists to make good on their threat, at least for one day.

““This is yet another example that illustrates the DDoS threat to [softer targets in] CNI [critical network infrastructure].  RWE is an operator of an essential service (energy) in Germany. The lights didn’t go out but their public-facing website was offline as a result of this attack,” said Andrew Llyod, president, Corero Network Security.

In a recent DDoS report, Corero researchers found that “after facing one attack, one in five organizations will be targeted again within 24 hours.”

Source: https://www.infosecurity-magazine.com/news/ddos-attack-on-german-energy/

3 Drivers Behind the Increasing Frequency of DDoS Attacks

What’s causing the uptick? Motivation, opportunity, and new capabilities.

According to IDC Research’s recent US DDoS Prevention Survey, more than 50% of IT security decision makers said that their organization had been the victim of a distributed denial-of-service (DDoS) attack as many as 10 times in the past year. For those who experienced an attack, more than 40% lasted longer than 10 hours. This statistic correlates with our ATLAS findings, which show there were 7.5 million DDoS attacks in 2017 — a rate, says Cisco, that is increasing at roughly the same rate as Internet traffic.

What’s behind the uptick? It boils down to three factors: motivation of the attackers; the opportunity presented by inexpensive, easy-to-use attack services; and the new capabilities that Internet of Things (IoT) botnets have.

Political and Criminal Motivations
In an increasingly politically and economically volatile landscape, DDoS attacks have become the new geopolitical tool for nation-states and political activists. Attacks on political websites and critical national infrastructure services are becoming more frequent, largely because of the desire and capabilities of attackers to affect real-world events, such as election processes, while staying undiscovered.

In June, a DDoS attack was launched against the website opposing a Mexican presidential candidate during a debate. This attack demonstrated how a nation-state could affect events far beyond the boundaries of the digital realm. It threatened the stability of the election process by knocking a candidate’s website offline while the debate was ongoing. Coincidence? Perhaps. Or maybe an example of the phenomenon security experts call “cyber reflection,” when an incident in the digital realm is mirrored in the physical world.

DDoS attacks carried out by criminal organizations for financial gain also demonstrate cyber reflection, particularly for global financial institutions and other supra-national entities whose power makes them prime targets, whether for state actors, disaffected activists, or cybercriminals. While extortion on the threat of DDoS continues to be a major threat to enterprises across all vertical sectors, cybercriminals also use DDoS as a smokescreen to draw attention away from other nefarious acts, such as data exfiltration and illegal transfers of money.

Attacks Made Easy
This past April, Webstresser.org — one of the largest DDoS-as-a-service (DaaS) providers in existence, which allowed criminals to buy the ability to launch attacks on businesses and responsible for millions of DDoS attacks around the globe — was taken down in a major international investigation. The site was used by a British suspect to attack a number of large retail banks last year, causing hundreds of thousands of pounds of damage. Six suspected members of the gang behind the site were arrested, with computers seized in the UK, Holland, and elsewhere. Unfortunately, as soon as Webstresser was shut down, various other similar services immediately popped up to take its place.

DaaS services like Webstresser run rampant in the underground marketplace, and their services are often available at extremely low prices. This allows anyone with access to digital currency or other online payment processing service to launch a DDoS attack at a target of their choosing. The low cost and availability of these services provide a means of carrying out attacks both in the heat of the moment and after careful planning.

The rage-fueled, irrational DDoS-based responses of gamers against other gamers is a good example of a spur-of-the-moment, emotional attack enabled by the availability of DaaS. In other cases, the DaaS platforms may be used in hacktivist operations to send a message or take down a website in opposition to someone’s viewpoint. The ease of accessibility to DaaS services enables virtually anyone to launch a cyberattack with relative anonymity.

IoT Botnets
IoT devices are quickly brought to market at the lowest cost possible, and securing them is often an afterthought for manufacturers. The result? Most consumer IoT devices are shipped with the most basic types of vulnerabilities, including hard code/default credentials, and susceptibility to buffer overflows and command injection. Moreover, when patches are released to address these issues, they are rarely applied. Typically, a consumer plugs in an IoT device and never contemplates the security aspect, or perhaps does not understand the necessity of applying regular security updates and patches. With nearly 27 billion connected devices in 2017, expected to rise to 125 billion by 2030 according to analysis from IHS Markit, they make extremely attractive targest for malware authors.

