Some of the biggest US hedge funds and law firms have been targeted by a highly sophisticated data breach and extortion campaign, conducted by a group of criminals previously known as BlackFile, experts have warned.
BlackFile (or Redact, as the group is now calling itself) has a relatively simple modus operandi, also used by ShinyHunters – they call their targets on the phone (usually employees with access to SaaS systems), identify as IT staff, and direct victims to convincing, lookalike login pages designed to steal their credentials and authentication tokens.
Once they gain access to victims’ accounts, the attackers access enterprise SaaS environments (for example, Microsoft 365 and Okta) and use automated tools to exfiltrate sensitive data. In the last step, they notify the victims and threaten to leak the data on the dark web unless a ransom is paid.
Read more…
Source: Tech Radar News
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- BlackCat malware lashes out at US defense IT contractor
October 2, 2022
The BlackCat ransomware gang, also known as ALPHV, has allegedly broken into IT firm NJVC, a provider of services to civilian US government agencies and the Department of Defense. DarkFeed, which monitors the dark web for ransomware intelligence, tweeted this week that BlackCat had added NJVC to its victims’ list, along with sharing a screenshot allegedly ...
- Singapore firms see 54 cybersecurity incidents daily, struggle to keep up
September 29, 2022
The cybersecurity threat landscape is evolving so quickly companies in Singapore are finding it tough to keep up. Half feel “inundated” by an endless stream of cyber attacks, describing this as one of their biggest work frustrations. Just 25% of cybersecurity professionals in Singapore felt “very confident” in their organisation’s ability to adapt to new threats, ...
- Australia asks FBI to help find attacker who stole data from millions of users
September 28, 2022
Australian authorities have asked the United States Federal Bureau of Investigation (FBI) to assist with investigations into the data breach at local telco Optus. Attorney general Mark Dreyfus yesterday revealed the FBI was asked to help identify the entities involved in the attack, which saw Optus leak data describing over ten million account holders. Data suspected ...
- US arm of Israeli defense giant Elbit Systems says it was hacked
September 26, 2022
Elbit Systems of America, the U.S. arm of Israeli defense contractor Elbit, says its network was compromised in early June and personal information of employees was stolen. In a breach notification filed with the Maine attorney general’s office, Elbit Systems of America said 369 employees were affected by the data breach, which included employee names, addresses, ...
- San Francisco cops can use private cameras to live-monitor ‘significant events’
September 21, 2022
San Francisco police are now set to use non-city-owned video cameras for real-time surveillance under a rule approved by the Board of Supervisors. The controversial policy allows the US West Coast city’s cops to use privately owned surveillance cameras and camera networks to conduct investigations as well as to live monitor “significant events with public safety ...
- Pentagon opens sweeping review of clandestine psychological operations
September 19, 2022
The Pentagon has ordered a sweeping audit of how it conducts clandestine information warfare after major social media companies identified and took offline fake accounts suspected of being run by the U.S. military in violation of the platforms’ rules. Colin Kahl, the undersecretary of defense for policy, last week instructed the military commands that engage in ...