Business Email Compromise (BEC) remains a lucrative threat vector for attackers. The FBI’s IC3 reported that in 2022, they received 21,832 complaints with adjusted losses of over $2.7 billion. When it comes to targeted attacks, threat actor sophistication is evident in their ever-evolving tactics, even as detection capabilities and preventative measures improve. Let’s take a look at the current BEC landscape for the first half of 2023.

After a series of high-profile cryptocurrency heists, a state-sponsored North Korean malicious hacking group is poised to cash out millions of dollars. That's the opinion of the FBI, which this week has warned cryptocurrency companies about recent blockchain activity it has observed connected to the theft of hundreds of millions of cryptocurrency in recent months.

In my previous blog post, I looked at how software supply chain attacks work and what you can do to assess and analyze your security posture. Now, let’s figure out how to use the resultant information to harden your software supply chain against threats.

In this version of the Hacker’s Playbook Threat Coverage round-up, we are highlighting newly added coverage for several recently discovered or analyzed ransomware and malware variants, including Akira ransomware, 8base ransomware, and Rorschach (BabLock) ransomware, amongst others. SafeBreach customers can select and run these attacks and more from the SafeBreach Hacker’s Playbook™ to ensure coverage against these advanced threats.

By now, the facts of the recent MOVEit breach are well known (although the victim total keeps climbing), but it never hurts to be reminded that these attacks do not take place in a vacuum and threat actors are more than happy to repeatedly use the same tactics if their targets remain vulnerable. Trustwave SpiderLabs, has tracked and documented these events explaining how threat actors were found to be exploiting three vulnerabilities, including a zero-day, (CVE-2023-34362, CVE-2023-35036.

When it comes to applications and software, the key word is ‘more.’ Driven by the needs of a digital economy, businesses depend more and more on applications for everything from simplifying business operations to creating innovative new revenue opportunities. Cloud-native application development adds even more fuel to the fire. However, that word works both ways: Those applications are often more complex and use open-source code that contains more vulnerabilities than ever before.