In the latter half of 2016, a high-visibility DDoS attack against a DNS host/provider was observed, which affected a number of major online properties. The malware responsible for this attack, and many others, was Mirai. Once the source code for Mirai was published on September 30, 2016, it sparked the creation of a slew of other IoT-based botnets, which have continued to evolve significantly. Combined with the proliferation of IoT devices, and their inherent lack of security, we have witnessed a dramatic growth in both the number and size of botnets. These new botnets provide the opportunity for attackers and DaaS services to create new, more powerful, and more sophisticated attacks.

Conclusion
Today’s DDoS attacks are increasingly multivector and multilayered, employing a combination of large-scale volumetric assaults and stealth infiltration targeting the application layer. This is just the latest trend in an ever-changing landscape where attackers adapt their solutions and make use of new tools and capabilities in an attempt to evade and overcome existing defenses. Businesses need to maintain a constant vigilance on the techniques used to target them and continually evolve their defenses to industry best practices.

Source: https://www.darkreading.com/attacks-breaches/3-drivers-behind-the-increasing-frequency-of-ddos-attacks/a/d-id/1332824

Hackers behind Mirai botnet could be sentenced to working for the FBI

This comes after more than 18 months of already helping the FBI stop cyberattacks

Three young hackers went from believing they were “untouchable” to helping the FBI stop future cyberattacks.

The trio of hackers behind the Mirai botnet — one of the most powerful tools used for cyberattacks — has been working with the FBI for more than a year, according to court documents filed last week.

Now the government is recommending they be sentenced to continue assisting the FBI, instead of a maximum five years in prison and a $250,000 fine.

“By working with the FBI, the defendants assisted in thwarting potentially devastating cyberattacks and developed concrete strategies for mitigating new attack methods,” US attorneys said in a motion filed Sept. 11. “The information provided by the defendants has been used by members of the cybersecurity community to safeguard US systems and the Internet as a whole.”
Originally, a probation officer on the case recommended that all three defendants be sentenced to five years’ probation and 200 hours of community service.

Because of the hackers’ help, prosecutors have asked that the community service requirement be bumped up to 2,500 hours, which would include “continued work with the FBI on cybercrime and cybersecurity matters.”

The three defendants are set to be sentenced by a federal judge in Alaska. The sentencing plea Tuesday was earlier reported by Wired.

Hacker rehab

Governments have taken a new approach with young, first-offender hackers, in the hopes of rehabilitating them and recruiting them to help defend against future attacks. The UK offers an alternative called the “cybercrime intervention workshop,” essentially a boot camp for young hackers who have technical talent but poor judgment.

The three defendants — Josiah White, Paras Jha and Dalton Norman — were between the ages of 18 and 20 when they created Mirai, originally to take down rival Minecraft servers with distributed denial-of-service attacks.

DDoS attacks send massive amounts of traffic to websites that can’t handle the load, with the intention of shutting them down. Mirai took over hundreds of thousands of computers and connected devices like security cameras and DVRs, and directed them for cyberattacks and traffic scams.

In one conversation, Jha told White that he was “an untouchable hacker god” while talking about Mirai, according to court documents.

The botnet was capable of carrying out some of the largest DDoS attacks ever recorded, including one in 2016 that caused web outages across the internet. The three defendants weren’t behind the massive outage, but instead were selling access to Mirai and making thousands of dollars, according to court documents.

Helping the FBI

The three hackers pleaded guilty in December, but had been helping the government with cybersecurity for 18 months, even before they were charged. Prosecutors estimated they’ve worked more than 1,000 hours with the FBI — about 25 weeks in a typical workplace.

That includes working with FBI agents in Anchorage, Alaska, to find botnets and free hacker-controlled computers, and building tools for the FBI like a cryptocurrency analysis program.

