It’s extremely important for digital shopping and e-commerce platform websites that handle sensitive customer information to ensure the communication between servers and users is encrypted. As we move in the 2020 holiday shopping season, one that is widely expected to shift considerably to digital shopping given the resurgence in the coronavirus, this is more critical than ever. However, new report from CyberNews found that nearly one-third of analyzed web servers were vulnerable.
CyberNews decided to see if popular online shops take their encryption hygiene seriously. To do this, our Investigation team analyzed the web servers of 2,620 popular online shopping domains for SSL configuration security, as well as their susceptibility to known vulnerabilities related to the Secure Sockets Layer (SSL) encryption protocol.
…to carry out this investigation, we gathered a list of the top 2,620 online shop domains on Google search. We then tested them for their SSL web server configuration security and their susceptibility to six known high-severity SSL vulnerabilities by using the Qualys SSL Server Test service.
We found that even though the absolute majority of online shops follow excellent to good SSL configuration practices in general, almost a third of the web servers we analyzed are susceptible to known SSL vulnerabilities, with the BEAST vulnerability being the most widespread among online shops.
BEAST (short for Browser Exploit Against SSL/TLS) is an attack that allows a threat actor to access the data exchanged between a web server and the user’s web browser.
Source: 30% of top online shopping domains are vulnerable to BEAST SSL attack | CyberNews
The first known cyberattack hit in 1988, when what became known as the Morris Worm installed itself on a computer every one out of seven times, even if the computer claimed it already had the program. With each installation, the infected computers would become further debilitated until they finally crashed. The worm damaged approximately 6,000 computers, which represented 10% of the entire internet at the time, and we have never looked back.
Over the ensuing three decades, computing and connectivity would become increasingly ubiquitous as more of how we work, play, and live becomes digital, and the combination of chips and sensors have become the fabric of our lives.
The dark side of this increasingly digital lifestyle is the voluminous growth in the number of attack vectors by cybercriminals and other bad actors. While driven primarily by financial motives, one of the more lucrative areas for cybercriminals today is data theft. Early in 2020, the Department of Homeland Security warned of an increase in cyber threats due to heightened tensions with Iran. Later in 2020, a little thing known as the coronavirus accelerated the adoption of digital technologies and solutions, leaving us and our data increasingly vulnerable as companies were forced to go virtual nearly overnight.
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We at Tematica are unfortunately firm believers that the new connective technologies and applications associated with our Digital Lifestyle and Digital Infrastructure investing themes will create new attack vectors for cyberattackers and other bad actors. A new report describes the connected entrainment we enjoy while traveling on aircraft as an example of just that. Another market that will help drive cybersecurity and data privacy spending that is captured by the Foxberry Tematica Research Cybersecurity & Data Privacy USD PR Index and the Rize Cybersecurity and Data Privacy UCITS EFT (CYBR).
The Government Accountability Office (GAO) noted in a report Friday (Oct. 9) that the Federal Aviation Administration (FAA) has not held testing of possibly susceptible technology, prioritized digital risks or created a digital security instruction program.
Entertainment systems, wireless networks, technologies that send information back to earth without intervention and position broadcasts are some of the complex digital infrastructure on commercial airliners.
According to the report, as noted by Bloomberg, “Until FAA strengthens its oversight program, based on assessed risks, it may not be able to ensure it is providing sufficient oversight to guard against evolving cybersecurity risks facing avionics systems in commercial airplane.”
Source: GAO Warns Of Aviation Cybersecurity Risks | PYMNTS.com
A number of reports have named healthcare facilities and services as a prime target for cyber attacks, no surprise given the amount of personal data contained in their patient records. What the below report shows, however, is it took the identification of a different problem to reveal the the scope of data that was being made available, including in some cases social security numbers.
As one might expect, Utah Pathology has updated its security measures but it has also offered one year of free identity monitoring services to individuals affected by the incident.
The company wrote it discovered on June 30 that an unknown third party hacked into one of its email accounts in an attempt to redirect funds from the business. After discovering the attempted fraud, Utah Pathology secured the email account and launched an investigation.
Approximately 112,000 patients had their personal information exposed by a data breach at Utah Pathology Services.
