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Veeam Backup & Replication exploit reused in new Frag ransomware attack

Security Affairs

A critical flaw, tracked as CVE-2024-40711, in Veeam Backup & Replication (VBR) was also recently exploited to deploy Frag ransomware. In mid-October, Sophos researchers warned that ransomware operators are exploiting the critical vulnerability CVE-2024-40711 in Veeam Backup & Replication to create rogue accounts and deploy malware.

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News alert: INE Security shares cyber hygiene guidance for small- and medium-sized businesses

The Last Watchdog

INE Security advises businesses to secure their network by using firewalls, encrypting data, and regularly updating security software. The cost of ignoring such measures can be substantial, as noted in IBM’s 2023 Cost of a Data Breach Report, which found the average impact of a data breach on small businesses can exceed $3.31

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New Ransomware Group Exploiting Veeam Backup Software Vulnerability

The Hacker News

A now-patched security flaw in Veeam Backup & Replication software is being exploited by a nascent ransomware operation known as EstateRansomware. Singapore-headquartered Group-IB, which discovered the threat actor in early April 2024, said the modus operandi involved the exploitation of CVE-2023-27532 (CVSS score: 7.5)

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News Alert: Asigra highlights 5 data backup and recovery challenges associated with SaaS data

The Last Watchdog

Toronto, Canada, July 12, 2023 – Asigra Inc., a leader in ultra-secure backup and recovery, is tackling the pressing data protection and security challenges faced by organizations utilizing the thousands of Software as a Service (SaaS) applications on the market today.

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LW ROUNDTABLE: Cybersecurity takeaways of 2023 — and what’s ahead in 2024 ( part 1)

The Last Watchdog

A look back at the cybersecurity landscape in 2023 rings all-too familiar: cyber threats rapidly evolved and scaled up , just as they have, year-to-year, for the past 20 years. Eyal Benishti , CEO, IRONSCALES Benishti Generative AI (GenAI) reshaped cybersecurity in 2023. What should I be most concerned about – and focus on – in 2024?

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LW ROUNDTABLE — How 2024’s cyber threats will transform the security landscape in 2025

The Last Watchdog

Ransomware targeting critical services highlights the need for secure software lifecycles and vendor verification. Carignan Nicole Carignan , Vice President of Strategic Cyber AI, Darktrace If 2023 was the year of generative AI and 2024 the year of AI agents, 2025 will spotlight multi-agent systems, or agent swarms.

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No company too small for Phobos ransomware gang, indictment reveals

Malwarebytes

In 2023, ThreatDown discovered that, unlike other ransomware gangs that demanded up to $1 million or more from each victim , Phobos operators demanded an average of $1,719 from victims, with a median demand of just $300. Use always-on cybersecurity software that can prevent exploits and malware used to deliver ransomware.