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The Target: BT Group is the United Kingdom's leading fixed and mobile telecom provider. It also provides managed telecommunications, security, and network and IT infrastructure services to customers in 180 countries.
The Take: This comes after the Black Basta ransomware gang claimed they breached the company's servers and allegedly stole 500GB of data, including financial and organizational data, "users data and personal docs," NDA documents, confidential information, and more.
The Vector: BT Group identified an attempt to compromise their BT Conferencing platform. This incident was restricted to specific elements of the platform, which were rapidly taken offline and isolated, BleepingComputer was told.
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
Crunchbase: Across-the-board, it seemed like the golden heyday where chief information security officers got more money every time they turned around had come to an end, with a third of CISOs reporting their budgets had dropped, and another fifth having frozen budgets, meaning only committed money would be spent.
Cybersecurity Dive: Salt Typhoon has compromised at least eight telecommunications providers or telecom infrastructure companies in the U.S., though there could be more, Anne Neuberger, deputy national security advisor for cyber and emerging technology, said during a media briefing.
BNN Bloomberg: Omers Private Equity is buying a majority stake in Integris, a US cybersecurity and IT consulting company, from Chicago-based Frontenac Company LLC for an undisclosed amount.
CSO Online: The European Union has enacted two new laws to bolster its cybersecurity defenses and coordination mechanisms. The measures, part of the cybersecurity legislative package, include the Cyber Solidarity Act and amendments to the Cybersecurity Act (CSA).
Cybersecurity Dive: The new leader of the United Kingdom’s National Cyber Security Centre warned the country has reached an inflection point where malicious actors are actively working to weaponize the country’s dependence on the digital economy.
Yahoo Finance: The U.S. Securities and Exchange Commission has settled record keeping charges against an Industrial and Commercial Bank of China unit concerning a November 2023 ransomware attack, but decided not to impose a civil fine.
TechCrunch: Former NBA athlete Omri Casspi has raised $60 million for his latest venture fund, Swish Ventures, which will invest in early-stage cybersecurity, cloud infrastructure, and AI startups.
The Target: Finastra provides software and services to roughly 8,000 financial institutions worldwide, including 45 of the top 50 banks. Based in London, the company has offices in 42 countries.
The Take: A threat actor using the moniker ‘abyss0’ announced on a dark web cybercrime forum that they were selling 400 gigabytes of data allegedly stolen in the attack and belonging to the fintech giant’s customers.
The Vector: The security incident occurred on November 7, 2024, when an attacker used compromised credentials to access one of Finastra's Secure File Transfer Platform (SFTP) systems.
This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
Dark Reading: Though funding for cybersecurity startups began slowing globally in late 2022, Israeli startups continue to win significant cybersecurity investments, even with the nation's ongoing military operation in Gaza and escalating regional tensions.
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