SBS CyberSecurity - In The Wild 131

In The Wild - CyberSecurity Newsletter

Welcome to the 131st issue of In The Wild, SBS’ weekly CyberSecurity newsletter. The objective of this newsletter is to share threat intelligence, news articles that are relevant, new and updated guidance, and other information you may find helpful.
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Below, you will find some of the latest-and-greatest news stories, articles, videos, and links from the past week in cybersecurity. Some of the following stories have been shared by consultants, others by the SBS Institute, and others yet simply been found in the far corners of the Internet. We hope you find the following stories relevant, interesting, and – most of all – useful. Enjoy.
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[Download] FDIC InTREx - What Documentation Are You Expected To Have?

SBS Educational Resources

The FDIC rolled-out the Information Technology Risk Examination procedures (InTREx) in 2016. These procedures are used by FDIC, Federal Reserve, and State Examiners and make expectations regarding required documentation from financial institutions a bit clearer. We hope this list of documentation pulled from the InTREx procedures helps you as you update your Information Security Program documentation and as you prepare for your next IT examination.

The Risk of Weak Online Banking Passwords

Krebs on Security

If you bank online and choose weak or re-used passwords, there’s a decent chance your account could be pilfered by cyberthieves — even if your bank offers multi-factor authentication as part of its login process. This story is about how crooks increasingly are abusing third-party financial aggregation services like Mint, Plaid, Yodlee, YNAB, and others to surveil and drain consumer accounts online.

Bribed AT&T Workers Planted Malware on Carrier's Network

BankInfoSecurity

Over a five-year period, two men allegedly paid over $1 million in bribes to AT&T employees who helped plant malware on the company's internal systems that enabled the unlocking of smartphones to permit use outside the carrier's network, according to an indictment unsealed this week by the U.S. Department of Justice. In addition to planting malware, these AT&T employees allegedly accessed the carrier's internal systems and installed illegal hardware within the network to help the suspects gain remote access and unlock millions of smartphones, according to the indictment.

Ransomware Attacks On Businesses Up 365% This Year

Tech Republic

Ransomware is back with a vengeance, according to Malwarebytes's Cybercrime Tactics and Techniques: Ransomware Retrospective report. The malware is delivered through spear-phishing emails and locks up valuable data assets, demanding a ransom to release them. While ransomware made headlines a few years back as a consumer problem, it was sidelined as other attacks became more popular among cybercriminals. But this year, the threat has come back to life, switching from mass consumer campaigns to highly-targeted attacks on businesses that will give cybercriminals a bigger bang for their buck, according to the report.
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Slow Your Roll Before Disclosing a Security Incident

Dark Reading

Security incidents happen all the time, but when one actually strikes an organization, security professionals often find themselves uncertain whether it needs to be disclosed to the public or shared with law enforcement right away. For example, back in 2006, an unknown user gained unauthorized access to a large number of electronic records on the McCombs School of Business computers at the University of Texas in Austin. But before disclosing what happened, it took the time to determine what information was accessed, lost, or possibly modified, as well as how long the issue had been going on. UT-Austin also needed to understand exactly what information about the security incident it was able to share with the public.

Apple Will Now Pay Up To $1 Million for Reporting Vulnerabilities

The Hacker News

Apple has just updated the rules of its bug bounty program by announcing a few major changes during a briefing at the annual Black Hat security conference yesterday. Apple has enormously increased the maximum reward for its bug bounty program from $200,000 to $1 million—that's by far the biggest bug bounty offered by any major tech company for reporting vulnerabilities in its products. The $1 million payouts will be rewarded for a severe deadly exploit—a zero-click kernel code execution vulnerability that enables complete, persistent control of a device's kernel.

State Farm Falls Victim to Credential-Stuffing Attack

threatpost

State Farm Insurance is notifying customers that accounts have been compromised by hackers in a credential-stuffing attack. Credential-stuffing is accomplished by hackers who take advantage of users who often reuse the same passwords across multiple online accounts. The cyberattackers use stolen passwords and user names from previous data breaches to brute-force accounts on a wide scale, and when a match is found, they can take over the victim’s account.

9 Things Emotionally Intelligent People Never Say

Inc.com

Leaders have enough to worry about without worrying about saying the wrong thing. But not all verbal violations are created equal. Sometimes saying the wrong thing just makes you look emotionally (and intellectually) dumb. And in today's business world, emotional intelligence is becoming more and more of a make or break factor. So here's the breakdown – you won't catch the highest EQ leaders saying any of the following:

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10 Other Interesting Links From This Week

There were too many fantastic reads from this past weeks’ worth of cybersecurity and technology news, so here are a few additional quick-hit links for your reading pleasure:

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