Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

In 2022, the healthcare industry set a record no one will be eager to break. According to IBM’s 2022 Cost of a Data Breach report, the average cost of a breach in healthcare climbed to $10.1 million dollars, making it the industry with the highest average breach cost for 12 years running. Meanwhile, 57% of organizations are planning to increase their cybersecurity budgets in 2023.

What do public school students, BMW dealers, Canadian defense engineers, and the world’s richest human have in common? They all fell victim to some manner of cybercrime during March. We’ve seen time and time again that no group is off-limits in the world of cybercrime, and the span of attacks we’re covering this month highlights cybercriminals lack of preference when there’s data and money on the line.

It’s natural for people to let down their guard when hunting for great deals or responding to one-time requests from coworkers trying to plan their vacations. But threat actors don’t take time off, and as recent history has shown from Log4J and Kaseya attacks, attackers are poised to do the most damage when their targets are off celebrating outside the office.

As cybercrime evolves and organizations migrate to the digital realm, there’s been an ongoing race among businesses to evade bad actors, stay ahead of emerging threats, and mature their security posture. While tools are a critical component of these proactive and reactive defenses, tools alone are not enough, especially when it comes to telemetry.

On Wednesday, March 29, 2023, details of unexpected malicious activity observed from the legitimate and cryptographically signed 3CX SoftPhone Desktop App application were shared in a blog post by security researchers at Crowdstrike.

The “Great Resignation” is still well underway, further impacting a cybersecurity industry with a historically low retention rate. According to a report published by Enterprise Strategy Group in partnership with Information Systems Security Association International, 76% of organizations say it is difficult to recruit and hire security professionals.

On Saturday, March 18, 2023, Horizon3 researchers released a proof-of-concept (PoC) exploit for CVE-2023-27532, a high-severity missing authentication vulnerability impacting Veeam Backup and Replication (VBR) software. Based on Horizon3’s technical analysis published on March 23rd, the PoC exploit allows a remote unauthenticated threat actor with access to the VBR service to obtain plaintext usernames and passwords.

When seeking to understand the cyber threat landscape and respond to various incidents, one of the most important factors to consider is how threat actors are gaining access to networks.

Whether it’s ransomware, business email compromise (BEC), or phishing attempts, the number of cyber attacks keeps rising year after year. While there’s solid data on the volume, there’s a caveat, which is that organizations don’t want to disclose that they’ve suffered a data breach. According to Arctic Wolf’s “The State of Cybersecurity: 2023 Trends” report, 50% of organizations experienced a breach in the past year — the same odds as flipping a coin.

Silicon Valley Bank (SVB) experienced a rapid implosion last week after a historic bank run. While many are discussing the immediate financial impacts to the bank accounts — which were largely held by venture capitalists, investors, and technology business owners — and the larger impact on banking in general, it’s important to note that there will be a secondary impact. Hackers and scammers are going to take advantage of the confusion to launch a barrage of social engineering attacks.