Catch up on last week's cybersecurity news

The big story of the week came on Friday when Office 365 users throughout Europe and Asia were left without access to email. This week also saw lots of headlines surrounding breach reports and analysis. The Breach Level Index revealed 2.6 billion records were stolen and Verizon’s annual Data Breach Investigations Report found that ransomware was found in 39% of malware-related data breaches.

  1. Microsoft email and Office 365 back after global outage, MediaPost
    • Microsoft Office 365 is up and running after an outage on Friday that left users without email throughout Europe and the Asia-Pacific. Account holders who tried to access email reportedly were informed: “Service is temporarily unavailable. Please retry later.”
  2. Psych! colleges teach phishing lesson by targeting their own, U.S. News and World Report
    • Thousands of university students and employees targeted by email phishing schemes this year have taken the bait. Fortunately, they were duped by their own schools — in simulations meant to make them more adept at spotting real threats.  When Ohio State University did its first student-focused phishing in January — a strategy also used in the corporate world — over 18 percent of the recipients clicked through. 
  3. Phishing attacks against mobile devices rise 85 percent annually, CyberScoop
    • Hackers are increasingly targeting ubiquitous mobile devices and victims are readily falling for it. The rate at which victims are falling for phishing attacks on mobile has increased andaverage of 85 percent every year since 2011, according to new research from the mobile security company Lookout.
  4. 2.6 billion records were stolen, lost or exposed worldwide in 2017, Help Net Security
    • Gemalto released findings of the Breach Level Index, revealing that 2.6 billion records were stolen, lost or exposed worldwide in 2017, an 88 percent increase from 2016. While data breach incidents decreased by 11 percent, 2017 was the first year publicly disclosed breaches surpassed more than two billion compromised data records since the Breach Level Index began tracking data breaches in 2013.
  5. Four out of five ransomware victims would pay the ransom again, Bleeping Computer
    • Around four out of five ransomware victims who paid a ransom demand to recover their files said they would pay the ransom again to recover data if no backup files are available. This is one of the many conclusions of a survey of 1,252 users from 13 countries across Asia, Australia, and Europe, included in the Telstra Security Report 2018. The survey looked at various facets of the cyber-security landscape, but we are only going to focus on the ransomware-related findings.
  6. How many can detect a major cybersecurity incident within an hour?,Help Net Security
    • Less than half of all organizations were able to detect a major cybersecurity incident within one hour. Even more concerning, less than one-third said that even if they detected a major incident, they would be unable to contain it within an hour, according to LogRhythm.
  7. Gmail is secure. Netflix is secure. Together they're a phishing threat., The Register
    • A developer has discovered that Gmail's email handling creates a handy phishing vector to attack Netflix customers. The problem is that Netflix, like most systems, recognises dots in e-mail handles (so richardchirgwin and richard.chirgwin are different accounts) – but Gmail does not.
  8.  Ransomware reigns supreme in 2018, as phishing attacks continue to trick employees, TechRepublic
    • Ransomware remains the big malware baddie going into 2018, according to Verizon's annual Data Breach Investigations Report. The threat was found in 39 percent of malware-related data breaches—double compared to last year, making it the top variety of malicious software.

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