Globally, the financial, telecom and energy sectors are coming under increasing cyberattack, according to the June 2023 edition of The CyberThreat Report from the Trellix Advanced Research Centre.
The report analyses cybersecurity trends from the last quarter, with insights gleaned from a global network of expert researchers who analyse over 30-million detections of malicious samples daily, combined with telemetry is collected from 1-billion sensors, and data from open and closed-source intelligence.
“A year into the Russia-Ukraine conflict, offensive cyber capabilities are being leveraged strategically by nation-states for espionage and disruption,” says John Fokker, head of threat intelligence at the Trellix Advanced Research Centre. “For both leading and developing countries, we see risks to critical infrastructures like telecommunications, energy, and manufacturing by notable APT groups – a warning to public and private organizations to deploy modern protections to stay ahead of rapidly evolving threats.”
The latest Trellix Advanced Research Centre report covers the first quarter of 2023 and is comprised of evidence of activity linked to ransomware and nation-state-backed APT actors, threats to email, malicious use of legitimate security tools, and more.
Key findings include:
* Co-ordinated Cyber Espionage. APT groups linked to China, including Mustang Panda and UNC4191, are the most active in targeting nation-states, generating 79% of all activity detected. Trellix predicts APT groups will continue cyber espionage and disruptive cyberattacks in tandem with physical military activity.
* In Ransomware, Cash is King. Motivations for ransomware are still financial – reflected in the Insurance (20%) and Financial Services (17%) sectors having the most detections of potential attacks. The most common leak site victims are US-based (48%) mid-sized businesses with 51-200 employees (32%) and $10-50M in revenue (38%).
* Cobalt Strike is a Favourite. Despite attempts in 2022 to make it harder for threat actors to abuse the tool, Cobalt Strike grows as a tool favoured by cybercriminals and ransomware actors. Trellix detected Cobalt Strike in 35% of nation-state activity and 28% of ransomware incidents – almost double from Q4 2022.
* Old Vulns, a Blast from the Past. Many critical vulnerabilities consist of bypasses to patches for older CVEs, supply chain bugs utilizing outdated libraries, or long-patched vulnerabilities that were never properly addressed. A disclosed Apple vulnerability in February 2023 had roots as far back as the FORCEDENTRY exploit disclosed in 2021.
* Rogue Access to the Cloud. Cloud infrastructure attacks on Amazon, Microsoft, and Google are rising. Though more sophisticated attacks with multifactor authentication, proxy penetration, and API execution continue, the dominant attack technique uses valid accounts, at 2x more detections than any other vector. Rogue access to legitimate accounts in remote-work environments remains significant.
“Security operations teams are in a race to enhance defense capabilities to protect organizations from growing attack surfaces,” says Joseph “Yossi” Tal, senior vice-president of the Trellix Advanced Research Centre. “Already understaffed, teams are in a daily catch-up to process millions of data points across complicated networks.”