In March, the three hackers helped stop the Memcached DDoS attack, a tool that was capable of blasting servers with over a terabyte of traffic to shut them down.

“The impact on the stability and resiliency of the broader Internet could have been profound,” US attorneys said in a court document. “Due to the rapid work of the defendants, the size and frequency of Memcache DDoS attacks were quickly reduced such that within a matter of weeks, attacks utilizing Memcache were functionally useless.”

According to US officials, the three hackers also last year helped significantly reduce the number of DDoS attacks during Christmas, when activity usually spikes. Along with helping the FBI, the three defendants have also worked with cybersecurity companies to identify nation-state hackers and assisted on international investigations.

Jha now works for a cybersecurity company in California while also attending school. Dalton has been continuing his work with FBI agents while attending school at the University of New Orleans, and White is working at his family’s business.

Prosecutors heavily factored their “immaturity” and “technological sophistication” as part of the decision.

“All three have significant employment and educational prospects should they choose to take advantage of them rather than continuing to engage in criminal activity,” the court documents said.

Source: https://www.cnet.com/news/hackers-behind-mirai-botnet-could-be-sentenced-to-working-for-the-fbi/

The evolution of DDoS attacks – and defences

Aatish Pattni, regional director, UK & Ireland, Link11, explores in Information Age how DDoS attacks have grown in size and sophistication over the last two decades.

What is the biggest cyber-threat to your company? In April 2018, the UK’s National Crime Agency answered that question by naming DDoS attacks as the joint leading threat facing businesses, alongside ransomware. The NCA noted the sharp increase in DDoS attacks on a range of organisations during 2017 and into 2018, and advised organisations to take immediate steps to protect themselves against the potential attacks.

It’s no surprise that DDoS is seen as such a significant business risk. Every industry sector is now reliant on web connectivity and online services. No organisation can afford to have its systems offline or inaccessible for more than a few minutes: business partners and consumers expect seamless, 24/7 access to services, and being forced offline costs a company dearly. A Ponemon Institute study found that each DDoS incident costs $981,000 on average, including factors such as lost sales and productivity, the effect on customers and suppliers, the cost of restoring IT systems, and brand damage.

So how have DDoS attacks evolved from their early iterations as stunts used by attention-seeking teens, to one of the biggest threats to business? What techniques are attackers now using, and how can organisations defend themselves?

Early days of DDoS

The first major DDoS attack to gain international attention was early in 2000, launched by a 15-year-old from Canada who called himself Mafiaboy. His campaign effectively broke the internet, restricting access to the web’s most popular sites for a full week, including Yahoo!, Fifa.com, Amazon.com, eBay, CNN, Dell, and more.

DDoS continued to be primarily a tool for pranks and small-scale digital vandalism until 2007, when a range of Estonian banking, news, and national government websites were attacked. The attack sparked nationwide riots and is widely regarded as one of the world’s first nation-state acts of cyberwar.

The technique is also successful as a diversion tactic, to draw the attention of IT and security teams while a second attack is launched: another security incident accompanies up to 75% of DDoS attacks.

Denial of service has also been used as a method of protest by activist groups including Anonymous and others, to conduct targeted take-downs of websites and online services. Anonymous has even made its attacks tools freely available for anyone to use. Recent years have also seen the rise of DDoS-on-demand services such as Webstresser.org. Before being shut down by international police, Webstresser offered attack services for as little as £11, with no user expertise required – yet the attacks were powerful enough to disrupt operations at seven of the UK’s biggest banks.

Amplified and multi-vector attacks

In October 2016, a new method for distributing DoS attacks emerged – using a network of Internet of Things (IoT) devices to amplify attacks. The first of these, the Mirai botnet infected thousands of insecure IoT devices to power the largest DDoS attack witnessed at the time, with volumes over a Terabyte. By attacking Internet infrastructure company Dyn, Mirai brought down Reddit, Etsy, Spotify, CNN and the New York Times.

