Posted on Author rmaximum Categories Cyber Security, Risk Management

Hackers Target Videogame Publishers for Ransom.

Cyberattacks struck at least three large publishers in the past year

Polish game developer CD Projekt SA disclosed in February it was hit by a ransomware attack. Boxes of the company’s Cyberpunk 2077 game on display in Warsaw in December 2020.

Gamers have struggled for years with hackers who cheat and take over accounts. Now, videogame studios are coming under serious attack, prompting them to step up their cyber defenses.

Hackers claim to have pilfered the source code for popular games such as EA’s FIFA series and CD Projekt’s Cyberpunk 2077, and the libraries of code and digital assets known as game engines used to create them

Rather than demanding ransom to not publish the source code, the hackers have instead said they would auction it on the darknet.

Videogame studios face a number of challenges unique to their industry. The need to consistently stream large volumes of data into and from servers, which power online gaming, means security tools are often customized for a studio.

Hackers could sell source code or use it to launch attacks in a number of ways, according to researchers. Additionally, alternate versions of games containing malware could be distributed to gamers.

The videogame industry as a whole generated revenue in excess of movies and U.S. sports combined in 2020, according to estimates from market research company International Data Corp.

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Posted on Author rmaximum Categories Cloud, Risk Management

41% of risk and compliance pros adopting cloud tech in pandemic recovery

There has been a strong post-pandemic push toward the adoption of cloud-based technology, according to a study by Galvanize, an SaaS governance, risk, and compliance (GRC) software provider.

The survey of GRC professionals revealed the critical value they bring to the C-suite, as well as the top concerns from, and the evolving role of, GRC professionals.

The report, which assessed the views of GRC professionals and non-GRC professionals in related fields, found that nearly half of GRC professionals (45%) are still using Microsoft Office tools to manage critical programs and documents.

However, there’s a light at the end of the tunnel: although only 30% of GRC professionals currently use cloud-based technology, 41% of survey respondents say they are planning to adopt it.

53% of GRC professionals say that, while their organizations now perceive them as being more valuable, the volume and scope of their workload has drastically increased, and resources continue to shrink.

GRC software protects against increased workloads – only 39% of users reported an increased workload, which is far less than those who rely on Microsoft (61%) or on multiple point solutions (89%).

63% of GRC professionals who use integrated technology have complete visibility into the risks faced by their organisations and how those risks tie back to their work; that’s twice as many as those who use Microsoft Office.

Dan Zitting, CEO of Galvanize, said: “Much like we saw in the Roaring ‘20s of 100 years ago, the biggest post-pandemic concern is a return to the new normal.

“The fastest route is through technology – especially for the GRC industry. The data shows indisputable benefits: more visibility into risk, decreased workload, and more efficiencies. It’s promising to see the strides GRC practitioners are taking to implement cloud-based technology so they can maintain their position as strategic advisors to their organizations.”

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Posted on Author rmaximum Categories Cyber Security, Infrastructure

Recent high-profile attacks on the meat and oil industries are compared to 9/11 terrorist attacks

FBI Director Christopher Wray said the agency was investigating about 100 different types of ransomware and compared the current spate of cyberattacks with the challenge posed by the Sept. 11, 2001, terrorist attacks.

Mr. Wray’s comments—among his first publicly since two recent ransomware attacks gripped the U.S. meat and oil-and-gas industries—come as senior Biden administration officials have characterized ransomware as an urgent national-security threat and said they are looking at ways to disrupt the criminal ecosystem that supports the booming industry. Each of the 100 different malicious software variants are responsible for multiple ransomware attacks in the U.S., Mr. Wray said.

Ransomware is a type of malicious computer code that locks up a victim network’s files that hackers use to demand payment for their release, typically with digital currency such as bitcoin.

This week, hackers held hostage the world’s largest meat processor, just weeks after the operator of an essential pipeline bringing gasoline to parts of the East Coast paid about $4.4 million to regain control of its operations and restore service.

Senior officials at the Federal Bureau of Investigation for years have likened the need to confront rising cyber threats to the post-9/11 scramble against international terrorism.

The most prominent recent ransomware hacks represent only a fraction of some 100 types of ransomware the FBI is investigating, Mr. Wray said. “Those are just two,” he said, adding that each of those 100 different malicious software variants had affected between a dozen and 100 targets.

Complaints to the FBI and reports from the private sector show ransomware incidents have tripled in the past year, Mr. Wray said. While private-sector estimates of the toll to the U.S. economy vary, companies that track ransomware generally put the cost at hundreds of millions or billions of dollars annually and say it is rapidly increasing.

Cybersecurity experts who have tracked the proliferation of ransomware attacks for years said they were encouraged by signals from Mr. Wray and others in the Biden administration that the issue had been elevated to a top national-security priority, but said the problem remained vexing.

“The danger from cyberattack is real, and we need more urgent cooperation between our public and private sectors, and more severe consequences for global cyber attackers,” Sen. Ben Sasse (R., Neb.) said after the JBS hack was disclosed this week.

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