The breach was discovered when the organization discovered “an unknown party attempted to redirect funds from within Utah Pathology,” according to a press release from the company. The attempted fraud led to the discovered of that patient information was accessible and included one or more of the following:
- Date of birth
- Phone number
- Mailing address
- Email address
- Insurance information including ID and group numbers and clinical and diagnostic information related to pathology services
- And, for a smaller percentage of patients, Social Security number
Source: Breach exposes data of more than 100K patients at Utah Pathology Services | KUTV
According to research from Ironscales, fake login pages are commonly used to support hacks and spear-phishing campaigns, and its researchers found more than 200 of the world’s most prominent brands were spoofed with fake login pages. In total, the company found over 50,000 fake login pages in the first half of 2020, with some able to be polymorphic and represent different brands. Per the company, the largest number of fake login pages were had at PayPal (11,000), Microsoft (9,500), and Facebook (7,000).
With the shift to work and learn from home as a result of the pandemic, we would not be surprised to hear more about fake login pages as well as the phishing attacks that lead people to them in the coming months. All in all, another aspect of the attacks that will continue to spur demand for cybersecurity and data privacy solutions.
It also found nearly 5% (2500) of the 50,000+ fake login pages were polymorphic, with one fake login able to represent more than 300 different login pages.
Ironscales’ Brendan Roddas explained polymorphism occurs when an attacker implements “slight but significant and often random change to an emails’ artifacts, such as its content, copy, subject line, sender name or template in conjunction with or after an initial attack has deployed.”
This allows attackers to quickly develop phishing attacks that trick signature-based email security tools that were not built to recognize such modifications to threats, ultimately allowing different versions of the same attack to land undetected in employee inboxes. In this research, Microsoft and Facebook led the list with 314 and 160 permutations, respectively.
Source: Fake Login Page Detections Top 50,000 in 2020 – Infosecurity Magazine
Data privacy compliance will spur corporate spending, leading to an investing opportunity to those that recognize it.
The General Data Protection Regulation (GDPR) was adopted in April of 2016 by the European Union and became effective in May of 2018. At a high level, these regulations are fairly straightforward in their requirement to “Protect User Data,” but we see that, like any regulation worth its salt, compliance may not be as straightforward as advertised. As you’ll see, despite the complexities and sea of acronyms to be had, the bottom line is data privacy compliance will spur corporate spending, leading to an investing opportunity to those that recognize it. With that said, here’s a look at GDPR’s set of regulations affecting companies that collect data on citizens of countries within the European Union.
This legislation looks to lay out a framework that protects “fundamental rights and freedoms of natural persons and in particular their right to protection of personal data.” From the get-go, this is strong stuff. This is targeted at information that users have already provided (knowingly or unknowingly) to companies they interact with online.
READ MORE HERE: Emerging Technology Trend: Data Privacy Compliance Becomes Part of a New Normal | Nasdaq
A recent report from Check Point Security (CHKP) revealed a number of Amazon (AMZN) and Alexa subdomains were vulnerable to a Cross-Origin Resource Sharing (CORS) misconfiguration and Cross Site Scripting (XSS). The report goes on to say that by using XSS, an attacker would be able to acquire a CSRF token that would provide them access to elements of the smart home installation. Another reminder of the dark side to our increasingly connected Digital Lifestyle and one that also bodes well for those constituents inside the Foxberry Tematica Research Cybersecurity & Data Privacy Index
According to the researchers, these could include automatically installing Alexa skills without the knowledge of the user, acquiring a list of all installed skills, silently removing installed skills, acquiring the victim’s voice history with Alexa, and to even gain personal information.
This skill manipulation can allow for a modified version of an existing skill to be installed and then used by the user, one that could allow actions to be performed by the attacker, or for further acquisition of data from the user. It could even be possible for an attacker to install a skill to eavesdrop into conversations near an Echo device.
“Internet of Things devices are inherently vulnerable and still lack adequate security, which makes them attractive targets to threat actors,” Check Point writes. “Cybercriminals are continually looking for new ways to breach devices, or use them to infect other critical systems. This research presented a weak point in what is a bridge to such IoT appliances. Both the bridge and the devices serve as entry points. They must be kept secured at all times to keep hackers from infiltrating our smart homes.”
Source: Alexa hack granted attackers access to an Echo user’s smart home network | Appleinsider
One of the key differentiators in Tematica’s Cybersecurity & Digital Privacy investment theme and the Foxberry Tematica Research Cybersecurity & Data Privacy Index has been the recognition of the evolving data privacy regulatory landscape. One of those key pieces is the GDPR regulation, which includes consent for processing an EU citizens’ personal data must be informed, specific and given freely and confers rights on individuals surrounding their data, including ability to receive a copy of their personal information. It’s against that regulatory backdrop that Oracle and Salesforce are lawsuits in the UK and Netherlands.