This was just a signpost showing how big attacks could become. In late February 2018, developer platform Github was hit with a 1.35 Tbps attack, and days later a new record was set with an attack volume exceeding 1.7 Tbps. These massive attacks were powered by artificial intelligence (AI) and self-learning algorithms which amplified their scale, giving them the ability to disrupt the operations of any organisation, of any size.

Attacks are not only getting bigger but are increasingly multi-vector. In Q4 2017, Link11 researchers noted that attackers are increasingly combining multiple DDoS attack techniques. Over 45% of attacks used 2 or more different techniques, and for the first time, researchers saw attacks which feature up to 12 vectors. These sophisticated attacks are difficult to defend against, and even low-volume attacks can cause problems, as happened in early 2018 when online services from several Dutch banks, financial and government services were brought to a standstill.

Staying ahead of next-generation AI-based attacks

As DDoS attacks now have such massive scale and complexity, traditional DDoS defences can no longer withstand them. Firewalls, special hardware appliances and intrusion detection systems are the main pillars of protection against DDoS, but these all have major limitations. Current attack volume levels can easily overload even high-capacity firewalls or appliances, consuming so many resources that that reliable operation is no longer possible.

Extortion by DDoS

The next iteration of attackers set out to use DDoS as an extortion tool, threatening organisations with an overwhelming attack unless they meet the attacker’s demand for cryptocurrency. Notable extortionists included the original Armada Collective, which targeted banks, web hosting providers, data centre operators as well as e-commerce and online marketing agencies in Greece and Central Europe.

Between January and March 2018, Link11’s Security Operation Centre recorded 14,736 DDoS attacks, an average of 160 attacks per day, with multiple attacks exceeding 100 Gbps. Malicious traffic at these high volumes can simply flood a company’s internet bandwidth, rendering on-premise network security solutions useless.

What’s needed is to deploy a cloud-native solution that can use AI to filter, analyse, and block web traffic if necessary before it even reaches a company’s IT systems. This can be done by routing the company’s Internet traffic via an external, cloud-based protection service. With this approach, incoming traffic is subject to granular analysis, with the various traffic types being digitally ‘fingerprinted’.

Each fingerprint consists of hundreds of properties, including browser data, user behaviour, and its origin. The solution builds up an index of both normal and abnormal, or malicious traffic fingerprints. When known attack patterns are detected in a traffic flow, the attack ‘client’ is blocked immediately and automatically in the cloud, before it even reaches customers’ networks – so that only clean; legitimate traffic reaches the organisation. However, regular traffic is still allowed, enabling a business to continue unaffected, without users being aware of the filtering process.

The solution’s self-learning AI algorithms also help to identify and block attacks for which there is no current fingerprint within a matter of seconds, to minimise the impact on the organisation’s website or web services. This means each new attack helps the system improve its detection capabilities, for the benefit of all users. Furthermore, this automated approach to blocking attacks frees up IT and security teams, enabling them to focus on more strategic work without being distracted by DDoS attempts.

In conclusion, DDoS attacks will continue to evolve and grow, simply because with DDoS-for-hire services and increasingly sophisticated methods, they are relatively easy and cheap to do – and they continue to be effective in targeting organisations. But by understanding how attacks are evolving and implementing the protective measures described here, organisations will be better placed to deny DDoS attackers.

Source: https://www.information-age.com/evolution-of-ddos-123473947/

Department of Labour denies server compromise in recent cyberattack

The government department says the attack did not expose any sensitive or confidential information.

The South African Department of Labour has confirmed a recent cyberattack which disrupted the government agency’s website.

In a statement, the Department of Labour said that a distributed denial-of-service (DDoS) attack was launched against the organization’s front-facing servers over the weekend.

According to the department’s acting chief information officer Xola Monakali, the “attempt was through the external Domain Name Server (DNS) server which is sitting at the State Information Technology Agency,” and “no internal servers, systems, or client information were compromised, as they are separated with the relevant protection in place.”

The government agency has asked external cybersecurity experts to assist in the investigation.

DDoS attacks are often launched through botnets, which contain countless enslaved devices — ranging from standard PCs to IoT devices — which are commanded to flood a domain with traffic requests.

