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IT Security Newsletter

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IT Security Newsletter - 12/30/2020

Hacking

Voyager cryptocurrency broker halted trading due to cyberattack

The Voyager cryptocurrency brokerage platform halted trading yesterday after suffering a cyberattack targeting their DNS configuration. Voyager Digital LLC is a cryptocurrency broker that allows investors to trade assets using the Voyager mobile app. Voyager has rapidly grown this year with a 40x growth in 12 months and $200 million in assets under management. Yesterday, the Voyager trading platform was suddenly shut down with an announcement that it was "currently undergoing maintenance." READ MORE...


Shields Up: How to Tackle Supply Chain Risk Hazards

On December 13th, FireEye disclosed a global supply chain attack allegedly carried out by a nation-state actor. According to the firm's threat research, the cyber adversary added a backdoor to commonly used SolarWinds Orion IT management software, apparently by infiltrating the vendor's software development pipeline. Subsequently, any customer that installed the trojanized software update was exposed to the malware which connects to an attacker-controlled command-and-control server. READ MORE...

Trends

DDoS Attacks Spiked, Became More Complex in 2020

The large-scale shift to remote work and the increased reliance on online services as the result of the global pandemic this year gave threat actors new opportunities to use distributed denial-of-service (DDoS) attacks to harass and extort organizations. Providers of DDoS mitigation services reported an overall increase in attack volumes, attack sophistication, and attack complexity in 2020 compared with prior years. Adversaries went after more organizations in more industries than ever before. READ MORE...

Malware

Wasabi cloud storage service knocked offline for hosting malware

Cloud storage provider Wasabi suffered an outage after a domain used for storage endpoints was suspended for hosting malware. Wasabi is a cloud storage provider that competes with solutions like Amazon S3 by offering significantly cheaper services, not charging egress or API fees, and promising a 99.999999999% data durability. Yesterday, at approximately 2:30 PM EST, Wasabi users suddenly found that they could no longer access their storage buckets [1, 2, 3] hosted on the wasabisys.com domain. READ MORE...

Information Security

India: A Growing Cybersecurity Threat

Geopolitical tensions and a dramatic rise in offensive and defensive cyber capabilities lead India to join Iran, Russia, China, and North Korea as a top nation-state adversary. With geopolitical tensions against the United States continuing to heat up, a new cyber superpower and formidable adversary is quickly emerging to join Iran, Russia, China, and North Korea as a top nation-state adversary: India. Geopolitical Factors Boost India's Cyber-Threat Activity. READ MORE...

Science & Culture

Server market revenue reached $22.6 billion in 3Q20

Vendor revenue in the worldwide server market grew 2.2% year over year to $22.6 billion during the third quarter of 2020 (3Q20), according to IDC. Worldwide server shipments declined 0.2% year over year to nearly 3.1 million units in 3Q20. Volume server revenue was up 5.8% to $19.0 billion, while midrange server revenue declined 13.9% to $2.6 billion, and high-end servers declined by 12.6% to $937 million. "Global demand for enterprise servers was a bit muted during the third quarter of 2020." READ MORE...

On This Date

  • ...in 1924, astronomer Edwin Hubble formally announces the existence of other galactic systems at a meeting of the American Astronomical Society.
  • ...in 1934, actor and dancer Russ Tamblyn ("West Side Story", "Twin Peaks") is born in Los Angeles, CA.
  • ...in 1942, musician/actor/producer Mike Nesmith ("The Monkees"), whose work on early music videos directly led to the creation of MTV, is born in Houston, TX.
  • ...in 1963, the long-running game show "Let's Make a Deal" hosted by Monty Hall first airs on daytime television.