Cybersecurity Private Equity

Cyber TRUST™ Index

157

-2

52 Week

166

135

Index at 100 on January 1, 2020

TRUST INDEX IN PROCESS
OF BEING UPDATED- EXPECTED
COMPLETION FEB 23

Heads Up America – Hackers Continue Their Attack [Cybersecurity Brief]

Watch-out America, hackers are coming our way. This week’s cybersecurity news reinforced that hackers are not letting up. In fact, they are doing the complete opposite. Within the last seven days, two giant U.S. companies were hacked. Moreover, Russian military hackers concocted a new malware aimed at American systems. Articles by Lee Matthews from Forbes, USA Today and Catalin Cimpanu from ZD Net give all the details.

Brown-Forman, one of the largest American-owned companies in the spirits and wine business, and Carnival Cruise Line were hit with major security breaches this week. Brown-Forman’s hackers, REvil, successfully exfiltrated about a terabyte of the company’s data. REvil threatened to release confidential information from the stolen data if the organization does not pay up. On top of that, Carnival Corp. received a ransomware attack that stole passenger and employee personal information.

As if two giant corporations getting hacked was not enough, the FBI and NSA announced a new strain on Linux malware created by Russia’s military hackers called Drovorub. Drovorub is described as “a ‘swiss-army knife’ of capabilities that allows the attacker to perform many different functions, such as stealing files and remote controlling the victim’s computer,” said McAfee CTO.

This week’s cyber news stresses the importance of having strong cybersecurity. Large organizations are not the only ones getting hacked but the get the media attention.  Because of this, it is important to invest in the best technology possible to ensure security.  It is not enough to identify the attack, but companies and government must be able to recover quickly from same.  Not a matter of if but when.  

Key Takeaways

“Hackers Stole 1 Terabyte of Data From-Billion-Dollar U.S. Liquor Market” – Lee Matthews, Forbes

  • Brown-Forman, one of the largest American-owned companies in the spirits and wine business, was attacked by the hacking group REvil
  • Brown-Forman intervened before any data was encrypted
  • Successfully exfiltrated about a terabyte of the company’s data
  • If the company does not pay, REvil threatened to release confidential information

“Carnival Corp. hacked: Cruise passenger and crew information at risk” – Associated Press, USA Today

  • Carnival Corp. was a victim of a ransomware attack that stole passenger and employee personal information
  • The hackers accessed encrypted technology systems and certain data files

“FBI and NSA expose new Linux malware Drovorub, used by Russian state hackers” – ZDNet, Catalin Cimpanu

  • The FBI and NSA announced a new strain on Linux malware created by Russia’s military hackers called Drovorub
  • McAfee CTO, Steve Grobman said, “Drovorub is a ‘swiss-army knife’ of capabilities that allows the attacker to perform many different functions, such as stealing files and remote controlling the victim’s computer.”

Sources:

https://www.forbes.com/sites/leemathews/2020/08/17/brown-forman-hacked-1tb-data-stolen/#5772a4a04da0

https://www.zdnet.com/article/fbi-and-nsa-expose-new-linux-malware-drovorub-used-by-russian-state-hackers/

https://www.usatoday.com/story/travel/cruises/2020/08/19/passenger-and-crew-information-risked-carnival-corp-hack/3400323001/

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