Rise in multifunctional botnets

There is a growing demand around the world for multifunctional malware that is not designed for specific purposes but is flexible enough to perform almost any task.

This was revealed by Kaspersky Lab researchers in a report on botnet activity in the first half of 2018. The research analysed more than 150 malware families and their modifications circulating through 600 000 botnets around the world.

Botnets are large ‘nets’ of compromised machines that are used by cybercriminals to carry out nefarious activities, including DDoS attacks, spreading malware or sending spam. Kaspersky botnet activity on an ongoing basis to prevent forthcoming attacks or to stop a new type of Trojan before it spreads.

It does this by employing technology that emulates a compromised , trapping the commands received from threat actors that are using the botnets to distribute malware. Researchers gain valuable malware samples and statistics in the process.

Drop in single-purpose malware

The first half of 2018 also saw the number of single-purpose pieces of malware distributed through botnets dropping significantly in comparison to the second half of 2017. In H2 2017, 22.46% of all unique malware strands were banking Trojans. This number dropped to 13.25% in the first half of this year.

Moreover, the number of spamming bots, another type of single-purpose malware distributed through botnets, decreased dramatically, from 18.93% in the second half of 2017 to 12.23% in the first half 2018. DDoS bots, yet another typical single-purpose malware, also dropped, from 2.66% to 1.99%, in the same period.

The only type of single-purpose malicious programs to demonstrate notable growth within botnet networks were miners. Even though their percentage of registered files is not comparable to highly popular multifunctional malware, their share increased two-fold and this fits in the general trend of a malicious mining boom, as noted in previous reports.

There’s a RAT in my PC

Alongside these findings, the company noted distinctive growth in malware that is more versatile, in particular Remote Access Tools (RATs) that give cyber crooks almost unlimited opportunities for exploiting infected machines.

Since H1 2017, the share of RAT files found among the malware distributed by botnets almost doubled, rising from 6.55% to 12.22%, with the Njrat, DarkComet and Nanocore varieties topping the list of the most widespread RATs.

“Due to their relatively simple structure, the three backdoors can be modified even by an amateur threat actor. This allows the malware to be adapted for distribution in a specific region,” the researchers said.

Trojans, which can also be employed for a range of purposes, did not grow as much as RATs, but unlike a lot of single-purpose malware, still increased 32.89% in H2 2017 to 34.25% in H1 2018. In a similar manner to RATs, Trojans can be modified and controlled by multiple command and control servers, for a range of nefarious activities, including cyberespionage or the theft of personal information.

Bot economy

Alexander Eremin, a security expert at Kaspersky Lab, says the reason multipurpose malware is taking the lead when it comes to botnets is clear. “Botnet ownership costs a significant amount of money and, in order to make a profit, criminals must be able to use each and every opportunity to get money out of malware. A botnet built out of multipurpose malware can change its functions relatively quickly and shift from sending spam to DDoS or to the distribution of banking Trojans.”

In addition to switching between different ‘active’ malicious activities, it also opens an opportunity for a passive income, as the owner can simply rent out their botnet to other criminals, he added.

Source: https://www.itweb.co.za/content/LPwQ57lyaoPMNgkj

Your data center’s IT is lock-tight, are the facility’s operations?

Data centers are the lifeblood of the enterprise, allowing for scale never before imagined and access to critical information and applications.

Businesses are increasingly migrating to the cloud, making the role of the data center more and more valuable. In 2017 alone, companies and funds invested more than $18 billion in data centers, both a record and nearly double that of 2016. But as much growth as this unparalleled level of computing has given SMBs to the enterprise, a level of risk remains — and data center operators often aren’t looking in the right places when identifying security threats.

As these data centers evolve, so too do the tools and techniques used by hackers – both novice and pro. Securing the physical spaces that house these critical facilities is becoming more important by the day, and operators are doing themselves a disservice by solely focusing on IT as the only line of defense against attacks. Often, the physical operation of the building is the wide-open door for a hacker to exploit, and if done correctly, can cause as much devastation as an attack on software.