The high profile nature of these companies and therefore these lawsuits along with the impact on third party cookie usage for ad tracking and targeting and the potential size of the fines to be had make these cases to watch.
The use of third party cookies for ad tracking and targeting by data broker giants Oracle and Salesforce is the focus of class action style litigation announced today in the UK and the Netherlands.
Non-profit foundation, The Privacy Collective, has filed one case today with the District Court of Amsterdam, accusing the two data broker giants of breaching the EU’s General Data Protection Regulation (GDPR) in their processing and sharing of people’s information via third party tracking cookies and other adtech methods.
The Dutch case, which is being led by law-firm bureau Brandeis, is the biggest-ever class action in The Netherlands related to violation of the GDPR — with the claimant foundation representing the interests of all Dutch citizens whose personal data has been used without their consent and knowledge by Oracle and Salesforce.
A similar case is due to be filed later this month at the High Court in London England, which will make reference to the GDPR and the UK’s PECR (Privacy of Electronic Communications Regulation) — the latter governing the use of personal data for marketing communications. The case there is being led by law firm Cadwalader.
Discussing the lawsuit in a telephone call with TechCrunch, Dr Rebecca Rumbul, class representative and claimant in England & Wales, said: “There is, I think, no way that any normal person can really give informed consent to the way in which their data is going to be processed by the cookies that have been placed by Oracle and Salesforce.
“When you start digging into it there are numerous, fairly pernicious ways in which these cookies can and probably do operate — such as cookie syncing, and the aggregation of personal data — so there’s really, really serious privacy concerns there.”
Source: Oracle and Salesforce hit with GDPR class action lawsuits over cookie tracking consent | TechCrunch
It seems a day doesn’t go by that we don’t hear of another digital or data privacy concern. A reminder that we need to be careful and mindful with our digital footprint, but also a positive driver for the Foxberry Ltd Tematica Research, LLC Cybersecurity & Digital Privacy Index and the corresponding ETF from Rize ETF.
Today’s latest Signal is below and its and it raises potential questions for potential TikTok suitors such as Microsoft (MSFT) and others. It also likely means privacy focused Apple (AAPL), which had been reportedly talking to TikTok will take a hard pass on the company.
France’s data privacy watchdog CNIL said on Tuesday that it has opened a preliminary investigation into Chinese-owned video-sharing app TikTok after it received a complaint.
TikTok, owned by China’s ByteDance, is already under investigation over privacy concerns by U.S., European Union and Dutch authorities.
“A complaint about TikTok was received in May. This complaint is now under investigation,” a CNIL spokesman said, confirming a Bloomberg report.
In the United States, officials have said that TikTok poses a national security risk because of the personal data it handles.
In June, the European Data Protection Board (EDPB) said it would set up a task force to assess TikTok’s activities across the bloc after a request from an EU lawmaker concerned about its data collection and security and privacy risks.
Source: French privacy watchdog opens preliminary investigation into TikTok
According to Barracuda Networks, cybercriminals are increasingly registering accounts with legitimate email services, especially Alphabet’s (GOOGL) Gmail and Verizon’s (VZ) Yahoo, to use them in impersonation and Business Email Compromise (BEC) attacks. Another data point that speaks to the ingenuity of attackers capitalizing to compromise on defense weaknesses, especially during the COVID-19 pandemic, and the growing demand profile for cybersecurity and data privacy solutions that are propelling the constituents in the Foxberry Tematica Research Cybersecurity & Data Privacy Index.
In their most recent threat spotlight report, Barracuda researchers observed that 6,170 malicious accounts that have used Gmail, AOL and other email services, have been responsible for over 100,000 BEC attacks which have impacted nearly 6,600 organizations. What’s more, since April 1, these ‘malicious accounts’ have been behind 45% of all BEC attacks detected.
Essentially, cybercriminals are using malicious accounts to impersonate an employee or trusted partner, and send highly personalized messages for the purpose of tricking other employees into leaking sensitive information, or sending over money.
The preferred choice of email service for malicious accounts is Gmail, which accounts for 59% of all email domains used by cybercriminals. Yahoo! is the second most popular, accounting for just 6% of all observed malicious account attacks.
Source: 6,600 organizations bombarded with 100,000+ BEC attacks – Help Net Security