Even if data center operators think their security operation is lock-tight, there still are several important considerations to ensure a holistic plan is in place. The bottom line? If these important measures haven’t been incorporated as part of a data center’s security plan and ongoing upgrades, there is risk to the entire operation.

Your physical operation is more connected

Smoke detection, CCTV, power management systems and your cooling control are all becoming increasingly more connected. The Internet of Things (IoT) has allowed building management systems to become far more advanced than ever imagined when managing the more industrial side of your operation. But as these once-mechanical and manual systems start talking, there also are far more opportunities for malicious damage.

If they aren’t already, IT and building operations must be in constant contact, updating one another about the most recent changes to either one’s systems. Without this important dialogue, processes and standards change in a vacuum and can leave back doors open for hackers.

Threats are evolving

Your security plan should too. Many times, operators are solely worried about the data inside the servers, and don’t consider external threats. Gaining access to secure and encrypted servers takes an extremely experienced and skilled hacker. However, infrastructure like HVAC or fire control sprinkler systems are far less complicated to access for a less seasoned cyber-criminal.

While a DDoS attack or breach can be dangerous, a cooling operation taken offline or activated fire sprinklers can be downright devastating. Hackers consider this low-hanging fruit, and are almost always looking to do the most damage. Consider updating your security plan with a roadmap of every physical system in place, and sit down with building operations to address potential new areas of weakness.

Consider outside advice to ensure security

No single person can be expected to be an expert on the security of all physical assets. Consulting with a third-party that understands how facilities and IT should be working together within a data center can an extremely valuable investment.

Consider this: Gartner has estimated that a single minute of network downtime costs $5,600 on average. That’s certainly not a huge sum if the interruption is only 10 minutes due to a DDoS attack, but consider the damage if servers catch fire because of a cooling system shutdown. If a data center spends weeks cleaning up physical damage to a poorly secured physical operation, the results could be devastating.

To provide true security, data center operators have to stop assuming hackers can only do damage in the zeros and ones. In reality, as systems become more advanced, true security at data centers is reliant on a close relationship between IT and facilities, making sure they frequently and accurately communicate about changes, upgrades and observations at their operations. Not doing so risks a lot more than a little downtime.

Source:https://www.helpnetsecurity.com/2018/08/29/securing-data-centers/

A DDoS Knocked Spain’s Central Bank Offline

In a distributed-denial-of-service (DDoS) attack that began on Sunday, 26 August, and extended into today, Spain’s central bank was knocked offline. While Banco de Espana struggled to fight off the attack, business operations were not disrupted, according to Reuters.

“We suffered a denial-of-service attack that intermittently affected access to our website, but it had no effect on the normal functioning of the entity,” a spokeswoman for Banco de Espana wrote in an email.

DDoS attacks interrupt services by overwhelming network resources. Spain’s central bank is a noncommercial bank, which means that it does not offer banking services online or on site, and communications with the European Central Bank were not impacted.

“Worryingly, as of Tuesday afternoon their website remained offline despite the attack having started on Sunday. Whether this was as a result of an ongoing attack, recovering from any resulting damage or as a precaution pending a forensic investigation is not clear,” said Andrew Lloyd, president, Corero Network Security.

“The recent guidance from the Bank of England (BoE) requires banks to have the cyber-resilience to ‘resist and recover’ with a heavy emphasis on ‘resist.’ The BoE guidance is a modern take on the old adage that ‘prevention is better than cure.’  Whatever protection the Bank of Spain had in place to resist a DDoS attack has clearly proven to be insufficient to prevent this outage.”

To help mitigate the risk of a DDoS attack, banks and other financial institutions can invest in real-time protection that can detect attacks before they compromise systems and impact customer service.

As of the time of writing this, the bank’s website appears to be back online.

Source: https://www.infosecurity-magazine.com/news/ddos-knocked-spains-central-bank/

Report Looks at Future Trends in Cyber Security

The Future Today Institute, an organization that provides forecasts about how emerging technology will disrupt business and transform the workforce, has once again looked into its crystal ball—and cyber security executives might not be thrilled with the predictions.

In its 2018 Tech Trends Report, the institute said organizations and individuals can expect to see more sophisticated data breaches, advanced hacker tactics, and targeted ransomware against devices in offices and homes.

Here are some of the key security-related prognostications:

  • The historical tension between security and privacy domains will unleash new challenges this year, report said. Individuals are providing more data each day, and as more connected devices enter the marketplace the volume of available data will continue to rise. But the companies making devices and managing consumer data are not planning for future scenarios, and off-the-shelf compliance checklists will not be sufficient. Managers will need to develop and constantly update their security policies and make the details transparent. Today, most organizations aren’t devoting enough budget to securing their data and devices, the report said.
  • Distributed denial of service attacks (DDoS) will increase. In the past few years the number of DDoS attacks have spiked, the report said. The U.S. was hit with 122 million DDoS attacks between April and June 2017 alone. One of the more notable DDoS incidents was a massive attack that shut down many leading Internet cites, caused by the Mirai botnet and infecting Dyn, a company that controls a large portion of the Internet domain name system infrastructure. Cyber criminals are leveraging more sophisticated tools, and that means future attacks will be larger in scope and could have greater impact.
  • Ransomware will continue to be a threat with the growth of cryptocurrencies. There was a spread of ransomware attacks, including WannaCry, Petya, and NotPetya, during 2017. In England, WannaCry shut down systems in dozens of medical centers, which resulted in hospitals diverting ambulances and 20,000 cancelled appointments. Because cash and online bank transfers are easy to track, the currency of choice for ransomware attacks is bitcoin, which moves through an encrypted system and can’t be traced. The rise of blockchain and cryptocurrencies have transformed ransomware into a lucrative business, according to the report. Just backing up data will probably not be enough of a measure against these attacks.
  • Russia will remain a big source of hacker attacks. The country is home to the world’s most gifted and prolific hackers, who are motivated both by a lack of economic opportunity and weak law enforcement, according to the report. In the past two years it has become clear that Russia’s military and government intelligence agencies are eager to put home-grown hackers to work, infiltrating the Democratic National Committee, Olympic organizations and European election commissions, it said.
  • Zero-day exploits will be on the rise. These attacks are dangerous, and finding vulnerabilities is a favorite activity of malicious hackers, the report noted. A number of zero-day exploits have been lying dormant for years—and two emerged late in 2017. A flaw found on chips made by Intel and ARM led to the realization that virtually every Intel processor shipped since 1995 was vulnerable to two new attacks called Spectre and Meltdown.
  • There will be more targeted attacks on digital assistants. Now that digital assistants such as Alexa, Siri, and Cortana have moved from the fringe to the mainstream, expect to see targeted attacks, the report said. Whether they target the assistants or their hardware (Amazon Echo, Apple HomePod, Google Home), it’s clear that the next frontier in hacking are these platforms.
  • In the wake of several hacking attacks during elections around the world, several government agencies are now making public their plans to hack offensively, according to the report. The U.K.’s National Health Service has started hiring white hat hackers to safeguard it against a ransomware attack such as WannaCry, which took the nation’s health care system offline. Singapore’s Ministry of Defense is hiring white hat hackers and security experts to look for critical vulnerabilities in its government and infrastructure systems. And in the U.S., two agencies responsible for cyberwarfare—the U.S. Cyber Command and the National Security Agency—are looking to leverage artificial intelligence (AI) as a focus for the U.S. cyber strategy.
  • Also thanks to advancements in AI, one of the big trends in security is automated hacking—software designed to out-hack human hackers. The report said the Pentagon’s research agency DARPA launched a Cyber Grand Challenge project in 2016, with a mission to design computer systems capable of beating hackers at their own game. The agency wanted to show that smarter automated systems can reduce the response time—and develop fixes in system flaws—to just a few seconds. Spotting and fixing critical vulnerabilities is a process that can take human hackers months or even years to complete, the report said.

Source: https://securityboulevard.com/2018/08/report-looks-at-future-trends-in-cyber-security/